"It's very rewarding," he said in an exclusive interview with Business Insider. "I work to help protect our soldiers and their hearing."Jones had worked as a contractor for the Department of Defense before transitioning to a more permanent role. However, his new arrangement came alongside a 15% pay cut.
"That equated to a huge chunk of our monthly income," he said. "There's not enough budgeting that could make up that big of a loss to our monthly take-home." After tirelessly scouring the internet for different side-hustle ideas, Jones' wife suggested they giveAt first, the plan was to buy one single-family rental property every year for five years. But that all changed when they started to run some simple calculations.
"There were some good deals, but at most we'd only bring home $200 a month which is considerably less than what we needed to," he said. "And so, I was like: 'Maybe we should look into multifamily.'" Today, Jones says he's accumulated 23 units in total — a 4-unit, 16-unit, and three single family rentals. Business Insider reviewed documents showing Jones' property ownership in the state of Alabama.The meat and potatoes of Jones' strategy is simple: purchase a property, conduct anywhere from $7,000-$10,000/per unit worth of rehabs, and then increase rents to intensify cash flow over the course of the holding period.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 strategies any dual-income couple can use to manage their money - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Save and not spend on stupid shit
Source: BusinessInsider - 🏆 729. / 51 Read more »
Best stocks to buy, investing strategy as market leaders rotate: Jeff Kleintop - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. worldwar3 :- Sacrifice of the 20 soldiers killed by the China army 'will not go in vain:-MODI indiachinastandoff A BI prime story.. can’t read it. Atleast let us know before we try read it
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's best investing stories of the week ended June 16 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ......why did you use a photo of some rave... ? Day trading is for suckers These are the suckers that the 'pump and dump' big investors will use to unload their inflated stocks. That's why they are touting the 'V' shaped recovery. It's a repeat of the 2008 mortgage securities pump and dump.
Source: BusinessInsider - 🏆 729. / 51 Read more »
12 million low-income people eligible for stimulus check could miss out on cash - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. tRump cut pandemic team/Sent U.S. PPE to china/Hid CDC COVID19 2nd wave report. Jan-Mar: golf 6 times/9 rallies. tRump incompetence caused tRumpRecession/3 TIMES coronavirus case & death of any country. U.S. Today: OVER 2,063,800/115,200 dead & RISING! My mom could've used one of these checks. She can't get a job, bcuz they made sure of that & receives no type of help from the gov't. They made sure of that too, yet they can give these checks to elderly, incapacitated ppl, for others to steal from & im sure that...
Source: BusinessInsider - 🏆 729. / 51 Read more »
8 YouTube creators break down their monthly incomes from the platform - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. UK experts say the low-dose Steroid treatment saves one third of most severe Covid_19 cases...coronavirus Steroid (punches numbers into calculator furiously) After taxes: $0
Source: BusinessInsider - 🏆 729. / 51 Read more »