I didn’t know D2JSP had so much to offer! This is cool!
I’m an investor myself and have been investing since 2018. I started with stocks and have since branched out into crypto and real estate.
I quadrupled down in 2020 when the market crashed and made some serious gains. I have since then (2021) sold my stocks and crypto to buy real estate in the form of rental property. To do this, I formed an LLC to hold the rental property for liability reasons as well as the tax benefits.
Afterwards, I slowly bought back more stocks and saved all my rental income until I could buy another house. Wash, rinse, and repeat; now I am on my third stint buying stocks and getting geared up to buy my third rental property (probably around September).
Net worth went from nothing in 2018 to $188,000 now. Not a lot by any means, but all of my money is making me money. I plan to be retired in 10 years. With 10-12 rental properties. I reinvest everything and live frugally.
I also started a side business under the LLC. I remodel homes or build fences (all small jobs). I use AngiLeads to find jobs. I don’t do any of the work, but sub contract everything out. I made $8,000 or so doing this last year and
didn’t have to break a sweat. Again, not a lot of money, but still very nice for someone trying to
get ahead and retire early. Not only that, but I can save loads of money on my taxes because I own a business and I am able to write off things that normally people can’t.
I am willing and able to help anyone in any way that I can. Just send me a pm. I know tax laws and ways to save money with real estate. I know how to start an LLC and what you need to do to prepare for taxes and how to skirt the law all the while saving money legally. I will be willing to discuss stocks, crypto, running a business, and real estate all the like.Right now I bring in $16,500 a year in passive/ semi-passive income and $8,000 a year from semi-passive or “a little work involved” from my remodeling LLC. The work from remodeling comes in the form of quoting jobs, invoicing, pulling permits, and paying subs. Not difficult and not too time consuming, especially since the actual work is being done by someone else while I am at my full time job. I could make more money from the remodeling business if I chose to do so, but I take work at my own leisure and only if I feel like it
I say these things not to brag, but because I have actual results. I have a plan and I am willing and able to help others shape their future if they need help. I wish all people would grab life by the balls and shape their future.
I am also looking for ways to improve my investments. So all help is welcome.