
Jennings Smith
@Jenningsfoster
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Financially free by 36 -with $63mm in real estate. How to unlock your life- https://t.co/g9haiIdcpJ
Joined March 2010
Trump is looking specifically for a new fed chairman who will cut rates. He has publicly said he thinks rates are 3% too high. Inflation will likely increase. The ones who own assets will get richer and those who don't will not. Do you own assets?
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šššBREAKING-FED cuts rates 25 basis points.š„š„š„ So what? This specific cut doesn't matter (market already priced it in) but it leads to more optimism in the markets and sign of future cuts to come. Jerome Powell's term ends in May 2026.
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4/4So Iād rather exit, take the post-tax proceeds, and redeploy them into new opportunities than sit on a stabilized asset collecting a coupon. @realEstateTrent for inspiration
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3/4Once itās fully stabilized, the next buyer is basically betting on rents increasing from $850 to $900 and on interest rates staying favorable. I donāt control either of those.
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2/4 and I successfully increased income from $56k a month to $140k mo with new leases. The risk/reward profile changes dramatically. At that point, holding becomes irrational ā I sold the stabilized property at a $12.6M valuation.
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1/4 Why did we sell our Tulsa OK 208 unit multi family?Ā Our strategy is to prioritize value creation, not long-term cash flow. For example, I acquired the property where tenants are paying $450 in rents rents in a $850 market
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Open your mind to new opportunities and see a world with no lack of resources. People just like you, who are breaking barriers and achieving legacy wealth over 3-5 short years. Want to close a deal this year? Go to dealroomlive .com and use the code 100off.
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If youāre not where you want to be, then itās time to start building something for you. Ready to start building the life you actually wanted? Come start the journey with us March 6-8th in Charleston SC at our conference.
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Thatās fulfilling. Hustling isnāt the problem. Hard work isnāt the problem. The problem is weāre working on the wrong thing. So stop. Think. Who are you working for? Whose dream are you building? And where is it actually leading you?
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When your work builds your dream. When the time and energy you pour in come back to you, not just for a paycheck, but for something that lasts. When you wake up knowing that what youāre building today will still be paying you years from now.
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I was left asking myself: What did I just spend a year of my life doing? People would say, āIt must feel amazing, bringing someoneās dreams to life!ā And for a while, I believed it. I told myself the same thing. I was lying to myself. You know whatās actually fulfilling?
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I made sure every detail was right so that you could live in the home you always wanted, the one youād spend the rest of your life in. And when it was done? The money stopped. The job was over. But the responsibility? That stayed with me for a decade.
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For the next year, I poured everything into itāunderstanding your vision, designing, planning, coordinating every moving piece, making sure your dream came to life.
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āRemodel my kitchen.ā I did it. You paid me. Then what? You moved on. But I was still tied to that job, still on the hook for the warranty, still responsible long after the check cleared. So I went and found another project. You said-āBuild me a house.ā
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I got tired of hustling. Not the work itselfāI never minded that. But hustling just to survive? Just to chase the next paycheck, the next job, the next client who needed something built? That was exhausting. I was a contractor.
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