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Corey Petros, CFP® Profile
Corey Petros, CFP®

@coreypetros

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Follower of Jesus | Husband | Dad | Retired Financial Advisor | Real Estate Investor $20m in Real Estate Acquired Between Single Family and Apartment complexes

Joined August 2011
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@coreypetros
Corey Petros, CFP®
1 year
I’m 30 Financially free through real estate. Buying single family homes and apartment complexes. I officially RETIRED / walked away from my high paying financial planning job two weeks ago! This real estate journey started 2 years ago. I’m married with 2 young kids. 👇🏻
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Corey Petros, CFP®
6 months
An easy way to get your kids ahead in life: pay my child $12,000/yr, which I write off $6,500/yr goes into their Roth IRA $6,500/yr goes into a brokerage account for them (UTMA Account) Teach your kids young and the way they should go because school won’t teach them this.
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Corey Petros, CFP®
1 year
We officially closed on our 54 unit apartment complex today!! I will share more of the details soon!
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Corey Petros, CFP®
1 year
@FitFounder 10-15 minutes of stair master every workout then 30 mins of lifting weights is the key. Been doing this 5x per week for the past 1 year. Life changing.
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@coreypetros
Corey Petros, CFP®
1 year
I am am so thankful for my family - Life is short so we prioritize making family memories and travel - My kids are growing up in a household that loves them deeply - Mom & Dad are so in love with each other and they see a HEALTHY marriage - They know Jesus which is #1 for us!
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@coreypetros
Corey Petros, CFP®
2 years
How to acquire your first rental property step by step: We buy homes on average for around $100,000 with 15% down which will be all in about $22k with closing costs.
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@coreypetros
Corey Petros, CFP®
1 year
We are buying our first Airbnb property in up north michigan. I want to break down the numbers • $700k purchase price. • 20% down ($140,000). We decided to use a commercial loan since rates were lower. Our rate is 5.6% This property will be rented in summer and winter:
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@coreypetros
Corey Petros, CFP®
8 months
How much monthly income do you need to quit your corporate job? Let’s say it’s $10,000 per month? Here’s how you do it through real estate (I retired from the corporate world through real estate):
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@coreypetros
Corey Petros, CFP®
1 year
Do you listen to Dave Ramsey’s advice? I think he has great advice for people who can’t pay their bills on time. But awful advice for people who know how to manage their money and invest.
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@coreypetros
Corey Petros, CFP®
9 years
I want to thank everyone who has supported me along the way here at Oakland. Thank you Oakland, the coaches, and the fans for my time here.
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@coreypetros
Corey Petros, CFP®
8 months
It’s a blessing being a dad! I used to work 50 hours a week in the corporate world while building a real estate business on the side I have officially been retired from the 9-5 job and only work a few hours a day through building a real estate portfolio Now more family time!
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@coreypetros
Corey Petros, CFP®
4 months
Backdoor Roth conversions are one of the best loopholes for high income earners. But 98% of people don't know how to do it correctly. Here is all you need to know:
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@coreypetros
Corey Petros, CFP®
1 year
Just put an offer in on another Airbnb up north michigan. A break down of the numbers: - purchase price we wrote for $150k up to $175k escalation clause. This is $25-$50k over ask. - home needs about $10k of work to get rent ready. Now the numbers…👇🏻
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@coreypetros
Corey Petros, CFP®
8 years
First place!!! Won the Bulgarian cup!!! Ayyeeee #Godisgood
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@coreypetros
Corey Petros, CFP®
9 years
First NBA workout in the books! Thank you Houston Rockets! All glory to God. Blessed to have this opportunity. http://t.co/x2ArGd8W5S
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@coreypetros
Corey Petros, CFP®
1 year
We just closed on our 54 unit apartment complex. Here is the breakdown and the plan: Purchase price: $4,000,000 Invest into property: $200,000 Planned sale price: $7,700,000 Hold Period: 3 - 5 Years Here's exactly how we are doing it:
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@coreypetros
Corey Petros, CFP®
2 years
We are purchasing a 26 unit apartment complex with no money out of our pocket… 25 total units - 21 apartments and 4 retail spots below. $2.4m purchase price with $925k seller financing.
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@coreypetros
Corey Petros, CFP®
1 year
Dave Ramsey: Great for people who are bad with money and debt. Bad for people who are good with money and know how to leverage debt. Agree or disagree?
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Corey Petros, CFP®
8 months
@DevotedDividend Be careful! Focus on the total return not just dividend. SCHD is down ~5% YTD (including the dividend). While the s&p 500 is up 20% for the year. That’s a 25% difference….
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@coreypetros
Corey Petros, CFP®
1 year
I’m 30 years old Financially free through real estate investing and retired from the corporate world We have purchased over 50 single family homes and 3 big apartment complexes We also mentor/help people build their own portfolio This is how I spend my Monday - Friday now:
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@coreypetros
Corey Petros, CFP®
5 months
How people get stuck in corporate world: $80,000- College $30,000- Wedding $400,000- Home $40,000- Car You get trapped in your 20’s so you have to spend the next 35-40 years working a corporate job to live off a 401k Consumer debt is a problem for most people. This
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@coreypetros
Corey Petros, CFP®
7 months
You don’t always need 20% down for an investment property: How we purchased a 30 unit apartment complex for $0 of our own money and have $900k of equity within 4 months! Crazy story that anyone can utilize:
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Corey Petros, CFP®
6 months
People who have a mortgage at 3% or lower…don’t pay it off. Idk who needs to hear this. You can invest that money and make 10%…that’s a 7% difference
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Corey Petros, CFP®
8 months
God didn’t make us to sit behind a desk for 40-50 hours per week. If you are trying to be financially free from the corporate world, then read this:
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@coreypetros
Corey Petros, CFP®
11 years
Great team win tonight!!! Shout out to all the Oakland fans that were there tonight!!
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Corey Petros, CFP®
2 years
Marriage is amazing. Last night my parents took the kids for the night. My wife and I did a Bible study and talked about our future/dreams and just hung out. Loved every minute.
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@coreypetros
Corey Petros, CFP®
6 months
$200,000 invested into S&P 500 index funds could get you $16,000 per year assuming an 8% return. Or $200,000 could buy you 7 rental homes (15% down mortgages). Where you net cash flow ~$300 per home, plus mortgage paid down monthly by the tenant, plus appreciation. Annual
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Corey Petros, CFP®
8 months
If you want to be financially free at a young age then don’t put all your money in a 401(k) or Roth IRA where you can’t touch it until age 60. Instead invest in cash flowing real estate or start a business to get out of the corporate world. Freedom is in cash flow.
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Corey Petros, CFP®
9 years
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Corey Petros, CFP®
10 years
Great win tonight against Detroit!! Thank you to all the fans who came out and supported us! Attendance was great!! #sweepdetroit
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@coreypetros
Corey Petros, CFP®
1 year
An easy way to buy rental properties with no money out of pocket. A process called delayed financing… Most lenders don’t even know about this, but it’s available to everyone!! Let’s jump into it:
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Corey Petros, CFP®
6 months
I have met couples who make $200,000/yr and live paycheck to paycheck. I have met couples who make $80,000/yr who are going to be retiring 40's and save a ton of money. There’s a lesson in this…
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Corey Petros, CFP®
9 months
We officially closed on our 24 unit in downtown Lake Orion, MI! (21 apartments and 3 retail). This deal took about 9 months to finally get to the closing table lol We love this property because it’s close to home and right downtown by all the good restaurants and coffee shops!
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Corey Petros, CFP®
9 months
I became a millionaire by 30 through real estate And quit my high paying W-2 job Here are 5 decisions I made to get rich without my 9-5
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@coreypetros
Corey Petros, CFP®
1 year
I want to break down a real estate deal we did recently. We purchased a single family home for $121,000 that needed work. The comps for a similar home were $240k. So we knew if we fixed this up we could cash out refinance and get free money from the bank.
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@coreypetros
Corey Petros, CFP®
1 year
Everyone needs to let go of what people think of you. Start seeing yourself on how God sees you and created you. The rest in life will take care of itself.
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@coreypetros
Corey Petros, CFP®
2 years
I’m a former D1 basketball player and retired professional basketball player. I now invest in real estate and do financial planning (I do it for a living) helping people with their financial future. My investment journey:
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@coreypetros
Corey Petros, CFP®
10 years
Every NBA team needs a great shooter. So why not draft the best 3 point shooter in college history! @DarthBader3
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@coreypetros
Corey Petros, CFP®
1 year
• Read the Bible daily • Pray daily • Drink water • lift weights • Get 7-8 hours of sleep • Get in the sun • Eat a high protein nutrient dense diet If the average person did this for 6 months their life would change.
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@coreypetros
Corey Petros, CFP®
1 year
Retiring from the corporate world was the best thing. It allowed me more time to focus on the important things that God has for me. 1. More family time. I spend every morning with the kids and drop them off and pick them up from school.
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@coreypetros
Corey Petros, CFP®
1 year
What’s one thing in life worth spending top dollar on? Myself: A mentor and family vacations
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@coreypetros
Corey Petros, CFP®
2 years
Why I love real estate? With $25,000 you can buy a great rental home worth ~$100,000. The gross annual rental income for the home is $18,000 a year. Even a small portfolio can be life changing for many🏡
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@coreypetros
Corey Petros, CFP®
1 year
How buying your first rental property can change your life. We bought our first rental property in April of 2021 for $90,000. We thought we would buy 1 per year. That quickly changed when we saw how we can be financially free quickly. We have purchased over 75 doors now!
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@coreypetros
Corey Petros, CFP®
2 years
Staying disciplined with a grateful heart daily matters. Every morning I wake up at the same time and do the same thing. - 5:30am wake up - Read Bible and pray - Go to gym
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@coreypetros
Corey Petros, CFP®
1 year
Marriage is a superpower in life. Having a healthy marriage will 10x your life and have a such a positive impact on your kids. Last year we hosted a marriage retreat for young newly married couples. We spent time on the spiritual aspect in prayer and Jesus and practical:
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@coreypetros
Corey Petros, CFP®
1 year
How I prioritize my life: 1. Relationship with Jesus/myself 2. My relationship with my wife 3. Pouring into my kids and being a loving present dad 4. Relationships with others/my business
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Corey Petros, CFP®
1 year
Don’t follow the “American Dream” $100,000- College $30,000- Wedding $40,000- Car Buy a cheap car and house in your 20s. Live well below your means and buy assets that produce income to then buy the nice things you want. Invest in yourself first before material things!
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@coreypetros
Corey Petros, CFP®
11 months
We officially closed on our 30 unit apartment complex in Michigan! We are pumped for this one since we purchased it for $1.6m and it appraised for $2.1m. Instant $500k of equity! If you are interested in building a portfolio or potentially investing with us let me know!
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Corey Petros, CFP®
8 months
We just just got an offer accepted on an off market 40 unit apartment complex in Grand Rapids, Michigan. Deal sourced through a relationship with a broker. Break down:
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@coreypetros
Corey Petros, CFP®
1 year
Recent deal we just got accepted with no money out of pocket. 30 unit apartment complex • 8 2 bed / 1 bath • 22 1 bed / 1 bath • purchase price $1,600,000 • down payment: $400,000 (25% down) All ranch style apartments Breakdown how below:
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@coreypetros
Corey Petros, CFP®
2 years
I started a real estate investing company with a great friend a year ago. I am going to start sharing how we got where we are today. Since last year we purchased over 25 single family homes/duplexes and we are closing on a 54 unit apartment complex. I want to help people invest!
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@coreypetros
Corey Petros, CFP®
1 year
I’m 30 years old and financially free through real estate investing. 10 things I learned a long the way
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@coreypetros
Corey Petros, CFP®
1 year
Just finished leading a men’s Bible study at church. One big thing that came out if it…As men in our household we have to know the authority we have in Jesus to lead our family. It’s starts with us men.
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@coreypetros
Corey Petros, CFP®
6 months
First time home buyers are in a tough spot given interest rates Here’s my recommendation for first time home buyers to really get ahead Don't buy a single family home as your first home. Instead buy a 2-4 unit home, use ~5% down & get a 30 year loan. Live in one unit and
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Corey Petros, CFP®
1 year
@FitFounder - wake up early - hit the gym first thing in the morning - eat 1g protein per body weight. The rest will take care of itself.
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Corey Petros, CFP®
2 years
How real estate will pay for my kids college through a small rental home. True example below from a $100,000 home.
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@coreypetros
Corey Petros, CFP®
1 year
Build a 100 day plan for your goals and audit yourself weekly. What I audit: - my health/fitness/diet goals - my personal finances - my business goals Write down your plan and hold yourself accountable to it. Your life will change after those 100 days.
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Corey Petros, CFP®
1 year
Tax Tip: If you own a business and have kids under 18, you can pay them $13,850 tax-free & deduct it from your business Your child will owe $0 in federal taxes & you legally avoided tax on $13,850 They can invest $6,500 in a ROTH IRA and invest in an UTMA account (brokerage).
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@coreypetros
Corey Petros, CFP®
9 years
Officially done with my MBA! God is good!
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@coreypetros
Corey Petros, CFP®
1 year
Tax Tip: If you own a business and have kids under 18, you can pay them $13,850 tax-free & deduct it from your business Your child will owe $0 in federal taxes & you legally avoided tax on $13,850 They can invest $6,500 in a ROTH IRA and invest in an UTMA account (brokerage).
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@coreypetros
Corey Petros, CFP®
1 year
I might get a lot of pushback for this, but I strongly believe this. Poverty is a mindset and MOST people who live in poverty decide to stay that way. They see wealthy people and think everything was handed to them. Get out of the poverty mindset and trust God.
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Corey Petros, CFP®
1 year
How we have increased our 54 unit apartment complex value by $685,000 in only 3 months Recap: • Purchased on 1/31/23 for $4.2m • rent roll at closing was $38,000. Our current rent roll is now $42,000. That’s a $4,000 profit extra per month… The value now👇🏻
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Corey Petros, CFP®
10 months
Make sure you and your spouses goals align. Make a family plan and write the vision down.
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Corey Petros, CFP®
8 months
We just closed on another home that we are going to STR (Airbnb). - Purchased for $575k in Harbor Springs, MI - You can see the skiers going down the ski mountain from your living room or hot tub! - 1 minute away from the other ski resort - Best golf in MI Our analysis:
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Corey Petros, CFP®
2 years
It’s important to always still date your spouse. My wife snd I try to do a date night once a week and a no kids trip 1-2 times per year. Tomorrow we fly to Scottsdale (no kids) to get away and spend quality time together, dream together, and talk about our family goals.
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@coreypetros
Corey Petros, CFP®
8 months
Ever wonder how the wealthy get wealthier during a recession? Here’s how:
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@coreypetros
Corey Petros, CFP®
9 years
Oakland is really going to beat Michigan State today...
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@coreypetros
Corey Petros, CFP®
1 year
@FitFounder Dieting and lifting weights will solve 90% of people’s health and mental problems. 100% true. Since I got disciplined on my diet and workouts I see how much energy and mental clarity I have. Never changing!
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Corey Petros, CFP®
8 months
How to prepare for a Recession? Cut lifestyle costs, save extra money, get ready to buy the dip and invest in cash flowing assets when they are cheap. Recessions can be a blessing if you’re ready for it. This is how the 1% make millions from recessions.
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@coreypetros
Corey Petros, CFP®
1 year
Buying real estate got me financially free in two years! Pretty crazy to think about. Part of our business is helping people build their own single family home portfolio! If you are interested and you have liquid assets to buy homes then shoot me a DM!!
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@coreypetros
Corey Petros, CFP®
2 years
The real estate world’s biggest barrier to entry isn’t capital. It isn’t experience or knowledge. It’s finding a great mentor and get them to teach you and open up their network to you. It’s the greatest hack.
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@coreypetros
Corey Petros, CFP®
7 months
One big tax loophole for high income earners (or anyone) Airbnb short term rental. Buy a property to be a short term rental. Manage it yourself with a certain number of hours and do a cost segregation study on it to accelerate the depreciation. Real Example:
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@coreypetros
Corey Petros, CFP®
10 months
We just purchased a 30 unit apartment complex for $1.6m this month. The appraisal came back…$2.1m!! $500k of instant equity. How we found this deal:
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@coreypetros
Corey Petros, CFP®
8 years
Truly blessed to be invited to the Bulgarian all star game! Thank you everyone who voted for me!
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Corey Petros, CFP®
6 months
If you get into real estate and either invest a lot of time or capital at 30 you're likely a millionaire by 35. There’s more people I met who got extremely wealthy from real estate than any other business or corporate job.
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Corey Petros, CFP®
1 year
Once you have a family you realize why God created us. He’s a relationship God who wants to have a deep friendship with us.
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@coreypetros
Corey Petros, CFP®
1 year
We are looking to help 4 people who are serious about investing in real estate We will give you the exact playbook we used to: • Buy over 40 single family homes • Buy 3 apartment complexes (108 doors) • Leave your 9-5 jobs All within 2 years DM "mentorship" if interested
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Corey Petros, CFP®
6 months
There’s always a debate on rent vs buy a home I’m 99% of the time in favor of buying It can cost more upfront but in the long run you are usually always better off Build equity, pay down principal, and receive appreciation Even with rates high. “Date the rate, marry the home”
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Corey Petros, CFP®
6 months
Why I love multifamily real estate? How I can pocket ~$400k in my pocket tax free in 6 months. Multifamily property is based on the income it produces (like any business). Being the owner you can run the property to increase the income and lower expenses “NOI”. Real life
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Corey Petros, CFP®
1 year
I helped hundreds of people become financially free through financial planning/real estate. Question for everyone - what’s holding you back from setting yourself up to be financially free early in life and not waiting until 60?
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Corey Petros, CFP®
1 year
Want to build a single family portfolio? Find an area that will give you 1.5x rent to purchase price. For example, if you buy a home for $100,000. Try to get rent for $1,500. This is the exact market I invest in, and it is not a bad area.
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Corey Petros, CFP®
2 years
An easy way to get into real estate? Buy a 2-4 unit home. Use 3.5% down & a 30 year loan. Live for free or cheap by living in one unit and renting out the others! Save money to buy the home you want and turn that 2-4 unit home into all rentals! 🏡🏡
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Corey Petros, CFP®
1 year
What to be successful in real estate? Hire a great property manager or be a great property manager for your properties. We self managed our properties in the beginning and we were very hands on. We have now turned it over and have the same expectation. How we find deals…
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@coreypetros
Corey Petros, CFP®
1 year
Everyone wants to be financially free but most people don’t know how to get there. 1. Figure out your total income and accurately track your expenses. If you use a credit card (which I recommend if you can pay it off monthly) they will track to for you.
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Corey Petros, CFP®
1 year
Schools need to teach financial literacy • investing in stocks and bonds • budget • mortgage • credit cards • good debt and bad debt • how to gain and keep a good credit score. • saving for retirement. A long list that doesn’t get taught in schools.
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@coreypetros
Corey Petros, CFP®
1 year
Biggest life hack especially if you are married with kids: - wake up before everyone else. 5:30am - read the Bible and pray - go to the gym and workout How you start your day is so important.
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@coreypetros
Corey Petros, CFP®
1 year
@FitFounder - Wake up at 5:30am every day - read the Bible and pray - go to the gym - first cup of coffee 90 mins after I wake up
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Corey Petros, CFP®
1 year
What separates people from becoming financial free or not? LIFESTYLE CREEP! If you continue to increase your spending when you make more $, you'll be rich in things but never free! Instead, invest in cash flowing assets and use that cash flow to pay for the items you want
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Corey Petros, CFP®
1 year
The more generous you are with your money and time the more you will receive. “Give freely and become more wealthy; be stingy and lose everything.” Proverbs 11:24
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Corey Petros, CFP®
2 years
Everyone needs a mentor
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@coreypetros
Corey Petros, CFP®
1 year
What you quickly learn in real estate is that no one cares more about your property than you. Real estate isn’t passive. You have to be active in it to succeed.
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@coreypetros
Corey Petros, CFP®
10 years
Excited for team 48! We are going to be a great team! Can't wait for the rest of the season!!
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@coreypetros
Corey Petros, CFP®
6 months
Unpopular opinion, but it’s the truth. Stop with the dividend investing. Too many people focus only on increasing the yield of their portfolio (dividends & interest income) and don’t focus on total return. People looking at a 10% dividend but it’s only up 5% (total return
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Corey Petros, CFP®
2 years
Being a dad is the best. That’s why I always talk about freedom of time. I got to spend all day with my kids today and it’s such a blessing. They now know how to negotiate. For 2 kisses and 3 hugs I have the privilege to pull them on a blanket for an hour lol.
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Corey Petros, CFP®
6 months
I was a financial advisor to some of the wealthiest people for a while before retiring from the corporate world through real estate. Some rule of thumbs I live by when it comes to financial planning: - don’t let your rent or mortgage be more than 20% of your income - you
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@coreypetros
Corey Petros, CFP®
8 months
If someone handed me $1,000,000, this is how I would invest it today: - buy 10 single family homes with a 15% mortgage. $30k down. $300k total. - $500k (20% down) on a $2,500,000 apartment complex - $100k in a cash flowing Airbnb - $100k in an index fund What would you do?
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Corey Petros, CFP®
1 year
Why I absolutely love real estate: If you would have bought 10 rental homes at median price in 1970 with 20% down it would have cost $40,000 in cash. • in 1980 those houses would be worth $600,000. • In 1990 those houses would have been worth $1,200,000 In 2000… 👇🏻
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@coreypetros
Corey Petros, CFP®
1 year
You want to build generational wealth for your family? Follow these steps: - don’t go into bad debt (credit cards) - set a strict budget and stick to it. - invest all excess cash into assets. This can be stocks, start a business, real estate.
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@coreypetros
Corey Petros, CFP®
2 years
I’m excited to share my story of how I built a large real estate portfolio while still working a 9-5 job as an established financial advisor:
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@coreypetros
Corey Petros, CFP®
1 year
Why I love a taxable brokerage account to invest in: • tax efficient (capital gains) and tax loss harvesting • full flexibility - can take out money whenever you want • can grow tax free until sale • make charitable gifts from appreciated stock I love this account
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