Turning $10k into $225k
“It takes money to make money.” Sure, but how much of that has to be your own money?? Leverage is a beautiful thing.
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Patrick Menefee
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Patrick Menefee
- Jan 31
- 4 min
The Enemy of Who Not How - Overcoming Entrepreneurial Arrogance
When we hear the concept of finding a “who” instead of figuring out a “how”, it’s music to our ears right?
Well then why is it so damn hard?
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Patrick Menefee
- Jan 23
- 3 min
Conditioning or Choice? The danger of doing what you're "supposed to do"
Stick it out.
Don’t quit.
I made a decision to start a house flipping business, so success is my only option right? I don't quit
24 views0 comments
Patrick Menefee
- Jan 19
- 4 min
The Rise & Fall of My House Flipping Company
As I paced the living room on that Sunday afternoon, talking over the situation with my wife, there was only one real solution
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Patrick Menefee
- Jan 4
- 6 min
Step Aside Covid! 4 Lessons from the Most Disruptive Year of my Life
We always hear about how 2020, the year of Covid, was the most life altering year ever.
I disagree.
42 views0 comments
Patrick Menefee
- Aug 1, 2022
- 2 min
The Hidden Benefits of a 1031 Exchange
The 1031 exchange is an extremely powerful tool in your tax arsenal, and I think it’s even a little more powerful than people realize
66 views0 comments
Patrick Menefee
- Jul 15, 2021
- 7 min
Profit...At What Cost?
Your brand and your reputation are the most important thing to your business. I'd rather be known for fantastic flips and be less profitable
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Patrick Menefee
- Feb 4, 2021
- 5 min
Bank St BRR-lip | Are You Tracking Your ROE?
In real estate we often talk about cash on cash return, which is how well our cash is performing, but talk less about return on equity. That
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Patrick Menefee
- Dec 30, 2020
- 6 min
5 Lessons From My First Finished Flip!
Remember when they told you that your network is your net worth?
I don't know who "they" is, but they're absolutely right!
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Patrick Menefee
- Nov 14, 2020
- 6 min
First Flip Failures - 9 Lessons That Created the Nightmare on Newell
Mistakes, while painful in the moment (and maybe for a few lingering moments as well), are only truly bad if you fail to learn from them
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Patrick Menefee
- Oct 29, 2020
- 6 min
Completing My Very (im)Perfect BRRRR!
The beauty of the BRRRR strategy is that it still works, even if you change the order a bit like I did!
109 views0 comments
Patrick Menefee
- Oct 13, 2020
- 5 min
Flip #2 - Learning From Past Mishaps!
This property brought together the quintessential elements of an investment acquisition - a wholesaler, hard money, and contractor trouble
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Patrick Menefee
- Oct 13, 2020
- 4 min
Making the Switch - Tackling My First Flip!
After a year of focusing on rental cash flow, I realized it was time to add flipping to the business model if I was to continue growing
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Patrick Menefee
- Jun 7, 2020
- 3 min
Seller Financing, a BRRRR, and 14 Units Under Contract!
I don't know if you're aware, but I love multifamily properties. A lot. So it's time to pick up a few more!
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Patrick Menefee
- Jun 4, 2020
- 4 min
Statesville Update - BRRRR Officially Complete!
I was introduced to the BRRRR concept as I began learning about real estate investing. Fast forward 18 mo and my BRRRR was a huge success!
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Patrick Menefee
- Jun 3, 2020
- 5 min
Brown St Duplexes - 3 Themes in a Successful Deal
The lessons from these three themes are what allowed us to successfully close the deal. Apply them them to your business!
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Patrick Menefee
- May 8, 2020
- 3 min
Gastonia Quad - 99 Problems and a Rehab is Most
It's been 2 months since #toiletlady moved out of Unit 3 in my fourplex, and the other tenant was out of Unit 2 shortly after. To say...
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Patrick Menefee
- May 7, 2020
- 3 min
Statesville Update - The Longest Rehab, a Lesson in Coordination
The entire goal of this property and rehab was to subdivide, improve units, and get all 6 stabilized to complete the partial BRRRR
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Patrick Menefee
- May 5, 2020
- 3 min
Rent's Due! April Rent Analysis
When the beginning of April rolled around with the economy reeling from Covid-19, the question at the forefront of any landlords mind was...
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Patrick Menefee
- Apr 29, 2020
- 5 min
The Most Important Concept you Forget - Sunk Costs!
"A cost that has already been incurred and that cannot be recovered" is the way it was defined by a Britannica article
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