All Forum Posts by: Steve Vaughan

Steve Vaughan has started 27 posts and replied 9949 times.

No origination fees and get to support neighbors in smaller banks/CUs that give back to my community.

0 Votes

If you want to optimize ROE, sell or refinance when the return for an alternative investment is better (all financial impacts included).

Exactly. I sold in '22 when my ROE fell below 6%.
I'd also been a LL for 21 yrs so there's that.

1 Vote

I will consider a 15 if the rate is at least .6% less than a 30.

1 Vote

Columbus, Ohio

Quote from @Jay Hinrichs:

Quote from @David Litt:

@Jay Hinrichs

Jay, this is such a grounded and timeless perspective. It may not be flashy or popular in some investing circles, but it’s incredibly sound. Living within your means, avoiding consumer debt, and focusing on long-term stability over rapid scaling is a formula that’s stood the test of time—especially through economic downturns.

There’s a lot of wisdom in looking to how previous generations managed their finances. Many of them didn’t have access to leverage like we do today, yet they built real, lasting wealth through discipline, simplicity, and patience. Paid-off assets may not cash flow as aggressively on paper, but the peace of mind, flexibility, and resilience they provide can be priceless—especially when markets shift.

Appreciate you sharing this—it’s the kind of “unsexy” advice that often ends up being the most valuable in the long run.

@Steve Vaughan Steve has some if not the absolute best advice for growing a portfolio and living the land lord dream.. the sacrifices one needs to make etc etc the methods he used .. He does not post much anymore but back in the day he was for sure one of my top 3 on BP giving folks that are starting out and did not inherit wealth advice on how to build a lasting portfolio without excessive risk and so on and so forth..

Means a lot to be remembered so highly by you, Jay. Thank you!
I don't have a whole lot to add to this topic as I've been in landlord 'recovery ' since 2022😎

It obviously doesn't apply to folks struggling just to maintain their homes and equity, but a less talked about advantage to having a paid-for home is insurance options. When rates skyrocket or a new flood policy is 'required' you have more confidence shopping around or can self-insure.

Many homeowners say their mortgage went up. Often of course it's actually their insurance premium.

1 Vote

We just went with a US total market fund. We chose Fidelity so FZROX. VTI, VTSAX are the same as mentioned.

Your AI answer seems to only total 80%🤔

0 Votes

Quote from @Joey Wilson:

@Chris Seveney enticed by all the marketing, promoting, and the sounds of amazing returns while the leader lives a great life in Hawaii as a worship leader When does it get considered a scam? Hope his other investors are doing ok. Can't imagine that's the case.

Yeah their sweet life and adventure vanning posts make me throw up.
What about your investors, bros? Are you taking the haircut along with everybody else?
What are you doing about it and why does it not upset you???

7 Votes

Exactly. I sold a community of quads in '22. Most held in an LLC, but 1 owned personally.

The LLC never got/gets bothered but the 1 does. List buyers look like they exclude owned in an entity. Fun fact.

0 Votes

Orange County, California

We all evolve and pivot to our specialty, so congrats Scott.

You were and are a hands on leader that pulls people, in flannel!

So glad you'll still be around!

4 Votes

Denver, Colorado

@Rafael Gonzalez please message me some details if it's still available. Thanks!

0 Votes

Wenatchee, Washington

Quote from @Greg De Ment:

Quote from @Steve Vaughan:

Technically central WA is Inland NW, not PNW🤔. But thanks for the mention @Jay Hinrichs

I'd invest in my backyard, outside the city of Seattle. Too many pro-tenant RCWs.

The key for me wasn't to invest in the 'best place' but to know a market so well that a deal jumps off the page when it appears. You will recognize it because you will know relative value.

While a western WA deal might not meet some Midwest cf metric like 1%, it will be above the market cap rate or below FMV of comparibles and give you options.

We best do that in our backyard or own sandbox.

Hello, backyard is what we did. My two sons and I bought a building lot in Tacoma with the intention of building a rental portfolio or possibly sales on the affordable side of the spectrum. The new density regulations will allow up to 10 units on the 10,000 sq ft (100x100) lot.We have added value by clearing and clean-up, and have done almost all of the due diligence on the development questions, but need a lendable partner to get it to the next level. I am a building, plumbing, mechanical, and utility contractor with 35 years experience, and they are tradesmen as well. Any ideas would be appreciated.

Thanks

Greg De Ment

If you own the lot free and clear or have other RE you can use as collateral a local community bank / CU would be my first choice. Need a business plan.

2nd choice would be BDC lenders. These often pay 10%+ divs to their equity/stock investors though so you know their rates are up there.

Sounds like a great project to undertake with your boys!

0 Votes

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All Forum Posts by: Steve Vaughan

Steve Vaughan has started 27 posts and replied 9949 times.

Post: Why do some Investors prefer direct lenders over broker shops?

Post: When Is It Actually a Good Time to Sell Real Estate?

Post: 15 year vs 30 year mortgage

Post: Equity, Stress, and the Silent Struggles of Today's Homeowners

Post: UTMA investment options for our first born

Post: Open door capital scam???

Post: Do investors really hate being cold called?

Post: Thank you, BiggerPockets! On to a New Chapter

Post: Great for a Mid Term Rental

Post: Most Recommended Place to Invest in the PNW