All Forum Posts by: Andre O.

 Jeff,

Thank you so much for this!! I have began researching treasury bills and will open up a direct treasury account soon.

At the moment 4-week T bills are at 4.53% returns… Your post has helped to allow me to educate myself on treasury bills, their different products, maturity rates, etc… 

Will likely be moving from a HYSA to T-Bills soon as I don’t need the capital anytime soon. Lots of Research time (love learning!) Thank you again!!

Hi Bill,

I do occasionally get this error. Most times when it displays 1 page I end of leaving the site. I am on mobile.

 Hi Carlos,

Are you looking at north Austin? I see 19 sold units in the past 90 days. Then clicking how many available and it’s looking like hundreds. I’m not so sure.

 You may be right but I’m not convinced.

Last 30 days sales have zero units recorded around the particular area of Barton hills/bouldin creek/Zilker/Travis heights in the 200k-1.25m range.

Three units sold in all of south Austin during this time from what I can see. Zooming out to last 90 days, only three units sold in that particular area listed above. Now filter through inventory available there is currently 50+ for sale in that  area.

Personally the risk to purchase currently is greater than the risk of sitting on the sidelines for 12 months sitting pretty, close to zero expenses accumulating more cash. That’s my perspective but who really knows how this will all play out.

 There are other places asking $1900/month so it really depends on the individuals needs and property! But zoom in the Zilker area, there is quite a lot of inventory both for sale and for rents from what I can see. Will check out some of these reviews to get some further knowledge on what others experienced with bask. Thank you 

Edit - Upon initial research, it seems some of the complaints for Bask are due to having to wait ~4-5 business days from the day the transfer is requested, to the transfer being cleared. After reviewing Marcus, it appears they offer 3.75% APY with next day transfer up to $100k. 

 Hi Jason,

You are right at the moment they are at 4.05%.

In Austin, TX I am seeing 2 bed 2 bath rents for ~$1600 month in prime areas around Zilker/Barton Springs. With 500k your returns are approximately ~20k annually. 500k is actually less than the properties in that area at the moment. Most are listed for 750-800k from what I can see. To me it’s a no brainer with our economic environment, even though no one can predict the future.

I am not familiar with bask, but would be interested in hearing your thoughts as to why you do not recommend them. Thank you!

 Good luck Bob! I love it here but am single, and the majority of my peers are 15-30 years older than me :). It has served me quite well learning from those more experienced, but the dating scene is a bit difficult due to the age demographic so this is one big reason for moving.

South Florida is holding pretty strong compared to other places, but I am seeing 5-10% price drops. Keep at it, and I wish you the best of luck!! Hoping you find a great deal down here. This place really is incredible. I will come back in 20 years and get a place here.

 Hi Steve,

I’ve been following your journey for a few months as I browse BP often but do not post much! Congratulations on your incredible run and incredible timing with regards to exit!

Right now I am using Wealthfront. You begin earning interest the same day you transfer a deposit — even though the deposit takes 3-4 days to transfer. This is their cash savings account. There are 0 fees whatsoever (I called their customer service line and asked 8 different times in 8 different ways to be absolutely sure). You do not have to use any debit cards or anything like this, and you do not have to leave your money in their locked up for ‘X’ period of time like bonds.


PLEASE NOTE*** - They do also offer an investment product where you can transfer money in there, and they will manage your “portfolio investment” for you, and take a management fee for doing this. To be clear —- THIS IS NOT REQUIRED AND I PERSONALLY DO NOT RECOMMEND IT.

My intuition tells me that their cash savings account is a break-even or loss leader product for them, and where they make their money is getting people to sign up for the extra feature of the investment savings account under management. (Which I personally don’t recommend). 

Currently living in South Florida. Love it here but looking to relocate to an area with a younger age demographic. Austin, TX is down 20-30% from peak asking prices and I don’t see it getting better with the current environment signaling higher interest rates to come.

Currently parked some capital in a high yield savings account that is yielding 4.05% returns risk free — FDIC insured up to 1 million! The returns are compounded monthly and payed out monthly, will literally pay for my renting expenses!

Cash buyers: Know you have options to get a pretty decent return that is risk-free! Don’t feel pressured to buy at these prices to interest rates. Just rent for free with your returns and once the price corrects — jump in and capitalize on the opportunity!

What are some cons to house hacking a 3/2/1 car garage townhome? It will be located 10 minutes from the beach. I will occupy one bedroom and one private bath. The two tenants would occupy one bedroom each and share a bathroom.

The tenants will be heavily screened and there will be strict house rules to abide by. If they choose to rent a room these will include:

No drugs, alcohol, smoking, pets, or guests allowed. One person per room. Must be clean, quiet, respectful and working professional. WFH applicants will not be accepted.

The plan is to buy a townhome in cash and execute the above strategy. With the above plan executed for one year, 10-15 years of financial runway will be secured (at current scenario).

Three years executing the above plan should allow for another home to be paid for in cash. This townhome will then serve as a long-term rental for a family while I move into the new home.

In college every roomate I had was an excellent experience. From day 1 we all met, got together to place house rules. This included not leaving a single fork in the sink ever. We were all clean quite and respectful. What course of action do I have if a tenant is a nightmare and needs to be removed for not respecting the agreement they made to abide by? Any tips from those who have implemented this strategy above? Thank you!