All Forum Posts by: Beck H.

 That's a good point.  I have some foundations things looming and had a gutter guy come, and a foundation guy, and I feel like I'm going to give the gutters a try because the downspouts aren't going 7 feet from the foundation, the gutters are leaking in some places, etc.

It's going to cost about 2.5k to get them done, but better than the sump pump quotes!

Hello all.

I was doing some sleuthing on the net and couldn't find an answer to this so thought I would do a post. I think the crux of it is that I have the money to buy a single family house in my city (KC) for cash and do the BRRR method and look for infinite action. But then I'm also wondering if puting 20-30% down an a Multi-family fixer would be better?

I'm not trying to be a mogul, just trying to dial in my retirement situation (I'm a teacher and the pension is looking light at this point and I don't have social security). I'm leaning towards just having a few rental properties by the time I retire, however having the cash to start an infinite BRRRR scheme seems like something I may regret not doing.

Let me know what you think!

That's a really interesting idea!  I'm going to have to keep that in mind.

Hello all!

I am sitting on enough money to buy an investment property in the next year or so.  But I just started a job that offers a Roth 403b option AND a Roth 457.  As I understand it, I can max out each one for a total of about 45k next year (and as much as I can put in for the rest of this year).  

So I'm starting to think that maybe I should have my paychecks fund these accounts for the next bit of time, and then use my downpayment money to fund my life (i.e. my paychecks may be like $300 each month after money being sent to the retirement accounts).  Then when my downpayment money runs out, go back to receiving normal paychecks and have like 60k in Roth accounts that I can transfer to my personal Roth when/if I separate service, and I can buy any stocks, dividends, trade options, and never get taxed (unless the government changes things).

I am still trying to run some numbers, and it's a tough idea to wrap my head around, so I thought I would ask y'all.  Don't roast me if I'm totally missing some basic reasons why this is a bad idea!

Similar to what Bonnie mentioned about baths, I would add that it says 'dedicated bathroom' underneath the photos which as a recent one month Airbnb booker, I was looking for, but then in the description it says shared bathroom.  I can tell you that some things like that pushed me away from similar listings like yours (with multiple guests) where I wanted to be 100% clear about what I was getting in this shared property setting.

Three times to see an apartment seems like a giant red flag.  I've lived in a bunch of places and have never seen a spot more than 1x. Even when I bought my first apartment I only saw it once.

This is a good thread.  Giving me some food for thought for future tenants and leases (...or month to month!).

 Thanks a lot for putting this together!  I am looking at markets in about 4 states in the that area and KCMO is popping out to me for many reasons.  So I'm glad to see this post come up.

Weekends are better for me.  Morning or evening.

 I've had this same question the last few days as I figure out next steps.  Have done some Googling, but glad you asked.  Following!

@John Morgan  Sounds like you made it happen.  I'm still learning all the numbers and don't understand how you basically got the money free and clear.  Is it that the 1200/month original cash flow is now paying down the refi, and then tenants on the other 3 properties are paying down those loans?

Thanks!

Hey, I'm in a similar situation as you, but living out of country now after growing up in Cali.

I would say that from the research I've been doing recently, I just took the Tampa Bay area off my list, and probably Florida too.  Besides traffic, and natural disasters, I've been hearing about how expensive the insurance is and how tons of insurance companies are going out of business, etc.  

So i'm looking more around where you are these days. One Youtuber named Nick Johnson has been helping me get a feel for cities and neighborhoods.  He keeps it real!

Good luck.

Yeah, the credits and exclusions are nice.  I'm glad to hear you haven't looked back since returning to the States!