All Forum Posts by: Benjamin A Ersing

@Benjamin A Ersing

Best place I've ever been to speed-fly / speed-ride (skis) is in the french Alps.   My very favorite spot so far is Les trois valleés (the three valleys), but you can find awesome flying anywhere in the Alps.  My second favorite is Mt. Titlis in Engelberg, Schweiz. 

@Gavin D. @Jon Schwartz let me say kudos to both of you for a very healthy conversation!

Transparency, I am a cash flow guy and look to build long term wealth with solid monthly income. So I like my Midwest market of Dayton OH where I live and invest.

With 100k, I would advise my clients to purchase 4 value add quads. We can buy quads for 80-100k that just need rents raised and freshened up all day long. So 100k is plenty to do that with. And.......it’s easy to REFI and pull cash out. Here is rounded numbers but ideal for my clients I represent as their realtor. If we can be all in on a quad for 80-90k, that’s puts us close to 20k to close. Rents raised to market and just some simple sprucing up, we can refi these at 120k appraisal and pull 75% out with fully amortized 30 year. Pulling 90k out on refi pays off initial loan and cash in, so we have 0 cash in at this point. These properties will positively cash flow around $1200 a month. So very doable is 4 quads and we will have close to $5,000 cash flow per month. If things go well, very easily we could do a fifth quad within 2-3 months and months 6-8 we can cash flow a little over $6,000 per month! This is easy

But Wait.........you pulled all of your cash back out, so let’s rinse & repeat!!!!!!! So I’m 12-16 months, with hard work could we cash flow over $12,000 per month? absolutely and we are left with our original 100k.

Or another scenario if we have a solid stock market, let’s put that 100k in a diverse portfolio and pull a credit line against that 100k. Most will give you 60% credit line at 4%, so let’s take that 60k credit line and lend to ourselves and 3 quads to start. Our 100k will not be affected and will continue to grow as long at the return is higher than our 4% interest credit line. Again, rinse and repeat!

I have hundreds of doors here and followed both these scenarios in different scenarios many times!

My numbers are rounded for ease, but very close to accurate and what’s doable!

LA is tricky, expensive, not landlord friendly and speculation at best, so I think you know where I stand

My wife, skiing, speed-flying (little parachute with skis), BASE jumping, skydiving, paragliding, surfing, shooting, drinking, traveling, climbing, Muay thai, pracitcal jokes, watch friends fall down and go boom and hang out with my adorable God-daughter. 

Long-time hobby: Skydiving (16 years now) and New hobby: tugging an RV around the country with my toddler.  Now with the RV in the picture, the goal is to jump in all the US states.