All Forum Posts by: Bobby Shell

I am going to try logging in from the web version instead of the app and see if i cant load the desktop version of the site to get these features

Easy one, why can i not easily find the pro features on the BP app? 

Our family maxes our 401k (two earners), we doa Roth 401k.

The rest we save cash. I aim to have 6 months after tax income In the bank.

From this point we save up $ above and beyond this six months amount and then purchase more property. Each property has its own bank account with 3-4x the mortgage in case repairs are needed.

I think our approach is very simple, but I feel comfortable with it.

This next year I plan to start putting 25% of our above and beyond 6 months savings into index funds so i can get some extra growth for future real estate purchases.

@Jacob Walls feelin cute I might flip a house later, idk LLC haha. Have fun with it!

@Joshua Baker on it. Thanks

Closing on a SFH rental this month. I got a quote from Anchor Insurance that was competitive and a good rate. I am looking for 3-4 other references for the best coverage in Florida?

MY rental is in the Pensacola/Pace/Milton FL area.

Thanks in advance!

 You bet. And like an earlier commenter said it all depends on the market, but if you know your area and consider any "resale" tips from a realtors perspective you are safe

@Eric Fitzgerald

I do not like mint or having all of my accounts and logins associated with one organization/app Budgeting is easy if you make it easy. Two simple ways:

1) Toshl app - this is what I do now to track all spending and expenses

2) track by hand or spreadsheet - manually do it yourself. I think there is value to this approach because it’s hands on

You should open a high interest yield checking/savings account (aim to get 2-4%), set up dedicated checking account per property.

You should read the tony Robbins book “unshakeable”

I think the guy is looking for encouragement and for you to add value, not play the "you don't have money in order". That doesn't help or add value. 

Roof's on average 20-30 years depending on the type. Read more here: https://money.usnews.com/money/personal-finance/articles/2015/01/06/how-long-can-you-expect-your-roof-or-fridge-to-last

The AC should last about 10-15 years. My place is in Florida, its hot! I am assuming it will last 10 years in my numbers.

Furnace 15-20 years.

Sump Pumps about 10 years