All Forum Posts by: Brandon Phelps

Wow, Discover checking pays 1.5%. They probably aren't going to be flexible with respect to lending... but for a simple checking account that probably won't have a ton of money in it....

Much appreciated. I'll look into your suggestions. 

I have one rental property, and am about to get one or two more. I've got to get official about this business now and am looking for opinions on your bank. I'll be opening an account just for the rental. Obviously if you love your bank but it is local, it probably won't apply to me unless you happen to be in San Diego county. There is a big part of me that wishes the local bank experience to be the best one because... well.... George Bailey would want it that way.

The biggest thing that matters to me: easy online banking experience / good apps or tools for managing that experience. What else should be important to me at this point in my game with regards to selecting a bank?

A commercial property I have a partnership in will be sold. This is essentially an inheritance, as I have never actively invested before. If I reinvest it doing a 1031 there I will have 800k cash, and I would need to buy at least 1.2 mil in property for the 1031 to fully work.

I would like to be actively involved in real estate. My job now is interesting and pays fine, but real estate is more exciting. Also I think if I compare equal amounts of hard work at my job vs. running a real estate investment business, I will make more in the latter. All that said, I realize it might be good to take it a bit slower at first, especially since I don't know what I'm doing yet.

How would you invest this money if you were me? Not looking for a mentor, just for perspectives from a wider audience. Already have a mentor of sorts.