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All Forum Posts by: Chase Woodard

Chase Woodard has started 4 posts and replied 19 times.

Post: Tax Benefits from Rental Property

Chase WoodardPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 19
  • Votes 5

@Chris Coleman thank you so much for this. I’ve heard depreciation is key it just seems weird as you would think you would want the properties to appreciate.

So I guess either way you are winning.

Post: Dropping out of college

Chase WoodardPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 19
  • Votes 5

@Jaden Adams

Hey man, I was you a time ago, so I’ll let you know how I feel. I dropped out of college with only 3 credits left to get my associates & Ive never regretted my decision. I think the drop out life isn’t for everyone, but you know yourself better than me. You have to ask yourself if you want to work harder than the people with degrees & learn twice as much as them at the same time.

Learning isn’t something you do in college & quit. I spend more hours now learning and researching than I ever did in college & I made the deans list & did very well. Really I forgot almost everything I learned in college because I never applied any of the knowledge until years later when I already forgot everything.

If you talk to my friends with degrees in the same field & talk to me I 100% not only know more than them I’ve been working in the field for over 3 years before they even got any experience. What this taught me is knowledge isn’t powerful, it’s applying the knowledge that’s so powerful.

So continue to learn everyday, watch bigger pockets podcast, look up real estate courses, & learn as much as you can every single day for the rest of your life and as you learn apply the knowledge as you go about investing. This will help you learn faster and retain more.

You will make mistakes wether you get a degree or not. But these mistakes are what you will learn from the most, not college courses. Get all of your mistakes out of the way while you are young so when your friends graduate you can laugh when they are in thousands of dollars in debt making the same damn mistakes you already learned from.

Again, this will not be easy, but experience trumps any education you can get. And personally, when your money is on the line you tend to push yourself more than a teacher telling you a dead line.

The real question is how determined are you? Are you ready for people to say you can’t do it? Are you ready to sacrifice time scoping out more houses than every real estate agent combined? This isn’t an easy task so if you have the gut feeling like I did where you won’t let anything stop you, then nothing will stop you.

I don’t know what college will really do for you? You get a worse education, attain student debt, gain no real experience, & by the end of it you still have no real estate. Please someone tell me why this kid should go to college?

Post: Tax Benefits from Rental Property

Chase WoodardPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 19
  • Votes 5

Hey Guys,

So I’m a noob & trying to learn everyday. What I’ve been trying to understand is how Real Estate is so great for taxes.

I’m planning on getting a rental property & was wondering what tax benefits do you get from a rental property & are there anything I need to be aware of?

Any help is appreciated! Thanks.

Post: Real Estate Licesne Courses

Chase WoodardPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 19
  • Votes 5

Hey Guys,

I’m wanting to start studying for my real estate license here in Texas & I’ve looked online for many different courses but wanted to ask if you guys have any experience with online courses & if so, which ones would you recommend????

Any feedback is appreciated, thanks.

Post: So what's holding you back?

Chase WoodardPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 19
  • Votes 5

@Frank Patalano low credit score. I’m building my credit while studying real estate & cant wait to start.

Post: First Rental Property - The Numbers

Chase WoodardPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 19
  • Votes 5

@Ali Boone this is awesome!!! Thank you so much!!!

Post: First Rental Property - The Numbers

Chase WoodardPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 19
  • Votes 5

@Ehsan Rishat fair point, thanks for the advice I will do more research on other options.

Post: First Rental Property - The Numbers

Chase WoodardPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 19
  • Votes 5

@Matt Crusinberry thank you so much. I will read it ASAP!

Post: First Rental Property - The Numbers

Chase WoodardPosted
  • Rental Property Investor
  • San Antonio, TX
  • Posts 19
  • Votes 5

Hey Guys! New Investor here, any help is appreciated :)

How do I calculate the numbers on a property & know when I see a good opportunity to buy?

Also I’m thinking of starting with a foreclosure strategy & wanted some feedback. I want to start right away but I want to make sure I get a good first buy.