All Forum Posts by: Chatree C.

Each business is different. I only have a few rentals but one of them is in a different market with different kind of tenant (A neighborhood, high income expats) so gifting would make sense for that one in my case. I want to build a long lasting relationship with them and hopefully get more tenants via their company.

Reading many of the posts about rentals just need to be reminded to pay on time, no reason to gift them makes me realize I much rather prefer dealing with volume, higher touch business. Perhaps this is more on the AirBnB side rather than long term rentals.

There's a place we like to go on AirBnB, quite expensive, every time we get there, there'll be a bottle of wine waiting in the kitchen. It's not even promised in the listing but they did it any way. Gifting doesn't have to come out of your pocket, just build it in to the expenses when you run your numbers.

Notability... or any note taking app that can annotate over PDF.

I use it to hand-sign PDFs on my phone. No more download, print, sign, scan.

There's a good prospective tenant that wants to sign our lease but they are not sure about start date (work travel schedule) until 3 weeks from now. And they agree if they start later, they are willing to pay a bit more to make up for loss rent.

For example:

rent is $2000 if starting Aug 1

rent is $2100 if starting Aug 8

rent is $2200 if starting Aug 15

We need the contract signed before they can make this decision, can we pick a date to sign first then include a clause where they have until X date to change the start date & rent?

When it comes down to the magic number for people planning for financially independent, it seems that they will work backward down to cash flow vehicle to get there. For example, if you want 10k/month, then it means you’ll need 50 doors if each cash flow $200/month (leaving tax out to simplify).

Perhaps this is enough to get people started, but I feel the reality is different. You have more than one way to get return on your money. House gets paid down, compound/snowball effect, tax treatments, retirement accounts, etc.

For those who are financially free, could you share what’s your cashflow investment/business mix look like? How many % are in what, what are the returns?

Thanks!

Very nice job, thanks for sharing @Jay Hinrichs. I learned quite a few things from this thread. I see new houses like this here in the Bay Area in up and coming neighborhoods where houses are barely 1M. Curious to see how they got the numbers to work.

But this is a real full time business right? How does mortals, aka investors, get their hands on new construction projects like this? Most of us stuck with full time job and single family rentals..

Interested. Email sent.

Did some research for you! https://www.biggerpockets.com/forums/48/topics/544... <-- the list for What to Do with $X questions.. from $1k - $20MM :) 

Could you define: - ballpark expectations on return - time horizon, how liquid you need it to be - how passive? Personally if you use online platform, it’s the most passive but you learn the least

Hi Kusum, I have to echo participating in syndications as well. You’ll be passive investor but involved enough to see how they project numbers, due diligent, operational updates, etc. it’s basically education that comes with your investment. You can find reputable sponsors here in different markets. Related question is how program like Brad Sumrok different from investing with syndicators? If you pool money with others and be passive, isn’t that the same? Or would you be more involved this way?

Thank you, I will reach out to SoloK providers in this thread. One question - what's the difference between smaller providers that deal specifically with Solo 401k vs other popular SDIRA custodians (like UDirect, QuestIRA, EquityTrust)?