All Forum Posts by: Dan Shelhamer

If you want to scale and grow your wealth, don't do it.  If you can't stomach having a mortgage and want a "lower risk and much lower return" then do it.  Just realize that you are severely diminishing your returns by paying cash.  All comes down to your goals.

@Ronan Donnelly thanks for the great insight!  I will be reaching out to you!

Ian, thanks a lot for the great info!  As far as payout goes on these deals, is it cash-flow plus a larger return when the deal is refinanced and/or sold?

Great points brought up!  Would you still be taxed at your normal income bracket if you invest directly with a syndicator?  Also, with a platform like Fundrise or Groundfloor are you able to take a portion of the depreciation as well?

Looking at getting into syndications as a passive investor.  Does anyone have any experience with Fundrise or any other crowd funding sites?  Was interested to see the pro's & con's of investing directly with a syndicator or a site like Fundrise.

@Maya Torres I’ve used a wood-look vinyl in mine. They look great, are very durable and waterproof. Got mine for under $2/square foot but you can find vinyl at all different price ranges. Very easy to install too.

I'm at 5 SFR's right now. Recently just sold my duplex, and looking to scale up into apartment buildings. I've had nice cash flow and great appreciation in just a couple years but it's too difficult to scale.

If your goal is just 5-10 units, pay them off someday, and live off of them it can be a great retirement plan. However I want 100+ units and know that it's too difficult to get to that level with SFR's and too hard to manage.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

I am looking for some insight on this deal.  A couple things that I have questions on:

• I plugged in all of the individual expenses, but they don't add up to the Total annual Exp listed which is $11,447.  They add up to $9,295.  Are these 2 numbers supposed to match?
• Do you see any places where expenses could be reduced?
• I added in another 5% for repairs, even after adding in the $1,400 owner projected repair cost seems very low.   Would it be better to just project 10-15% for this and leave out the $1,400?

Thanks in advance!

So unjust that some of my renters are living for free from the government, while I have to pay to maintain the property.

Credit Card Hacking:

Order to get the cards in.  Listen to Choose FI Podcast, episode 9:

◦Chase sapphire preferred

◦Chase sapphire preferred - spouse

◦Apply in December - Chase southwest rapid rewards business - spouse that travels the most gets the card first. 1 person earns 110K points for companion pass for 2 years.

◦Southwest rapid rewards plus

◦Chase Ink Business Preferred

◦Repeating for spouse

◦Chase Sapphire Reserve

◦Repeating for Spouse

◦Chase Southwest Spouse repeat after 24 months

How to use the points:

◦Trading them in for cash - worst way

◦Book travel through the Chase portal - 1.5x points

◦Transfer the points to travel partners when you’re ready to use them - Best way

You repeat with these same cards every 2 years. Chase has the 5/24 rule. They will only approve you for 5 cards every 24 months. So doing this with a spouse allows 10 cards every 2 years. LLC's also are allowed 5 cards every 24 months.