All Forum Posts by: Denver McClure

Hey @Michael Healy! Do you happen to have an Individual or Joint Taxable account? If so, you may be able to utilize a Margin line of credit and borrow against your account value without paying a penalty or tax. For example (depends on the brokerage), if your Taxable account value is $80,000, you may be able to borrow 50% of the value (without selling any stocks, bonds, etc) at a variable interest rate. This is the strategy I recommend for my investment advisory clients and have done myself. 

Hey @Jose Rocha! I would suggest you and your wife open a Joint Taxable account to deposit your additional income into. In that account, you can invest your funds into low cost ETFs and fixed income products to help your account value grow. Plus the added benefit of these accounts is your ability to utilize a Margin line of credit for future rental deals if the rates are good. Several of my investment advisory clients are practicing that exact strategy to acquire more rental properties (or pay for renovations) while using leverage from their Joint taxable account. Happy to help explain this further if needed! 

@Ryan Clements, I strongly recommend @Tyler Hodgson and @Kenneth McKeown. They helped me close on two duplexes in Dallas (one that I'm house hacking). Reach out if you want to meetup sometime and grab a drink. 

Sounds Great @Kenneth McKeown I'll message you my info!

Agreed @Tyler Hodgson! A Devil Dog meetup is in order! 

Wow! I made an account less than an hour ago and I've already stumbled into a forum with other Marines! This is great! @Jermaine Riggs @Craig Clark @Tyler Hodgson please let me know if anyone is available to meet up! I'm a new Investor as well and would like to learn as much as I can!