All Forum Posts by: Duane Whittaker

When I get my real estate license, do I have to be with a broker or can I be independent? Thanks

Is it better to have your checking account for your LLC at the same bank as your personal checking account or is it safer (as in if there is ever a lawsuit) to have it at a bank that is completely different?

Thanks, Jonna Weber. I will consider that.

Your strategy sounds nice if I was 20 years younger, but I'm looking at I don't know how long I have to work. At my age, my physical body is becoming more limited. I may have 3 and I hope to make it to 12. I would have about 10 rentals by then. Bottom line, whatever rentals are paid off will help make up the difference in my retirement. 

What is the best way to move my rental into my new LLC without having to refinance? Thanks

57 years old, recently gave up on 401K (interest rates are terrible past few years) and got 1 family home rental. A more stable of building wealth is to have as many rental properties as possible before I'm forced to retire from my physically demanding job, The safer route seems to be to pay off the mortgage rental as fast as possible, which I'm doing. Then, I'm not sure if I want to go the safer route and save for another rental (from the income of my full-time job and the 1st rental) or finance the 2nd rental (and have two rentals and my income pay it off). If my area didn't have houses For Sale on the market for so long, I would fix and flip. So that option is out for building wealth and buy rentals faster. Any other low-risk options or should I stay on the track I'm going, pay as I go??? Thanks

57 years old, recently gave up on 401K (interest rates are terrible past few years) and got 1 family home rental. A more stable of building wealth is to have as many rental properties as possible before I'm forced to retire from my physically demanding job, The safer route seems to be to pay off the mortgage rental as fast as possible, which I'm doing. Then, I'm not sure if I want to go the safer route and save for another rental (from the income of my full-time job and the 1st rental) or finance the 2nd rental (and have two rentals and my income pay it off). If my area didn't have houses For Sale on the market for so long, I would fix and flip. So that option is out for building wealth and buy rentals faster. Any other low-risk options or should I stay on the track I'm going, pay as I go??? Thanks

57 years old, recently gave up on 401K (interest rates are terrible past few years) and got 1 family home rental. A more stable of building wealth is to have as many rental properties as possible before I'm forced to retire from my physically demanding job, The safer route seems to be to pay off the mortgage rental as fast as possible, which I'm doing. Then, I'm not sure if I want to go the safer route and save for another rental (from the income of my full-time job and the 1st rental) or finance the 2nd rental (and have two rentals and my income pay it off). If my area didn't have houses For Sale on the market for so long, I would fix and flip. So that option is out for building wealth and buy rentals faster. Any other low-risk options or should I stay on the track I'm going, pay as I go??? Thanks