All Forum Posts by: Donald Dickerson

Well, being balanced makes sense. Here is s good rule: Take your age and use it as a percentage of safe, and subtract percentage from 100% to determine how much your portfolio can be risky. So, take a 40 yr old investor, 40% should be paid off, and 60% of his rentals could be leveraged. This is a rule of thumb, but a good one to consider in your real estate investing journey.

The best way to determine where to invest, is get out and drive the neighborhoods and see for yourself. Only you can know the best part of towns, the types of neighborhoods, you want to invest your money in. 

Remember, location, location, location, determines where best to invest your money. 

I don't know if MLS listings will really paint that picture for you.

$0.02 worth.

Has anyone dealt with Series LLcs yet? Sounds on the surface this is a great way to place your properties. 

Hello! Lots of good advice here. However, please don't tell the IRS that rental property is not passive income. They will charge us more on our income.

Hello! My name is Don Dickerson and I just found this site, so I'm learning where all the good stuff is. 

I'm a landlord currently holding 5 properties, all paid for, and I'm retired and enjoying my time off. My strategy is to add at least one good property every year. 

That leaves me a lot of time to pursue my hobbies, mainly playing trombone in a Trad Jazz band. But, heck, my properties pay for my living expenses. 

Look forward to reading and learning more!

Don