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All Forum Posts by: Erin Helle

Erin Helle has started 21 posts and replied 37 times.

Post: One month left in 2024 - What are your Goals!

Erin Helle
Tax & Financial Services
Pro Member
Posted
  • Investor
  • Nashville, TN
  • Posts 39
  • Votes 13
Quote from @Rhyse Andrews:

@Erin Helle

1) try to squeeze in some tutoring sessions for mid terms/finals before schools go on break.

2) set up EIN and a business bank account 


 Love it. #2 won't take long at all (less than 2 hours total) and will set you up nicely for next year!

Post: One month left in 2024 - What are your Goals!

Erin Helle
Tax & Financial Services
Pro Member
Posted
  • Investor
  • Nashville, TN
  • Posts 39
  • Votes 13
Quote from @V.G Jason:

Organize taxes and eat better. 


 Sooooo easy, yet sooooo hard! Good luck!

Post: One month left in 2024 - What are your Goals!

Erin Helle
Tax & Financial Services
Pro Member
Posted
  • Investor
  • Nashville, TN
  • Posts 39
  • Votes 13
Quote from @Jay Hinrichs:

1. close my last new build for the year.  scheduled for the 20th

2. Go to Omaha and Sioux city tomorrow for inspections and client meets.

3. close new loan with my bank unsecured ( those babys can be tough to get).

4. get my mind ready for 9 grandkids at the house this is the toughest one :)  Patience

5. firm up goals for 25 solidify my new clients that I have gotten in Q 4 24.

Just more of the same really.. 


 Nice, Jay! Good for you! Enjoy those grandkids!

Post: One month left in 2024 - What are your Goals!

Erin Helle
Tax & Financial Services
Pro Member
Posted
  • Investor
  • Nashville, TN
  • Posts 39
  • Votes 13
Quote from @Paul Novak:
Quote from @Erin Helle:

Nice! What kind of debt do you have on the property?


It was hard for me but my wife talked me into taking a bit of a break. As Coach Carson would say a "plateau". We purchased two properties last year and two this year. My wife was tired of us working to fix up our properties and not our house. While I wanted to stick the money back into more rentals I agreed with her. We took a break from rentals here at the end of this year, going into next year, to redo our kitchen. Partially a want but also things were starting to go and it was time. We have around $85K outstanding between a 401K loan and our HELOC. This is money that was used for the kitchen and down payments on our last two properties. We have become good savers and save about 55% of our total income. We are on pace this year to save a little over $110K post tax money. While $85K is no small number I am confident that we will be able to pay it back before the end of next year and still accomplish our goal of purchasing a minimum of one property a year.


 Wow! Your savings is awesome! Keep that up! End enjoy your break, you'll come back so much more productive!

Post: One month left in 2024 - What are your Goals!

Erin Helle
Tax & Financial Services
Pro Member
Posted
  • Investor
  • Nashville, TN
  • Posts 39
  • Votes 13
Quote from @Carsyn Childress:

Business goal would be to purchase at least five more properties before the end of the year. 

Personal goal is to finish up my real estate license before the start of the year. 

wow! HUGE goals! I'm going to send you a DM- you sound just like me when I first got started!


Post: One month left in 2024 - What are your Goals!

Erin Helle
Tax & Financial Services
Pro Member
Posted
  • Investor
  • Nashville, TN
  • Posts 39
  • Votes 13

@Jonathan Klemm love this- especially #2. Prioritizing is SO hard!

Post: One month left in 2024 - What are your Goals!

Erin Helle
Tax & Financial Services
Pro Member
Posted
  • Investor
  • Nashville, TN
  • Posts 39
  • Votes 13

Nice! What kind of debt do you have on the property?

Post: One month left in 2024 - What are your Goals!

Erin Helle
Tax & Financial Services
Pro Member
Posted
  • Investor
  • Nashville, TN
  • Posts 39
  • Votes 13

What are you hoping to do before the end of the year?

Post: HELOC Payoff Advice

Erin Helle
Tax & Financial Services
Pro Member
Posted
  • Investor
  • Nashville, TN
  • Posts 39
  • Votes 13

I would find other ways to pay off the HELOC - even if you have no cash flow temporarily. Holding onto these properties would be most ideal for your long term wealth, obviously. And now is not a great time to sell.

Post: Where best to spend the money from the sell of my home.

Erin Helle
Tax & Financial Services
Pro Member
Posted
  • Investor
  • Nashville, TN
  • Posts 39
  • Votes 13

I would pay off the debt first, too. Then focus on growing your money.