All Forum Posts by: Geoff Husa

Yeah, sure thing! Thanks for offering! I wasn't sure if it was appropriate or safe to put too much info like that out in the open. I know that leaves it a bit vague! I'll DM you for sure!

Thanks for your input. Yeah, I know the roth, you pay taxes going in and grow tax free. I live and work overseas. As such all my meager income fits under the foreign earned income exclusion. At least with my company 403b I am allowed to use those funds, which I don't pay taxes on, to contribute to that account. I know the typical roth IRA doesn't allow that. But our company 403b does. Anyway, I neglected to mention that, mostly because it's kind of a long winded explanation that I thought would detract from my question :)

As for the multi-unit, that's exactly what we're looking at doing! We're looking at various SFH which have a granny flat, or ADU, or whatever they're technically called. Or something that could readily be converted. Also looking at maybe basements that have separate entrance, or could have one put in. We're a ways off yet as we're still overseas, but we're looking at all those options. It's a good way to cash flow in the Phoenix market from what I'm seeing!

Welcome! I'm also fairly new to BP, and a total noob to REI. But also serious about getting into it as soon as we return to AZ next year! Networking as I can from afar. I've been to a couple zoom meets and joined a few webinars as well as gobbling up tons of youtube vids and reading the forums and blogs and other stuff. Anyway, see you out there!

We are currently preparing to get started with REI in the Phoenix area. Sometime mid next year.

We have some capital in our savings account. We also have some money spread around in various mutual funds; some in plain old mutual funds, and also some in a roth IRA, and some in a roth 403b (all diversified in various mutual funds).

A portion of what we have saved and invested in the stock market was always intended for an eventual house purchase. It's not enough to buy a house in our market, but it is enough to make a big difference in either a down payment or with rehab costs.

Our preferred strategy is to BRRRR a house, but open to other methods to get a good deal for buy and hold. We'd plan on living in the house for a year before turning into a rental.

So my question to anyone familiar with taxes and real estate investing... What would be the most strategic way to make use of the money we've saved and invested in the stock market. We'd like to find a way to use that money to help buy and/or rehab our first house. How can we minimize tax liability when pulling these funds and using for the house?

We could pull the full allocated amount we've designated for the house out of either the plain old mutual funds, or we could take it out of either of the roth accounts. I'm guessing we want to avoid using the roth accounts since we want to keep that tax free savings for retirement. Open to creative suggestions!

@Andrew Daus thanks for asking this. I'm new as well, reading and learning tons, getting ready to hopefully make our first purchase or two next year. I have the same question, and so am following this thread with interest. I've seen others mention how they got their deals here and there, and from those posts it seems that many of the methods work for different folks, depending on which route they pursue and what they're good at, or what caters to their personality. Anyway, I'm curious what the experienced folks have to say about how they find deals. 

It's awesome and inspiring to this newbie to read about and see this deal. Thanks for sharing! Great job!

I'm curious what Phoenix area investors see in vacancy rates for their properties. I understand it may be different in various areas, so if your info is area specific I'd like to know that too.

@Shiloh Lundahl

Wow! Great job guys! Are you doing the rehab yourself, or do you use contractors?

Looking forward to joining you for the meetup all the way from Papua New Guinea via zoom again. Hopefully my internet connection will be good enough!

@Shiloh Lundahl I've been learning so much about REI from youtube and other means. As a total noob with no current REI under my belt, Youtube is probably 1/2 or 2/3 of my learning experience at this point. I've watched all kinds of stuff from various people, including how to wholesale, find deals, make offers, flip, BRRRR, finance deals, and every other topic I can find. Each person has their own thing that they bring to the table, and their own way of communicating via video. I'd think that you might do well to focus on specifics of what you personally do in REI, like your lease options. I think that would have you standing out from the more general info that's currently being put out there. I know I'd be tuning in for sure! That and a good mic and camera set up! I've watched a number of people with great content but a little hard to follow because the audio/video quality diminishes them from other stuff that's available out there.

@Andrew Daus welcome. I too am fairly new here in the BP arena. I'm a native of Tempe. Also a total noob at REI but havee been poring over podcasts, blog posts, forums, real estate sites, etc for the last couple months. I too am super interested in BRRRR and hoping to get started next May/June with about $35k or hopefully a bit more. Looking forward to following your REI journey and learning together.