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All Forum Posts by: Howard L Weinstock

Howard L Weinstock has started 1 posts and replied 3 times.

Post: Rehab Valuator

Howard L WeinstockPosted
  • Fredericksburg, VA
  • Posts 4
  • Votes 0
Happened on this rehabvaluator.com thread & am surprised how thin it is - it's a great product! I've made a grand total of two (2) RE deals since 2016 & the premium software was instrumental to the success of both: -I purchased a SFH flip in 2016 shortly after converting from the free version to premium. I built the deal with the GC using the software. Our offer was accepted & We rehabbed the house relying on the software budget tool for estimates & planning, as well as the training videos & the truly outstanding customer service - not only from Jacob & crew, but from Daniil Kleyman himself (who is also on this thread). For the $97 subscription, I profited on the sale ~$50K. -It took awhile to find a second deal and, like a previous commenter on this thread, I was surprised to see a charge for renewal of the subscription. I, too, was denied a refund was thankful soon thereafter. -Early in 2018, I purchased a SFH rental near a university, using rehabvaluator.com every step of the way. Again, the software worked & is working flawlessly as I prepare to sell it to the GC one year after purchase. In the meantime, its cash-flowing $2K+ monthly. One creme de la creme point about Daniil & rehabvaluator.com is the quality & quantity of the RE education, network, & expansion of opportunities that are free. I've sat webinars for a myriad of different RE related tools that Daniil vetted and purchased one. In sum, he offers Us software updates and improvements that made me appear more seasoned in RE because he includes the answers to questions I ain't smart enough to ask! I can't compare rehabvaluator.com to competitors I haven't used but I'm confident that none can match the "human factor" of Daniil's team - they can't be beat.
@Michael Plaks, Thanks. Intuitive response in suggesting that I still have useful miles left in me. It's the first time I've ever pondered 62 and it shook me some, after decades intending to "delay". The spouse drumbeats, "why take the risk" with REI, but I don't golf, fish, or "honey do". Don't see an IRA option, but will look into it further. Again, thanks.
I did first flip in '17, at which time the CPA & I agreed to draw SSA at 66.5 yoa. Now, in '18 with 1 rental, he says 62 yoa in '19, if no earned income (to avoid tax on SSA. I have unearned income from military pension & disability, plus rent). Since SSA is actuarially neutral, there's no reason to delay entitlement, especially since it'll only pay ~75% of current benefit ~2032, if not reformed. While this seems to eliminate flips, thought I'd test the waters here for ideas on how to keep flipping with compensation, without triggering trouble. Thanks