All Forum Posts by: James B.

@Matthew M. @Rodrick Darnell Toney @Beau Fugitt @Damon Cluck @Jason Norton

I am curious about the Jacksonville area, too. How diverse is the employment base? Are there other large employers besides the Air Force base; do you see the base going away in the future?

Thanks

@Matthew Smith @Chris Clothier @Jay Hinrichs

Any TK company that has been in business for 5+ years is probably doing something right

@Joe Villeneuve @Martin Shaw @Mian Rizwan @Ola Dantis

Thanks for reviving this thread! My knowledge and strategy are slowly catching up to understand this :)

I gaining familiarity with secured LOC's and see that there is a limit on the amount I can borrow. But, If i can borrow at 4.75% and earn, say, 10% somewhere else, why not. Besides, I'm not the one paying back the loan, my tenants are...

Hope to level-up to the unsecured loan one day... and, I'm in this RE game for life, so I'll get there. 

@Jay Hinrichs

Yessir- great point! A deal could look like a high-yielding home run on paper, but when the investor can't collect the rent, it's a big strike out!!! A good PM will be in it for the long haul, so both the tenant and the investor are happy :)

@David Song @Will Barnard @Jay Hinrichs @Curt Davis

@Sabrina Brown Just checking in since time flies, any updates Sabrina, how are things going in Memphis for you since moving from CA? You'll see recent threads on BP about people fleeing CA...

I've been fortunate and grateful with my Memphis properties. Even with COVID, rents are stable, and we continue to purchase. Appreciation has occurred- likely due to the macro money printing by the Fed raising asset prices. But, I'd rather be lucky than good :) 

Anyone else enjoying stable rents while the world is awash in uncertainty?

@Marcus B Hsu @Kerry Baird @Paul Beets @Joe Villeneuve

Like you Marcus, I have some OOS rentals. I've done cash-out refi's on a few. My strategy is changing to a Secured LOC on a paid-off property.

Reason is that I see paid-off properties, encumbered with a first position LOC, may lead to a faster velocity of money.

Use LOC to buy property for cash (save on loan fees, buy cheaper, and increased speed) then use cash flow to pay back LOC balance to $0. Get the new property appraised and add to the LOC to increase amount of LOC available. Repeat...

@Nina Granberry

Hi Nina, like @MikeS , wrote, you can look into Whole Life Cash Value or similar types of insurance.

Liquidity, stability, you can borrow against your policy, and if structured properly, your principal continues to grow. At approximately 4-6%- a company like Paradigm Life does this. Also look for Douglas Andrew’s LASER info on YouTube.

Good luck!

@Sherry McQuage

The best times to plant a tree: 20 years ago and today.

I was asleep in 2009, I’m awake in 2020 COVID time making moves.

The next 20 years will be amazing!

@Andy Nathan

I'm moving forward on a few transactions:

-May rents are 100% collected

-Closing on an all cash SFR- looking at this property as a bank for my capital. If I just left that capital in the bank, it would earn .04%. In the property, with no mortgage, it earns 9%. Plan is to cash out refi in the future.

-Closing on a blanket loan.

-Selling a SFR

"Fortis Fortuna Adiuvat; Fortunes Favors the Bold."

@Josiah Patrick Zebarth @Paul Beets @Joe Villeneuve

You appear to be a young man in his early 20's. Blink your eyes and you'll be in your early 40's like me...

I get up well before dawn to go to work so I can save money to invest. The goal is to provide for my family and have options in life. 

"The problem with being young is that you don't know what it's like to feel old. The problem with growing old is that you remember the feeling of being young."