All Forum Posts by: Jason Sebastian

Great thread. I've been trying to figure out where I can start my RE investments with training wheels. I need something mostly passive, for now, and I want to own, not just invest. So I've been looking at turnkey options. I spoke with REI Nation a few days ago and it's good to hear the reviews of them here!

the bp pocast from july 12, 2018 with shiloh lundahl was my introduction to subject-to, anything but shady,  at least the way he did it.  I can imagine it is an abused method though.  Good luck Isaac. 

 That makes a lot of sense,  thank you.  I'm not surprised D.R. polarizes, he's a huge star with a lot of extreme opinions,  many based in religious beliefs.  Thats a recipe for pushback! It recently occurred to me that Dave uses primarily old testament Hebrew writings to justify his position,  yet, is out of step with the Jewish interpretation of those scriptures. Seems like an obvious red flag.  one of many.  

I suppose this is certainly an option, but wouldn't my after tax rate of return be about the same. A quick look at Vanguard's historical performance places the good funds around 9.5%. If I understand the numbers correctly, after tax return would be 6-7%. I would also have to worry about market fluctuation, it's likely the market will be down exactly when the real estate deals are available. My cash value dividend never dropped bellow 6% during the 2008 crash. I have some in the market, but only as a long term strategy. I don't think I like the idea of using it as a short term "bank" for real estate investment money. I am willing to be convinced otherwise and my rule of thumb numbers may certainly be wrong. Any feedback is appreciated. 

BTW, the main crux of questions was about using personal residence equity as a funding source. What I do with the cash out money after the refi (if I refi) is less of a concern.

I live in rural Idaho, people are flooding in from CA. Selling small homes there and building mansions on acreage here. I haven't met many that are investing with it though, which seems like the smarter play... at least they're buying assets, I guess. I mostly see atv's and boats though.

Luis, I would sell in a second, do a house hack with the equity and hit the ground running. My wife on the other hand has plans to die in this house. I moved all the time growing up, her parents have multi-generational property and will never move. Our views have been shaped accordingly, she plans on being buried in the back yard. Good luck on selling your property.

Thanks for the warning Joel, but that ship has sailed. As I stated, the policies are now mature, the expensive, possibly dumb, part is over. At this point, ALL money deposited is cash value and the dividend is is at 6.4% right now. I would be using this policy as a high interest bank account, not really an investment. 

Is a paid off house my goal? It was, now I'm not so sure. Having a lot of my net worth sitting untouched, doing nothing for the rest of my life seems financially unwise. 

My name is Jason, my wife and I have 3 young kids and live in Rural Idaho. I have been interested in real estate ever since I read Rich Dad Poor Dad and bought the Carlton Sheets training material when I was 19...I think the video tapes are still in my garage. I stumbled across BiggerPockets via Youtube and I my investment interest has been reignited. My initial interest in real estate investment was sidelined when I began listening to Dave Ramsey, fanatically. Now I am waffling between no debt/leverage philosophies. I have a lot to consider. I am looking forward to connecting with others and learning... this website is awesome!

My name is Jason, my wife and I have 3 oung kids and live in Rural Idaho. I have been interested in real estate ever since I read Rich Dad Poor Dad and bought the Carlton Sheets training material when I was 19...I think the video tapes are still in my garage. I stumbled across BiggerPockets via Youtube and I my investment interest has been re-ignited. My initial interest in real estate investment was sidelined when I began listening to Dave Ramsey, fanatically. Now I am waffling between no debt/leverage philosophies. I have a lot to consider. I am looking forward to connecting with others and learning... this website is awesome!

My name is Jason, my wife and I have 3 kids and live in Rural Idaho. I have been interested in real estate ever since I read Rich Dad Poor Dad and bought the Carlton Sheets training material when I was 19...I think the video tapes are still in my garage. I stumbled across BiggerPockets via Youtube and I my investment interest has been re-ignited. My initial interest in real estate investment was sidelined when I began listening to Dave Ramsey, fanatically. Now I am waffling between no debt/leverage philosophies. I have a lot to consider. I am looking forward to connecting with others and learning... this website is awesome!