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All Forum Posts by: Ryan Black

Ryan Black has started 1 posts and replied 7 times.

Post: Newbie Introduction

Ryan BlackPosted
  • Anchorage, AK
  • Posts 7
  • Votes 1

I'll take a look into Alan's stuff. I appreciate your time providing with this awesome info.

Post: Newbie Introduction

Ryan BlackPosted
  • Anchorage, AK
  • Posts 7
  • Votes 1

Wish I could go back and edit my posts hah! Using an iPhone can be a challenge sometimes.

Post: Newbie Introduction

Ryan BlackPosted
  • Anchorage, AK
  • Posts 7
  • Votes 1
Originally posted by @Scott Sewell:

Hi Ryan,

As to your seminar, please leave your credit cards at home (you'll find out why), be careful of the big up-sell (ie: don't do it) and enjoy the camaraderie

Yeah I'm not spending any more of my money on them. I know the seminar that we are attending has a lot of good information and that is how I'm looking at it, paid education + an excuse to hangout with my wife for a few days.

I've been to one REX meeting about 2 years ago. I think it's about time I will show for another. I'm up to attending the meet next Monday. I'll try and bring my wife.

Thanks against Scott for the response. Pretty awesome to see a couple guys from Alaska being active here. 

Post: Newbie Introduction

Ryan BlackPosted
  • Anchorage, AK
  • Posts 7
  • Votes 1
Originally posted by @James Cash:

Hey @Ryan Black and welcome! Awesome move and super smart. 

Depending which type of loan you have, you can move it into some sort of corporation and rent it to yourself. 

Thanks James! Yeah it's a VA loan ... I have no clue if I can roll it into a Corp. I really should be renting my place at full capacity and rent from someone else, but my wife isn't fond of moving. So I'm trying to find an alternative. We must get another property!

Thanks again for the warm welcome!  

Post: Newbie Introduction

Ryan BlackPosted
  • Anchorage, AK
  • Posts 7
  • Votes 1

Thanks Doyle, 

I certainly agree that there is a lot of valuable information here. The seminar that I'll be attending is offer by Ron Legrand. I've heard a lot of good things. I shall find out haha!

Post: Newbie Introduction

Ryan BlackPosted
  • Anchorage, AK
  • Posts 7
  • Votes 1

Thanks guys :)

Post: Newbie Introduction

Ryan BlackPosted
  • Anchorage, AK
  • Posts 7
  • Votes 1

Hey guys, I've been a subscriber for a while now. I'm making this post to introduce myself and hopefully make some connections.

I have a family of four, my wife and I are self-employed. We currently owner occupy a triplex in Anchorage AK. I was military when I bought the property because it just made sense and I'm so glad that I did. Being that we are both self-employed and with our income status, I know that banks would brush us off. We've grown to appreciate our lifestyle, as it feels extremely liberating. However, that's not to say that we aren't were we should be goal wise and I'm having a hard time seeing through the fog to attain my next goal, which is to own more real estate. If we were to own at least one more property as gracious as the one we currently occupy, we would be blessed even more so! My triplex doesn't cashflow as we are currently living in it, but it ALMOST DOES. I feel that my rates for the tenants are acceptable, and they have been in the building longer than I've owned it.

A few problems that I'm up against ... I've come to the understanding that while living in my property it shows as a liability rather an investment. My family really doesn't want to move out of our unit... We want to stay here until we can build or buy our HOME which I'd like to do before my kids outgrow playing in a backyard.

I've thought about the idea of putting the triplex into an S-Corp or something like that and "rent to myself." I don't know if that's entire possible.

Honestly, if there was a way to avoid banks and deal with people who were interested in investing their money I'd much rather that. I just don't know where to start . . .

We are practically debt free, minus the mortgage and the windows that we put into it. My real estate has given me a lot of freedom, the freedom to pursue my dreams of leaving the military to become a self-employed photographer (www.ryanblax.com), but I feel that I'm so close to being able to live without any worry of monthly income. My goal is financial freedom/independence (who's goal isn't...).

I'm taking a seminar in the coming weeks to hopefully enlighten myself on opportunities other than banks, but figured I'd stop by here because I know this group is full of valuable people with valuable information.

If you read this entire post, God Bless you! 

Have a wonderful day,

Ryan