All Forum Posts by: Justin B.

@Walt Payne Would this be outside of the 50% stash? Or just how you organize that 50%?

That's smart. I thought an answer would be that the amount is based of a worst case scenario. Like what the cost would be if everything major broke at once. And it's good to see some book keeping strategy. I was hoping to see that in a response. Because I haven't given that much thought and don't even know how to organize it. :) Thanks.

FYI. I am new here and don't have any experience with Buy and Hold investing.

I have a question regarding the 50% rule. I understand that this is a general rule of thumb when determining a properties feasibility but the 50% that gets carved off ultimately does get exercised during tenant occupation, correct? My question, and I know the answer is subjective, but how long do you accumulate that 50% and what would someone consider the upper threshold to stop putting that portion away and start counting it as profit? I understand an AC or a roof has a life span and they will eventually need to be replaced but lets assume after 15 years of holding the property, nothing broke or wore out.

What are peoples experiences with this?

Wow. @Chris P. It looks like I got this message too late. I certainly would have tried to make it to the lunch. I will PM you to see about getting more info about the Monday meeting. Thanks for the invite!

Thanks @J. Martin! I appreciate the tips.

It really is nice to see everyone here welcoming and inviting.

Hi @Jason Schlager ! I pass through Jackson every time I travel back to Atlanta, which is home for me. I grew up there until I graduated from school there to work at Robins AFB a little while ago.

Thanks @Brandon Turner . I have sooo many questions tho. I figure a large number of them can get answered by reading a book or two. Or atleast they'll educate me enough to learn how to organize my questions into something meaningful. I do plan to get engaged in the forums. Thanks again.

Paul Timmins Thanks for the tips! I certainly plan to inundate my mind with as much reading as I can. Thanks for the recommendations.

George Paiva Thanks for the info! I ultimately want to get involved in multi's. I feel that it's good strategy to get my feet wet with SFH for now. Then perhaps graduate to multi's. Any words of wisdom?

Mason Keith Thanks! As much as I'm here for all that I hope to learn from the experts, I find inspiration and hope from those at entry level like myself. Although I am very sure you know more than I. But where I lack in knowledge, I make up for in motivation. It's great to meet you here!

Hello all! My name is Justin and I am very new to the idea of real estate investing. But I am very excited about learning the ways. My current goal (which is always subject to change) is to buy and hold properties because the idea of the long term passive income and the process of it all seems intuitive. I am nervously eager to jump in but am deathly afraid of making mistakes the first deal that can cost me financially. I know they are bound to happen but the first time around would completely delay any re-attempt if I lost the little bit of cash I have to start with. I do, however, have a very competent wife at home with the very young kids that can help with the agent calls, house drive bys and whatever other reconnaissance duties that help with the adventures. We've only been enlightened for a couple of weeks now but are very active on phone apps such as Zillow and Trulia looking for foreclosure deals. Because that's the only place we know to look and that's the cheapest we know to buy. I am very appreciative of any advice for a newbie. So please feel free and forthcoming. I would greatly appreciate the lessons.

In the meantime, I am listening to the BP podcasts while I work and read books at home all in an effort to make me smarter.

Anyways, hello everyone.