All Forum Posts by: Jenelle H.

Any thoughts?

Great thread, as I have wondered the same things at times.  The calculations really help to paint a picture.  

@Paul G. do your calculations figure in investment management fees?  I pay 1%.

I am just starting in REI, and am bookmarking a small portion of my funds just for that, but I still feel like I want to keep the bulk of my funds in stocks until/unless I see the results of real estate.

I am new to real estate as well, and not a CPA, but if you plan to run a business, yes, it is wise to get a business bank account that is separate from your personal bank account.  The reason for this is to keep your business activities separate from your personal activities for accounting purposes.  I'm not sure if you need a Federal Tax ID# from the government.  Maybe someone else can answer that.  I think that may be necessary if you have employees(???)  I'm not sure.

I am reading all I can but was really hoping to get an answer too.  

Hi and welcome. It looks like we're in the same boat!  Good luck!

Opps, I forgot to introduce myself to everyone before I made a post in the Starting Out section. Hi, I'm Jenelle and I'm new to REI. Or, should I say, I'm wanting to be new. I have not made a deal yet but am juiced up and ready to make one! I'm also excited to be around other like-minded people who are very informative and am eager to be able to return the love someday.

A little about me: I live in California but am considering moving some place else in the country that is more affordable.  I work full-time in another profession and think about what it would be like to have financial freedom and the ability to quit one day if I wanted to.  I am currently getting my RE license for fun.  I am a sponge and am eager to interact with you all.

Hello all. I am a newbie wanting to start REI . I have been studying to get my RE license (exam is in Oct) because I was told that it was great way to learn about real estate, investing and to get access to the MLS. I live in an expensive area in California, work full-time as an Accountant in the Food and Beverage industry and am a single mom. I just started reading the forums today and have been listening the podcasts for a week. I am very grateful, it is really great stuff. So informative and inspiring. I am so excited!

So I'm ready to take the plunge but with all the information I've received, I'm not sure where to begin. I know that I want to start with 1 SFR, and hold/rent it out, but it will definitely be in another state, due to the high prices here in California. So here is my info and if you were me, where and how would you begin:

• Can offer up to $50K for down payment, including rehab/improvement costs.
• Credit score 733
• No debt currently
• No flipping/rehab experience

Obviously, I'd like a great cash flow and appreciation but I don't know how to begin to find that.  I am open to other states(I think I have to be) and as I stated, I will be getting my RE license soon and will only do that on weekends, if some broker allows me to, so I hope that helps some.  What would you do if you were me?