All Forum Posts by: Jesse Turner

I don't think this part is technically correct, @Jerryll Noorden 

As far as the estimated value of the home being the same as the equity... this means there is zero equity..."

If the Equity equals the Est Value, then it was likely an All Cash Deal and therefore it would be ALL Equity. 
I.E. Cash Buyer purchases house for 120K, the Equity will be 120K. The Debt or Mortgage will be Zero, not the equity. 

Excellent point about Motivation! 

Keep learning. Dig IN- Now is the time!! Best of luck.

A part of this consideration will be your budget and what you like to do in spare time. Tampa has many different areas; pockets of neighborhoods with different vibes and, of course, different price points. There are some 'cool' areas like Hyde Park and Soho. But like the others have said- very limited in the multi families offerings for house hacking. You could also check out- St. Pete, where there is a cool downtown but again, you will be pressed to find many multis. Further south, you can try Bradenton and even further you can check out Cape Coral. There are lots of multis there, however, the nightlife and arts scene are lacking, even with such potential i.e. river cutting through town, downtown and lots of gulf access neighborhoods (cape coral). Best of luck! Oh, I'm born and raised- if you like any other insights, DM me. 

This is an older thread but maybe someone will see this. I'm ready to ramp up with wholesale and looking for buyers to in case of massive success. My question is- do you skip-trace and RVM/ phone them or just direct mail? Is it worth the money and time to go this extra step? I'm sure, one thought is- a good relationship is worth gold. But I'm wondering what others have experienced, one way or another. Thanks!

Interesting times. Following this thread. I wanted to begin my journey REI in Jacksonville and then this pandemic happens. I'm now debating if investing remote now or waiting for market correction and buying at reduced price. FYI. my goals are to cash flow Brrrr'ing. A part of me thinks- it's always a good time to Brrrr, if the numbers workout AND there is a great tenant. But waiting for better equity sounds smart too!

Thanks a million, BP community, in advance. I am interested in getting off the sidelines in 2020. I am looking to finance small BRRRR as my entry point. I will likely do this via an on-market deal as quickly as possible. However, going forward with future deals, I'm wondering what top-producers are using for data insights and also CRM. My main interest with this post is to find out if a platform exist, which shows maybe:

Heatmap of absentee owners

Age of ownership or purchase date

And, if I could dream up of another insight- how many platform users are currently targeting a zip or community i.e. #of 'bird-dogs' or direct mailers blanketing an area

Is there a platform that provides all/some of these solutions/insights? 

Great question.  Im interested,  adding myself to follow. 

HI @Jeff Young, welcome back- I can relate to your story. I've been on the sidelines for a variety of reasons and still working the corporate grind but I too feel it is TIME to pull the trigger, take a leap of faith. I wish you continued courage and focus. If you ever want to connect, maybe we can help each other, let me know. 

@Brian Eastman, @Carl Fischer and @George Blower, thank you for the sound advice. There are some fine details here. 

I just updated my question above. 

Roth's are no doubt a nice way to grow money tax free, among the other beneficial nuances of this investment vehicle. No question. But for me and my scenario, what I'm mining from these responses is that it isn't the best use for a small fry like me; to actively receive income from properties. 

Scratching my head, they only thing that I could figure as a benefit to a ROTH (for my situation), is that over the years as my portfolio grows and income stream grows, I would be able to choose how much to receive in income. Without a ROTH, all income is taxed. With a ROTH, only the money/gains are considered taxable. 

Thanks again gentleman. This BP community is impressive (and that is due to the quality of its members).

I'm trying to wrap my mind around this option. Here is the scenario: I have a Roth (and it's an absolute DOG by the way) and I want to move it into REI. I've been reading other post asking about moving 401k funds to self-directed IRAs and moving roths to s-d roths. All that makes sense. But here is what I'm wondering- Compared to not having roth, what is the benefit of a roth IF I want to take income every year? My understanding is, I would be taxed on the (withdrawn) earnings whether in a roth or out of a roth just the same. And I'm familiar with 1035 exchanges so that could be used in a similar fashion/objective of delaying earnings. Thanks in advance BP experts (and experienced).

Thank you gentlemen. You mostly reinforced my belief and added some insight as well. Now time to shore up the investors and update my business plan. Cheers to your wealth and health!