All Forum Posts by: Jess White

@Carolyn Morales The longest you can acquire. If you want to pay is down sooner, do it with the extra cash flow. Shorter terms are more risky to me, especially during any rare time of vacancy.

@Chris Brenner I’d probably keep them till summer. As long as they don’t cause any massive issues.

@Shane Craig I use Cozy, zero paper documents, tight screening, I only buy places to rent that I would personally live in, and all homes are less than 15 years old.

@Ben Feder There is. Go work for an investor for free. Do their laundry, clean up trash on construction sites, do the stuff they hate. They will 100% offer some kind of value in return.

I understand the feeling that you need some program or mentor, but you don’t. Those simply make you feel like you are taking action when you aren’t.

My advice: Cold call ten investors and let them know you will work for them for free, just to be exposed to what’s going on. I’m sure they will have something for you to do.

@Steven May What I do is pretty simple. I max out all my retirement accounts, Roth, Traditional 401k and HSA.

After that, everything else goes to real estate.

If you have a good enough salary and you have enough to invest in real estate even after doing all that, then that’s probably a really good route.

Traditional retirement accounts aren't terrible like many people preach in the REI world.

If you can have it all, have it all. If your salary is small and you wouldn’t be able to save cash if you participated in retirement accounts, then I would probably skip out on the 401k, and start saving cash for a deal.

@Ben Feder If you have been studying for “years” all you need to do is to jump in. However, you need to have cash on hand. If you are going to partner up with someone, then you need to offer up some serious value if you don’t have the money.

You have to really want it to get into real estate. The winners aren’t the hardest working, they are the ones that jump in and do. Then they get really good, and become valuable to others. Go work for free for an investor, become hungry for a deal and success. You don’t need a mentor, you need drive and ambition, along with the willingness to do whatever it takes.

@Jeff Byrne There’s the Parents, Siblings, in-law Family.

Then there’s your spouse. Two very different conversations, the first in which I wouldn’t value any negative opinions, and the latter I would tread cautiously with patience, love and respect. Even if it takes more time.

Don’t listen to any advice about “doing it anyway” or going over their head. This is a person you love, and you can only hope they would do the same for you if you were uncomfortable about something.

@Jeff Petsche Great corrective response:)

@Tanner Marsey Best reply on here so far. The “no” people should stop and think for a second. It’s not a one size fits all answer.

Generally, cash flow is king. However, having one or two negative cash flow properties with a plan isn’t a bad thing. Chances are, you can bring it positive within a year or two.

Also, your 401k analogy is perfect.

@John Oh I like what @Mindy Jensen says on this particular subject, mainly pertaining to early retirement. “Your worst case scenario is everyone else’s every day life. You simply go back and get a job.”

You’re young bud, go out and take chances. You will never look back. The pain of regret is worse than the pain of failure.