All Forum Posts by: Jonathan Small

@Spencer Cuello I do like that stocks are more liquid. That also works against me. It is too easy for me to exit a position and miss out on long teem market gains. It seems to me the market has a lot more opportunities since stocks go up and down every day and you can buy any stock you want. Versus real estate where I have to hunt for deals and pounce went the right one comes.  I will take your insights into consideration. Thank you much.

@Scott Trench I do see how putting extra work into real estate can juice my returns. I am a long term buy and hold guy. However,  I will find 1-3 flips a yr that just don't cashflow as a long term rental but are good opportunities to make some cash.  However,  I have also been putting in more work on my stocks and juicing returns by buying and selling options against my stock. I appreciate your feedback and thoughts. 

@Chris Seveney it seems to me stocks are a lot more passive.  I understand diversity,  but I am also thinking about opportunity cost.  Thanks for your feedback

I like Greg's answer.  You have too much at risk to get advice from people you don't know on an internet forum.  However, talking with local estate planning attorney will save you a lot of money and give your family piece of mind.  The estate planning attorney should also be talking to your CPA.

I would like to give you a healthcare example since I am a nurse.  I have a little chest pain (not true).  My father died from a heart attack(true).  What medication do you think I should take for my chest pain?  I want to make sure I take the right medication so I don't have to pay a co pay. :(

Too much is at risk not to get a professional to do it right the first time.  DM me if we need to talk. :)

@Ryan Overcash I would not sell. You are now self employeed and it will be difficult for you to get another loan. Banks often want to see 2yr of income and industry history to give you a loan for a primary residence. You will still be able to get investment loans since they often look at the deal more than how long you have been on your job. I would consider doing a HELOC on your equity.

@John Perry If you are investing 258k of your own cash, I highly recommend contacting a real estate attorney.  It will cost you 2k at the most but will help you save your investment.  It will also help you develop a relationship to buy foreclosures the right way.  I would give advice, but it would not be as solid as a local reo attorney in your area.  Send me a DM if you need to talk.  Best wishes.

I am a registered nurse as well. My wife is a teacher.  I have been investing since 2005.  We are primarily long term buy and hold investors looking to supplement our retirement income.  5 properties in 3 years is awesome. I wish more healthcare employees were into real estate.  I will be difficult to do our nursing job at 65+ year old.  Buy real estate and watch it make you wealthy.

Think about your comps. Investor buy multifamily properties. multifamily properties are valued based on rental income. SFH value is based on similar homes that have sold recently. Start with the end in mind. Do you want to own a SFH valued at recent sales or similar properties or do you want to own a multifamily unit that is valued off of the rental income you will get. I have done both and never regretted going one direction over another.

You cash has value.  If you use your cash you don't have interest payments and therefore lower your expenses.  I like to use my own cash because it makes me a better investor.  I have found I am a lot more diligent when spending my own money versus someone else.  I have found that banks are more willing to refinance a loan when they find out you put your own money at risk.  Best wishes.

Get a list 10 recent renovated sales in the area.  Contact the agent.  Ask who did the renovations and who was the work.  Reach our to the contractors and have them to walk your property.  The realtor may be interested as well since they will want to sell your house after it is renovated.  Networking :)