All Forum Posts by: Justin Kurpius

Nick - what are u seeing now? 

If rates are low but banks won’t / can’t lend, it doesn’t matter. Liquidity is drying up at a rapid clip. 
 

We are heading into a global recession. A majority of consumers and businesses are over extended. Liquidity will be a problem. Although interest rates will be low, banks will be lest likely to lend. It's possible this will spill over to REI

@Pancham G. Congrats. I look forward to checking out your podcast. I hope to be u in 7

@Jennifer Edwards if u haven’t already, put Jay Scott’s book on estimating rehabs in your books to read list

@Michael Class. Not at all. Think of it as other people’s money.

Work with bank to look at a 20 year and see where that puts u.

@Thomas J Monson

Check city ordinances first. If not allowed, will give u an easy NO

If allowed by City.....say yes if they build a chicken coup of your design on their dollar correctly with the city. When they move out, use it as a storage shed.

@Bijou Diaou. Partner with someone to build a mentor. But bring a good deal with u to share.

Good luck!!!

@Jonathan Yeh

Starting with a sprint!!!!! It’s a risky venture being your first. If u can take on the risk (loss of time, money, sanity)......do it! Two possible outcomes if you r ok taking on the risk:

1.) it works, u learn A LOT, and apply what u learned to your next one.

2.) it doesn’t work. Totally fails. But u learned EVEN MORE than u did in first scenario and can apply what u learned going forward.

Win win.

-Justin

@Blake Edwards

IMO:

1st: invest enough to get the match if your employer offers one.

After match:

If u have the expertise/knowledge/determination, stop your 401k at the match and invest in passive income (smart levered real estate preferred).

If u do not have the expertise/knowledge/determination to invest passively, consider continuing 401k beyond the match.

Reasoning: 401k has limitations(what u can invest in, not a good tax shelter account) and is taxed as ordinary income when pulled out (vs being taxed as passive income with massive deductions). Moderate risk (stocks) will most likely yield 10% gains max over the long term, but without leverage. Real estate, with leverage, will return more than the stock market over time.

So, I am capturing match and deploying other income in passive income structures.

-Justin