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All Forum Posts by: Justin Frye

Justin Frye has started 4 posts and replied 18 times.

Post: On Demand Side Hustle

Justin FryePosted
  • Newton, NC
  • Posts 18
  • Votes 12

@Trevor Ewen I kind of do a lot of things involving the company I work for. Primarily managing a trucking company.

I was just looking at buying this.  Thank you for the discount.  Just ordered the Premium!

Post: On Demand Side Hustle

Justin FryePosted
  • Newton, NC
  • Posts 18
  • Votes 12

I have been listening to all of the Podcast and have come to the realization that I need a side Hustle to help me on my journey to FIRE. My wife and I both make pretty decent money and we have 3 kids. We have and continue to do things that will help eliminate debt and help get us better prepared to start investing in Real Estate. I have a few hours a night, 3 or 4 nights a week that my wife is at work and the kids are in bed. I am looking for a side hustle that can be completed on a computer as I have time to do it. I am not really looking to create something that takes a few years to get rolling like a blog etc. More looking for a paid per task type of thing. It is very hard to find something legit in this space due to the overwhelming amount of spam and scams geared towards what I am looking for. What are you folks doing that may fit this bill?

I bought my personal residence and then found out later that their were old deed restrictions and ancient HOA just like you stated. I was told that the local entity would basically have to take you to court to try and enforce anything but that would never even be an issue as long as nobody ever complained. I would say that if you could get the permits or zoning for the B&B that you would be fine. However your state and jurisdiction may be completely different than mine so do not take this as legal advice or counsel.

Originally posted by @Casey Roloff:

@Justin Frye. I will cash out refinance once the property is stabilized and I have raised the NOI creating a higher market value. I'll then reinvest the funds into an additional property. Check out the BRRRR method, mentioned frequently during the Podcasts.

 So when you do a cash out refinance through a conventional mortgage are you not cancelling out all of the selling points you used to talk the seller in to seller financing?

Congratulations!  I am interested in the Seller Financing terms as well.  Also curious as to why you want to refinance under a conventional loan?

Post: Set It And Forget It?

Justin FryePosted
  • Newton, NC
  • Posts 18
  • Votes 12

All good information! Anyone completely hands free aside from managing the property manager?

Post: Set It And Forget It?

Justin FryePosted
  • Newton, NC
  • Posts 18
  • Votes 12

I was just curious how many of you have multiple properties and just let Property Mangers take care of all aspects for every property you own? How much money are you giving up a year for this?  Is this amount of money worth the hassle and aggravation of Landlording? How many properties do you have and did you find having a certain number of doors allow for you to switch to having a property manger?

I think the biggest reason that "No Money Down" is pushed so hard is because it sales!  No Money Down draws in all of the people that will pay someone to show them how to do something with no money, no effort, no experience. People do not want to pay 10k for someone to show them how to be successful while also needing 100k to do it. It is so counterproductive it is embarrassing.

Post: Quickest way to save for investing?

Justin FryePosted
  • Newton, NC
  • Posts 18
  • Votes 12

Also remember that it is easier to save a $100 than it is to make a $100 bucks in most cases.