All Forum Posts by: Taylor Reichert

Andrew Syrios This was .5% BELOW my approved interest rate. I was misunderstanding the ad. Thanks everyone for the input! Even though it was a false alarm it showed me how unprepared I am. I mean if 25,000 was to really fall in my lap I need to have a true game plan. Joe Villeneuve

Ok, false alarm. They said they will REDUCE the rate I qualify for BY 1/2%. But I still like the idea you presented @Joe Villeneuve . I will be looking for opportunities like that as I save. 

@Joe Villeneuve  

I like that. I have no experience in investing. That could be a great way to learn and get my foot in the door. 

@Daniel DiGiacomo 

Absolutely. I assumed 5 a year loan and ran the numbers and the cumulative interest is a mere $310.01. I don't know the actual terms yet. I will make the call.

I don't know if its fixed or variable. 

I just received an offer in the mail from a bank I have used in the past. They are offering 25,000 at .50% with no origination fees no prepayment penalties. It says "Can be used for debt consolidation or another purpose" thats all I know at the moment. Has anyone used a loan like this? Seems gimmicky but also useful. 

Thanks all! 

Natalie Wilhelm You should check out the Bigger Pockets podcast show #2. It talks directly about women in real estate investing. In fact, there a numerous women on the shows that have success stories. I don't remember all of the show numbers but they're all worthy listening to. That would be a great place to start. Just remember only you can hold you back. Good luck.

@Elizabeth Colegrove 

I know exactly what you mean. "Networking fee" is a bit harsh but its the first phrase that came to mind.

I'm still saving and maybe one day I'll just be the investor but until then I'll rack my brain. 

Thanks

Ok. I know a contractor wanting to do flips. He is willing to split profit 50/50 with an investor who will fund the deals. I don't have enough money to partner with him. But what if I could find the investor? How would/could you monetize on this situation? I have a few things rolling around up there but I'm not even sure how to make it happen. I'm interested to hear your ideas. Thanks! Taylor

Elizabeth C. Wow. 1-2 hours a month. When your busy how bad is it?

Hello,

I am interested to hear from the landlords that have 40hr/week jobs. Specifically ones you can't break free from during the day. My goal is to replace my income with rental cash flow before I CONSIDER leaving my job. If I figure right I'll need 20+- properties.

How many properties do you manage?

How much time do you spend managing them?

At what point would you think about leaving your job or hiring a Property Manager?

Those who have done this, please, chime in.

Thanks!

Taylor

@Chris Kennedy 

Woohoo! Sounds like a plan.

@Andrew Syrios 

Makes me wanna grin and rub my hands.