All Forum Posts by: Kegan Brenner

@Drago Stanimirovic thank you for this reply! These are all options I have been looking into. As far as REIT's another area to diversify, can you give me some suggestions here? There are many companies out there and I wonder what the best strategy/fund is for choosing a diversified REIT through Vanguard.

Alright guys, agree to disagree. The beauty of investing...you do it how you want! I appreciate everyone's insight in this and hope to chat again soon!

Cheers 

My wife and I do both have term life insurance that we plan to stop at some point when we are comfortable. We bought a dental practice and I personally feel that this gives us comfort knowing that we will be okay if something were to happen to either of us. Especially when this practice is still our main source of income and will be for quite some time! 

I appreciate all the input!

Thank you for this idea! I am currently 30 so I will keep this in mind for the future!

Thank you for all the replies! What I love about diversification is that it can vary depending on your personal goals and needs and it is ever evolving!

My wife and I are currently starting out real estate journey. 1.5 years ago we bought a dental practice, and last year we purchased our dental office building priced at around $2M with $500k in equity. We currently max out our Roth 401k, Roth IRA, and $2k per month into our vanguard taxable account. I want to see what you all do (aside from real estate) to maximize that tax free (or in taxable stock accounts as well) retirement income. Would love to see how you all diversify!

@Jonathan Greene which ways would you suggest here? Would you suggest what @Logan Singleton is suggesting? Logan thank you for the reply! Still do you think this is worth it given our housing circumstance?

@Logan Singleton Can you explain a bit more how the second mortgage would work and the blended rate? I have heard of this concept but not familiar enough to move forward. Thank you!

@Dave Foster Thank you for the advice, I really appreciate it!! Would you ever refinance (not sure I will ever get another matched or lower rate) but take out the equity for more properties?

Hello BP Group!

My wife and I have purchased the real estate to our dental office and want to see how we can maximize our refinance. Our current interest rate is 4.32% with a 15 year note. We current have about $500k in equity (down payment and loan pay down). We live in an area where prices for houses around around $700-1,400 a sq ft (and climbing!) and hardly anything available. We have been lucky so far but landlords are increasing rent insanely around here because there is a housing shortage. 

I know this is not your "typical" reason to refinance, however, I am wondering what you all think about using that equity on a home purchase as buying a home right now is extremely important to us not only for just having a home, but also prices will not come down for quite some time with our housing shortage.  I also want to purchase a home since we have a business here! I would only refinance if the interest rate is below 6 (I know it is higher than what we have) but my worry is that if we don't act soon we will not have a home for less than $1.5M here soon (which to be honest here is about a 2 bed 2 bath house so pretty small). I was also thinking that this may lower our office building payment which is good for our personal cash flow with other investments moving forward.

Thank you all for the advantages/disadvantages and I hope this doesn't come off as an irresponsible thought.

Kegan