All Forum Posts by: Kelly Iannone

@Luis Prieto Welcome Brett, great to have you here!

@Yaric Mifedov Welcome Brett, great to have you here!

@Dylan Raiche-Snater Welcome, great to have you here!

@Samuel Glantz Welcome, great to have you here!

@Brett Prescott Welcome Brett, great to have you here!

@Spencer Pillera Welcome! I’m a local investor with one property thus far and building capital for a second buy and hold. Hoping to do the BRRRR strategy next.

@Dmitriy Fomichenko I whole heartedly agree with this advise. Vanguard total stock market is the way to go, your betting on the entire market not individual stocks where you (and me) do not have nearly the amount of insights and expertise to make sound judgements. This is our “retirement” money...insurance if you will in case real estate investing doesn’t work out for us. We’re working on maxing our both our 401k contributions while also saving for rentals...once the 401ks contributions are maxed then all our excess gap will go into real estate. Will likely retire somewhere around a 50/50 mix of real estate and stock market investments. Money is fun!

@Sara C. I don’t have much to contribute here except that yes, that “warranty” is very vague. Be sure to have you SOW/Itimized invoice on hand Incase you need to prove what you components of the home were rehabed. Hopefully it doesn’t come to this, but that would be a valuable document if this ever goes to court to define what was done during the rehab. Good luck!

@Charlie MacPherson $36k for solar panels on a 1.3k sq for house...wow! Do you have a bitcoin mining rig there? just kidding We added panels to our 2.5k sq ft house for $22k...maybe because We’re in Florida we don’t need as many due to the amount of sunlight we get. That surprised me. Sorry to get off topic. 😊

@Maya Torres we converted our prior primary residence into a rental and now own a larger (not McMansion large), nicer home in a community we are proud of with great schools (aka property taxes are $$$$) to raise our kids in. The home we bought is well within our means but because we wanted this kind of lifestyle, we will only be able to fund 20-25% down payments every year or two. We also invest in our 401ks. -------- Think about your priorities, house hacking sounds brilliant and I wish I would have know about the concept before I bought my first house 15 years ago! If I started over (before marriage and kids), I would be hussling to house hack. Or moved every year or two to build up a portfolio. At this point, we are not willing to make those sacrifices. But you can! :-)