All Forum Posts by: Keri Carpenter

Monika Woods!  that's a good idea.  I have read his stuff from time to time so I'll take some time to check it out.

I make similar at my W2 and I can't take any losses on my real estate portfolio because I make too much to take a loss on real estate.  Business losses, however, are unlimited.  But the bite that I've found is that, unlike real estate "losses", business losses tend to be real money losses and, from experience, I wouldn't suggest it.

I'm 13 years into heavy real estate investing and technically I have plenty of net worth to retire on.  I reached my "financial independence" number many years ago.

However, I am still full pedal on the gas at my day job -- I'm a Senior Manager for Fortune 100 internet companies which I'm very proud of, particularly for a woman in this industry and enjoy.

I'm in my mid 40s so it's early, but I made all this money to retire so want to start doing that.

But I'm scared and really want to talk to some people who have actually retired off of their real estate wealth to get a sense of how it works out -- 10, 20, 30, 40 years out.

I'd love to hear your situation and share my own situation in the hopes of getting a sense of how this could actually work in practicality years out.

Hi Ilan! I'm an investor from sf too! I have accumulated 7 properties over the past 13 years and I am not convinced of BRRR myself. I personally buy and hold and I'm doing great! BRRR seems way too risky for me. I'm trying my first cash out refinance this year though mostly to get a down payment on a new home for my family but that's as risky as I'll go. But I can say that with covid I've had like 6 of my 12 units turn over this period and I'm still ok cash wise whereas i could have been sweating it if I were more highly leveraged. Im like 25% leveraged at this point so the refi will make it like 30%. Good luck!

Just a recommendation, listen to dani beit-or here.  I’ve invested on his recommendation for 2 of my last 3 purchases and I’m pretty happy.

I'm only about 20% leveraged.  I have never taken a cash out mortgage nor ever done anything but pay down the mortgages every month over the 10 years I've owned them.  I'm hoping to one day live off the cashflow.  I'm about 20 years out from retirement, but I'm hoping to/expecting to functionally retire from corporate life within a few years off the cashflow.