All Forum Posts by: Kiet Ho

Im looking for the best cpa in mobile al

Can anyone recommend a CPA in Mobile, AL area?

@Kiera Underwood

Yea preferably in Alabama for my first investment. Even though I’m always on the road working and will have to hire a property manager I’d like to have at least the first few to be closest to home as possible.

@Brent Coomb

Who’s gonna rent my 800k home? All the money I’d be spending on that I’d rather be buying rental property with and by the time I feel like I need an “$800k” home I could easily buy it with profits from my rentals. I don’t see myself ever needing an $800k home being single with no kids atm. Even with a family that’s overkill. Maybe that’s where your mindset and mine differ.

Thanks for all the information everyone! I will assess the situation accordingly when I find the right property to invest in.

@Brent Coombs

I don’t own my own house yet. I’m always on the road traveling for work and live out of a camper. What is your point though?

@Gina Woolfolk

Worst case scenario I can always sell the property and hopefully get all my money back right?

@Gina Woolfolk

This was my thought on it. I don’t wanna owe a buncha mortgages and something go wrong for me.

@Michael Plante

I’m able to stash away a little over 13k a month at the moment. I am looking for properties in the 200k range atm. I just don’t wanna owe a ton of mortgages if something were to go wrong.

How do yall feel about buying a rental property all cash? This will be my first investment and im wondering if it will be a good idea. I am fortunate enough to work a job I love that makes me a decent income. My plan is to buy a rental house all cash so I dont have to worry about mortgage payments and all the rental cash will go towards my next investment. My plan is to save income from my job and rental income to buy 1 property every year and rent them out. Is this a good strategy?