All Forum Posts by: Kory Clark

@Mike Landry absolutely. I have that one small goal that I'm currently working towards.

@Jeff McCaskey That makes perfect sense. I enjoy hearing all different perspectives. I like to keep an open-mind. Starting off I do have my own ideal balance but in time that could change and someone else could help lead me to readjusting my balance. 

@Jacob Sampson Amen! Large piles of cash would be great. Being so young and not really having any expenses except student debt means I'll achieve "retirement" sooner but I want to set myself up for when life does happen and I am set (marriage, kids, etc...) 

@Jacob Sampson

Okay. I'm just starting out and really trying to figure out some goals. I just don't believe in the whole retire at 65 idea. My goal is to "retire" (invest full-time) sooner rather than later. Which is why I want to find that sweet spot of living off cashflow vs. reinvesting. 

@Jacob Sampson

Wow. That is impressive. Would you say your approach is on the conservative side? How close are you to the 25 unit goal?

@Jacob Sampson

Thanks. Do you have a sense of delayed gratification? When I get started ideally, I'd like to enjoy the fruits of my labor (sometimes) but I am also prepared to have patience. 

@Mike Landry

Good idea. When you have enough growth  and leave your W2, do you have a plan on balancing both? (Paying yourself and reinvesting)

@Joe Villeneuve

I think I can. Finding that sweet spot is what I'm looking to find. Being a new investor and college grad, I have no idea what that sweet spot is. 

@Kory Thaut

I agree that it's different for everyone. I'm starting off with house-hacking and working a regular job but I also want to establish a strong enough portfolio to where I can strictly invest, put money back into my portfolio and generate enough to where I don't have to work a traditional job anymore. 

Hello Everyone,

I understand that reinvesting back into your portfolio will help your business in the long run but what income do you live off of in the meantime? What is a good balance for living off of cash-flow vs reinvesting? 

@Curt Davis

The owner moved out of the area and keeping tenants in line from a distance has become a struggle for her. 

@Curt Davis

Thanks Curt. That's what I was thinking but I am also new to this and I just wanted to make sure I was right. I spoke to another owner who would sell at 31k but there is 2k worth taxes on the property. Would that devalue the property even more?