All Forum Posts by: Kristi K.

I recommend that you delete your account immediately and don’t make any connections on a public forum after telling everyone you are soon coming into a $10 million payday. There are a lot of good people on this forum, but there are also a lot of people that just want your money….

Sometimes it is hard to differentiate the two.

3 Votes

Charlotte, North Carolina

Quote from @Chris M.:

So the mortgage would remain unchanged but the ex could be removed from the deed?

Chris, this is exactly how I did it in 1987. He did a quit claim deed to me. It’s dangerous to do for the ex though because if you don’t pay the mortgage they are still responsible for the mortgage.

0 Votes

Jersey City, New Jersey

Quote from @Arlen Chou:

When my kids were a little older, I started taking them for short periods of time to some of my renovations. Not to work, but to have fun. My thought was that anybody can do demo. One of my fondest memories was taking my 10 year old son and 12 year old daughter to do some demo on a kitchen. It wasn't about being efficient or doing it right, it was about making it fun. I put eye and ear protection on the kids and handed a hammer to my daughter and an old baseball bat to my son and told them to go to town. At first they didn't understand, but I took the bat and took a full swing at a cabinet. After that, they were booth hooked on demo. Another time, I told them we were going to paint some "graffiti". We went into a unit, and I handed them paint brushes and a bucket of primer and told them to paint what they want wherever they wanted. Teaching like this slows down the renovation process, but when the goal is generational wealth building, a week or a month delay is nothing.

This is classic. I love it. I'm doing the same with my grandkids. Thanks for sharing.

2 Votes

Pittsburgh, Pennsylvania

Quote from @Jim K.:

I have no expertise in this sort of thing and don't know how I should invest this unexpected windfall. Can anyone help me deal with this?

You missed your calling. Your name should be on this list:
The 30+ Best Living Novelists & Fiction Authors Today

3 Votes

Pittsburgh, Pennsylvania

Quote from @Jay Hinrichs:

Quote from @Account Closed:

your use of the English language and your writing skills do not portray a high level employee, more like a janitor or something.

Haha, that’s an insult to janitors Jay.

3 Votes

We just replaced the batteries in 52 smoke alarms last month. We also go in and change the AC filters every 90 days. It costs less than $200 per house per year to do this. I don’t believe it’s the tenants responsibility, It’s my house and I’m going to protect it and the tenants as best as I can. Most of my tenants pay close to $20,000 a year in rent, it’s a small price for me to pay to ensure their safety.

2 Votes

Quote from @Forest Wu:

Listen to Paul Moore’s how to lose money episode 157, you will gain a whole lot of respect for @Brian Burke

3 Votes

Quote from @Bruce Woodruff:

I like being able to actively influence the value of my asset..... :-)

Couldn't agree more. I got out of the stock market in 2016 (pretty much) because it killed me to see $50,000 losses in one day. Best choice I've ever made.....

0 Votes

Columbus, Ohio

Quote from @Jacob Sherman:

we're at 30% down on the purchase and covering 100% of the construction . no income no doc no reserves and no experience required

So I've got an empty lot that is ready to build on, paid for in cash years ago. You will cover 100% of the construction costs, no income, no docs, no reserves, but I have experience. What are your terms?

0 Votes

Charlotte, North Carolina

Quote from @Dave Meyer:

So, back to my original question. Is RE still the best asset class?

What do you all think?

I had a 33 year career in semiconductor manufacturing in Austin and started putting 17% of my salary into a brand new thing called a 401K when I was 21. After the dot com bust in the late 90’s I really concentrated on diversifying my 401k and averaged a little over 12% per year for the next 16 years. When I retired in 2016 I turned that 33 year old 401K into 17 B class rental properties (I was tired of losing $50,000 a day in the stock market) and almost every one of those properties are at an infinite return now. Timing was a huge part of that, I couldn’t do the same thing in 2024 like I did in 2016/17 but I kind of wish I would have invested 17% of my salary into Austin real estate in the 1980’s instead of my 401K. Location, location, location….

3 Votes

All Forum Posts by: Kristi K.

Kristi K. has started 16 posts and replied 365 times.

Post: Beginner with Large Capital Access ($10M)

Post: Awarded house in divorce decree, can I remove with quit claim deed?

Post: GENERATIONAL WEALTH: Do you worry about your kids?

Post: FOUND: $642K and gold behind a water heater

Post: RAD Diversified SCAM ALERT!!!

Post: Smoke Detectors in Rental Properties

Post: List of Syndicators/GPs to AVOID?

Post: RE Investing - Not a good option right now

Post: Looking for a Lender for a Rehab - Fix and Hold property

Post: Is Real Estate Still the Best Asset Class?