All Forum Posts by: Kyle Robertson

@Kamal Tripathi

I have the same concern, however I came across a great quote that I’ve added to my Real Estate goals... #realestatewithapurpose. If I need a new car, I buy an investment to make the payment. If I need health insurance, I buy an investment to make the payment.

I won’t be quitting until all of my expenses are covered twice, and I’m almost there.

 Man, I feel like I just wrote that.  You summed up my exact feelings, both personally and about the macro economy.  My W2 job will get me through a recession, but I’m not 100% confident in RE after living through 2008.  About a year ago I tentatively set June 30th, 2021 as my quit date.  At this point I’m still narrowed in on that day like it’s the only light in the dark. But I’m scared as hell about what might happen between now and then.  And I don’t like living my life that way. 

@Kai Van Leuven

I love this. I don’t know why this is so dang tough for me just to jump. I have a stay at home wife and three kids, so the idea of turning away from a steady/safe paycheck is beyond scary.

Hey y’all. I’m standing on the edge of the cliff of quitting my W2 job and I’m wondering if I can fly. I’m at a point now that many have been in before. I’ve been miserable for years in my career. Instead of letting it drag me toward an early death I chose to start investing in real estate about 7 years ago. My goals were (and still are) financial independence through rental income so I have the ability to watch my kiddos grow (ages 3, 6, and 8) and travel with my wife of 12 years any time I want (never heard this one before, right)?

Last week I closed on an apartment deal that brought me up to 50 total doors. All of my properties (four apartment buildings) are leveraged with commercial financing. My net rental income now matches my W2 income and I think I can do this. My wife, maybe not so confident. I don’t blame her, it’s terrifying. But I feel like our goals are in sight. Please give me some motivation through your success stories of retiring on your rental income!

@Chris Heppner we just closed two commercial apartment loans in September, both at 20% down. Arkansas and Tennessee. One was a commercial bank and the other a credit union.

@Yonah Weiss thank you sir! When would be a good time? Email or phone would work best for me, I could do either.

We are under contract on our 4th small(ish) apartment building. Our total doors after closing will be 50. I’m trying to learn more advanced tax strategies and this one is something I don’t quite get.

This building will be a complete remodel/value-add. We are doing some structural repairs and a lot of cosmetic updates. That being said, at what point do we tackle cost segregation for tax benefits? What did you do? Thanks!