All Forum Posts by: Lauren Feltz

@Cody Cox has a note fund starting up which is also available for non-accredited investors. 

@Cody Cox At this point, I'd rather be a passive investor. If going into a fund I would be OK with non-performing if it's handled by a pro, partials of course performing.

@Gene Chandler I think the return/risk-reward applies in my thought process. I'd be happy to have a lower return for a less risky performing note partial. Heck, my savings account dropped to 1.15% which is ridiculous. I'm not trying to go crazy on returns but at the same time I always try to go by the golden rule of 'don't lose money'.

@Chris Seveney Thank you for those tidbits! BTW I've been listening to your 'Good Deeds Note Investing' podcast with Gail Greenberg and it's full of great info and examples.

I've been researching the idea of notes recently (in particular a non-accredited fund or investing in partials) as I'd like a super passive investment option that isn't the stock market. I feel as though the notes market is in an interesting position right now financially - millions of layoffs, with potentially millions of people losing their homes. But at the same time, if the working from home trend continues, the suburban and rural housing markets may not be able to meet demand as people flee crowded cities to a more comfortable work environment. This could be a win for both the performing and non-performing sides of notes.

We just sold our primary home and downsized to the nice unit of our 4-plex, so we have the cash to invest. I'd prefer to invest with the ideology of trying to help people keep their homes. I know that's not always possible, but I'm in healthcare and an admitted helper so I'd like to keep my investing of the same mindset.

What are the thoughts from the pros? What are your projections for the near and semi-near future with investing in notes during this crazy time? Thanks so much for your thoughts!

Hi All and thanks for your input!

My husband and I have a 4-plex in NH, which we bought in 2017 and have been fully renting out. We're selling our nearby primary home and downsizing to prepare for retirement by moving into the largest unit (thus 'reverse' househack).

We plan on refinancing once we officially move in to get a lower primary mortgage rate but have questions on the timing. We want to do a couple projects (update the kitchen, add in a new entrance, possibly go solar and go from septic to town sewer). Would it be best to do this before we refinance so that we can write off the costs as updates to the rental rather than our primary residence? If we have updates in the future after our refinance, is that all counted as updates to 'primary residence' rather than 'rental property' or does it depend on the unit updated? If its a big project like going on solar for all units, does that then get written as 1/4 personal cost and 3/4 rental property costs?

Thanks so much!
Lauren

@Basit Siddiqi @Chris Purcell Thank you for your insights! I was thinking more along the lines of a 'travel expense' write-off from the business, ultimately treating my unit as a rent/travel expense/hotel which is why I was getting confused. Sounds like I would need to separate church and state (or buying the house and business travel expenses) and shift towards an office write-off with all the other benefits of a multifamily house hack.

Our mortgage in NH is almost paid off (only 2 more years!!). We would easily be able to rent it either year round or Airbnb since we're in a very touristy area  -- and that's exactly the plan!

Hi all! I have an interesting question for your amazing brains. 

I'm a freelancer living in NH. I recently got a gig in Maine and the commute is killing me. My husband and I have always wanted to reach our investments into the area I'm now working so wondering if we can pull this off and take advantage of the situation.

We found a 3-unit near town with one unit vacant. Could we buy it with an FHA-type loan and house hack while I'm working in the area AND write off the rent of the apartment we'd be in as a business expense for my freelance gig? Or would we have to do one or the other i.e. househack with little down OR buy as an investment (20% down) and write off the apartment? I'd rather put less down but I want to be able to maximize this opportunity without making Uncle Sam raise an eyebrow. My business address would remain in NH.

Thanks for your insights!