All Forum Posts by: Michael Glaser

Going to write this post in bullet format for ease of organization...

Wife is an emergency physician. I am a contemporary cabinetmaker, ex-futures&options trader at CBOT. We have two children (age 3 and 6)

We are going to start investing into the rental market after we see what the corona virus aftermath is, it may never be 100% clear - however we will invest when things are a *little* more stable.

We have $200,000 / year of liquid equity we will be able invest, per year, for the next 3-5 years. Any returns will be reinvested. We would be happy with an 8% annual return, which from reading over the last 6 years appears to be fairly feasible. 

Why real estate? We want real property that can be sold in the future if-we-so chose. 

We have looked at Memphis Invest (ReiNation) to start out, and diversify in different types of properties thereafter. Turnkey seems simply enough, we do not mind paying for a *premium* service and feel we could learn a lot through working with them.

We live in Nashville (3 hour drive). There seem to be plenty of available homes there with not much work needed.

We do not want to be hands-on and would rather have a management company handle the micro-managing so we could macro-manage our portfolio. After all, our brain is only capable of making so many (good) decisions per day.

I am able to build and install brand new (very nice) kitchens (10' x 10' x 6' island) for $2,900, which is my cost, and can ship anywhere. I am a skilled painter and drywall installer as well. We're not certain how that could help *a lot* or maybe not-at-all, but I believe, through no evidence other-than my gut, that beautiful cabinetry will attract renters quick and create a delightful rental environment.

Any and all insight is welcomed. 

TLDR: New investors with 200k liquid capital/year for next 3-5 years. Want a mix of cashflow properties, buy and hold SFH, etc. Want real estate because we could potentially earn $18,000 per year for every $200,000 invested and in 20 years have the option to cash out by selling properties.

Thanks for reading!

Michael & Alessandra

EDIT [I posted this same thread in *new member* introductions, but frankly feel more people read this section so May be able to snag some more insight from everyone.

finish the rest without putting your heart and soul into it. Go buy home depot tile if you need too, it is still decent looking. Find a reputable realtor that INCLUDES staging in their commission (difficult, but a lot of realtors offer this)

market appraise it

then sell it. 

We were in a similar situation. Purchased a 1.1 m home 3 years ago. put 250k into (new roof, etc.).. We need out. Got it appraised for 1.4m 3 weeks ago, but recently more expensive homes have sold. Currently in debate with realtor for listing price. she wants to list 1.59.. we want to list 1.69. Either way- it is a phenomenal home and will sell quickly (luckily)

Kris Caldwell is an excellent realtor with compass, in the denver area. Tell him I sent you... 

 I am having this same issue

Going to write this post in bullet format for ease of organization...

Wife is an emergency physician. I am a contemporary cabinetmaker. We have two children (age 3 and 6)

We are going to start investing into the rental market after we see what the corona virus aftermath is, it may never be 100% clear - however we will invest when things are a *little* more stable.

We have $200,000 / year of liquid equity we will be able invest, per year, for the next 3-5 years. Any returns will be reinvested.

We have looked at Memphis Invest (ReiNation) to start out, and diversify in different types of properties thereafter. 

We live in Nashville (3 hour drive). There seem to be plenty of available homes there with not much work needed that are in B neighborhoods.

We do not want to be hands-on and would rather have a management company handle the micro-managing so we could macro-manage our portfolio. After all, our brain is only capable of making so many decisions per day. 

I am able to build and install brand new (very nice) kitchens (10' x 10' x 6' island) for $2,900, which is my cost, and can ship anywhere. I am a skilled painter and drywall installer as well. We're not certain how that could help *a lot* or maybe not-at-all, but I believe, through no evidence other-than my gut, that beautiful cabinetry will attract renters quick and create a delightful rental environment. 

...Anyway, Just wanted to take a few moments to introduce ourselves - without getting too detailed. 

I look forward to writing about our experience with ReiNation, perhaps through a residual blog. 

We are both excited to meet new people and learn/produce as much as we possibly are able.

Thanks for reading!

Michael & Alessandra

pretty safe bet that it’s working out great - or we’d bring seeing more negative posts. Just my 2 cents!

I’m sorry, but... how can two kids playing in a bathtub cause THAT much damage? Sounds like there *might* be some missing silicone around the tubs overflow or there is old/no caulk around the tub and tile... 

This is illegal and a bankruptcy attorney/court would never approve him filing for bankruptcy. 

More than likely, he racked up debt, lost a job or the company cut his pay dramatically. He/she had no emergency reserve and poof - bankruptcy.

it happens all the time with new doctors out of residency 

 Update?