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All Forum Posts by: Mitchlyn D.

Mitchlyn D. has started 36 posts and replied 335 times.

Post: Thoughts on these zip codes/areas in Jacksonville, FL?

Mitchlyn D.
Pro Member
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 342
  • Votes 142

@Lauren Ephrat Those zip codes vary street by street. I’m in 32254, 32205 and 32209. It’s all about what Tenants you place in your property and how you train them.

Post: From $200 to 70 Units at 24 Years Old

Mitchlyn D.
Pro Member
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 342
  • Votes 142

@Elijah Brown Mehn, you just lit some fire under my a$$ Bro! Good Job in using your loan and monies wisely. I like the hunger in YOU! You inspired US all that we could be doing MORE!

Post: Brick Waterfront 4Plex Rehab Jacksonville, Fl

Mitchlyn D.
Pro Member
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 342
  • Votes 142

@Audrey Johnson Hi Audrey and Congratulations!

You should upgrade one unit at a time once a tenant moves out. Keep the existing rents coming in to help with the cost.

Post: Jacksonville Fl investing

Mitchlyn D.
Pro Member
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 342
  • Votes 142

@Sam Drizin 32205, 32209 and 32254 are where we have rentals.

Post: Jacksonville Fl investing

Mitchlyn D.
Pro Member
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 342
  • Votes 142

@Sam Drizin Hi, my name is Mitch. Let me know what specific questions you have.

Post: How much time do you spend on BP????

Mitchlyn D.
Pro Member
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 342
  • Votes 142

@Esteban Jimenez Enough where I should be trying to become a moderator. Lol.

Good and well informed time well spent!

Post: Thoughts on Cashing out my 401k

Mitchlyn D.
Pro Member
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 342
  • Votes 142

@Tucker Cummings Gotcha! Yeah, Bitcoin is very enticing with all the returns I’m reading.

But I totally understand what your trying to achieve.

Post: Thoughts on Cashing out my 401k

Mitchlyn D.
Pro Member
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 342
  • Votes 142

@Tucker Cummings I took a loan out of my 401K for a down payment of $10K on a duplex. I didn’t cash all out nonetheless. So just an FYI as another option.

Also, you mentioned only made 8% last year on your 401K. I made about 30% return in 2020. Not sure how your diversified but check to see if you can research and possibly find a fund(s) with better returns (I’m not a financial advisor by the way).

Post: Anyone using 2 Cell Phones?

Mitchlyn D.
Pro Member
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 342
  • Votes 142

@Michelle Belinfante No, I only have a need for 1 phone. Tenants just call or text which is a rare thing.

Post: My first commercial apartment building!

Mitchlyn D.
Pro Member
Posted
  • Rental Property Investor
  • Jacksonville, FL
  • Posts 342
  • Votes 142

@Nicole (Dunlap) Pendergrass Boom! There it is! Welcome to the other side and CONGRATULATIONS!!!