All Forum Posts by: Nasson Raymond

@Adrian Smude couldn’t agree more......I personally think it’s a great thing to do, and it works when it comes to tenants retention. Some people might disagree, and that’s ok, but we all have different strategies on how we run our businesses. It’s just a good business strategy, in my opinion. Much more success to you!

2 Votes

Can Tax experts help to clarify this? https://www.sfchronicle.com/business/networth/article/Small-real-estate-investors-might-miss-out-on-new-13181697.php?utm_campaign=email-premium&utm_source=CMS%20Sharing%20Button&utm_medium=social People who own just one or two rental properties might not qualify for the new 20 percent federal deduction that big-time real estate investors and other pass-through entities will get starting this year. The federal tax law passed in December lets many pass-through entities such as partnerships and sole proprietorships deduct 20 percent of their “qualified business income,” with some limits. These are called pass-throughs because the business pays no taxes. Instead, income flows through to the owners and is taxed at their personal rates. The vast majority of U.S. businesses are pass-throughs.

0 Votes

Congrats Joseph! Very well done.

0 Votes

I will plan on being there. Thanks for setting this up.

0 Votes

Congrats Steve! 4 properties in 90 days is no joke. Smart move to utilize your connections' knowledge and experiences, really helps to build the confidence and shorten the learning curve. No need to re-invert the wheel.....Keep up the momentum!!! Looking forward to reading more about your success.

1 Vote

Originally posted by @Albert Bui:

I currently utilize this strategy personally.

I have a commercial line of credit that I practice pay check parking with.

Pay check parking is the practice of parking all free cash flow that you bring in each month after you've set aside your cash reserves (emergency fund). The reserves each individual or person decides on can be subjective but a general amount is 6 + months of cash for all monthly expenses.

I also help folks setup their own via:

- HELOC - home equity line of credit which is a decent pay check parking facility/tool/product - interest is based on average daily balance per month

- AIO "All in One," loan which is one of the better products to practice pay check parking to greatly reduce your daily cost of interest since it combines a checking account (routing # & account #), has caps to the rate unlike HELOC's (lower risk), and is a line of credit based on interest only (1 month Libor + 3.25-3.75% margin).

- Commercial lines of credit - CLOC's - simple interest based on rate/365 similar to AIO but the account does not sweep each night there is a min interest monthly payment similar to a HELOC (AIO sweeps daily at 12:01 AM)

The strategy can be done with some other vehicles too like personal lines of credit but the problem is personal lines generally have a really high interest rate so I dont recommend using those.

Hi Albert,

This is great info. I am really interested in learning more and trying this strategy. Would you then say AIO is better than the regular 1st position HELOC? Trying to figure out the key differences between the two.

Thanks again for sharing

Nasson

1 Vote

Congrats on your massive success in a very short time!!! Thanks for sharing your story.

0 Votes

Great info. Thanks for sharing!

1 Vote

Congrats! Looking forward to hearing your progression and experiences with the Milwaukee market.

1 Vote

Hi Michael,

Welcome to the BP! It's never too late.........you just have to make that first step. I also just started investing in the Topeka area. I do work in Topeka too. I have sent you a request to connect, may be we can get together one of these days and share ideas.

Thanks,

Nasson.

0 Votes

All Forum Posts by: Nasson Raymond

Nasson Raymond has started 4 posts and replied 30 times.

Post: Holiday gift for tenants

Post: Small Rental Investors might miss out on tax deduction?

Post: 0-14 Doors in 16 Months!

Post: Topeka and Lawrence Kansas Networking RESOLVED

Post: SUPER SHOUTOUT SUCCESS STORY: $6k gross rents in 90 days?!?!

Post: First Lien HELOC Strategy

Post: How I built a portfolio of 35 rentals and $10k+ monthly cash flow

Post: Birmingham Market by Class

Post: Bought my first out of state Investment in Milwaukee WI

Post: New Investor in Topeka, Kansas