All Forum Posts by: Nicholas H.

@Axel Ragnarsson Congratulations on your success and at 24?? awesome stuff. Im 26 and currently working

on debt reduction with one rental under my belt lol. anyways I do have a question for you though. How are 

you finding your multifamily properties? silly question but 10K i'm assuming is just paint and carpet if that... 

so thats a little under 50k equity?? how you finding deals like that? 

@Michael Glaspie Hey Michael! my agent usually does a 200$ home depot or lowes gift card based on whats closer as well as special gift. example- custom welcome mat or a front door placard with clients last name on it. if its a repeat client or customer or partner it would have to be more personal such as idk maybe local sports team tickets or shows doesn't need to be crazy but they wont forget you ever. 

@Eric Thomas hey man welcome to the site! i am also from VB/Norfolk Area . i recommend listening to all podcasts until eventually you find one that will start that fire inside you. read as much as you can and sign up for the free webinars with @Brandon Turner. they Are AMAZING and super insightful .  there is one today so look into that . good luck my dude

@Jason D. I agree 100%.... on both sides of the coin one side you free up that 800 dollars and get a return. or you invest and potentially make the same on and investment.. thank you for the reply 

Alright. So I'm going to be as transparent as possible without giving away too much personal info and i want to get professional feedback. I have a townhome that is making positive cashflow and i have my primary mortgage. I have acquired these through the power of a VA loan without any money down. i have used up all my VA eligibility. I have some cash reserves not much. The big old kicker is that i have about 45-50k in random consumer debt that i would love to just pay off and free up so much cashflow to save, invest, vacation etc. I am by all means not struggling . My family lives a comfy life with eating out about 2-3 times a week and buying things if we need them but the debt excluding mortgage related eats about 47% or more of my monthly income.

SOOO.... to continue onto the actual question that i had. should I continue saving the small amounts that i can for my next big investment (6-8 units) and continue making the mins,  OR free up the hundreds of dollars per month that is going right out the door to payments and interest. Either one i do will be priority no half in half out 

For some, this is a very simple equation. DEBT=BAD or save and continue to invest. i guess i just want to see where other young or seasoned professionals think and if anyone has any tips and tricks. Thanks for the love ;) 

@Susan Herschell I would just say I’m a private estate asset manager.

@Rhett Z Begley awesome thank you I’ll look into it

@Robert Siverd thankyou for the reply I’ll look into it

Hey BP community! Looking to see if anybody has had experience with Property mangers in the Hampton Roads, Norfolk, Virginia Beach area. We can’t seem to find anybody who we are willing to pull the trigger on. Most have like 50/50 reviews. If any experienced investors have any insight that would be much appreciated. We checked about 6 local PM and still haven’t found one we trust completely. Any tips would be great. Thanks everyone!

@David Smit. I wouldn’t call it greed. I think it’s more of having a clear goal. Most people who you hear throughout the podcasts and blog aren’t even Financially free or independent till they reach about what? 40-50 property’s. Than at that point they don’t have to work ever again.. now to set it up where you don’t have to worry about money again, that’s a who didn’t story maybe 200-300 property’s and you can give the world the middle finger. Now to have a legacy and pass down for generations something you achieved in lIfe and wealth that can change the world for the good... to me that sounds like a pretty solid goal. So I think enough is when you feel like you can use your ideas to make a dent in the world not just your bank account. Also @GrantCardone talks about In one of his video on YouTube that a million isn’t even enough to buy you a good lawyer, you need at least 10 million to live free. So quick math 500 property at 1000$ is only 6 million a year if all property are 100% paid off and that doesn’t include any expenses. So who is greedy? Seems like sky is the limit