All Forum Posts by: Paul Vail

I just switched all mine over from Foremost after my most recent escrow adjustment. I used a broker through Allen Tate. He requoted all of my policies including auto and umbrella. Saved me about $2,300/ yr across 4 properties & auto.

I'm happy to pass his contact along.

Ryan, I'm also interested in your recommendation - who to contact. Thank you.

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Quote from @MJ Jackson:

Hey, I am looking for some good REIAs to attend. Any idea when the next BP meetup will happen?

There are two in the area: TREIA and NCREIA. https://www.treia.com/ and https://www.ncreia.com/

1 Vote

Quote from @Jeff Williams:

@Luke Jones

Ball and Minor has offices in Garner and Fuquay

David Ball has a ton of real estate property.

According to their website, they are not presently taking new clients (2023.07). https://ballminorcpa.com

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@Ashish Acharya, @Dmitriy Fomichenko, @Jeff Nash - could the OP consider a SD-Roth for his LLC and original idea, if they plan on keeping things totally passive?

0 Votes

Quote from @Sean P Colon:

So there are so many more podcasts you mentioned. I was hoping to eliminate noise, not add to it. can you recommend specific episodes you would recommend starting with? We have read brandon turner, and real estate rookies, rich dad poor dad for mindset adjustments. but we still have no real idea how to navigate this website on how to start. I agree saving $ and having our credit in order is super important. But in terms of practicing how to read a market, or start to calculate things like rennovations. We just need to start somewhere. and thats an issue.

I'd suggest starting by joining your local REIA. Spreadsheets for renovation costs guesstimates? Loans or borrowing money? Your local community will have items most appropriate to your market.

0 Votes

Chicago, Illinois

I know it seems tedious, but I'd suggest the BiggerPockets podcasts as they are in chronological order. Yes, Josh & Co were getting their style and their feet wet years ago, but a lot of the best basic information comes from their stories of learning how to do stuff. There's whole stretches where each week, one great idea after another was examined with guests. Yes, I found myself telling Brandon to STFU and just let the guests or Josh get useful language in edge-wise, but the eager-beaver part of Brandon's personality does bring out all kinds of 'I would have been too embarrassed to ask that but I sure am glad he did' moments. And the information builds upon itself. Rather than 'talk radio' or the news droning on in the background, or music i've heard a 1000 times before, I can just put the podcasts on in the background as I work on the house or mow the yard or watch the moon come up at the backyard fire. Free info, mostly quality --

I would also recommend some others such as Big Picture Retirement for broadening your horizons.

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Chicago, Illinois

Quote from @Renee Williams:

Quote from @Paul Vail:

One overlooked tool is the AmEx card from Lowe's. It is fee-free, and carries the automatic 5% off all Lowe's purchases. I used to work for the chain, and we promoted the card with other perks such as discounted delivery fees ($79 dropped to $20 for flatbed and truck drop offs), and perks with the Lowe's volume pricing tools for contractors and pros (where bulk purchases would be run through a pricing tool - sometimes with much more significant discounts than the 5%). I'm not trying to be a shill for the blue store - but it's a decent tool and far more useful and flexible than the in-house cards offered.

Valuable info - thanks Paul! I had no idea….

You're quite welcome. You can also issue cards for other staff (or family, if they are your staff) on the same parent account. Can help with expense tracking and make your accountant all hot-n-bothered with a precise paper trail.

0 Votes

Baton Rouge, Louisiana

Quote from @Eric Castaneda:

@Charles Carillo @Ash Hegde Thank you guys. Need to look into a HYSA that will give me the best interest on my money.

@Paul Vail Thanks for breaking this down for me. I’ll look more into the information you provided!

You're very welcome. And please don't read too much into my post. I am NOT suggesting investing in the market is a bad idea. Only if you need to have a 'reliable' chunk of principle at the ready in your timeline. I'm a huge fan of investing in the stock market, particularly with tax-advantaged accounts and using ETFs such as VTI+VXUS as an example. But I'm also a huge fan of having 'safe' cash available and for your stated needs, I'll stand by my earlier post :)

1 Vote

Orlando, Florida

Our family has been pretty happy with the ACA HDHPs - big fans of HSA accounts. If the coverage and the tax-advantages suit your needs, might be an option.

0 Votes

Orange County, California

4 Votes

Baton Rouge, Louisiana

All Forum Posts by: Paul Vail

Paul Vail has started 6 posts and replied 189 times.

Post: Multifamily Insurance Recommendations

Post: Raleigh NC Beginner Rehab

Post: Raleigh,NC CPA Referral

Post: Real Estate to fund SEP IRA?

Post: newbies and podcasts.

Post: newbies and podcasts.

Post: Business credit cards recommendations to build credit!

Post: Saving for a First Home! How to make the most of my principal

Post: Health Coverage for Landlords

Post: Business credit cards recommendations to build credit!