All Forum Posts by: Payton Reid

@Chris Webb I developed all of the Lidl grocery stores in the US and used to oversee real estate acquisitions and dispositions for Choice Hotels (large hotel company based in Rockville, MD). Currently on sabbatical spending time with my wife and daughter.

@Nik Corbaxhi thank you for the kind words Nik and congrats on your own success.

I appreciate the great feedback. It’s nice to hear from someone who has worked through the same thing.

Thanks again!

@Tom Shallcross thank you for the great summation! Really good info.

I realize that the debt method is a better CoC; just trying to get comfortable with it. I do like the idea of additional liquidity and renters paying down debt. I just need to ensure the property cash flows properly.

Thanks, again!

Thanks for the thoughts, Bjorn!

@Monique Sison I would recommend focusing your attention on finding a good paying job, save $5k for emergencies, move into a modest rental property so you can start living your own life, then start tackling your debt.

I would crush your student loans before investing.

I just purchased my primary residence in a new city with cash ($350k) and have another $250k sitting in cash.

Should I buy our first rental unit(s) with cash (after reserving 6-8 months living expenses)? As context, we have no debt of any kind.

I realize interest rates are low but don’t like the idea of taking out a loan if I can avoid it. Also, I realize mortgage interest can be deducted—but so can insurance and taxes which I would still realize.

Just curious on your thoughts. Thanks!