All Forum Posts by: Phillip Cassaw

@Solomon Ganz

I'm in your exact same boat...spent the last 12 years in finance making 6 figures with no real upside. I put in my notice yesterday and will be doing real estate full time beginning in January. I don't expect it to be an easy journey for me, but that's what's exciting to me. I've spent too long being comfortable with a steady paycheck and it's time for me to shake things up. 

In my first few years, I don't expect to replace my corporate salary, if I do, great! but if I don't, I'm fine with that. My focus is going to be on hustling and building my business to be sustainable for years to come.  

For me, the decision to "take the plunge" was not an easy one, terrifying as hell, actually. But like you, I'm young and if I fall flat on my face, I can always go back to corporate life. At the end of the day, I don't want to look back and say "I should have tried"

Best of luck in whatever you decide!

Cheers,

Phil

Great job on the flip and info on auction.com. I've always been curious about using that site, and have wondered about the unpaid balance + fees (see below). Are you responsible for the unpaid balance?

Est Opening Bid:$110,000

Total Est Debt

(Unpaid Balance + Fees): $179,200

Thanks,

Phil from Arizona

Hey everyone, I have a dilema...

I currently own a house in the Paradise Valley area of Phoenix. I bought the house in 2012, pretty close to the bottom, and now the home has appreciated to the point where i'd clear a little over $100K if I sold. My question to you is, should I sell the house to free up capital to invest in other properties, or keep it and rent it out? Side note, I moved away for a couple years and rented the house and was clearing ~$400/month, so I know it's a good rental. If I keep the house and rent it, it will take me some time to build up enough capital to purchase another house. Lastly, the market in Phoenix has gone up so much over the past few years that if I was to sell my house to buy another investment property, I probably wouldn't be able to clear as much cashflow as I would if I rented my current house. Thoughts?