All Forum Posts by: Randy Bloch

@Annie R.

@Tushar P.

Not sure cash preservation is the word I would use, but solid cash flowing REI behaves much more like a bond than a stock, and That is how I position it from diversification standpoint. That is not because of the rate of return or the risk...those will very greatly based on what u Invest in.

I don’t think a book will solve this. What is the challenge?  Do you use mint.com?

Daniel and Joe's advice seems appropriate and I would recommend before a therapist.  As you mentioned these items will be very foreign to a therapist.   

Maybe more color on what problem are you trying to struggling with as it was not clear to me.  

You have reached FI and you are struggling with life's purpose?

You need support in your goal to reach FI?

You need emotional support for entrepreneurial endeavors?

If your positive u are going to relocate and positive you willsell When u relocate then it doesn’t make Sense.  Pretty simple....any decision otherwise would based on the probability that either of those two don’t happen. Only you can handicap them.

I would not recommend doing this approach indefinitely, u need to true it up on annual basis, for this u can look at sales of similar properties on Zillow and also compare to the zestimate and then do a true up.

I don’t update my balance sheet for appreciation monthly, only annually.

You cant count your new escrows as closing cost as your old mortgage company will refund the escrow they have.  This can be quite big amount and is probably what the difference is.   

Good luck...I been looking for this for a long time and have not been able to find suitable partner. 

 I have joined some investment groups and use some of the other members to bounce ideas off of and get advice.

@Matt Whitney

I second the forbearance and Airbnb combo. This could help him get back on his feet. Since he was in the hotel industry maybe he could take on some other Airbnb work with other owners? Property manager or handyman? Airbnb as to be big in the Florida Keys?

i would not put any money in a retirement type account (Roth, Traditional, HSA) that I am considering to be an emergency fund as there are consequences to accessing those type of account in emergency.  Also, I would not save up an emergency fund and then take it and invest in real estate with no emergency fund.  You should have the emergency fund and the amount you want to invest in something else like real estate...now I did not have that when I started and I am sure many other did not as well, but it will help you sleep better. 

I had a significant emergency with sewer line backup that resulted in 35k in immediate repairs to my duplex.  Having an emergency fund made this much less stressful...now sense I have stable W2 job I could have probably survived this with taking on credit card debt....but then I would had to dig out from under that.

I can see how that might be frustrating...the only idea that I can think of is continue to pay down the mortgage until you pay it off and get a reverse mortgage to access the equity.  I don’t know much about reverse mortgage requirements.