All Forum Posts by: Ratan Khatri

Investors are welcome to attend an open house to discuss investing in Muskegon's booming rental market and rehab market and the the Pot industry. Local experts will be attending to help answer your questions about the local real estate market and its potential opportunities. Also a discussion on short term rentals in Muskegon. Saturday 11Am to 1230 PM. At 1365 Lakeshore Drive /Mcgraft. Muskegon,  Mi . 49441. And weather permitting, followed by Lunch at the Deck, on pere Marquette beach. October 9th, 2021

Absolutely, I am grateful for all that I have, and our job becomes to keep our tenants happy and continually improve our assets so they build and retain value, and manage our cash flow to its  highest and best use. 

Happy Thanksgiving folks, as a property investor,  my personal residence is basically free. Yes, I have a mortgage,  which is basically the same as paying rent, but it's to the bank, and I have to do my own repairs . How is it free? The  same as my car is free, yes, I have a payment on that too. It's free because I have acquired enough rental properties that after expenses, pay for my house and car and utilities and insurance,  and my travel expenses. My tenants are paying for my growing equity and and one day when I sell my residence,  I will take that equity with me. After many years of investing,  the conclusion is that all my properties are free, as my tenants pay for them. Any down payments I ever made were paid back, any repairs and rehabs and expenses were ultimately made by tenants. So , within reason, and with plenty of reserves, I say , buy the biggest house your tenants can afford for you. Enjoy the house,  give your kids a great experience with good schools and and a safe environment, they grow up, they go away, get married and leave you with a big house to sell and harvest the equity you built up, and then you move to Florida and wait to go meet God, while playing golf and hanging out on the beach. And in the meantime , I am selling some of my assets and investing passively in multi family syndications.and occasionally picking up deals and flips to keep my hand in it for fun and profit. Living the American Dream, 

I didn't know specifically about this, I would check with quest or Advanta and ask them, my thought is that as long as you have a self directed account with a third party administrator, how its funded should not matter.  Having said that, your employer might not let you choose where you hold your account or what type of investments you can choose?.

Yes, everything has to flow through the HSA,  my property management company handles the house, I can only direct the traffic, I can't mix up my pockets,  it's a stand alone entity. I can contribute an annual amount to my HSA should it need additional capital, otherwise it would violate the rules of the HSA. 

For this HSA,  I used Advanta from Florida,  for my Roth I use Quest from Texas. 

I have other revenue from the rest of my portfolio to cover non medical expenses, the triplex should generate enough revenue so that I probably won't have to make another contribution, when I sell the property the proceeds will just go to my HSA account and sit there until needed. This works for me at this point in life especially with having enough revenue to cover my monthly expenses. Best regards. 

Hi Matthew, 

please let me know if a package of sfr portfolio comes up for sale in your neck of the woods. Thanks 

Ratan 

Speaking as a former owner of a property management company, who sold the company to a larger property management company. The transition from being the manager to being a customer whose portfolio is now managed by someone else has been an interesting journey in learning how to let go and watch things happen. My company was a quarter the size of the company that took over my book of business. So they have different procedures and policies that I had to adjust to. I communicate frequently with their bookkeeper about my payables and balances, they handle all the city inspections and schedule, they handle the day to day maintenance , they handle all the rent collections very well.

it's been a year now, since then the freedom has allowed me to double my personal portfolio, and winter in Florida instead of Michigan. I do assist with filling up my vacancies, which I enjoy doing. I taught my daughter years ago not to self manage anything, pay the fee and move on to freedom faster. Don't spend your time on MWA's (minimum wage activities) spend your time on RPA's, (revenue producing activities). I hope this has been of value to you all. 

You can do the exact same thing in a self directed Roth IRA too.