All Forum Posts by: Robert Ruschak

@John Fulton - question for you. We sold our primary home last year and cashed out $115,000 in equity. That is after all closing costs were paid, including realtor fees. We purchased the home just 3 years before w/a minimum down payment and installed upgrades to the tune of approx $15k. Are you telling me I shouldn't have considered that primary home an asset or an investment?  Because we now have the equity working for us, on our way to purchase 6 more units. 

Thanks for the responses guys!  After reading Scott's book, Set For Life, I'm trying to reduce my housing expense.  Right now I am paying about $700 in rent and I would like to purchase a duplex and house hack.  Would it make sense to look into other areas to invest when my goal is to reduce my housing expense?

I've heard that investing in Self-Storage is a great idea. I agree! It seems like a great business. I was wondering if anyone has had any experience in this area?

What is the plan when tenants can’t work and cannot make rent payments?

It has already started for me.

 
This just about covers it.  Add this to the mix.  Most of that 97% are followers...and they would rather follow the majority...even if the majority fails.  To them, all that proves is it can't be done the way the majority tried.

This make no sense to me.  The answer is staring them in the face...don't follow the majority if they failed.  Why not follow the minority if they succeeded?  What's more important to them...success, or being part of a majority.

I wonder what the success rate is for those that just go for it...with no training, and learn as they go?  I also wonder what was used to measure success in both the original question, and mine?

For the self storage management software we use Web Self Storage. It is just so much cheaper than others. And for our rental  property management software we use Appfolio.