All Forum Posts by: Roger Fonseca

My two cents is that, like a lot of this, it depends on your risk appetite.  Insurance is a safety net.  First step is to shop around for cheaper alternative (as others suggest).  Next step, would be to forgoe the safety net in a calculated plan to allocate money to your business.  That is a step, I would not take. All the best!

"Good luck is when opportunity meets preparation, while bad luck is when lack of preparation meets reality" - Eliyahu Goldratt

But seriously, my two cents is just to run the numbers, have confidence and trust in yourself.  All the best!

Excellent.  Thank you gentlemen!  I second the "minimum wage activities".  It was amazing finding myself spending 2 hours on a activity and asking "is this really what my time is worth?". 

I'm sure it has been mentioned but I say don't do anything that you are two attached to. It's just a name. It's just an LLC. You may have 5 more throughout the next 10 years for different reasons. Don't over think it. Just my two cents!

Hello everyone! I really appreciate the info that is available here and elsewhere.  I will keep this short and ask does anyone see any value in virtual assistants to help them in their day-to-day operations?  I am looking to get deeper into rehab - ing some properties and bought two rental properties in the past.  At times, it feels like the "business" side of it is too much and I want to focus on the "investment" side of things.  Anyone use virtual assistants (or real ones!) to help keep things straight?  Thank you.

200/mo cash.  so below the line, after debt.  Not simply rent less my PM. 

I understanding that exiting can be expensive.  Super expensive when you calculate the net purchase and net sales.  But cutting your losses may be the best option.  That said...you can't change the numbers so any "extra" money saved or earned will have to come from YOUR hard work.  Can you axe the PM and take rents/communication directly?  Can you do any work to add value?  Just my two cents.  But even bad deals are learning experiences, you just pay for the education.

Hello Lupe.  Honestly, tracking costs in excel (or even on paper, if your accountant will accept it) is easier than it sounds.  About as easy as learning a new software program like Quickbooks, if you ask me.  Just my 2 cents.  Congratulations to you for the first transaction!

I have not had the displeasure of evicting anyone as of yet.  My two cents is that nothing is free (and I don't mean that to be mean to the poor sap getting evicted). You are providing housing to to the market and someone else will need that home.  But it only works if everyone pays.  The guy getting evicted is stopping "some single mother somewhere" getting a roof over her head.  I guess that is some mental gymnastics, but I hope it helps you!

My two cents to add to Taylor's great breakdown.  He astutely pointed out risk tolerance.  You need to be honest with yourself about your risk appetite and your ability/resources.  1.2k is not enough, but is 1.5k?  What about 3k?  Would you feel comfortable with owning 15 homes?  Or would it be best to partner up w/ an experienced investor?  While not always preached, diversification can save you some aches and pains.