All Forum Posts by: Sean Roustio
Sean Roustio has started 3 posts and replied 5 times.
Post: Need a Basic Excel Document for Income/Expenses

- Auburndale, FL
- Posts 5
- Votes 1
Looking for a basic excel document to keep track of income/expenses. Don't need anything too complicated as I only have 3 rentals and have been doing it with a simple word document. Just something that I can input the monthly rents and expenses to keep a cleaner record and make end of the year tax prep simple.
Thanks
Post: To pay off student loans or put $$$ down on a rental

- Auburndale, FL
- Posts 5
- Votes 1
@Amy Ranae I have been struggling with the same decision. I have a decent chunk of student loans from a degree that greatly increase my income. I have paid the minimum the last year and have been working to save as much money for REI as possible. My overall plan is to save x dollars so when that great REI deal is found I will be able to move on it and not miss an opportunity. After I have saved x amount I plan to attack my student loans more aggressively and attempt to refinance them into the 3%s if possible. I've been attempting to find loan repayment options as I work in the medical field but don't think that will happen unfortunately. I don't think either decision is wrong so I'm combining the "best" of both IMO.
On the same note what is everyone's opinions on decreasing 401k contributions to increase investment savings in the short term? I am currently having the maximum taken out but have contemplated decreasing it to help reach the x dollars sooner.
Post: Refinancing personal home - 15/20/30 year?

- Auburndale, FL
- Posts 5
- Votes 1
I have limited experience so take this for what its worth but you seemed to answer your own question by saying higher monthly payments would not make you comfortable. Are you going to use the extra money available to invest in other properties/investments? Seems to be an argument I see often as some say to pay off loans free and clear and others will say the best way is to leverage your capital to acquire more properties. By taking another 30 year mortgage you have additional income that you can invest.
Its all about your own personal risk tolerance.
Post: Property Management Bookkeeping Software / ACH Payments

- Auburndale, FL
- Posts 5
- Votes 1
I have had one SFH rented since 2010 and have been managing my "books" with simple word documents that would keep track of my "books". I now have 3 SFH that I am managing and looking for a program to help simplify my bookkeeping. I have seen the post about some paid services but don't feel at this point they would be cost effective. Any suggestions would be appreciated. I don't need to send invoices and would be fine manually inputting payment information. I'm also looking to implement ACH payments. My current payments are made to a PO box and looking to simplify this process as well. I was playing around on Microsoft Office thinking excel may have a templet but was only able to find one on Access.
My 6 month goals are to reorganize my current rental systems and continue educating myself on buy and hold or possibly buy and flip strategies.
Sean
Post: Central Florida (Lakeland) Real Estate CPA / Attorney referral

- Auburndale, FL
- Posts 5
- Votes 1
Looking for a real estate CPA and Attorney. Have 3 single family rental homes that are located in central Florida (Lakeland).
Thanks,
Sean