All Forum Posts by: Schelley Stamps

HI...Experienced investor trying something new. I have a campaign starting soon & dont want my phone ringing w/tire kickers. I need a site I can have a website that has a fillable questionaire about their property, a automated message that describes what im looking for & a livee operator if someone really wants to talk to someone. Thanks ya'll, I appreciate it!

Joe White Ive thought about that as well, thats probably the best idea!

Hello, I need a fiduciary financial planner in Ga who is also a multi property RE investor . I live in S E Ga. Can anyone recommend someone they have used, or if you are one can you please leave contact info? Thanks!

Im a long time investor in Brunswick, Ga. I started investing over 20 years ago, and some of my houses Ive done the BRRR strategy, some I havent. They all have mortgages, but have equity, some a little, some a lot. Also I have money sitting not doing anything from a couple flips that I need to do something with & have considered paying off some of the mortgages. Some houses I dont clear much because the mortgage is higher after BRRR, & being single, no kids, 58 & living in a crazy up & down housing market I get worried about another crash & losing my equity. Im thinking Id like huge cash flow better than equity that can go away over night, so im thinking about selling my long term rentals (esp if they arent clearing over $400 after mortgage payment every month), & buying cheap properties for cash & not having a mortgage. Or I might sell everything & start over with cheap houses, of course bought right. Ive done ok in the stock market, but that can go away over night as well, so Im just thinking about investing in debt free RE. I have no clue about the tax consequences, & I know theres folks who say debt free is better, & others who say that mortgages & BRRR is best. My question is....why? Whats the consequences of each? I know Id be in a higher tax bracket with all that income, but I also wouldnt need as many properties to keep income coming in. I know a lot of folks say buy, buy, buy...but Im getting burned out & want to downsize. Any & all thought would be appreciated! Thanks in advance!

Hey Andy, thanks for the quick reply! My concern with the Slice coverage is this...what happens if the home catches fire ect when no one is renting it? The coverage I have now is for rentals with yearly tenants, so it has no provisions to be considered a secondary insurance policy. Its a "grandfathered" policy with great coverage so I kinda hate to cancel it. Meanwhile I have a unit ready to go but havent got my coverage in line yet...

Hello, I have a STR unit next to my house thats insured properly as a temp rental, but am considering turning a multi family into one as well. This type of insurance is twice as much as my former single family home insurance policy so Im wanting to get quotes from several companies that do this. Ive heard of Prosper & CBIZ, but what else is out there that others have experience with? I cant believe how difficult it is to find coverage, & how expensive it is! Thanks for your help!

Thank you very much Deborah!

Investor looking for a tax strategist, financial advisor, CPA in GA (Georgia)! I am a multi-property landlord, flipper, vacation rental proprietor among other things as well. I am in Coastal Georgia but don't mind searching outside by area for a good tax strategist who can help me as I change some of my investment strategies and try new things. I need someone who knows Georgia tax laws, and the financial advisor should be fee based. I like my accountant but he is not proactive in helping me plan for my future and expanding my investing portfolio. I have other Investments as well and we'll just like a professional to go over what I'm doing and how I'm doing it and help me reduce as much taxes as I can. Thank you in advance for any professional help and recommendations!

Hello Steve Hamilton ll & Richard Balsam, I would like the name & # of the tax professionals and/or accountant (CPA) that you recommend in Georgia (lol, not the exspensive one). I live in Brunswick, on the coast of Ga but I know I can use a acct elsewhere in Ga. Im a RE professional with rentals, and did one short & long hold flip this year & want to do more next year so of course I need them very knowledgeable on RE investing strategies. The guy I just started using isnt as aggressive or knowledgable as I had hoped, so Im looking for someone who lives & breathes RE (as I do...lol) before this tax season. Thank you!  

Hello, I just joined pro but having a tough time figuring out where I can find properties listed in the Jacksonville Fla area in the BP Marketplace. When I clisk on a search nothing comes up, and I dont see where to click anywhere else. Also, Is there a free foreclosure or homes section anywhere on here? Just having a tough time finding what resources I signed up for...lol...