All Forum Posts by: Account Closed

@Jill F.

There are some intelligent investors on this post who have offered intelligent replies—relatively speaking my take is more emotional than factual.

What are you comfortable with? Can you sleep at night or do you have major hesitations when signing...these are all indicators that we are entering the high risk zone. Combine this emotion with liquidity (do you have enough equity or secure assets to sell in a 30 percent drop) and that is probably a safe zone or gauge for tolerance levels.

This latest drop in the market has taught us all some priceless lessons, if we listen and learn.

@Lien Vuong

Thanks for the update. I was going to list my primary two Mondays ago and backed out. Your post affirmed we did the right thing.

Best, Kevin

@Ahmad D.

I have been diligently looking for deals too and cant find any. I had great luck when I was not rushing...interacting with people in a genuine way, being transparent and listening...then being decisive. Perhaps I need to go back to what worked.

@Brian Buchanan

Shop private Brokers who specialize in health insurance for businesses to get accurate quotes in your area.

If you have a stack of cash you can do a HSA and high deductible plan which is pretty appealing if you are healthy.

Lastly—if you are making good money with employer healthcare you can work for one more year (through 2021 or start now) and run your income down by maxing out on workplace retirement plans. This will enable you to save money tax deferred and lower your W-2 which will get you on Obama’s Affordable Care Plan. It isn’t great but it isn’t horrible. It is better than nothing. It will enable you to work a few years and build a business while looking for better options.

@Diego Ojeda

Diego, no disrespect but I thought this was a joke—apparently you may be onto something. Gives me hope for my narrowboat idea on rivers. It works across the pond so why not here.

Best of luck!

@Breelon Bryant

It will cost you money to sit down with a CPA/Attorney to discuss it and structure the entity and terms but you can likely make it happen.

Numerous options include variation of: gifting you and your family money; they buy property and later gift it to you; they become a partner; trust or LLC holding with an investor/gifter; or a private money deal with interest terms that are disclosed...maybe more but it can be done.

@Lee Bell

Yes Lee, good advice. One the tree is cut the roots will stop growing and start to rot.

@John Underwood

Yes, and it appears to be posted twice.

@Erik Pierson

Hi Erik, I think what you are asking is can you be a successful Realtor in a part time capacity while learning more about the market and investment opportunities. Yes-absolutely.

Most Brokers and the gatekeepers who want to maintain the classic 6% listing agreement will tell you you have to jump in full time or you will never make it. Brokers want you to sweat and earn so they can make passive income from each transaction. Full time Agents look down on part timers because it is just extra money for you where they sacrifice, work long hours and stress for their livelihood. It really is an entrepreneurial endeavor. Since you are posting this question here, you likely don’t have an established network that will feed you buyers and listings—which is key to making it full time. You also need a solid mentor. Much mentorship can be accessed here and in books but a broker who will invest in you is irreplaceable.

In a part time capacity, you could try it out. Work evenings and weekends and hustle. If by 3 months you don’t have your first client, you should be concerned. If you have not been to settlement between month 6 and 9, you are either not doing something right or you are not putting in the effort. By the end of one year you can evaluate your interest in continuing.

A good milestone would be one deal a month by the end of your first year (part time) which will generate 4-7k net. If you cant reach this goal part time, don’t even consider going full time.

Best!

@Nam Trang

Definitely, the roots are already against or in the foundation. If there are no signs of foundation damage or leaking you can have it removed and grind the top of the stump down 4-6 inches-mulch over top or plant grass or flowers.

Unless there is known damage, it would be best not to dig the stump out as it may cause more problems.