All Forum Posts by: Terrell Garren

Healthy respect to those that invest out of state. I can make the numbers work with local investment, self-management, good tenant selection, established contractor network, etc. I would not be good at making money with anything 50+ miles away.

1 Vote

Orange County, California

Quote from @Eliott Elias:

I have one, hire a property manager.

He already stated he was looking a self-managing.

For the love of realness... Where is the dislike button for forum posts? (biggerpockets.com)

1 Vote

Fairbanks, Alaska

Quote from @Luka Milicevic:

You do realize that commenting on their body type is very offensive.

2 Votes

Unless a tenant admits responsibility, udderly the insurance company should make you whole. They could litigate until the cows come home though.

5 Votes

Quote from @Mario Morales:

@Terrell Garren I have always heard what you said, but my question is if I paid zero taxes because of my deductions in real estate, will that make my schedule E look unprofitable to an underwriter when looking for a loan for my next property?

I don't know. I've only used HELOCs on my primary residence to borrow. I've never leveraged my rental property.

0 Votes

@Luke Carl That is such solid advice you provided. It's taken me nearly 15 years to acquire 26 LTR SFHs and get to the point where the past investments will cash flow life and pay for one additional SFH per year. My experience is that a good W2 job jump started REI, REI wealth accumulation is slow and requires hard work. In the end, completely worth it.

6 Votes

Quote from @Eliott Elias:

I've never staged a rental, only virtually. It is a waste of money.

For the love of realness... Where is the dislike button for forum posts? (biggerpockets.com)

0 Votes

Quote from @Eliott Elias:

Wholesalers do not send good deals. Build your own funnel. Cold call, door knock, send mail, etc...

For the love of realness... Where is the dislike button for forum posts? (biggerpockets.com)

2 Votes

Quote from @Henry Clark:

Is your question a curiosity question or are you at a financial wealth point you’re starting to look holistically?

Just looking for options. financial wealth point you’re starting to look holistically

0 Votes

Quote from @Account Closed:

...you can 1031 exchange however the taxes are due at some point.

Not if you die before selling. Generational wealth you know.

4 Votes

All Forum Posts by: Terrell Garren

Terrell Garren has started 11 posts and replied 1222 times.

Post: Out of state investing

Post: App suggestions for self managing STR

Post: Potential Property Damage

Post: Potential Property Damage

Post: How do rich pay zero taxes legally?

Post: Short Term Rental, Long Term Wealth Book Feedback

Post: When Does It Make Sense To Stage A Rental?

Post: How have you all built your deal funnels?

Post: How do rich pay zero taxes legally?

Post: How do rich pay zero taxes legally?