All Forum Posts by: Trevor Davis

I have this question because I have played in the NFL for 6 years now, and I have had many of my teammates ask me how they should invest some of their money once they find out that own multiple properties. Many of these guys are coming straight out of college and have never had this kind of money before. The average NFL career is only 3 years so these guys know they won’t be making this kind of money forever, and many of them want to invest and get into real estate but never know where to start.

So I wanted to ask all of you, If you were 22 years old with all the knowledge you have now (assuming you already have a home of your own at this point as well) and had 250k in the bank that you are willing to invest, how would you invest it?

I know everyone has different niches. Some of you invest commercial properties and triple net leases, some multi family properties, and some SFRs.

So I would really like to see, what do you all think these young men should do with this money that they are making for only a short period of time, to create it into long term wealth in the future?

I was wondering about the exact tax implications that there are when house hacking a single family home. I’ve read that you can either go by the amount of rooms rented vs rooms you occupy or by square footage of the home vs square footage of the space you occupy. Using this info to determine the percentage of the home that is occupied by you and what percentage is occupied by the tenant(s). But from there I didn’t know exactly what would go on your schedule E and schedule A for tax write-offs. So I would like to ask the people of bigger pockets what exactly is possible to write-off when house hacking a Single family home. (let’s say there are 5 bedrooms and 4 of them are rented out to tenants)

I have a property I could refinance and do a 15 year fixed and break even or cash flow about $100-$200. Ir I could do a 30 year fixed and cash flow about $600-$800 or more. And I was wondering what everyone’s views were on the pros and cons between the two. I understand the 15 year would pay its self off faster thus creating more equity quicker. But the 30 year would create more cash flow now and also have more interest being paid month to month than a 15 year, creating more tax write off benefit etc. So overall, if you were choosing between the two I’d just like to know what you would pick and why?