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All Forum Posts by: William Ayres

William Ayres has started 3 posts and replied 9 times.

Post: Rent to Own an Alligator Raeford, NC

William AyresPosted
  • Safety Harbor, FL
  • Posts 10
  • Votes 2

@Randy E.

Thanks for the suggestion. So do you think I should pursue the rent to own? Or just sell it the standard way? I figure with the rent to own I could bring in $150-200 more without the cost of repairs; unless the occupants don't fix something and fail to purchase.

Troy

Post: Rent to Own an Alligator Raeford, NC

William AyresPosted
  • Safety Harbor, FL
  • Posts 10
  • Votes 2

@Brandon Purdeu

Yes, I would use the money for another rental with better cash flow. I guess what I am really trying to figure out is if the amount that I bring in is enough to safely invest? I had the floors last years, so it was vacant for a few months and I had to put over $6,000 into the upgrade. I just really feel like it has been more of a liability than an asset, but I think I am very close to turning it into an asset. Thanks for the response! 

Post: Looking for a realtor in Zephyrhills, FL

William AyresPosted
  • Safety Harbor, FL
  • Posts 10
  • Votes 2

Hello,

I a just getting into real estate investing, but so I am looking for two things. One is a realtor that can help me find investor properties in Florida, and the second thing is I am looking for a realtor to help me find a new home to buy in the country near Zephyrhills, FL. Any suggestion would be greatly appreciated!

Thanks,
Troy

Post: Rent to Own an Alligator Raeford, NC

William AyresPosted
  • Safety Harbor, FL
  • Posts 10
  • Votes 2

I am new to real estate investing, but I have been renting a rental property since 2008 that does not produce a large amount of cash flow. Here is how it breaks down:

Yearly Gross Rent: $12,600
Mortgage/Ins/Tax: $9,816
Vacancy: $630
Repairs: $378
NOI: $1,776

Since I have owned the property for a while I have about $44k in equity. I also just paid $6,000 for new laminate flooring, which seemed to help me raise the rent monthly rent from $950 to $1,050 per month. I was thinking about trying to sell it rent to own. I figured this would do three things for me. First, I could potentially have a renter for three years with no vacancies. Second, I would not have to pay the property manager. Lastly, I would potentially not have to pay for repairs. My main question is this a good situation as is? Or should I try to sell it for a rent to own deal?

Thank for any advice in advance.

Troy

Post: Turnkey Real Estate Investment Providers

William AyresPosted
  • Safety Harbor, FL
  • Posts 10
  • Votes 2

@Brian Bradley

It sounds like you ran into someone with a narcissistic personality disorder. I never knew much about psychology and I am not an expert, but I realized about a year ago that I had a boss that was a narcissist and that I related to a few. The phrases that the seller used should be huge warning signs. I believe that everyone should be armed with the knowledge on how to identify a narcissist to protect yourself. Especially for those of us that are investors. They can destroy people's lives that don't even put up any money, so imagine what they can do in a business deal! Good luck! And watch out for narcs!   

Post: I Finally Divorced My Poor Dad!

William AyresPosted
  • Safety Harbor, FL
  • Posts 10
  • Votes 2

@Alexander Felice

No kidding! I was an 18E in Bco 3rd Battalion. I actually just supported my old battalion a few months ago. Almost ten years to the day that I left Group. When were you there? I was on a team from 2004-2007. Thanks for the encouragement and the welcome! 

Post: I Finally Divorced My Poor Dad!

William AyresPosted
  • Safety Harbor, FL
  • Posts 10
  • Votes 2

@Thomas S.

With all due respect, I came here to seek out knowledge on how to invest in real estate, and I wanted to tell people a little about myself and my family. I did not come to this forum to seek advice on how to raise my child. If you could spend five minutes with my family you would see how our daughter is thriving way beyond what an industrialized state-run school system can provide. Our daughter just turned five, but she knows how to sew, knit, paint, embroider, sing, and dance, which may not seem like a big deal until you wake up on the weekend to find your four-year-old knitting a scarf for one of her dolls that she made. As for personality, we have to turn playdates down, because we can't keep up with the requests. She gets to socialize with kids and adults more than kids that are strapped down to a chair all day surrounded by other kids listening to a lecture.  

Just today we had two women at a store that know her well tell us how their school tried to get them to drug their daughters because they talk too much. This same school gives them prison quality food, with less time outside than a convict receives. This was their words, not ours. Our number one goal is to be a parent and then to be financially successful. Our goal is not to be financially successful and then be a parent. I am the product of a failing school system. I realize now that all of my education came from myself, and not the school system. My formal education did very little besides take up my time, and I say this as someone with a Masters degree. Let me be clear. I do not judge people that send their kids to state schools, even though everyone knows these schools are failing at their primary task. This is a decision that every family needs make for themselves. But at the same time, I will not be publicly judged and not defend our decision. My wife and I refuse to send the most treasured gift we have received in our lives to be raised by a system that fails many, including myself. We have found that one of the great benefits of homeschool is that we don't need to wait for a law to change or a committee to make an approval to the curriculum. We get to make a custom curriculum for our daughter that allows her spirit and passion to shine, and I get to teach her how to think like an entrepreneur instead of letting her be taught how to become a good worker. I wouldn't change it for the world!

Post: I Finally Divorced My Poor Dad!

William AyresPosted
  • Safety Harbor, FL
  • Posts 10
  • Votes 2

Thanks for the support! I can't wait to get started!

Post: I Finally Divorced My Poor Dad!

William AyresPosted
  • Safety Harbor, FL
  • Posts 10
  • Votes 2

Hello Everyone,

I read Rich Dad, Poor Dad, and it totally changed my life! I have now almost completely eliminated my debt, and replaced that debt with assets! The only problem is that I read Rich Dad, Poor Dad almost twelve years ago, and I only recently divorced my poor dad...lol. I failed to act and heed Robert Kiyosaki's advice. Regardless, I am very happy with where I am at now. I've owned a rental home since 2007 that has produced zero cash flow, but I am getting ready to change this situation after reading several books on real estate investing. I will ask for more advice on this position in another post, but I wanted to introduce myself first. 

My name is Troy Ayres. I am originally from Oregon but I live in Florida now and love it. I have a beautiful wife and the most incredible homeschooled five-year-old daughter! I am veteran and former Green Beret, but now I am an officer in the Army Reserves. I really don't have a civilian career, because I keep hopping on orders. I have been deployed six times in five different countries, and I am really looking for some new opportunities so that I will never have to leave my family again. I realize that there are going to be some difficult moments with becoming a real estate investor, but I have not exactly had a trouble-free life as an adult. I really believe that I am up to the challenge and that my experiences as a soldier have given me many skills that will enable me to become a successful real estate investor. I look forward to meeting and learning from everyone while I pursue this new path.


-Troy

De Oppresso Liber