All Forum Posts by: Yoochul C.

Yeah i'm loving Atlanta right now.  

stop investing in your 401k.  if you plan on doing rei for retirement, that money is best used for rei.

If you don't want your tenant to know you're the owner, you can have property management take care of the rental unit.  Then your tenant will also think you're a tenant as well.  

Advise: verb: offer suggestions about the best course of action to someone.

Advice: noun:  guidance or recommendations concerning prudent future action, typically given by someone regarded as knowledgeable or authoritative.

Please learn the difference.

If you're investing and you're using leverage at the start, say 20% down, you shouldn't be paying taxes on your rental income assuming, your deductions (mortgage, depreciation, taxes, insurance, pm) are greater than your rent.   However, as you start to pay off your mortgage (lower and lower interest deductions) and if you own your home longer than the 27.5 years (no longer can write of depreciation) , then you'll start paying taxes because all the expenses i listed earlier start to be less than your rental income.  As your rental income is greater, then you'll pay taxes on the rental income thats not wiped out by your losses.  Hope that makes sense.

using a HELOC or cash out refi and using this money to buy a home all cash is essentially 100% financing.

@Marco Santarelli, have you ever thought of highlighting international markets?  Is that on your radar for expansion?  

congrats man.  I'm really close to ending my W2 job as well.

One big factor in your decision about investments in CA is that CA is probably top 2 of the most tenant friendly states in the country.  States like Texas, Arkansas and Georgia are the opposite.