All Forum Posts by: Z. Fourmault

Thank you @Scott Trench

@Scott TrenchI was looking for something simple, where the tool can help me with building the real estate portfolio. I manage my stocks well. Most CFP I've met have given me generic advise 

I think I have my answer

Hello, I am working on my financial independence plan - my goal is to generate a passive income of $10k a month. I have decided that I want to generate 50% of my passive income from stocks/dividends and another 50% from real estate. Although, still not sure about the split.

I already have:

- healthy 401k and I contribute the max

- roth IRA- I own my primary residence (have a mortgage)

- I own one rental property (with a mortgage), which is cash flow positive

- I also have $30k in savings

My plan is to continue saving and start buying other rentals. I am targeting 3-4 properties in cash flowing markets. Once, I buy them, I plan to aggressively prepay them and increase my cash flow.

I am looking for a tool, app or website that can help me create a financial plan to continue saving, investing and financing properties. Has anyone successfully implemented this strategy? Any thoughts and advice?
Thank you

Hi Peter, I'd love to learn more about your product. We are also working on a product and we can discuss potential partnerships. 

DM me

Hello, I will be interested in providing feedback and discussing some partnership opportunities. DM me. Thanks

Hi, I will be interested in helping you and providing feedback. DM me

Hello BiggerPockets community, 

We are passionate about real estate and on the path to retiring with our real estate portfolio. We built a new mobile app to make our spreadsheets accessible to everyone. 

We are looking for enthusiasts who are willing to test our new app. Whether you are just starting out on your investor journey or are already managing multiple rental properties, we want to hear from you!  

What we are asking: Spend 5-10 minutes with the app and answer a short survey afterwards. 

Reward: You will be added as a founding member and will have free unlimited access to the app.  

Here is a little bit about the app: 

Tired of the 9-5 grind? Want to reach financial independence with real estate? Clarem provides you with personalized plans to acquire and pay off real estate properties, ultimately paving the way towards your financial independence. Designed for regular people, Clarem empowers you to make your money work for you.

Clarem analyzes your unique circumstances and offers you step-by-step plans to help you save for properties, decide which property to purchase and when, and optimize your mortgage payments and payoff schedules. By minimizing interest costs, Clarem accelerates your journey toward debt freedom.

Whether you are new to your financial independence journey or already managing multiple rental properties, Clarem can save you money and expedite your progress towards your passive income goal. Remember, building wealth through real estate investments can be a powerful way to secure your financial future!

Thank you Qui. I heard we can apply for a short term permit here https://www.austintexas.gov/de... and that it's not that hard to get one. 

Are there more recent news about getting permits?

Hi, 

I am looking to purchase an investment property - likely 1br in the Downtown Austin area (South Congress or East Austin). Our plan is to do airbnb for awhile. How difficult is to get a short term permit? Is this a viable option? What are some issues I should be mindful of? 

I am also evaluating whether to purchase a smaller property Downton or larger property in the suburbs? Which one will appreciate more? 

Thanks