3 December 2018 | 4 replies
I'm not even considering the equity growth I'm enjoying, just the cash flow.
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6 August 2021 | 10 replies
From the posts on the BiggerPockets forums, I concluded I wouldn't enjoy being a landlord and decided to stay away from direct real estate.For my dividend growth portfolio, I know what the dividend income is and because the companies I chose for the portfolio have a long history of increasing their dividends per share each year, I have confidence they will continue to do so.
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2 June 2019 | 2 replies
(comps are showing about $500k), if he agrees to finance the house to me using a wraparound mortgage.Although I have $0 down, he is seeing these benefits:Receiving full retail price for a house that would probably sell under retail under a traditional saleI will cover all closing costsHe does not have to pay a real estate agent to list and sell the house (3% savings right away)He's saving at least 2 months of vacancy ($2600/mo) compared to if he were to sell the house by listing it with an agent, or attempting to find a new rental tenet.He's saving any money he'd have to spend to list and market the property for sale or rentWith the wrap mortgage, he will actually receive more than the sale price because I will pay interest each month in addition to the principal payment.With tax and insurance included (there is no HOA or Mello Roos) if I continued paying the $2600/mo he'd see a little over 2% in interest, would be freed of any obligation to the home, and would still enjoy some nice cashflow until I could refinance and cash him out.I'd be open to his terms if he wanted to put a clause in the contract requiring me to cash out within 3-5 years, although I'd of course prefer if he didn't.Does anyone here have any experience in a deal like this?
10 August 2019 | 4 replies
So if I didn't do it, 10 years later, I'm happily enjoying my retirement, someone can come and say, we found a leak from a tank in a property you sold years ago, and the cleanup is several hundred thousand dollars.
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20 September 2019 | 13 replies
On one hand I would love to take that cash and buy another property and on the other hand I wonder if I would be better paying this property off quicker and enjoying a debit free asset.I have been watching Robert Kiyosaki, Dave Ramsey and Grant Cardone to try to reset my thinking.
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11 November 2019 | 26 replies
I actually enjoy self managing my properties.
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18 December 2019 | 7 replies
@DAVE ROSA I enjoy options... more time for your money will give you options.
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30 December 2019 | 10 replies
I've been to one in Athens, which I really enjoyed, but the way Gwinnett County is growing it seems like the place to be!