Chris Barrett
Hello from Vancouver, British Columbia (BC)
4 January 2021 | 7 replies
I feel I would be more objective looking outside the areas I know, simply because I would have no pre-conceived notions of good vs bad.
Tyler D.
Is the market too hot right now?
4 January 2021 | 7 replies
To @Russell Brazil's point, this is a highly desirable area and that is driving up the demand.The factors that contributed to Austin's growth (Texas' business- and real estate-friendly environment, large companies setting up shop here, huge influx of population largely from the coasts) are still in place and seem likely to continue for a while longer, which should provide some protection against any state-, nation- or worldwide correction that takes place.
Daniel E.
Year-End Reflection after 1st Year of FIRE + How I Got Here
3 January 2021 | 0 replies
.) - the variety allows for greater diversity, less volatility, better rebalancing options through less correlated assets, and less risk of having to sell shares in a down market to fund expensesCurrently focused on tax-efficient investing through capital gain/loss harvesting, retirement contributions, roth conversions, etc.Overall, I filled a lot of time on starting a passion project (blog + podcast) and investing activities this past year and it went by super fastI had fun investing and had incredible returns but am now looking at diversifying the gains in a tax efficient manner by moving large gains from my active portfolio over to passive funds and some innovative growth etfs for a longer-term tilt towards the companies that could be the market leaders 10 years from nowThis post is partly to help me reflect on the year and exactly how I got here and I hope my story can encourage others as well as give them practical ideas that have helped me reach FIRE.
Braxton Warren
Investment strategy need advice!
4 January 2021 | 3 replies
Also, Roth contribution limits are up to $6k.
Jim Jones
Guidance for a future physician towards growing passive income
3 January 2021 | 3 replies
I’ve done several rough calculations (obviously no one can predict the future of medicine, or anything for that matter) and my take home once I am an attending for all the specialties of interest to me will be about 150-200k after taxes, living expenses, and maxed out 401k and Roth IRA contributions.
Daniel E.
Year-End Reflection after 1st Year of FIRE - How I Got There
3 January 2021 | 0 replies
.) - the variety allows for greater diversity, less volatility, better rebalancing options through less correlated assets, and less risk of having to sell shares in a down market to fund expensesCurrently focused on tax-efficient investing through capital gain/loss harvesting, retirement contributions, roth conversions, etc.Overall, I filled a lot of time on starting a passion project (blog + podcast) and investing activities this past year and it went by super fastI had fun investing and had incredible returns but am now looking at diversifying the gains in a tax efficient manner by moving large gains from my active portfolio over to passive funds and some innovative growth etfs for a longer-term tilt towards the companies that could be the market leaders 10 years from nowThis post is partly to help me reflect on the year and exactly how I got here and I hope my story can encourage others as well as give them practical ideas that have helped me reach FIRE.To a Better 2021!
Ty Cover
Getting started BRRR plan
4 January 2021 | 2 replies
These figures all contribute to your total cost of capital, and represent important points to consider as you go about obtaining a loan.Term length: How long is the loan?
Russell Gronsky
Trouble selling my renovated flip house
6 January 2021 | 46 replies
They should be able to tell you what the problem is.If you aren't having showings you might want to make a new listing with professional photos if you didn't do that the first time.As other have mentioned December isn't usually a great time to sell a house either so that may have contributed to the lack of action.I definitely would not go with a wholesaler for this, it is tough to sell a property that has already been renovated for full retail price to a cash buyer.
Thomas Ingrao
Agent doesn’t want to “lowball”
11 January 2021 | 122 replies
However, Sellers always know when they are being fleeced, and they get angry about it, and often will retaliate with a higher counter than they normally would have responded with, because they are mad at the notion of someone trying to take advantage.My guess is (and this could be biased because I am a Realtor) that your agent didn't want you to just throw low numbers at the Seller, that might upset them, but rather come up with a smart pricing strategy for obtaining the price you think is fair, and the Seller can live with.
Ian Green
Low Cost SDIRA Custodian (Small balance)
6 January 2021 | 4 replies
Hi @Ian Green, The costs for a smaller Self-Directed IRA can be a challenge, but if you contribute $6,000 for 2020 and then another $6,000 for 2021 you will have doubled your cash position.