29 April 2019 | 40 replies
It includes all major assets & liabs, inc some pers prop that has value (or is individually insured) & I would consider selling to fund new found opportunities or if there was a major emergency requiring a change in budgeting/liquidity.My PBS is currently three pages long, broken into sections w/ sub totals to assist in analysis:AssetsReal Prop (Assessed, Purchase/Rent data, 2-3 free online providers like Redfin, then averaged.)Personal Property (Cars, Art, Hard Assets, things not in an account or "foggy" daily market value)Cash Accounts (ie funds w/ access not limited by age, Banks, Brokerages, CVLI, prepaid taxes,large pending incomes like insurance settlements & reimbursements owed to me.)MineSpouseCo-AccountsRetirement Accounts (or anything where access to the value is age restricted)MineSpouseBusiness 1 (Net number carried over from separate business records)Business 2 (List as needed)Liabilities (Would section these out too if I had enough to justify it)Listed in order of assets above if tied to such, mortgages, HELOC, etc.General liabilities listed next, largest to smallest.Net Worth CalculationThen I include several lines of totals; subtotal of amount available for conversion to REI, ratios & simple measures like mo / mo & trailing 12 mo avg % & $ return.My FI goal is over the long term to average at least 1% mo / mo gain in net worth.I have found this to be best for me for several reasons:I have a hard time visualizing a set $ amount as a goal because my amount required to retire would then seem too big to tackle.
11 May 2021 | 19 replies
Is it true that there is a limit of 10 Fannie Mae loans over a person's lifetime?
1 May 2019 | 4 replies
It it seems like your post is limited only to Honolulu, am I correct?
26 April 2019 | 2 replies
People say all the time you need to know your market, you need to study the market in order to be successful in this field.
1 May 2019 | 5 replies
If your cash is quite limited, so you need a no down payment loan with no closing costs, this may be worth it for you.If you have some cash and take advantage of the buy-down program, you can get a great interest rate.
26 April 2019 | 2 replies
Just like @Austin Ojimgbasaid, study and pay attention!
2 May 2019 | 9 replies
If you partner with an operator that can go anywhere and turn an asset into the most desired apartment complex in the market, you don't have to limit yourself to one or two markets.
22 May 2019 | 7 replies
If it's gonna be a shared bathroom, have a time limit for each use.
30 April 2019 | 9 replies
Hi Everyone, Just wondering what people are doing with SFR property here in the hot spots. Los Angeles and Orange Counties, and the IE West of the 15 freeway. I'm targeting off market vacant homes in the established a...
26 April 2019 | 5 replies
@Kevin Aljic Residing in Texas your options are extremely limited for a HELOC on investment property, to the extent that I still hear that they are not allowed.I might be biased but I feel the easiest route is going to be a cash-out refinance on your investment rental.