All Forum Posts by: Aaron Hunt

$4k/month rent...

$3k/month nanny...

> $100k/year pre-tax *poof* LOL

Been using Personal Capital, about as long as I’ve been on BP. Watched net worth triple in that timeframe. Easy adding our new properties. Graph is fun to watch. Snowball effect in full force - esp with dual W2 401k maxout and the recent bull run.

I check it regularly, mostly because I also use it to track our CC spending/transactions.

About 95% of my investments can be tracked automatically on it. I have some short term notes that aren’t listed on there, but those aren’t a big deal for overall net worth.

2,400 miles away, bought in Vegas from DC.

Site unseen...twice.

@Justin Lee Frye

I strictly use a PM team. They take 7%. Easily some of the best money I have ever spent. I’m not an ahole landlord though. If stuff needs to be replaced or fixed - I approve to get it done, the right way, immediately, no shortcuts - and they know that. They have leeway up to $500 for any repair. So they seem to like working with me. My day job is life or death (literally, at times) so I need to be able to focus and also rest. My W2 income is fairly high so I’m not depending on the rental income. And 75% of my properties are 2,400 miles away, while 25% are within 250 miles.

@David Jackson

If she’s that big time as you say, your deal was either to small monetarily for her to care, or she had more important things to do. It sucks to hear, but its the truth.

A hungry (read: younger) real estate agent will be much faster in getting it done, as in within the hour, no matter where they are. My main agent who I do my sub-$300k investment deals with is just that. In his mid-20s. He bangs the Docusigns out in under an hour flat and then harasses me to sign it and the counters asap. He even sends my wife’s Docusigns to my email just so I can sign them on her behalf cause she hates clicking through em, and she slows the process down, and he doesn’t want to bug her. Reduce or remove and replace your rate limiting factor (agent) and you will win deals.

The current agent I am working with on buying my personal residence (7 figure range) is slower, takes more time, we talk things through more and come up with strategy, but even he makes sure the offer will go in that same evening.

@Marc Winter

A verbal acceptance written on paper...is no longer a verbal acceptance. So there’s that.

I don’t bother with creative strategies. Not cause I don’t know how or am scared to, but I don’t have enough time to devote to it.

I’m pretty content with what I have and I’m scaling as I’m comfortable - while devoting time to my young family and my W2 career (which I enjoy). 

So, I make money, I buy a property, I rent it out, I repeat. Takes longer to scale but it’s alright.

$70k?! What is this leak you are referring to? 

What is your umbrella insurance limit? It starts at $300k...but what does it cap out at? Seems like a strange policy you got.

I’m a scrub compared to the big guys on here, and even I take $15 from each tenant mandatory on top of rent per month, and buy coverage on their behalf with my name as well, THEN I have $500k liability PER property, THEN I have $2 million catastrophic (umbrella) on top.

Cash. That’s whats holding me back from buying my 5th!

@Dennis M.

Strange, every millennial I know can buy multiple, they just seem to choose not to tie themselves down. I’m one myself and own multiple Class A w/ 7 figures in mortgage debt, but renting my primary.