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All Forum Posts by: Account Closed

Account Closed has started 11 posts and replied 256 times.

Post: Rentals - Little Rock, AR

Account ClosedPosted
  • Rental Property Investor
  • Brooklyn NY
  • Posts 263
  • Votes 469

@Account Closed

There are pockets in Jacksonville that work.  The Air Force base is there too.  

Post: Closing Out of state

Account ClosedPosted
  • Rental Property Investor
  • Brooklyn NY
  • Posts 263
  • Votes 469

OOS title company sent a mobile notary to me.  We met at a local bar and I closed while having a cold one.  

Post: Is $130k per year job enough to get started?

Account ClosedPosted
  • Rental Property Investor
  • Brooklyn NY
  • Posts 263
  • Votes 469

I second @Eric Martinez.  It's all about how much you keep.  

Start working on some side hustles in your spare time.  

Post: Problem Obtaining Umbrella Insurance

Account ClosedPosted
  • Rental Property Investor
  • Brooklyn NY
  • Posts 263
  • Votes 469

@Matt Moylan - Thanks for the info.  I just shot you a email.  

@Jeff Bridges - I got the feeling he didn't want my account to leave.  I was offered to just increase my homeowner insurance by ~ $200k, which is not what I was looking to do.  I will look into Integro Group.

@John Mocker - Thanks.  I'm getting the feeling a independent broker is the way to go.

Post: What would you do with $50,000 available for a second property?

Account ClosedPosted
  • Rental Property Investor
  • Brooklyn NY
  • Posts 263
  • Votes 469

If your family member saw this post, would he or she be so willing to give you $50k?  I would decline until you have a solid plan with a track record.  

Post: Should I borrow from 401k to purchase Bay Area home?

Account ClosedPosted
  • Rental Property Investor
  • Brooklyn NY
  • Posts 263
  • Votes 469

How will you pay for maintenance, property taxes, etc...  It doesn't sound like you can afford it based on the information provided. 

Post: Problem Obtaining Umbrella Insurance

Account ClosedPosted
  • Rental Property Investor
  • Brooklyn NY
  • Posts 263
  • Votes 469

I am a out-of-state investor living in New York, but invest in Little Rock, AR.  I spoke with a rep from my rental property  homeowner insurance in AR (Safeco) to get a quote for a personal umbrella policy.  I was told this would be difficult since I live in another state and I have no car and rent where I live.  Has anyone experienced this before?  

Post: Stock crash worries??

Account ClosedPosted
  • Rental Property Investor
  • Brooklyn NY
  • Posts 263
  • Votes 469

As a long-term investor absolutely not.  Spectators are probably worried, though.

Post: How would you use 1k?

Account ClosedPosted
  • Rental Property Investor
  • Brooklyn NY
  • Posts 263
  • Votes 469

Put the $1k in a Roth IRA, increase earning/savings rate and keep learning.

Post: Air BNB, Grapevine, Tx

Account ClosedPosted
  • Rental Property Investor
  • Brooklyn NY
  • Posts 263
  • Votes 469

What is your main goal for the house?  Is this a investment or vacation home you do not mind losing money on?  I think you need to answer that first.  

On the other hand, why not just rent when you're in Grapevine part-time?