All Forum Posts by: AJ Singh

Mary Jay We have twenty sfrs and just diversified in a six unit mfh. If I can survive financially free in $15k a month and Primary also paid off, I will be happy paying 50 percent tax

Agreed Mark S. But I would like to be financially free in ten years. That’s why Following this strategy

Mary Jay You probably have carryover losses from you negative cash flow units. When you sell a sfr you will be able to adjust against your taxable income IMHO you need to strategize how much income u need at retirement and work on that goal whether using real estate or mutual funds or a combination of both Caleb Heimsoth I agree with your strategy. I am trying to pay off all real estate debt within ten years. My portfolio will generate $30k monthly gross rent

It depends on your lease agreement When does it expire ? You could sell it to an investor via mls

Mark S. Your cash flow numbers are really tight You may want to increase down payment to get more cash flow on your new acquisition In my last acquisitions in Memphis I bought at ltv50 and expect to pay them off in three years

Torey Chumbley Buy a debt free rental. Use rental cash flow to pay off your principal residence more aggressively 100k will buy you a very nice house in most of Midwest and mid south cash flow cities

Jeff Parker You seem to be a Dave Ramsey fan and I agree with you

Joe Edwards-Hoff Multi family is different than sfr. IMHO I would hold on the sfr till multifamily is stabilized I don’t know what your cost basis is but capital gains rate is only 15% you need to factor In the exchange holding costs to make a decision

Ron Ripley Prices Have certainly gone up in Memphis since 2009 Some of the turnkey companies are memphis invest by @chrisclothier and @alexcraig

Li Tolentino Raleigh is a rough Area and best left to locals. Bartlett is definitively a better location $150 to $200 a door definitely not worth it. And you are not including your travel expenses at least once a year in your calculations You will need to scale up quickly in OOS investing to make the retirement model work for you