All Forum Posts by: Bobby Shell
Bobby Shell has started 18 posts and replied 152 times.
Post: Can not access pro features from BP App?
- Investor
- Fort Collins, CO
- Posts 165
- Votes 127
I am going to try logging in from the web version instead of the app and see if i cant load the desktop version of the site to get these features
Post: Can not access pro features from BP App?
- Investor
- Fort Collins, CO
- Posts 165
- Votes 127
Easy one, why can i not easily find the pro features on the BP app?
Post: Asset Allocation Discussion (Real Estate/Cash/Stocks & Bonds)
- Investor
- Fort Collins, CO
- Posts 165
- Votes 127
Our family maxes our 401k (two earners), we doa Roth 401k.
The rest we save cash. I aim to have 6 months after tax income In the bank.
From this point we save up $ above and beyond this six months amount and then purchase more property. Each property has its own bank account with 3-4x the mortgage in case repairs are needed.
I think our approach is very simple, but I feel comfortable with it.
This next year I plan to start putting 25% of our above and beyond 6 months savings into index funds so i can get some extra growth for future real estate purchases.
Post: Need help naming LLC
- Investor
- Fort Collins, CO
- Posts 165
- Votes 127
@Jacob Walls feelin cute I might flip a house later, idk LLC haha. Have fun with it!
Post: Florida - Best Insurance provider
- Investor
- Fort Collins, CO
- Posts 165
- Votes 127
@Joshua Baker on it. Thanks
Post: Florida - Best Insurance provider
- Investor
- Fort Collins, CO
- Posts 165
- Votes 127
Closing on a SFH rental this month. I got a quote from Anchor Insurance that was competitive and a good rate. I am looking for 3-4 other references for the best coverage in Florida?
MY rental is in the Pensacola/Pace/Milton FL area.
Thanks in advance!
Post: Bad First Investment - Newbie Beware
- Investor
- Fort Collins, CO
- Posts 165
- Votes 127
Originally posted by @Brian G.:
@Bobby Shell thanks. Find the paper and create a post from it then tag me or shoot me a PM. Sounds like valuable insight aka wisdom.
You bet. And like an earlier commenter said it all depends on the market, but if you know your area and consider any "resale" tips from a realtors perspective you are safe
Post: How Do You Manage Your Money?
- Investor
- Fort Collins, CO
- Posts 165
- Votes 127
@Eric Fitzgerald
I do not like mint or having all of my accounts and logins associated with one organization/app Budgeting is easy if you make it easy. Two simple ways:
1) Toshl app - this is what I do now to track all spending and expenses
2) track by hand or spreadsheet - manually do it yourself. I think there is value to this approach because it’s hands on
You should open a high interest yield checking/savings account (aim to get 2-4%), set up dedicated checking account per property.
You should read the tony Robbins book “unshakeable”
Post: Bad First Investment - Newbie Beware
- Investor
- Fort Collins, CO
- Posts 165
- Votes 127
Originally posted by @Luke Ski:
Cry me a river. Calling people out on their bs has zero to do with hate and a lot to do with reading their post carefully and thinking about the stuff they wrote. When you post on forum you may get some good with some ugly and just because someone got offended does not mean that they are right. Dude wrote that he has 2 high paying jobs but can’t afford $5k rehab and now y’all mad at me?
I think the guy is looking for encouragement and for you to add value, not play the "you don't have money in order". That doesn't help or add value.
Post: Bad First Investment - Newbie Beware
- Investor
- Fort Collins, CO
- Posts 165
- Votes 127
Originally posted by @Amedeo M.:
@Bobby Shell hey , what is a good age for:
Roof/AC/Furnace/Sump Pump - if the age is not good, get the price down, you will pay.
Roof's on average 20-30 years depending on the type. Read more here: https://money.usnews.com/money/personal-finance/articles/2015/01/06/how-long-can-you-expect-your-roof-or-fridge-to-last
The AC should last about 10-15 years. My place is in Florida, its hot! I am assuming it will last 10 years in my numbers.
Furnace 15-20 years.
Sump Pumps about 10 years