All Forum Posts by: Charles Hafer

I figured I'd mention here:


I'll be hosting Cashflow Game nights again starting next Monday the 18th (& the 25th this month) 7:00pm at the Southern Grounds Café in San Marco, if anyone would like to meet up as well. :]

@Dustin Hampton

I have an event e-newsletter that I use to notify of upcoming events if you would like to PM me your e-mail address.

@Dustin Hampton

Yes, though we took a break for the holidays.

@everyone

When & where, and I'll be there! :]

Thank you for the heads up Jack.

I could be wrong, but including the bad with the good could actually increase their trustworthiness and value as a network; it takes confidence to share both sides and know that the value provided will shine through like diamonds in the rough.

What I gather from their response to you is that they would rather have quantity over quality. :/

Ditto to Nick's comment.


I use K&E and KKOS -- based primarily out of Utah -- for both my personal and business filings, since they offer both tax attorney and CPA services, they are investors themselves, and wrote the book on self-directing IRAs that the IRS uses to train its new agents (by Mat Sorrenson -- the "S" in "KKOS").

In short, Mark Kohler's team on either side are worth checking out (they post videos regarding tax tips on YouTube as well).


I hope that helps. :]

Hey Andrew!


In brief:

Since starting in July, I've averaged about $2400/mo cashflow -- self-managing -- with a 3/1.5 listing in the Woodmere neighborhood.

Every review is 5-star, and I've had 2of2 successful resolution cases involving more guests than listed on reservation.

PM me if you have any further questions or would like a link to the listing.

I'm looking forward to adding another listing in a few months!


Cheers,

+ Charlie :]

I would be happy to help, I started my first house hack this year; message me your questions. :)

Ahoy Zachary!


I just acquired my first house hack investment property this year (playing the game on hard mode apparently... :P ) after meeting with local and national investors.

Josiah (new investor and house hacker too) and I host a Cashflow Game night and investor meeting 7pm on Mondays at the Southern Grounds Café in San Marco; feel free to meet up with us and run some numbers -- let's goooo! :D

Ahoy Johnny,


I just started with a VA loan property this year and so far so good -- I'm looking at acquiring another in six months! ;]


Like Nick stated, even if your cashflow zeroes out in the balance, don't forget about the other return on investment quadrants from appreciation, depreciation, & tax benefits (more on this below), as well as amortization (velocity banking/rapid debt reduction strategies).

If you don't have one already, I would strongly recommend finding a CPA/tax attorney (whom also invests in real estate) to help create an entity for liability protection (different schools of thought on this -- find what works best for you).

With the 4-plex, one potential strategy I see would be to rent out the units to your entity which, in turn, rents out to your tenants (regardless of whether you decide to rent long term, short term, or mixed).


In any case, conduct your due diligence, *negotiate*, and congratulations on a big step you've taken already! :D


P.S. I'll be at an investors' Cashflow Game night 7:00pm this Monday the 12th at Southern Grounds Café in San Marco if you would like to meet in person. :]