All Forum Posts by: Dan McClain

 Thanks for the input, Paul. Sounds like we employ nearly identical strategies.

It's been a while since I have last posted. I have been mostly absorbing everything I can from the various threads on this forum. Thanks to everyone for the invaluable insights on various topics.

Simultaneously, I have been reading through "Real Estate by the Numbers." The premise of the time value of money struck me: "Money in hand today has earning potential, and we can turn money today into more money tomorrow by investing it."

I have been saving for a down payment on a rental property. With the idea of "we can turn money today into more money tomorrow by investing it," I place most of this within a taxable brokerage account where it grows based on the market broadly speaking. Does anyone do anything similar or have a better idea? 

Thanks in advance for your input.

 

Thanks. On the note of action here's where I'm at in my journey...

I have lived in my primary residence for nearly seven years and have significant equity in it. I'm working on various projects to get it ready to rent and reduce the immediate capex expenditures once a tenant is in there. 

I've also managed to save roughly 60k for a down payment/cash reserves on another property. I'd like to increase this a the median for most 3/2  properties in my area is roughly 300k. I intend to purchase something I can create some forced appreciation out of, however. Nevertheless, I'll likely need the cash to cover the mortgage and repairs.

Hey everyone I'm a new investor and long time resident of the Chattanooga, TN area. I'm looking to invest in the community through single family starter homes. I look forward to connecting with others and learning as much as I can.