All Forum Posts by: Erin Helle

I have to decide if im going to use a new injection of capital from the sale of my primary residence to:

1) Hold in treasury bills at 4.5 percent until I find another property to purchase

2) Pay off one of two existing mortgages, one at 3.75 percent and another at 4.5 percent

3) Just find something to buy that beats either of those percentages on paper and be done with it

4) Possibly loan out some hard money/broker it to a friend to allocate

Its never an easy decision, but its a good problem to have. Times ticking either way. 

@Erin Helle

1) try to squeeze in some tutoring sessions for mid terms/finals before schools go on break.

2) set up EIN and a business bank account 

Organize taxes and eat better. 

1. close my last new build for the year.  scheduled for the 20th

2. Go to Omaha and Sioux city tomorrow for inspections and client meets.

3. close new loan with my bank unsecured ( those babys can be tough to get).

4. get my mind ready for 9 grandkids at the house this is the toughest one :)  Patience

5. firm up goals for 25 solidify my new clients that I have gotten in Q 4 24.

Just more of the same really.. 

It was hard for me but my wife talked me into taking a bit of a break. As Coach Carson would say a "plateau". We purchased two properties last year and two this year. My wife was tired of us working to fix up our properties and not our house. While I wanted to stick the money back into more rentals I agreed with her. We took a break from rentals here at the end of this year, going into next year, to redo our kitchen. Partially a want but also things were starting to go and it was time. We have around $85K outstanding between a 401K loan and our HELOC. This is money that was used for the kitchen and down payments on our last two properties. We have become good savers and save about 55% of our total income. We are on pace this year to save a little over $110K post tax money. While $85K is no small number I am confident that we will be able to pay it back before the end of next year and still accomplish our goal of purchasing a minimum of one property a year.

Business goal would be to purchase at least five more properties before the end of the year. 

Personal goal is to finish up my real estate license before the start of the year. 

wow! HUGE goals! I'm going to send you a DM- you sound just like me when I first got started!