All Forum Posts by: Guy Yoes

Yes thanks.  Hard to type and think at the same time. 

I buy first position notes that pay 9% interest only for 5 years. At the end of 5 years I get the capital back and start over.

This works great for a SDIRA. Say you buy a note for 100k and earn 9000 a year on the interest. At the end of the note (5 years) you would have 145K. Then buy a new note with the 145K  and earn 13050.00 a month for 5 years. At the end of 10 years you would have the original capital of 100K and 22K in interest.  You pay no taxes until you take it out at age 59,5

If you save 50k a year from your salary and put that money in notes, over 10-15 years you would be able to generate true passive income. 500K in note would generate 45K a year. Of course you have taxes on that income, but a good CPA  could help with that.  

No renters or PMs to deal with. No repairs or closing fees. Just a deposit in your account .

After 35 years as an educator ( teacher, counselor and admin) I totally believe that HS is not for some people. That said it is important to continue your education. Both my wife and mother did not finish HS. They took the GED and went onto college. They  have masters in education / Nursing education. They both graduated college with a  4.-0 gpa.

If you skipped a grade and have the smarts, take the ACT or SAT. IF you make the score, you can move into a JUCO and start business courses. I have several friends who are Doctors and a few of them left HS at 16 and went to college. Not having a HS diploma did not stop them from from getting hired by hospitals. But.... they are VERY few and far between.

The point is... you are only as good as your last achievement. If you leave HS, leave it for college. IF you stay in HS, take night classes at the votech to grow more skills.  Fortunes are often made and lost, but knowledge coupled with common sense and determination are the trifecta to success.

best of luck

Hello Amit

I have a realtor I work with who does also can manage properties if needed. he also works with a team of people who have experience with fix and flip.

HIs name is Shane Vernon with Twin Cities properties follow this link:  https://www.zillow.com/profile/Shane-M-Vernon/

i suggest Glenpool, it's blue collar and growing. i have several properties there with increasing rents and rising property values.  I'd be glad to discuss my knowledge of the area with you.  

@Garrett Ayers

What date and time

Hmmm. Day and time?

Owning property out of the country can have many drawbacks. Setting up a company and hiring people is very expensive and time consuming. If you want to invest,  have steady growth and protect your finances, I would suggest buying first position notes. They are safe and provide good passive income while protecting your assets. I use safeguard capital partners and have been very happy with their products.

!. Listen to podcasts and read books. Can be time consuming.

2. find a REI club and get involved by networking the members.

3. Find a local RE agent and discuss the areas/prices/classes you have an interest in.

4. Repeat the first 3.

Good Luck!

First, I'm' not a goal(s) setter. To focus on a list of 5-10 realistic or unrealistic projects at one time would drive me crazy. 

I pray for guidance and things just happen. Last month I was looking for some land (in Branson Mo.) to build our retirement home on. A man I was talking to said he knew someone who was wanting to sell 5 duplexes. I found the seller and am now doing a 1031 turning 2 doors into 10. Then I get a call from a RE agent I was working with and he asked me if I would be interested in a 5 plex another customer he had was needing to sell. I'll close on the first deal next month and start working on the 5 plex.

Neither one of those scenarios would have fit into any plans I would of made on my own.  I never thought I would reach the point of MFRs so that was never my focus. 

I clean my plate one bite at a time and before it's empty, someone is putting more on it. And its usually something I would have never ordered off the menu.

Blessings to all in 2019!