All Forum Posts by: Jeremiah Ashe

@Ron_Flatt. Thank you for your response! You helped me realize I need to increase my goals!!

Jennifer Beadles Deal Junkie perfectly describes me too! It is so hard for me to turn down great deals that seem too good to pass up. Ultimately I feel like I am going to keep buying because every time I tell myself and my wife it is time to take a break, I run into something that gets that fire burning bright again. I am glad to know that it happens to all of us! This game is just too much fun to stop playing!

I have been fortunate enough to have built my rental property portfolio quickly over the last year. I love real estate investing and am always very hungry for the next deal. At this point however, I am unsure of when I should take a break from building my portfolio and start enjoying my cashflow. My question is, what made you decide it was time to start enjoying instead of reinvesting everything to build? I initially thought I should build my portfolio forever, but after reading books such as “Lifeonaire” and “Cash Flow Forever” I have been questioning if I should start paying down some of my debt. Do you think it would be a good idea to get a loan on some of my paid off vehicles in order to get the down payment for a large multi-unit property that will cash flow from day one?

Seems like a good resource for commercial deals.

Congrats! Keep it up! We may be seeing you as a guest on the podcast soon enough!

Congrats! That first property is usually the biggest hurdle for most investors! Keep it up and be sure to let us know once you get #2, #3, #4, and #5!!!

I found it to be a great learning experience on so many levels! Not only does the game make learning fun and challenging, but you learn so much from something so simple. Building a real estate portfolio is a lot of fun, but there are many things I hadn’t even considered. One of the biggest things I learned from playing is that you can have a huge cash flowing machine, but if you are stretched too thin you can lose everything in the blink of an eye. I have thankfully been able to quickly build my portfolio, but simple things I have learned from playing this “game” have helped me keep from making mistakes that could have cost me plenty of time and money. Also, I think it is a great way to teach your children how to invest and make it fun. I most definitely will be playing with them when they get a little older!

I would look into buying a multi-unit property. This way the tenants can pay the mortgage and you can live there for free. This would also allow you to use a low money down fha loan. Then, be sure to save more money and not spend it so that you can have a reserve for any issues that may arise. After that you can continue to build your real estate or pay off some of your higher interest loans. I personally would prefer to build, but paying off debt might be a safer option for you.

I would not evict. I agree with some of the other posts on here. His living situation may be the only thing that is stable in his life. Also, you would go through all the hassle for someone who is otherwise a good resident. If you choose not to renew his lease, that is another thing. At least he will have advance notice and it would be less likely to put him in further distress.

I agree with Andrew. I would go with the 30 year loan option. Since you will qualify for the next loan easier because of the cash flow you are getting from the first one, you can build. Then, once you have a number of properties, all with positive cash flow, you can start paying them down quickly. That is at least what my plan is.