All Forum Posts by: Justin R.

 Yes, a time weighted average approach works in the stock market, and in the housing market. No one can accurately speculate where the market will go. This is a marathon, now when a market correction does happen, begin your sprint!

If you have the assets worth protecting, or a litigious career, then yes. The vast majority of the population spends way too much time worrying about asset protection though when they don't even have the assets to protect; their energy should be used on finding deals.

I am not an attorney, but spent countless hours studying prior to making my asset protection selection. Here are my findings.

1. Do the right thing. Don't be negligent or provide an unsafe situation.

2. Have proper insurance

3. Get an umbrella policy

4. Have some debt on your property

5. If you meet all of these and have assets to protect, then look into an LLC or trust (recommended for CA residents not wanting to pay the $800 annual filing fee PER LLC.) My recommendation is finding an attorney you like and follow their recommendation for your personal situation.

Best of luck!

Ill let you know if this is a good time to buy, in three years ;)

@Thomas C. I can’t stand window units. Spend the extra 5k and make it nice. Get that extra rent because you have the nice house that has usable windows, a quality heating system, and natural light.

@Nathan G. Easier yes. As lucrative, no. Not even including principle pay down, and tax advantages of debt, you get 5X ROI simply based upon long term appreciation (assuming a 80%LTV.)

Hello @Nicholas Aiola. I hope 2021 was a great year, and 2022 is filled with even more health and prosperity for you!

I have a tax Question. My CPA this year is having me get a W9 all my venders (unless they are corporation, or paid by my credit card.) Between all my venders, One time hires (inspections, appraisals, professional services), HOA associations, and my property management companies, there is a lot!

Is it common for RE investors to 1099 all of these trades, or are we being over the top? Ive been in RE for 12 years and never issued them before. Thanks for any input!

Awesome. You have the drive, and now some experience. Dont just replicate, ascend!

Did you purchase at 135k, and selling for 205k, or are you just saying its valued at 205k and you plan on holding?

Thanks for your service!

I dont see the value in a 25 year maturity if the interest rate is variable and not capped. Is there a ceiling to your variable option?

Assuming the aforementioned 3.25 rate, the fixed 7 year sounds more stable.

Other things to look into are the loan costs, prepayment penalties, and ease of lending. 

Buy a 2-4 unit (or SFD and house hack) in a quality area, within driving distance to you job. Utilize the benefit of a conventional owner occupied home loan, and place the lowest down payment available to you without PMI. You will be living here and utilizing the advantage of your high appreciation market, compounded with quality leverage from an owner occupied loan. You DONT need to stay here forever and "Hate Life", as you can move out and recreate shortly after. As a matter of fact that drive time may encourage you continue your growth a rapid pace!

First of all, Thank you for this amazing thread! You have created a book of information by your good doings @Nicholas Aiola! 

I really like my CPA, but if we ever part I will reach out to you!

I just refinanced 6 conforming loans this month (all investment homes.) My CPA asked me to track the funds from the cash out of the refinance. I know with the new laws on refinancing a "primary owner occupied" home this makes sense, but this doesn't make sense (to me) on an investment property. The act of the refinance itself and pulling cash out isn't a taxable event, and the future interest payments belong to the investment property itself, right?

 I know enough to usually be wrong.Thanks for any insight!