All Forum Posts by: Kristi K.

Did you have to pay points for the 5.7% rate?

 Yep 100% you have to leave something in the deal. A lot of newer investors hear older podcasts when people where buying brrrrs, making money on the cash out refi and then cash flow. Not really possible today. at least in my market 

 Forgot to mention that, I’m actually buying the fourth property as my primary residence because of the new job.

In my opinion, $90,000 is too little capital to invest in real estate within a retirement account plan.

LTV's are lower when investing with a retirement account plan - Around 65%
Meaning if you were to use $60,000 as a down payment, you would likely only buy a house around $70,000.
$8,000 would likely go away in closing costs. You would then stress to not incur any improvement cost above $22,000 or you may have to liquidate the property.

In this scenariod, $60,000 if you are making an above return at 10% to 12% annually + $30,000 making $4% in a HYSA, the average return is maybe around 8%
The blended return would be about 9%

You may be better off investing in the stock market, get a slightly lower return but without all the added stress / work.

"light clean out required once tenant moves out." 

Hello all, I'm trying to rethink my retirement plans. I lived in NYC and worked for the city until I was terminated for not taking the covid vaccine. There's a lot more to the story. We had to move to SC. I have a 401k/457 sitting there as stagnant money in NYC. About 90k that will be taxed at 40% if I take it now. If I transfer the money to my current job I cant barrow from it. I also can take out a home equity line of credit on my current home....but I need direction. 

I'm thinking long term rentals will be a good retirement plan. I'm 45 years old. 

Hey guys,

first time posting here. I hope I can get some insight on what to do. I was fortunate enough to inherit a 21 unit multi family building. A 5 unit multi family and a duplex plus my dad's house. All of these assets are paid off. I know there's a way to leverage this into some healthy growth.  Just wondering if anyone has an recommendations on reliable resources 

thanks in advance 

Quote from @Kristi K.:

Quote from @David Shaun:

January marks the 13th anniversary of the purchase of my first rental property.  Since I learned a lot from this community, I wanted to share my success with you.  In 2024, I hit $200k in cash flow from my properties.  If you're interested in seeing how that all breaks down from an income and expense standpoint, I created this Sankey diagram to share with you:

As for me, I'm planning to leave my w-2 job and take a little career break before deciding what's next for me.  Best of luck to all you out there.

How much did you pay for these 3 buildings initially and how many years did it take you to earn the money to pay for them? 

It was a little under $2m for all my properties that I currently own when I purchased them. Not including closing costs.  I bought the first one 13 years ago when I was in my late 20s.

January marks the 13th anniversary of the purchase of my first rental property.  Since I learned a lot from this community, I wanted to share my success with you.  In 2024, I hit $200k in cash flow from my properties.  If you're interested in seeing how that all breaks down from an income and expense standpoint, I created this Sankey diagram to share with you:

As for me, I'm planning to leave my w-2 job and take a little career break before deciding what's next for me.  Best of luck to all you out there.