All Forum Posts by: Kristin Brancaleone

Hi all,  

I've been working hard in the last few months to educate myself on all the different realms of real-estate and investing in general. It's pretty darn fascinating.  I've come to learn a few things about myself:

1. I don't want to be an involved landlord, nor do I have the desire to get really involved in rehabbing 

2. I prefer to deal in cash, but am open to moderate amounts of debt (i'm currently debt free.)  

3.  I would love to be making about 500.00 a month in passive income to pad our current income and free us up to pursue some big dreams (like building our own home on our own land.)   Anything beyond that would be great but not necessary.

Knowing all this about myself, I'm drawn to the more passive realms- like crowdfunding, syndications (especially mobile home park syndications), and especially trust deed investing.  HOwever, I am not accredited at this time.  It's always so disappointed to know I'm locked out of many of these opportunities.

Please give me some ideas on where I can invest passively without being accredited!  I will have a few windfalls in the next few years and am planning ahead.  Thank you!  BP has been a huge help so far. 

@greg s.  I appreciate your tinput!  What would you do with the 600k to get a 10% investors value?  I've looked into trust deeds, turnkey, etc and it's looking like 6-7% are the rates I'm seeing most.  I've been resigned to getting these lower rates (assuming it's fairly passive on my part.)  

Hi there!  In about 2-3 years, my family will be buying land and building our own home.  We were going to sell our primary residence (O.C. California) at that time, but my mom keeps telling me that our house is the "perfect rental home".  I understand what she means- it's in a great neighborhood, walking distance from good schools, and we bought it at the bottom of the market (406,000 which is now paid in full, and now the zestimate is 600,000).  We can get at least 2800.00 per month.  I'm thinking in the next 5-10 years it may need a new roof, new shower, and other repairs.  We will be within a few hours driving distance of this home after we move. 

Basically, this house wouldn't meet the 1% rule criteria if I were looking at it objectively, so I'm leaning toward selling.   But are there other advantages that come into play when deciding to keep or sell, such as tax considerations, ease of paperwork, etc?  Somewhat passive cash flow is important to me to free us up physcially and mentally to focus on building our new home when the time comes. If we did sell, we would want to invest the money somehow to gain passive income.

I appreciate your input!

@Brent Coombs I have no moral issues with banks, borrowing, lending etc.  It's simply of preference of mine that if I have extra income (which I do), I'm not going into back into debt after all that hard work getting out!  I have no problem loaning to people though, although I'm looking for a safe and relatively secure way to do that.  

@James Wise I totally get your point, but buying with all cash is a personal preference/conviction of mine, not because I think it is more profitable.  I'm starting to understand that perhaps owning real estate is not the best use of my cash.  It seems like the perfect wealth builder for those who don't mind leveraging.  I'm now looking into lending my cash instead (researching peer-to-peer, hard money lending, REITs, etc.)

@Matt R. cool, thanks for the insight! truly passive income is ideal for me in my situation.  would you say lending through a company like Norris group carries more/less/same risk as buying turnkey?  i'm a newbie as far as investing.  trying to be a good steward of my cash.  

@Matt R. thanks for your 2 cents!    If you were in my position- had a decent pool of cash, were a cash-only investor, but didn't have enough $ to buy locally in California.  Would you just wait until Ca prices come down?  Look for deals outside the state by teaming with an agent? I'm finding that no option but TK seems to make sense for me, but perhaps I need to think outside the box a little.  Or maybe real estate isn't the best way to invest my money as an all-cash buyer?  Thanks for your advice!  

@Curt Davis and @Clayton Mobley- thanks for your insight!  i will be contacting you soon to talk to you about my goals and strategy.  cheers!

@Brent Coombs That's really good advice- plugging in the numbers as if I'm putting 30% down.   Will do that from now on!   

So awesome and inspiring!  

We are planning to build our own straw bale home here in California in the next 3-5 years, and while we're building, we'd love to live in a tiny house on our land.  Then when our house is built, we can rent it out on Air BNB.  Keep us posted!!