All Forum Posts by: Lis C.

Also I don't care if your rec'tion sends me to Mars.

Anyone know of a REI CPA or Tax attorney who KNOWS taxes as the pertain to REI? I'm having trouble finding one who GETS REI and even better, does it themselves? I would LOVE to find one who REIs him or herself. Im in Orange County, CA.

Great, thanks! FYI the invite details above say 6 a.m. :)

I live in SoCal. I can't house hack. I'm leaning towards out of state. Halp!

What time is this event?

@Caleb Heimsoth Low 6 figures. She is W-2. 

Hi All! Ok, so I noticed that IRL, people respond to this question with SO many diff answers and it always hinges on their (1) risk tolerance and (2) personality. 

Say your daughter, the single income winner for 2 small children, lives in CA. She can't invest where she is bc the market's just too high, so house hacking is off the table (kids also need to be near their dad for their well-being). She needs to build her REI portfolio fast to set up income streams, and she also works a full-time job. She is about 55k$ liquid. She's ID'd about 3 long distance markets for investment. Her credit isn't great post-divorce but she's smart, and willing. She's moderately risk tolerant

What do you advise her to do? BRRRR? Buy and hold? Create other relationships with other investors to partner for MFH? Start with SFH? Land contract 2 properties at once, clean up credit, and a year later, refi? All the above!?

Talk to me, friends! What would YOU do?

What did you do right and what did you do wrong? What would you tell your daughter about starting with BRRRR if she was putting her entire savings into it?