All Forum Posts by: Kerry Baird

Oooh!  The Bissell products are at the top of my favorites. 

I’m grateful for the assistance you provide. Wishing you @Michael Baum and the rest of my friends here a wonderful Thanksgiving.  

@Michael Baum, great idea! Thanks for sharing discounts~

I look forward to seeing your posts as you take action, become an investor and a developer.

I have heard the arguments since I started investing, and I like @David Greene thoughts best: Cash flow helps us to hold on until appreciation occurs.  I needed the cash flow when I was raising little kids and didn’t have much money to set aside for reserves or emergency fund.  We were a military family, and we bought houses that military folks rent out.

Now, we have a blended portfolio.  Over time, I have chosen better houses in nicer locations.  These appreciation focused houses have amplified our family’s wealth.  

@Michael Baum, I could not resist.  :D 

I have gotten a bunch of inquiries that said something similar to contact me, @ Eight six seven five three oh nine

And the rest of the story is depreciation recapture…

@Melanie Baldridge, I agree with your observation.  Short, sweet and right on the mark.

While not a blanket statement, my experience is that my cash flow markets where I have my long term holds, are not going to appreciate a whole lot.  And my appreciation markets, where I run STRs, are slim on cash flow…or there is a lot of “dead” equity in order for the property to cash flow.  

That said, I’m going to put the extra money in a deal in the appreciation market, whether it is renovating a below-market-priced house so that I can rent.  Or I put a larger down payment so that it will cash flow.  Or I get an interest only mortgage.  Or short term rent, so the rents are higher.  

@Andres Triveno, operating the LLC 100% means that we sign contracts and other documents as member or manager of the LLC instead of using our own names, we have a business phone instead of using our personal phone, we have a business checking account for business spend. That also means that we can start building business credit, which does not report on our personal FICO scores. We don't co-mingle funds, using business money for personal expenses…we can do owner draws and owner contributions in and out of the business checking account. Insurance for our properties is a commercial (expensive) policy, in the name of the entity instead of in our own name. We run our business with a lawyer drafted Operating Agreement. When we make little slip ups, as we might easily do, a lawyer might use those to "pierce the corporate veil" and go after us personally anyway.