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All Forum Posts by: Marcus Johnson

Marcus Johnson has started 13 posts and replied 648 times.

Post: Airbnb guest rating help

Marcus JohnsonPosted
  • Investor
  • Saint Paul, MN
  • Posts 663
  • Votes 512

@Eric Canning

In my professional experience with Airbnb ‘s, you leave a review based on facts not how you feel. So if they left the place messy and other problems you give them the proper star rating.

Post: Should you buy a home for yourself first, or a rental unit first?

Marcus JohnsonPosted
  • Investor
  • Saint Paul, MN
  • Posts 663
  • Votes 512

@John Brooks

I would listen to your wife if she is wise with money, because if you don’t you may spend too much on your mortgage and never have enough save to buy your first rental. . I am lucky to have such a wife and that is why we have wealth. 

Post: What do you do with your cash flow?

Marcus JohnsonPosted
  • Investor
  • Saint Paul, MN
  • Posts 663
  • Votes 512

@Mike S.

Well, you enjoy!

Post: What do you do with your cash flow?

Marcus JohnsonPosted
  • Investor
  • Saint Paul, MN
  • Posts 663
  • Votes 512

@Mike S.

Still makes no sense, because when you're older you have gained wealth and you can self insure and there's no need for life insurance anymore. The only insurance I'll be buying will be long-term care insurance. Oh and car insurance and investment property insurance and umbrella policies to protect my wealth. . And if I want to generate wealth I'll just continue to max out my Roth IRA‘s and make a killing that way, my 401(k)s and my cash flow from the rental properties. 

Post: What do you do with your cash flow?

Marcus JohnsonPosted
  • Investor
  • Saint Paul, MN
  • Posts 663
  • Votes 512

@Nina Granberry

Insurance is not an investment vehicle. If you need insurance, get a term policy because it’s very cheap. If you want to invest, invest in real estate or the stock market. Stay far away from all of these other life insurance policies, they are garbage.

Post: What do you do with your cash flow?

Marcus JohnsonPosted
  • Investor
  • Saint Paul, MN
  • Posts 663
  • Votes 512

@Nina Granberry

Oh god, this stuff again. Run for the hills!!!!

Post: What do you do with your cash flow?

Marcus JohnsonPosted
  • Investor
  • Saint Paul, MN
  • Posts 663
  • Votes 512

@Nina Granberry

We have an emergency fund set aside for our duplex, and the cash flow goes into another savings account to buy another property. Besides a savings account there is no investment opportunity that guarantees a return without risk, so if you try to invest this money and things don’t turn out the way you planned you may be left with less money than when you started.  

Post: Do you use the 2% rule in Twin Cities area? 1%?

Marcus JohnsonPosted
  • Investor
  • Saint Paul, MN
  • Posts 663
  • Votes 512

@Alley Carlson

We get 2.43% rule in the twin cities but that’s because we bought in 2014. Right now you’ll probably get onepercent based on the high prices of multiplexes and investment properties. 

Post: Buy or wait until President-Elect Biden is in office

Marcus JohnsonPosted
  • Investor
  • Saint Paul, MN
  • Posts 663
  • Votes 512

@Kellan Martz

Was able to sell our lake property for a good value during the Trump era. Also our stock portfolio has never looked better in the history of the United States so that’s pretty good. I hope Biden doesn’t screw that up.

@Justin Rea

I personally take the approach that it isn’t their job. I’m successful at my business because I hire the right people and I know what I’m doing. 

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