All Forum Posts by: Melissa Nichols

@Brian Singer Gorgeous flip! Love the floors and thanks for the colleague request. We have an Airbnb in JT and are playing with the idea of trying out a desert flip.

Thank you, @Christopher Phillips. This makes sense - I think I just needed someone to lay it out.

Hi,

Silly question. We have one buy & hold investment property and are thinking about trying our hand at flipping in the same area. When talking to real estate agents, would I really say something like: "We want to make a ton of [low ball] offers on fixers for the purpose of flipping one of them." It seems like that would annoy a real estate agent, but maybe I'm wrong?

If you have the ability to work full time and make more money but you're just waiting on your company, why not start a profitable side hustle? https://sidehustleschool.com

When I was 21, I opened an Etsy shop and made "bank" (at least it felt like a lot of money when I was 21).

Hustle, patience (but not too much), keeping our "why" at the forefront of everything, and a willingness to do the research/read a ton, team work (husband and myself).

My husband and I don't have a ton of school debt because we both went to state schools and got scholarships. We moved from Michigan to California when I became a teacher and husband started freelancing. I'm not teaching any longer and he now works FT at a design firm, and since we're both highly valued employees, we get raises when we ask for them. We've always lived below our means, even with non-tech jobs in San Francisco (I'm at $60k, husband at $90k). No credit card debt, ever. We use credit cards to our advantage only. Put everything on the card and pay it off each month, and never going over what we can pay back immediately. When the idea came to us to start investing in REI, we got serious about saving, stopped eating out, stopped buying things, etc. My husband is also a freelance wedding videographer so he took a couple extra weddings on to help us save more. Scrapped together $15k in about four months for a DP on a house that was an absolute cashflow gem (finding it was lucky, but to get so lucky, we had to hustle).

I feel like I can look at most people and say, "Ah! Do this, and that, and read this book..." and formulate their "get ahead" plan for them just knowing the basic details of their lives. Unfortunately, I feel like most people are UNWILLING to put in the work required. :(

Hi there,

Just curious is anyone has used Realty Mogul or similar for side income? I get email notifications from my Mint account about "Invest in Commercial Real Estate with Only $1k" and I'm just wondering if it's worth throwing $1k at to try out? Thoughts? Anything else you've tried in that sort of realm?

Thanks!

Melissa

Congratulations! I bet it feels awesome not to be in the pharma industry any longer.

We just used a 0% for 18 month no interest credit card to fund $6k in renovations, paid off in full within 6 months. It's a no interest loan, so as long as you're smart about it, why not?

@Ami Sapir - Don't go back on the charitable giving. I'd call that a non-negotiable and it's a reasonable amount. Just thought I'd offer some encouragement there, and I think it's great that you clearly see it as non-negotiable, too.