All Forum Posts by: Nam Tran

Thanks everyone for the welcome! People in this part of the country are so nice!

Hey Dallas real estate community! My girlfriend and I recently moved to Dallas for our fulltime jobs as a pharmacist and I am a physician, respectively. We have been driving around scoping out possible opportunities to invest. We approached a neighbor of a property we were looking at. He ended up being a real estate investor, and he couldn't have been nicer! We are really looking forward to meeting the locals and getting to know everyone. We would love to make some connections with some local agents that are familiar with working with investors. Does anybody have some recommendations for good agents serving the DFW? 

I apologize for the novice question, but could anyone explain to me the post made by Thomas s.? I can't really work out how equity kills cashflow. thanks in advance!!

I am loving reading everyone's opinions. I just was to thank everyone for continually contributing to the thread!! This community is too good sometimes....

@Paul Allen wow, your insight is definitely helpful! Thank you so much for answering. You are right, I am comparatively young, and my appetite for risk is plentiful at the moment. I am just trying not to be too irresponsible with my money haha 

@Paul Allen I'm sorry if this is a terrible question, but for my own edification I will ask haha. Is the reason being the volatility of the market makes for a dangerous source of liquid capital? 

These are amazing responses. I am right there with @Jeff B. I was not planning on touching the 401K. Fees are a killer. Thank you @Alex Shaughnessy and @Marcus Johnson, between diversification and whether or not my returns would beat out the wealthfront account, it might be worth it to just keep that money there. 

Hey everyone, I wanted to draw out everyone's opinion. I have a 401k that is matched by my employer, so I contribute to that. It's a no brainer since it's free money. All of my other savings is 50/50 split between savings and my wealthfront account. The wealthfront account does pretty well at a 12% return. My question is, if this were your, when the time comes to put the down payment on a property, would you drain both savings and the wealthfront account for the down payment? Or would you only allow the savings to be accessed as a source of capital for RE, and the wealthfront account should stay put to continue producing another source of income. 

Hey everyone,

I just finished reading The One Thing. Loved the book and wanted to know more about Jay Papasan. I stumbled across this video and found it extremely informative. It has a high value:time ratio in my humble opinion. Just wanted to share it with the community. Take a gander and let me know what you all think!

https://www.youtube.com/watch?v=Kv4ZbbEx5rI&

I think about this often as well!! I don't blame the other person for not "getting it" and thing it's dangerous. My plan is to separate my finances. So the money I have and bring in from real estate will stay separate. My w-2 income will be for the family. Anybody follow this same strategy with any success?