All Forum Posts by: Eric Taylor

Put it in a vanguard index fund and 200$ monthly and it will be worth almost 2,000,000 when you retire. In the interim, view all the podcasts, get a job, read all the REI books you can find, and decide whether REI is right for you. In the interim you got money stashed while you think about your future.

I use Charlesgate for 5 of my Boston properties.  The charge 100$ a month per property and do a great job.

You need to come to the table with something.  No money means you will need knowledge, hustle, determination and access to someone with money but without the aforementioned.   

1)  401 K with match

2)  529 tough to beat having money available for if your kid gets into Harvard

3)  Diversification with an emphasis on what you truly know best and are most comfortable with.

Only if you cut up the cards.

The 1%/2% rule is inversely proportional to Appreciation.   

Thank you. Sounds like you have pursued establishing a solid base via 401K and conservative investments and then plan to continue to gobble up more good REI deals.

I currently have 7 cash flowing properties and I trying to decide what is best way to invest my REI income. The three strategies I am looking at are

1)  Snowballing  (Bird in the Hand)

2)  Put money into Vanguard index fund  ( ? Safer than #1)

3)  Buying more properties

What are your thoughts?

Welcome to the Boston area.  Finding cash flowing properties in this market is doable but at times scarce.  Do your math and research.

 I believe this is the most succinct and simplified way to explore this argument.