All Forum Posts by: Taylor L.

Marcus and Millichap and CBRE release research reports for various markets around the country. They may or may not have your market covered. You could look at other data points like vacancy rate, time on market, and rental rate increase or decrease trends. You could also look into the local Chamber of Commerce, they may have some housing market data that could prove useful.

For inspiration I'd suggest looking up a guy named Hayden Crabtree. He started young and built a huge portfolio by hustling and adding value to the right people. He's done a ton of podcast interviews, just google his name and tune in!

I am very disappointed by this, but I guess Intuit no longer wanted my business! There is a 0.0% chance I'm switching to their credit card pitching app. I'm already migrating away from Quickbooks next year, so I will no longer be an Intuit customer for any of their products.

There are several other options -YNAB, Empower/Personal Capital, Quicken Simplifi, Monarch Money, etc. I'd suggest looking at each of those and deciding which is best for you. I did switch to one of those (not going to say publicly for privacy & security).

Uploading data or settings from Mint is going to be a very tall order. I decided to start with a clean slate on the new platform. I saw it as an opportunity to improve some of my data tracking & categorization practices.

You need to talk to a securities attorney. This does indeed sound like broker-dealer activity because you're compensated based on the sales of securities which are issued by a 3rd party. 

Wow, that is unfortunate timing. Did they provide the timeline? Do you have any options for contesting it?

House hacking can be a great way to get started. The tough part is finding a property that'll work for you in an area you're comfortable living. 

As you get deeper into your career, earn more $/hr at work, and have more wealth, you'll probably wind up looking for more passive ways to invest. Several of my investors are partners in their law firms - too busy to do their own deals, so they look for more passive ways to invest.

Flipping is a job (and it's taxed as ordinary income). As a high income earner in the top tax bracket, you won't be happy when the tax bill comes for short term capital gains!

Look into Real Estate Professional status. If you're in a situation where your wife could go full time in real estate it could be helpful from a tax perspective.

I'd suggest speaking with a Financial Advisor, a Tax Advisor, and joining the FatFire Facebook group. If anyone DMs you a deal in response to this post, tread very carefully (don't do it)

Beware: you may get addicted to hiring people. Check out the book Who Not How

Some of the determination is subjective. We typically look at crime rate, school ratings, household income, and other factors along those lines. Put yourself in the shoes of your prospective tenant and think about factors they might consider. I like to look at the major restaurant chains and retailers. Is there any new development? Who is opening or closing locations?

You can hire an attorney if you're not comfortable reviewing the docs. There is an awful lot to look out for and building comfort takes time.

We use a 3rd party service, Crowdcheck. We also do site visits & office visits, as well as background checks on the individuals in the GP.

Understanding the business plan and financing is a must. If the legal docs are all in line but it's still a bad deal due to financing or business plan, then it's a bad deal.