All Forum Posts by: Travis Elliott

 I never got into cap rate too much but that is basically what I did. Buy and hold rentals. I want to do some more of that but I want to branch out more. 

What is a TK company?

You are right, time is important. But I have a lot of time so having something to do isn't a bad thing. I have never done Air bnb and u agree a daily chore like that could be a bit if a pain bit I am willing to try it on one unit just to get my feet wet.

Hi guys.

A little about myself. Some years back I sold a business. I got a lump sum of cash down and then I carried the contract for the remaining portion. More on that soon. 

I retired young and moved to Asia. I now have a beautiful wife and daughter here in Asia. Currently I have eleven rental properties. I am debt free so I figured that I would continue to live on the rentals and the loan payments. I bring in more than I spend each month so this woulnt be an issue.

The company that bought my business is now selling it. They will continue to pay me principal and interest for the next 50 months and then pay the remaining principal off at that time. Since the business is selling  we would collateralize the remaining loan with a commercial building that they own and have paid off. That would all work out fine but......I got that "real estate bug" again. 

The second option, the option that would help me to invest, is that they pay me everything that owe all at once. Currently that is 700,000. I consulted my cpa and he states that I will owe 100,000 in taxes leaving me with 600,000. This is the option that I will probably take.

So I would like to hear some investing suggestions..

We will probably move back to the states so I will need to buy a house for me and my family. I thought about putting 400,000 down on a 600,000 house. This would allow me to have smaller payments on my primary residence. I am looking at northern Idaho. Most of the houses are highly priced. I also want to be out in the country on some land so this increases home pries as well. With the remaining 200,00 I could use it to buy four houses in the three hundred price range. I may have to add some but it would be enough for down payment on the properties.

As far as what type of investing I want to do.... I would say Short term rentals (air bnb), Mid term rentals (renting to nurses), Fix and flip, mini storage, commercial buildings. I am open to other ideas as well.

Hopefully I explained my self well enough.

So any suggestions on the best way to invest the funds?

Any questions please ask..

Hi guys,

Isn't there a specific forum for real estate tax and tax saving ideas? 

I haven't been on the forums for a long time but I thought that there forums specific to taxes. 

Thanks for the input

So what is going to happen? The class structure will go up or down?

I am not really sure what they are saying here.

 Thank you for the informative reply. I used to have 42 units and sold down to 13 units. 
Four years ago I sold two pawnshops and moved to a tropical island in the Philippines to retire. Now I have a young wife and daughter. The real estate bug is creeping back up again though.  Real estate in the Philippines is not a fun thing so i want to invest back in my state.

I used to know and do most of what you posted but apparently sitting on the beach has ruined my memory, lol. 

I dont need to sell the house that we were talking about. I have the cash for down payments so no issues there. The best tin for me to do is start searching out homes. They have gotten crazy here though. A decent house to live in with two acres used to cost 250,000 and now they are 550,00. There are better deals of course and those arent rental house but something I would live in.