All Forum Posts by: Holly Williams

@Chris Kennedy just make sure that you are not over-leveraged and can carry the costs without a tenant for a few months at least...preferably a year.

@Holly Williams make wall street rich rather. (For some reason, phone won’t let me edit.!

@Seung Oh I retired by moving money from the stock market into multifamily syndications. Public REITS typically make Wall Street. Equity investments rather than debt investments have changed my life. 10% that you are paying taxes on isn’t that good.

@Jorge Uribe without a doubt consult a good CPA. It’s worth it because a mistake could cost hundreds or even thousands. Spend the money for professional advice based on your personal situation.

@Jed Burkey Talk to your CPA. In my case, having a “real estate professional” in the family was a tax game-changer. Most of my income is from investing as a LP in multifamily syndications, which generate massive depreciation paper losses that the tax code enables my family to offset income from any source. You also don’t have to have a real estate license to achieve that classification.

This is precisely why I love syndications.  I've done it, and live on the income from those investments.  It's crazy, and I don't lift a finger, and get the tax benefits and the appreciation.  The paper losses offset other rental income as well.  It's the best of all worlds if you do it right. 

@Jaden Adams I am firmly in the get a degree camp, and there are ways to do it without accruing $100k of debt. Go to a less expensive school for the first two years and then transfer, apply for all the scholarships you can, and get creative on the living expenses. (House hack, renting rooms or units to fellow students, etc)

This life is about having options. When you have that degree, more doors are simply open to you.

I’ll ask the group. Of the millionaires on BP, how many of you DO NOT have a college degree? You may not think you “use it” but you do.

You can be super successful without a degree. I do think it’s a harder road though.

That's a great question, and I'll have to check on how the movie is coming along.  No regrets.  I made the best decision for the time.  I will stick with boring, pedestrian, real estate.  :-)

I'm so excited about this.  My new book is scheduled to be out at the end of January/Early February.  I can't wait to share more about how the Uber-Wealthy invest and what I've learned about the "club!"

@Lee Ripma I’m biased, so again, do your own due diligence. I’ve done turnkey, non-turnkey, and multifamily syndications. Syndications as an LP wins by a mile for me.