I wanted to reach out for additional feedback on a retirement or soft FI strategy I’m helping someone think through.My friend’s dad, who lives in Sacramento, wants to retire but currently doesn’t see a clear path with his 401(k) or other investments.

Then I went out fishing for rockfish ( striped bass )  and we got 3 keepers .   

Several banks offer soft inquiry options, I'd try those out prior to risking the HP.

FINAL NUMBERS:- Projected Costs: $380k ($357k in build cost & $23k in soft costs)- Actual Costs: $389k ($369k in build cost $20k in soft costs)Note: We had very minimal carrying costs because we utilized a CA HELOC with Premier Valley Bank that had a 2.99% introductory interest rate.- Projected Finished Value: $750k- Actual Finish Value: I think between $800-$850k, not sure yet.

Renovations, such as upgrading common areas, adding amenities, and improving unit interiors, can be costly, so it's crucial to determine the expenses before acquiring the property.Seeking the help of a construction professional is recommended to create a comprehensive budget that includes hard costs (materials, labor), soft costs (architectural and engineering fees), and contingencies for unexpected expenses.

Hi, I work primarily in Lackawanna County and my brokerage does a lot of work in Big Bass Lake.

Land $100k (owned free & clear) | Soft Cost $26k (Paid and Covered)  | Build $250k |ARV $460k | Exit: sell on completion

For a fresh and inviting look, consider painting the walls a soft, neutral color like a warm beige or a light gray.

I understand the human factor, you want to have a soft heart and help those in need BUT from a bussiness stand point, you are putting yourself at risk.  

Hey Erica,It’s never too early to start — honestly, the fact that you’re thinking a year ahead already puts you ahead of 90% of people who “plan to invest someday.”You don’t need to talk to lenders right now if you know you won’t buy for 12+ months, but doing a soft prequalification chat with one or two local banks isn’t a bad idea.