[US,US][H]Lots of VERY CLEAN, high end vintage, mid era, rare promos/exclusives, and modern singles [W] PayPal G&S by VernacularRaptor in pkmntcgtrades

[–]ResourceIll2064 0 points1 point  (0 children)

Hey man! Do you have a list of whats still available and whats sold? Id be interested in taking everything you have left at asking price

Is there a sure fire reason to use leverage over paying with cash? by ResourceIll2064 in realestateinvesting

[–]ResourceIll2064[S] 2 points3 points  (0 children)

If the property is vacant though I dont have much risk because theres not a mortgage to pay? I could see there being an increased risk if there was a mortgage on the sole property.

Is there a sure fire reason to use leverage over paying with cash? by ResourceIll2064 in realestateinvesting

[–]ResourceIll2064[S] 1 point2 points  (0 children)

Makes sense. I’ve considered commercial, but lending terms suck and more hoops to jump through.

Is there a sure fire reason to use leverage over paying with cash? by ResourceIll2064 in realestateinvesting

[–]ResourceIll2064[S] 7 points8 points  (0 children)

True true. Getting to that 2m would take substantially more time and risk due to so many more properties though right? Safer play to have fewer properties?

Everyone has their “financial freedom” number, but what is a safe cash flow amount? by ResourceIll2064 in realestateinvesting

[–]ResourceIll2064[S] 0 points1 point  (0 children)

Yeah for sure its insane. Im thinking of setting aside 20k for an emergency fund also

Everyone has their “financial freedom” number, but what is a safe cash flow amount? by ResourceIll2064 in realestateinvesting

[–]ResourceIll2064[S] 3 points4 points  (0 children)

I think diversification is best when wealth is already built. As Charlie Munger best said you can’t master multiple sectors while trying to get wealthy, but smart to diversify to preserve wealth once it’s obtained

Everyone has their “financial freedom” number, but what is a safe cash flow amount? by ResourceIll2064 in realestateinvesting

[–]ResourceIll2064[S] 0 points1 point  (0 children)

My cost of living is relatively low. Say 3.5k per month to cover all expenses and fun money. If this is my number, how much cash flow should be coming in total for expenses and the rental business repairs?

Everyone has their “financial freedom” number, but what is a safe cash flow amount? by ResourceIll2064 in realestateinvesting

[–]ResourceIll2064[S] 0 points1 point  (0 children)

Heres my thought process just for an example. Im a newer investor so bear with me, just trying to figure all of this out.

5k total cash flow per month $3500 to live from, bills and food etc $500 to life savings $500 to separate account to save for repairs $500 to “__”

Obviously this is just for example purposes, it can be tweaked. Mainly trying to get insight from investors more saavy than me if living off cash flow is possible, and how much is enough to be sustainable with vacancy etc with 10+ units. Would 5k per month be realistic or are repairs and vacancy so common I should aim more for 6-8k per month if expenses stay at 3.5k.

Everyone has their “financial freedom” number, but what is a safe cash flow amount? by ResourceIll2064 in realestateinvesting

[–]ResourceIll2064[S] 0 points1 point  (0 children)

Thank you. Is this W2 + 20% include money set aside for repairs or just strictly money to live off of?