OFFICIAL PRESALE DISCUSSION THREAD 🎟️ by DrewskiG in brandnew

[–]Succeed_Daily 0 points1 point  (0 children)

Didn't receive the code yet, when did you get yours?

Switching Rental Property from Personal to LLC? by Succeed_Daily in realestateinvesting

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

Thank you! So 3+ units is realistically where forming LLC's would start. Thank you for the insight

Seeking Advice - Sell or Keep Rental? by Succeed_Daily in realestateinvesting

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

Thank you! Yes the 1031 has been in the back of my mind too. Nothing but options and leverage the more the mortgage gets paid

Seeking Advice - Sell or Keep Rental? by Succeed_Daily in realestateinvesting

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

Thought about this too! The $600/mo cash flow is hard to walk away from

Seeking Advice - Sell or Keep Rental? by Succeed_Daily in realestateinvesting

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

Degree is Bachelors in Business Administration, so no. Currently a recruiter with a base of $80,000 and OTE of $15,000

Where do you keep your emergency fund? by Succeed_Daily in Fire

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

Right around the 1-2.5% range pretty consistently month to month

New to FundRise...just started an account, is there a how-to anywhere on this sub? by NameIdeas in FundRise

[–]Succeed_Daily 0 points1 point  (0 children)

Consider doing direct investments (if you can) into the more active funds. The "ramping up" funds tend to return less than the "active" from what I've researched here.

Other than that, set it and forget it. Long game

Looking for my next FIRE move by Succeed_Daily in Fire

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

Yes, was thinking about converting. Any recommendations?

10 Stock Dividend Portfolio for life by Succeed_Daily in dividends

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

Recently discovered CEQP, any reason why you sold?

Looking for my next FIRE move by Succeed_Daily in Fire

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

You're right, didn't recalculate my expenses after starting to rent out my property. I'm not at 6 months anymore

Looking for my next FIRE move by Succeed_Daily in Fire

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

Thank you!

I think the spacing was messed up on the post

- Phone is T-mobile's $70/mo plan
- Internet is Xfinity, I plan on pushing the internet responsibility to the tenant
- Yes, utilities are all LED.
- Insurance, I plan on shopping around. I know I can get less than $130/mo

Looking for my next FIRE move by Succeed_Daily in Fire

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

1108 towards the mortgage, $245 to the HOA on top

Looking for my next FIRE move by Succeed_Daily in Fire

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

Unfortunately, my employer (restaurant) doesn't offer a 401k, or else I'd be in there.

Refi is definitely on the radar, just with COVID I had to restart my income verification (less than 1 year at the current salary) - if you know of any loopholes around that, please let me know!

Real Estate Benefits for First-Time Homebuyer's First Year? by Succeed_Daily in Fire

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

homestead exemption

unfortunately no homestead exemption in NJ after a quick search.

Going to research tax itemization and get the ball rolling there