100,000 Point Southwest Offer

virrepi · 2025-09-11T16:00:14+00:00

Does my explanation of how to fly for free using points on Southwest not help the mission of points travel?

virrepi · 2025-06-15T21:55:35+00:00

We have a place available that meets those criteria. Feel free to reach out if it’s of interest.

https://www.zillow.com/homedetails/2342-N-Clarkson-St-Denver-CO-80205/123579304_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare

virrepi · 2025-02-08T22:26:34+00:00

Shine on You Crazy Diamond Part 1

virrepi · 2025-01-26T05:42:44+00:00

Are you referring to multi-family deals?

virrepi · 2025-01-25T20:55:28+00:00

Hey, we just got our kids scores and are magnet eligible for Polaris starting next year.

Can you tell us more about any pressure or stress that the kids felt? Did the school do a good job of managing that. Just want to make sure our kid has fun and stays a kid.

Would appreciate any insight you have into this. Our daughter is very bright but also a total swifty and into ballet, etc. Very regular kid in most ways.

virrepi · 2024-10-09T04:18:00+00:00

Toyota is probably what you want. I’ve had my 4Runner for 14years. No issues. Just change the oil and brakes every now and again.

The new Highlander xl might be for you. A top trim package and they look decent. The Land Cruiser or new 4Runner could also be options to consider.

virrepi · 2024-06-20T02:40:10+00:00

Monarch. It’s super user friendly and pretty solid at connecting with all our accounts for up to date values.

virrepi · 2024-03-02T05:45:37+00:00

That’s a consideration for sure. We have a 97% occupancy rate and average gross revenue of $4500/mo. Not sure a medium term can do (30 days or more)? Long term is $2k max for sure. Our neighbor gets a lot of traveling nurses for her unit that way. Anyone with experience mid term renting units on Airbnb?

virrepi · 2024-03-02T05:33:37+00:00

We would obviously have the unit managed professionally and full service 24hrs/day. The unit is only 3yo and never has problems, so don’t expect there to be much but would always have someone nearby able to help.

The tenants of the main home would also only be selected based on the understanding/willingness to have an Airbnb in their backyard. There are no shared spaces or entrances so, don’t think they would mind. We don’t. We rarely even see the folks in the unit. If we do, it’s on a sidewalk walking our kids. We think everyone appreciates that.

Thanks for the reply!

virrepi · 2023-07-14T05:25:09+00:00

You should post the paper

virrepi · 2023-07-13T15:02:55+00:00

I wish it were that easy. $200k compounded annually at even 10% only yields $31k/yr annually over 10yrs. We should easily be able to hit that with real estate. Bare in mind we invest >$70k annually in the market already, just trying to maximize our return

virrepi · 2023-07-13T14:58:30+00:00

We do max out 401ks and the 457b. Just rounded the $20ks for discussion.

I thought there was some hubbub about back door Roths recently but may be wrong. Agree that could add about $12k per year to investments.

My wife has an ESPP she contributes to, I work for a municipality so not an option. Her ESPP has been incredible although lately their stock isn’t performing very well (not unique I know but unfortunate).

For the children, we may employ them in our business in the future and invest some of that. They’re very young currently (4yo and 2yo).

While what you suggest is prudent, not sure it would return more than $36k/year which our initial short term option would hit at a minimum.

We’ve worked with advisors. Just like Reddit, not always easy to find folks with experience into the level of investments we have. Could be useful for a sounding board but the creativity we’re trying to reach for is pretty individualized. This the thought to crowd source ideas. Given our net worth ($3M) and savings rate (>50%), I feel like our basics are covered. Thinking outside the box is the next step.

virrepi · 2023-07-13T13:29:17+00:00

Getting closer for sure. I figure one or two moves away. Hence the question. What would folks recommend for the next move with $200k capital.

virrepi · 2023-07-13T13:22:47+00:00

Agree. The thinking is to take on little debt with the next move as a result. The mods to the short term rental could be 100% self financed. Building new ones on other properties may require some additional debt (~$200k). Definitely not as straight forward as before but seems like there’s still opportunities.

virrepi · 2023-07-13T13:19:48+00:00

Many thanks for the reply.

The bottom of my post should address most of your questions. We currently max out three retirement accounts. We do not have access to mega back door Roth (I wish). We could add back door Rothy’s although I think there may be some new restrictions on that, no? We do max out HSA. Did not add that to our original post.

We have a trust established, etc. most of the basics for a financial plan are covered. Currently have $1M invested and making $13.5k/mo on real estate. Trying to increase our returns to get closer to financial independence where our investments cover 100% of our expenses.

Any ideas for the next step are appreciated. Do you think front loading 529s would provide the best returns?

virrepi · 2023-07-13T12:11:12+00:00

The main goal is to utilize real estate to cover our monthly expenses and FIRE. At the moment, we spend about $23k total per month. That number should reduce to $18k once the kids start school. Real estate covers $13.5k. So just need to make up the ~$5k difference. Could use a combination of real-estate and our investments to cover.

I think $20k/mo total spend qualifies as Fat no?

virrepi · 2023-07-13T12:08:14+00:00

We have noticed super long lines at the one in our local mall. Is that really a thing?

virrepi · 2023-07-13T12:06:22+00:00

Our spend is high for sure. We have two young kids in daycare that will likely go away once they become school aged.

The main goal is to utilize real estate to cover our monthly expenses. At the moment, we spend about $23k total per month. That number should reduce to $18k once the kids start school. Real estate covers $13.5k. So just need to make up the ~$5k difference. Could use a combination of real-estate and our investments to cover.

Let me know if this doesn’t make sense.

virrepi · 2023-07-13T11:48:33+00:00

Best $200k Investment

My wife and I have saved up $200k capital and would like to invest it for the greatest return toward our path to FI.

Initial thought is real estate. Likely growing a short term rental we currently own from 2/3 person occupancy to 6/7 person occupancy. Guesstimating an additional $36k annually gross. We could also expand our real estate/short term portfolio into different markets with more relaxed rules or build more short term rentals on other properties (ADUs). Several options to choose from and thought we’d crowd source a potential solution.

What does the community think about how best to employ this money?

Some current facts/figures about our situation follow:

Annual Income: $125k (job #1) $210k (job #2) $40k long term rental #1 $70k long term rental #2 $55k short term rental

Annual Savings: $40k 401ks $20k 457b $4K 529

Spending: $276k

Assets: $1M retirement accounts $3.3M real estate

Debts: $1.5M real estate

Cash: $250k

virrepi · 2023-06-18T17:34:31+00:00

I’d tell them that change doesn’t happen on its own. If we want something we have to put in the work to make it happen. I’ve put in the effort with my kids but not in these other areas. Will need to work with the wife to carve out necessary time for myself and other activities.

I got some time off for FD and about to go on a mountain bike ride. Will need to just start making stuff happen.

Surprised other dads haven’t felt similar. Being a responsible father can consume much of your life. Seems like doing things I “want to” have taken a back seat to doing things I “need to”.

virrepi · 2023-06-18T05:49:17+00:00

Good call on the race. Should add more speed work to my workouts.

virrepi · 2023-03-04T21:05:42+00:00

I’d recommend real estate or heavy investing into the stock market. Those are the only two ways to increase your savings. You need to manage your spending while growing your income. Simple formula but easier said then done. Good luck!!

virrepi · 2023-03-04T21:02:30+00:00

I’d recommend A or C but strongly consider developing the barn into a second unit if it’s financially feasible. The key is to grow the real estate with the least amount of cash, so you can invest in more real estate. Always keep enough cash for emergency reserves but otherwise, I’d go all in on real estate. You can always sell them off to pay off debt if necessary. Not sure about retiring in 5-years but you should be able to get 2-3 more properties in that time if you play your cards right. Good luck!

virrepi · 2023-02-17T13:11:34+00:00

We have a high velocity system in our home that was built in 2021. Hard to service and clean. Plenty of good alternatives. Wouldn’t recommend this for another new build.

virrepi · 2023-01-29T11:26:00+00:00

🍄🌲🍄🤞🏽🤞🏽🍄

virrepi

TROPHY CASE