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Aberlour 12 year. Used to do 18 yr but price doubled.
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It's a lifestyle choice and only you can determine if it's worth it. I was and has been for me the last 33 yrs. It's my favorite place.
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Agree. The Paso Robles and Santa Ynez Valley areas have some great and fortunately undiscovered wines. If you like Syrah Blair Fox can't be beaten....
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Proponents of triple net call it "mail box money". My concern with them is that a commercial building can "go dark" for several years...
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I tend to reds in the winter and whites in the summer but stocking up on both with spring sales and free shipping. Just ordered some Ridge Lytton Springs...
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I would check and see if there is a real estate investment group in your area and contact them to get recommendations on a local syndicator. A local one...
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My opinion is the low cash flow is not worth the hassle of being a long distance landlord, especially with the anti-landlord legal climate in CA.
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Successfully did one 3 yrs ago and had a couple fail because we couldn't close on the properties we identified in 45 days. Fortunately we were able to...
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I've been doing this for over 39 yrs, first as a Dr going between hospitals and now post medicine as a real estate professional looking at property, visiting...
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It is good to have a revocable trust but important to remember to title your property as owned by the trusts. Our houses, cars and even our LLC ownerships...
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No doubt we're in an extreme seller's market now and I expect with the Fed starting to raise rates money will be shifting out of the real estate market...
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Our "pond" is a 6 square mile lake built by God during the last ice age or so. It isn't private but I love it as a getaway and it is priceless...
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The real question is will BRK.B be more valuable in 15 yrs when clearly WB and CM are not around? I suspect it will be as they take their legacy and shareholder...
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I wouldn't put your planned home equity into the stock market. Put it into a high yield savings account. If you plan on staying in south Florida I would...
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Did you send her to collection? I recommend it if you haven't. It may take some time but you'll likely collect when she discovers her credit is in the...
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Both can be quite advantageous and a good path to wealth creation. Both use leverage. With the practice ownership you are leveraging other people's time...
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It’s akin to Bernstein’s advice that once you’ve won the game you can stop playing.
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One thing he doesn't mention is if you self manage you are also limiting your scale. One person or couple can only manage a limited number of doors and...
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Real estate investing isn't for everyone and don't feel you are not a success if you don't do it. You obviously are a success by most anyone's definition....
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As a felon he'd lose his license to practice so the penal system wouldn't let an unlicensed doc work on the inmates....
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If you want to avoid putting too much into the 529 for the daughter you may want to consider adding a UTMA account for her. It can be used for college...
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As a real estate aficionado I agree it is not for everyone and is not the set and forget it path like index funds. To do it right takes a lot of extra...
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I agree with others I would choose to stay at your current job. Less work load, better support and ownership are huge positives for long term job satisfaction....
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WBD: I agree with the others who have said your need for external validation and proof of self worth should be addressed or you won't be happy with not...
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I agree with Jacob that local and regional banks are your best options. You'll need to give them a copy of your personal financial statement and if you...
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Mostly local but a couple are 100 miles away and one is 20 miles away. I use them also so that I can scale up. One person is limited in how many units...
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Congrats! Well deserved. Hope you have a fulfilling retirement.
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Yes multifamily and single family rentals (mostly multifamily) and a few syndicated real estate investments. As of 12/31/21 we're up to $14.2M despite...
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You need a lawyer to form one since you know nothing about one and it has to pass muster with the licensing board. No time to be scrimping with your ...
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500K in CA? Is that even possible? You need a real estate agent scouring the prospects for you unless you have a lot of time to spend.
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The stats from the AMA seem to indicate private practice is on the way out. They claim 70% of MDs 40yrs of age and younger are employees. Hard to claim...
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Sold 47 units apartments in May, 28 units in SDIRA and 19 outside of IRA. Moved $450K out of SDIRA by reassigning the ownership of it's portion of some...
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Regarding setting up the Roth in Schwab and doing a conversion, it's easy. I just did one for me and one for my wife yesterday.
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I have had the law firm for many yrs. They set up our wills, trusts, power of attorney etc... It was no stretch for them to do the LLCs. I was originally...
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I also recommend you join a local landlord organization, if one exists in your area, so you can meet with and network with other landlords. You can learn...
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We are set up in LLCs that are 50% owned by my revocable trust and 50% by my wife's revocable trust. The LLC has the loan but you always have to sign...
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Thoughts and prayers. Glad you and yours are OK. It takes a long time for a community to come back from something like this.
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In essence we are legacy gifting as we’ve set up both UTMA accounts and a 529 account for grandkids. The idea is to gift the max $10K / yr to get the...
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In deferred account but if you want monthly income there are 2 I have: PSK and O.
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OK so I'm going to state what others have alluded to but have been too polite. This poor woman needs help. She wants marriage but is being strung along...
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It may the result of the life of being a doc. All day long every day your opinion is sought in your professional role so you get used to expressing yourself...
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Your LLC can have an umbrella. $500 will give you $2-5M of coverage.
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I realize we are out of the norm but we have multiple real estate loans with multiple LLCs and have accounts in 5 different local banks and one mega bank....
- 4 likes
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As a real estate investor you're better off owning your property in an LLC for asset protection and as a physician you'll have no trouble getting a bank...
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For me the second home is a lifestyle choice not an investment choice. Never rented it out and never intend to rent it out. I absolutely love it but am...
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Congrats on the granddaughter! Our son has 2 sons and nowhere near your son's income so we've done a combination of 529 with grandson #1 listed as the...
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What opportunity cost? You forgot we bought an apartment complex with the money, we didn't sink it into the lake home. The apartment is much more valuable...
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As a real estate investor I do believe in "good debt" as defined by Robert Kiyosaki as debt that someone else pays for you and that puts $ in...
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The problem I have with back testing is when someone uses it as "proof" that their investing strategy works. It is entirely different when you...
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Karl Marx, Karl Marx. Why does he get all the press? No one ever mentions his sister Onya - the inventor of the starter pistol....
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Hank is correct that losses generated by real estate or gas depreciation is worthless in an IRA and one of the arguments against holding real estate in...
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For me #4 - connecting and #9 continuing to learn have been the most valuable. I have made acquisitions/deals I never would have been exposed to had I...
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Precisely the track I have been on the last couple of years. I have paid ZERO income taxes the last 2 yrs due to bonus depreciation of real estate assets...
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We've opted for the lake home the last 16 yrs (from where I'm writing) and had a lake condo for 16 prior to that. I never tire of the view. A mountain...
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I use both Fidelity and Schwab and either would work well for the Roth. I transferred IRA $ to Roth IRA at Fidelity each of the last 2 yrs and it was...
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I am doing some conversion to Roth so don't need to be concerned about RMDs but am also taking distributions out of the IRA, buying multifamily property...
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I made several attempts at brewing in the basement but I'm a lousy brewer. It was fun but tooo much trouble for the results. Good beer is so easy to buy...
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Since I am 80% invested in real estate and 20% stock market and my retirement income comes from real estate my life style would be unaffected. I am actively...
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This is all fun and games but if you are talking a true post apocalypse society it will be preindustrial and 90+% of us wouldn't survive. Those that will...
- 3 likes
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I have found a couple who are invested in real estate themselves and are willing to talk about it. They will manage assets other than the real estate...
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I agree with others that you shouldn't "break up" the depreciation into categories and just take as much this year as you can to be sure you...
- 3 likes
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I was on various committees over the years, always started at 7 am and never got paid a dime. I figured it was charity work.
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Your neighbors would be the best source for local builders. Second best would be locals in the nearest town, assuming your house is not in a town. The...
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I knew 2 surgeons and a real estate guy who died piloting small planes. The last one last weekend was a Mooney that tail parts fell off causing the crash....
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Perspective. From a creature comfort standpoint we all live better than just about all of the kings, queens and emperors in history prior to the early...
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Who knows? This property market is unhinged. The last 2 multifamily I've made offers less than asking as they won't cash flow at asking and both sold...
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Summer Olympics has no interest for me. The winter Olympics are a nice diversion during the long dark hours.
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I'll quote Jane Bryant Quinn again: "The market timer's Hall of Fame is an empty room".
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I am sorry for your troubles and it must be hard losing your mother living at such a distance apart. One thing you and the executor might want to check...
- 1 like
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As a rental investor we have this discussion a lot of times in our meetings with other investors, including today because we had a big wind storm last...
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There are a lot of landlords I know who couldn't conceive of hiring a management company but I have always used them. I knew going in I wanted to be an...
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Just finished a one volume abridged version of Churchill's "A History of the English Speaking Peoples". The original was 4 volumes. He was quite...
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As LR points out there are many pitfalls to foreclosure investing. Many times there are secondary loans and also liens on the property that you will have...
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Any time you can pocket a tax free equity gain which you will by selling the current house it's a no brainer. As WBD points out the rental return won't...
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If you should disclaim or not depends on the beneficiary statement of her account. I was able to disclaim my father's IRA and Roth and it went directly...
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Some states like mine only allow the 529 account to be used for college or grad school so you have to either cash flow ELHI or use a UTMA account. Check...
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I have one for my grandsons I started 2 yrs ago. They are now 4 and 2. It's 100% VTSAX. I figure I can decrease the risk over time but take aggressive...
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At least you got that much. The only advice I got from an attending when I was leaving training was : "Don't wear white shoes"...
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