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Free registration at the forum removes this block.Recent content by Rachel888
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Creative ideas for night owls?
HOT! IDEAWrite a book! Even if you don't have any idea what you would write, read the book "Published" by Chandler Bolt and it will help you come up with tons of ideas. I self published my book Money Honey by doing the same thing, staying up late and writing, and now I make $1,000/mo passive income. All...- Rachel888
- Post #14
- Forum: Ideas, Concept Feedback
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What is the BEST "value" you ever paid for?
NOTABLE! HOT! EXECUTION CHATThis sounds very high-maintenance, but about 6 months I paid $400 to have my eyebrows microbladed. It is the best money I ever spent. Not only do I have more confidence (and am more likely to leave the house without any makeup at all) but it saves me at least 5-10 minutes in the morning, which...- Rachel888
- Post #313
- Forum: Process and Execution
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What is the WORST "value" you ever paid for?
EXECUTION NOTABLE!Paid hundreds of $$ summer after summer to fix the A/C in my car. Not only was it a waste of money but caused me unnecessary frustration/anger. Last March I finally bought a new (used) car 2015 Honda Civic, paid for in cash! Best money spent ever!- Rachel888
- Post #31
- Forum: Process and Execution
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On track to retire by age 27! Rachel from KY
INTROWe plan on holding onto our properties for at least 10-15 years, so when there is a decline, we should have enough time to ride it out and wait for the value to increase. I think if anything, with the way our rentals are, and the housing market goes down, our rentals will do even better... so...- Rachel888
- Post #62
- Forum: Introductions
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On track to retire by age 27! Rachel from KY
INTROThat's awesome, thanks! Let me know what you think of it.- Rachel888
- Post #56
- Forum: Introductions
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On track to retire by age 27! Rachel from KY
INTROThat's awesome, thank you so much for reading! You are exactly right - I purposefully didn't go into detail on real estate investing in my book because I can write an entire book just on that entirely... which will be my sequel! Thanks again for the compliment and I'm so glad you liked Money Honey.- Rachel888
- Post #55
- Forum: Introductions
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On track to retire by age 27! Rachel from KY
INTROWe always run two scenarios when we are looking at acquiring another property... once where we manage them ourselves (these are the #s I have been quoting) and one where we hire a property management. Obviously the #s aren't quite as good but returns are still around 20% with the property...- Rachel888
- Post #54
- Forum: Introductions
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On track to retire by age 27! Rachel from KY
INTROYep! For our 11-unit for example, we account for 8% vacancy, $300/mo capex, $50/mo maintenance, utilities /pest control / yardwork >$1,000. Great reminder... leaving that stuff out can kill a deal! We try to be super conservative in our estimates... so far our *actual* numbers have always been...- Rachel888
- Post #48
- Forum: Introductions
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On track to retire by age 27! Rachel from KY
INTROOur plan is to hire a property management company before we move out West.- Rachel888
- Post #46
- Forum: Introductions
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I've Read UNSCRIPTED!
GOLD! HOT!I've read Unscripted!- Rachel888
- Post #1,171
- Forum: Books and Educating Yourself
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On track to retire by age 27! Rachel from KY
INTROThanks, appreciate it! We don't have a property manager so right now we are doing everything ourselves. We can handle the easier repairs on our own, but for anything electrical/hvac/complicated, we'll hire a contractor.- Rachel888
- Post #44
- Forum: Introductions
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On track to retire by age 27! Rachel from KY
INTRONo, CAP is the net operating income divided by the sales price of the house... ROI is the net operating income divided by the amount invested (basically down payment.) Our cap rate for our duplex is $7,000/$93,000 = 7.5%. Our ROI is $7,000/$34,000 = 21%. Our cap rate for our 11-unit is...- Rachel888
- Post #42
- Forum: Introductions
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On track to retire by age 27! Rachel from KY
INTROI'll be retired for sure, because of that passive income! :) One of the goals I stated was to increase our passive income to $10k/mo from real estate alone, not including our other passive income streams, within the next 2 years. We have a solid plan to achieve this and are on track...- Rachel888
- Post #40
- Forum: Introductions
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On track to retire by age 27! Rachel from KY
INTROThank you! And I appreciate the Rep transfer... I just had to do a quick search to see what "rep bank" meant and was for. :) Thank you for the kudos!- Rachel888
- Post #37
- Forum: Introductions
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Going "All-In" on ONE cryptocurrency... which?
CRYPTO INVESTING NOTABLE!Fair enough! :) Thank you for the response!- Rachel888
- Post #113
- Forum: Investing, Crypto, Personal Finance