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  1. Rachel888

    Creative ideas for night owls?

    HOT! IDEA 
    Write 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...
  2. Rachel888

    What is the BEST "value" you ever paid for?

    NOTABLE! HOT! CHAT EXECUTION 
    This 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...
  3. Rachel888

    What is the WORST "value" you ever paid for?

    NOTABLE! EXECUTION 
    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!
  4. Rachel888

    On track to retire by age 27! Rachel from KY

    INTRO 
    We 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...
  5. Rachel888

    On track to retire by age 27! Rachel from KY

    INTRO 
    That's awesome, thanks! Let me know what you think of it.
  6. Rachel888

    On track to retire by age 27! Rachel from KY

    INTRO 
    That'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.
  7. Rachel888

    On track to retire by age 27! Rachel from KY

    INTRO 
    We 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...
  8. Rachel888

    On track to retire by age 27! Rachel from KY

    INTRO 
    Yep! 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...
  9. Rachel888

    On track to retire by age 27! Rachel from KY

    INTRO 
    Our plan is to hire a property management company before we move out West.
  10. Rachel888

    I've Read UNSCRIPTED!

    GOLD! HOT! 
    I've read Unscripted!
  11. Rachel888

    On track to retire by age 27! Rachel from KY

    INTRO 
    Thanks, 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.
  12. Rachel888

    On track to retire by age 27! Rachel from KY

    INTRO 
    No, 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...
  13. Rachel888

    On track to retire by age 27! Rachel from KY

    INTRO 
    I'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...
  14. Rachel888

    On track to retire by age 27! Rachel from KY

    INTRO 
    Thank 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!
  15. Rachel888

    Going "All-In" on ONE cryptocurrency... which?

    NOTABLE! CRYPTO INVESTING 
    Fair enough! :) Thank you for the response!
  16. Rachel888

    Going "All-In" on ONE cryptocurrency... which?

    NOTABLE! CRYPTO INVESTING 
    I might be the only one in this entire thread who feels this way, but does anyone else feel like "investing" in crypto is NOT a good investment / does NOT make sense? (cents? hehe.) I just don't see currency as a legitimate investment. I've always been very anti-crypto (but also not incredibly...
  17. Rachel888

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    I've read the book! I'm an avid reader, and rank your AMAZING book among other favorites such as "How to win friends and influence people" by dale carnegie and "ultimate sales machine." But I have to say Fastlane Millionaire is probably my #1 favorite nonfiction book. The first time I read it...
  18. Rachel888

    Kentucky/Louisville Meet Up Interest

    MEETUPS 
    I'm brand new here but would love to join. I'll go ahead and mark the date and see if I can figure out how to turn on notifications for this thread :)
  19. Rachel888

    On track to retire by age 27! Rachel from KY

    INTRO 
    Nice - keep me posted! If you have a chat group for the fellow Kentuckians I'd love to be a part of it. Happy to help answer any questions. My biggest piece of advice is to read "Published" by Chandler Bolt. I learned everything I needed to know about publishing a book from him. He has a whole...
  20. Rachel888

    On track to retire by age 27! Rachel from KY

    INTRO 
    That's great advice, thank you! My fiance and I promised each other our deadline was May 2020 and we have vowed to stick to it no matter what, so hopefully when it comes down to it I can follow your process and arrange something similar.

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