Recent content by rachael777

Karen. my net cash flow is approx $3500-$3800/month on the 6 homes (not $800k) which reflects mgmt cost, tax, insurance, repairs, vacancy allowance, insurance. This factors in 'set asides' each month for vacancy, repairs etc and in addition I have a several thousand dollar emergency fund for...

Listing my homes in my asset base I would have a networth of a little over $800 k but i feel cash or cash equivalents are more important. I do not plan to sell these homes and would lose my cash flow if I did. I also do not include my 'emergency fund for me' and my 'emergency fund for the...

Hi. figuring out this reply thing.. now doing 'quick replys'. All homes including my own are in an LLC. As my 'housing asset' base grows I may do a series LLC or different LLCs to split the assets that way. I do NOT have additional liability insurance but I think I will look into an umbrella...

replies thanks for the feedback I have no dependents and will pick up that book. I Did read The MIllionaire next door and in fact have that book. Very good book. Thanks for the feedback.

Hi all I am trying to be 'financially independent' early (by 6/2018)and do work I like paying $30-50k a year or maybe even what I do now but less and lower stress making $90-100k a year. I lost basically everything in 2009-2012 in a divorce, lawsuit attachments due to my ex, and the real...