Good progress so far. Though I would caution on the real estate. 52 units on debt is not as stable as 15 paid for units. Don't pull a Dave Ramsey and go bankrupt on real estate when a recession hits and the banks call the loans. Also Dave's advise is not to own real estate farther than a 30 min drive. That's asking for trouble if you can't keep a close eye on your properties.
Leveraging in real estate is rolling the dice. I know people that when bankrupt doing that. However, the flip side is that I know people that did well by leveraging. I personally would never do that. You can become wealthy by just being slow and methodical, rather than gambling.
Thanks for sharing ! I have 5 million in debt with 5 million equity . Next moves will probably sell some to pay off some as I plan for early retirement.
@@stevendnguyen - Sounds like a good plan and I would probably do the same. 5 mil is plenty enough to living comfortably. Therefore I would own the majority, but probably keep a little debt.
Good job. Let it ride and continue the dollar cost avg. It works out in the long term. Maxing out the 401k should be a minimum. Careful w/ real estate. It trails inflation over time. Most people fail to recognize RE carrying costs when they calculate their ROI... When they do, they find its not so profitable after all... Being cash poor means you are investing at the amount. it should be a little painful....
Thanks for sharing ! Created a video talking about some of my recent real estate expenses . I'll probably sell a property to pay off my primary residence as I work towards early retirement and family planning
I decided to not do bonds and go with a high quality dividend etf like SCHD, Capital appreciation and growing dividend payments that in the past 10 years outpaced inflation by a wide margin. Also like REITs but keep those in tax advtanged accounts because they arent taxed like ordinary dividends. Compared to the s and p 500 SCHD is way less volatile. Over the long run the cash flow youd get off initial investment would be huge
@@stevendnguyen Thank you. Just recently found your RUclips channel and I am also a pharmacist. Thanks for taking the time to share valuable information you learned throughout the year. 👏
Do you recommend a split of (1) retirement, (2) cash for buying real estate (3) brokerage ? I feel like at $100k income (before taxes), if I put 15% to retirement, it takes so long to get a good chuck to buy real estate if I am only then saving 10-20% in cash.
Hey bro you have a story to tell. We want to hear it.. give us some stock information? What I invest in? How you navigate the market. That type of stuff
Your real estate also declined in value, the real estate’ illiquidity just masked the decline. You didn’t see it. If you tried to sell one of your properties on 8/5, you wouldn’t get a good price either. That is an advantage that real estate has over stocks: the illusion of stability.
@@stevendnguyen I am not saying the real estate permanently declined in value. It fell in value and recovered just as the broader market did. All risk assets are ultimately correlated. You just don't see it becuase of the illiquidity. If you could sell a house as easily as you could sell a stock, two things would happen: the house would be worth much more today (instantly) and it would go up and down in value like you see in the stock market. Conversely, if to sell a stock you had to have a broker, buy title insurance, register with the county office, find a buyer over 3 months, advertise, etc then two things would happen to the stock: it would be worth less (instantly vs today) and its price would not move as much becuase the market would price in a discount for the illiquidity.
Good progress so far. Though I would caution on the real estate. 52 units on debt is not as stable as 15 paid for units. Don't pull a Dave Ramsey and go bankrupt on real estate when a recession hits and the banks call the loans. Also Dave's advise is not to own real estate farther than a 30 min drive. That's asking for trouble if you can't keep a close eye on your properties.
Leveraging in real estate is rolling the dice. I know people that when bankrupt doing that. However, the flip side is that I know people that did well by leveraging. I personally would never do that. You can become wealthy by just being slow and methodical, rather than gambling.
Thanks for sharing ! I have 5 million in debt with 5 million equity . Next moves will probably sell some to pay off some as I plan for early retirement.
Well said . Leverage is a double edge sword . Have a video discussing that
@@stevendnguyen - Sounds like a good plan and I would probably do the same. 5 mil is plenty enough to living comfortably. Therefore I would own the majority, but probably keep a little debt.
Good job. Let it ride and continue the dollar cost avg. It works out in the long term. Maxing out the 401k should be a minimum.
Careful w/ real estate. It trails inflation over time. Most people fail to recognize RE carrying costs when they calculate their ROI... When they do, they find its not so profitable after all...
Being cash poor means you are investing at the amount. it should be a little painful....
Thanks for sharing ! Created a video talking about some of my recent real estate expenses . I'll probably sell a property to pay off my primary residence as I work towards early retirement and family planning
I decided to not do bonds and go with a high quality dividend etf like SCHD, Capital appreciation and growing dividend payments that in the past 10 years outpaced inflation by a wide margin.
Also like REITs but keep those in tax advtanged accounts because they arent taxed like ordinary dividends.
Compared to the s and p 500 SCHD is way less volatile.
Over the long run the cash flow youd get off initial investment would be huge
Thanks for sharing !
Which brokerage do you recommended for your 401k or stock portfolio in general?
I use whatever 401k my employer provides to me (fidelity, T-rowe price, Empower, etc), but if I had to pick, I personally like Vanguard.
@@stevendnguyen Thank you. Just recently found your RUclips channel and I am also a pharmacist. Thanks for taking the time to share valuable information you learned throughout the year. 👏
Do you recommend a split of (1) retirement, (2) cash for buying real estate (3) brokerage ?
I feel like at $100k income (before taxes), if I put 15% to retirement, it takes so long to get a good chuck to buy real estate if I am only then saving 10-20% in cash.
Video response coming soon on how I eventually did all 3 simultaneously
Any tips on finding a contractor to do work on a house?
Love the vids btw
Great question ! Video response coming soon so stay tuned!
Hey bro you have a story to tell. We want to hear it.. give us some stock information? What I invest in? How you navigate the market. That type of stuff
I buy index funds every month (VTSAX) from Vanguard . Automate it and forget it then watch it compound over 10 years
Your real estate also declined in value, the real estate’ illiquidity just masked the decline. You didn’t see it. If you tried to sell one of your properties on 8/5, you wouldn’t get a good price either. That is an advantage that real estate has over stocks: the illusion of stability.
Time will tell. I'm waiting for interest rates to drop before considering to sell. Thanks for sharing !
@@stevendnguyen I am not saying the real estate permanently declined in value. It fell in value and recovered just as the broader market did. All risk assets are ultimately correlated. You just don't see it becuase of the illiquidity. If you could sell a house as easily as you could sell a stock, two things would happen: the house would be worth much more today (instantly) and it would go up and down in value like you see in the stock market. Conversely, if to sell a stock you had to have a broker, buy title insurance, register with the county office, find a buyer over 3 months, advertise, etc then two things would happen to the stock: it would be worth less (instantly vs today) and its price would not move as much becuase the market would price in a discount for the illiquidity.
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Thanks !
Real estate in Alabama and Oklahoma......
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