Mile High FIRE
@Fire5280
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From paycheck-to-paycheck at 25, to achieving FIRE at 42 via $10M+ residential real estate portfolio.
Colorado, USA
Joined November 2021
Many will tell you that one's home is not an asset. If that's true, then how did I spend the past 7 years leveraging my home's equity to acquire 3 additional income properties, worth a combined $2.6M, that cash-flow more than $6K/mo. ?.
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@CalltoActivism Serious question. Why should taxpayers be on the hook for someone's elective surgery?. Also, why should the government PROMOTE gender transition?. Don't get me wrong, I think adults should be able to surgically change their bodies to match their gender identity if they choose,.
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@RealJamesWoods Step 1. Relentlessly downplay the threat of climate change. Step 2. Lose home to a climate related event. Step 3. Blame Democrats.
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Over 40k people follow this account for financial advice. 🤦🏼
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Seller: I'm willing to pay you $15,000 to help me sell my $1.5M home. Agent: 1.0%? Are you kiddin' me. No Thanks!. ---. Seller: I'm willing to pay you $15,000 to help me sell my $500K home. Agent: Asbolutely! When can we start?!.
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@TheCinesthetic Receiving a call, and being told to turn on the TV, only to have the TV already tuned into whatever breaking news story the caller wants you to see/hear.
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Long-term tenant texted me at 10:00pm last night, letting me know that the power was out in her bedroom only. I suggested that its likely a breaker that needed to be reset, and I told her that I believed the breaker panel was in the garage. When she couldn't find the breaker.
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@PathwayToFI No, not hard to believe, if you understand how averages can be heavily skewed by extreme outliers.
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@tommysantos14 20+ tweets on election day, then complete social media silence after 8:00pm on Tuesday. For a man who loves the spotlight, a man who loves winning and talking about winning. this is extremely uncharacteristic.
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I like how his incredibly detailed chart conveniently stops after year 30. I'm sure nothing changes after year 30 that would drastically undermine his self-serving thesis. 🤡
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@creation247 Has no female friends. ?. I don't trust a guy who has no female friends. That's a 🚩.
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We owe $800K on our primary mortgage (2.625%). We pay $1750/mo in interest on this loan. $800K in a 5.0% HYSA would earn us $3,333/mo. By not paying off our mortgage, we can literally double our return, with no risk. Paying off our low-interest mortgage makes no sense for us.
There are real people who will argue that having a low interest rate mortgage is better than having no mortgage.
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@piersmorgan Has Musk apologized yet? that would go a long way. But if he hasn't, and has no plans to. then that says a lot too.
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@Anc_Aesthetics @mcuban She's been in power as much as Pence was in power during Trump's 1st term. the VP is selected to be there and ready to step into the role, if needed. not to call the shots while they are VP.
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@MarketPalmer_ Alternatively, if you were renting for 3 years, at $2,000/mo, you'd still have spent $72,000, and you have zero principal pay down, and zero equity growth.
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My wife and I are 43. Our kids are 11 and 8. The next 10 years might be the only real time we have left to truly experience life together as a family. Should I liquidate 2 of our income properties, and create a $700-800K fund that we could draw on to truly maximize those years?.
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@sweatystartup Would you rather:. 1. Have 40,000 followers.2. Be able to afford a $10,000 used vehicle.
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@charliekirk11 Disgraced herself, for talking about mercy in her sermon. ?. You can turn your back on the original tenets of Christianity if you want, but not really fair to attack a woman of the cloth for reminding you and others of what those tenets are.
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Imagine crying to X, claiming that a parody account called "Worst Finance Takes" is stealing your content, getting them suspended, and feeling like you won the day. What a complete self-own. 🤦🏼
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@JoshEakle My favorite are the people who are like:. "Anyone can take a screen-grab, and make it seem like something it's not!". as though there isn't an unedited video clip that is 20x worse than the still frame. 🤦🏼.
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for those wondering, I did suggest face-timing last night, but her phone would not connect for some reason. .
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@IanCopeland5 @joerogan Anti-vaxxers: no way in hell I'm putting something in my body that they haven't done extensive testing on. And even then I'm not sure. Also anti-vaxxers: Mel Gibson says he knows multiple who cured stage-4 cancer with Ivermectin. That's good enough for me!.
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If you make $110/hr, you'd have to work full-time for 2 months, in order to make $35K. If you're a RE agent, and a buyer asks you to help them buy a $1.25M home that they found on RedFin, you can make $35K in 8-12 hours. This is why the market is demanding commission changes.
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@charliekirk11 I'm a man, with many women that I care about, including my two daughters. I voted for the person that won't work to deny them their right to make their own healthcare decisions.
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If a 2yr recession hits, and you lose your job, the person with $700,000 in liquid assets, can much more easily ride out that storm, than the person who paid off their mortgage, and has all their capital tied up in their home.
We own our $700k house free and clear. A lot of folks love their mortgages. Because they have a low interest rate. But let’s see how much you love it when:. Recession hits.You lose your jobs.Portfolio is down 40%.And the mortgage is due. 1 in every 54 houses foreclosed in 2008 🤕.
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@Supt_Chalmers @zawa113CJ @CalltoActivism Well, it's simply not as "medically necessary". So yeah, it's hyperbole.
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@WindedVoyage @CalltoActivism I mean, does anyone really "deserve" anything?. An again, I dont care what adults do to change their bodies. Color your hair, get tattoos, get new tits, hit the gym, get botox, whatever you want. but its your financial responsibility. Expecting the government to pay for this.
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@amyforsandiego @Mom2Redheads So someone you know sent you a photo. but you have no evidence of who broke the window. No photo of the person, no name, nothing. You just assume it was a violent leftist. ?. Really great journalism. Truly brilliant. 🤡.
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@SMB_Attorney 6,500 of Biden's total pardons, are for people who were convicted of simple posession of marijuana.
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@Blind__Luck For real??? . Man, what a bummer for him. Probably best for him to cut loose, and find someone less materialistic.
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@Supt_Chalmers @zawa113CJ @CalltoActivism Ok, let me try explaining it this way. Two people walk into an emergency room at 1:45am. The 1st is experiencing deep abdominal pain, and thinks it may be a ruptured appendix. The second is a 22 year old biological man, who is not physically injured or in pain, but looking.
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@SolarOakmont OK. But I'm not. Sorry that I'm not comfortable forking over $75,000 of my home's equity for the priveledge of selling said property.
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I have a $1,375,000 home that I am looking to sell this year (seriously). How much should I offer the buyer's agent?. Using the old/traditional 2.8% model, that would equate to $38,500. Assuming they spend 40hrs on the deal (big if!), that's $962.50/hr.
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@acnewsitics Wait, were there people who thought you could become a rich billionaire without screwing over the American worker. ?.
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I guess the next question is. How long until his wife wrecks their sole remaining vehicle?.
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Wealthy person here. 🙋🏼♂️. I just paid for the annual home insurance premiums on 12 different cash-flowing rental properties. The total was just over $27K. And at 2%, I'm going to get $540+ in cash-back for something I needed to buy for anyhow. Why would I turn that down???
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@BleachedRatTail Dude, get real. This was at 10:00pm on a Saturday night. Not an emergency. I went up there this morning, found the panel, and reset the breaker.
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@LiferRealestate Just because I'm challenging your industry's fee structure, doesn't mean it's flawed. I could tell my clients the same thing about me and my experience, as a veteran software developer. The difference is, I'm only charging $125/hour. not $800/hr or more. .
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@michelletandler Totally. People on the right are always jovial, except when theyre screaming about:. Immigration.Price of bacon/eggs.Price of gas."Happy Holidays".Vaccines.Football players kneeling.Taylor Swift.Cancel-culture.Trans Athletes.Disney.Wind.Hydrogen Vehicles.Hunter Biden.Electric.
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This dude paid off his 3.0% mortgage a few years ago. He won't admit it, but I just know he regrets that choice.
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When I was 30, my net worth was less than $100k, and I leased a $65k BMW. I'm 43 now, and my net worth is north of $7M, yet I'm reluctant to trade in my paid off $40k truck, for a newer $60k truck. Is this maturity, or is my thrift out of control?.
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I feel like this event, more than anything else, all but guarantees a 10% correction in residential real estate.
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Hot Take: Price gouging doesn't actually exist. The price you pay for something is always reflective of perceived value. If the value isn't there, consumers wont purchase it at the current price.
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@sircyclone2003 It's true, but 5-minutes of patient troubleshooting via phone could have solved the issue. Being hostile with someone trying to help you is rarely productive.
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@teslaSharts420 What more could I do in that moment, with her being hostile, and unwilling to help me troubleshoot via phone?.
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@Michell33650674 It's about the safety of. his fragile ego, should the weather hurt turn-out.
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@DoomerTapes @creation247 "Women have nothing to offer me other than relationship.". You should put that sexist nonsense on your Tinder profile. Let me know how it goes. 😂.
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Would you lock-up $20,000 worth of capital, for 10 years, if it only gave you a 6-8% annual return?. And then at the end of the 10yr term, you only got back $8-14K of the original $20K investment?. No. ?. Yet so many people still install solar on their roof. .
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I have 12 income properties. I could liquidate 6 of them, pay off the other 6, eliminate all investment mortgage debt, reduce stress and headaches, and increase my monthly cash-flow by about $5-6K. Would you do it?.
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@MarketPalmer_ Those real world people include me. I'd much rather owe $500,000 at 2.65%, than have $500,000 of my net worth tied up in my home. The opportunity cost makes that choice a no-brainer.
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@Damiata_Mike So lets say $4,000 in staging and marketing materials. All the other stuff is maybe 20-25hrs of your time, and that is probably being generous. Are those services worth $1,000/hr. ?.
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My wife and I have been actively investing for about 15yrs. If we had relied solely on 401K plans, our net worth would be about $2.4M. But by minimizing our 401K contributions (just to get the match) and investing in RE as well, our NW is closer to $8M. RE is the way.
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@DoomerTapes @creation247 Hey, if your wife won't let you have female friends, and you're fine with that lack of trust in your relationship, then I guess that is your life to live. 🤷.
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Amazing that one of the most divided governments in modern U.S. history, could manage to come together to pass a $95,000,000,000 foreign aid package, that a majority of American don't support. Just think of what that money could have done domestically. Unreal.
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YTD, my wife has contributed $10,060.70 to her company 401K. Her employer has matched $8,048.61, or an 80% instant return. There are actually people out there would tell you to pause your contributions and match, if you have any consumer debt. Don't listen to those people.
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@SteveOnSpeed Come on. Even at an extremely conservative 3.0% return, $2M would generate $5,000/mo. Gotta at least make these hypotheticals thought-provoking. :).
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@unusual_whales Wild. a guy whose business relies heavily on consumers being able to secure favorable interest rates, supports his new BFF being able to manipulate borrowing rates. Shhhhhhhocking.
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Everyone needs to encourage their teens to pursue a career in electrical, HVAC, or plumbing, otherwise we're all gonna be paying $500/hour for those blue-collar trades here soon. .
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Amazing how many people see a faucet over the cook top, and think "OMG, what a great idea, that's going to save me so much effort!". Such a pointless "upgrade", considering the added build cost.
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People driving 15 year old Camry's talk about being rich, not looking rich. But a 2008 Camry is missing sooo much tech. You wouldn't use a 10 year old phone, and tell people it's better to be rich, than look rich. Modern tech is worth the upgrade.
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Colorado is looking to change the way STRs are treated, with regards to property tax, beginning in 2026. For context, I currently pay $7,101/yr in property taxes on one of our STRs. If the bill becomes law, my property taxes will spike to nearly $29,700/yr. Good times.
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My father died at the age of 57, with a net worth less than $500k. He owned an operated a relatively successful construction company for more than 25 years. So what went wrong?. 4 divorces. 🤦🏼.
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My wife just turned 43. She's been contributing to her 401k (up to the employer match) for as long as I can remember. Probably 10+ years. Her current total is only $118,000. Is it just me, or doesn't it feel like her total should be higher?.
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If you lost your job tomorrow, would you rather have:. A) A paid off house, that saved you $2,500/mo in mortgage payment, and $10,000 in your checking account. B) A $200,000 mortgage, that costs you $2,500/mo, and $210,000 in relative liquid capital earning 4.0%.
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The guy who said paying off his 3.0% mortgage was one of the best decisions he ever made. is mocking others for only capturing a 5.0% return. Bless his heart.
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I feel like we're witnessing this guy negotiate the various stages of grief in real time. I wonder how many homes he's unsuccessfully bid on. I also wonder if his aversion to building his credit score has been a factor. 🤔
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@esjesjesj Politics aside. Mickey Rourke looks like the when Ken gets his ass kicked by Ryu on Street fighter II.
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So Trump said he will:. - lower interest rates.- impose 100% tariffs on China.- fix inflation, and bring down prices. So I have to ask, does Trump understand how anything works, or is he just reading words off a teleprompter, with no real plan?.
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@FilledWithMoney Did you say no thanks and just move out, or did you offer to stay if he kept it at $1,375?. You should reach out, express interest at $1,200, and at the in person tour, give him the ole.
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@cdjames84 @BleachedRatTail Ok, sure. most people would prefer to have everything go right at all times, and never be inconvenienced in the slightest. but that's not how life works.
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A 4% employer match doesn't mean they are matching 4% of your 401K contributions. It means they are matching 100% of your contributions, up to 4% of your salary. Not understanding the difference can lead one to make some really poor and costly decisions.
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A credit card is absolutely an emergency fund. It's a costly, and ill-advised emergency fund, but an emergency fund nonetheless. The only thing worse than using a CC in an emergency, is having no option when a financial emergency strikes. 🤷
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@unusual_whales My favorite is when the tip cheat-sheet they print on the receipt, the one that shows how much 18%, 20%, and 22% is. is based on the bill total AND the applied tax. Yeah, no. I'm not trying to tip on the tax.
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Colorado set a $35/mo max pet fee, whether you have 1 dog, or 3. Now tenants with multiple dogs are having a difficult time finding rentals, since there is no real incentive for a landlord to accept an applicant with pets, over a similar applicant with no pets. 🤷.
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Understanding opportunity cost is definitely better than not understanding opportunity cost. I will not debate 💯
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Dave Ramsey's 3 rules for buying a house:. 1. Be completely debt free.2. Have an emergency fund, with 3-6 months of household expenses.3. Never take out more than 15yr fixed-rate mortgage, where payment is more than 25% of your take home pay. Had I follows this advice, I wouldn't.
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@StealthQE4 YouTube is free. Code academy is very affordable. Door Dash exists. Uber exists. Blue collar trades are making a killing. Other 18yr olds are lazy and entitled. Opportunity is out there, it just looks a bit different.
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Net Worth Update:. Jan 2018 - $3,127,000.Jan 2019 - $3,358,000.Jan 2020 - $3,756,000.Jan 2021 - $4,288,000.Jan 2022 - $6,015,000. Thank you, pandemic real estate explosion.
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