InExplicable Thoughts

Cash Flow, Cash Flow, and more Cash Flow

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On today’s podcast we are joined by Francis. He works full time in Chicago as an engineer but has started a small real estate portfolio worth over $1 million in the last few years. We discuss the following topics:

  • Homeownership in your 20s.
  • How to prepare to buy a house/condo
  • Using the app Cozy for management of his property. It is helpful to be a handy homeowner but it is not required.
  • NACA – a potential vehicle to cover your down payment if you qualify.
  • What low down payment options are available?
  • 30 year loan vs 15 year loan
  • Good real estate agents
  • Purchasing a 4 unit owner occupant Multifamily
  • Stocks vs purchasing Real Estate, which is better. The equity amassed in a year can often times outweigh the ROI on the stock market.
  • Tax Advantages (living expenses become tax deductible) , More likely to get a better return, Eliminate living expense and Cashflow, don't have to sell real estate to reap benefits
  • Managing an Airbnb business
    • ...more
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    InExplicable ThoughtsBy Franklin Eruo
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