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17 contributions to Dion Talk Financial Freedom
22h •
Seller Credits?
How does it work If I roll the cost of a new roof into the purchase price and request a seller credit for the new roof. Frank's other post made me think of this.
2 likes • 22h
Definitely check with your lender first to see how much seller credit they’ll allow. Typically, a seller credit is money the seller agrees to contribute at closing toward the buyer’s allowable closing costs, such as lender fees, title costs, prepaid taxes/insurance, or sometimes a rate buydown. It usually isn’t cash that gets handed directly to the buyer. If you’re specifically trying to roll the cost of a new roof into the purchase, that may need to be structured differently, possibly as a repair escrow/holdback where funds are set aside for the roof. And if you increase the purchase price to account for it, the property would still need to appraise at that higher price.
2 likes • 22h
Another possible structure is to increase the purchase price and have the seller complete the roof replacement before closing. The downside, If the seller is paying for the roof, their incentive may be to get it done as cheaply as possible, not necessarily to choose the contractor, materials, or workmanship you would choose as the long-term owner.
16d •
Graham Pays off 2.875% mortgage...says Dave is right?
Hey all, recently saw this video he posted. Anyone else watched it? I found it interesting considering all his earlier content. I wonder a lot about these kind of finical moves so curious has anyone else paid off a home or just bought in cash so you have no mortgage? Do you regret it? Does that peace of mind really exist? If you get more cash flow from paying off a home than buying a new deal is it really a bad thing? Am I just crazy or do others go through these thought exercises too?
2 likes • 16d
i think the video was a bit click bait worthy. I watched this video multiple times because technically i didn’t hear him say he paid off those low interest mortgages early and kept the properties. What I heard was that he sold those properties essentially getting rid of a low interest mortgages. I ran the transcript through Ai and it also says that based on the transcript it doesn’t appear that Graham paid off three mortgages, he essentially sold the properties. To me what he did is slightly different than having paid off properties.
22d •
Got kids?
Is the goal to leave your children wealth, knowledge, choices—or some combination of all three?
1 like • 22d
@Alex Dudder what did I do now?? 😂😂
26d •
When is Enough, Enough?
Let's go ahead and hit all the controversial topics today. Yesterday I was having a conversation with @Marc Financial Fire Fighter on X, and due to me not being a premium member, my responses had to be very limited. So, let's dive into this topic further here. The way this conversation goes is that the goalposts never stop moving. People go from the goal of financial freedom to empire. Let's dissect that a little bit, and to do so, I will tell part of my story. When I started my second real estate life, I was making $750 a week with a family of 7, and all I wanted was financial freedom. So, by my math, $3500 per month would make me financially free. But guess what, it sucks to live off $3500 per month. So, I changed my goal (I wasn't living off the passive income yet, but I changed my goal). So, I thought, let's make it $5k per month. Then my real estate hit $5k per month passive income. But guess what, with a family of 7, $5k per month sucks as well. In 2022, I moved into a paid-off house, no debt, and a job making $1k per week, and it was tough. So, I changed my goal to $10k per month - even though my real estate was making more than my job, it still wasn't what I thought it would be - plus Covid happened and spiked the prices of everything, so we were financially free, but it still wasn't fun. In June of 2022, I was fired from my job and started living off cash flow. My real estate was pulling in $10k per month or so, and we started living off of $1500 wk (6500 per month), which is about the average income in Indiana. We still qualified for government health care, had no extra money for vacation, had no debt, but if big expenses came up, we were strapped; it wasn't fun. Now the narrative out there is we should stop moving the goalposts; I have been financially free for 4 years - but it sucked, which is why the Lumberjack talked about Fat Fire or Obese Fire. I was financially free and fired; sure, I could have gone back to work, but who wants to do that? So, I created partnerships and went full-time investor. Now I work a ton on my properties and my partnerships, and I now want to hit $50k per month NET. Why? Because I created an ideal budget, and I want to hit that number ($25k per month), and I want my BUSINESS to thrive as well, and if I am eating all the profits, I can't grow.
1 like • 25d
@Matthew Parrott You’re still arguing against a point nobody is making Nobody said wanting more is bad. The point is remembering why you wanted more in the first place. If your original goal gave you the freedom, lifestyle, and time you wanted, and you genuinely WANT to keep building an empire, awesome. Go build it. But if you just keep accumulating because apparently the scoreboard can never say YOU WON, that’s exactly the point. There’s a difference between choosing a new goal and being incapable of recognizing when you achieved the old one. Wanting more isn’t the problem. Never knowing what “enough” looks like might be.
1 like • 25d
@Matthew Parrott I think you’re misunderstanding what a discussion is. If you know Craig @Craig Parsons , or actually watched the entire livestream, you’d know he’s going to keep doing real estate because he loves it. His point about getting to four doors wasn’t, “Everyone should get to four and quit.” It was about how easy it is to get caught up chasing more and more without ever stopping to ask what you’re actually trying to accomplish. Craig may own 4, 10, or 50 someday. That doesn’t automatically mean he’s trying to build an empire. There’s a difference between continuing to do something you enjoy and endlessly moving the goalposts because “more” became the goal.
26d •
Would you rather
Own 25unit apt building, or 25 individual homes? Why? Debt aside, same NOI (cash flow no debt), same market.
2 likes • 25d
It depends entirely on where I am in the journey. If I’m still building and need to protect my income, I’m probably taking the 25 individual homes. My first question isn’t just, “Which one has the same NOI?” It’s, “What happens when something goes wrong?” If that 25-unit apartment building stops producing income for months because of a fire, natural disaster, major repair, etc, does that materially impact my life? That’s a lot of income concentrated in one asset and one location. If I already have significant income coming from other properties, businesses, investments, or other sources and could comfortably absorb that building producing little or nothing for a while, then the 25-unit becomes much more attractive. One roof, one location, potentially simpler management and economies of scale. Same NOI on paper doesn’t necessarily mean the same risk to me. So my answer changes depending on where I am financially. Early in the journey, I probably value diversification and resiliency more. Later, when losing that income temporarily wouldn’t change my lifestyle, I’d be much more willing to take the concentration risk of the 25-unit. But that’s only if I wanted to do more. 🤣
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@marc-oshiro-9208
Financial Fire Fighter on YouTube, X, and Instagram. 21 Doors. Dad, firefighter, EXP Realtor, Investor in Hawaii & Pittsburgh.
Active 19m ago
Joined Aug 1, 2026
Hawaii
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