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Dion Talk Financial Freedom

122 members • Free

One Rental at a Time

569 members • $20/m

3 contributions to Dion Talk Financial Freedom
Howdy!
Hi friends! Happy to connect with you all here.
1 like • 2d
@Jay Molis I really enjoyed visiting with you! Great to connect here as well.
Hindsight...
If you could go back and eliminate one property from your portfolio before you ever bought it, which one would it be and what red flag did you miss?
2 likes • 2d
I wouldn't have bought my money pit in Cle Elum, WA. It has tons of potential that maybe some day will be realized. I won't be taking on a subdivision or major boundary line adjustment again. The home was a rotten pumpkin and I knew it, but bought it anyway... I'm far from a beginner, but it was a bad move in retrospect. 5 years later, I'm finally close to completion :/ 200K+ out of pocket this year alone... :(
What is your end of life plan for your portfolio?
At some point we all likely die. Do you have a plan on how you will handle your portfolio in your final years? Sell it off and enjoy the dollars? Pass it on to kids and grandkids? Trust? Donate it to charity? Lock it up in a legal web of paperwork so that no one can have it if you can't live forever? (While most of us are scaling up, I find it helpful to think far into the future to help inform my decisions today)
2 likes • 2d
For now, I'm working on a trust as part of my updated estate planning. There's a lot of flexibility in how you can structure the trust to reflect your wishes. For example, the kids won't get access to the trust funds until they reach a certain age, except for specific uses approved by the trustee (such as buying a house or starting a business). I fully expect at least some of my heirs to sell properties after I'm gone and I'm OK with that.
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Beth Traverso
2
2 points to level up
@beth-traverso-3633
Weekly guest on the ORaaT YouTube channel. 30-year investor. Real estate agent and team leader of the Beth Traverso Group in the Greater Seattle area.

Active 15h ago
Joined Aug 14, 2026
Fall City, WA
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