BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
Today BiggerPockets Crossed the 500,000 Member Milestone!
I can't put to words how much that means to me. Thank you to everyone who has become a part of the amazing BiggerPockets family. I'm so proud of our staff, moderators and everyone else who has played a role in the success of this incredible community.
Thank you for everything!
With that said, check out the following promo video we put together in honor of this cool milestone and if you like it, please share.
Developer · Garland, TX · Member since 2008 · 8k+ posts · 4k+ votes
10y
Fantastic! It's been so much fun to watch it grow, and keep getting better. Now Steve, he might just need to get some permanent, passive income to help him chill out. Congrats Josh and BP!
Largo, FL · Member since 2016 · 94 posts · 20 votes
10y
Well done reaching $500,000 members imagine now sharing $1.00 from every member as an investment to create a syndicated operation of pro-members for everone to "tap"into as a vetted fund -- a financial reserve to do single-family, multi-family, commercial properties-- since there is strength in numbers as a cooperative AKA as a pooled investment for even more growth in doing real estate transactions for years 2016 to 2030.
This would eliminate private lenders, hard money lenders, angel investors or banks (I so dispise banks and their non-best practices) the reality is similar to an "acre of diamonds" where wealth is in your back yard (see my post in innovative strategies) to convert non-members into pro members...just saying
Largo, FL · Member since 2016 · 94 posts · 20 votes
10y
I would like to think (and grow rich) that syndication...is synonymous with synergy??? YES, the interaction or cooperation of two or more individuals, organizations, or other change agents to produce a combined effect greater than the sum of their separate effects -- synchronized energy
A new area for BP could "Pooled Investments" as a percentage share based on all member contributions and through pro membership who are entitled a share (conceived as $500,000. 00 - $1.00 from every member) and when a "deal"is found a member can receive (no credit check, no length of time, etc.) a either a 1% to 10% dispersion of "funds" to be allocated towards a real estate transaction -- the purpose of the financial assistance. This would assist many who are starting out and many who desire to expand...
Largo, FL · Member since 2016 · 94 posts · 20 votes
10y
They say that there is strength in numbers...I did a random search of BP member 25 miles from where I live in Largo, Florida and I counted 42 pro members as potential investors.
Wow the answer to life, the universe and everything is 42 that is 42 X $10,000 from each participant as a minimum investment to create a "pooled investment" or $420,000 working capital. The monies would be allocated toward commercial projects as buy and hold for long term growth (12% - 20% plus ROI). To participate one must have vision...and $10,000 (right off your taxes as a gift)...many wealthy do to lower their tax bracket. This is bold; but something to behold