All Forum Posts by: Benson Chi

"Bob is not my father." - Star Wars VIII

This post has become almost like a experiment how investors would react to this kind of situation. I find it interesting how some responses are very quick to judge with heavy individualist notions such as not my business, it's Bob's money so he can what he wants, or go live little. What if I believe that communal values trumps individualist values? Am I wrong to believe that another person's action is also the responsibility of the community? There's no right or wrong answer; It's different point of view. In America, it's very common and natural to hold individualistic ideas and I'm not surprised by most responses. People are shaped by their experiences and that influences their lives. Did you know Warren Buffet's will to donate the majority of wealth to charity, in some countries, it is ILLEGAL to do that? The point is we all have different perspectives and it's not always which is "better" or "I'm right, you're wrong mentality". America is a melting pot of cultures and views which makes America so great.

BP investors are a tad sensitive; I could have picked Ohio and pretty much all the people from Ohio would have been offended. Next time I make another post, I will put Mars so nobody can get offended.

All replies,

I really appreciate the responses; I can see a spectrum of advice ranging from minding-my own-Fing-business to Bob wants happiness to Lane's response hilarious comment that I'm screwed if it's my wife. I'm not sure what to say or not to say anymore. Business as usual I guess.

A brutal reply, but to be fair, I didn't disclose everything. Bob's business will eventually be my business directly and indirectly, so I'm coming from a concerned perspective. I've been to Hawaii for two weeks, so I have two weeks worth of expertise.

BP,

A person I will name, Bob, once lived in Hawaii and wants to purchase a Hawaiian property for the sole purpose of having a vacation home for his family and extended family. In most situations, this is a thoughtful idea, but in the long run, is a huge burden for everyone involved. Unwavering from this idea and ignoring the good advice from his family, Bob has comps from Hawaii at his office. To complicate the matter more, Bob is no stranger to real estate investing, having over 30 successful years in the business. Due to the progression of Bob's inquiries, this has become serious enough topic to warrant a BP post.

List of attempted reasons not to invest:

• Bob already has extended family in Hawaii!
• No cash flow
• It's so important to repeat again: zero to no chance of generating cash flow
• Expenses in the form of maintenance, insurance, property taxes, etc...
• Bob, you're nuts

Any other advice would help. The last resort is to ping a BP real estate agent from Hawaii to pull comps for me :(

I'm still alive. I plan to join Greg and Co.

Thanks Anthony and Jerry for the heads up!

Peter Giardini is one organized manager for landlording. Also kuddos to his wife who is the brains of the operations.