All Forum Posts by: Account Closed

Tahnya Pierce great post ! People think it's all about money and that's not the point . Although money is the key driver it's the other things that you do with your life that should creat your why. Mine is something along the lines of : creating large amounts of passive income (the money part!) while creating value for my tenants and improving the standards for housing in my cities . The derivative of creating this passive income is creating an ideal life for my family traveling with my wife and giving back to the community/ helping people in need . Saying money is everything and the only reason is a bit near sighted IMO. It is also true .... that's what makes it so interesting !

Linda D. I feel the same way . I love redesigning the units and I love the feeling of growing my passive income every time I close a new building or fix an old unit and rent for more cash ! I just love real estate lol !

Linda D. I get that it's about money but as my business has become larger and I don't outspend my current cashflow (and I am not cheap!?). I started to realize I need more of a why than just money. What are you doing with the free time and money that's the real why.

Lots of good answers . Money is the vehicle but the why's are more deep. Financial freedom seems to be the theme but as I am finding out sometimes you need to know what you plan on doing with that freedom .

Thomas S. it's more about why do you want the money but I understand your point of view . The more money you acquire the more you realize money isn't the real why.

Originally posted by @Federico L.:

The house had an old fridge in great working condition. The small kitchen had white Frigidaire appliances, and I had cabinets painted and cosmetic upgrades but did not replaced the appliances at the time. The fridge is a very plain 18 cubic feet one, no ice, no water dispenser. We reversed the door, since was opening at the wall instead of at the kitchen area. Now, the door seam is not properly closing, creating a bad seal, likely because it had 'set' with the prior configuration.

Sounds to me that the most reasonably thing will be to replace a fridge with a newer one, with ice/water dispenser at least.

Should I repair the seam or having the door reinstalled?

Should I change to Stainless Steel (in anticipation of future dishwasher/range issues)?

Sounds to me that the repair cost would not justify deferring a new fridge, but I will find actual $ tomorrow...

Just replace it with a similar fridge .  Don't go to crazy with the add ons that break down .  If you want black go black and plan the other appliances In the near future , however I would just stick white personally .  Black looks much better but  only makes sense to me when I purchase them all at the same time . 

I have a question for all of you BPers

I am an active buy and hold investor and some months I ask myself why am I doing this again?

I believe I do this because I do not have a clearly defined WHY to look to during those not so smooth times.  That being said I am working to create a perfect WHY for me.  I figured while I work on it I could hear from you all on your WHY.

WHY do you or do you want to invest in real estate?

I see a ton of post about not having enough money to start investing so they need creative financing tips.  So many beginners do not act because they are spending time figuring out how to finance with little to no money down.  This is a shame and as you will read on this site many seasoned investors give the proper advice but it seems no one listens!  I am sure you have heard experts say things like: - Tell everyone what you are doing and what types of properties you are looking for, Do not be embarrassed or shy about REI. - Take action and look at properties and get out there, do not plan your life away and hide behind "the planning stage" The general idea here is that you need to get out and let the world know what you are doing and the world will respond and THEN and only THEN you will have opportunities arise that can be closed on in creative methods.  For someone starting off I think the three easiest and most obtainable ways to creatively finance are - low down payment owner financing - finding a partner that will be active in the business with you - find a 1st series of investors (friends family) who will be silent partners Just keep it simple and take action !

Reginald Lawal good luck !

Rob Gillespie that's awesome ! I just want people to understand if they open up and tell people what they are doing good things can happen!