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All Forum Posts by: Carole M.

Carole M. has started 3 posts and replied 55 times.

Post: EIULs-- Equity Indexed Universal Life Insurance

Carole M.Posted
  • Multi-family Investor
  • Morton Grove, IL
  • Posts 59
  • Votes 8

I sold UL Policies some years ago. As a requirement the insurance agent who sells you these must present you with a prospectus of all the funds.

I suggest you take a look at this prior to investing as you will be putting some of your money into "funds".

Post: Survey: Should we Require Avatars to Participate on BP?

Carole M.Posted
  • Multi-family Investor
  • Morton Grove, IL
  • Posts 59
  • Votes 8

I agree with Josh.

Post: Survey: Should we Require Avatars to Participate on BP?

Carole M.Posted
  • Multi-family Investor
  • Morton Grove, IL
  • Posts 59
  • Votes 8

My answer would be NO. I see this site as a way for investors, whether experienced or novices to learn.

Take myself for example, I could label myself as RE Investor, Prop. Manager, Former Landlord etc; but I put Homeowner right now because that is my current status. I want to "flip", but before I "flip" I like to have some real good solid points, so I have better success when I find the property I wish to buy.

I've been watching the posts in the past week since I joined BP and I decided to pay the small fee for PRO. Why! Because it allows me and others a wider expanse.

It is not how many times you prepare or respond to a post, it is what you say that matters and to make requirements like you suggested would cut the number of posts on the site.

Post: Do You Know ALL the Expenses Associated with a House Flip?

Carole M.Posted
  • Multi-family Investor
  • Morton Grove, IL
  • Posts 59
  • Votes 8

Excellent article. I have co-owned property and had an LLC and realize the value of the LLC for protection. Your article opened my eyes as to additional costs over and above what a newbie would consider and I thank you. I am now looking at buying and rehabbing REO's and find your site tremendously informative and helpful.

Thanks again for this site.

Post: To Form an LLC or Not To Form an LLC, that is the question...

Carole M.Posted
  • Multi-family Investor
  • Morton Grove, IL
  • Posts 59
  • Votes 8

I have experience managing properties and rehabbing my personal properties.
I had an LLC and personally I would't own any property without it as it provides protection,from creditors, tenants,contractors and others. I suggest you call a RE Attorney in your area and ask some questions...you'll be glad you did. Attorneys will give you a free consultation.