All Forum Posts by: Danny Hubbard

With military retirement I only need 2000 a month to be financially free. want to pass down 5 million in assets to my kids. 

KEG realtors does my property management. I have never had a problem and invest out of state.

1. I have a problem with gentrification, but also understand that for most people money is the end game.  

2. I personally don' t price people out because the community I invest in still has almost everybody I ever known before I joined the military.

3. I would only displace active drug dealers, because my family still live around the area. 

4. I would feel bad about gentrifying a community, because you systematically eliminate people that are no longer deemed worthy to stay somewhere that they were maybe forced to live in the beginning.

5. One alternative is to care and understand the needs of the people in the community you are buying into. being a member of the community I understand the needs and the struggles of those I may rent to, its easy to view tenants as only dollar signs if you are not actually apart of the community.

So they went into D&B and briefly touched on how it could be used to build business credit. They insinuated that if you register you company with a D&B that over time you could build separate business credit that is not tied to your as the individual. It was a very brief introduction, as with most of the subjects they touched on, but I became very interested and it prompted me to do further study.

I recently attended the Rich Dad Poor Dad 3 day legacy training. I will give a fair review with an honest opinion. Before attending the training I already knew that I would not be uphold to the 40,000 dollar course(that you have access to for a year), but I was interested to see what I could learn. If you do decide to take the training beware because their job is to get you to buy the mentorship.

First, I want to address the good things about the event. In an effort to get you enough money to afford to pay for the class they introduce websites like sproutfin, sofi, and prosper. I was instantly able to attain about 100K in money in seconds. That information alone was worth the 3 day course, but I will use that knowledge for future deals. The paid program comes with an accountability partner, for those who need the extra boot in the rear. They briefly went over techniques such as lease options, dun and bradstreet, and asset protection. One of the best thing is that the  people that attended were serious and it was great for networking and I introduced some of them to bigger pockets.

Now to the cons. For the 700 dollar I paid I expected a more comprehensive and in depth look into real estate math. Of the 8 hours a day you spend expect about 3 hours to be dedicated to them marketing their program to you. If you have any experience in real estate, I do not profess to be an expert, you will notice they use some real estate terms in correctly. You will have the mentors for 31 days and they will work with you for only 3 days. 40K is a lot of money that is not used to fund a real estate deal. The program also comes with a site similar to biggerpockets but its 997 dollars up front and 97 dollars a month and that's not covered by the cost of the program.

I do recognize the benefit of a mentor, I am currently seeking one, and if you feel that this the best way to go its your life. Its not for me and honestly having this platform it seems unnecessary to spend so much for the same education.

I just learned about sproutfin during a real estate class and there was offers as high as 125,000. 

Thank you for the response. I will take your advice and post in the forums. 

I bought a rental property and planned to do the BRRR strategy. Its on a 3 year ballon loan and want to refinance. I am a little lost on the process because I attempted and my credit and income is not an issue, but the state laws were an issue. Do I have to get a bank within the same state or is there a way to refinance with in a different state?

That is amazing. I am happy to here about your success.

I purchased my first rental property at less than 20% market value and a roi of 15% on a 15 year loan. I completely switched my investment strategy and heavily studied real estate math.  I owe it all to bigger pockets and the network that I was able to establish. I found a real estate group in Yokosuka, Japan and an amazing real estate agent. Thank you biggerpockets.