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All Forum Posts by: Kumar Tummalapalli

Kumar Tummalapalli has started 17 posts and replied 170 times.

Post: County website Scraping

Kumar TummalapalliPosted
  • Real Estate Investor
  • Chicago, IL
  • Posts 172
  • Votes 46

Hi There ,

I am about to get a website scraping tool built - but I am not too sure of all the things to consider here - I have given the basic requirement to the developer

for ex: the program built should be able to work with different sites - for ex one can be built on .net , the other on html - the software should be good enough to handle these variations.

If anybody has any pointers , that would help - you can PM me as well .

Alternatively , if anyone knows of a good out of the box software that I can purchase or subscribe to - I can do that as well

Thanks,

David

Post: Requesting Tax delinq records from county - Commercial use or no?

Kumar TummalapalliPosted
  • Real Estate Investor
  • Chicago, IL
  • Posts 172
  • Votes 46

When I  send a FOIA request for tax delinquent records from county , it asks if this is for commerical use or personal use - I intend to mail to these people , should I say "commercial use"

i remember hearing in a podcast that this is not commercial use for some reason - but cant recall

Post: Tax delinquent property owners?

Kumar TummalapalliPosted
  • Real Estate Investor
  • Chicago, IL
  • Posts 172
  • Votes 46

The FOIA form - asks if its for commercial use - If you are intending to mail to these people - will it be  "commercial use"

Post: List of best podcast episodes

Kumar TummalapalliPosted
  • Real Estate Investor
  • Chicago, IL
  • Posts 172
  • Votes 46

Did anybody know of a website or blog which collected a list of best podcast episodes . I listen to a variety of podcasts but some are truly outstanding with real strategies and no fluff .

Alternatively if you prepared a list and if you can share - it would benefit myself and lot of BP members :-)

Post: Best Practical - real /actionable information whre did you find ?

Kumar TummalapalliPosted
  • Real Estate Investor
  • Chicago, IL
  • Posts 172
  • Votes 46

this is what I was talking about- example of great actionable information : if you haven't watched , go through that

https://www.youtube.com/watch?v=-riCIlwAuuc&t=1750...

Post: Best Practical - real /actionable information whre did you find ?

Kumar TummalapalliPosted
  • Real Estate Investor
  • Chicago, IL
  • Posts 172
  • Votes 46

@Lane Kawaoka nicely put - I am also a mechanical engineer with a masters in management , but by the nature of my job i have 1 as well :-)

I have looked at passive investing , but for that return i have other options and am not comfortable entering in to real estate 

I am ok to loose some money , if i can learn - everything i did the first time - it was a flop - except love ( was lucky to find my sweet wife ) and my career ( chose the right one the first time )

Post: Best Practical - real /actionable information whre did you find ?

Kumar TummalapalliPosted
  • Real Estate Investor
  • Chicago, IL
  • Posts 172
  • Votes 46

Thanks @Jerry W. Yes I am going through all the videos of BP on youtube , podcasts and bought some best sellers on real estate - I read a ton and with the advent of youtube and podcats , now i listen a ton - making my commute to work , less boring .

I also occasionally throw money away ( impulse buying a "how i earned 200k in 10 days from real estate " course) as well :-)

Post: Best Practical - real /actionable information whre did you find ?

Kumar TummalapalliPosted
  • Real Estate Investor
  • Chicago, IL
  • Posts 172
  • Votes 46

@Jody Schnurrenberger Thank you , BP has good information , I see webinars , some are good but some are very broad and some are basically asking to purchase a book or go pro . So you basically have to sift through lot of normal information to find one good practical advice/suggestion .

I really don't care if some one charges 200 bucks for a 1 hr video , but it should have high quality actionable content . Ofcourse this seems to be a bad business decision if you are trying to sell videos , because you make more money by selling for 20$ to 2000 people rather than for 200$ to 10 people .

For that matter even without going pro - even teh forums has lot of good information but you have to read 20 posts - each 10 pages to get that one good take away point .

Post: Best Practical - real /actionable information whre did you find ?

Kumar TummalapalliPosted
  • Real Estate Investor
  • Chicago, IL
  • Posts 172
  • Votes 46

Thanks Steve - So the take away is learning the basics and practicing a lot helped you . I see you read a lot , were there any specific resources that helped you more than others . 

Post: Best Practical - real /actionable information whre did you find ?

Kumar TummalapalliPosted
  • Real Estate Investor
  • Chicago, IL
  • Posts 172
  • Votes 46

Hello All 

Summary of my qn , if you don't have much time :

what was the best source of information you found when you were starting in real estate investing ? It could be a book , a course , a mentor ( doesn't matter whether they charge $100/hr or $200/hr ).

=======================================

Details :

why do I ask this qn :

90% of what I see in you tube / podcasts and even some paid courses , they are full of B.S . YOu buy a course worth 100$ and then the guru is just trying to sell you his $2000 course , his book - without providing any valuable/real actionable information . It basically has general BS such as you can quit your 9 to 5 Job , you will become zillioniare by next month , you need to analyze deals carefully and so on . You don't need to pay a guru to tell you that you have to analyse the deals carefully . There is nothing in the course which says "how" to analyse the deals carefully , what practices do you follow to make sure that the ARV is calculated rightly . The answer doesn't have to be the worlds most innovative strategy , but it can be a simple thing which works well . example below

For ex : I tried to buy and sell cars ( not to become rich or make money but just to step outside of my comfort zone ) . I always worried if I would pay too much money and then i might not be able to sell the car for a profit . I did one simple thing to valuate - went kelly blue book and with the condition as poor - i found the value , I always paid less than that and every time i sold the car for a quick profit $1000 - $2000 profit . So even though this is a very simple strategy , it worked and I only knew that from experience .

Another webinar I saw - says "10 awesome secrets for real estate investing " and then you know what the ten are - first one is wholesaling , second one is flipping houses...ha ha , I think you got the idea what the remaining are. 

In this day and world too much information is teh problem . Information which is useless , information which is biased and one sided , information to make people excited and buy courses . 

I have faced similar problems in other areas , for ex , I wanted to find a nutritionist/doctor who can help with tweaking my food and suggest supplements to resolve my insomnia and some mild depression i was experiencing around 7 yrs ago . I spoke with 10 nutrionists , about 4 psychiatrist , read around 15 books ( not fully ) - finally found one book , one nutritionist and one course which are great . 

So the summary is - I know that there is good information , good mentors , good courses out there - But unfortunately they are buried under " become a zillionaire by rei " courses, they are not advertising on youtube/facebook .

Important : I now know that there will be some proxies of gurus who will post that a specific guru is the worlds greatest . I request if you are just promoting a guru , please don't do that , I can easily spot by listening to one webinar or consulting with them for half an hour - that they only make flashy videos and are useless

If for some reason , you don't want to post here publicly , PM Me , but posting here would help others as well :-)

Thanks for your patience