Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Marci Stein

Marci Stein has started 206 posts and replied 927 times.

Post: Is it even possible to dig myself out of this situation?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

It’s quite impossible to be a loser if you have found this site and adhere to the education and guidance. 
BP is your way out of Loserville!

Post: How much of your cash flow should you live off of?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

Scott did a good job responding .    I would add you should live off as little as possible and invest as much as possible. Weather it’s 30% 40 or 50 , it’s important for you to be comfortable and to save At the same time however ,    you must be a very experienced investor if you’re making 30 K each month from your investments so I would imagine you have a successful formula .            maybe you can share with us how you have done it

Post: How much of your cash flow should you live off of?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

Scott did a good job responding .    I would add you should live off as little as possible and invest as much as possible. Weather it’s 30% 40 or 50 , it’s important for you to be comfortable and to save At the same time

Post: My offer - clever or dumb? please tell me what you think

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

Thank you everyone for all of your wonderful advice —very helpful!

Post: My offer - clever or dumb? please tell me what you think

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

Would not a title insurance policy protect me from additional liens?

Post: My offer - clever or dumb? please tell me what you think

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

They owe $30 k in back taxes. 

Post: My offer - clever or dumb? please tell me what you think

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

Totally dilapidated House ( nearly a tear down  )   on 6 acres upstate New York 

in hot area.

currently in foreclosure , couple living there , but need to sell before going to auction next week .
Asking $225 , 

multiple offer situation.

My offer : $75 k and allow them to stay there for one year at no cost.  
are there any pitfalls that I am not seeing with my offer , other than I know I’ll need to evict them in a year? 

Post: When to sell long term rental

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

There are too many factors here to give sound suggestions . 
the bottom line is , would it be more profitable to hold or to sell ?

anyway ,you have five years to think about that :)

Post: Retirement investment in Florida

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

Whatever you decide to do , do it now , not later. 
Florida real estate is increasing by the day

Post: Entering rental w/o tenant?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

You are certainly within your right to 

enter , given the requirement of the

lease . 
don’t let your tenant bully you.