All Forum Posts by: Douglas Curtiss

So if they haven't distributed yet, it's a 36.7% paper gain, right? I mean you can't realize that gain until you sell your shares and if it's not a publicly traded REIT, I imagine there is not much of a market for reselling them.

I know that BP teaches that you should put a % of revenue aside for expenses (cap ex, vacancy, repairs, taxes, etc) and to maintain a certain number of months in reserves, but what do you do when you first start out? Do you wait until you have reserves saved in addition to down payment and closing costs?

Thanks everyone. You’re right. Keep my nose down, shut up and just grind away. This one blindsided me though. I just put on my Instagram description “pediatrician looking to transition out of medicine into real estate investing”. Then my sister’s mother-in-law of all people saw it and told my sister who says “you’re quitting pediatrics???”

Any ideas in dealing with relatives who mock your plans to invest in real estate?

Does anyone know of an online service that can act as a "middleman"? Specifically I am buying tax liens from other investors (that I then bring through foreclosure and flip). When another investor and I agree to the transaction, it would be nice if there was a service who I could send the money to for them to hold "in escrow" until the other investor delivers the executed assignment paperwork. I've tried Escrow.com and Shieldpay and neither will do it. Any thoughts?

I know the general view in the BP community is "why pay for some guru course, when all the info is here for free." Yet I've run across a number of programs / mentor ships that sound intriguing. Problem all of them want to get on a call with you, spend an hour of your time only to convince you to shell over $997 or higher. I'd love a place where there was a list of programs people have taken, how much they cost, a general description, and then the ROI achieved. Not "this program was great:" but " I paid 2k and have made 50k in the first year"

Is this a pipe dream?

I just formed a Delaware LLC to invest in AZ (I flip tax lien foreclosed properties). I recently saw an answer to an LLC question on the BP Facebook group talking about the need for a license. Anyone have any idea where I could find out the requirements? Would I go to the Delaware Secretary of State or the Arizona one?

@Rene Owczarski I got lucky. I got a cash offer for just a bit less and took it. 

All the above are great ideas but I might start with the strategies outlined in @Scott Trench’s book Set For Life where he lays out the concept of financial runway. 

@Drew Poniewaz thanks for the idea. I’ll look into it.