All Forum Posts by: Jaime Nichols

Gurus are always entertaining while waving a carrot in front of our faces. It sucks because we all know why we went to one of those stupid hotel auditoriums but never think about what's rational.

1) These cheesy people tell us the same spiel as the info commercials that were on 25 years ago. And then it may have been Tony Robbins or like kind of holistic energy projections. Now I wonder how does one sleep knowing they are expecting thousands of dollars from someone that cant afford toilet paper so they can peddle a borderline plagiarized ideas at no risk from themselves.

2) The one thing one of these interesting characters may do for one is open the window to reality. Money can make a person money rather vice versa. In the current times it is very important to keep a growing aptitude for ones own monetary well being. The working man shouldn't be slighted out of money for a down payment for a home from promises of a rich guy that tells you everything a book will, or BP.

Whats really great is the opportunity of risk in this country. Taking real calculated risks are big business and create plush wallets. There is certainly no secret that investments go bad all the time. But as one may learn from a "seminar", or even better a book, is if one puts in the work to create rules of discipline and execution, risk is a number that is offset by a much bigger number.... Results.

Recently I did well on a endeavor which created a small amount of cash. What's great is I think I can do repeatedly, and in hopes much better every time I do it.

So in conclusion, I want to say I am sorry I laughed at the rich guy trying to tell me I just have to give him my money so I could be rich (Why wouldn't I). I read a couple books, got on BP, and spoke with a few dozen people instead. But thank you so much for pumping me up. It opened my eyes being, If you could do it I must be overthinking/worrying about it. The reality is I just have to do the math and shuffle my feet.

Ok thanks, that was very helpful. I personally gave up my license because I felt I learned what I could from that medium as investing went. It was nice to meet different people of the each specialty. Higher volume of people and you can get some more detailed info about each person and utilize the best person for your needs.

Thanks folks, that was easy!

Sorry about the subject line if it offended anybody. Really, what I'm trying to say is I've been on hiatus from Real estate for 8 years, discovering the means to the only self sustaining kidney in the world (I like to brag too), and have ideas and thoughts but not sure what route to go?

Being a RE agent specialized in loss mit negotiations, I learned alot of good and bad concepts and expectations. However, being positioned in a much less financially desirable position than I was 9 years ago( because of kidney and other endeavors), I am wondering if a real estate licence would be the best way to get better "peeks" at opportunities.

I could make some money with the licence itself with my circle of influences but I am much more interested in hussling for myself.

Any thoughts on the subject?
More or less liability?
Worth the effort and costs?
Think it will restrict my opportunities or open doors?
How is it to get licenced in multi states?
Everything considered! Thanks for your time and suggestions...

Thank you for your help!

Q) If a person lived in residence for 10 years, paid the property completely off, and wants to move to another state,

Does the basis include the interest and repairs on the home?
Also if the home is 4x what was initially paid, Is the deferred allowance for the cap gains or the the sale price?
If it was a res, can they buy a investment and res?

Thank you much super genius BP people!

1

Thank you everyone for the insight, greatly appreciated as always. I am clearly in the company of great individuals!

At this time I like the idea of an apartment with nearly total passive income. Looked for properties in common mediums, but I am interested in a better cap rate than what I have found. The bottom line is, I want less involvement/risk and the best return for that situation. Everything else will be weighed out best on what suits my needs.

Therefore, I need
1- To find better contacts to apartments (where I get very good deals)
2- Research, research, research
3- Ask the BP members/geniuses the necessary questions!

Thank you for everything and please let me know if there is anything I can contribute!

Hi, I have 500K and need to find a low risk, low attention situation, with the most passive income? Can anyone give me some advise? I was thinking of a established multiunit opportunity with equity, and provides at least 1.25% of the purchase price.....

Thank you for your help in advance. I understand your time is very valuable and greatly appreciate your input/help in this circumstance.

Thanks Brandon, i appreciate the mention.

I want to find a investor I could shadow so bad my teeth ache. Its a bit of a challenge to find the "right" one. There are a few investnent communities, such as renatus and real estate brokerages, but would like find someone that wont cost me fortune. Put up a few post seeking a investor i can help, but those individuals are a little self keep in my environment.

Again, thanks a million for the BP site.

1st off BP creators and contributors, thank you for being the voice of reason and cutting out the nonsense. In a industry that is saturated with slips, trips, and misguiding jerks, its nice the get clear, to the point information and education. Indispensable resource!

I had 2 years in Real Estate experience 7 years ago. specializing in SS loss mitigation negotiations. I watched millions of dollars pass right through my work in those 2 years. SuuuucKS!!!!! I got into real estate because I understand the basic ideas of cashflow and flipping. Easy right! kinda. More like the game of Othello, "a minute to learn, and a lifetime to master.

Anyhow, due to circumstances, (Please read my book in2-3 years, or watch for me in NY TImes, I have the one and only self sustaining kidney transplant in the world. No drugs, and 0 rejection. Plus other successful projects) I have had to parade in different venues outside of RE investing, therefore, no grand capital. Now that I am free to pursue monetary empowerment, I wanted to ask for insight as to options to create a portfolio with limited funds and poor credit. My current plan of practice is the obvious. Work as much as I need to, reestablish my credit, build and sculpt a business plan and follow through.

Are there other possibilities to put into place? I would love to hear any alternative to the quickest, and safest path to this goal?

PS. What does one like me extend for this very valuable information? What can I do for you?

Sincerely.

Jaime