All Forum Posts by: J. A. Marin

Lucas Machado Thank you for the advice but can you expand on that concept further? What do you mean by "sourcing" my own deals? Is that driving-for-cash? Sending direct marketing to abandoned homes? Wholesaling? Thank you

Mark Nolan Thank you for the warm welcome.

Joseph Zannelli Those are true words of wisdom. From all of the books I've read thus far, that is one of the key concepts. Thank you for reiterating that. Any more "quick-tips" you would could share?

Stephen Anderson Thank you for the reply and great suggestion. I have read a little about wholesaling but have yet to run into a simplified explanation as the one you shared. Thank you. This may be a great opportunity to build sufficient cash to purchase buy-and-hold properties.

Joseph Zannelli You are right, his books are truly motivational and pretty straight forward. He makes it seem so easy and that's one of the reasons why I am getting into real estate investing, I want to find out if it really is as easy as Kiysaki says it is. How did you get started? Would you be willing to share your experience with your first deal?

@Dmitriy Fomichenko Thank you for the warm welcome. I will take you advice so I can take full advantage of the BP community.

Hello BP, I'm a newly graduated pharmacist practicing my profession in Broward county. Life was great. I had 2 car loans, student loans that are eating me alive and trying not to live pay check-pay check. Ignorance was truly bliss. Everything was great until I read "Poor Dad Rich Dad". This book fundamentally changed my outlook in life and my situation. After reading most of Robert Kiyosaki's books, I started to read the books published by BP. This lead me to the BP podcast and eventually to here. I now know that in order to get out of the "rat race" and be financially independent I need to acquire another set of skills and become a sophisticated investor. That being said, my short term goals are to acquire a fourplex before January 2017 in Broward County through an FHA loan that yields at least a 10% ROI. My long term goal is to acquire sufficient passive income to be able to quite my job and work on building a portfolio. Although I know what I want, I've read the books, listened to the podcast and have read some of the blogs posted here I'm frozen in my tracks. I have no idea what todo from here. I've been looking at Zillow and Trulia for homes but cannot seem to find any that fit my parameter. Any help or guidance would be truly appreciated. Thank you J. A. Marin

This episode was full of amazing information and insight but I have a few questions. David spoke about cycles and how buying selling high and how he has liquidated his assets several times but what about capital gains tax? Is this not a big concern? Also, if you buy low and have the property rented with cashflow and a good ROI why worry about selling?