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All Forum Posts by: Jim K.

Jim K. has started 76 posts and replied 5303 times.

Post: Long Distance Assistance

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @Taylor Barlow:

I want to leave my 9-5 ASAP.

Does anyone has anyone they can recommend as an agent to help guide me (answer millions of questions) through all the steps?

I just want to mention that real estate investing and this life goal are typically not compatible, although many people these days initially come to REI with the express goal of quitting their 9-5 job immediately. I'm a good example. It ended up taking me 13 years to fully quit my job and replace it with work related to our real estate business.

I'm not saying it isn't possible at all, I'm just saying that people starting in real estate investing usually find that a quick transition  from full-time employee to full-time real estate investor really isn't practical for them. Real estate usually ends up being a lifestyle and ends up as a slow but sure progression to self-employment or a very slow progression to full retirement.

The second statement you make is a clear appeal for a coach or mentor, in your case, you envision such a person would be a real estate agent with a lot of answers. This also usually isn't practical. People who end up paying for basic coaching to save time more often than not regret it. To my mind, at least, it's far better to spend some time now, read through a few books (or a few dozen), work through some of the resources here and form your own picture of the sort of investing that you might want to do in the future.

In any case, good luck to you going forward.

Post: For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @Michael P.:

As a newbie myself, I am grateful for people like you. I currently own a food truck/restaurant and real estate is my next career move. I only say this because when I let people try my food it does me a disservice if people "fake" enjoy it. I prefer brutal honesty. For example, maybe I let 10 people try a new menu item. If all of them taste it and its too salty, but they don't want to hurt my feelings so they jus tell me "it's good!" then that actually hurts me instead of helps me. Next thing you know my customer base writes bad reviews, stops coming, etc. You get the idea. 

Give me the brutal truth, always. Not all of us have paper thin skin. When someone gives me a negative review on something I've made, I thank them for the honest feedback and take it into consideration. 


Next Step: Adjust accordingly. Sometimes people don't know what they're talking about. But once something is said it must be considered and thought about objectively. 


Looking forward to joining this community of meanies and bullies....hahaha

Exactly! It's just an opinion, one opinion, about the food! We have not employed the Divine Alembic to separate your soul from your body and deliver the Culinary Judgment of Ages upon you!  

Post: For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @Peter W.:

We can forget what it can be like to no nothing. When I bought my first house (primary) I needed a lot of hand holding. Backed out of one contract mainly due to cold feet. When I bought my first investment property it was much easier on my real estate agent (and me) primarily because I had rebuilt the kitchen and bath in my primary by myself. I had repainted the floors felt with hot water heaters and broken hvac systems. 

Writing the first lease was difficult because I didn’t know how to protect myself. Fortunately there are lots of good resources.

This business isn’t particular complicated, but when you don’t know it, it’s hard to know where to start. It’s especially unhelpful because there are many people trying to fleece inexperienced investors.

Very true. It would be nice if there weren't so many sharks circling and it wasn't so easy to feel like you were chum in the water!

Post: For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @James Hamling:
Quote from @Jim K.:
Quote from @James Hamling:

GRIT....

I believe it all, everything, boils down to WHO has more Grit, you or life. And there is no alternative options. 

Either you have MORE grit, and are the one wearing down life to shape into you're design....

Or life is grinding down you. 

That's it, that's all. Anyone can "fight" this as much as they can "fight" the sun rising or setting. Some things just ARE. 

And Grit is just busted up "hard stuff" that stuck, becomes part of you, a new layer, that you can do nothing with, or put to work for ya. 

If this nation continues AWAY from an appreciation and pursuit to and through what is difficult, hard, painful....    I fear the suffering to come from refusing the journey of "pain". 

I don't know about all that.

I honestly believe I was born to be a failure in life, and that's what I am in many ways. But I am OK with being a failure, even knowing it in my soul. I'm just not OK with the specific act of giving up. There is something in me that will not stop, that isn't even capable of stopping. I don't think that thing is grit. I've been beat down hard too many times to call it that. And I've just regrouped and come back enough to know that regrouping and coming back are a lot more possible than what they seem to be in our worst moments, and that experience, sure, that's a personal resource.

Perhaps it's just a sickness.

 Well, yeah.

Post: For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @James Hamling:

GRIT....

I believe it all, everything, boils down to WHO has more Grit, you or life. And there is no alternative options. 

Either you have MORE grit, and are the one wearing down life to shape into you're design....

Or life is grinding down you. 

That's it, that's all. Anyone can "fight" this as much as they can "fight" the sun rising or setting. Some things just ARE. 

And Grit is just busted up "hard stuff" that stuck, becomes part of you, a new layer, that you can do nothing with, or put to work for ya. 

If this nation continues AWAY from an appreciation and pursuit to and through what is difficult, hard, painful....    I fear the suffering to come from refusing the journey of "pain". 

I don't know about all that.

I honestly believe I was born to be a failure in life, and that's what I am in many ways. But I am OK with being a failure, even knowing it in my soul. I'm just not OK with the specific act of giving up. There is something in me that will not stop, that isn't even capable of stopping. I don't think that thing is grit. I've been beat down hard too many times to call it that. And I've just regrouped and come back enough to know that regrouping and coming back are a lot more possible than what they seem to be in our worst moments, and that experience, sure, that's a personal resource.

Perhaps it's just a sickness.

Post: For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747

Back in the 1990s, that statistic I read was that 80% of graduating high school seniors expected to become millionaires in their lifetimes.


@Nicholas L.

VERY MUCH SO. Somehow, the general population got the impression that master plumbers are poor in America. I don't think it's all about work ethic, as Mike Rowe likes to say. As long as they're getting paid and feel they're doing worthwhile work, there are plenty of Millennials and Gen X who will sleep at their desks. But they do seem to expect DESKS to do much of their work. The nineteenth century idea that the wealthy only work with their minds while the poor must work with their hands seems to be reasserting itself in our society.

Post: For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @Mark Cruse:

The place has just changed so much that itś hard for me to relate. Yes, Ive seen the over sensitive investors who dont receive a touchy feely response or something they dont wish to hear, so they throw a cyber meltdown while leaving. I´ve seen the newbies who ask every basic thing they can easily google but want it all spelled out for them. So many dont want to contribute anything but are requesting someone take hours of of their busy day the hold their hand where many will never even attempt  to do a deal.  Ive had person after person contact me in DMs that had lack of everything needed for this business and were not serious in any way. That, in addition to experienced investor advising others to treat certain tenants like animals has just made me not so motivated to participate like I used to. I miss how hungry and serious we were back in my day. I miss the climate of not thinking its a get rich or easy azz MLM gig. In others words, Im the old man that misses the good ole days. LOL 


That's the concept I was reaching for, Mark...absolutely. The new people who post are not hungry any more. I mean, really hungry. "Should I buy now, interest rates are so high...I don't want to househack in a dirty duplex with a stranger, oh whatever shall I do, wherever shall I go?

Post: For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @Steve Vaughan:

We're all peaches and cream compared to Bob Bowling the cap rate dictator, Thomas S the tenant and property management Nazi and Uncle @Bill Gulley educate the right way or no way.

Old school and in your face but competent. 

Thomas S. ate nails and newby landlords for a light snack. I remember that well.

Post: After 45 + Years in Real Estate - What Works and What Doesn’t

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @Marcus Auerbach:
Quote from @Jim K.:

@Marcus Auerbach

The thing I always think about when I look at the homes along the golf courses is how much I really don't want to know what goes on in them.

I love strolling around barefoot in my backyard early morning with a cup of coffee before the sun burns off the dew. Fortunately, nobody can see me, because I may not be dressed very well..

I think people who want to live on a golf course love being on display, at least they like the idea of it when they buy it, because you actually rarely ever see anyone. Maybe they only come out at night LOL

ABSOLUTELY! They work all the time, after all! They never have time to hang out in a lawn chair and watch the grass grow.

if you sell for a living, it's always going to make sense to look like you have money and the trappings of success. There's real logic in living on a local golf course if an integral part of what you do in the community is sell yourself as a successful person.

But I think that for most of the people on that golf course, there are deeper, less healthy reasons to do as they do. God knows I struggle with them myself. Doesn't matter how much money my cheap duplex has saved me and allowed me to invest elsewhere. There are plenty of days when I wish I lived in a McMansion and had a hot car that would go vroom-vroom and everyone would take note of my mastery of the art of life.

Post: For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @JD Martin:


Dealing with a lot of people today seems to be getting more difficult than I remember. Everyone walking around is made out of glass. If you say anything to them about anything they shatter. 

The part that is discouraging to me (at least as pertains to BP) is that we've had some big hitters drop off our boards the last few years and I wonder how much of it is just exasperation with some of these people. I get it that people's interests change over time, but I also know for a fact that some people just say the hell with it, I don't have to listen to someone's whining that I'm a big bully because I gave it to them straight, I can do other things with my time. 

It's late enough in the thread so I can trot this out.

One of the best books I've read in the last ten years is On Killing. The author documents how startlingly difficult it was in WWI and WWII to get conscripts to willingly shoot straight at the enemy, the process it took to dehumanize the bad guy enough to get a new soldier to reliably take a straight shot down a rifle barrel at him. But the military found ways to do it, implemented new training techniques, and whole generations of new soldiers have responded to them. This has worked to change our culture.

In another book from a completely different perspective, Alvin Toffler in Future Shock said in 1970 that he expected that people would generally become more and more high-touch, more disconnected in their social relationships, less willing to listen carefully. He was not wrong, either.

I think the entire process of dehumanizing and demonizing others has become a lot quicker than it used to be with most Americans as we've become more and more high-touch over the years.

This terrifies me sometimes. If you've seen Jesse Piemons take over the whole film in his five minutes in Civil War, I think you know where I'm coming from.

But to get away from that kind of existential dread, I also think that a lot of the newbies that come to these particular forums wonder WHY there are a bunch of people with actual money who have actually done something with it actually sitting at their keyboards typing away here and trying to help others. I think the simple existence of the BP forums are really hard to understand at face value for the general public.

There's got to be a reason, right? Does BiggerPockets pay us to socialize like this? As I've said here in the forums in the past, I was part of the Home Depot Seeds program once, and I got thousands of dollars of merchandise every month to write about it. I think a lot of newbies think it has to be something like that. Somewhere in there, there has to be a mechanism that makes the regular commentators some kind of money.

Really, how do you explain what it's like to live the different versions of this real estate life and be as focused as we are on things that are so different from what most people think about? There's got to be a catch, right? There's no way that these people are just giving this knowledge away...and then there's no way that those who have listened to good advice and profited greatly by it are just trying to return the favor.

So to end this, thank you, JD. I've picked up A LOT from you in the last few years.