All Forum Posts by: Jonathan Beemer

Hi BP,

just for knowledge sake:
wandering what your thoughts are on properties that are negotiated to just below asking price. with no repairs needed. rent ready.
so say there is a property that is worth 100K, needs no repairs and in a good market for rentals. and you negotiate to 95K. You estimate to be able to sell it at the same price when needed. 
is that ok, to add to your investment portfolio? or should you never look at those deals?
obviously, its better to use negotiating techniques and look for other deals but the owner is dead set on selling it for that price and will not sell until he gets that price.

all hypothetical and im not looking into a property with this issue. im looking for below market value.

thank you!

Hi BP! If you had one to choose what would you be to increase your ability to be the best RE investor? 1. Realtor 2. Contractor 3. Both 4. None- normal real estate investor ?? I am thinking about learning something on the side once I am out of the army to help with my investment strategies. Not looking for anything too long. Just something that I can work in until I have enough passive income to go full time. I am young, I have time, and I have the ability to do anything. Any other options??

Hi BP!
recently i tarted a small discussion, not many people commented, but the ones who did got me to question "Robert Kiyosaki". I understand that he is a genius in his field and has been more than successful... but from the comments on my last post, about "assets vs. liabilities" many stated that they did not agree with alot of his teachings and that they never actually liked what he taught.
"rich dad, poor dad" is always mentioned in business and RE... so how did i get that response?
should i be looking at information from different "big time" RE investors?
what are your thoughts on his teachings?

thank you!

Hi BP! If you have listened too or read anything involving the famous author of "rich dad, poor dad"... he consistently talks about the average American believes there house is an asset, even though it's actually a liability. Now, with a live-in/flip, would that make your house an asset?? Is there a line that it crosses when your house becomes a liability? Maybe the length of time it is held? Is it smart to continually do this consistently when I decide to move houses? Is it worth it? Give me as much info as you can on live-in/flips! Thank you!

Michael S. as of right now. This is just for curiosity sake. For future endeavors and also, recent trends in discussions with my own thoughts. I would not want anyone with lower than possibly a 620. I will be stern with the requirements. But if someone may have had a situation that has now passed and there score just so happened to be below my standard. I don't mind saying no at all.. but wandering if others have had success with good will and what safety precautions can you put in place. Brian Corbett That is great advice for safety and still being able to help someone out. I want to be in a point that I'm able to do this maybe with one unit a year to help people in need, that would usually be denied. Just for a "give back".

Hi BP! Wanting to know if you, as a landlord, have ever taken the "possible tenants" life circumstances into consideration? If they have a low credit score, but have had past rents paid? Thank you!

Hi BP! So I have seen so many people discuss the fact that as a landlord you have to pay for your units if the something breaks. You get a call in the middle of the night and you have to get it fixed. That sounds more like a hotel to me. I'm wandering if there's a way that as a landlord you are liable to fix the big things (the roof, water heater, etc.) But the tenant is liable to fix the small things. (Whole in the wall, clogged toilet, broken sink)?? Is there a way to do this? If so, why is it not mentioned as much? Thank you!

Mark Stone can you discuss the negatives also please?

Tony Georgiev I have 2 credit cards. Both only a month old. I use one for groceries and the other for gas. Keeps me at 9% on both cards pretty much. And that's all I'm using them for. I pay them off as soon as they pop up on my report. So usually 3 days after.

Ed E. at the moment I don't know. Trying to contact branch to actually be stationed at ft. Carson. But we will see where I end up.