All Forum Posts by: Kees Boer

Hi, without going political, what does this article mean regarding our real estate investing?

https://www.cnbc.com/2018/07/20/trump-poised-to-take-control-of-the-federal-reserve.html?__source=sharebar|facebook&par=sharebar&fbclid=IwAR3qL2ztZjEwci_bUWlD7P1gTCTfBmF-SwUO00kZxpVNMB19hDleMUYeElY

Thank you so much!!! 

Hi, I was wondering. Is there a book that will teach me how to calculate the costs of repairing a house. For instance if I wanted to do a flip. How would I know how much the repairs to a house would cost, so that I could give a good offer? 

 What I was referring to is that many contracts to buy, at least the ones that I have signed have a clause in them that says that the purchase is dependent or contingent upon the results of the inspection and that the buyer can back out of the deal for whatever reason he/she feels fit, until closing. Afterwards of course they probably can't return it. That would be Walmart... where one can do that. :-)

Hi, you all. 

About 2 1/2 years ago, I got a inheritance from my dad's passing. Though I would rather have him than the inheritance. But he's fine though. 

So, I invested in 3 condos. In the mean time, I became a director of one of the condos. 

I am a missionary in Bolivia. I hire local missionaries, and my purpose for buying real estate is to have positive cash flow, so that when I die, (which has happened with everyone in my family before me)  So, it's bound to happen to me too. But the goal is so that when I die that this real estate will continue my ministry. So, all the cash flow that I make is reinvested into other real estate. 

Now, just recently, I've been hearing a lot of negative comments on investing in condos. The good thing is that thus far, the condos have gone up in value about $25,000 in the last 2 years. The last one I bought real cheap and fixed it up and I understand that it went up in value about $10,000. I put about $2,500 into it. 

Would it be good for me to sell the condos and invest into a quad or family houses? I have about $160,000 value in the condos, maybe more. I have a Real Estate agent, who manages the condos for me. 

If nothing bad happens with them through the HOA, I'm pretty happy with them, but at the same time, I don't want to be in a situation that all of a sudden there is a huge problem with them. It's important for me that it is passive income.

P.S. I just returned to Bolivia and wanted to relog in, but I forgot my login credentials and I had to create a new account. (But I'm the same Kees as before)  :-) 

Hi, It says that I win prices or points for activities. What do these points do?

Also I had to declare myself to be awesome. Which generally I don't do. Others if they feel that way can do that. 

Wow, what a wicked and perverse person is that.... I think that they are just trying to scare you into either buying it or giving them free money. But I think that if you don't go that path, they will flee, because the wicked flee when no one is pursuing. 

Also two things: In my state, there is a Business of Professional Regulations. No one wants complaints by them. You might contact them if that exist in Illinois. 

Also, don't most contracts to buy have a contiguity clause on them? That might help. 

But it is a good idea to get legal advice. 

In the mean time, don't *worry." 90% of what people worry about never happens. (That doesn't mean worrying works!) I'm so sorry for your hard time. Crazy.