All Forum Posts by: Matt Judd

Gurus are simply not needed. The BP community is full of “gurus” who earned their expertise through hard work. People’s willingness to share via this site is extraordinary. Why search for a guru? They are all right here. Thanks BP’ers!

Greetings BP'ers, For those of you who are long distance landlords, I’m guessing the bulk, if not all of you have a property manager. Aside from that, have any of you set up your property so the tenants are enabled to self manage the property? If so, how did you structure it? What were the pros and cons of issues you ran into? Thanks for your time!

Originally posted by @Bill F.:

@Matt Judd 

Here is one of the best articles from Brian Burke on the topic.

 Thanks Bill! This was a very helpful article. 

Greetings BP'ers,

Can you name some of the most cost effective strategies you employ to ensure forced appreciation on your properties?

Thank you for your time!

Greetings BP'ers, Can you name some of the most cost effective strategies you employ to ensure forced appreciation on your properties? Thank you for your time!

I recently stumbled upon a potential multi-unit property that has some amazing potential. However, there's a catch as there always is. The books/financials on the property are not as straight forward as they should be. The current owner was running some of his personal money through the books (cars and other personal items). This has scared off some potential investors. I am new to the party and just getting into the details as we speak. This seems way too good to be true and has my red flags up. Has anybody ever ventured into a similar deal like this and if so, what pitfalls were you on the lookout for or at least did you try to anticipate finding? Thanks for your time!

Greetings BP'ers, As I am ready to purchase my first rental property this year, I am wondering about leveraging debt to buy homes. I am a regular Dave Ramsey listener. He always talks about avoiding debt leveraging to build wealth. However, from the many podcasts I listen to and posts I read, it appears many people begin this game heavily leveraged. For those of you who do leverage, how do you best mitigate the risks of losing your backside in an economic downturn? More than likely, I will pursue the path to at least get started. What are some dos and dont's to protect yourself even though you are heavily leveraged? Thanks again for your input!

Greetings BP'ers, As I am ready to purchase my first rental property this year, I am wondering about leveraging debt to buy homes. I am a regular Dave Ramsey listener. He always talks about avoiding debt leveraging to build wealth. However, from the many podcasts I listen to and posts I read, it appears many people begin this game heavily leveraged. For those of you who do leverage, how do you best mitigate the risks of losing your backside in an economic downturn? More than likely, I will pursue the path to at least get started. What are some dos and dont's to protect yourself even though you are heavily leveraged? Thanks again for your input!

Greetings BP'ers, As I am ready to purchase my first rental property this year, I am wondering about leveraging debt to buy homes. I am a regular Dave Ramsey listener. He always talks about avoiding debt leveraging to build wealth. However, from the many podcasts I listen to and posts I read, it appears many people begin this game heavily leveraged. For those of you who do leverage, how do you best mitigate the risks of losing your backside in an economic downturn? More than likely, I will pursue the path to at least get started. What are some dos and dont's to protect yourself even though you are heavily leveraged? Thanks again for your input!

We often find situations where we don't know the answers frightful and even intimidating. It sounds like you have been learning many news things and that has scared you because you didn't know the answer. Perhaps adopting a "growth mindset" would help propel you forward. I am very new to this as well. However, I look at all of the things I have learned from the MANY helpful people on this site as opportunities for growth. Instead of becoming overwhelmed by what I don't know, which is ALOT, I choose to see each new thing learned as a mistake saved. We can't know it all and I feel fortunate to have a resource like this to aide my growth. Perhaps seeing it as a way to grow would help you too rather than scare you. Good luck!