All Forum Posts by: Mark Barnes

Such great insight, thank you all!

@Steve Vaughan yes thankfully my partner and I have complimentary skill sets.  Thank you for the feedback as well.  Any idea of the link to the blog post mentioned?

@John Anderson this makes good sense, thank you for bringing it up.  Can you provide some feedback on considerations within said insurance policy?

@Ricardo Lopez thanks for the reply and the insight.  

@Naseer Khan thank you for the reply.  Much appreciated.

Great thank you each for responding.

Hello BP, I'm curious if you could provide some insight into the better entity to form for REI. Would it be better to form an LLC or an S-Corp? I hear with an LLC the directors can still be targeted in lawsuits. Is this the case? Is there more insulation with an S-Corp as it is an entity in and of itself? My partner and I are looking to go with the wisest choice. Any feedback you can provide would be great thank you. Mark

Hello BP, I'm curious if you could provide some insight into the 50% rule. More specifically, does this rule of thumb include property management fees or would those be additional? Thanks in advance!

@Kirk Berryman try Tri Counties Bank here in Bakersfield

@Derek Vaughn - Hola Derek!  Good to see you on here too.  I still have it and I'll message you mine as well in case you don't still have it so we can get together.  I'd like to hear about your recent flip and of course anything else moving forward.  I'll check out the Airport property as well.

Jabbar Thomas were you targeting pre foreclosures in this instance?

@BobbyHolley is the HELOC you reference for the $50,000 @ 8% on an investment property? I was quoted today...7.25%-8.50% on an investment property, and 4.5%+ on a primary.

@Eric M did you already have your contractor that you were going to use?  I'm curious if you sourced him in advance, considering he came in so much lower on the roof than the other bid.

@Allison Escovedo yes I did, and I do know Kevin.  I'm glad you mentioned the FIBI meetings.  I will have a look and attend, thank you.

@ Paul Timmins that's great, thank you for all the good quick links.  I will no doubt use them, and am currently involved in a couple of them already.  Thanks again.

@Gene Hacker glad to make your acquaintance.  I agree with your analysis on the market here and with the oil related layoffs.  I feel like we are just starting to see some of that related pressure on prices and could possible provide better entry points than say, a year ago or two.  When you mention Class C to B-, what generalized areas are you referring to?  West/East of 99, North or South, etc?  As a generalization my model isn't necessarily for appreciation short term, I'm more buy and hold with a long term horizon...ie retirement income...early retirement income :)

@Ayodeji thanks for the feedback.  I intend to do exactly that.  Thanks again.

@Max Gradowitz thanks for the info.  I'll look for your info and we can connect and chat.  Thank you.