All Forum Posts by: Account Closed

As soon as the other tenants see an eviction taking place that might motivate them to get with the program! 

Rich Dad Poor Dad

Cash Flow Quadrant

Multiple Streams of Income

You might also want to look into going to a local Real Estate Investors Club. They are all over the place.  That is a great place to meet others that are active in your local market.

This can be a tough business, but you did the right thing. If you let a tenant pay their rent late and you don't make an issue of it then the only thing that you really do is guarantee that they will continue to pay their rent late in the future. You have to stick to the rules. (there are exceptions though-  e.g. they have been your tenants for several years, always pay on time, and have a family emergency) 

On another note- congrats on working your way up! 

Thanks to everyone that responded to my post.  From what I understand, those of us that put our goals in writing are more likely to reach them! I wish you all a safe, happy, and prosperous 2015.

I would love to hear what goals people are setting for 2014.

Personally, I am going to-

-hire an assistant to help with my wholesaling and tenant placement business

-do a 1031 exchange with a property that a biz partner and I acquired this year through a wholesale deal

-streamline more of my rental business so that it requires less of me!

As far as personal goals go- exercise and lose 30 pounds! Ugh.

I'd love to hear your goals.

Mark

Start the easy, cheap, and local way- find a Real Estate Investment Club in your area and go to the meetings. It won't take long to find out who is doing it. Take people out to lunch. The real winners will be happy to  go to lunch and help you out with local issues- where to buy, who the good guys are, who to avoid, etc.

Keep reading! Rich Dad Poor Dad, Cash Flow Quadrant, etc.

Best of Luck.

Mark

Chris K. I understand your skepticism. I would be wondering the same thing if I didn't know her. If you are interested, a group of us meets every Monday at noon for lunch. This is free- unless you eat, and it is strictly for networking. If you have a deal you are free to bring it. Newbies are welcome and those with more experience are welcome. We usually have between 5-15 people show up. Denise usually comes as well. A lot of people from BP have shown up in the past, and that is usually from a recommendation from Ned Carey, on of the moderators on BP.

Mark

Chris, you might be surprised by how many relationships people have as a result of Bigger Pockets. I don't post much but I have met many people that were referred to me by other members of BP. We have regular lunches, every Monday, at Sprits West on Wilkens Avenue and many of those that attend found out about us through people like Ned Carey- a regular contributor. 

As far as Denise goes, she just upgraded to Pro and when she did it wiped out some of her profile.

If you look at the Baltimore REIA you will see that she hosts a monthly Landlord Meeting and they are sponsoring the event next Saturday.

She has been doing this for many years and owns dozens of units. She is the Real Deal. You won't find a more honest, ethical, REI- anywhere.

Any feedback on the most effective type of postcards to send out to find wholesale deals right now? Where are you buying the cards at? The best response rate that I have gotten with cards is 1-2%. I think that I can do better. Any suggestions?

Thanks,

Mark

Any feedback on the most effective type of postcards to send out to find wholesale deals right now? Where are you buying the cards at? The best response rate that I have gotten with cards is 1-2%. I think that I can do better. Any suggestions?

Thanks,

Mark