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All Forum Posts by: Ned Carey

Ned Carey has started 42 posts and replied 15439 times.

Post: What Do You Think Of All Of The Reverse Trolling in the Forums?

Ned Carey
Pro Member
ModeratorPosted
  • Investor
  • Baltimore, MD
  • Posts 16,430
  • Votes 12,705

 @Jonathan Greene  @Scott Trench  I am 100% againsts it. It this was my forum I would remove them without question. On the second similar post I would ban them. 

It is harder to find good information if the forum is cluttered with low value information. 

Post: Introduction from Beginner

Ned Carey
Pro Member
ModeratorPosted
  • Investor
  • Baltimore, MD
  • Posts 16,430
  • Votes 12,705

@Trey Landwehr Welcome to BP. My suggestion is go out and look at LOTS of deals to learn the market.

Post: Hello from California

Ned Carey
Pro Member
ModeratorPosted
  • Investor
  • Baltimore, MD
  • Posts 16,430
  • Votes 12,705

@Alyssa Dinson Welcome to BP. You say  a”Wholesale brokerage”, I can’t imagine how deals would be structured in CA to be legal as “Wholesale deals”

Post: Ready to Start My Real Estate Journey

Ned Carey
Pro Member
ModeratorPosted
  • Investor
  • Baltimore, MD
  • Posts 16,430
  • Votes 12,705

@Kyle Fitch You are not behind the curve. You are starting 15 years younger than I did. You have plenty of time.

Post: Can I lower my rate?

Ned Carey
Pro Member
ModeratorPosted
  • Investor
  • Baltimore, MD
  • Posts 16,430
  • Votes 12,705

@Matthew Mclean Generally yes presuming your goal is to get a better rate. You bring up a disadvantage of buying down rates I hadn’t considered before. 

The fact you bought down rates on your last mortgage has no affect on a new mortgage, even if it is from the same lender. 

Post: TaxSaleSupport Coaching / Shade Ferre & Stephen Swenson's Class

Ned Carey
Pro Member
ModeratorPosted
  • Investor
  • Baltimore, MD
  • Posts 16,430
  • Votes 12,705

@Christie Duran I don't know what you mean by "Tax Sale Support Owners"  That sounds like some type of scammer who is offering to help people in tax sale. It does not sound like some official part of government run property tax sales. 

Post: TaxSaleSupport Coaching / Shade Ferre & Stephen Swenson's Class

Ned Carey
Pro Member
ModeratorPosted
  • Investor
  • Baltimore, MD
  • Posts 16,430
  • Votes 12,705

@Jay Hinrichs,

I could probably show 5-10 real examples of that I have done myself. The hidden secret is I have done this for 20 years and have bought probably 10,000+ liens. I also look at 3-4,000 properties a year. That is a LOT of time and Capital.

That works out to 1 deal like that every 2-4 years. 

Post: Glad we found Bigger Pockets!

Ned Carey
Pro Member
ModeratorPosted
  • Investor
  • Baltimore, MD
  • Posts 16,430
  • Votes 12,705

@Jim Bouchard Eelcome to BP. Were glad you found it too.

Post: TaxSaleSupport Coaching / Shade Ferre & Stephen Swenson's Class

Ned Carey
Pro Member
ModeratorPosted
  • Investor
  • Baltimore, MD
  • Posts 16,430
  • Votes 12,705
Quote from @Jane Gold:

 The $30K upfront fee to become an advance student  is horrendous.


 Yes, How long would it take you to recoup that investment earning 6% on your funds. Given the competition that is about what you can expect from tax liens. 

Post: Getting out there. Hello again BP family

Ned Carey
Pro Member
ModeratorPosted
  • Investor
  • Baltimore, MD
  • Posts 16,430
  • Votes 12,705

@Alfred Johnson Keep at it. Real estate is a long game. Some very successful investors were slow to get started.