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All Forum Posts by: Randy L. Baab

Randy L. Baab has started 9 posts and replied 13 times.

Post: Liability Legal Corporation

Randy L. BaabPosted
  • Rental Property Investor
  • Posts 14
  • Votes 4

@Jeff Stein

Thanks

Post: Liability Legal Corporation

Randy L. BaabPosted
  • Rental Property Investor
  • Posts 14
  • Votes 4

What company do I go with to setup a LLC? I think I want to use Tennesee.

Post: Bargain & Sales Deed

Randy L. BaabPosted
  • Rental Property Investor
  • Posts 14
  • Votes 4

Who do I contact for a Bargain & Sale Deed.

Post: Podcasts should be current on Tunein

Randy L. BaabPosted
  • Rental Property Investor
  • Posts 14
  • Votes 4

Why aren’t the BiggerPockets Podcasts uploaded on Tunein?  Podcast #314 where are the rest?  I heard #323 on the BiggerPockets site last week.

Post: Quit investing at what age?

Randy L. BaabPosted
  • Rental Property Investor
  • Posts 14
  • Votes 4

Is there a time say hang up the spurs? When should you stop investing and reap your life long investments?

Post: Buy and Hold Rental Properties

Randy L. BaabPosted
  • Rental Property Investor
  • Posts 14
  • Votes 4

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $103,000
Cash invested: $103,000

Investment

What made you interested in investing in this type of deal?

Marq Cobb contacted me after I was sent a questioner. He a BP member and works for Chris Clothier in Memphis Tennessee.

How did you find this deal and how did you negotiate it?

I selected the house it was one of about six the Marq sent to me

How did you finance this deal?

Annuity (401k) money’s

How did you add value to the deal?

Bought the House after inspection clearance. About 12 things had to be fixed before my purchase.

What was the outcome?

Good!

Lessons learned? Challenges?

Learning about turn key investing. It was easier process than my second house.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

My agent was Marq Cobb.

Post: Insurance on Properties

Randy L. BaabPosted
  • Rental Property Investor
  • Posts 14
  • Votes 4

Umbrella Policy or LLC to protect assets?

Post: Piloting to rentals to buy or sell.

Randy L. BaabPosted
  • Rental Property Investor
  • Posts 14
  • Votes 4

Jay Hinricks

What do you think about the Samsung Switch Blade flying car? Buy or trash the thought? I’m a retired commercial pilot & Doser I can find water & metal pipes!

Post: Purchasing another House

Randy L. BaabPosted
  • Rental Property Investor
  • Posts 14
  • Votes 4

I am Purchasing my 3rd property.  Will close 2/28/2019 In Memphis single family property cash deal.

Mark Cobb was great for Memphis Invest turn key 

Post: 401K: Continue Contributions or Stop?

Randy L. BaabPosted
  • Rental Property Investor
  • Posts 14
  • Votes 4

You should take 20% to 25% to invest in IRA or 401k/b. At retirement you should have 300,000 to 500,000 to play with.