All Forum Posts by: Rick Bradd

This is exactly why I love biggerpockets.com, you have smart experienced guys coming up with creative ideas like Rich, you have smart experienced guys examining those creative ideas with a fine tooth comb and laying out the facts, like Bill, and you have smart experienced guys giving a well reasoned opinion like J.Scott and others here.

Kudos to all, really appreciate all of you.

Every investment has risk, it's how you manage risk and your own tolerance level for risk that matter to YOU! In my case I had to much invested in the stock market, while I have done well most years I feel the risk has grown to high, there are too many wizards behind the drape pulling strings and I do not like being "played" .

We all have our reasons for being involved in real estate, to me it's just that, REAL! And I like the returns, I like the idea of sharing in the profit too, now to combine those two ......

I hope I keep seeing more creative brainstorming what if ideas being shared here.

Just my .02
Rick

10....... Where do I sign up?

Really, this is interesting.

Awesome! Thanks for sharing, I really have the itch to travel so I enjoy reading reports like this.

Glad you had a good time.
Rick

Bryce, I just had another slab leak fixed, this is the third one, in my primary. Here is what the plumber and I did to see if we had a leak, check the house that every single valve is turned off, even the toilets, washer etc.

Check the water meter and write down the number.
Wait 30 minutes
Check the meter again, if it went up, you probably have a leak.

The plumber had a listening tool and thought he found the leak, it was wrong. So we called a company called Pinpoint Leak detection, they were able to find the exact spot and we did a bypass.

I wish I had called them first, would have saved me some money in the long run.

Also, I was able to hear the leak when I listened carefully, that is what first clued me in.

Good luck!
Rick

"The difference between ordinary and extraordinary is that little extra."

This quote is below my signature line on every email I send. I get a lot of positive feedback from it, and it REMINDS me to go that "EXTRA"!

2) Since many properties in C/D neighborhoods are not profitable but if repaired would increase the value of the surrounding properties that are profitable, utilizing a privately funded B-Corp in combination with a for profit enterprise would, in theory anyway, be a damn good way to improve a neighborhood, house by house, block by block.

I guess you guys are right though... I'm just silly and naive. This will never work.

I am not a house flipper or renovator, so take this with a grain of salt, but I think this is a brilliant idea. I was looking at a 4-plex near my home and saw that there were probably 20 identical buildings on the same street, all looked identical except for paint, etc. I thought if I bought in this neighborhood there would be very little I could do to force appreciation, much less make it a better place for someone to live.

Without having the city or other owners cooperate the street would stay the same, at least for a while.

If you could buy one or more using a non profit, that may make it more attractive to the current owners to upgrade their own property, and then the private investor or new owner would have a way to get more appreciation on the property. It might also get the city on board to invest in the neighborhood.

Just my $.02.
Rick

Welcome Robert!

I wish I could vote for every post on this thread because it made my day start great. I am reading these posts to my wife and can not even get the words out I am laughing so hard.

Rob, dude, I love that dry humor!

I would doubt that would work very well, it would be an unsecured loan with no safe exit strategy. Due diligence by the original lender would have to be non existent, maybe a lender who was family and trusted you would loan on blind faith, but I never would.

Just my opinion.
Rick