All Forum Posts by: Robin Vidovich

Staci,
Just spent 2 weeks in your beautiful state! Gotta love the Mouse!

My family and I have been going to Florida at least once a year for the past 20 years. Last year we were there twice.

While at the condo we stayed at, we ran into a guy who owned 2 condos and had both under contract as a lease purchase to sell. Even in a down market, because he has had them for about 10 years, this guy is going to make about $250K on each property. Now if I were him and did ot have to sell, I would have kept them until the market turned around. Not sure when thr properties went under contract. It may have been before last fall.

The amount of tourism is incredible. While at the pool we noticed a lot more foreigners than years past. The weak dollar has helped make tourism affordable for others out side of our country.

With all of this being said. I wish that I lived in your state. There is so much opportunity in the RE market. Unlike some other states, you have the draw of Disney for tourism.

Good luck and keep us posted.

rdinvestors

Just examples of how uneducated individuals believe the news and media with out researching.

Hey, and if I could find some one who would give me a decent $10 hair cut why would I pay $50 for one!! I never seem to leave the salon for less than $100. As far as I am concerned the $10 hair cut guy is $90 up on me. :wink:

rdinvestors

What is the symbol in your advatar???

It is truly unfortunate that there are unethical people in the world. Investing is not immune to them. I worked as a critical care nurse for almost 20 years until I got into REI and there were unethical people in my the hospital setting as well as when I did clinical research. Trust is an amazing thing.

With that being said, not every one is cut out to be a business owner or has what it takes to run a successful business not matter how easy or difficult it is. There will always be that individual that wants some one else to make the money for them.

Have I made $5K in 20 minutes on one deal??? Yep. I also work hard between those deals. No one has handed me my business but I did become educated by one of those "REI mentoring groups". With out the the help and assurance of my Mentor, I would not be where I am today. Thanks Jim C.

I run my own business. Actually 3 RE businesses, all because I had one trusted person to help out along the way if and when I had questions.

15K Sorry that you were mixed up with such unethical people. But glad for you that you got out. I am sure that in the pastorial world you encounter those who say what they do and those who do.

rdinvestors

esnuts,
Thanks for taking the time to compile what many of us may know or have read. It is important to bring it to the forefront of the mind. Your points certainly need reinforcement no matter how sucessful a person becomes.

By the was what does your user name mean???

I have been able to put 20% of my company's earnings into a SEP. Unlike a ROTH all of the money is tax deferred (similiar to a 401K) . Not sure if you would be able to do this depending on how your company is structured.

However, with that being said, I would never take the advise on taxes from anyone other than a CPA and even then you need to have a good one. This type of topic and response is mearly a starting place so that you can question your CPA.

Do keep in mind what Jason said about a graduated tax system.

Good Luck!

So, how does one become a Moderator for Bigger Pockets? Are there qualifications? Are you just chosen or interviewed?

rdinvestors

John,
I have worked this senerio on several occasions. No different than the usual way that you were wholesling just different paperwork.

Give me a call and I may be able to help you out!

Robin

Welcome,
Keep us posted as to how things are going for you. It is always interesting to see what other parts of the country are doing!

rdinvestors

Welcome Vi,
This is a great resource for information. If you are interested in local networking, shoot me an email. There are some valuable local groups that may be of interest to you.

rdinvestors