All Forum Posts by: Remington Lyman

I've come and gone over the years. I've been a premium member and I've cancelled. I think the platform has great potential, but if you look at the vast majority of posts recently, there area. lot of first post/no vote "investors" that are pretty obviously not real. I must agree with you. 

I used to get so many serious repeat buyer clients off here, I still get some great leads but its forsure way more un-serious people now. I think it's just the market. From 2013-2020 you could buy 5% down and cashflow in nice areas, was way too easy to get rich off these properties just cashout every few years and buy more and more. Still friends and close with many I met over BP and have a few reaching out to sell now who used to be always buying, the tables have turned. You can still make money buying but it needs to be in gentrifying areas with large upside or doing value adds to the deals to boost rents/equity.

@Remington Lyman - great topic. For those of us that do REI as more of a side hustle (essentially anyone with a non-REI W2 like me), the forums have become a waste of time as well.

Most of the posts are either spam, people with no money asking for help buying an apartment building, people whose feelings get hurt if you provide constructive criticism of their plan, or people talking out their rear ends.  

I typically do a routine daily search under "Huntsville" to see if there is any interesting discussion from local investors.  Here's the typical topics I see under Huntsville:

1.  I have no money - where should I look for a house in Huntsville?

2.  The market is great in Huntsville - contact me.

3.  I am a turn key operator - please contact me about opportunities in Huntsville even though I have zero properties currently listed on my website for North Alabama

4.  I live in (insert state here) - you can cash flow in Huntsville no problem!  No, I have never set foot in Alabama, and don't know what fried okra is.

I always ask the poster to tell me about some of their recent property acquisitions they have done here in Huntsville - and get crickets.  

Maybe I should start asking if they like fried okra?  AI may assume it tastes like chicken...

 People gotta use AI bro. They don't have an office filled with 400 19 year old real estate bro's hopped up on Prime telling everyone how cool Columbus is while they simultaneously hammer their chests and chant All Hail King Remmy 

and they wonder why they bought a bad deal or trusted the wrong person. SMH

Quote from @Remington Lyman:

Quote from @Jonathan Greene:

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Quote from @Jules Aton:

AI generated responses are so annoying. I haven't been here very long but am surprised by blind encouragement for new members to take on risky deals. I'm trying to keep an open mind on the value of collaborating vs predatory behavior.  BTW is there a way to block any post with the word Ohio? lol 

 mute every Realtor that posts on the Ohio threads. Should take you 15 minutes

 It will take more than 24 hours to accomplish this task.

 doubt it. Here are 3 steps that will take 24 hours to accomplish this 

1 - post "Hi, I am a new out of state investor looking to purchase in Columbus, Cincinnati, and Cleveland, Ohio"

2 - wait 23 hours

3 - mute everyone that replies

Everyone knows by now that if you post, "Hi, I am a new out of state investor looking to purchase in Columbus, Cincinnati, and Cleveland, Ohio", you automatically go on 14,231 mailing lists, get a ReafCo mug in the mail, get a 34-page prospectus on the benefits of landlording in Ohio, and get Slydial calls for 24 hours straight.

There is no way to fix it. This has been a runaway train for years.

I was on a call with many of the hosts and the new CEO and his team. The new CEO has barely invested in real estate. This is a tech company, it's not a real estate investing portal anymore. He was saying that their goal was to use AI to create more connectivity. What?

AI is what is dragging this site down every day.

If they wanted more connectivity, BP would partner with local meetups in every city to co-sponsor the IN-PERSON meetups and help make it more collaborative.

None of us needs to be sitting on the computer in forums anymore. We need to talk to people in real life. New investors need to connect with people who are making deals in their market.

Thanks for dragging me back to the forums to spew @Remington Lyman.

Siri, is this appropriate enough for the site?

Quote from @Remington Lyman:

Quote from @Jules Aton:

AI generated responses are so annoying. I haven't been here very long but am surprised by blind encouragement for new members to take on risky deals. I'm trying to keep an open mind on the value of collaborating vs predatory behavior.  BTW is there a way to block any post with the word Ohio? lol 

 mute every Realtor that posts on the Ohio threads. Should take you 15 minutes

 It will take more than 24 hours to accomplish this task.

I do not manage the forums these days, but I agree that it is a real risk. 

I might suggest, @Rene Hosman, that we petition the BP Tech team to create a mechanism to allow community members to do something parallel to a "vote" when they suspect AI, and that as the community collectively accuses posts of being AI generated, that the poster's get dinged, cooled off, or banned after a certain amount of time. 

Either they will have to stop using AI, or evolve quickly to stop sounding like AI. 

 Are you reporting the posts so they can be reviewed?