All Forum Posts by: Richard Sherman

@Svetlana Kleinhenz Call the life insurance company (NOT THE BROKER) and figure out what your cash balance is on your cash value life insurance.  DO NOT cancel it, just find out the details.  THEN, contact a local broker (NOT the one that sold you the Whole Life, someone else who has good reviews and get a quote for 20 yer term life.  I am 40, slightly high blood pressure and a bit heavier than I should be and I have 2 million and it is $1200 a year!  My wife has 1 million and it is like $350 a year

Once you have the term IN PLACE  (not a quote, the actual policy is done, they have done the physical all that) then cash out the whole life.  If for some reason you are not able to get term (health issues) then you have the cash value which is better than nothing.

Insurance agents who sell this whole life CRAP make a lot of commission on it, so they will not give you objective advice.  They are either uncaring about the fact it is a awful deal or ignorant of it.

Looking forward to seeing all of you on Tuesday!  Between Nat and myself we have more than 150+ units and have experience in everything from flips to Mobile Home parks, so if nothing else we can talk about finidnng deals, rehabs, refinance, lending, whatever people want to chat about.

 Love it!  Let me know if that works out!  Would love to meet up!

 Mike, yeah we need to get together!  I am on the coast for the summer, so if your out the Lincoln City way let me know!  David is an impressive guy!  I am planning to meet up with him when he is in town so I will be up in Portland and we can make something happen!

Starts at 6, we will plan to hang out until 9 or so or as long as people want!

Looking forward to meeting you Madelaine!  Nat hooked up that location, I agree it is awesome!

 Come on by!  There are so many different ways to be an investor I think almost everyone can find their niche!

@Nat Borchers Once again, I disappoint people by not being that Richard Sherman! You have the athletic ability covered though; I am just there for the extra height!.

I wanted to echo what Nat said. Come and hang out and get a coffee or adult beverage and meet some other investors. In any market, knowledge, and connections are, and in this market that is especially true. Any experience level welcome!

I am looking forward to it! 

@Todd Powell That is great man!  Sorry I missed this comment!  GReat work, I always remind myself not to assume peoples motivations or Assume a "no" it is always worth talking to them and asking!

@Jay Hinrichs It is going to hurt the people who do not move rents each year and push what they can and have not in the past.  10% a year is more than we raise unless we are taking over a property with low rents.  What it will do is ensure rents get raised EVERY year on everyone, even people who have been there a long time and are good tenants, because if THEY leave then that unit can only be raised the allowed amount for the new person moving in who would essentially be benefiting from the old behavior of the good tenant.  Well done Oregon, now everyone loses  :)