All Forum Posts by: Robert Beardsley

i would say 3. find something that cash flows but also appreciates. i feel like people tend to forget you can do both. maybe it doesnt appreciates as fast or cash flows as much but you get best of both worlds. all the my properties have cash flowed and appreciated Farley well. 

im different then most people on this thought. although i normally like having 6 months of reserve per property. when a deal like that comes along i also wouldn't mind paying cash then using my W2 job money to cover repairs. and if the repairs needed arnt something that needs to be done asap just use the money from your month renal to pay for repairs. it would be paid in cash so no mortgage. then take the 700 a month and fix something every month. its already appraised for 42k worst case you turn around and sell it day one. best case u fix it up and what have a 60k house thats all paid off and bringing in rent every month? not bad. 

is this a real question? or are you messing with people? BP has gotten pretty crazy with off the wall useless questions like this. ill answer your question they make 500k a year right? well it is very easy to live on 100k so that leaves 400k a year. that means if they should be able to save over 1m in less then 3 years. here ill help alittle more. take that 400k and buy few multi units each year for those 3 years and you could probably make 500k vary fast. thank you 

I 100% agree with the OP and i havent been her very long. when i first found BP i seemed to find new post that seem to have substance. now its all how many investors are engineers, how many investors are doctors and no offense to those poster but things of that nature have no real value. and if that was an out liar then ok but its more and more common to have things that dont talk about real estate.

Lisbon, lewiston Auburn are good places for that price range. Maine has alot of homes for 150k or less just have to leave portland

this sounds very sketchy on your part once you read the content. title makes it seem like he is in the wrong. Like others have said looks like you used him for the downpayment then got lazy and didnt want to do the process to put it in the LLC. bad business if you ask me.

would love to know more have always had an interest in this.

will these be starting back up this month?

Where is this landlord? i would love to send these messages to them...

@Daniel Weber i own a building in south Portland. And a town house in Brunswick that i rent out. I have not had any issues finding tenants and i require my tenants to pay there own utilities. From whatviv noticed its starting to be the new norm even in maine.

My units have gas rennie heaters and electric baseboard heat. I tell my tenants jot to use the electric heat unless they really need to as it will make there bill very high. I dont get any complaints.