All Forum Posts by: Scott Trench

I mean, if you go big enough, someone may eventually write a book about you. 

The risk is that the cover looks like this:

Congratulations on 1,000 posts @Michael K Gallagher, and thanks for all you do for these forums! It's awesome to have hybrid agent/investors on the platform like you, and to see the value that you add to the forums gives back to you, in turn, as an investor and as an agent. 

Keep it up, and look forward to the next 1,000!

@Shiloh Lundahl - The real estate investing ecosystem seems to have been hit very hard, in terms of interest in in-person events, absolutely. But, we at the same time made the experience of finding meetups on our website way worse with an update a few years back. We need to bring it back, but are, for now, prioritizing our mobile app and a new listings product to help investors find cash flowing deals.

Following - good question, and the way you posed it shows that you did your homework. I don't know the answer here. I'm curious as well.

But, I am sure that one of the CPAs, enrolled agents, or Tax professionals on the forums will be able to answer this question now that I have summoned them with my keyword stuffing.

@Marlon Fong Thank you!

We just are testing it out!

If it's helpful and we can measure a business impact, we will scale. If it's not, we will try something else! 

@Marlon Fong - Could we please move the post in question back to the Syndications section? 

I can see why the external link made you think that it was a self-promo on a cursory review, but I do not believe that it was in this case. 

We've got an exciting new program here at BiggerPockets. A very high tech one.

Here's how it works:

1) Call 720-902-8552

2) A real estate investor will pick up, or text you immediately, notifying you that they will call back if they are on the line.

3) On the phone, tell us your goals, and we will connect with the resources or network you need to solve that problem.

That's it. Super simple. Testing it out today. Please give us feedback! 

It's free. To all members.

I completely agree. 

For a while, a truly irresponsible group of new investors were joining the forums, thinking they should pursue extremely dangerous strategies that put themselves and the people they were buying from at risk. 

This has dissipated, and that irresponsible crowd has largely lost their money and motivation. Those investors have largely gone elsewhere, and the ones who are joining BiggerPockets are much more responsible and realistic in their viewpoints. 

I think that it's one thing to give sober advice that appropriately discusses risk/reward. It's another to do so in a way that makes a new investor feel bad. Too much of that lately. Let's do better BP Community!

@Bruce Woodruff

I think this is a good push. I'll give two putbacks to my prior analysis: 

1) The yield curve could invert, and the market brace, for even two years, if Trump credibly brings a candidate for Fed Chair who will lower rates regardless of what inflation data reads, or the markets expect to be extremely dovish. Even if the current Fed keeps raising rates, this will result in the yield curve inverting again, in anticipation of the new Fed Chair changing things. I think that Jay Powell has thoroughly proven that he has no political allegiance, and is singularly focused on attempting to remedy the massive err made in 2021, and that he has, actually, done the least bad job by a central banker in the world from 2022 to 2025 (*hot take!).

2) If Trump removes the threat of tariffs, inflation will stop, and he can do this immediately and at any time.

This only somewhat addresses the points in your take, which I completely respect, but also respectfully disagree with. 

I believe that inflation already picked up on the threat of tariffs, and it immediately changed some firm's behavior in pushing up prices for goods and materials that might be affected. 

I believe that, excluding "immediate deportations" of folks who cross the border and are immediately sent back, that the impact of deportations is small, and is largely isolated to the deportation of convicted criminals in jail or prison in mostly red states. I would be willing to bet on a version of that, and will, in effect, through my real estate purchases this year.

Also - to be clear, I am not arguing that the policies will be "good" or "bad" in a more general sense for Americans. Just that I believe that they tend towards an inflationary effect on non-housing goods and services, and a slightly deflationary effect on housing by reducing demand for housing.