All Forum Posts by: Scott Trench

William - Welcome to Denver and best of luck.  I agree that you seem to be in an awesome position to get started in Real Estate.  I definitely think you should check out the Podcast and read some of the guides we've got out there like:

http://www.biggerpockets.com/renewsblog/2014/01/07...

and

http://www.biggerpockets.com/real-estate-investing

Look forward to meeting you (if you decide to come to the Denver meetup, that is!)

Micheal - I went ahead and sorted the Podcasts into categories that made sense to me.

You can download that list here:

http://www.biggerpockets.com/files/user/ScottTrenc...

Hope this helps for now!  I've also made a project for our dev team to make something a little more pretty on the podcast web page.  Let's hope that comes sometime soon!

Daniel,

First of all, I want to say that I'm sorry you've been put in this position.  I hope that everything went smoothly from a health standpoint with your wife's surgery.

Personally, I believe that Real Estate Investing is secondary to my personal financial situation.  I keep about $10,000 in cash, plus high credit balances to ensure that I am covered in all emergencies.  

The risk you face here is that you have a second emergency and have to pay another, incremental $10,000 to $20,000 bill come up in the short term.

If it were me, I'd use whatever cash that I had saved to pay off as much of the bill as possible, and then arrange something with the hospital to pay off the bill with a payment plan using earned income.  Are you sure that this can't be worked out in such a way as to not ding your credit?  It seems to me that if you believe you are able to get a mortgage for an investment property, you will likely be able to get financing on similar or better terms for the payment of this medical bill as well.

I think life happens like this, and that your next deal will likely be pushed back 6 months to a year, depending on your income and savings rate, because of this misfortune.

@Michael J.

 The Podcast unfortunately has not been sorted into categories.  I think that this makes sense as a request and will put something down to create this for the community over the next few weeks.

Thanks for the suggestion!

Mike - our theory is that it's not about Real Estate, it's about freedom.  Plus some people might not like to announce to the world that they are landlords.

 Yes!  Shipping to Australia and most countries is available.  It might be a little bit more for shipping than in the U.S. of course!

@Zach Davis Love this!  

So about a year ago I wanted to quit my job and invest in Real Estate.  I talked to anyone and everyone I could about this, and ended up falling into a mastermind group of like minded people.  Through that network, I met a guy named @Joshua Dorkin and another guy - @Brandon Turner .  

One thing led to another, and here I am now with a duplex and a job where I get to study Real Estate Investing across the country all day, every day.  

Talk to People.  Follow up with people.  Provide value for free for people that you find interesting and want to associate with.

Hey @Robert M. The Pro only forum is a great place to get questions answered that you might not be comfortable exposing to the general community.  Perhaps you need help dealing with a unique tenant situation and don't want that person seeing a public thread or have a situation where you are unsure of the appropriate way to handle interactions with a bank/insurance company, contractor, or similar.  

 Hey now.. we bought our own here at the HQ ;)

 The BiggerPockets "Logoman" is on the front!  We kept it simple.  Check out the teespring link!