All Forum Posts by: Michael Spindler

Before I ask a question, I try a keyword search. However, I may not be using the right keywords. So if this has been answered before, feel free to post a link.

Two part question.

1. I have a plan, to save the 20% down + reserves, for my price target by June 2014. Yet I feel like I should be doing something materially proactive, aside from reading and researching. Should I just cool it and work my plan or should I try to push my way into the game? Aside from the funding aspect am I fooling myself with a delay or being prudent to ensure I am properly capitalized?

2. If I should push. A seller finance situation with sweat equity would be ideal. I'll do anything except 220 lines. Are there any examples of ads on BP that I could build upon, to make sure I am talking the same language and model a deal that is to the benfit of both parties? Since my targets are MFRs, my potential sellers will be other investors.

Thank you and have a great day.

Thank you both.

That Podcast list is great and extensive. The mailman may not like me for a while.

Thank you guys! I do appreciate it. : )

Hi,

My library is growing... but a lot of the material was published prior to or during the bubble. So I find myself skimming or dismissing possible applicable ideas or processes. Like the idea of getting a 10% down, etc. This may be due to inexperience, but it is a different market now (post 2008/9).

I would really like to get reading recommendations from BP members on effective or favorite books that really helped you in your education, post 2009.

My strategy is MFR - buy/hold long term (but open to SFR due to market availability). Cash flow and formulating an effective long range plan for growth.

My CC is ready, Amazon is up and I am ready to order. : )

Thank you for your suggestions.

Hi Emily,

Just wanted to say "hi" from across the state line. :)

Steve is spot on... My head is spinning with all of the information. Feel free to ask questions, everyone here is too kind and generous in their sharing of experience and knowledge.

Best wishes on your goals.

Hello David,

Thank you very much for the information. Printing this to a pdf for a road map.

Hi David,

I meant 245 properties at 20% down only on each, about 13k-16k. Which can be done through pyramiding. But this is all for not at this point.

And obviously, I have much to learn.

Hi Elizabeth and Dawn,

Thank you. Sometimes it is too easy for me to get distracted by the hurdles down the road. Per your advice, I will focus on the first 4 and worry about the rest later. : )

Thank you.

Hi Mehran,

I will look into that right now. I feel the tears drying up. Thank you. :)

Hi Lynn,

I do appreciate it. Disappointed... But that's the way it is I suppose.

Will need to revisit the 10 year plan with a workable solution. I am open to suggestions at this point.

Have a great day.