All Forum Posts by: Steve B.

@Bob M.I hope you will let me know if they go NPN or if you just want to get out of them.

@Darren Eady let me know what you got.

@Don Konipol yeah I agree.   Understand the business part is just the beginning.  Navigating through all the regulation is a lot harder and murkier.   Still working on building my understanding, so if you have any tips please let me know. 

@Bob Malecki  Thanks!   Early in my college career I was briefly an aspiring rocket scientist, but glad to hear I don't need to draw on that.   Your comments are really helpful.  I will check out those resources.

Wow @Scott CarsonTHANKS!   From what I have heard, you have a great program.   I am looking forward to attending. Count me in!  I will contact you directly.

@Bill B.thank you.   Just to clarify, I agree that getting educated is a really important first step toward avoiding self ruin.   And I don't mind paying for a teacher/mentor/coach.   I do mind paying for useless gurus, flim-flam, gimmick, anything illegal or bogus.  My question is really geared toward all of you great experienced folks that have tried lots of these courses already.   What worked for you?

@Steve Hodgdonthat is hugely helpful.   I will dig into these resources and keep an eye on your progress.  Thanks!

Yesterday I attended a local REIA meeting which had a length presentation about why we all need to get into notes. And it came as no surprise that there was also a length pitch about the note training session coming up for only $2k.

The concept of note buying was good and the presentation was informative and entertaining, as I have come to expect from any seminar pitch that I hear.   But do I really have to spend this money to find out what to do next?   Is there a book, or any other resource that you could recommend to me instead?   It sounds like lots of people have already taken this course or something similar.   Is that the way to go?

Nicely done.   Do you include any reserves or management costs into your cash flow?

You know, I agree with the plan to skip the security deposit.   The one risk that does come to mind is that there actual was a deposit originally and that some evidence of that would surface later and cause you to be out of pocket for the repayment.   So to prevent this, I think you should get an agreement signed by you, the seller and the tenant laying out that there is no deposit. 

I agree that this is a negotiation tactic which probable does not have any other offer out there.  Stick with your original proposal and press them for a decision. 

If you really want to turn the tables, then tell them you found another investment and need to resolve one immediately.  Tell them that you will retract your offer in 1 day.