All Forum Posts by: Steve Babiak

Rich,

Thanks for the clarification. So the fact that your estate plan has some things in common with what Edelman writes is simply one of coincidence - or two relatively smart people grasping the tax code in similar ways.

As to high net worth - I just threw that in to help grab attention. But the other part about offering details on the blog - the what and the why and how - well, that is something I think we all would appreciate learning. Just my $0.02 worth on that.

And you know I'll always pass along suggestions for good blog topics especially when I recognize that you have knowledge / expertise / wisdom on the topic above the average reader.

Rich,

Hope you enjoyed your recent cruise.

Some of your plan sounds similar to the content from Ric Edelman's book "The Truth About Money", which I know you recommend.

Was any of your estate plan formulated before you read Edelman? Or did you read Edelman and then contact your attorneys to craft a plan to follow some of Edelman's recommendations?

Might make for a good blog topic ... from one of BP's high net-worth investors ... just thinking out loud.

I've seen a couple of episodes, and it is a trip to say the least.

What I find a bit facinating are the stories that none of the sharks want to touch, and you hear that the idea's owner has gone "all in" to try to bring their idea to market.

And like James says, it's so hard to believe that ordinary people have no clue about how to set a value for the company (based on actual revenues and profits, not just potential).

Or maybe the OP is having a hard time getting funding because of the number of repos ...

Even if you find that residue on the surfaces, how could you prove that it was caused by this occupant, and not an earlier one?

My vote has been cast!!!

And I thought for sure somebody was going to credit MikeOH with that one.

Thanks for participating.

I still don't have one that meets the criteria for my vote.

Anybody else?

In the past 12 months or so, the REIA I belong to has covered all of the topics you mentioned except for Code Enforcement. The difficulty with that topic is each little town has their own way of doing things, so it's tough to have one person come in and reflect about everywhere. Fair Housing was presented by people from an organization that sends out "testers" in response to ads for housing. Eviction in general was presented by an attorney.

And other topics get covered also. Insurance, and how to handle the situation of insuring "Subject To" acquisitions; REO purchasing; Self-directed IRA and real estate; plus others.

And we get the guru types as speakers as well. On the days they talk, there often is a line of people waiting to part with their money to purchase the product being offered. Once you know this will be happening, you can simply avoid getting in that line if it's not for you.

Keep 'em coming - so far, nobody guessed correctly.

I came across this clever saying that most landlords will agree with:

Correctly guess who made that statement by adding a post on this thread, and I will vote for the first post with the correct answer; I am limiting myself to only vote once in this thread. Others can vote as they see fit. Have fun.