All Forum Posts by: Steve Sapowsky

Thank you very much!

Thank you!

I have a neighbor asking roughly 200k for a dumpy 1000sqft home with roughly 5.5 acres of land. House needs the better part of 100k and will sell for around 200k. My parents are farmers and the 5acres abuts their land so they are willing to put in 40k for the land. I will have to rob about .8 acres to make it a decent sized building lot. Based on my analysis I am coming up with a number that is around 95k. Keep in mind the entire property needs a lot of help. How do I offer my poor neighbor less than half of what he wants while maintaining respect for him. Obviously I am a little bit new to this or I wouldn't be asking this question. How are you experienced investors making these offers?

They might have a sample contract on bigger pockets

@John D. I tend to follow stocks that are a little volatile. Therefore assuming the stock will move up or down. I try to get in at what I assume to be a low and immediately put a stop loss .01-.20 below the bid price. That way if I am wrong about the direction the stock is heading, I can still get out with minimal losses. However, if I am right and the stock jumps up .20, I cancel my stop and create a new one .20 higher. Then I just keep an eye on it. As the price creeps up, I cancel and create a new stop loss following the bid price by .05-.20. The closer the stop price is to the bid price, the more likely the order will fill and you will be forced to exit your position, hopefully with a gain. But then again, the higher the stop price you set, the better your chances of actually making some money. I hope that makes sense. Keep in mind, I am no financial expert. This just happens to work for me in many cases. I am not recommending any of this. This is just what I do.

@Scott Trench put a stop loss on those index funds and keep raising the stop as the fund rises. Ensures you keep any gains you've made and also ensures you don't lose money once your stop price is set to above the original purchase price.

Hi Sam. Thanks for reaching out. I can't seem to PM you from my phone. It says you've blocked your contact information. I am very flexible in terms of what I am looking to invest in. Whatever makes the most sense to me when the opportunity arises.

Hey everyone! As I dive into real estate investing, I am currently seeking a silent cash partner to fund the purchase and rehab costs. I do all the leg work, you provide the funds. If you have money sitting in the bank, gaining 0.1% interest, this could be the perfect opportunity for you.

Check out my site to learn a little more about me:

Cash Partner Wanted

I would get a completed w 9 and proof of liability and workmans comp. Their insurance co can just email or mail it to you. Also get a couple quotes to see if they are in the ballpark on their price. I'm sure there is more as an investor. But that is a start.

@Dashon Jonesundefined

Thank you for that!