All Forum Posts by: Account Closed

@Marcus Brown

There is a lot to this. Private Landman and an Attorney who specializes is Real Estate and Oil & Gas are the two who can sift through it. Not sure if this is hypothetical or if you are involved but there may be several separate transactions—a separate land lease for the refinery equipment, a lease or possibly transfer of mineral rights to a third party or an oil company and the actual sell of the land. Without knowing more, it is possible that the only transfer was of the land.

@Derek Carroll

Great advice. My experience with Servpro and similar companies is that they are looking for the helpless client who has great insurance.

It is a little more work but after remediation, and proper ventilation, a good coat of Kiltz or a similar stain-blocker not only hides the stains but does wonders as a future barrier and helps mitigate the smell.

@Jess White

Cant wait to see where this goes. Great topic and post title!

I remember a conversation with a business owner who said “why would you put any money in the stock market”....but with a tone that left me thinking they probably had a lot in a workplace investment.

I don’t know the answer but a 401k is relatively headache free and leaving the match on the table is hard to think about....especially when savings rates are so low in traditional banking. Even a target date fund will typically net 4-6 percent over the entire run—after taxes

Had one and cashed it in...then I didn’t have one....and now I do. It just feels better knowing there is something there that is increasing vs stagnating as cash.

@Bill Plymouth

Good points but there is a lot of competition for skilled Realtors—so walk softly and build trust first. Maybe a set price [5-6%] total commission for set objectives would work with an escalation clause for a headache deal?

I will negotiate a contract and take you through closing for 6 percent unless there are comprehensive and unplanned negotiations regarding; major repairs which are unknown at this time, hidden title/easement complications, water and sewer repairs or negotiations etc. in the case of extensive negotiations and or repairs, the commission will escalate to 8 percent.

As a licensed salesperson and buyer/seller who has used representation—this is fair and reasonable as long as you deliver.

@Heath M.

Thanks for the reply and support Heath. Some of the regular go to books (like Kiyosaki) have good info but can be dangerous when misapplied or prematurely executed. I feel books and seminars can be helpful but are no substitute for working with an experienced investor who knows what to look for.

@Franky Aikens

Bible....seriously

Retire on income funds at 5% a year

@Dan Nguyen

Total Money Makeover by Dave Ramsey

He is captivating but don’t fall for the shows or ongoing classes he offers. Just read that book and stick to it.

@Storm S.

Great advice. In a taxable account then build the career and emergency fund.

@David Muscovalley

Hi David, no you shouldn’t. Yes, leverage can be used to make money but as someone who intertwined my primary residence with RE, I would say just never do it. Main reason is that if you are that leveraged the risk is too great.