All Forum Posts by: Tod R.

Almost 30 years(I graduated college when I was 10...ok maybe not) in commercial real estate development & management of large properties via accounting/finance. Most concepts translate well to my individual investing adventure.

I do think that those starting out who can work in a field that is numbers intensive will find it beneficial to their REI.

0 Votes

I'm not a fan of the sales tax because most of us don't really know how much we pay. Oh sure, you can do an estimate on your federal income tax return but you really don't know. It gets lost in the price of goods/services.

I know how much I pay in federal income tax, but I still think there's a substantial amount of taxpayers who don't know how much they pay. They are just focused on their refund. I would like to eliminate the witholding of income taxes from paychecks and require taxpayers to write a check so that they actually see what they pay. I appreciate the feds trying to make it easy on us by withholding but let's make sure people know how much they are really paying.

1 Vote

Originally posted by Jon Holdman:

Once upon a time when I lived in TX I saw an RV slowing driving in front of our house. I watched out the window as he slowly rammed my car. He got out, apologized, said he was distracted, then tried to pitch Amway.

This is an old Texas tradition for marketing. It all began in the mid 1800's when Billy The Kid would"accidently" ram his ticonderoga into the Wells Fargo express, then proceed to rob them.

:-)

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Originally posted by Jeff Arndt:

I wish I had my copy of Millionaire Next Door but I lent it to my brother. In it, it states that of the affluent, most spouses do not work. And of those spouses that do work, something like 50% of them are teachers.

I wonder if that's because some wealthy families feel a responsibilty to give back to society in some way.

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Originally posted by Jerry K.:

It was interesting, in this issue where I pulled that survey, they had an article about Millionaire Teachers. Their research shows that 14% of the 8.6 million millionaires in the USA are educators/teachers.

This got me very excited since my daughter is going to Tx State for 5 years to be a teacher!!!!!

This brought me back to reality....

2 Votes

Originally posted by Bill Gulley:

Dealing with a municipality means they can devise a public good cause and force sale. In doing so they must indemnify you for other costs as well if you are being moved. Moving costs and other misc. expenses can be claimed in addition to the purchase price.

What you might consider is having the city get involved with relocating the home and covering costs of a new site with a little money for the trouble. The alternatives will show the costs involved to value your property as well.

This makes sense to me. I know you don't want to sell, but you have a strong buyer at a price you may or may not be able to get otherwise later. I know its not what you want for you and your friend, but given the fact that its the city and they can come and get anyway, this isn't too bad of a plan B.

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Originally posted by Jerry K.:

96% say Hard Work - is the main contributor to achieving their wealth

91% Education - is main contributor

87% Smart Investing - is main contributor

61% Risk Taking

Thanks Jerry that was interesting. I think Hard Work is the main factor that separates the pros from the amatuers.

I wonder if Lucky or Inheritance made it very high on the list? :)

1 Vote

Originally posted by Joe M.:

Ironic that the post right before Josh's was just the type of advertisement post he was talking about.......oh and it's gone now.

Ha! I saw it and debated with myself to link this thread, or just let it go. Like I said, the moderators do a great job!

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Joshua Dorkin, this is why BP is so special. You and the moderators do a great job keeping this site clean, a safe zone to have RE discussions without having to fight through sales pitches.

Originally posted by James VermillionDepends on how much I have had to drink![/quote:

Delirium Tremens, no doubt...

1 Vote

All Forum Posts by: Tod R.

Tod R. has started 32 posts and replied 805 times.

Post: Acroynms

Post: What other business(s) do you participate in?

Post: Abolishing Property Taxes

Post: Why Your Advertising Posts Will Fail on BiggerPockets and other Social Media

Post: What factors do wealthy people use to choose investments?

Post: What factors do wealthy people use to choose investments?

Post: how to value one of a kind land sale

Post: What factors do wealthy people use to choose investments?

Post: Why Your Advertising Posts Will Fail on BiggerPockets and other Social Media

Post: Why Your Advertising Posts Will Fail on BiggerPockets and other Social Media