Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Todd Powell

Todd Powell has started 34 posts and replied 833 times.

Post: HELOC - what to say when the lender asks what the money is for?

Todd PowellPosted
  • Rental Property Investor
  • Corvallis, OR
  • Posts 840
  • Votes 1,316

@Elizabeth Southall I always tell the truth, but be prepared to have it all make sense

Post: What 2021 accomplishments are you proud of?

Todd PowellPosted
  • Rental Property Investor
  • Corvallis, OR
  • Posts 840
  • Votes 1,316

@Kaylee Walterbach 2021 was the year I found peace and financial freedom. After 31 years in the same industry, I now took a job that I actually enjoy and do for fun. After 40 flips and Brrrr buy and holds, I have the financial foundation to have more free time. I operate and manage 16 doors, have ownership in a 72 unit college property, and have two RE syndicated deals; one in Ohio (62 units) and one in Atlanta (opportunity zone).

I am 54 year old, and love my family, two grand daughters, doing Spartan races with my older son and the time freedom I now have. Time is your greatest asset and you really do not know how much you have! Live for every moment!

Post: Do you provide new shower curtains for your rentals?

Todd PowellPosted
  • Rental Property Investor
  • Corvallis, OR
  • Posts 840
  • Votes 1,316

@Joe S. No sir. That is a personal decision for each tenant.

Post: Application and Tenant Screening

Todd PowellPosted
  • Rental Property Investor
  • Corvallis, OR
  • Posts 840
  • Votes 1,316

@Sharon Powell oh, have you noticed that smartmove never turns down, and the financial insights are always positive? People can put down whatever Income they want but you have to verify on your own. Curious how you deal with that as smartmove seems overly positive in my opinion

Post: Application and Tenant Screening

Todd PowellPosted
  • Rental Property Investor
  • Corvallis, OR
  • Posts 840
  • Votes 1,316

@Wale Lawal have you noticed smartmove always wants to approve based on income insights?

Post: Application and Tenant Screening

Todd PowellPosted
  • Rental Property Investor
  • Corvallis, OR
  • Posts 840
  • Votes 1,316

@Sharon Powell hey nice last name and I do exact same thing you described!

Post: Application and Tenant Screening

Todd PowellPosted
  • Rental Property Investor
  • Corvallis, OR
  • Posts 840
  • Votes 1,316

@Brandon Allenczy do not worry about their costs. Worry about protecting your investment. I have been burned by people many times over the years so I get apps on ALL who reside and be on the lease. Further, I let them know they are EACH fully responsible for the rent amount equally. In the end, people will do what they will do, but if you set the expectations and manage it up front, you will save yourself some mental heartache. Just my 2 cents

Post: 4 Million -- How to Make Most Money with It?

Todd PowellPosted
  • Rental Property Investor
  • Corvallis, OR
  • Posts 840
  • Votes 1,316

@Naomi Moore congratulations on your success you’ve created. 

Post: 4 Million -- How to Make Most Money with It?

Todd PowellPosted
  • Rental Property Investor
  • Corvallis, OR
  • Posts 840
  • Votes 1,316

@Nathan G.My exact thoughts

Post: make your case: Stocks vs Rentals

Todd PowellPosted
  • Rental Property Investor
  • Corvallis, OR
  • Posts 840
  • Votes 1,316

@Casey Mayton oh, and I bought Amazon a couple of years ago for a high price of $1400 per share and now its more than doubled! Most of my stocks picks came from my advisor and son who steered me correctly!