All Forum Posts by: William B.

On another thread a guy apparently got a BAD deal. Everyone says they feel for him. I want to comment you need to blame yourself- who buys something in who knows where without flushing a toilet or seeing the quality of people walking the streets.

Yes you can tell the quality of people just by looking at them. Pants hanging way below the butt cheeks, for example indicates YUGE TROUBLE.

"YUGE" I love it.

1 Vote

Originally posted by @Dmitriy Bak:

Hey my name is Dmitriy Bak from the Vancouver/Portland area. I work in the construction industry and i specialize in carpentry. I found bigger pockets by hearing an interview with Josh Dorkin on the radical personal finance podcast. My goal is to start by wholesaling in my area and eventually get in to fix-and-flip, and along the way also acquire rentals. I have started by direct marketing distressed properties and absentee owners, and that where i am at now.

Good luck Dmitriy, Welcome.

0 Votes

Originally posted by @Gareth Fisher:

Originally posted by @William B.:

Originally posted by @Gareth Fisher:

For example when Brandon was having to convert his 1031 he was sweating balls every show about how he had to find a deal in x many days. I believe he said it came down to the wire. That he really struggled to find a deal. I would imagine with out his platform he wouldn't have. Now a few weeks later, he is going around saying how he is tired of people complaining about never finding a deal.

I'm not saying that to be critical. I'm just saying the market we currently are in it is very hard to find a deal. it's a sellers market period.

I believe Brandon was struggling to find a specific deal, not deals in general, he put some filters on the type of deal he was looking for that made it hard to find; A deal for a 1031 automatically increases difficulty. I just can't relate to your mindset it is problem fixated rather than solution oriented. If you haven't listened to the BP Podcast 274 with Paul Morris you should, especially minutes 40:00 through 55:00, very good insights on mindset.

So if I have a differing opinion based upon statistics. I have a poor mindset???

Show me statistics that a good time to buy real estate is in a 13 year high market.

FYI my mindset is fine there are plenty of other avenues to make money outside of buying real estate. You just can't say that if your on podcast focused on real estate investing. Now can you?

I mean all of that with all the respect in the world. I just don't feel it's right to criticize the comment that there aren't many deals out there. It's not complaining ...it's reality. There are plenty of metrics to back it up.

That being said rather then dismissing the statistics we should be talking about alternative strategies, and the risks associated with buying in high markets.

I agree with "talking about alternative strategies", I never said you had a poor mindset, I just can't relate to it. My perception is the view Paul Morris shares may be beneficial to you. Wish you the best.

0 Votes

Originally posted by @Gareth Fisher:

I'm not saying that to be critical. I'm just saying the market we currently are in it is very hard to find a deal. it's a sellers market period.

0 Votes

Thanks for sharing the story! Praise God, love hearing about Him working especially in the REI crowd. Will be praying for you and your family.

0 Votes

Originally posted by @Corey Allen:

Hi Nick. I'm new to BP, but I'm licensed in both OR & WA and could help you with writing an offer. Feel free to reach out if you want me to answer any questions.

Myself and another BP member's posts deleted for offering help to Nick, even though we weren't licensed agents or selling anything, just wanted to lend a hand, my point is expect your post to be deleted but don't take offense, I think it is just how their script for scrubbing works.

0 Votes

Portland, Oregon

Originally posted by @Lisa Thoele:

Originally posted by @William B.:

Paige, not familiar with the commercial side but I am asking a similar question for residential on this side of the Columbia, I am working on SFR flips Vancouver to Longview. I am very much interested in commercial but I don't understand it well enough to make a move into it at this point. Thanks for posting, I am fascinated by this topic.

^^^^ So much this! I would love to learn more about this strategy. I've looked a few homes zoned commercial but didn't know what to do with them. Super interested and following.

@Lisa Thoele, I am with ya on this. For me the interest in commercial real estate is about diversification, I would like to understand more about both commercial and residential and how they influence each other as well as have both in my portfolio.

1 Vote

Originally posted by @JD Martin:

My takeaway from this: buying what & where you know. I don't own a tenth of the units he owns (although I own just about all of mine completely, f&c), but I truly feel the reason I've done well is by sticking to his 3 rules, which I've never really thought of as rules as much as it's just what I've done - buy where I know, be sure it cash flows, buy value add. That describes pretty much all of my properties.

Owning free and clear is a cut above, an extremely conservative approach (which I love and aspire to do), I would love to have the cash to do so right now, for now it will have to remain a part of my long term strategy. Great job with your investments and leveraging conservatively to solidify your portfolio resilience. It will be a huge asset to sleep soundly when values drop again at some point and not have to worry about being over leveraged.

2 Votes

1 Vote

All Forum Posts by: William B.

William B. has started 3 posts and replied 56 times.

Post: Brrrrrrrrrr strategy in CRE Vancouver, WA

Post: Who are the best Turn key providers in the Country?

Post: Newbie from Vancouver, WA/Portland, OR

Post: BP Podcast: No Money? No Deals? No Time? No Problem!

Post: BP Podcast: No Money? No Deals? No Time? No Problem!

Post: Pumped about finding an Owner Financed deal....with a twist.

Post: Possible deal in Vancouver. Can someone help me with the offer?

Post: Brrrrrrrrrr strategy in CRE Vancouver, WA

Post: BP Podcast 274: 3 Rules Paul Morris Uses to Never Lose Money

Post: Brrrrrrrrrr strategy in CRE Vancouver, WA