All Forum Posts by: William Glass

I'm in a similar position to you except, I've moved out of my first property (a duplex in Florida) and am now living in NYC. With prices in NYC I am a renter, but am looking at quads up to 10 unit buildings in Southwest Florida. There is a good mix of neighborhoods in Southwest Florida that offer options and since I'm not living in the units it changes my way of investing. 

Good luck on your search! 

@John Jacobus That's awesome! Let me know when you have that confirmed and I'd love to join. 

@Quito Keutla Absolutely! Will post key takeaways after this year's meeting.

@Caleb Heimsoth Besides my quick search on Wikipedia just a few minutes ago I was not familiar with the Clayton Home allegations. To that point Buffett last year answered a question regarding the Wells Fargo scandal that I think applies in this case. With how large Berkshire Hathaway is as an organization and the sheer number of people they employee there is almost certainly bad actors. The question is are those outliers or is the incentive structure set up to reward the bad behavior. Once that bad behavior is identified then does management swiftly act to combat it. 

Buffett doesn't oversee day to day management operations and relies on the managers he has to run their own companies. Another comment from last years meeting was around how some of the subsidiaries don't offer inexpeinsive index funds in its 401k plans for employees which goes against the advice Buffett gives. He made that comment that HQ doesn't mandate to its managers how to run its business and he hopes that those managers listening will hear what employees are saying. 

His style is to invest in good companies at a good value and then enable them to be successful.

@Robert Ashline I've worked with Deneise Fondren in the past. She is great and knows investors send out a lot of low usually not accepted offers. Happy to make introductions if you'd like.

@Katherine Nally so funny! I grew up in Birmingham. Good luck and I'm sure you'll figure it out.

@Bill F. That's exciting! We'll have to get a meetup organized with all the BP folks if there isn't one already planned. 

What made you decide to go this year?

Thanks @Mindy Jensen ! I really appreciate the advice. 

Do you know if BP will be doing a meetup this year? I heard there was one last year, but I missed it, unfortunately. :/

@Katherine Nally 

@Cassi Justiz is right. Get pre-approved now and start looking at properties. Most people don't typically get the first property they put an offer on and online pictures can be deceiving. Look at properties on the weekend. Get pre-approved so you know what you can afford and what numbers look like so you can assess if a property is a good deal. 

Don't worry about telling your employer yet. You have many other hurdles to go through first. It is good you have started thinking of possibilities with them, but communicating with them and worrying about timelines for a non-existent deal is premature. 

You are headed in the right direction though! My first property was an FHA duplex in Fort Myers. One step at a time and make sure you know your numbers. Good luck!

@Katherine Nally 

@Cassi Justiz is right. Get pre-approved now and start looking at properties. Most people don't typically get the first property they put an offer on and online pictures can be deceiving. Look at properties on the weekend. Get pre-approved so you know what you can afford and what numbers look like so you can assess if a property is a good deal. 

Don't worry about telling your employer yet. You have many other hurdles to go through first. It is good you have started thinking of possibilities with them, but communicating with them and worrying about timelines for a non-existent deal is premature. 

You are headed in the right direction though! My first property was an FHA duplex in Fort Myers. One step at a time and make sure you know your numbers. Good luck!