I, like many used to think “newbies” posted questions or asked for “help” to obtain the best advice from experienced investors, obtain guidance on strategic alternatives, or get a qualified opinion on whether the latest hot guru was worth the $40k price of admission.But, I was WRONG.No, none of those reasons are why newbies come to BP.They don’t want to find out that their “revelation” about how to invest has been tried about 10 million times - with limited successThey don’t want to learn that without capital, knowledge and experience their willingness to commit weekends is near uselessThey don’t want our opinion that they should skip trying to wholesale and spend some time learning as a licensed agentThey don’t want advice that has them taking classes at community colleges or learning real estate law, finance, or principles.So WHAT do they seek when they come to BPThey want comfort, encouragement. and to be told their thoughts are correct.

So all depends on your goals.Syndicators like to syndicate bigger deals because points and fees are more. 30 million at 2 upfront fees charged is 600,000 dollars to a syndicator for one deal.

I also wanted to compare the 4 different example plans to each other and eventually develop a customized plan for myself.In doing so however I’m noticing that the numbers didn’t add up from Example Plan #1 $1 Million in Net Worth in Rental Properties.In the example there is a discrepancy in the numbers when moving from the end of year 3 to the end of year 4.

Just to give you an example of the type of thing you'd be potentially looking out for, if the community has a pool terrace planned and it's orientation in the new building would face directly towards your property, that could be a source of significant noise and disturbance for you/your tenants, and could make it much harder to sell your property once the new building is built and occupied.On the positive side, new apartment buildings cost millions of dollars to develop and build, and developers really only sink that much money into areas where they're forecasting rent growth and property appreciation for their investment.  

I paid $1'025'000 for it, then upgraded it. in summer of 2022 it was appraised for $1.15 million. now it is listed for $799k and there are no takers.I am facing a foreclosure on both of the remaining properties. 

Cabin will appraise at a little over a million (1,050,000) and we could sell it for 950k and still be happy on our end. 

A million dollar home with 30K in taxes for example.

Millions of cash tenants in Detroit and every other state in the country are hiding behind the Moratorium curtain and haven’t been paying rent for the past 6 months.

Property value around $1.3 million.

At least he has the excuse of pocketing millions.