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14 March 2016 | 29 replies
. :) I'm really digging the 'vibe' of BP as opposed to other investor communities like fat wallet etc..
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21 May 2015 | 2 replies
What is the best way for me to have full control over the property long enough to successfully put the deal together and protect myself from:- The attorney who looks at the contracts and sees the fat profit I'm about to make and decides he can afford to risk a bit of money so he steals the deal from me- The broker who gets wise to what I'm doing and convinces the seller to sell to him instead- The tenant/end buyer who feels like they would save money if they just wait until my offer to purchase contract expires so they can go directly to the seller and cut me out of the deal - The seller who gets jealous as soon as he figures out what I'm doing and how much I'm going to make, and cancels our contract or provides more red tape so that my contract to purchase the property expires and he can rent or sell the property for a bigger profit.
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21 May 2015 | 1 reply
What is the best way for me to have full control over the property long enough to successfully put the deal together and protect myself from:- The attorney who looks at the contracts and sees the fat profit I'm about to make and decides he can afford to risk a bit of money so he steals the deal from me- The broker who gets wise to what I'm doing and convinces the seller to sell to him instead- The tenant/end buyer who feels like they would save money if they just wait until my offer to purchase contract expires so they can go directly to the seller and cut me out of the deal - The seller who gets jealous as soon as he figures out what I'm doing and how much I'm going to make, and cancels our contract or provides more red tape so that my contract to purchase the property expires and he can rent or sell the property for a bigger profit.
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25 May 2015 | 6 replies
"Live and sacrifice like you do today, to live like no one else can in the future." - UnknownTo pursue playing more music as I sing in a Classic Rock and Blues Band.
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24 May 2015 | 18 replies
My buyers are lucky that I even offer them any of the profit-I could just close & build all the deals myself.Whatever price you believe is a good deal, and the best you can offer, just stick with it.Many of my big fat assignment deals end up being split several ways for the referral partner and often daisy chain of wholesalers to get the deal done.REMEMBER THIS-That wholesaler has proven his ability to produce a GREAT DEAL and will probably be a GREAT SOURCE OF DEALS for you going forward.
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26 May 2015 | 3 replies
I am trying to take it slow but also gain as much knowledge as I can in a short amount of time.
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14 December 2015 | 12 replies
To review, good practice is to use a corporate entity with liability insurance, keep it up to date, don’t co-mingle personal funds or the entity will be disavowed for asset protection, secondly, use single-asset entities to avoid one problem wiping out all your assets, and third, incorporate trusts for an added layer of privacy from greedy sharks looking for a fat kill.Something to ponder: Trusts are Personal Property, real estate is Real Property.
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1 January 2016 | 7 replies
Replacing that entire pool would cost way more than $40k, otherwise they would have considered that option - however the problem your dealing with can be curbed by resurfacing if they say it can. In
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28 December 2015 | 4 replies
For an apartment, I try and put everything I can in the tenants name and so far haven't run into any push back.
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5 January 2016 | 13 replies
But I do try to apply aspects where I can in my investing.