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18 November 2018 | 297 replies
Based on his description I think it was the animals, not the hoarders, being buried alive.Awesome rehab...with all the emotion that comes with purchasing a personal property for most people I can see how an air test would be a great solution to calm some fears of future issues arrising.
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30 November 2023 | 2 replies
As in all things in life (like choosing a spouse)for instance, it's incumbent upon us to examine our individual personalities regarding whether a proposed partnership would be a good fit or a disaster in waiting.In 2007, when I lost more than $130,000 in the stock market,I learnt a permanent lesson that stuck with me till today.I discovered that I was a control freak.I needed to always know how my actions directly related to my results, and most often like to retain the ability to change my mind even if others would find such reversal a stupid idea.Seeing how much control I didn't have on how my stocks performed in 2008 despite all the information I had consumed for several months regarding value investing and how to analyze a company's fundamentals scarred me for life.It made a real estate investor out of me.The safety and assurance that I was taking sole responsibility for the calls i made and the risks I decided to take was a calming refuge.Having been a Pro-member on BiggerPockets for as long as I've been has its perks.It gives one a front row seat to see in slow motion the interesting evolution of the component parts that make up this mammoth industry.I watched in amusement as one member arrived as a total newbie in 2018 with a welcome post, voraciously consuming unsolicited counsel on the member forums for a few months and then posted a "success story" of his deals after 6 months.Within a year, he had his own podcast and is now buying large apartments as a syndicator pooling investors' money.To be clear, this is not a hate post.I certainly do not begrudge people "crushing it" in record time.Nonetheless, as a 'senior' member of this community who has seen this movie before,I do feel a lonely cautionary voice in the wilderness is needed at this point.We are in an environment of unprecedented cap rate compression and record low interest rates which is only headed in one direction after this is all over.Yes, make no mistake, the music will soon stop.That has very little to do with an upcoming election and is regardless of who wins the White House or who controls congress after November.If you've listened to Kevin Bupp and Rod Khleif, you know what happened to their portfolios in 2008.These were no amateurs, as a matter of fact, they had many years of investment experience when the music stopped.They both weathered the storm and came back stronger and that is why I remain a shameless fan of both men till today.Several others were not that lucky, and you will never hear their names.In this space today, there are investors and there are educators.The educators have taken over the habitat.That is why there are now more podcasts on real estate than I can get through in a working week.Real Estate education is so very lucrative now that it is possible to make way more money from podcasts and books than in actual real estate investment for some gifted marketers with smooth tongues and gifted content creators.We are in the information age after all, and youtube millionaires are now perhaps outpacing patient real estate buy and hold landlords in the passive income/ cash flow game.Belonging to a $25,000/year mastermind and attending a syndication bootcamp does not insulate anyone from catastrophe.
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1 December 2023 | 3 replies
Your budgets very tight as well as a waterfall analysis for equity distributions. 3.
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4 December 2023 | 3 replies
Any insight I can give him to calm the fear of the “boogeyman” due on sale issue?
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19 January 2024 | 0 replies
It's not about waiting around passively; it's about strategizing, observing, and waiting for the perfect moment to strike.While your opponent rushes and makes mistakes, you stay calm, assess their moves, and find their weaknesses.
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24 April 2021 | 99 replies
The market has basically peaked for rents and appreciation.. which is a good thing its the natural cycle it will be fine to keep everything calm for a few years..
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20 January 2024 | 2 replies
The ice comes from both the snow on the ground, but also as the roof melts, its water falls to the ground and freezes as the temperatures drop at night.
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25 February 2019 | 36 replies
We just tried to introduce her to the sounds and kept her calm during the sounds - and gave her treats after the noises when she was quiet(er).
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13 March 2023 | 11 replies
Also pools are a big liability with rentals, especially one like that with all kinds of dangerous potential jumping places (roof, top of waterfall, slide stairs, etc.)
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21 January 2024 | 52 replies
The SF purchaser can beat this LP guy easily.But if you are GP to the same deals than in theory your return is 10 more than LP, than in this case your return is way higher due to pref/split/waterfall/etc/etc ....Here's some data, this is adjusted return benchmark for Apartment for last two years.