23 August 2017 | 93 replies
@Alex Young - Shifting your mindset is really the key to taking more meaningful action.
4 January 2018 | 57 replies
Here's a first stab at a list for those of us that aspire to be competent and confident in the realm of personal finance: Less than a month: Emergency - one bad day from homelessnessOne to three months: Urgent - a moderate amount of bad luck from homelessnessThree to six months: Whew - The baseline of being able to sleep soundly at night, still in all-out hustle modeSix months to two years: Satisfactory - no longer afraid continuing to support one's self/family if job/business is lostTwo to five years: Well-off, Investments are just starting to produce meaningful amounts of supplemental incomeFive or more years: Confident - Investment income may be even more than most people's salaries25 Years or more: Financially Independent - even with the conservative 4% Safe Withdrawal Rate$100,000 more passive income than one spends to support their lifestyle: Wealthy$500,000 or more in passive income above and beyond what's needed to support one's lifestyle: Ultra WealthyThoughts?
22 February 2018 | 51 replies
If you could provide information on the approximate size (number of units), location and whether you are looking for an active or passive investment would make the responses more focused and meaningful to your situation.If you are looking to invest passively in 100+ units, my suggestion is to seek a few good syndicators who accept non-accredited investors or look at some of the crowdfunding sites (look here for more details - https://www.biggerpockets.com/forums/432/topics/38...)If you want to participate at some degree, find a syndicator who you can add some value to and see if they will give you some small share of the GP partnership.
3 April 2018 | 71 replies
Not having an angle or anything to sell, not being a pro, etc I think allows me to speak meaningfully about what charges are fair, what advice is sound, maybe some ideas to try out instead.
1 February 2019 | 38 replies
The truth is, I have a savings account I transfer the 10% to, and do not necessarily give it/ make a donation right away (the account has a few thousand currently) because we don't like to give to just any cause out there, choosing the ones meaningful to me.Also, can you clarify what it means 'when I have no use for it' (the money)?
6 June 2021 | 136 replies
I avoid that era of house, unless it has had some meaningful renovation: Updated electric, plumbing, hvac, windows and exterior work.In conclusion, out of state investors should not be buying class C properties.
10 February 2021 | 96 replies
It's also helpful to remind myself that luxury is not the end-goal (at least for me) but pursuing meaningful projects.
30 July 2019 | 84 replies
In order to make any meaningful progress in RE it takes money.
9 October 2019 | 145 replies
The only maintenance I had to do was oil change, spark plugs and tires.
25 April 2020 | 22 replies
@Christine Sparks I'm also interested in attending any local REIs if anybody is planning on organizing a meet up for LA investors!