Blaison Samuel
Any J.T.Foxx Students Here?
19 June 2024 | 7 replies
@Blaison Samuel No, but a simple Google search reveals someone who has bought a ton of domains, all with the keywords "J T Foxx complaints and J T Foxx lawsuits" ......possibly an attempt to bury any criticism of the fact that there was a lawsuit alleging sexual harassment of a minor, or comlpaints of him charging up to $60,000 for whatever it is he does.http://www.bizjournals.com/prnewswire/press_releases/2012/08/24/LA62361Does that help?
Golan Corshidi
Is investing based on appreciation a recipe for disaster?
25 June 2024 | 125 replies
Investing in class D areas may feel like instant (cash flow) gratification, but will not get you very far.
Jim K.
For newbies and the BIG MEANIE INVESTORS in the BiggerPockets forums
20 June 2024 | 69 replies
Of course I realize lots of people grew up poor, or discriminated against, or had childhoods of divorce or drug abuse or sexual abuse or other things.
Edgar Gonzalez
Using Home Equity for Real Estate Investment
17 June 2024 | 9 replies
We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!
Alessa LeSar
I'm ready to strategize!
16 June 2024 | 27 replies
The hard part will be staying focused and delaying gratification without losing enthusiasm in the middle.
Nicholas Lilly
How To Break Residential Lease Agreement in Texas
10 June 2024 | 1 reply
Landlords cannot evict tenants or threaten to evict victim tenants for domestic violence, abuse, or sexual assault.
Don Konipol
Top Ten Questions Asked On Bp That Have No Chance Of A Beneficial Answer
10 June 2024 | 35 replies
Quote from @Evan Polaski: If only the people asking these would SEARCH the forums first to either:A) Find this post and know to not askB) Find any of the multitudes of posts that attempt to give an answer to those questions.And I love any of the ones around LLCs, bank accounts, what should I name my LLC, should I register in WY, etc...Lastly, while I get the point of #4, I have to say, if these were a real question, I would be less apt to ignore it, since presumably some amount of work as gone into understanding real estate enough to put together a business plan AND there is something tangible to provide commentary on.This is because this generation is the "immediate gratification" generation.
Marcus Auerbach
Newbies: investing is not rocket science - don't let the gurus tell you otherwise
11 June 2024 | 116 replies
Or you buy try to buy the equivalent house distressed and do the work to get it to median.This is certainly a delayed gratification strategy.
Jacob Shumate
Difficult Tenant in House Hack
7 June 2024 | 3 replies
I chalked it up that he was going through some personal stuff but would not be renewing his lease, his lease ends on the last day of July.Well, a month went by and then I got to wake up to another large unhinged text of him accusing of another tenant of mine of a disgusting and sexual act in the bathroom openly in the household's group chat.
Jim K.
LIMITING BELIEFS: Which ones have you struggled with?
5 June 2024 | 10 replies
The biggest hurdles, obstacles, and challenges in life that limit your belief and mental structure in no particular order:1)Thinking where you start is where you finish.2)People resting or stopping in the middle, not at the end. 3)Prioritizing instant gratification rather than delayed gratification4)The controversial mark twain quote or not quote--It ain't what you don't know that gets you in trouble, it's what you know that ain't so.5) The lack of an ability to move on.6) Not appreciating the power of delegation.There's probably 2-3 others I am missing, but over time these have rang so true in any instance I have faced in life.