27 March 2020 | 3 replies
Here's my quick brainstormHow I would find a mentor:1)Attending a local real estate clubs2)Attend real estate investment focused educational classes (not get rich quick road shows)3) Look up and research real estate records, news articles etc. of local real estate investors4) Work for a real estate office/broker/agent who invests or works with investors5) Join & volunteer at social service organizations, charities etc that known investors in the area belong.
30 March 2020 | 6 replies
Are you a good communicator?
5 April 2020 | 3 replies
The whole situation sucks, and I have been communicative to the tenants, no matter what I do they always feel empowered and me without options.
29 March 2020 | 2 replies
Communication is so important in just about everything, that I thought I should point that out.
1 April 2020 | 33 replies
We have a good line of communication and they are very appreciative of where they live- so I don't fear the "decided not to pay."
26 April 2020 | 47 replies
I actually attended a REIA meeting last year (I won't say where) in which the presenter, the "voice of experience" for that group, got up and encouraged investors to endure negative cash flow for up to 3 years on the insane promise of inevitable wealth and riches to be made sometime in the future.Made me sick to my stomach to watch.
29 March 2020 | 2 replies
I can't see how opening communication with a lender could ever be "too soon".
13 April 2020 | 34 replies
I bought a total gym and putit in my living room, so I use it while I listen to bigger pockets or and audio bookI have also read again Rich Dad Poor Dad, the Richest man in Babylon, Think and Grow Rich among othersI also agree that is hard to derail since we have kids in the house all day and they need attention also, but I allow myself to get off track from my self improvement routines because I can get back on track after a day off.I think it is great to hear from other people, it gives me motivation to keep going!!
29 March 2020 | 1 reply
“Previously, if a married couple had depreciation deductions that exceeded their real estate business income, the couple could claim that "loss" to write off taxes on a maximum of $500,000 in income from other sources, like wages from a day job.Under the change, our rich taxpayer couple -- and this applies only for individuals, not corporations -- can now deduct an unlimited amount of "excess losses" in real estate against income from other sources.
31 March 2020 | 7 replies
Originally posted by @Rich Hupper:Covid 19 is a bad case of the flu blown out of proportion by social media, the dinosaur media, and the fact that our society as a whole is hypersensitive to everything.Agreed.