Joshua Dorkin
The BiggerPockets Meet/Networking Page: How Can We Improve It?
16 May 2011 | 10 replies
That may be the first thing to address.Something that organizes local events in person would be the best IMO.
Mitch Kronowit
Funny real estate definitions
2 June 2011 | 12 replies
:D Real Estate Investor - Any of several unemployed individuals who spend the majority of their day painting and cleaning properties, staring at their computer monitors looking for deals, or talking on the phone to countless agents, contractors, lenders, etc. all for the express purpose of avoiding a "real" job.Tenant - A sub-group of life form that neither understands the basic fundamentals of cleanliness or operating a simple traditional stove top without causing over $500 worth of damage.Landlord - A multi-millionaire dollar narcissist who owns a phone that apparently never rings, an e-mail account that never receives, or a mailing address the post office never delivers to.Buy & Hold Investor (cash-flow) - A landlord who realizes after acquiring, rehabbing, and leasing several dozen properties, that he still doesn't have enough income to get off food stamps.Buy & Hold Investor (appreciation) - A speculator who holds onto his properties for several decades with the ultimate goal of making his great-grandchildren very wealthy.Note - Various discrete elements that make up music.Points - The sharp end of a nail or screw.Hard Money Lender - See "Loan Shark".Paint - An opaque viscous substance that exhibits the following properties, 1) costs far more than one would expect, 2) never looks the same on your wall as it did in the store, 3) covers half the area stated on the can, and 4) will only clean up with "soap and water" provided you add bleach, acetone, and sandpaper.Wholesaler - A mysterious sort of creature that makes large expensive purchases despite having no money whatsoever.Flipper - An overly dedicated individual who spends 2 to 3 months renovating property for a profit only to find they averaged $1.25 per hour.Motivated Seller - A rare and endangered species that has been hunted to near extinction by various investors, wholesalers, flippers, etc.Lender - An institution possessing a large quantity of capital not available to the public as there is more profit to be made in bank fees than mortgage interest.Asset Manager - An agent of the bank that couldn't tell the difference between a house and a shoe box.Foreclosure - The process a bank uses to seize a property from a homeowner and sell it for a loss rather than modify the loan and make a profit.Multiple Listing Service (MLS) - A large compilation of homes no longer available.Realtor - A member of an organization of real estate professionals open to several people who don't know anything about real estate.Bird-Dog - A motivated go-getter that performs 90% of a Realtor's services for 10% of the cost.Fixer-Upper - A term used to describe a house that only needs new paint, new carpet, a kitchen remodel, re-piping, re-wiring, several major structural repairs, and a foundation which requires a team of seismic engineers to fix.Turn-Key - A term that describes a "fixer-upper" (see above) that has been completely repaired and is available to an out-of-town investor for 20% above prevailing market rates.Contractor - A member of a special fraternity that shows up at your property to collect a check and at no other time.Appraiser - A professionally licensed individual with a tape measure, clip board, and camera who spends hours compiling a 30 page report telling you something you already know.Home Inspector - A guy with a ladder and flashlight who charges you $250 to inform you that you really need to speak to a licensed contractor (see above).Plumber - Somebody who gave up their medical practice in order to triple their earnings.Real Estate Guru - Somebody who gave up their plumbing business to triple their earnings.Bootcamp - A place would-be real estate investors go to part with the cash they could otherwise be using to purchase real estate.
Joshua Dorkin
Are you a paying BiggerPockets PRO member? If not, what would convince you?
1 June 2011 | 60 replies
A better user interface, with a more location aware ability would add value for sure.A more organized knowledge base.Standardized forms.Maybe an "Ask the expert" button.cheers,MC
Jason Davis
Finally under contract
6 July 2011 | 7 replies
In my experience, in this market, MLS exposure is a must to get qualified traffic through the property.
Steven Hamilton II
Ask your CPA...
1 June 2011 | 9 replies
I am often working with an attorney helping a client set up and organize their business.
Account Closed
Updated business plan
27 June 2011 | 13 replies
My personal labor "cost" for putting the signs up and removing them will increase, but I can't shy away from the potential traffic that can be driven from this source for the cost involved.
Manesh Hardeo
New Member in Atlanta
4 June 2011 | 11 replies
I'm a broker/general manager for Networth Realty of Atlanta and we're a professional organization that caters to real estate investors, both full timers and beginners alike.
Sean H.
You choose, I buy??
5 June 2011 | 11 replies
Commercial Proeprty Owenrship and Management --is lot differnet than SFR -- Risks are greater and rewards are greater Need to ahev Long Term Busienss Plan and Strategy- State or City - area of twon, type of property etc -- then do feasibility study -- population, income, age group, traffic counts etc- In Atlanta --there are many retial Centers available -- some vacant and some occupied-For example --have a Bank REO -- 80% occupied for $2.7 million -- 50% original mortgage -- Give some more thoughts and decide which direction to go -- Retial, Office Buildings, Office Condos, Warehosue - Distribution,Hotels etc --
McKellar Newsom
Becoming a Real Estate Investment Coach
24 May 2011 | 16 replies
You also get to select the speakers, make contacts, and stand in the deal traffic brought by your members.
D McCord
section 8
23 May 2011 | 3 replies
Now major safety issues will be addressed (like proper venting for gas appliances) even if they were legal back in the day.Keep in mind also that different Section 8 organizations/inspectors are not all the same in the stringency of their inspections.