Kyle Grimm
WHO ARE YOU? What do you do besides real estate?
7 November 2017 | 402 replies
That, or they invest consistently over a career and have a huge portfolio -- this is what I am trying to achieve, with the caveat that I want to forever retain the option to leave any career and live off the real estate income happily should that be my preference.I work at BiggerPockets and while I invest consistently in real estate, I believe that I will create most of my value professionally through my career here, as will be the case for most of the middle and upper-middle class employed users of BiggerPockets.
Account Closed
Why Brethren of the Buy & Beholders Church want to burn a heretic
5 July 2017 | 47 replies
Instead of throwing away the 40 to be left with only 60 - spend the 40 on deductibles or at least retain it, leverage it with a gearing ratio of 4 to 1 and still borrow the 60 for personal needs.
Karen Coffelt
Newbie wants a better life
23 November 2017 | 99 replies
I will be talking about how my partner and I are finishing up on a deal where We put about $2400 into the deal and my partner and I will each be getting Back around $23,000 tax free (tax deferred) in a couple of weeks, plus we will be retaining a cash flowing property that will each give us an additional $50,000 or so over the next five years.The meet up is free.
John Park
What do you do with Cashflow?
18 January 2018 | 34 replies
If you have a day job and don’t need that money, then the strategy I’ve used is to keep the money in an account and combine those “retained earnings” with savings from my day job to more quickly pick up the next property.
Account Closed
Grunt work
23 November 2015 | 5 replies
Conversely, if the property were to sell for more than the outstanding debt, the mortgagor/borrow would retain the surplus.
Account Closed
What qualities would make you partner with a inexperience REI?
8 November 2015 | 4 replies
You retain control of the big ticket items: Large capital decisions, refinances, dispositions, etc.3.
Account Closed
Why is building capital more important than cashflow?
2 November 2015 | 14 replies
In any business, the goal is to build capital, also called retained earnings or owner's equity.
Timothy Church
Series LLC syndicating business structure
25 December 2016 | 13 replies
I have them on retainer so that if any issues do arise, we are prepared.
Maya Torres
Lawyer recommendation to sue property management company
22 June 2022 | 7 replies
@Sean Rooks Unfortunately, we've had a LOT of investors come to us after being screwed by their previous PMC:(The challenge is, most attorneys are going to want a $5k+ retainer fee to start a lawsuit.So, the price to recover a few hundred, or even a few thousand dollars, can get pretty steep.Also, check your PMC contract as many now have arbitration requirements.
Dakari Mitchell
How do you get money to buy your first multi family dulplex
26 November 2018 | 32 replies
Make as much as possible and retain as much as possible all the while educating yourself