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30 November 2023 | 14 replies
. - Propstream/Batch Leads: Always a fast and reliable source for download buyer lists and contacting them. - InvestorLift: Expensive but very effective - Bandit Signs: Have someone local to the market you're operating in place some bandit signs around town with a message about needing cash buyers.
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19 September 2023 | 2 replies
Free webinar/downloadable content > Low-cost subscription to have access to a community/group > higher-cost in-person event > course > mentorship/coaching (usually highest ticket price).I've purchased courses, hired coaches/mentors, and paid for monthly subscriptions.
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28 August 2022 | 77 replies
If it's about singers and movie stars, they are 99.9% irrelevant.
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18 November 2018 | 297 replies
This house could probably make a lot more money for you if you just flipped it to a Hollywood director for his/her latest horror movie.
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30 November 2023 | 2 replies
As in all things in life (like choosing a spouse)for instance, it's incumbent upon us to examine our individual personalities regarding whether a proposed partnership would be a good fit or a disaster in waiting.In 2007, when I lost more than $130,000 in the stock market,I learnt a permanent lesson that stuck with me till today.I discovered that I was a control freak.I needed to always know how my actions directly related to my results, and most often like to retain the ability to change my mind even if others would find such reversal a stupid idea.Seeing how much control I didn't have on how my stocks performed in 2008 despite all the information I had consumed for several months regarding value investing and how to analyze a company's fundamentals scarred me for life.It made a real estate investor out of me.The safety and assurance that I was taking sole responsibility for the calls i made and the risks I decided to take was a calming refuge.Having been a Pro-member on BiggerPockets for as long as I've been has its perks.It gives one a front row seat to see in slow motion the interesting evolution of the component parts that make up this mammoth industry.I watched in amusement as one member arrived as a total newbie in 2018 with a welcome post, voraciously consuming unsolicited counsel on the member forums for a few months and then posted a "success story" of his deals after 6 months.Within a year, he had his own podcast and is now buying large apartments as a syndicator pooling investors' money.To be clear, this is not a hate post.I certainly do not begrudge people "crushing it" in record time.Nonetheless, as a 'senior' member of this community who has seen this movie before,I do feel a lonely cautionary voice in the wilderness is needed at this point.We are in an environment of unprecedented cap rate compression and record low interest rates which is only headed in one direction after this is all over.Yes, make no mistake, the music will soon stop.That has very little to do with an upcoming election and is regardless of who wins the White House or who controls congress after November.If you've listened to Kevin Bupp and Rod Khleif, you know what happened to their portfolios in 2008.These were no amateurs, as a matter of fact, they had many years of investment experience when the music stopped.They both weathered the storm and came back stronger and that is why I remain a shameless fan of both men till today.Several others were not that lucky, and you will never hear their names.In this space today, there are investors and there are educators.The educators have taken over the habitat.That is why there are now more podcasts on real estate than I can get through in a working week.Real Estate education is so very lucrative now that it is possible to make way more money from podcasts and books than in actual real estate investment for some gifted marketers with smooth tongues and gifted content creators.We are in the information age after all, and youtube millionaires are now perhaps outpacing patient real estate buy and hold landlords in the passive income/ cash flow game.Belonging to a $25,000/year mastermind and attending a syndication bootcamp does not insulate anyone from catastrophe.
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16 August 2017 | 18 replies
Upcoming and going forward a Snow log is good tool to have for your properties,, lists when snow / ice fell how much and when it was removed, and walks salted and done by whom and at what time.Part of our regular format for winter, you can download a easy to use form and give your person that handles the snow a copy he turns it in weekly..
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13 August 2017 | 11 replies
Also, if you are going to be a landlord, download your state statutes and know them.
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1 December 2023 | 10 replies
I wonder who's going to play you in the movie version?