Jessica Murff
Newbie from Columbus, OH
28 February 2008 | 5 replies
Mainly interested in Wholesale first to get started but am interested in commercial, lease options, and when I grow up :shock: Land Development sounds really fun!
Account Closed
What I like about the new BP site
28 February 2008 | 3 replies
We grow from ideas even if the ideas are found in unrelated places.
Kevin D
Q: Likelihood of Com. REI w/o good credit?? ie IRS tax liens
18 March 2008 | 7 replies
Hence there is room to believe that you can grow your way out of the situation.I spent some time with a Chicago investor who has IRS liens and yet he was able to some some commercial deals.
G W
Multi Units: More Destructive Tenants? What's To Be Expected
10 March 2008 | 8 replies
However your risk grows by the number of units you have.
Jeff Weissman
Can self-directed IRA buy/sell real estate?
20 June 2012 | 9 replies
Now if you ask me, there's NOTHING that's unrelated to making my IRA grow, but, hey, they didn't let me write the rules.
Perez Charlie
Anyone knows any prevention against identity theft?
12 March 2008 | 5 replies
nothing you can do about their data bases, your ssn and your shredder play no part to this epidemic... yes it is the fastest growing crime in the world right now, but less than 25 percent of it is finanacial, and most identity theft protection will only cover financial, and by cover i mean monitor, when the identity is stolen, they will send you a kit that will literally take you hundreds of hours to restore your identity!
Andy Parsons
avoid ACS credit repair
21 July 2011 | 5 replies
Either You need to get it in writing per a contract with the collection agency that they will remove any and all instances of their company from your credit report after you pay them orThe option that best works for you…negotiate with the original creditor with the same contract.
D S
new MBA, six figure JOB, good credit/no bills, REI strategy?
10 March 2008 | 7 replies
I'll prob work 50-60 hours/week at the JOB with a very stable firm and I expect I have some super solid upside options there.My parents had 2-3 rentals when I was growing up, I worked for a property manager before while in undergrad, ran a successful painting contracting business, am solid at negotiating and selling, have spent my share of time in rough neighborhoods, but I'm concerned I may be too much of a nice guy to ever get too good at evicting poor people.
Greg P.
How do you maximize your cash buying Rentals and not getting stuck?
18 September 2011 | 6 replies
You can take an apartment building with problems say 40% occupancy and deferred maintenance and bad tenant mix and management problems and use commercial hard money.You will have to figure in the high debt service while turning around.Once stabilized you will refinance out at the new value up to a certain LTV.Take the money and do it again.The larger the project the more the potential ARV spread after stabilized but the more risk.The larger projects take more time to turn around so the churn rate on the money is slower.What happens and I have seen this is people run out of money and the property is taking longer to stabilize than thought.Then you have some money left but not enough to take down a property yourself until you unload this other deal you bought or refi.You then start partnering with different people on different projects which can lead to a mess.You don't just want to grow out of impatience or doing more deals and then get involved with the wrong people or overt extend yourself.You want smart,well thought out,controlled portfolio growth that is highly calculated.
Ali Shah
Rehabbing Questions
18 September 2011 | 3 replies
For instance, we have done a flip that was almost a complete gut job and we have done a flip that was basic cosmetic work.