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Results (10,000+)
Charles A. Crystal Ball 2020
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.
Oye Dosumu Buying my First Multifamily in Boston
22 January 2021 | 34 replies
However, its safety first for me and my future tenants so I keep that out of my search.. kindly let me know your thoughts on that area.
Matt Giesey Garfield Heights POS Inspection
24 November 2020 | 5 replies
If five inspectors went through the same house, you'd likely get five different reports. 2: Inspectors (as a whole) are concerned primarily with health and safety issues.
Kelvin Lee City of Portland Releases Final Draft Tenant Screening Ordinance
11 September 2018 | 9 replies
At the end of the day, it is a personal choice between quantity ( for example, owing 10 plus units of Class C, better safety net but constantly hammered by low income class backed by the City of Portland policies) or quality ( for example 2 plus luxury apt rented to well-educated tenant, good occupation and careless about relocation fee, rent control, non-cause eviction etc.)
Melissa Haworth The Hardest Part of Flipping
30 November 2023 | 40 replies
A Contractor can write his draw schedules to keep on par with execution benchmarks though, done properly this provides safety for both parties.Investors; have you ever looked up this information?
Kristi Kandel Affordable Housing - Columbus, OH - Human Trafficking Survivors
4 December 2023 | 1 reply
The efforts that projects of this nature take are massive but the results are more than worth it. https://www.dispatch.com/story/news/2023/11/27/columbus-home-for-human-trafficking-survivors-harriets-hope-to-open/71625032007/One-of-a-kind home for human trafficking survivors to open next month in ColumbusDanae KingColumbus DispatchOn Friday, survivors of human trafficking will walk into their brand new home: a place where each fixture and detail was chosen especially for them by fellow survivors.The home is Harriet’s Hope — named for abolitionist Harriet Tubman — a 52-unit housing community that can host multiple families and was designed specifically for human trafficking survivors.The one-of-a-kind community comes out of a public-private partnership that brought together Ohio Attorney General Dave Yost; Columbus Metropolitan Housing Authority (CMHA); CVS Health and OhioRISE, the CVS/Aetna-owned Medicaid program; Beacon 360 Management and many others.The Dec. 1 opening of Harriet's Hope, a community on Columbus' West Side whose exact location isn't being shared to protect survivor's safety, was announced at the Ohio Statehouse this morning.A call to actionThe project started a few years ago as a vision of Celia Kendall, the CEO of Beacon 360 Management, a nonprofit real estate developer and management firm based in Columbus with 28 communities across Ohio.Kendall got the idea for Harriet's Hope after being unsettled by what she saw doing street outreach with women being trafficked six years ago."
Egbavwe Pela Reverse Mortgage Sale
3 December 2023 | 1 reply
If this is true, would I be better off using an FHA mortgage to get the FHA appraisal (which is more strict when it comes to safety)?
Darryl H. Expectations for BRRRR in Columbus OH
2 July 2022 | 17 replies
When I was just starting in real estate (and I had no financial safety net), I wouldn't buy a property that had less than about 800-900/mo cashflow--and, having experienced all the costs of running rental properties, I'm glad that I stuck to that rule...  
Zach Jones How are you able to create positive CF in this high interest market?
13 November 2023 | 45 replies
They have to satisfy their investors who are more concerned with safety then large returns. 2. 
Peter Rocca Mexico anyone?
10 April 2020 | 14 replies
Compared to the rest of Mexico, The Yucatan is a paradise of safety.