My lawyer advised me against buying a property that is being wholesaled. She said if the person doesn’t own the property don’t buy it. What are people’s thoughts?
Can anyone offer actual insight into this whole mess with Tom Krol and Vincent Polisi?
Ive spoken with Tom before and he seems like a decent guy. I just want to be sure that before I move forward I'm not doing anyth...
Looking to buy a property in Fort Walton Beach. I’m in the military, and will be moving again in about 15 months. Currently renting, but was really debating buying a beach front condo in Okaloosa island to live in for...
I just received a phone call from OneRent after I post my rental ads. This property management company says they charge for 5% and rent is guaranteed due on the first of the month. I read review from yelp and it sound...
Back in November (2014) I closed on my first REI property. A 'turnkey' duplex in Chicago. I went with a well-known turnkey provider and posted initial updates in this thread:http://www.biggerpockets.com/forums/92/to...
I am a newbie... stuck in analysis paralysis. I "know how" to find the homes, how to possibly contact the owners, how to locate / assign contract. But all of this is from books and podcasts. I need to get in! My famil...
I used Bill Bartmann's 9-Step Goal Setting plan he wrote about in 'Secret's to Success.' What is interesting is that the 9th step is 'Taking Action.' This is where most folks drop off when looking to become note inv...
Good morning everyone!I wanted to write a quick post about recent experiences and lessons I have personally gone through regarding doing work yourself in your property vs. hiring it out and the pro’s and con’s that co...
Hi all,I'm practicing by running numbers on a diversity of potential properties. When I run my numbers on SFHs with rents >= $900/month my cashflow ends up >$100/month, but when I go down to around $700/month th...
Rich vs Wealth
As I have been taught, the difference between rich and wealth is rich people work for money; wealthy people have their money work for them.
To illustrate, some professional U.S. athletes ...