All Forum Posts by: Bob McIntosh

I don't think it would hurt... Personally I wouldn't use it, but then no one really cares what I have to say anyway ;P

I think it would be cool to be able to post deals that you have completed in your profile. Give the numbers (if you want to). This would allow us to better judge someone's experience and could be very educational to investors in or around the same area.

There are certainly some cheaper area's outside of where I live, probably more of a 45-60 minute drive to get there simply because of traffic (only maybe 20 miles or so). I have been looking there as well now since I have resigned myself that at this time I can't afford where I live, but once I get things rolling I will be able to.

As far as the deals in the 800k-1mil range, they are truly more profitable because anything much less than that is mostly single units or in a very rough neighborhood. Once you get to that range you get the multi families which are much better deals in terms of cash flow.

Well I have been reading about a Nevada corporation with a foreign registration in the state in which I am holding the properties. There are several advantages I have seen to incorporating their for asset protection.

Any thoughts?

You can try these which are all free i believe:

www.fsbo.com
www.forsalebyowner.com
www.hotpads.com (generally more for rentals but they have sales as well)

I know there are some more out there that I have seen but those are the ones that stick out in my mind...

Although with Ford posting a $100MM Quarterly profit this last time around, that *may* start to change... but I still would agree with what everyone has said here and stick local to begin with...

http://forums.biggerpockets.com/viewtopic.php?t=18244

I am very interested in development as well, however at this time knowing nothing about real estate I felt it would be better to spend some time in other easier to enter area's of real estate (i.e. flipping, and renting). From what I understand of developing you need to have an awesome team put together from all kinds of different expertises. I figured that as I do the other stuff I will learn about development, put together my team, and when the time is right I can side step into it...

OMG!!! its kind of hilarious, but kind of sad at the same time... who would do that to their tenants.... it reminds of the movie Duplex with Ben Stiller and Drew Barrymore :P

Correct me if I am wrong on this, but if it came down to that couldn't you always refund them the rest of the money for the difference and negate that situation?