All Forum Posts by: Bill Coleman

@Kenneth Hynes I just met with a realtor via BP yesterday and he told me that banks only consider the income stream from a rental after about 2 years. He said that in some cases, some banks will only need 1 year of rental income. So that would mean Hans would have to manage the property for 1 - 2 years before he could qualify for the VA loan. Unless of course he had a big enough salary that the condo payments were inconsequential. If I am off base, please feel free to correct what I am saying.

By the way, I am faced with a similar question as Hans - how do I best allocate the funds that I have. More houses with higher debt or fewer houses with lower debt. It's an interesting discussion because I would have assumed that maximizing leverage would be the black and white, no brainer answer.

Thanks for putting together the schedule. I am assuming that there is no need to RSVP. please provide info if we do need to RSVP. Looking forward to meeting some of the people behind the posts.

thanks for the generous offer. I live in Westminster so that works out well.

I found out that listening to the BP podcasts while you exercise on the treadmill or on the bike trainer allows you to get in your workout while being productive! I also listen on my way to work in the car to maximize my wasted time.

If you have a smartphone, just grab your headphones, search for the podcasts via iTunes and listen away.

Thanks for the note. I'm just getting warmed up! I plan to be very involved in the BP community as I think it is an amazing resource. I am slowly working my way through all the podcasts which are excellent. They are great to listen to on the bike trainer.

Hey everyone. I used to own rental properties years ago when I lived in DE. I sold them all because I saw more potential in the stock market, then the bubble burst, but that's another story.

I'm getting back in the game with a new strategy. Buy and hold (maybe the occasional flip for fast cash), cash flow investing. I want to generate cash flow to reinvest so that I have a sizable RE portfolio to retire on. Still have 25 years before that happens. Setting an initial goal of acquiring 2 properties a year.

I need to form my investment team here in Denver as I just moved here from NY. If you are a professional (lawyer, accountant, mortgage broker, agent, etc) I am interested in hearing from you. If you are a professional that does not actively own and invest in real estate, then I do not want to hear from you (harsh but it will save us both time). I am open to mentorship opportunities as well. I mentored graduate students and high school students many times and it was always rewarding.

Hope to hear from you all. Love Bigger Pockets!!!!