All Forum Posts by: Bruce D. Kowal
Bruce D. Kowal has started 37 posts and replied 273 times.
Post: Connecticut (CT) Mortgage Lender/Broker Referral
- Metro NY + New Bedford
- Posts 276
- Votes 199
Join Meetup, and use their resources
Post: Question About Building Relationships with Banks as a Realtor
- Metro NY + New Bedford
- Posts 276
- Votes 199
Join a local Meetup.
Post: CUSTOMERS RELATIONSHIP MANAGEMENT
- Metro NY + New Bedford
- Posts 276
- Votes 199
I use KEAP.
Post: Where can I find phone numbers to cold call?
- Metro NY + New Bedford
- Posts 276
- Votes 199
Read everything written and listen to the podcasts of Dean Jackson: https://deanjackson.com
Post: Real estate networking in a small town
- Metro NY + New Bedford
- Posts 276
- Votes 199
Try the local Rotary Club?
Post: K1 challenges on syndication
- Metro NY + New Bedford
- Posts 276
- Votes 199
Consult a CPA who knows what he is doing and file this: Notice of Inconsistent Treatment I have done this several times for investors who got screwed by the GP. It works. Send a paper copy of the return, not efile. And mail the return on last day of extended due date. Attach this form as the LAST page of the paper return.
Post: BRRRR: How to Calculate Total Cash Invested?
- Metro NY + New Bedford
- Posts 276
- Votes 199
Take out the loan proceeds and repayments. They distort the calculation. Only the interest payments should be recorded.
Post: Loan options with no job, but cash on hand
- Metro NY + New Bedford
- Posts 276
- Votes 199
So you sold your crypto at the top in 2021? You should write a book and get a gig on financial shows. I doubt many others did so well. So, now you have no stress, and are looking to enter a very stressful line of business. I don't know how old you are, but if it were me, I would get into the medical care field as some kind of licensed professional. Otherwise, you run the risk of making bad investments and losing too much. Or place your money with a good wealth manager, such as Morgan Stanley, and get some income now. We should have have such choices. Oh, one more thing, move to a State with zero income tax: Florida, New Hampshire etc.
Post: New member looking to meet local investors
- Metro NY + New Bedford
- Posts 276
- Votes 199
Quote from @Matthew Brown:
Hello everyone, I've only recently begun looking into becoming a real estate investor and I'm trying to gain as much knowledge as I can.
I'm located in Middletown, CT and plan on buying a rental property in the next year or so (I'm thinking local now, but that could change).
My rough plan at the moment is to save money for 6 months to a year and to buy a property (I haven't decided on single or multi family yet) with a conventional loan using the money I saved, along with money from a 401k loan (the rates for my 401k loan are pretty good). I currently own a house with my wife with a child on the way, so househacking isn't an option.
Does my plan so far seem adequate? Any and all input would be greatly appreciated.
I'd like to start going to REI meet-ups, but I work 2nd shift and it seems most meetings happen during the week.
Thanks for reading this far, I can't wait to get started!
Post: Syndications: Idle Cash Prior to Deployment
- Metro NY + New Bedford
- Posts 276
- Votes 199
Your are closely reading the PPM. Very good! Be careful with your money. These syndications are not liquid.