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All Forum Posts by: Bud Gaffney

Bud Gaffney has started 19 posts and replied 2273 times.

Post: Tax liens and Mortgage liens

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,138

Why would anyone risk any of this? I just don't understand it. The risk does not make any sense to me.

Post: Would you accept this tenant?

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,138

@Kyle Pierrehumbert accept them if you like housing court :)

Post: Would you accept this tenant?

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,138

@Kyle Pierrehumbert 1000000% NO. Oh, you’re welcome!

Post: Working with a partner

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,138

@Tyler Case screw partners. Do it by yourself!!!!

Post: What would you today with $1,000,000?

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,138

@Daniel Rabinov this second. I’d prob just invest and get 5-8% and not do RE. :)

WAIT

Post: Is it normal that PM gets 13% of all repairs and rehab?

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,138

@Ariel Tobi heck no. Negotiate that down to 2-5%!

Post: Is it better to have debt than own free and clear?

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,138

@Terri B. 100% better to have debt! That means you’re making more $ ! In the long run

Post: Is it better to have debt than own free and clear?

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,138

@Terri B. Clear + free is dumb if you can get more properties that other people are paying all your bills :)))))

Post: Is it better to have debt than own free and clear?

Bud GaffneyPosted
  • Rental Property Investor
  • Boston, MA
  • Posts 2,313
  • Votes 1,138

@Terri B. Depends on your situation. How wealthy do you want to be? Leverage and have others pay the debts. Rinse and repeat!