All Forum Posts by: Christopher Rutherford

@Adam Juodis This is exactly what did on a project and it worked out great.

I was thinking of starting a networking event for local investors to sit around and talk shop and network with other investors in a casual way and thought that a great way to do that is around the Cashflow board game. Let me know if you are interested in attending.

I'd like to invite all levels of players from 1st timers to 202 gurus! The game Cashflow is part of Robert Kiyosaki's (of the Rich Dad, Poor Dad series) program to educate those who want to increase their earning potential and open their minds to becoming successful in business, investing, entrepreneurial savvy and residual income.

Our group is for those who want to learn and grow in their investing and financial prowess, have fun and make new friends. Join us for a great time! Seating is limited, so please keep your RSVP updated and arrive at least 15 minutes early. **If you're seriously interested in everyday applications of real estate investing, residual income and business growth, please email me!!

CASHFLOW 101, developed by Robert Kiyosaki, author of the #1 personal finance book of all time, Rich Dad Poor Dad, is an educational board game that simulates real-life financial strategies and creates an experience that teaches you how to get out of the Rat Race and onto Fast Track by making your money work for you - not the other way around.

Let Robert Kiyosaki's Cashflow Game teaches you about Rich Dad's secrets:

• Practice real-world investing with play money.
• Learn the differences between an asset and a liability.
• Discover the power of understanding your personal financial statement.
• Make friends with like-minded people who is playing the Cashflow Game in real life

@Nathan Click Value-add multi-family 5-10 Units. Price per unit around 100k-125k.

RP Management is seeking a highly motivated, highly skilled sales professional to help grow the client base for our real estate services. Our ideal candidate would desire and have the ability to work independently within a small local company.

Knowledge of Social Media platforms/Social Selling preferred

Strong business and business communication acumen required

Master of Prospecting and Follow-up

Desire to be on a team of positive, success-minded individuals

No real estate license required.

Commission based

Hello Bigger Pockets,

I am looking for an equity partner that would receive a preferred rate of return and percentage of proceeds on the back-end. The target property would be located in Portland Maine market. Feel free to contact me for details.

Hello,

If you need property management in the Greater Portland area, please think of us. We offer full-service property management for the tech-savvy investor. Cloud-base property management software provides you with an owner portal allowing for full transparency, ACH deposits, and access to dozens of reports to analyze how your property is doing 24/7. 

Look forward to working with you,

Chris

@Jay Sechowicz Correct

@Jay Sechowicz Yes the contractor submits the bid. The bank reviews it and an appraisal is done based on work you are going to have done (to make sure the improvements make financial sense). The bank pays the contractor the bid price. It is up to you to try and work something out with the contractor to try and get some money off that. 

Hi @Jay Sechowicz,

I experienced a similar thing you are thinking about with the 203k. The rule that I heard with the owner doing work is that you cannot be paid for any of it. My contractor placed his bid to do all aspects of the renovation and then I did things like you mentioned, painting, help with clean up, hauled away trash to trim some of the costs. What this did was allow for my contractor to not charge me for this items in his scope of work. I attempted to refi out my improvements but this failed. Appraisal came in at 317k (I owed/had in it about 300k) but managed to sell the house a few months later for 420k so overall it worked out.

@John Brown

Welcome John! You have come to the right place to learn and network with like minded people!