All Forum Posts by: Daphne Barber

@Account Closed appreciate the reply. Well I wasn't going to name drop but the note seller is  Jeff Brown and he's a big deal on BP. Correct he was saying buy and hold wasn't in our best interest. We don't really have enough money to pay all cash for multiple properties. Interesting what you said about 2008 because I brought that up - I think he said he gets his notes at a large discount like 50 cents on the dollar. I suppose the biggest attraction is given our location, all investment would be long distance, so making 12% without the hassle of doing things long distance seemed like a good idea.

@Chris Seveney Hi Chris thanks for your perspective as a notes investor. What you're saying about having a balanced portfolio makes a lot of sense. I think the gist of what he's saying is that with notes you make the same or better than with rentals, without all the potential headaches. And LoL about property managers very true. I'm glad I asked the BP community! 

@William Murrell Thanks for your reply! We've put a lot of energy into getting a foundation - joined our local REIA, going to meetings, webcasts, podcasts (the investor is well regarded on BP and did a popular podcast....) I get your point about the red flags, but I also can see the point where making 12+ % on the note funds seems like a better return than rental properties. If we were experienced flippers in a different market it might be a different story.

Again thanks for your perspective - much appreciated.

@Joe Villeneuve wow thanks for the reply! Would you mind sharing how we could start getting cash flow in less than a month, and would it be $3,500 after taxes? The point he was making is that the return on notes is better than the return on rentals, if we're just starting (without all the headaches) He's talking 12% immediately and it's hard to argue with that, considering how much time we've put into getting the foundation right. I ran across an old thread somewhere on BP where folks were saying the same thing about notes. 

We were looking at a couple of Brrrr turnkey properties, but the cashflow was only like $300 a month and we'd need to accumulate a lot of those fast (looking to replace income from DH's lost job...)

Of course if we were experienced flippers in a better market maybe it would be a different story....

Hello BP Friends - 

Not sure where to post this, and looking for feedback. We are a couple of newbies ages 50 and 54, residing in NYC, and have been advised by an experienced investor (from BP) that we're too old to be getting into the game. He suggested that we take 500k in IRA money and roll it into a Roth IRA funded by notes (from his company). Next, completely divest ourselves from the stock market and invest the rest (about) 400K in various note funds, which return a minimum of 12%. Finally, keep $100k as cash reserves. He says this is the wisest thing to do because the returns are better than rentals, without any of the headaches. He says we're too far along in our timeline for buy and hold. Regarding any other strategies, he says for every "success story" on BP, there are 50 people you don't hear about who lost their shirts. Am I missing anything in this equation? All feedback greatly appreciated!

@Greg H  thanks for the info.

This may be a dumb question, but when bidding on HUD properties, are you not allowed to inspect before bidding? Sorry about the nasty surprise.

Sorry to hear about your experience, especially since I'd like to get into Airbnb or STR, but I think what another poster said about being doomed by the neighborhood is true. I've rented Airbnbs all over the place even internationally, and the ones with the good locations sell themselves and are always booked and I'm sure the property owners aren't sweating over reviews. Kudos to you for what you did with your properties and the street. Your "Compound" sounds like a neat place :) Best wishes.

@Odie Ayaga Thank you and yes I've already connected with @Daren Sager - thanks for the heads up!

Looking good - beautiful house.