All Forum Posts by: Tom Biskner

I was reading this earlier about China and the Dollar (http://www.cnbc.com/id/33850971) and started doing some more research on inflation. Here is an interesting quote from an article I found (http://findarticles.com/p/articles/mi_pwwi/is_200903/ai_n31422971/). The article was written in March, so take note on how many things in this quote are realized at this point.

"Mr. McDonell warns traders to watch for a scenario in which the following happens simultaneously:

The stock market recovers and share prices surge. The Fed continues to hold interest rates at or near zero while it waits for evidence of an upturn in the general economy. Inflation skyrockets as higher share prices put more money into circulation -- but it loses value instantly because of low interest rates and a slow economy. U.S. Treasuries fall and gold prices spike as investors seek stock-market returns and inflation hedges. The USD and the JPY plunge as investors move back into stocks. Currency traders should be ready to sell early, as first signs of hyperinflation appear, Mr. McDonell says. "

I wont pretend to know if we will experience hyperinflation versus plain ole' inflation, but I really believe fun amounts of one or the other are coming.

Hello everyone,
I apologize if this is a repeat of some various topics. I'm just looking for some input as to anything I could do next that may speed up or make my goals easier to achieve. First, my short term goal is to get myself financially sound enough to invest in a single family home or 2-3 unit duplex. Eventually, I want to invest in good size commercial units (25+ unit apartment complexes)

I have been told by others, and my bank, that getting a SF or 2-3 unit under my belt will go a long ways towards eventually getting financing for the big stuff, and the experience I will gain will be helpful, so that's the route I'm taking.

Anyhow, here's where I stand:

1. I started a generic C-corp last July + a business phone line. I've been opening accounts with businesses in order to help establish some business credit but nothing major. I have realized that my personal credit and the 2-year existence rule (my bank says it is starting to become a 3-year existence rule) are more important than anything.
2. I have been working on improving my poor credit score (and have made some good progress in the last 9 months) and am on track to have a pretty decent score in the next 9-18 months.
3. I have talked to my commercial lender at my bank a few times and told them what I want to do and asked what they recommend for me to get there. That will help with the loan, but I feel there is more I should be doing.

I'm still at least a year out before I can seriously start looking at deals, but aside from reading books, and forums such as this (, does anyone have any other suggestions to keep things moving forward?