Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jimmy Dudley

Jimmy Dudley has started 0 posts and replied 148 times.

Post: $350k/year in passive income- what does your portfolio look like?

Jimmy DudleyPosted
  • Real Estate Broker
  • Westminster, MD
  • Posts 159
  • Votes 101

Hey Alan unless you have a lot of money sitting around your wasting your time. This reminds me of the old paintings of elephants, painted by people who have never seen a real elephant. 

Post: How to find a good real estate CPA?

Jimmy DudleyPosted
  • Real Estate Broker
  • Westminster, MD
  • Posts 159
  • Votes 101

H&R Block doesn't cut it for anyone. Go to a local meetup and ask who people use. You may be surprised how many use the same person. 

Post: I want to wait for the next buying opportunity

Jimmy DudleyPosted
  • Real Estate Broker
  • Westminster, MD
  • Posts 159
  • Votes 101

I feel like the evil emperor in Star Wars "give in to fear" that way there will be more deals for the rest of us. The deals are made when they are bought. If you buy right everything else can be worked out, except time. You don't get more time. Cash flow is king, but you are trading the one asset you can't get more of, TIME.

Post: WHO PAYS UTILITIES??!

Jimmy DudleyPosted
  • Real Estate Broker
  • Westminster, MD
  • Posts 159
  • Votes 101

I currently pay all utilities and believe me you have to look at the expense over the course of the whole year. In the winter and summer it can hurt. If you can get some estimates consider the costs to divide the utilities with separate meters.  

Post: What I am I doing wrong? Can't get it rented.

Jimmy DudleyPosted
  • Real Estate Broker
  • Westminster, MD
  • Posts 159
  • Votes 101

There is a magic number that always sells. The application fee is annoying but I don't know your area so it may be normal. 

Post: how many millions are you saving for Amazon HQ

Jimmy DudleyPosted
  • Real Estate Broker
  • Westminster, MD
  • Posts 159
  • Votes 101

The sad part is all the state and local governments throwing money at Amazon to bribe them into coming to their area. The wealthiest man in the world could almost put his headquarters on the moon and yet elected officials are groveling. 

Post: I want to wait for the next buying opportunity

Jimmy DudleyPosted
  • Real Estate Broker
  • Westminster, MD
  • Posts 159
  • Votes 101

Keep waiting, you are leaving more deals for the rest of us. If you are chasing appreciation your better off in the stock market. 

Post: Puerto Rico: Gold Mine or Fools Gold?

Jimmy DudleyPosted
  • Real Estate Broker
  • Westminster, MD
  • Posts 159
  • Votes 101

Buyer beware. I truly believe Puerto Rico is as American as Kansas. However, PR has a government whose corruption rivals some third world nations. 

Post: Northern Virginia (NoVa) MFR - Non Existant?

Jimmy DudleyPosted
  • Real Estate Broker
  • Westminster, MD
  • Posts 159
  • Votes 101

Unicorns man. You are chasing unicorns. If you are really dedicated work with someone on an open ended project to find what you want. Of course by the time you find it you may have saved enough to buy it outright. 

Post: When will the bubble come?

Jimmy DudleyPosted
  • Real Estate Broker
  • Westminster, MD
  • Posts 159
  • Votes 101

No fear of bubbles when you don't buy for appreciation. 

As Mark Owens says Cash flow is king!