All Forum Posts by: Karen O.

I'm not 55 yet but, this is inspirational. Thanks for the post.

You don't say, but are you using a PM?  I suspect not with your returns, but thought it best to ask.  

sorry for the typos.  My fingers are too big for my phone. ;-)

#1 you csnt be worried about the heneral public.  They will think what they will think.  You're thinking biggrr than the average person. 

Your last statement makes the most sense from an investment point of view.  And though you may dislike debt, you should spend some time getting your mind around the idea of good debt vs bad debt.  

It's difficult.  I know.  I'm still working on it myself. 

Jesse Yuan.  

You've gotten some sound advice from a number of BP members. Only you can decide how best to go forward.

Your debt load or lack of it will determine how much cash you have available to do another deals. As previously stated, if you tie up all your cash in this first deal, you'll have to wait a while for the net income from rents and savings from your own W-2 income to replenish your coffers. Also, the more cash invested in the property, the lower your return.  If you're in it for the cash flow and don't plan to make another purchase anytime soon - or ever - then having no mortgage could be a good thing. 

One point of clarification - credit card interest is not deductible on an individual's taxes.  So your friend who only pays the minimum due each month will never get out of debt at that rate. They'll be paying off last season's show tix or clothes long after they have been enjoyed.

Interest that you pay in the course of doing business is different.

Good luck.

Also check out cabinets to go. Theres a store near you in norfolk, VA. They can help with layout and possibly tell you what's hot in your area.

Congratulations!  Great job!

if you're on a computer, try searching for Than or Fortune builders.  There are several strings on BP with the same question.  You can also look for "guru".

Very cool!!!

I bought a piece of land from a neighbor.  Then I subdivided the piece of land with another neighbor. Atty did all the work.  No agent involved on either side.  

Since you made this deal without an agent, you could have closed it without an agent too.

I'd ask here what she thinks is fair.

Congratulations on your success.