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All Forum Posts by: Mike Baker

Mike Baker has started 15 posts and replied 144 times.

Post: New Member- Peoria, IL

Mike BakerPosted
  • Contractor
  • Blackfoot, ID
  • Posts 149
  • Votes 52
Welcome!! And great way to jump in!

Post: Any good business plan templates?

Mike BakerPosted
  • Contractor
  • Blackfoot, ID
  • Posts 149
  • Votes 52
I bought the growthink template for $97. So far it's very user friendly. I picked growthink because I wasn't interested in reinventing the wheel, and I felt I wasn't with this one.

Post: Odd Property

Mike BakerPosted
  • Contractor
  • Blackfoot, ID
  • Posts 149
  • Votes 52

Thanks guys!
I had never heard of a rooming house before today.
I have a call into the city for zoning questions now.
I really appreciate the info.
Thanks again

Post: New Member in Savannah, GA.

Mike BakerPosted
  • Contractor
  • Blackfoot, ID
  • Posts 149
  • Votes 52

Welcome!
I went to an Army School in Savannah severalyears ago. Loved it!
Good luck to you!

Post: Odd Property

Mike BakerPosted
  • Contractor
  • Blackfoot, ID
  • Posts 149
  • Votes 52

We are looking at a property near the campus in our town. It is different in the fact it operates more like a long term hostel, so because its so different then anythinig around it, it has been on the market almost 2 years (which is unheard of here).
It shows a cashflow of $1000-$1500 a month.
It was built in 1948, and the current owner appears to have kept it up, but is just tired of it since he lives 1 1/2 hrs away (one way).
It is a 10 bedroom, with 2 shared kitchens and a common room.
Realtor thinks he would take $280000, and may owner finance.
I am interested in this one, but wanted some feedback.
Thanks,
Mike

Post: Gas Furnace out on a Sunday

Mike BakerPosted
  • Contractor
  • Blackfoot, ID
  • Posts 149
  • Votes 52
Maybe someone needs to make some basic videos on simple boiler and furnace fixes. I am a service plumber by trade and I work on a lot of heat systems, and I can tell you that most problems are easily solved. Of course when in doubt, always call the professionals.

Post: Student Investor Denver, CO

Mike BakerPosted
  • Contractor
  • Blackfoot, ID
  • Posts 149
  • Votes 52
Welcome Brian !!

Post: Dodd Frank Act

Mike BakerPosted
  • Contractor
  • Blackfoot, ID
  • Posts 149
  • Votes 52

I think that was the act anyway.

I was wondering. If I understand correctly this act should not affect buy and hold investors, should it?

Mike

Post: New to BP. Very Excited.

Mike BakerPosted
  • Contractor
  • Blackfoot, ID
  • Posts 149
  • Votes 52
Welcome to BP!

Post: Boise new guy- Buy and Hold Investing in West/Northwest

Mike BakerPosted
  • Contractor
  • Blackfoot, ID
  • Posts 149
  • Votes 52

Welcome, Welcome!!