All Forum Posts by: Ken M.

Hello I've been saving up my money since I turned 19 and I'm now 30 and I've saved $120,000.00 and I'm wondering what I should do to proceed, my options are sell almost all of my stock portfolio and buy a rental house partnering up with both my brother ,this would be thier 3rd deal for the oldest and second deal for the middle child I'm the youngest so it would be my first deal mind this was what has been my plan since 16 and I've read tons of books on real-estate investing aswell, or a friend recommend I get a financial manager to stock invest for me, so I'm wondering  should I sell all or most of my stocks for to get into real-estate also I'm reading a book called the intelligent investor so I could also just follow those rules and invest some in an index Berkshire Hathaway and the rest in rock solid companies that aren't going away like the book I read says, what should I do ?

Hello everyone, this is my first post on Bigger Pockets. I come here to ask a real estate attorney or lawyer for legal advice. I don't know what the difference between a lawyer and a real estate attorney is, if there is one.
But I need help in making sure that I can get a contract ready to put a foreclosure property under contract in Colorado I'm aware of the protection laws with foreclosures in Colorado but I am not sure entirely how to implement them into a contract I am wanting to use the standard Colorado contract that is given to us publicly but I want to use it for wholesaling and that is where I'm having trouble I need someone to help me read through it and understand everything I need to understand and I also need someone to tell me what I have to put legally in the additional Provisions to be able to assign the contract I know what I'm asking for is technically paid service legally if you are a lawyer or a real estate attorney please send me a DM and I want to give you my story and I want to prove that I would pay you if I could and when I can I absolutely will but for now finances are my biggest struggle and my biggest hurdle in my journey if I can find a way to move past this I can make sure my dreams of helping the community and making the world a better place can become a reality if you want to know more please get in touch with me and I'll be glad to hop on the phone with you thank you for reading my message
-ResfemptRealEstate/Alec

My rental in California has a fuse box panel. Do I need to upgrade it? Any suggestions and advice would be greatly appreciated. Thank you! 

@Ken M. Not about affordability but rather value. If I can meet the same people at no cost then why piss away money

@Ken M. not sure if it would count as a scorchin' hot deal or not, but it would be a great BRRR where I'd be able to get most or all of my money out of it and still cashflow a few hundred/month.

I guess I don't know what I don't know here.  I've been told that it will likely take up to a year to get everything settled, and if that's all I'll have to deal with is time then that's fine.  However, if I'm going to have to put up a lot of money for the lawsuit and lawyers, then it's probably not worth it.  

If I'm being honest, part of what is driving my desire to push forward is ego lol. It would be awesome to find a great BRRR property in this area as appreciation is likely going to be huge in the next several years.

@James McGovern yes, title and survey discrepancies would likely need to be done via quiet title action

@Ken M. Membership in my local REIA is $200 annual

In Connecticut there are different courts for different reasons. Estates go through probate court and foreclosure goes through the superior court. These two courts never sync up automatically and would require a motion from the homeowner for a stay that lets probate take the kead

@Ken M. Joining a REIA is very expensive on my side of town and feels like pissing away money to meet agents which can be done for free

@Ken M. How does joining a REIA help in identifying the realtor that has negotiated the strongest with builders?