All Forum Posts by: Krista Walker

I totally agree with you @J Scott. @Dee Jones is complaining BP is negative when he's the one that's being so negative! I've been lurking around here for 6 months listening to podcasts, reading posts and have found this community to be very helpful and uplifting!

Thanks @Shannon K. that was a helpful explanation! The only part that doesn't apply to the Phoenix area is a C property would cost more than $100,000, unless it was a condominium. At least, that's what I've come to find out in researching it out. But then again, maybe I have my levels off:)

@JD Martinthanks for the explanation. That was helpful and makes sense!

@Jassem A. that's a good suggestion! 

@Ben LeybovichWith so much talk about class of properties it just seemed like I was always wondering how to rate those and that it mattered in choosing the right property. I'm assuming you could make money with a PIG, it would just be a lot more work and a bigger headache. When listening to the podcast, there's people, I think @Brandon Turner was even one, that started with PIGS in their portfolio and came to realize they were too much of a headache. So I must assume it's just not about the money/profit, it's also about the effort/hassle and my thinking was(flawed or not) that a B or C property that  cash flowed would be easier to manage than a D property. 

Welcome!

I struggle with the same question. I've read that some turnkeys are impossible to sell once you want to exit. I live in Scottsdale and condos are much more affordable, but carry an HOA fee. I own a $60,000 condo in scottsdale what carries a $300 monthly HOA fee. My brother lives here for free and pays the HOA but I'm not sure how the numbers would work if I was renting it and looking at ROI. Sorry I'm not much help, but I look forward to seeing what others have to say...

HI there-

While I haven't posted a lot here, I've been listening to BP podcasts and reading the blogs and articles for the past 6 months. My question is...how do you rate properties? I'm pretty clear on what an A property is (I live in Scottsdale) and and what an F property is. I know I don't want to try and put lipstick on a pig, as @Ben Leybovich would say. But I'm not really clear on what constitutes B,C and D properties. Am I missing a podcast or article on this?

Any help on this topic would be greatly appreciated!

I want to be able to have other streams of income when we retire. We have a 401K and pension, but those worry me.

This is such an interesting topic that seems to have more then one answer. Thanks for the suggestion of listening to podcast 109 @linval T. Sometimes I worry that these podcasts can become outdated with their suggestions when you get into the older ones. 

Wow! Thanks for sharing!

So, as I stated in the other thread, I work in tobacco cessation as a health educator. First of all, someone called it a bad habit. It's not...it's an addiction. It's been said that it's more addicting than heroin. Second of all, vaping is considered harm reduction, NOT harmless. It took the FDA 50 years to come out and say smoking was harmful. How long do you think it will take them to come out and say "oops, vaping has health consequences, too". It's all about big tobacco companies getting them to put it off so they can make their money and pay for the health consequences later.