All Forum Posts by: Maximo Jacobo

Thank You  for the warning. I am a beginner myself, and your information helps us be more careful with trusting others.

I am sorry that this happened.

Best of luck with your case 

@Jason Pedersen

Thank you for the advice

I have read in many places the benefits of investing in index funds. Also, I read somewhere that a good strategy to invest in index funds is setting up recurring monthly purchases to offset the risk of buying when the market is too overvalued.

Thank you for taking the time to the response I liked the idea to start investing 10 percent of my savings

@Daniel McNulty

Thank you for your advice

I will keep that in mind. I do not plan to hold my savings for more than a year. It makes sense that the return I could get would hardly make any difference.

Hello Bigger Pockets folks

I am new to real estate and plan to invest in the market a year from now (when I am financially better on paper). I am currently working on my education and my finances. However, in the meantime, I would like to use my savings that are parked (in high yield savings accounts) possibly to invest in index funds, because the interest rates that I am getting are not enough.

Considering that I never had an investment account like IRAs, 401k, etc. Would investing in Index Funds be a good idea without any of these accounts? Are there other options that would allow me to earn at a minimum 5 % return back? And is it smart to invest in stocks without any tax-deferred accounts?

Thank You In Advance for any advice

Hello Bigger Pockets folks

I am new to real estate and plan to invest in the market a year from now (when I am financially better on paper). I am currently working on my education and my finances. However, in the meantime, I would like to use my savings that are parked (in high yield savings accounts) possibly in index funds, because the interest rates that I am getting are not enough.

Considering that I never had an investment account like IRAs, 401k, etc. Would investing in Index Funds be a good idea without any of these accounts? Are there other options that would allow me to earn at a minimum 5 % return back?

Thank You In Advance for any advice

@Yelena Willingham

- The book on rental property investing

- Flip Garry Kelley

- invest in real state will little or no money down

- ABC's of real estate investing

-the millionaire real estate investor

Thank you for sharing that with us

It's sad to see how some people hate others, for expressing their opinion.

It's always good to keep those things in mind, when using any public forum

I am sorry for your loss, but glad everything worked out

@Miki Vargas

Responses to BP

I am pretty new to real estate investing, but I just watched a podcast from BP where they mention that the longer the property has been on the market the better the chance to get low offers accepted.

Also based on advise and on my notes taken from BP Books and BP articles:

- All cash offers are stronger

- Offer to close faster than other offers

- If applicable Give two offers, as the seller could compare your offers rather than their asking price

- Offer more earnest money

- Provide pre-Aproval letter

- Stick to your numbers don’t let emotions take over you

- Ask the seller what their lowest price is and go lower

- Simply Ask is that the best you can do ?

- Be prepare to walk away if they send you a counteroffer that does not make sense for you. walk away or negotiate a lower price

- If your offer is not accepted keep track of the property and offer again after some time has passed

I hope this helps in any way

Best of luck

@Steve Morris

Oh it’s good to know , I only knew it as earnest money

Thanks for the response

@Steve Morris

Thank you for taking the time to respond

I am creating checklists for the entire process and your response it's really helpful

what is PSA for monies?