All Forum Posts by: Mike Kirby

"Is it good idea to just attach at top of chain link fence and leave bottom part of the tart loose that way when storm comes it does not tear down or damage the tart? Please advise"

No. That will blow all over and rip. By the way...that is a fugly looking item. Why do you even have it? Maybe try those slats that fit inside the chain links?

https://www.amazon.com/Colors-Single-Locking-Privacy-Fence/d...

 Who is your go to bank?

 Who did you end up going with?

What counties do you like?  Where have you had the most success?
I'm in Texas but rarely go to the sales around you.
Do you know what law firm handles Travis county sales?
I never see those posted with the big firms.  
I'd be interested to see what gets posted and actually sells.

Hello, all and happy investing !!!! 

I am looking for an attorney who deals with appealing property taxes. I pay annualy approximately 21k (19 properties)  in property taxes a year and it's eating me up.  Any help would be appreciated.

I hear ya, but then you get opportunities like this:

The company that handles many MI auctions sends people to the property to provide their observations of it in the listing.  Yesterday, in Mason County there was a property listed with this in the description: "We didn't get a good look at the inside as our inspection was interrupted by the discovery of a deceased person We may provide more details after the scene has been cleared by law enforcement."

This clearly scared off some bidders.  The property sold for $27k in an area of houses valued in the low $200s.

It's also MI tax sale season.  The first couple of auctions have seen some insane bids cast for bad properties...

That's the big dream: passive income, property management, no alarm clock, no office to go to. Gone fishing on a Tuesday.

I wonder how many people have gotten to the point where they actually live that dream? Or do you still work on something, while your RE portfolio is doing it's thing?

There is the financial side of it: at what point can you afford it not to work and basically retire based on passiv income? How much equity does it take (I think a better metric than # of doors)? And how do you handle large capex like new roofs or kitchens? 

And then there is the mental aspect: are you actually satisfied with what you have built. Do you feel content to just leave it at that and stop growing something? Or do you still feel the itch to build? 

I think a lot of investors are entrepreneurs at heart and not happy when they can't work their butt off. This is exactly the trait that let them hustle relentlessly when they built their portfolio in the first place. Can you just stop and go fishing?

 Would a shared ownership be a creative way of accomplishing this? Where I buy him out somewhere down the road after a refinance?

Maybe a unique question but not finding sound advice from the internet or tax advisor. My father would like to use his IRA to invest in a real estate deal with me where I am the debtor and he earns a guaranteed return on his investment. He would like to accomplish this without triggering a taxable event for him. I know I am a disqualified person according to the IRS, does anyone know of a way to structure this?