All Forum Posts by: Account Closed

Good advice Christian.

Ryan (McIntyre),

Welcome or welcome back to BP.

John

Ned,

Welcome to BP.

It sounds like you should build your network. The recent upgrade of BP to a social network will certainly help you do that. Use it well.

Eli,

Welcome.

Do you own your own home? If so you know how to buy or sell a property. That is a start. If not they consider starting that way so you can learn the basics.

Tell us a bit more about yourself and why you want to jump in now.

Thanks

MeetUp is a great way to find groups that meet in your local area or an area you are traveling to. Very helpful for to groups who want a way to manage the logistics.

Facebook is growing as fast as James notes. It is definitely focused on individuals and not companies. They do have an advertising facility that some have found effective.

I know personally one of the people on your list of gurus. He would claim that he is the anti-guru so a true difference of opinion.

Start here. Start at the library and bookstore. Read a bunch of stuff to see what attracts you the most.

Consider your skills, your resources and how you can best leverage where you are starting from.

There are many ways to start and some work better for certain people based on their personality.

There is no best place other than starting from where you are.

In REI you are the one who will make or break your success. It is up to you. There is plenty of info out there for what you need to do. Getting it sorted and ordered in a way that works for you is the challenge.

To clarify slightly...

1 loan per rental or 1 loan for multiple properties is what you prefer?

Eric,

Adverse possession is more or less what you are describing and completely legal when done correctly.

If the owner is not likely to come back it is a calculated risk.

The initial idea is not something I would follow but there is a fair amount of logic to it. It does happen.

BeachBum,

Spot on with the feedback.

To add to the list I would like to see the ability to indicate that I no longer want to follow a thread. An ignore feature. Some threads are just not of interest but there is no way to exclude them from the 'new activity list'.

Having multiple forums can help people focus on things they are interested in but it is not quite the same.

Speaking of cashier's checks and Portland auctions...

There is a local investor who has a great deal with the local branch of a large bank. He has a decent sized LOC set up so that he can borrow the money when he needs to do so.

When he wants to go to an auction at 10:00 he picks up cash in the form of cashier's checks. $200K to $300K depending on what he is after.

If it works out that he can not buy at a price he likes the bank takes the cashier's checks back without charging him for the use of the money. He just needs to get the checks back to him on the same day.

It pays to have a good relationship with your banker.