All Forum Posts by: Robert Mack

Actually I'm currently in SWFL, I've been hangin around Jeff the past couple days he's a bit sarcastic lol
But I am from NJ and my Yankees are world champions haha

It's friday so i wanted to give you some work for the weekend lol

I just didn't realize that we had it already.

I know Nick tells the people he networks with to check out his posts and references on BP so I figured it'd be beneficial for BP members to maybe put their webaddress on their business cards and I'm thinking of doing this. Plus it'd be obviously beneficial to Josh also!

Recently facebook gave everyone the opportunity to pick a username and add it to the end of facebook.com/username to make it easier for people to find their page.

Would BP members like this feature for biggerpockets. Sort of like linkedIn, they could have their real estate 'resume' on their profile and could give out their bp extension for networking etc...

Josh is this doable?

Have you joined a local REIA group? You can find other investors who are successful and become friends with them. Then you can ask them questions, get help from them and best of all it'll be FREE except for the initial membership cost.

Ned Carey who's on BP does tax sale believe and he's got a blog Baltimore real estate investing, so you may want to search him out.

Have you joined your local REIA and talked to investors there who are CURRENTLY doing fix and flips? and going along with NC Mark, do you know your market - what is selling at what price, how many DOM's etc...

You might be able to find partners or HML's there also. Just be sure to do your research before you buy something. Know your exit price and rehab costs.

So it seems most of you are holding most of your money in RE. Do you have it spread out within different investments such as rentals in different areas, holding a portion of your money in notes, or having some money in raw land etc.. or is it mostly all in one basket?

I understand why Buffet likes specialization instead of diversification, and I think most of the people who responded here have a deep specialization in RE and along with what Eddie said

What percentage of everyone's net worth is held in RE?

I've been trying to formulate my business plan and have been thinking about my long term goals lately. Wanted to know if people have most of their networth in RE or if they keep a diversified portfolio.

Even though I think it's Buffet who said that diversification isn't always the best investment model, I feel for most investors it might be.. what's everyone's opinion on this

I wouldn't do it for a million dollars either, plus uncle sam would probably find a way to tax you to death :lol:

For substantially more money.. really who knows it'd be different if the money was there in front of me

What subject? You didn't state what you want to talk about... If it's about real estate investing in general then you should ask some questions through your post here. Then instead of getting one answer you'll get different views from different people.. so ask away here.

If youre looking for where to get started, I'd suggest reading up the different types of investing and then read all the posts on BP on that topic.

The type of investing you want to do will depend on such things as how much money you have now, your short and long term goals, how much knowledge and time you have etc...

Rich, I'm in Fort Myers so I'm right around the corner. I'll even take you to the airport tomorrow in the am. Leave the keys in the mail box =) lol