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All Forum Posts by: Eric Bilderback

Eric Bilderback has started 56 posts and replied 958 times.

Post: Is it a Buyer's Market in your niche/town?

Eric BilderbackPosted
  • Real Estate Agent
  • Sisters, OR
  • Posts 1,004
  • Votes 1,558

Seen some really good buys on small multifamily and the bigger stuff is sitting around more than I think it would have a few years ago.  Numbers don't work as well as they used to, prices would have to come down more with interest rates.   

Post: The Bigger Pockets Mount Rushmore

Eric BilderbackPosted
  • Real Estate Agent
  • Sisters, OR
  • Posts 1,004
  • Votes 1,558

@Mike Dymski I have not seen him for quite sometime but has some of the best most practical advice I have taken in.  He can take concepts and bottomline them into a sentence.  

@Jay Hinrichs dude has forgot more about real estate then I'll ever know.  

@Scott Trench Millionaire Next Door on steroids

Certainly appreciate all the great advice I have soaked up.  Life changing stuff!

Post: How would you start if you were me?

Eric BilderbackPosted
  • Real Estate Agent
  • Sisters, OR
  • Posts 1,004
  • Votes 1,558

Have you thought of doing a short term rental or a new build?  If your all in go all in and you should be able to get a better return.  

Post: Out of State investing does not work. With very few exceptions.

Eric BilderbackPosted
  • Real Estate Agent
  • Sisters, OR
  • Posts 1,004
  • Votes 1,558
Quote from @Ryan Fox:

@Marcus Auerbach- I have to say I don't entirely agree.  I've been investing in the Midwest from the west coast since 2017.  I have high quality tradespeople who do work at low cost.  My tenants are high quality.  When I need a contractor, I have my real estate agent bring in a contractor she's worked with before and trusts.  They can be more expensive but it's not always the best idea to get the cheapest contractor.  

Maybe I say this because I'm lucky to have partnered with an agent who is trustworthy.  There are certainly agents out there who only want to earn a transaction and do not want to build a business relationship.  My agent has brought forth several connections that have been valuable over the years.  I've bought several properties through her sight unseen.  

The advantage of investing remotely is that it creates far less of a time commitment on my part.  I can still work my W-2 and don't have to go out visiting several properties.  Rather, my agent checks out the property, provides about 40 pictures, and a rehab cost estimate.  I then make an offer based upon the data I have.  

I do agree with you that OOS investing only makes sense if you live in an expensive area and are investing in a much less expensive area.  If you buy a $1MM property in your expensive local market and something goes seriously wrong with it, that's a much bigger deal that something going wrong with a $150k property OOS.  And buying in good neighborhoods OOS is important as well.


 You have a realtor with boots on the ground helping you out.  It sounds like you keep buying and she has a financial incentive to keep you happy.  For someone buying only one or two properties do you think they could find someone that has a vested interest in keeping them happy, like you have?

Post: Putting $1M into Crypto

Eric BilderbackPosted
  • Real Estate Agent
  • Sisters, OR
  • Posts 1,004
  • Votes 1,558
Quote from @Paul Azad:
Quote from @Eric Bilderback:
Quote from @Steve K.:

80k dead I don't think so.  I disagree that dead Russian kids will help my kids, then wiping out a generation of Ukrainian kids to do it.  I don't think that is as clever and wise as you think it is.  If a property doesn't appreciate much because we aren't making as many bombs to drop on Russian's I'm more than good with that.  Maybe we could put some of that money in South Chicago where kids need police protection to get to school, or at the Indian Reservation an hour or so from me where many kids don't even have shoes.  Absurd to even argue killing people on the other side of the world is an economic benifit.

Post: Putting $1M into Crypto

Eric BilderbackPosted
  • Real Estate Agent
  • Sisters, OR
  • Posts 1,004
  • Votes 1,558
Quote from @Steve K.:
Quote from @Eric Bilderback:

Good call if Eric Trump said buy it you can take it to the bank!  I know you put up a tough front but deep down inside I knew you were all in for MAGA baby!  


 Hey if you can't beat 'em, might as well join in on the scam. 

Because a million dead Ukrainians so Ukraine can become a NATO country on the border of Russia (just like America would be totally cool with Russia or China having a military alliance with Mexico totally reasonable), illegal immigrants welcomed by businesses and their paid for politicians to push labor costs down at the expense of poor Americans, and forcing kids and healthy people to take vaccines that don't work is totally not a scam. LOL. 

Post: Putting $1M into Crypto

Eric BilderbackPosted
  • Real Estate Agent
  • Sisters, OR
  • Posts 1,004
  • Votes 1,558

Good call if Eric Trump said buy it you can take it to the bank!  I know you put up a tough front but deep down inside I knew you were all in for MAGA baby!  

Post: In the Smokies, size matters

Eric BilderbackPosted
  • Real Estate Agent
  • Sisters, OR
  • Posts 1,004
  • Votes 1,558

What would the cabin be worth today on the market?

I like the smaller cabins better in our market as well.  I believe they are a much more secure and predictable investment.  

Post: Using a $200-250K HELOC to Scale—Looking for Insights from Experienced Investors

Eric BilderbackPosted
  • Real Estate Agent
  • Sisters, OR
  • Posts 1,004
  • Votes 1,558

If you have 250k as the down and the rest hard including the rehab that is pretty intense. In my market using a HELOC on a rental doesn't even come close to working. I might consider it if you could finance it all yourself and had a plan to sell but could still make it work if you had to hold as a solid plan B. If you have a job where you make way more then you live on this makes think you are probably pretty safe. Have you considered building with the funds?

Post: Trump Policies Will Put Downward Pressure on Real Estate Rents/Prices

Eric BilderbackPosted
  • Real Estate Agent
  • Sisters, OR
  • Posts 1,004
  • Votes 1,558
Quote from @Paul Azad:

Here’s the Shocking Truth About the DOGE Dividend

A Mr. Gammon gives a good whiteboard YouTube breakdown of what I posted a few days ago, that any $5000 dividend rebate would be better spent in decreasing our yearly deficit or national debt than given back to the taxpayers or average Americans. I would love to get back some of the vast amount of money I've paid to the IRS over the years as well, but with how precarious our financial situation is, being on the brink of a debt spiral that could trigger another depression and at the least far higher interest rates and cripple CRE. I think it's best to find every dollar we can of waste and fraud and pay down our debt as much as possible because our grandchildren will have to deal with it if we don't.

"You can always count on the Americans to do the right thing after they have exhausted all the other possibilities."  - Winston Churchill