All Forum Posts by: Eric Bilderback

The BP podcast started after the GFC.  It will interesting to see how the podcast reacts to a down real estate market.

@Darius A.

Wow maybe it is legit.  Usually when someone even mentions a slowdown they are told that for over a hundred years people morons really have been predicting housing prices going down on the BP forums and overtime they end up with a big pie in their stupid face.  

That being said my specific little market is slowing down a ton.  We have tripled in inventory in the last three months.  I think (as I have for close to 10 years) that the market wants to decrease prices.  Unfortunately the prices of housing has much more to do with public policy than with the market.  But I do believe that right now politically housing prices going down would be the least of the governments/politicians problems maybe even beneficial, but that could change quickly and the government will again boost prices with QE low interest rates etc.  

I would buy a fourplex with little down as possible.  Remember that "most people overestimate what they can accomplish in one year but drastically underestimate what they can accomplish in five years."  If you play your cards right and get a little bit of luck you will have opportunities in 5 years you could never dream of now.  

Forgive me for getting out of my lane here but in my opinion the scariest thing for a person to carry is resentment.  I believe it makes them interact with the world in an entirely different way and even makes people inflict pain on the world to get revenge for the pain that has been inflicted on them.  It can be a never ending downward spiral.  That spirit or whatever you want to call it, is relentless in ruining lives and has created an untold amount of misery.  

If you don't have a kids which it sounds like you don't and can limit your expenses I would highly recommend @Scott Trench book Set for Life (its a biggerpockets book).

I’m sorry dude I wasn’t trying to rub salt in the wounds. I’m the king of dumb *** moves so I can relate to how pissed you must be.

good luck my friend keep your head up,

I thought he was just saying that because he wanted one of those blue check marks. 

I’m having a hard time believing this though.  “Let’s get a go fund me” come on dude.

Thats like saying I'm embarrassed to be called successful, winner, champion.  

If you think a landlord is embarrassed think how Tom Brady feels constantly humiliated with all those Super Bowl Rings so noninclusive?  In fact I would argue Tom Brady is the real victim in all of this.  Flipping Snowflakes!  LOL

@JD Martin

The FED has said they plan on reversing Quantitative Easing and will start Quantitative Tightening.  Meaning the FED will stop being net purchaser of mortgaged backed securities and be a net seller of mortgage backed securities.  

I personally think they are bluffing and the FED is in buying mortgage business for the duration.  We have a system that is completely dependent on the FED inflating its balance sheet.  Hopefully the financial system will tolerate the FED exponentially expanding the balance sheet in perpetuity.   

They need to bring back Yo Mama jokes, "Yo Mama's STR smells so bad..." Aww those were the days!

When and if there is a recession it will be interesting to see how STR's fare. I have it in my head that they are riskier then LTR but I really couldn't tell you why I believe that people who were going to go on a high end vacation will most likely go on a less expensive vacation etc. I can also see that clearing the field some for investors who have their STRs dialed.

@Bruce Woodruff I didn't refer to them as AirBNBs just for you.  LOL

Real estate investing is really investing in debt (another way to look at it is betting on the devaluation of the US dollar) the more irresponsible the government is the richer you get.  

Real Estate Investing = Borrowing money you believe will be devalued against an asset that will increase its value compared to the money borrowed.  All while creating a return to make your payment and a little extra.  To find a better scam you have to be in congress.  LOL

I just had a guy moving home from Afganistan he is coming home a month later than he originally thought.  I am keeping it open for him and I would feel like a real schmuck if I didn't.  Any tenant of mine that needed a specialty toilet I get it to them ASAP.