All Forum Posts by: Steve Babiak

Wow, that might be a first - where a reply to the thread has out-voted the original post, AND they both hit 10 votes. Great thread, and great to get the feedback as well (IMO).

Rich,

I sent my accountant this link:
http://www.biggerpockets.com/blogs/575/blog_posts/2749-obstacle-4-the-largest-wealth-eliminator-taxes-

I'll have to wait and see what he has to say. Thanks for the ideas.

Two things fit here for me.

1. REO offers now have only contingencies that are needed for comfort, and have EMD amount that will get my lowball offers considered by the seller.

2. I am now seeing sheriff sale starting bids (they are set by the lender where I buy) now start far below the debt owed in many more properties, where a year ago it rarely occurred. Somebody on BP mentioned this about trustee sales where they buy, and I grabbed that and started paying closer attention to the starting bids here (and I am now tracking them to know how much they will readily take as REO).

Rich,

See what I posted here so as not to have to be repetitious:
http://www.biggerpockets.com/forums/48/topics/1149-what-is-the-best-way-to-pass-real-estate-to-your-heirs-

Part of what makes this a "web" site is that things can be hyperlinked throughout, without having to duplicate each bit of the detail that was in the original contribution. And as Rich pointed out, getting interaction is what sets the BP site apart from other real estate sites that are out there. In my opinion, the cross-linking is a good thing because it can lead to more interaction, but cross-posting is a not so good thing (where by cross-posting I mean taking every word from a post and duplicating in multiple places of the varied areas of the site, whether blog, forum, bulletin, article, etc.).

A bit hard for me to believe that the management (namely Josh ) would not see the value in allowing this, but again that's just my $0.02 worth.

Rich, perhaps the moderators were complaining about what I called "cross-posting", and not about the cross linking?

I recently came across a forclosed property that also had not yet been listed on the MLS. I was able to contact the lender on it by phone, and they passed me along to the asset management company. And they gave me a price (I don't want to pay that much).

So it can happen, it just isn't the normal way these things go down.

In order to get something that is effectively the same, it is suggested that you upload the sheet to google docs (or similsr service) and then put the link to that on the forum with your message explaining what you are doing.

Rich,

There are benefits and drawbacks to both forum posting and blogging a topic. As Josh noted, some people prefer one over the other, and that's why I think your intent to do both is so wonderful - because you are willing to cater to that which the audience prefers, without excessive clutter.

And if Josh is giving you a rough time over putting a blog link in the forum, then you should report HIS post in this thread where he just did that very same thing!!

Just my $0.02 worth.

And sorry for getting off-topic here, but the discussion did go astray before me...

No problem - and you're welcome - Cary.

Still surprised that not too many people have asked about the "stupid guru" that I mentioned in my first post on this thread; do the "colleague request" thing by clicking my avatar, and PM to me. I will tell more that way.

jmathew1 and others from Phila. area - see my post in this thread:
http://www.biggerpockets.com/forums/86/topics/9845-looking-to-meet-other-investors-in-philly-area