All Forum Posts by: Terrell Garren

Sorry, but if a GC is interested in your current situation at all, it is a good friend, family member or a bad GC.  GCs are too busy to spend time with someone with no property. Don't buy a major rehab for your first property.  Get something where you can do a lot of the work - floors, paint, fixtures, appliances, etc. You may not even need a GC.  As you need skilled labor, build your relationships - plumber, electrician, carpenter, etc.  Once you need a GC (e.g. structural repair) then build that relationship. 

How Binance became a hub for hackers, fraudsters and drug sellers (reuters.com)

You are a smart lady. Trust your instincts.

"There are no secrets to success. It is the result of preparation, hard work, and learning from failure." -Colin Powell 

Good tenants have little to do with where kitty decides to urinate.  Kitty does not understand solid rules, policies and procedures. Kitty ignores screening questions. 

No animals. Too many good potential tenants out there without pets. It's not fear, it's experience. 

Maybe 8 years ago, LE called me from a property with a husband wife dispute.  She wanted him out, he did not want to leave. LE ask how I wanted to handle it.  Not my cup of tea. My lesson learned - I only get one name on rental agreements now.  And I only use M2M agreements.  

I generally paid them off soon after purchase and was fortunate to have very good W2 income and 401K as a safety net. I started in '08 when a goldfish could make money in RE. I have used a HELOC several times to offer cash and close fast. I'm about done with acquisitions as 26 SFHs seems to be my 'cash flow life' and 'keep me busy part time' magic number. I feel for someone starting out now - purchase/repair prices and the hedge fund gorillas have made the SFH market tough. Good luck to you.

Opinion | Crypto Is Crashing. Where Were the Regulators? - The New York Times (nytimes.com)

Given this reality, the bluntness of a recent speech on crypto regulation by Lael Brainard, the Fed vice chair, is almost shocking.

True, Brainard didn’t go as far as Jim Chanos, the famous short-seller, who called crypto a “predatory junkyard.” But she came close. The very first heading in her remarks was, “Distinguishing Responsible Innovation From Regulatory Evasion,” and she strongly suggested that much of the crypto universe is driven by the latter. Traditional banking is regulated for a reason; crypto, in bypassing these regulations, she said, has created an environment subject to bank runs, not to mention “theft, hacks and ransom attacks” — plus “money laundering and financing of terrorism.”

Cryptocurrencies have been around since 2009, and in all this time they have never come to play a major role in real-world transactions — El Salvador’s much-hyped attempt to make bitcoin its national currency has become a debacle.

BillNew Mexico11h ago

How would you regulate what’s nothing more than mathematical ephemera? Might as well regulate the Tooth Fairy or the Easter Bunny. But I believe you have captured the essence of the fad called crypto… “postmodern pyramid scheme”. Well said Mr. Krugman, we’ll said.

M2M rental agreements. One of the best things I've learned in 14 years.