All Forum Posts by: Tevis Verrett

First, first, first brother you sit down with the missus and make this a team effort. I have two babies 9 and 12, and you are looking at some serious belt tightening that will strain a marriage is you both are not on the same page.

Secondly, since we are neighbors, you are gifted with the bazillion real estate investment groups available to us here in Los Angeles.

Type real estate in meetup.com

Thirdly, you ask a lot of questions both here and in the REIA and see if you can find yourself a seasoned investor that will take you under his/her wing.

Also, a warm welcome to BP, you will find some genuinely warm and thoughtful people here.

Then, when you feel you have an inkling of what you are doing. . .jump in!

No telling where your journey will take you: flipping, tax sales, hard money, birddogging, wholesaling, leases, notes, buy and hold, syndicates . . .

PM me Greg W., I can at least get you started with the RE groups!

Happy Easter All,

Tevis

My friend Ned Carey is well versed in tax liens and Nick Miller is spot on.

States differ in tax liens and tax deeds. Any BP peeps hailing from Cali?

I, like Greg P., am curious?

S'plain us this lucrative medium!

Happy Easter everyone,

Tevis

Brother Joseph Lieberman I agree with you! T Boone Pickens went on TV and pledged a massive fortune on wind energy. . . only to abandon it when it didnt pan out.

I have yet to see any vampire, even on True Blood step up, or for that matter any bazillonaire and coin Virgin Solar.

You both are wise minds, to urge caution.

Brother and Neighbor Matt Devincenzo, you and I both know of the brownouts here in Southern California, I would be afraid to fold the electricity into the rent check, especially if I get a granny tenant that runs the air conditioner all summer.

Again gentlemen, very wise words. . .

Pointed opinions requested,

Tevis

Good Morning my BP Peeps!

I read a post by Joe Bertolino that piqued my interest. He had just installed solar panels on his property and was awaiting the outcome.

I then searched BP to see if this question was already answered: If you install solar technology on your properties, how do you uncouple the separate fees your tenant pays and have them start paying you for the electricity?

How also, if you store energy in batteries, sell it back to the utility company?

Solar technology is the new holy grail, and if we can find a way to harness it, we will be the innovators. . .so how to?

As a mindtrust for my bretheren and sistren, here are some articles that I have gleaned from the superhighway:

Honda giving no to low cost financing:

http://www.clarkhoward.com/news/clark-howard/environment-energy/honda-rolls-out-home-solar-installation-initiative/nWsjD/

http://www.nytimes.com/2013/02/20/business/honda-to-offer-customers-a-home-solar-system-option.html

First Complex of 114 Apartments 100% Solar Building in San Diego:

http://www.cleanenergyauthority.com/solar-energy-news/san-diegos-first-100-pv-apartment-community-032913

California changing the law for COMMERCIAL applications:

http://docs.cpuc.ca.gov/PublishedDocs/Published/G000/M055/K434/55434149.PDF

While this press release is convoluted, perhaps another thread can discuss what the state of CA is actually doing with commercial applications and getting paid to create power for the grid, but I digress. . .

So back to my central question, how do you step up to solar efficiently & economically, then become the power company for your tenants?

I hopefully assume you are generating wholesale power and selling it retail to our tenants. . .

That would make us the big boys (and gurls)!

And also a lucrative cash cow.

So I turn to my learned brothers and sisters, what am I missing?

Is this a great idea, and before it's time?

. . . or is the future, now?

I stand on the shoulders of giants,

Tevis

A warm welcome April. You will find Bigger Pockets full of wonderful people like my friend David, as well as many others.

Since we are neighbors, please p.m. me and I will give you a host of meetups I am already currently attending.

Much warmth,

Tevis

Grateful to Dion DePaoli the sharing of knowlege is the greatest gift of this medium. I am following you, sir.

Again thanks to Liz Brumer as the OP, you bring the power of the mastermind.

Blessings all,

Tevis

Gracious!

First a humbled thanks to Joffrey Long for the forward thinking to start this mindtrust.

This is the best and brightest minds of Bigger Pockets.

Thank you Sam W. and Kyle B. for discussing the wise fundamentals of our game.

I have learned from all of you, and @Ben for the WSJ synopsis.

You asked for potential safe havens and exit strategies during the downturn.

Some off the top of my head:

Notes, performing at 10% plus (this strategy learned from Will Barnard), and non-performing at ridiculous discounts.

Buy and Hold properties in stable markets.

Hard Assets like (Gold & Silver)

Just sidelining and waiting for the mathematically solid deals (hats off to Sam)

What say you all?

To add to the knowledge base, I found a youtube video by Allan Kendall that has some prognostication value, looking backwards to predict forward:

http://www.youtube.com/watch?v=c6dtdBwQK7U

Again, this is the best and brightest use of this medium!

Tevis

Blessings John Andruszka and keep up the good fight!

Tevis

Hey John Andruszka yessss buddy!

This is how the Fed Govt looves us investors.

It is 1040 Schedule E, Line 10
Legal and other professional fees

That is where that expense goes. And man, you better have a receipt to back that deduction up if you are ever audited.

YMMV, Objects are ALWAYS closer than they appear,

Tevis

Thoughtful forward thinking Joffrey Long! Thanks for getting this started.

We either learn from the past, or damn ourselves to repeat it!

I am so subscribed to this thread.

Got my coffee, buhring on the learning my wise BP peeps!

Tevis