All Forum Posts by: Tod R.

Joshua Dorkin, did you ever have a target/goal number (that you could share) when you started? I don't know what is typical, but around 300 sounds pretty impressive!

We have a couple of companies that analyze the major markets in Texas that we will use from time to time. However, it's over $1K per quarter. It gives us new housing starts, permits as well. Maybe its a bargain after all!

I definitely agree to use current market rents in your due dil, not projected market, when determining value. You should look back,however, for clues to potential problems in operating expenses as well as rents/occupancy. It's eaiser to hide deferred maintenance, utilities issues, for just one year compared to a three year time period. Historical occupancy and rates vs. market also provide clues to potential mismanagement or any desirablity issues of this property vs competition (amenities, deferred maintenance, outdated units, etc).

I did see if you act now, you can get it all for around $2K + $100/mo. along with a Triple Guarantee!

Geof Greeneisen, what do you get for $150? The quarterly updates? Does he provide analysis of certain local markets in addition to national?

I am a flat taxer because I think everyone should not only pay their fair share, but have to write the check to Uncle Sam, vs a national sales tax. I do think the NST is more efficient but its too easy for taxes to get buried in the price of goods. After all, how many people really know how much state sales tax they pay a year?

I also don't see our country ever getting to the flat tax. Too painful for the 49.5%ers. No need to trouble them with having to fill out a tax return postcard, lets just establish a NST...

I agree with Ibrahim S You should definitely negotiate the commission down. I would caution that if you are going to continue to be investing in this area, I would not be too agressive with the agent. RE a small community and bad news travels fast.

Jim S makes a valid point. Something doesn't sound right that the seller will accept an offer at 40% of list price.

Wow! $20K? I know market timing in stocks is impossible. I would think the same thing here.

I would be up for a polo type shirt, but would also buy a T.

Lets just say the polo is more forgiving than the T on my figure...

I saw that Joshua Dorkin addressed this in another thread. He said no confirmation for bootcamps but if it were full you would not have been able to register. I don't think you could have registered for the boot camp if you had not bought your tickets.

I consider myself an intermediate individual real estate investor, and as such am interested in learning as much as possible about this area real estate, and leverage that education with my experience in commercial real estate. In fact, I've already learned a great deal of information from this website that I could not have possibly learned on my own. With that being said, I see this Summit as a tremendous opportunity to take my REI education to a whole new level and learn from people I've come to know and trust here on BP. I don't get that same comfort level with other real estate conferences that I've looked into. Not to say they are bad, I just don't know those people, or their backgrounds and perspectives on real estate investing. I also feel much more comfortable when Joshua Dorkin says there is no upselling allowed.

So, does that make the BP Summit the "No Spin Zone" of real estate conferences? I think so. What say you?