15 July 2021 | 204 replies
Chris,It's a long story :)But here's part 1: I lost everything back in 2002-2003https://www.biggerpockets.com/forums/55/topics/690349-from-bankruptcy-to-1-000-units-part-1-thru-the-dark-tunnelFrom there, is a link to Part 2: how I came back and Part 3: how I built my real estate empire
11 September 2021 | 183 replies
You do your thing, build your rental empire one inexorable step after another, don't let anyone take it away from you.If Wesley's quick explanation of how to build porch stairs for peanuts out of pressure-treated lumber seems a bit abbreviated, I think there's an episode of Ask This Old House that lays out the exact toe-clearance cut technique he mentions, very well done.
2 December 2019 | 85 replies
I bet that 20 years from now, after you’ve built your real estate empire, using all of the knowledge that you learned on BiggerPockets, and Rich dad Poor dad, that you too will be lending people money, and charging interest over a 30 year amortization.
9 November 2020 | 511 replies
@David Friedman no doubt as time passes by more and more people from LA are moving to inland Empire so its up and coming however everything even here is very pricy and still impossible to get the 1% rule!
24 February 2021 | 64 replies
Thanks for sharing and keep building your empire.
27 April 2020 | 111 replies
@Russell Brazil I am 75 so no empire building.
28 April 2020 | 101 replies
Think of it this way, suppose you started out and you build a small RE Empire which winds up being worth a $1 Million.Then, for no fault of your own, you got into a Car Accident and are no longer able to go through towards your Goal of $100 Million.Life happened, but you did your VERY BEST.
9 March 2022 | 118 replies
Keep it all liquid to build your real estate empire.
28 January 2021 | 31 replies
Building up a real estate empire is a fantastic idea in theory, but in practice unless you're incredibly lucky, you'll be better off putting it in some sort of truly passive investment, like Redfin stock.I believe MOST people here do not realize how problematic real estate investing can be, the degree to which luck plays, how little is truly within one's control, and how inefficient and illiquid the real estate market is.
7 December 2021 | 86 replies
I have another property right across the street, and I don't want them to start targeting it if they learn I own it as well.Also, when this older guy asked my tenant for money, she said he bumped his waist with his elbow and made the comment "oh I just bumped my gun."