Attorney · Raleigh, NC · Member since 2008 · 4k+ posts · 1k+ votes
1. Your worth a million dollars and can't afford to buy a sandwich.
2. You tell your realtor to send you properties that smell like cat urine.
3. You have at least 5 unopened packages of white, walmart miniblinds waiting to be installed in the next property.
4. When your prospective tenant warns you that they think they have bad credit and after running their report you call them to see if they want to be a credit partner.
You know you are a real estate investor when your wife falls in love with a new house for you to live with her in and you immediately don't like it because it's not a foreclosure/REO or other deeply discounted property......
1. You haven't been out on a date in months (by choice) and you spend your Friday and Saturday nights looking for properties on craigslist, talking about deals with your partners and searching the internet for the latest "slight edge" that you can get.
2. You car looks like a homeless person's because the back seat is chock full of real estate CD's, books, signs, and tools.
3. You are sitting on this website at 3:30 on a Sunday trying to think of something funny to say, instead of spending a beautiful day outside.
4. You want to kill people who bring you a deal without the necessary information because they have wasted your time
5. You carry around a stack of "pay rent or quit" notices in your car, just in case
6. You have a really big metal flashlight in your car, that you think might save you, if you ever get attacked in one of the vacant houses you always go into.
Google Flip This House and watch any episode all the way through. They do an on screen cost analysis that consist of purchase price, rehab, and sales price.
Where are the freaking closing costs, holding costs, and taxes.
Thanks A&E for contributing to all the repos I have to sell with granite countertops and unfinished drywall.
Google Flip This House and watch any episode all the way through. They do an on screen cost analysis that consist of purchase price, rehab, and sales price.
Where are the freaking closing costs, holding costs, and taxes.
Thanks A&E for contributing to all the repos I have to sell with granite countertops and unfinished drywall.
I am beginner as some of you might know... but still, here's my shot at it! ;-)
- You buy a house 'cause you want to buy an expensive perfume using the 1st month positive cashflow
- Buy a car the 2nd month and use the positive cashflow to pay your monthly instalment or lease - Courtesy - Robert Kiyosaki
- Write to Microsoft and YELL at them for not having a REI XBOX game!
- Buy a house, because you paid taxes of $1.00 last year (and make it ZERO this year)
- Talk in CNBC 'money talk' and say 'you dont need cash or credit for REI'
- Empathize homeowners who bought houses at the height of the bubble!! LOL
- Have Biggerpockets.com as the default HOME PAGE in your internet browser
- Buy a real estate book from amazon while your wife wanted you to buy a book on interior decoration
- Take all the money out of your bank account and invest in stocks rather than keep it in savings 'cause you are NOT getting ENOUGH RETURNS for your NET WORTH
You're blogging along and realize there's a new mortgage cap reduction from 10 to 4 (including purchase) and you try and go to Freddie Mac's webpage to see it HELOC's count as one or two mortgages. Turns out--no.
1. you know you are a real estate investor when you are looking at the wrong property if your GPS says "beyond here there be dragons", and you have to walk the next mile to get to the property, since your car won't make it. The only person around is Barney Fife from Mayberry not understanding why you do not want to total your car in the no-man's land area surrounding the property.
2. when you agree with more items here than not.