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Updated almost 16 years ago on . Most recent reply

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Josh Hamm
  • Real Estate Investor
  • Tacoma, WA
0
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12
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When you can't get it from a bank....Where do you go?

Josh Hamm
  • Real Estate Investor
  • Tacoma, WA
Posted

How are most people funding deals right now. Are people looking to Hard Money, Private Money? If you want to keep the pipeline full of deals what are some really creative ways to get cash?

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Vincent Polisi
  • Virtual Real Estate Investor
  • Santa Rosa Beach , FL
77
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76
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Vincent Polisi
  • Virtual Real Estate Investor
  • Santa Rosa Beach , FL
Replied
Originally posted by Jon Klaus:
"Stop spending it, you will have it to invest"

Ah, discipline and deferred gratification. I though this was supposed to be easy!

Amazingly, this market is turning all of us debt mongers who lived large on leverage into our grandfathers and great grandfathers who survived The Great Depression and then paid cash for everything.

While certainly I am not sitting in judgment or pointing fingers because I have been guilty of many financial, investment and spending mistakes in the past, it never ceases to amaze me that the largest majority of the population never pays anything ahead to ensure financial peace.

It is reminiscent of Parkinson's Second Law, "Expenses always rise to meet income".

I think it was his third law that stated, "With credit, Expenses always exceed income".

America is going through a painful Financial Renaissance. The sad part is that it would seem that everyone is clamoring for the way things were and the understanding of the mistakes that led to the current situation have not yet been mentally absorbed.

The addicts are going through withdrawals and pleading for more access to debt and don't yet realize that it is the debt drug that caused the withdrawals, not the absence of debt.

Those who don't learn from their mistakes are destined to repeat them.

Man, I hate sounding like someone's father.

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