All Forum Posts by: Account Closed

 They are the CEOs of Microsoft, Google and Pepsi. Total market caps of over 2 Trillion Dollars. All Indian Americans. But Im sure there are other immigrants from other countries as well. 

 Really? Ethnic names didn't seem to hold back Satya Nadella, Sundar Pichai, Indra Noori and countless others who have made it to the top echelons of American business. I never anglicized my name and honestly while I have encountered my share of racism I dont think my name ever held me back from any success.

 You may or may not be getting ripped off but apparently you are getting (or hoping to get) screwed! LOL..

 Exactly! The man does protest too loudly! If you really do have such a brilliant unique system that somehow nobody else has thought of and is so easy to implement you will quietly sit there and buy 10$ houses all day long and hope nobody else ever finds out! But if you are trying sell a system then you shout it from the rooftops and make wildly unbelievable claims with apparent "proof" and hope people believe you. A quick Google search tells me that what he is selling is actually a SEO product for generating leads. Again, if my system was really that great and I could buy $10 houses as easily as he says he can, why would you sell the system rather than just use it for yourself? This is true for any guru of any kind. But hey, maybe Im just a cynical non believer and Im okay with that.

Stupid wholesalers doesn't begin to describe them. I get messages addressed to my ex wife (divorced over 18 years ago) for my first home, and for properties I sold a year ago. Even in the Bay Area where I can sell my home for multiple offers in cash in one week I get clueless wholesalers offering to "solve my problem". For my Indiana properties its an endless barrage of texts (and since I live in a different time zone they come at all hours of the night) and I have to silence my phone at night to avoid this nonsense. Add to that a basically exploitative model based on stealing equity from uneducated or elderly sellers I would argue this whole business model needs to made illegal with no ambiguity. It actually IS illegal in most places but the presence of this forum proves that enforcement is lacking.

@Claude Vargas very few people will ever generate enough cash flow on leveraged properties to live off the proceeds. You buy a few good houses that generate 1 to 2k pwr month after expenses and pay off the mortgage as fast as you can. Thats how you do it.

If your mortgage is 2600 assuming rent is more than that. So first/last/security adds up to probably close to $9K. That is a lot to ask from someone to move in. Most renters dont have that much liquid cash. You could drop the last month and if she is current going forward you should be fine.

 Ooh boy. You stirred the hornets nest of the "refi till you die" crowd. I dont think the monthly  vs annual lump sum will make a big difference either way. I fully support your paying off the loans and calling it done. What most people dont realize is there is an endpoint to the game. And if you have reached it good for you! I also payed off all my properties and living with ultimate freedom and piece of mind on investment income and no debt. Until you get there you will never know the feeling. And neither will most posters here who cant get off the debt treadmill.

Most of my airbnb stays have been quite good. I only go to those places with multiple 5* reviews and super host status. The one time I didn't was terrible. The place had no reviews (I assumed because it was a new listing). Price was good and pics seemed fine so booked it. When we checked in it was terrible. Immediately called airbnb and sent pics but they were completely useless and said they need owners approval to refund the prepaid stay. Finally talked to the host and they agreed to refund the money with a request not to post a bad review. I agreed and this is why the place has no reviews. Lesson learnt.

It is extremely naive to believe that you can create a parallel currency outside a governments financial system. Was it Lenin who said "Power comes from the barrel of a gun". Your "free" bitcoin runs on servers powered by electricity controlled by governments. And tomorrow it can be outlawed with the stroke of a pen and enforced by the above mentioned barrel. Bitcoin is far too volatile to be used as a day to day currency. As a risk asset class, sure, you can take a flyer on it.