All Forum Posts by: Account Closed

AFTER OWNING AND MANAGING D & C'S FOR A BIT---- AND THEN WORKING WITH AND OWNING A'S AND B+'S----- NOT EVEN CLOSE... A'S & B'S ARE PREFERABLE. THE APPRECIATION & LINES OF CREDITS FOR THESE TYPES OF PROPERTIES EASILY MAKE UP THE PRICE DIFFERENCE. 

TO PROTECT THE BANKS INVESTMENT IF THEY HAVE TO FORECLOSURE, THEY HAVE EQUITY TO SELL. 

DONT FORGET TO PUT "IN MY OPINION" AT THE END OF THAT.... TAKE INTO ACCOUNT INFLATION ETC--- 7 % IS A EASY NUMBER, ESPECIALLY WHERE WE ARE IN CA. 

@Vinh Huynh ID TAKE THE NEGATIVE CASHFLOW FOR 7% INCREASE IN VALUE EACH YEAR- SELL IT AT YR TEN! $$$$

$300 A MONTH IS NOT GOING TO CHANGE YOUR LIFE—- A COUPLE HUNDRED THOUSAND IN 10 YRS WILL.

YOU CAN BEG FOR $300 IN AN AFTERNOON ON A STREET CORNER TO COVER UP THE EXPENSE.

@Lindsey Spivey KUDOS FOR GETTING A DUPLEX AND NOT PAYING THE MORTAGE—— TO YOUR QUESTION, HELL NO I WOULDNT LET THEM DO THAT. THEYLL EXPECT SOMETHING LATER, IF NOT BILL YOU FOR IT! 5 YRS OF MOWING FOR EXAMPLE, TAKE U TO COURT AND YOU COULD BE FORCED TO PAY FOR SERVICES RENDERED. IVE SEEN IT HAPPEN! COURTS HATE LANDLORDS!

I OWNER FINANCED MANY OF MY UNITS IN ST. JOE---- ITS A BEAUTIFUL THING I HAVE TO SAY. BIG DOWN PAYMENT AND MONTHLY INCOME FOR THE NEXT 30 YRS. IF YOU FORECLOSE- SIMPLY REPEAT. 

GOOD LORD. THIS POST IS DUMB. 

@Kath Marie thx, it’s exactly my point... it can be a nice income stream for sure no doubt, but why not vertically integrate? Take all of the profit and build and actual business instead of the hamster on a wheel? Just my 2 cents.

@Christopher Lane Ditch the wife, make some money, find a younger girlfriend and retire in Nicaragua... life is too short for that kind of negativity. Being an entrepreneur—- you fail 99/100 times, especially in the begining. If your wife brings that up and throws it in your face, I would throw the book back at her with D-papers in it.

Reminds me of one of my family members—- always calls me with ideas.... gets shutdown by his wife and her Dave Ramsey 401k work until your 65 plans. Lol

Goodluck and be true to yourself—-

I would just get a RE Liscense and partner with a money guy--- make the commission, get access to deals via MLS, network, and make $ on the flip or development and vertically integrate. It amazes me how some people will go through all of the work to farm an area and pass off profit to others.

 I haven't met a multi-millionaire wholesaler yet-----