All Forum Posts by: Daniel Peavey

Problems, trees falling on houses, leaks rotting out sub floors, etc, etc, are similar to a boxer being punched in the face

Staying in the ring, builds toughness, character, and if you keep eye on prize, builds financial freedom!!

Success, has a cost, persevering through storms, beyond feeling and emotion, brings you to next level of investing!

Staying the 12 rounds = victorious cash flow!!! 

What the Big boys and booksellers dont tell you, is, they are free, but not really!  

What do I mean?  In the same manner they chuckle at the profits, overseeing the trade minions doing the real work,and teams they’ve assembled, the big bankers look at them in the same fashion, chuckling at them, hoping they do all these Brrr strategies, over levering and crashing when the economy tanks!

The only true financial freedom is owing zero, with enough cash flow!!

If your at a banquet, how many cakes can you eat? These investors and booksellers only tell half the story!  It’s no fun owing millions, unless, of course it’s OPM!  

😎

Steve,  your right!!  Of course, making the deal and making 187k is thee way to go!!

If I were younger, and trained with proper mindset, of course the syndication and raising of funds is smart thing to do!

When I bought my houses in downturn, I was buying homes from 25 k to 40 k.  I was ahead of the hedge funds and Corporate minions.  I was very tempted to raise 1 million and buy the sub divisions, maybe 20 to 25 more houses!! Of course that is way to go!

My heart is to the average Joe!!  He can’t read books, he hates his job, he wants out!  Let’s not subjugate him to the whims of the stock market, excessive information with really intentions of selling books, let’s be the real deal to Joe!

There is minuscule chance, an average Joe who wants to be successful in Real Estate, other than borrowing money from family, having many friends, raising capital via syndications, creating a Corporate Entity, ( which necessarily don’t impress me, there 100 unit apartments, over leveraged, I could do in my sleep!

Back to average Joe!  If you buy a 50 k property, put 20% down, which is 10k, you must paint, do some Sheetrock, save on sweat equity, in the beginning!!  “Joe”, learn all you can, get that first Deal under your belt!!

Example:  I just had a punk move out, trashed my doors!! This is old house, door frames old school, etc

150 bucks for a carpenter to cut in hinges, Mortis in strike plate etc ( I think it’s mortis)

Long story short, I saved a thousand bucks today, I learned!!!  And, I have finances to pay!!

My point!! Average Joe!! You guts to be hungry brother!! If you get into house for 10k, and it needs 20k in repair, you guts to learn and be a lion

Not to mention all the electrical work I fixed!! But, I’m Electrician by trade!! Plus, a master communicator 😂

Let’s write a book!!!

Peace 

Keys!!! Keys!!! Keys!! 

Managing and renting in Class C area; what propels you past the Institutionalized management companies and Excel minded Investor......

1. See the invisible!!!!!

2.  Gut instinct!!!  More important than intelligence!

That’s why my vacancy rate 5% over last 5 years!!

Remember!! See the invisible! 

What!! Create blog on Bigger Pockets??

Or, personal blog??

I doubt they will allow you to advertise a personal blog, correct??

Unless, of course on show.  😊

Maybe, I can work Deal with them??

Poetry for contractors!!

Or, softer hearts for Investors!!

Sound good Steve??

Jeshua, all good points bro!!  I agree!

I’m thinking of scaling my business

Hiring things out

But, it’s soooooo great a feelin

The booksellers and Investor needs me more than I need them 😂

Thinking of writing book also bro

But, my poetry is off the charts

Think Josh and Brandon would let me share a poem?? 😎

Here is beauty of my Real Estate Jorge!! The dimension beyond the world of book writers and investors!  I don’t need to partner with no one!  I do it all bro!

I write contracts, manage, counsel, even write poetry and quote to clients, not to mention doing all the work

There is a intrinsic satisfaction Jorge, a dimension beyond, sort of like riding on a corn flake in the sky!!

Know what I mean bro?  😎

Jorge, he’s just a bit better than me, that’s all!  Always be willing to take lower seat Jorge!!  Remember also, don’t rise above your tradesman “journey man”, edpecislky if your just a plain ol Investor 😂

So true Liz!  I may read a whole book to gain a nugget, because guys with 2 years experience write them!!

The beauty of Real Estate is your constantly gaining intrinsicskill and sharpening your own decision making process without reliance on others!!