All Forum Posts by: Earl Hatmaker

@Michael Junior simple to find the owner of a property through a quick search ONLINE, NO NEED TO GREASE THE LOCAL CLERK OF COURTS. However if you aren’t sure on that you probably need a little more education before you walk up to an owner occupied place that is in foreclosure to throw them an absurd offer. You would need to know if it’s just a mortgage foreclosure or if they are also behind on taxes. Say you acquire a property with backed taxes, someone can foreclosure on that even if you have a deed free and clear. Taxes trump mortgage, do some more research before diving into shark infested waters.

@Noah Farley that’s 99.8% of people in general. Glad you made your choice young. Finish school, flying helicopters is a niche, it’s not like you’re getting a bachelors in a overly saturated field. If nothing else you’ll be flying your own helicopter once you get your real estate figured out. Go to local REI and be on the lookout for a mentor.

@Michael S. If you go through some post you will see Thomas just likes to go through and be negative on everyone’s hopes and dreams... I’m not sure what he’s doing that is so swell but he apparently must know everything about any topic. Maybe he survived the depression and puts coins in the walls I’m not sure? I have a small amount of student debt and have no issues investing in what I can afford. I buy lots in tax foreclosure, it doesn’t put anything at risk and I pay cash. I also own a business that I acquired when it was failing. I took out 100k loan to purchase this business, this is not bad debt, it’s working debt. The business pays its loan and the cash flows enough to pay me. Is that bad debt, getting paid? I also own another busIness that we are In the process of expandIng. I could take out a HELOC since our house is paId for and put our primary home up for a busIness. (bad debt: what If the business fails and I cant pay on my HELOC) Or take a 504c loan at a fixed rate as an LLC and occur no personal debt or liability. The business pays the loan and stIll pays me. (good debt: If the business doesnt work, walk away) Same as real estate. You get a loan for a property, someone lives there to pay your mortgage(debt), is this bad debt? If you buy right, you already have equity, so NOT AT ALL. Someone doesnt know the difference between bad and good debt. Bad debt is being over leveraged and not knowing how to handle your investments. Last good debt example: We rack up enough free travel points by using our AMEX every month for expenses . We pay that statement each month. We travel for FREE, is that credit card bad debt? Lesson is, do what’s right for you, not what’s right for others... 🤔

@Alice Lau you need to go to meet ups and find a broker who specializes in Multifamily. Deals online mean that the brokers TOP players passed and you probably should too. Most deals are off market and possibly the owner hadn’ even thought about selling. GOOD LUCK

@Joshua Levasseur meditation, meditation, meditation!!! I own the yoga studio where my wife teaches and that is her focus. It’s amazing because meditation can not only silence the mind but you can also utilize it in the mornings to picture where you want to take your real estate game. Try 2 minutes in the morning and 2 minutes at night. There are plenty of free apps out there! Also getting your goals on paper and creating focus for what you want to do long term can calm the mind to help you complete the smaller task in between! Hope this helps, good luck!

@Michael Gunn what part of Michigan are you wanting to go back to? There’s a lot of great opportunity for STR and the Midwest is probably the best place to be starting out as far as COC returns, IN MY OPINION. I’d do what others have suggested, pick a play. Multi family, single family, hold or flips, vacation rentals(depending where in Michigan), and then find a mentor where you will be moving and one in Dallas. I met someone at a seminar who only does vacation rentals close to mackinaw, only rents them 7 months out of the year and is making a killing. Every successful real estate venture will include one thing, FINDING THE RIGHT DEAL. Good luck!

@Bryan Clement amazon audible free down loads this month are meditation and work outs on the GO . Mental exercise (learnIng to calm the mImd) is just as, if not more important for success in my books!

@Matt K. Everyone is using the extreme 4 plant grow process, CLEARLY NO ONE ON THIS THREAD GROWS. Also you have to be stealing power and a criminal if you grow pot, right? And last time I checked it’s 2018 no one actually smokes flower... they smoke concentrates. As long as no one is cooking meth or turning a unit into a grow operation then I you’d have a hard time finding out who is growing pot, unless they admit this up front. How does the law proceed with protecting people that want to grow? If they aren’t smoking can you kick them out for growing? I grow lots of things indoors and have a pretty elaborate set up. Yes I own my home but I would give a lot of push back to a complex or landlord if they didn’t allow me to produce my own plants. Pot or not growing things inside is completely safe and actually rather therapeutic. Maybe some of us on this thread need to try some new ways of thinking since POT is LEGAL in our brotherly county!

@Deep Johal Ohio is my backyard and you are correct! There are tons of opportunities in the Midwest!

@Brian Orr just know when you go they will try to sell you something. If you have the purpose and intention when you show up that you will be using this seminar the same you do a REI meet up, you will walk away with great connections. I teamed up with a couple people I saw buying the 50k program and know I can use the network they bought into, YOU DONT HAVE TO BE THE SMARTEST GUY IN THE ROOM TO DO THIS... The short is: have a plan when attending and you won’t get burnt.