All Forum Posts by: Eric Adobo

Pure genius.  Collecting rent over long period of time lowers BASIS. 

I apply this thinking to my stocks and their dividends. Not once did I apply it to 🏡 investing. 

From now I will apply it to RE too. 

Problem with crash thinking is you won't know when  to pull the trigger. 

Example say $330,000 Vegas rental starts selling  for $250,000.

Do you buy or wait till $175,000.

Knowing during the last crash they were selling for $80,000.

Having Said That I Want A Crash. 🙂😀😁😊

Don't fall in 😍 with Kiyosaki. 

He says to buy assets. Or start your own business. 

1. Generally speaking. RE is priced to perfection, right here right now. 

3 years ago  anyone could make loads of 💰 investing.   I did... 😇.

Could I do it today.  YES but not with the strategy I used 3 years ago. 

Kiyosaki is horrible in RE. 

Kiyosaki called for a stock market crash in 2017.

Morris used Kiyosaki in an 📧 reCently. Don't know what that was about. 

2 Start Business.  Most are just not into that. 

Brain food is where Kiyosaki shines. Everything else he bloWs🤗🤗🤗🤗😆😆😆😆😆😇😇😇😁😁😀😀

Labor verSus 💰. 

Personally I think the money partner deserves a bigger share. 

Escrow doesn't take labor. The 👦 who is @risk of losing many 💵 S needs to be taken care of First.

Offer one 💵. Just to show your good faith.

You need to cough 👆 a lot more info. 

BP members only buy good deals.

🤔🤔🤔🤔🤔🤔🤔🤔🤔🤔🌓

20 K and she worried about LLC. Prove to yourself you can get the 20 K first.

A few weeks before payday get on Legal Zoom n do it. 

True story. 

Hawaiians 😍 Vegas. 

2 👦 n 1 👧 buy C-section plex in Vegas.   I think it S a D. 

One says they will handle mgmnt. 2 others are 💰  bags. 

First tenant moves out. The Operations guy wants out after meeting new applicants..... 🤗🤗🤗🤗let's just say they aren't salt of the 🌍 kind of people. 

Other 2 don't know what's going on. They are passive investors. But I know the 👧 will 😢. 

I m projecting a sale and a big loss. The passiveS can handle the loss. The Operations guy will inevitably come 👆  with another can't miss Deal. 

If your name is on title it's not really passive. Even if you don't lift a finger. 

A stock REIT is passive.