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All Forum Posts by: Ezra Henderson

Ezra Henderson has started 21 posts and replied 106 times.

Quote from @Eliott Elias:

Rates will go back to the 2's early next year

Woah I would love to hear why you think this would happen! I hope you’re right. I have no idea/opinions about the subject myself, I’m honestly just curious why you think this 

Post: What to major in College for RE investing?

Ezra HendersonPosted
  • Wadsworth, OH
  • Posts 110
  • Votes 91

I’m going to have to agree with @Jerryll Noorden on this one, we should just move on.

I didn’t highlight those people because of their companies, but because of their success even though they dropped out of college. And by the way, I think everyone should finish high school 🙄. Again, I was just using these two people as an example, I wasn’t implying that is what anyone should do.

I also said that for tons of jobs college is super important. Remember my doctor example? But you can read a book on how to find deals, or watch a video on how to sign a contract, etc.

Post: What to major in College for RE investing?

Ezra HendersonPosted
  • Wadsworth, OH
  • Posts 110
  • Votes 91

@James Hamling

I don’t know where in the world you got the idea that I think “education doesn’t matter”, I never said ANYTHING like that. Nor did I say that drop outs making millions is “easy and common”, I simply gave two examples of people I know. You are really good at twisting words.

I think education is of infinite importance! All I was saying was that I don’t think everyone has to go to college to get educated. For a lot of things in life, experience is the best teacher. And I doubt there is anything taught in college that you can’t google, read a book about, listen to a podcast about, YouTube, or take free online courses for. Ever heard of Bill Gates? How about Mark Zuckerberg? Paul Allen? Larry Ellison? Forget millions, each of those guys have made billions. Not because of college and degrees, but because of their willingness to work hard, be smart, learn, and show initiative.

I am not calling college worthless at all, if you had payed attention to any of my previous posts you would realize that. For some people, for some jobs, college is super important. I wouldn’t want to get surgery from a doctor who skipped college and just listened to podcasts! But for some people, college would be a waste of time and they would be way better off just getting started.

Post: What to major in College for RE investing?

Ezra HendersonPosted
  • Wadsworth, OH
  • Posts 110
  • Votes 91

I guess one thing I’ll add is that a lot of it depends on how hard any given person is willing to work. Someone who is willing to work hard, act smart, overcome problems, show initiative and never give up is likely going to succeed whether or not they go to college. 

College can be a sharp tool in the hands of someone who is willing to work hard. But on the flip side, I also have friends who all they learned in college was how to party and sit around playing video games all day while doing drugs. 

I’ll also say that if someone isn’t willing to work hard and show initiative, then I would recommend going to college and getting a degree. They likely aren’t going to make it in business or RE without these traits, and it’s much easier to find a good paying 9-5 job with a degree. 


But if you do have these hard working traits, and don’t feel any longing to pursue anything specific in college, then I say screw college and jump in and get your feet wet. You can learn pretty much anything you need to know about RE and business from books, podcasts, google, etc. And skipping college you have a four year head start to work, save money, and gain experience. 

Post: What to major in College for RE investing?

Ezra HendersonPosted
  • Wadsworth, OH
  • Posts 110
  • Votes 91

Haha wow… I really wasn’t expecting you to blow up like that! :)

I'm sorry my post offended you, that wasn't my goal at all. While I can't say I look up to you, you have definitely accomplished WAYYYY more than I have, and I wasn't trying to compare you to these other successful REI's. My point was to prove that you can be successful either way.

I won’t try to defend my original post (though I do suggest you reread it). All I was trying to do was build a bridge between what @Bruce Woodruff said and what you said, as you seemed to take the two opposite extremes. All I was trying to say was that for some people college is right, and for some people it’s not.

Post: What to major in College for RE investing?

Ezra HendersonPosted
  • Wadsworth, OH
  • Posts 110
  • Votes 91

@James Hamling Maybe I came off too strong. I guess I can’t say that for certain as I don’t know how much Jerryll has made through RE, but I have a relative who has made hundreds of millions through real estate who dropped out of high school. As well as a good friend/mentor who has done the same. It’s true 🤷‍♂️ believe it or not

Post: What to major in College for RE investing?

Ezra HendersonPosted
  • Wadsworth, OH
  • Posts 110
  • Votes 91

Woah… calm down there Jerryll 😂 you don’t need to go throwing your degrees at us like that. There are a lot of us here who have a BS (Bull Crap) and a MS (More of the Same) or a PHD (Piled High and Deep) and it hasn’t done us any good at all!

I don’t think Bruce was saying that your time in college was worthless. College is great for some people, and a bad idea for others. It just depends on what they are wanting to pursue in life. I really do admire what you have accomplished with your degree, it’s impressive, but I also know people who are even more accomplished than you who dropped out of high school and never went to college.  You can accomplish a whole lot it RE in the 8 years a lot of people spend in college. 

Post: Flipping as Interest Rates move

Ezra HendersonPosted
  • Wadsworth, OH
  • Posts 110
  • Votes 91

I’m still buying but I’m being very cautious. No huge rehabs that will take forever. I’m buying low enough where I can list it on the lower end of the market and still make money. Not where I list it for the most I could possibly get and count on making money that way. As interest rates rise, people are going to be able to afford less of a house, so be ready to sell them what they can afford. The key is buying low. 

LVP (Luxury Vinyl Plank). I still love the brand LifeProof from Home Depot. You could drop a nuke on it and it would still look fine

Post: Do you follow 1 percent rule

Ezra HendersonPosted
  • Wadsworth, OH
  • Posts 110
  • Votes 91

I'll be honest here where I live in Ohio I hit the 1% every time. If not more. But I never analyze a deal using that rule. It's a good basic guideline, but there is SO much more that goes into analyzing a property. CapEx, taxes, the area, etc.