All Forum Posts by: Fay S.

@George P. you should reread my post..I said I invest in stocks, real estate and private investing. NOT investors...meaning I’m a silent angel investor in other projects. I know what free and clear means george lol that’s why I said I own over a dozen and yes 12 are free and clear and after the flip I just did I will pay off two more and just looked into another rental...the goal is to own 24 free and clear by next year. Close to 400k has been put down over the course of 5-6 years of investing..work buy..work, buy, flip..,work, save, rental income buy more..repeat cycle..keep your money circulating and living within your means. Good luck to you! 

@Michael King it’s more of a spring/summer car. Not my daily. But it’s a hybrid. Gas and electric. So you can always fuel it. Battery becomes reserved in gas mode. Slight charge is used..but enough to get you to your daily commute and plug in. In Michigan the weather is not the very best. And it’s a low car, a lot of pot holes. Enjoyable at car shows or cruises..Tesla is awesome! Great daily. But I don’t think it’s a hybrid. Full electric. You are right, you maybe stuck needing a charge. 

@Brian Johnson thank you! Been buying for six years now..it’s paid of well! Good luck to you and everyone else! 

@Timothy M. over the years having no debt from school (paid through the stock market) working two jobs at A of salary (120k) a year and buying from 2014 and up distressed homes with high equity it’s achievable. Through the years I’ve needed to put close to 400k down to build a net worth of close to 2million. (Net worth is mainly real estate, stocks and private investing) Each home I picked up was from wholesale. Many where in distress and did not want to go bankrupt and others where bought through the bank (foreclosures) So many gem properties where found in areas not many cared to look or figured the city I was buying was done with. A few years later the market turns around and that city I purchased has doubled in value. It’s all about timing.  But over the years to accumulate my net worth I’ve had to put down a good portion Of cash down. I help work on the properties myself, and have found great sub contractors for great prices as long as you put out referrals and keep using Them they are always at your mercy( and helping you save on repair costs). Its truly amazing how some of the homes I picked up needed very little to no work in them. Over the years there are Maintance’s on the homes and have found great reliable and fair handymen off Craigslist. I even picked up a property on Craigslist. 17k sits on a double lot. I could even build another home on the lot next door. It’s all very well possible to achieve. You just have to do your due diligence. Bank auctions were my best chances at picking homes cash with high equity. The market in my area is currently a sellers market so I’m liquidating to have cash reserve to pick up when things start to go down this fall with everything happening. When you buy with cash you have more leverage to negotiate deals and walk away with more equity. 

I’ve owned a few in land contract as well..put down 10k on a deal of 50k Terms three years at 6 percent. Paid off two years ago...1 home sits on three lots and is valued at 120k. I had it rented for 900 paid 300 out of pocket to pay them off before the 3 year term no balloon payment. 

You don’t need to put down much to gain that much equity. The numbers just have to be right for you on when do you want to see a return. 

Hope this helps you understand a bit.

@Timothy M. Hello Tim, Hustling is ignoring the haters and any outside noise and owning over a dozen single family homes free and clear and generating long term income with a net worth income of close to 2 million and recirculating your income to buy more rental properties or flips. Iam not a contractor. I simply self manage my own homes. That is what i have done and still continue to do. Anyone who works to save is losing out on life. Take risks, and invest. In order to invest you need CASH. Therefore to do so, you may need to pick up a second job if you wish to do it alone. Or you can go in with someone you trust and share the profit. Moral of this post is simple....If you work hard, invest your money in the right market YOU WILL BE REWARDED. You are not ready for success if you care about the opinions of others. Its lonely at the top. And nobody really wants to work. They find excuses not ways. Circulate your money and never be at the mercy of someone else ( a boss) Hope this helps you wrap your mind around it all now!
 

@George P. its already under contract...full asking price! Good luck to you!

@George W.thank you for the post! My profiles is diversified..stocks..re..crypto..it’s nice to reward yourself to however your liking is...still drive my 2002 Toyota..this is a spring summer car for my hobby/enjoyment! Reward yourself along your journey! Good luck to you! 

@George P. 518 Brandt st garden city mi 48135! Enjoy! 

@Account Closed everything I have acquired has been in Wayne area..Taylor, garden city, westland, dearborn heights..I listed a property a few days ago on Zillow and went under contract in 48 hours..I work two jobs as a medical scientist and would go after work or late evening and work on them. I sub contract workers but you always have to oversee everything..and add touch ups yourself..the market is hot. You definitely get more for your money here than in l a. And people are always wanting to rent and buy now that the interest rate is low! Feel free to dm me and we can exchange info. Always happy to shed light! I have always bought and held. But last year I did one flip and this year I have done one. Any thing I have gained I have used to pay off a rental and pick up a new one. Good luck to you! 

@Account Closed thank you so much for the support! Stay safe and remain blessed!