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All Forum Posts by: James Canoy

James Canoy has started 19 posts and replied 243 times.

Basically as the question says. I do t want to waste money on a subpar list if it’s not needed.

I'm trying to set up listsource but I don't want to waste a bunch of money by making my list too large or not get deals by it being too small. 

Post: Dropping out of High School.

James CanoyPosted
  • Kingston, Ny
  • Posts 252
  • Votes 138

@John Moorhouse

Life is full of hoops that must be jumped through. It may feel like a waste of time and 99% of what you learn won’t be used or remembered. But high school is the low tier hoop that you have to have. It shows basic competence. In the end it’s just a box that has to be checked for jobs and your future. You don’t know how your future is going to pan out. Think of all the other people you may know without that diploma. I can’t think of any of them I admire.

Post: Dropping out of High School.

James CanoyPosted
  • Kingston, Ny
  • Posts 252
  • Votes 138

@John Moorhouse

Do not do this. I felt the same way and failed my way through high school. Eventually I needed the army the knock me into the right place. Now I’m an md. I passed through being a janitor, fast food worker, furniture sales, quality control “chemist”, phlebotomist, etc en route. I wouldn’t have gotten any of those without my diploma.

You’re young...things change. Don’t do this. Please.

Post: $20-50k for a mentor?

James CanoyPosted
  • Kingston, Ny
  • Posts 252
  • Votes 138

@Brandi Graham yeah. Don’t do this. What area of real estate are you interested in? You probably simply aren’t at a stage yet to take advantage of the material. I wouldn’t have been and I was chomping at the bit for a mentor.

Some of the best things to do first are to go to your local real estate investor meetings. Check meetup.com. Many many deals come straight from networking. It’s also a great place to find pre-vetted lawyers, contractors, agents, and investors to partner with.

Check business networking meetups.

Set up an account at your local credit union.

Post: How can I buy my first property with very little down payment?

James CanoyPosted
  • Kingston, Ny
  • Posts 252
  • Votes 138

Have you considered a commercial loan? Are you a veteran?

Post: 1% Rule Clarification Needed

James CanoyPosted
  • Kingston, Ny
  • Posts 252
  • Votes 138

@Colby White it’s total costs.

Post: Gutsiest thing you did starting out in REI?

James CanoyPosted
  • Kingston, Ny
  • Posts 252
  • Votes 138

@CJ M. I was fainting at the first closing table. To the point that my lawyer was taking the papers away. Still did it.

@Jason C.

Accidental discharge? Someone was playing with a loaded gun inside your property. PLAYING. It was either a kid or an adult so in either case the adult is incompetent. Let’s say they don’t kill their neighbors. They still put holes in your walls. Even a BB gun will do that. If they do harm their neighbors you better believe that you’ll get sued for letting this go on.

Do you really want incompetent gun owners who have loud parties on your property?

Post: Flipping houses, how do you study how to design it

James CanoyPosted
  • Kingston, Ny
  • Posts 252
  • Votes 138

@Jonathan Watt

Honestly, I use the flip shows. Not for the price quotes but because they dictate to their viewers what they want. Paint has to match cabinets and flooring. Look up color palettes. Try to keep with the same kind of wood type so that the grain is the same. You may consider staging.

The rest of what they do is either staging or providing a fully furnished and complete home to people. There’s nothing wrong with that but that is beyond the purview of just flipping.