All Forum Posts by: Jay Hinrichs

Appreciate those stats.  Definitely eye opening.

Lease Options are closed at the kitchen table so... 1 hour? Sure I had to order a title search and have the option recorded which usually takes a day-ish. But the deal is essentially closed by the time I walk out of the seller's house.

Hi!

Im looking to get a fix and flip loan and was referred https://lfglending.com/. They have some great terms. Has anyone used them and had good/bad experiences?

Thanks!

Hello, 

My fiancé and I are closing on 4.86 acres. Our plan is to build something smaller on the land and parcel it up because per the zoning (residential) of the township, there must be only one home per lot. So as I understand I have to create a plat through an engineer and present what Im going to do if I want to build 4 homes on the property. The totality of my plan is to divide 3 equal lots, build economical but marketable homes on each, rent/sell them, then use the equity from them to collateral our forever home on the remainder of the property. I think I will long-term rent them most likely as we are nurses and see ourselves taking care of our parents later in life, so ideally we would like to keep the homes. We just have no idea what to build, I don't really want to spend 250k. Any ideas of something that builds fast for a 1500 square foot home? I'm going nuts. We marry next August

That is an awfully hateful statement James Wise. I don't know who you have been working with but my company does some wholesale deals and we are far from trash. I'm not sure what that even means but our company is Property Solutions by InfinitiWin- If we can't create a situation where everybody in the deal, and I mean EVERYBODY wins, we won't do it. We genuinely help people in really difficult situations and they are always grateful. For that matter, we also have a meetup group (except "meetup" groups are not really much meeting up these days) anyhow our meetup group that mostly meets on Zoom is called Ethical REI of Northern NM.

 Still $75-$150k if you're flying 15-20 hours a month. That's WPB to Hamptons 5-6x/month.

If you're flying less then that, then the time of traveling really isn't costing you unless you're also a larg(er) party or you need privacy status.

The breakeven point on the point is usually 12 hours/mo of traveling if it's 1-2 folks. That's if your time is actually worth it. If it's just a random thing you want to try once, go for it. If its a way of business life, this is one expense you really want to fine tune as it adds up but also saves your ***.

International whole other ordeal. Most expensive trip we tried was 6 of us from Miami to Mykonos back in 2021-- $210k. It would be closer to $290k now. We go commercial now internationally. Private domestically. 

 Renting a private jet regularly(1-2x month) requires about $1million in net monthly cash to justify it for it's time benefits.  $100k/mo give or take $20-30k depending on where and how far is your base cost.

You could have a built a semi luxury 4-6 plane hangar in an area that accommodates a lot of air traffic. Just create & rent out the infrastructure. That would get you closer to owning a plane, ideally 2, one you rent out 100% of the time the other you rent out 50% of the time/use 50% of the time.

What told you a $2.4million investment in Detroit would create that for you?

A Lambo isn't really expensive, you could've bought one in cash with all this money. Not the best investment, but I get it.