All Forum Posts by: Jay Hinrichs

@Hattie Dizmond 

  how come you know all this detailed information ?  pretty impressive really

@Matt Faircloth 

good work.. though this I would think could be taught in a 30 minute webinar not that complicated.. I think folks should tune in an hopefully you will help them

@Darren Smith 

  exactly I got a we buy yellow letter last month called twice no return call .. I am thinking what smucks spent the money get a call an do not return it.. those will be folks out of business and the only one who made any money in that deal was Qaurles the proprietor of yellow letters he laughs all the way to the bank.. :)

@Sean McCrory @Joel Owens 

based on this reponse from the owner of the company its just another credit card facilitator. There are no Banks that are going to give a newbie or one that does not have a lot of cash assets or track record any kind of line of credit or 100% financing this is the Credit card arena.. I am not an expert on this but form what I have seen from other bP posts these folks just shop you around and get you a bunch of credit cards at various banks nation wide. and that can be fine and good gives you cash to get going but not a true line of credit or a bank loan.. I don't know about the rest of America but I have LOC's with a bank and its not easy and it takes a lot of track record some major cash in the bank and the trust of your banker

Seems to be that tax time of year.. I just paid for 6 Tomahawks for uncle sam

@Richard D. 

  so do you expect the values to double or triple the next 10 years IE your home will become worth 240 to 360k? I know what a 360k home in Texas currently is depending on area it could be a mansion... like your thoughts on this

@Ralphy Rosado 

  Ralphy check back in in 24 months and make a report on how many months you actually collected rent on that asset.. that's the litmus test.. looks good on paper hard to do in real world.. I hope you are the exception.. I would buy the best you can afford. 

@Mark Ferguson 

 one of my mentors back in the early 80's always said I want write on's not write offs.

Great to be back in the game.. I may acutally qualify for a mortgage this year LOL

@Richard D. 

  Ok Richard then your saying the property does not appreciate in Texas which is what I have seen over time. and tax rates compared to other areas even without appreciation are double to triple .. take in the soil conditions the old etc etc. and its a pretty intense area to own rentals.. but its the economy that is the driver I would own there before Detroit .. but I think there are other markets that would warrant investors attention as well. Texas just cannablies its self  it creates new homes so inexpensively that existing rental stock really will never run up in value it will hold as a cap rate but you will never have the big appreciation push.. ( Austin excluded)

After a nice long run of loss carry forwards uncle sam has come to roost I think that just shows the economy is turning around. I sent my 1040 into my bank today.. And my banker said:  well you just bought 6 Tamahawks and your helping combat terrorists.. and I thought I was just helping section 8 with 5 or 6 families a year  LOL  anyone else get the big tax bill and had to suck up the big payment?