All Forum Posts by: Jay Hinrichs

Just curious but how much did you pay for this "gold" coaching and how much did you actually make on the deal?

To me, the land flipping game is absolutely dead right now. Just too much saturation. When I got into it four or five years ago there were about 3 training programs.  Now there are 10 or 20 times that if not more.  

I think the people doing training have hit the wall too and they're struggling to do land deals like before so they're all trying to make money off training instead.  

I've put my land investing on hold here for the last year or so.  I'm lucky I fell into new construction a couple of years ago because I'm just not seeing the opportunities in investing right now that there were 15, 10 and even 5 years ago.

But I definitely wouldn't tell anyone to go into land flipping right now.  Two years ago, I was telling everyone it was the best thing out there.  Gotta keep looking for the next niche where the numbers work. 

IT TAKES BRASS BALLS TO SELL REAL ESTATE! xD Man I love that movie lol.

You sound like a hypocrite for one because it doesn’t matter what funding option somebody chooses to use, there is a chance that the investment will or won’t work, that’s risk. That’s what being an entrepreneur is all about. You should know, you’re a hard money lender. And you don’t have to explain what debt collectors do, everyone knows debt is bought and sold. You’re making yourself look crazy but even saying what you’re saying. 

Now you are just embarrassing yourself.

Did you know... uh.... if .... uh ..... that... doc prep... 

You take care. 

L. Thomas

 Silly Stuart. 

You operate in a state that doesn't inflate like mine do. 

My "D" properties are worth way more than your "A+" Townhomes. :)

And I bought them for nothing (Meth Dens) over the last 15 years.  

And the operational costs are cheaper because I don't have to make anything pretty. 

You just want to die on this hill don't you? 

But seriously... I'm out. 

Toodeloo. 

P.S. 

Don't be mad that people like me exist and make passive income on "D" areas. 

Toodles!

If you go look at my VSL I speak about having to PG, you both are so worked up you must not be making any money. So you’re mad at me.
Do either of you know anybody personally (with proof) that has lost their assets from credit card debt? 

 >you're certainly entitled to your opinion,

Nothing I posted is opinion.  Trump is associated with at least 6 bankruptcies, the first tax return to go public showed he had the most negative income in the US, THE S&P is down ~$5.25 trillion in last 3 weeks, and DOGE is comprised of employees with no domain experience.   Which of these do you believe to be opinion?

>Most/many successful business people have had bankruptcies (Ray Kroc comes to mind).

I would like to see your source that many/most business people are associated with a bankruptcy.   Bonus if you can find anyone other than Trump associated with 6 bankruptcies.   I agree people are associated with bankruptcies but believe it is a small percent.  I believe it is a much smaller percentage that is associated with multiple.   I believe you are in rare company to be associated with at least 6 bankruptcies.

>It should be clear to anyone that we need to do some serious trimming of the Gov't fat.

I believe the debt was too high and it had to be addressed.   I also believe in separation of powers.  Congress has the power of the purse.   The proper way for this to occur is congress decides on the budgets to trim or the taxes to be increased.   The departments with domain expertise decides how to best meet their budget still providing the service the public needs. 

Congress is abdicating its responsibility and letting the executive branch do this craziness.   The cuts are not about saving money.   If it was the oversite that generates money would not have been among the first let go.   In addition they would have calculated in the costs of the layoffs and legal battles.   Layoffs of people with employment contracts that state they can be let go for performance reasons and stating virtually all of them are being let go for performance regardless of their employee reviews is clearly not in line with the employees contracts. These will be costly reductions.

It is about dismantling the government.  

>- 1000 Park Rangers have been fired from over 400 Parks....do the math..that's 2.5 rangers per park. You;re telling me that we cano't get by with that reduction?

I am not sure the source of your numbers. Can you post the source!   Have you been to a national park in the last couple weeks?  I go out a lot (most years I camp more than 30 days and some years I camp more than 60 days).   Grand Canyon wait time recently to enter the park was 1.5 hours.  I heard the number of employees for manning the gates at south entrance but forget the exact numbers.   This weekend I was at Red Rock Canyon.  It has been on a quota for a while so the wait was not bad but slightly poor (2 gates were open).  I feel rangers in NPs work.  I felt the wait line to talk to rangers in NP/NM visitor centers was already too long.  I will say that at a remote forest ranger station I encountered 2 employees that I thought were dead weight (story is too long to post), but that has been the exception rather than the rule.   It is my belief the back country rangers were already too few.  

To bring this back to RE, there are government leased buildings (I did not actually count the number but ~10 leases) in the San Diego area that the government wants to break the lease and not pay their obligation (similar to what X did) .  The issue is X fighting to break their contracts in a legal system just has the ramification to not trust X to abide by their contracts.  If the government cannot be counted on to honor their contracts the ramifications is large as it creates distrust.  What confidence is there that fed bonds will be paid?  What about other fed debt?  What about other fed contracts being honored?  I am not associated in any way with any of the building the government is trying to break their lease   But as an RE investor prior to now, I would have paid a premium for a building with a lease to fed government high quality tenant.  Similarly, previously, a fed government tenant would get my best terms due to what previously had been a highly reliable tenant.  They basically have squandered that benefit.

We seem to disagree on how things are getting done.   We both hope everything works out, but I think it will not.   I think we are in for a rough ride.  Time will tell.  

Hi Jay,

There was definitely FOMO! I believe there were good underlying intentions, but when greed took over, it set the stage for investors being misled.  There were people getting pictures of close to finished properties that weren't theirs just to keep the charade going.  This intention was pure deceit.  Thankfully, I am boots on the ground here in SWFL for my investors.  I literally go take pictures & video of the properties with the address clearly showing.  Infrastructure has to be in place and this is what all these impact fees are for. It would be nice if all builders had your same knowledge and integrity.  Fortunately, there are many with this level of integrity and more due diligence is necessary and aligning with the right people and companies. 

Do you see Lehigh Acres being overbuilt?

The Milwaukee major initiated a project called GrowingMKE to increase housing density by allowing mix used, low rise and ADUs in the sea of single family homes. This would create more walkable neighborhoods, think corner bakery. They call it the "missing middle" because Milwaukee is a vast sea of single family homes and then some downtown highrises, nothing in between. I think they model this after Washington DC. It would change the face of the city for sure, also solve the income problem we have with high of miles of infrastructure per household ratio.