All Forum Posts by: Joe Carter

@Cliff T. I got off my bank today they were giving me 90 days for parents. And at the end of those days the full money is due upfront. I agree with you not much help here at all. They also suggested at that same time when all the money is due up front if you can’t afford the payment they can readjust the loan and add your owed balance to the backend of your loan amount. That may be an option but unfortunately you’re adding a lot of extra interest to your overall loan value.

I just ran into some unfortunate times in my investing career. I recently attempted a rehab and flip project and had to sell it for a loss before completion due to the two family home that I live in as well the tenant was backed up on rent ended up owing me $15,000. I did not have the cash flow to continue the flip. I was forced to sell the flip for a $50,000 loss.

One thing I just read in Brandon Turners book about the mentorship I unfortunately got stuck in. I ended up eating the beat and got sucked into $80,000 worth of mentorship through Will To Win. Four months in the company went bankrupt and I lost my full investment.

I am currently living in the two family home still with vacancy currently upstairs. I am also now moving down the road of a bankruptcy to get rid of the $80,000 in credit card debt I have.

Listening to Brandon turners book and hearing the strategies I am definitely motivated to do the four Plex purchase first and within eight years move up to approximately 75 units. Like I said I currently am living in New Jersey but Bill will be moving with my girlfriend in the next 3 to 6 months to Wichita Kansas. Purchase prices are much lower there. But looking even in center of the country states hard to replicate a four Plex for $100,000.

I also feel that the two family investment I acquired with using your skills and suggestions may be a bad investment as well. Now thinking about unloading it when I move to Kansas and starting completely from scratch.

@Mike M. If you have some expendable Capital I would definitely invest into some blue chips in the stock market. Things are tending down about 50 to 80% on average.

Any entry point at this given time in my opinion will be a good solid long play for the next 2 to 3 years. If you have some money that you would like to lock up and gain some interest on I think the stock market at this moment would be a great play. I took five grand myself and just threw it into a few dividend blue chips.