All Forum Posts by: John Hickey

Let me ask you guys a question...Payne feel  free but I won’t respond......

Alot of my first post was kidding.... I don’t care if anyone thinks I’m an expert   I posted a deal above that I lost 100k on.  And I told you about it.    

So what kind of expert status am I going for? Tops at losing money?

  Yeah I’m number one loser on pleasant ave in Pville.  

Where’s my trophy????? that’s why I brought that up.   

Know what that does? So people to ask me what I did wrong.  So I can help them lose less then I did.  

I  read some of the stuff on this site and I’m like holy cow this guys is so trying to hook people to his scam.  

And then the posts stay up....and people that aren’t very sharp take them up on it   30k lessons on how to buy a duplex   

Like I said above maybe it’s not worth doing because it doesn’t provide enough value....but too hard? Really? 

@JD Martin I believe my response to Russell Addressed what you brought up.  

Agree or no?

You guys aren’t on any forums with rankings....city data for instance.  

@JM Payne for what’s it’s with from now on when I see your posts I will continue to ignore you.  

I’m big on avoiding negative bs.  

So while I will ignore your content......as long as I see your name and remember what transpired I’ll vote for your posts so that you get what your looking for.  

@JM Payne Votes? That matters to you?  And the rest of what you said? I don’t think too much of it.  I won’t hold it against you but it’s BS to me  

If I cared or even looked at how many votes I got I’d want someone to give me a good hard punch in the face to wake me up.  

I hope That You get a lot of votes of on your post. Sounds like it means something to you.  

Know what matters to me? I buy stuff fix it rent it out take care of tenants. Sit at a closing table And give the seller my adress at home.  Give him my cell.  Go to the house if there are problems. 

I do show people what I do.  I don’t need any followers.  Do I have them? What do you think? Guess what I don’t care   

Fell free to stick around and post After this.  Don’t mind if I ignore you.  

I will Say this.  You think I’m stroking my ego? Good for you. Maybe you should work on yours.  

Above. Points or whatever ranking could be earned this way.

Want to see a deal?

Look up 16 pleasant avenue Pleasantville NY. Purchased 325k 2015 sold 612k 2016

6 months holding. Sounds awesome right?

Lawsuits, overages poor planning lost over 100k.

But you know what? If I did 10 deals like that I’d be out of business.

Here’s another. 54 benkard 12550. Bought may of 2017 47k sold 2018 159k. And I don’t lose on that one.

And you know what I suck. I’m sure there are 50k users at least on here that are way better then me.

If you guys can figure out a way to get rankings tied to real life deals....then you would filter bs info from your users and provide even more massive value.

@Alexander Felice 

I agree the mods shouldn’t do it themselves.  Too much work. 

If it’s worth doing it would be an algorithm.  

@jdmartin...mods? Yeah that’s why I mentioned them.... 

Sure.  Votes count.  Posts count.  But what really counts? Buying holding fixing flipping selling paying bills.  Doin Deals.  Like fico for investors.....verified deal doers could verify other deal doers   References   

There are folks on here that people look up to that have done 0   It’s ok   Doesn’t affect me   But it not impossible to change  

put your last deal or every deal in your signature or a searchable spot.  

Votes are BS guys.  Hands down.  

Being on the podcast can be BS  

Posting here 100 Times a day unless your jay hinrichs can be bs.  

I see guys on here getting podcasts on BP that have the personal Investing experience of a first time home buyer.  

Investment Info:

Large multi-family (5+ units) other investment.

Purchase price: $560,000
Cash invested: $30,000 after purchase. 
Sale price: $895,000

Bought a heavily distressed illegal
Occupancy mixed use 11 unit.  It was a drug house/ with prostitution in full effect.  I put about 5% of purchase price in basic fixes and made a boatload.

What made you interested in investing in this type of deal?

Banks local RE experts, cops, city officials and just about everyone that heard about the deal said don’t do it.

How did you find this deal and how did you negotiate it?

Beating pavement.

How did you finance this deal?

My Cash and hard money...check out rock east group   Michael Haberman   He loves the risky stuff   

How did you add value to the deal?

Got rid of all the drug dealers and prostitutes kept the toilets working.

Made the loiterers move on   Rented alL the vacant spaces....7k of 18k was vacant when I bought it.  I even rented parking spaces in my dirt lot for $30. a month and DIY cleaning and snow removal   

What was the outcome?

Good. Could have been better.

Lessons learned? Challenges?

Got a lien from an partner. Learned I should have better systems   More money in reserve   I put down..

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@sarah hoof @michael Haberman 

@JM Payne the votes can be a popularity contest. I’m not sure of the stats but I would say many of the folks here haven’t done 15 deals. 50 deals. And if they did did they make a million?

So each vote isn’t equal. Some folks votes count for more in real life....but they don’t count for more here.

@Andrew Syrios points well taken.

Fyi. I wasn’t saying this to benefit me.

Im talking about this in respect to newbies.