All Forum Posts by: Joshua Howaniec

For all ya'll looking for contracts, the greatest REI tool ever invented (BP of course) has a slew of contracts and forms you can use on this pagewww.biggerpockets.com/files

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Driving for Dollars may be the most time intensive strategy to getting leads but it is probably also the most rrewardin becaise you are often the inly one with that lead. That said, go out around your city and drive down every street looking for homed that look like they need work. Get in contact with the owner, then when you have a deal under contract you can place it on the BP marketplace.

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Congratualations to Scott Trench! Way to go buddy. Its a shame there are guys on here like Jay trying to tear down individuals accomplishments. You deserve every bit of credit for all of it despite what your parents give you. Im 28 and most of my peers are still making all the wrong decisions and blowing all tnier money while taking on all kinds of debt. And let me tell you, it makes no difference in Hell how "privelaged" you are cuz most young guys in the same situation would blow every penny and not invest any of it. Your character, probably due to your parents, got you every bit of success you earned. Dont let the losers shame you out of telling your story. People need to know there is a bettdr way.

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None of this matters unless there is a solution to said problem so if any one has thoughts on that I would be interested.

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@Dan Bryskin

In the end this is barely even a political issue. This is an issue of character. Poverty does not = crime any more than rich = greedy. Sure, poorer neighborhoods are riddled with crime but it's a red herring. This is ultimately a character (dare I say spiritual) problem.

I have been broke. As broke as broke is. I have slept in parking lots waiting for the next morning to get my pay check because I couldn't pay for the gas to get home. Yet I did not steal, I did not kill, I didnt seek government assistance.

I am very well acquainted with the worst of these people (once at gun point) and saddly they lack work ethic, they have little mortality and those lacks that destroy their homes also tears down the community.

Also paying them to behave is like teaching a child if he throws a fit you'll give him what he wants.

Anyway, they need a change from the inside.

Can someone explain to me why my "@ mention" never works? It's really irritating.

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Originally posted by @Joe Splitrock:

Originally posted by :

@Jay Hinrichs

Be thankful for the section 8 people who never work and live off the government. In a capitalist society where people compete to have better or more than the next person, you need someone with a lower socioeconomic status to make the higher one possible. If we all worked as hard and achieved equally we'd be "gasp" a socialist society! You can't have big, high and bright without small, low, and dark. Those folks that frustrate you are the reason your house and car are considered "nice"... because there's isn't!

The idea that someone must win for someone to lose and that there is limited wealth is called scarcity mentality. It is the most common limiting belief that people hold. I believe it is the main cause of poverty. It is reinforced through welfare programs which tell people they are not good enough, therefore the government will provide for them. The truth is that the poorest among us could become wealthy if we stopped holding them down.

I have talked with single moms who feel trapped by Section 8. If they try to get a better job and make more money, the program is taken away. The benefit becomes too good to give up and making more money only harms your family. Tell me how that is NOT holding people down?

Capitalism is the private exchange of goods and services. It is a system that seeks balance in supply and demand. The system could exist with all parties exchanging equally and enjoying an abundant life. The reason for inequality is that people don't contribute equally. Capitalism encourages production. Socialism discourages producing any more than the lowest producer. It doesn't cause people to work harder, it discourages working harder.

The reason governments own businesses in socialist economies is that there is no incentive to start or run a business.

We ALL do better when less people are on government programs. Look historically at every dip in welfare expenses and it directly correlates to a more prosperous economic time for everyone.

We should never be thankful for people not working. It does NOT help our economy. Countries with the worst economies in the world all have the highest unemployment.

Joe nailed it

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As I read through your posts I am sensing alot of negativity. I could be wrong. Remember that scene in Return of the Jedi when Yoda lifts the ship out of the swamp? Luke had said "I cant do it, its to big" and Yoda says "That is why you fail". Ha, my point is in all seriousness you cannot make any deal work unless you think laterally. Think "how can I" instead of "I cant". There are investors in that area so apparently someone has made it work. Not trying to beat you up, just offering a better perspective. Best of luck!

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As a contractor, my experience is that the guy asking for 75% up front is either broke today or is running bases to make it on American Greed as fast as he can. Do due ddilligece on this guy or he will probably run with your money. That said, the amount you pay up front should never be more than half. Depending on the size of the project and duration. Either way, have a contract of when he is paid and how much and both of you sign it. That way if you end up on Judge Judy you can win a lawsuit.

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The positive end of these D class neihborhoods is often you are dealing with section 8 tenants, which is basiclly the government garrenteeing a check for rent. My dad owns a 15 unit in a D class neighborhood in Chicago and while it is unsafe as hell it has also paid the bills for the last 30 years. If you want to make it work you can.

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I am a flooring contractor if you are needing the help pm me.

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All Forum Posts by: Joshua Howaniec

Joshua Howaniec has started 33 posts and replied 257 times.

Post: Where to find wholesale contracts online?

Post: How does someone start wholesaling?

Post: From $0 Net Worth to $1 Million in Financing in 2-1/2 years

Post: The upside of D class neighborhoods ?????

Post: The upside of D class neighborhoods ?????

Post: The upside of D class neighborhoods ?????

Post: What is the point of investing in real estate NOW?

Post: When should i pay my contractors

Post: The upside of D class neighborhoods ?????

Post: Contractors in the Indianapolis area