All Forum Posts by: John P.

Your “sources” eh!? So you read the news too!? They have been talking about the Israeli company for over a month in mainstream media sources. Lol. If your sources have any actual insight that would be great to hear.

0 Votes

So you pay between $5k and $15k for them to refer you to a CPA? That seems like a lot. What other value do they provide?

What are some examples that their magical CPAs provide?

2 Votes

I am a big VEGAS guy and I have looked at those towers. The cash flow is so bad. Only a few buildings are allowed for str. I don’t recall if veer is. Bigger question how much money would you need to make on 8 or 9 home games to make this a good investment? I suspect more than is possible. The raiders move to Vegas is great but it’s only 8 or 9 weekends. Plus a few concerts and events. It’s not 40 or 50 weekends.

0 Votes

Las Vegas, Nevada

Originally posted by @John McAllister:

@Jay Hinrichs

I have some cash in bank i have been saving for a deal. Maybe not enough but have been looking.

Last Monday I put 8,300$ in the market and it is currently valued at 12,000$. 31% ROI...... that's a deal.

That’s a great return and more then the 1.5% my money was making in a savings account.

Goal is to double money then take out for my next deal.

You have to take opportunities that’s come in life even if you have to jump in unfamiliar areas.

Had I not read Rich, Dad, Poor, Dad.... listened to BP, bought my first house Hack last September I would not have had the confidence to jump in last Monday.

Bottom line: I am an entrepreneur and when an opportunities comes and it’s a deal I am going to jump on it.

The market will dip again in the next couple weeks , don’t miss out!

Good luck to you. Sounds like gambling. Don’t forget about income taxes. Also no roi until you sell. Means nothing on paper.

1 Vote

Originally posted by @Account Closed:

Originally posted by @John P.:

Originally posted by @Account Closed:

You know how Bradon says to just make offers. Now is the time. I can see a $250,000 house pre C-19 going for $175,000.

You say WHAT. People who went nuts on TSLA(Tesla stock) could be facing margin calls. Their liquid situation is wiped out. Need money to live.

Thoughts.

I have one. Its illogical to think the Strip going Dark is no big deal. Jobs, many highly paid will reverberate right down to the jiffy lube guys.

It is logical to think that since 2015 its best not be buying rentals in Vegas.

Its highly and darn 100% logical that that lady who just bought and got an FHA loan approved after she lost her job isnt going to make it.

Good luck with your $175k offers on $250k houses. I would say it will take a lot of offers before you get one. Luckily For you a lot of people are sitting around with nothing to do so maybe they won’t be mad as usually I would say you are just wasting everybody’s time. Now time is less valuable. Lol. Good luck to you.

Are you doubting Brandon? Shame shame shame.

Pre C 19. Violence in Vegas was on the rise. Shootings on the Strip never happened , until recently. The RTC was a hotbed of criminal activity.

Brandon is great but my time is valuable and I respect other people’s time. To ME going around low balling offers wastes people’s time. In my opinion things are going to be fine in Vegas so in particular Now is a waste. Give it a year and ya things will be different if this corona thing is still a big thing (which I do not expect). Not now. People have equity in their homes now. It’s not 2008.

0 Votes

Originally posted by @Account Closed:

You know how Bradon says to just make offers. Now is the time. I can see a $250,000 house pre C-19 going for $175,000.

You say WHAT. People who went nuts on TSLA(Tesla stock) could be facing margin calls. Their liquid situation is wiped out. Need money to live.

Thoughts.

I have one. Its illogical to think the Strip going Dark is no big deal. Jobs, many highly paid will reverberate right down to the jiffy lube guys.

It is logical to think that since 2015 its best not be buying rentals in Vegas.

Its highly and darn 100% logical that that lady who just bought and got an FHA loan approved after she lost her job isnt going to make it.

0 Votes

Taxes will be more assuming there are both city and county taxes. Separate tax bills. Check that. I find taxes in Memphis of at least 2% of value so more like $2k a year.

0 Votes

Originally posted by @Frank Geiger:

You loose lots of equity/cashflow on a partnership. Are the numbers more favorable if you treat them as a Lender? They may be willing to accept 6%-8% on their money which means you keep all the ownership after it's paid off.

6%? The friend with the money is essentially going to be in second position right? I would think 10-12%, no!? Plus some points!

0 Votes

This is a blip in my opinion. Overreaction due to 24 hour new crisis, fearmongering, etc.... Coronavirus will be a non-issue in 2 months and economy back to humming long. Check back May 1st. Old news by then... I hope! :)

4 Votes

Originally posted by @Philippe Schulligen:

Here is a BP Blog Post I wrote about the Memphis, TN market you may find helpful.

Your comment about crime in Memphis is interesting. I had never heard that. Like so many things it would be helpful to have uniformity! Good blog post!

0 Votes

All Forum Posts by: John P.

John P. has started 16 posts and replied 416 times.

Post: Corona Virus Impact to Las Vegas Market

Post: Has anyone used WealthAbility?

Post: Veer Towers, The Martin, Panorama Etc.

Post: Stock Market what do you think

Post: Do you own an investment property in Las Vegas, Nevada?

Post: Do you own an investment property in Las Vegas, Nevada?

Post: Buy and Hold Analysis in Memphis

Post: HOW to handle partner with MONEY💰 , no time or knowledge

Post: Is this the start of the recession

Post: Best Cities in the Country for cashflow