All Forum Posts by: Account Closed

Sounds like they are modeling after car dealerships. That is to say if you do so many deals (depends on state) in a year you are considered a "dealer." Depends on how or whether your state "tracks" your transactions.

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Been investing 40 years and have not heard of "p4c".

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Originally posted by @Karen Chenaille:

@Karen L. Thanks Karen!

Yes...and by the way..even the Wordpress that you pay for is way cheaper than $80 a month depending on your host. I think you can get Bluehost for less than $5 a month.

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Originally posted by @D'Andre Byers:

Originally posted by @Account Closed:

Originally posted by @D'Andre Byers:

Originally posted by @Account Closed:

She's not "into it." There's nothing he can do. If he marries her, he will be out making the money and she will divorce him in 5 years because she "wants him at home more." I wish I had a penny for every story I've heard like that.She doesn;'t know the value of work or money. I have no sympathy for these people because they are flat out shallow. He is just as much of a knucklehead given that his ace priority will be stymied by a non-thinker. They sound like they deserve one another.

This is not at all the case. My fiancé actually works 60+ hours a week at her job regularly. In two weeks she works more overtime than most people care to go to work. She actually works more than I do. But solely because of the fact that she just got the job a little over a year ago impedes her pay grade.

Thanks for taking the time to reply!

D'Andre

Seems like she's into her job, not teaming up.

Or saving for a wedding. But to each their own.

Glad to hear she's a worker then. I've met a lot of guys who worked and built good businesses but the wives divorced them cuz they "weren't home enough." GL.

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Originally posted by @D'Andre Byers:

Originally posted by @Account Closed:

Thanks for taking the time to reply!

D'Andre

Well then, you both are strong-willed. Guess you will just have to take a weekend somewhere and duke it out!

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If you need a website, make it with

https://www.wix.com/. There are different reasons to have or not have a website. If you have a website it should get people into your str and/or act as a landing page as a reference to prove you are "legitimate." Not sure if you have to prove how legitimate you are --depends on your strategy.

If you want "free", how about www.wix.com You can set it up in a half hour. Or if you want advertisiers or a blog, consider one of the wordpress sites, but don't pick the free ones because that won't allow ad revenue.

It all depends on you and your marketing strategy. If you get business from handing out your business cards, then I'd say keep your own webstie. If you rely on Airbnb then not so much but still, maybe.
https://www.wix.com/

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Did Brandon tell you to write this? Maybe he wanted to substitute your post for a podcast. Pretty entertaining. Thanks Brandon!

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Originally posted by @Jonathon Weber:

Originally posted by @Spencer Cornelia:

@Brandon Sturgill having $1mm in equity in properties absolutely makes you a millionaire.

I told Gary to make this into a 10 part series to share all the details but he's too busy to write long form articles. He's a good friend of mine and completely legit. He's the best in the business at finding deals and negotiating which is how he's able to build a bunch of equity by buying at massive discounts.

You’re calling out a differentiation between liquid assets and illiquid assets. Your equity in properties cannot be quickly or easily converted to cash, so it is not considered a liquid asset.

While your net worth definitely includes both, one is not a millionaire until it's in a liquid state.

What you are saying is a fake millionaire, not a real millionaire. If you earn $40k per year but have $900k in equity and you tell people you are a millionaire, and some asks you to write a check for $1M this very second, the person earning with $40K with the $900K equity is nothing more than a wannabe millionaire.

Have you explained this to your property tax assessor? If your property has a million in equity but it is not a million because it is not "liquid", then you should be paying 0 in property tax. You are a knucklehead.

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Originally posted by @Blake Bailey:

@D'Andre Byers congrats on the new engagement!

This advice may not be extremely popular here in BP— but I would strongly encourage you to wait a full year after you get married to invest in real estate.

Focusing on being a good husband while building up your new family’s emergency fund is all I would worry about. Use that year to listen to each other, weigh the pros and cons, and seek wisdom from married couples that have invested in RE, and come to a decision after you’ve had your first anniversary. My wife is not my business partner, however, I have never made a RE investing decision without her wisdom first.

The properties will come, my friend! Enjoy that first year first.

I say put the love on hold for a year. Go for the real estate!

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All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 122 times.

Post: Came into a lot of money - What should I do with it?

Post: Wholesaling - Is It About to Change?

Post: When cold calling ppl with p4c homes

Post: Is having your own website for your STR worth the expense ?

Post: Soon-to-be wife not on board

Post: Soon-to-be wife not on board

Post: Is having your own website for your STR worth the expense ?

Post: Ever get hate messages about your STRs?

Post: How I went from ~100k to Millionaire in 6 Months

Post: Soon-to-be wife not on board