All Forum Posts by: Luke F.

To me its all about leverage. I have raised and used a lot of private funds. Have had loans in both my wife and my name. Money is cheap today. So the leverage is using cheaper I like to call it making money off borrowed money. For me, my goal was free and clear properties. Then again when I first started my mind set was buy 4 properties at time. Fix and flips selling 3 and keep the 4th free or almost free slowly building my portfolio.

Why did you change your investing strategy?

Started out wholesaling, then after building up capital. I started rehabbing , buying holding , retail sales. I was just running 100 miles an hour with little direction back then.

Alex

What are your thoughts on debt now with your portfolio?

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Numbers experts, what would his monthly mortgage payment have to be to make this a keeper?

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Originally posted by @Jeff Robert:

@Luke F. They've 'announced' that in the past, but I've always found that when the Home Depot manager/cashier sees $1000 worth of product sitting on your cart in one eye, and sees the Lowes parking lot across the street in their other eye, they give you 10% off.

From what I have seen, this appears to be the first real press push that I've seen. Maybe I'm wrong,

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Originally posted by @Alex Franks:

Originally posted by @Bradley Marion:

Why did you change your investing strategy?

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Not answering the original question but Home Depot recently sent out a statement that they are no longer honoring competitors coupons (ie: 10% off from Lowes). There was a date they set recently as the last day to do so.

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Denver/surrounding communities have been tabbed by Zillow and others as one of the hottest markets in the country for 2016. For those in the Denver area, what are your plans?

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@Brian Adams

I have been going through the podcasts from the start and recently listened to yours. Excellent information.

My question to you is this (in hoping you didn't answer it and I didn't see it). If you have a good lead on an apartment building, what is your next step? Travel to view the apartment? Have someone local check it out first? I am just curious what your steps are before finalizing an offer. Thanks.

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@Mark Ferguson

Where do u see the Denver market going in 2016? I know you are not in the midst of it but curious.

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Has anyone on this forum followed the Dave Ramsey advise and pay cash for all rentals? Outside of landing a large sum of money, I think saving up in expensive markets will take forever.

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All Forum Posts by: Luke F.

Luke F. has started 16 posts and replied 59 times.

Post: Possible to grow without taking on debt?

Post: Should I keep or sell my rental?

Post: Where do you shop? HOME DEPOT vs MENARDS vs LOWES - Benefits?

Post: Possible to grow without taking on debt?

Post: Where do you shop? HOME DEPOT vs MENARDS vs LOWES - Benefits?

Post: Denver Market - What is your approach in 2016?

Post: I quit my CPA Job to buy Large Apartment Buildings

Post: Update on me and my flips including a $500k + purchase

Post: Dave Ramsey Philosophy + Buy & Hold Strategy = ........Reality???