All Forum Posts by: Max L. Horton

@Tom Ziebro How exactly does the goal setting and masterminding work? Let say I want to get to a Million net worth. What would be the steps into figuring out what I need to do and how does the monthly call from the accountability partner help? Thanks for any help in advance.

@Jamie Garcia I have my call setup on Wednesday. I will report back after I speak with them and have all my questions answered. What did you ask in your can and what did you think about the responses?

I have pretty much the exact same question. I signed up for more info regarding Gobundance and received an e-mail back about March to a Million (not sure how they are connected). I really like the idea but I have two issues.

• I basically can’t find a single bit of information other than what is on their websites or their YouTube channel (both Gobundance and March to a Million).
• The price is rather high for something with little info and most people on this community say to stay away from “gurus” and save your money. Without knowing more this honestly sounds like “guru” program.

I really like the idea and I’m open to try, but I need someone to vouch for them and explain some more of the details.

I found a neighborhood near where I live that has homes ranging from 190k to 500k+. The higher priced homes are new, close to “McMansions” (large house, 4 or 5 car garage, etc.). The lower end houses are the original homes that were built in the 1970s (4+ bedrooms, nice size lot and wooded, great schools).

My question is there any major advantage or disadvantage to investing in a place like this? What does this trend indicate for said neighborhood?

I've been studying up on REI and I'm at that phase where I look at houses all the time. Some on the internet and a lot of houses when I'm driving around (I can't turn off the switch so when I see property, I don't think how nice it is, I think how could I make money from it).

I have setup some simple alerts for my Farm Area and received this from Zillow of the weekend:

http://www.zillow.com/homes/for_sale/28204448_zpid/29.74789,-95.56503,29.745969,-95.567873_rect/18_zm/

Now, as soon as I saw this page I knew exactly what house this was and where it’s located. I drive right by it 3 times a day. I won’t go into why this is a bad investment, but I will show you something interesting and how knowing my Farm Area helped.

After reviewing the listing I typically go to Google Earth just to look around.

https://www.google.com/maps/@29.7473258,-95.5671656,3a,75y,184.65h,78.7t/data=!3m6!1e1!3m4!1sCQiAKeSTrEn0JExkpMHnbg!2e0!7i13312!8i6656!6m1!1e1

Seeing this image shocked me! It looks way better than the listing, so what happened between this image and when it went up for sale?

Now click to go left down the street…

https://www.google.com/maps/@29.7473262,-95.5670762,3a,75y,211.93h,81.29t/data=!3m6!1e1!3m4!1stXL4K6FOohu6tCFRT8WcmA!2e0!7i13312!8i6656!6m1!1e1

Hummm… We went from okay, to bad, to somehow worse. Now, I as I know this area I will tell you this image is a little more realistic of what the houses look like.

Now let’s look just to the right of the house…

https://www.google.com/maps/@29.7473252,-95.5673003,3a,75y,176.64h,74.85t/data=!3m6!1e1!3m4!1sI35SKV89ZB70p0UcwyJoNw!2e0!7i13312!8i6656!6m1!1e1

Oh, even better, there are two cops arresting someone at the house and if you look closely there is someone already in the back seat of the cop car. By now you have also noticed the empty lot next door.

FYI, the left and right images on Google Earth are from September of 2015. The center image is from 2011! (which means the empty lot has also been there since at least 2011)! I didn’t even know you could do that but apparently you can chose what image to use for Google Earth.

So, by know you are asking yourself what does it actually look like? The answer is pretty much none of these images is what it looks likes.

The house is vacant, so no cars on the lawn, also no trash everywhere outside.

That landscaping? Nonexistent. There is a sidewalk and some mud.

That driveway gate? Not there.

That empty lot? Oh its still there being an eye sore.

What’s the point? Why does any of this matter?

Well, since I knew the area, I was able to know most of the details without even looking things up. That’s saves me a lot of time. Especially since someone has gone through some trouble to make the property look better than it really is. Knowing your Farm Area can save you a lot of time, time you could be using to analyze deals. This is especially true for people investing at a distance.

Another side note: If you would like to view historical Google Earth images, check out this video to do so. http://www.google.com/earth/learn/beginner.html#tab=historical-imagery

I know this is one of the questions that gets the infamous “it depends” answer. So out of curiosity, when you decided to really start your career in RE investing, what was your starting capital and what type of investing did you start with?

I personally am on track to start with $50k (cash saved up) and plan on starting with single family rentals. 

Welcome to BP! Keep reading and learn as much as you can.

Welcome to BP!

I’ve been reading and gaining knowledge over the past year while I pay down debt and save money for investing (pay myself first). The amount of books and audio books I have gone through is much higher than I ever thought I would do. But, there is nothing wrong with more knowledge. I’m on track to begin at the first of the year and I thought I would introduce myself since I will most likely be on here a lot more.