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All Forum Posts by: Account Closed

Account Closed has started 19 posts and replied 90 times.

Post: Moving to a new place and start investing there

Account ClosedPosted
  • Multi-family Investor
  • San Juan, Puerto Rico
  • Posts 90
  • Votes 1

Thank you for your answer, I found exactly what I need. I'm still new in some areas (Raising Capital, Syndication, Creative Finance & Analisying properties internationally), but I started in real estate investing when I was 18.

Post: Books that changed my life, what about you?

Account ClosedPosted
  • Multi-family Investor
  • San Juan, Puerto Rico
  • Posts 90
  • Votes 1

Now I enjoy more audiobooks. They are faster and I retain more content. I have no problem listen to an audio book for 8 hours In a day.

Post: Continue investing when people is leaving?

Account ClosedPosted
  • Multi-family Investor
  • San Juan, Puerto Rico
  • Posts 90
  • Votes 1

Thank you all for your answers.

Post: How to identify a good deal even if you do the math correctly?

Account ClosedPosted
  • Multi-family Investor
  • San Juan, Puerto Rico
  • Posts 90
  • Votes 1

I know how to run the numbers, but I feel like I'm not doing it like a pro or I'm lacking of confidence, and I would like to know is there a place or book that teach you how to do it correctly . Suggest me whatever you want, books, audiobooks, webinars, courses, etc...

The reason is because I want to raise capital and I want to feel comfortable and full of confidence, I think I'm doing the identify good but it lacks in something I don't know.

P.S I want to get better at this.

Post: Moving to a new place and start investing there

Account ClosedPosted
  • Multi-family Investor
  • San Juan, Puerto Rico
  • Posts 90
  • Votes 1

I'm considering to move to Florida, Washington D.C, Texas or even other countries as Australia, Sweden, Hong Kong or Singapore and I need to know what are the things you have to look at before I move and invest in a place I don't know from a real estate investor perspective. I know I have to look at the demographics (suggest me a good website for that) but is there anything else?

Post: Books that changed my life, what about you?

Account ClosedPosted
  • Multi-family Investor
  • San Juan, Puerto Rico
  • Posts 90
  • Votes 1
  1. Rich Dad Poor Dad (Favorite book)
  2. Cashflow Quadrant
  3. Guide To Investing
  4. The Ultimate Beginner's Guide to Real Estate Investing (was my 1st pure real estate book)
  5. The Art of Deal
  6. The ABC's of Real Estate Investing
  7. The Unofficial Guide to Real Estate Investing
  8. The E-myth
  9. The Power of Positive Thinking
  10. The Magic of Thinking Big
  11. The 7 Habits of Highly Effective People
  12. The 21 Irrefutable Laws of Leadership
  13. Awakening the Giant Within
  14. Your Erroneous Zones
  15. The Power of Now
  16. Emotional Intelligence
  17. Think and Grow Rich
  18. Start With Why
  19. Slight Edge
  20. The Compound Effect
  21. 48 Laws of Power
  22. The Wealth of Nations
  23. The Art of Seduction
  24. The 5 Love Languages
  25. The Art of Start
  26. The Crash Course
  27. Business Model Generation
  28. Secrets of the Millionaire Mind
  29. The Secret
  30. The Art of War
  31. Emotional Intelligence
  32. The Psychology of Winning
  33. The 4 Agreements
  34. The Richest Man in Babylon
  35. The 7 Spiritual Laws of Success
  36. The monk who sold his Ferrari
  37. A whole new world
  38. Your Erroneous Zones
  39. As Man Thinketh
  40. Eat that Frog

I read Rich Dad Poor Dad and I quitted from College in 2012 (I started in Real Estate in 2007), I was about to start a degree on Computer Science with a minus concentration in business administration. Now I'm a a real estate investor. I've read more than 305 books in these past 2 years.

Post: Raise Capital, Private Money, First Deal.

Account ClosedPosted
  • Multi-family Investor
  • San Juan, Puerto Rico
  • Posts 90
  • Votes 1

Ohh ok, and guess i was a little bit confused with both terms.

Thanks !

Post: Continue investing when people is leaving?

Account ClosedPosted
  • Multi-family Investor
  • San Juan, Puerto Rico
  • Posts 90
  • Votes 1

I don't think is temporary and I don't think it will change at least for this decade, is not just the lack of jobs (Also brain drain), high crime & the people who is not happy with the "dressed colony" political status. I think the best I can do is to move where I like and where the numbers make sense.

Thanks for your answer.

Post: Raise Capital, Private Money, First Deal.

Account ClosedPosted
  • Multi-family Investor
  • San Juan, Puerto Rico
  • Posts 90
  • Votes 1

I have been investing since 2007 with my family, we used own our money to buy our first property, and then our second property which is a triplex using creative financing (we literally don't paid any money, just the attorney expenses, because the previous owner couldn't pay the mortgage anymore). Now I want to start investing without my family and using private money, I have been taking some webinars about raising capital and I'm kinda lost preparing deals, analysing properties and finding private lenders. I want to buy & hold or buy, fix & hold in multi-family. Any recommendations?

P.S I have good credit, but I just don't want to deal with banks or hard money lenders.

Post: Continue investing when people is leaving?

Account ClosedPosted
  • Multi-family Investor
  • San Juan, Puerto Rico
  • Posts 90
  • Votes 1

I'm already investing successfully with positive cash flow in Real Estate with no vacancy rate in all my properties, but I have a concern, people are leaving this island (Puerto Rico, the Detroit of the Caribbean) at historical levels, we have been in recession since 2006, we have a 87 billion debt and there's no jobs. I don't want to feel like I'm rich in Haiti. I had to lower the rent to stay competitive with the competition, I know some landlords that are selling their houses because of the negative cashflow & vacancy rate & I want to be proactive, What should I do, buy, sell.... I can't find good deals here and I don't trust my area, in my opinion quite overpriced. .

P.S Either way I'm gonna move soon.

http://qz.com/164317/the-scary-thing-about-puerto-ricos-population-its-leaving-the-island-for-good/

http://online.wsj.com/news/articles/SB10001424052702304173704579262390542968318 http://america.aljazeera.com/watch/shows/the-stream/the-latest/2014/1/24/puerto-rico-the-nextdebtcrisis.html