All Forum Posts by: Orlando Goodon

Cheap stuff does not have to be in bad areas. It's a matter of location in terms of proximity to the city. So instead of within 30 minutes of New York City it might be an hour or an hour and a half from New York City.

keep in mind the five thousand a month is money that I was previously putting towards my Investment Portfolio every month. Mostly buying stocks. Once Trump started his tweeting I disabled my automatic transfer and I'm not pushing it into a high interest savings account. So that's the money I have to play with. As far as a down payment I have about 20,000 already saved up for that. I'm talking about 60 to 70 thousand. I keep hearing online about getting this 3% down deals but I think that only works for long term. To get immediate returns you have to get the mortgage down. I'm even considering instead of a multi-family get a single family.

if I can get a single-family under 300,000 then with my down payment I can probably make 1800 or more a month. I might be missing something but i dont see how the multi family money can ever compete for immediate returns. Mortgage is just too high.

So maybe single family now, then in a couple years get a 4 unit. Diversify my portfolio. Get to near 3k a month profit in 3 years?

So i get that once the mortgage is done you are sitting nice with equity and a profit boost, but to make any real money now i feel like you have to flip or wait until mortgage paid or keep buying buildings with 1k a month profit. Do it 4 times and you are sitting nice with 4k profit.

For me i think finding cheap building is way to go. Then i put down 70k, end up with tiny mortgage and profit boost plus pay off mortgage in 12 years not 30.

so i have an income source with 5k disposable per month, was putting in stocks. I could put that towards house. 300k price or less. Rental income covers mortgage, then take my 1k profit plus another 1k to fast track mortgage. So instead of paying 1700/month, i pay 3700 per month. Mortgage will be paid in less then 10. Save a ton in interest too.

Your thoughts? What would you do starting out with 5000 per month disposable income to create to most passive income the fastest. Id like to make 2000 to 3000 per month in less than 3 years

Thank you

First question to always ask is WHY is he trying to help you? We live in a selfish world. That is just reality. Do you really think he is just doing this out of the goodness of his heart? Is he doing it for money? I thought he makes good money doing the stuff he is teaching you? He does not need another source of income, especially not one that might negatively affect his supposed source of wealth.

If you truly believe he is trying to help, then what is his track record of helping? The rare type of person who likes to help others so much will have a track record of doing so. Case in point, I run a YouTube channel BUT LONG before YouTube I've been speaking for FREE to high school students in troubled areas. I have a TRACK RECORD of doing good an helping other.

If you want real advice, stop spending money on these no-name folks like Tai Lopez (did you know of him before his lambo vid? Do you know of him now?(what company has he founded that you hear about ANYWHERE other than his guru stuff?). Look for people who are KNOWN for DOING what they are teaching you. Look for major REAL COMPANIES that are KNOWN (which shows the founders KNOW what they are doing) and learn about the people behind the companies. How did Twitter, Instagram and many other companies get started? Look to THOSE folks, not these GHOSTS that nobody has ever heard of and STILL don't hear of beyond what they are peddling to you.

Fact of the matter is the REAL guru are WAY TOO busy DOING what lead them to their success to help you ESPECIALLY since they are probably smart enough to realize MOST of  you won't do what it takes to succeed. So all the time spent doing DVDs and seminars will lead to little success because most people don't have the discipline. So doing this stuff is VERY ineffective and a bad use of time UNLESS you are like me and helping others is a life purpose for you.

Also check their social media, if all you see is them promoting their guru programs, then you know THAT is all they are. If all they talk about is this stuff, then you know they not doing anything else.