All Forum Posts by: Patrick Hill

Guys I need your help. I divorced back around 2005 and family home started to go into foreclosure. I applied to the make home affordable program and got home out of foreclosure status. The Home Affordable Program did not lower the mortgage payment by much. The divorce agreement was that if she lived in the house she will need to make the mortgage payments if not it should be sold and we split the profit. She never made any payments. I didnt make any more payments. She eventually moved out . Im the only one on the loan. When I check my bank online I always see the full purchase price of the mortgage loan. Ive heard that some banks have lost or can not find the original loans on some properties. Please guide me in the right direction. Id like to get this resolved.

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Originally posted by Faisal Sami:

Patrick
all of the comments here are good. I'll share something with you: I have bought all manner of real estate systems for a number of years now and have spent thousands of dollars on seminars and courses. While the information was/is good, none of that has actually made me any money. What has made me money is actually going out and doing deals and learning from a mentor or two in the industry. In fact I am still learning but I have a much more sophisticated outlook now based on my real world experience as opposed to anything I learned in a system. I would say, save yourself the thousands of dollars and use that money to actually buy some real estate---but do your research and consult with some active investors.

@ Faisal --- Thanks Brother for sharing your experiences with Real Estate Systems. I'm reading up, familiarizing myself with real estate terminology and getting motivated. Thanks Again!

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Originally posted by Gregory Childs:

I do attend classes a couple of times a year - my rule of thumb is that the cheaper the course (0-$99) the more they are a pitch for something else; and you will only scratch the surface of the topic (teaser). The classes I have attended where I have paid $200+ I generally get higher quality information.

However, the people I meet at the seminars is where I benefit the most. If your funds are limited then BP is the best place to meet and discuss ideas. If you have some cash to spend then be prudent with how you invest those dollars and build some relationships while increasing your knowledge.

The last seminar I went to in San Diego (other side of country from me) cost me about $1,500 including travel expenses. I did a deal in November with one of the people I met and we will turn about $20k net profit from that deal.

It works if you work it. We're business owners - not seminar junkies - so you have to take action on the knowledge you pick up.
TTFN,

Greg

@ Greg -- Thanks the information you shared combined with the other helpful replies has probably saved me a bundle.

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Originally posted by Jeffrey K.:

I quit my job almost two years ago. Do you have a type of REI you are interested in or do you just like the idea of property as a business?

@ Jeffery --- Thats wonderful to have quit your job two years ago. Jeffery I'm going to own Multi Family and Commercial Apartments.

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@ Mr. Investor -- I appreciate the advice . The Real Estate Systems aka "Guru Systems" are very pricey. I wondered why they were so pricey. In my opinion the inventors of their systems should be wealthy enough to give their methods for free or a smaller fee. In any case thanks to all. I have plenty of reading to do to figure out what is going to work for me. Feel free to continue the encouragement.

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@ Jay Miller and all Bigger Pockets -- Thanks !

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@ Mitch Kronowit Thanks!

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Hello To All, Thank you very much for the advice. Do any of

you make a living on Real Estate Investments? Meaning

solely living off Real Estate Investments.

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What is the right amount to pay for a Real Estate System?

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All Forum Posts by: Patrick Hill

Patrick Hill has started 5 posts and replied 19 times.

Post: Mortgage Loan Default Status

Post: What is the right amount to pay for a Real Estate System

Post: What is the right amount to pay for a Real Estate System

Post: What is the right amount to pay for a Real Estate System

Post: What is the right amount to pay for a Real Estate System

Post: What is the right amount to pay for a Real Estate System

Post: What is the right amount to pay for a Real Estate System

Post: What is the right amount to pay for a Real Estate System

Post: What is the right amount to pay for a Real Estate System