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All Forum Posts by: Matt H

Matt H has started 45 posts and replied 437 times.

Mike and mike, your probably the same guy. I'm ignoring you for here on.

Post: Frustrated

Matt HPosted
  • Posts 452
  • Votes 18

I've never watched "The Secret". And I'm exactly like you. And I especially never do deals based on warm fuzzy emotions. I do the math only. What I'm talking about is reprogramming the mind.

Your brain is like a big computer. You feed it information everyday based on your thoughts and beliefs. Those thoughts and beliefs are dictating your actions and behaviors constantly, those actions and behaviors you take put various causes in motion, which have various effects that you see in your physical reality that you've created. The bottom line is that you are where you are in life because of the choices you've made so far. And those choices have to a large degree been made based on your thoughts and beliefs and habits.

Nepolean Hill has a book out called "Principles of Self Mastery".

If you want to learn the science behind how all this positive thinking works then I highly recommend you get that book. I'm not sure what is said in "the secret", but in this book they dive into the actually nero science of the brain. And how all this positive thinking and affirmations play a roll in the actions you take, and ultimately your success in life.

Post: Is this a cult?

Matt HPosted
  • Posts 452
  • Votes 18

we call ourselves "The Club of Rome"

Oh wait you might be right. See for a SFH it's 10%. I'm talking 4% on apartment building which is standard. Also never hire a property manager if you don't have to. You can usually manage your property way cheaper by getting resident manager into it. You pay them $25 per month per unit to do everything which is standard. So on a 10 unit building they live there and get a $250 dollar discount for doing all the work of keeping up the property.

Post: mold complaints

Matt HPosted
  • Posts 452
  • Votes 18

If you got a tenant who's acting like that, get them out of there asap. Because if it's not mold it will be something else right. Also what you may want to do is have them show you were the mold is. And if you do see mold scrap some off and take it with you. Then what you do is go buy two coffee's put the mold in one of them with some cream and sugar and put a lid on it. Then go back to the tenant and say "Ya sorry I got it analysed and you could be right. I'm gonna get someone in to take care of that, and hey here's a coffee, no hard feeling ahh".

Post: Have to be honest...

Matt HPosted
  • Posts 452
  • Votes 18

go get Carlton Sheets course of ebay. That will be your key to learning the business as you drive to and from work each day.

Originally posted by "sarahheck":
Hi folks,

I'm totally new to this forum. I'm 32, a practicing lawyer, and seriously wanting to get into this business in some shape or form. I have no idea where to begin and no capital to start investing. After reading these forums, it appears that the "no capital to invest" issue isn't a problem as there is money out there ifyou know where to look for it (?)

My question is, do you start with the financing, or the property?

When I bought my home, which I just recently sold, 7 years ago, I went to the bank first, got preapproved for my loan, and then went out and found my house. Is this how REI works? Or do you find the property, then sell the deal to the lender?

I actually have an appointment with a local banker this afternoon because I want to find out more about how conventional financing works. After reading some of the posts here, it looks like that is often not the way forward for someone with no start up capital (?) Am I better off talking to a mortgage broker?

Or should I go out learn more about the market and properties (I know I need to do that too, but is that the first step?)

You got to decide on what you're gonna do. REI's all do different things. Some buy and hold, some flip, some condo convert, some build, etc... I'd recommend that you flip houses at first. But being a lawyer I'm not sure if that's your cup of tea or not?

If you bought a house though you already know the process and the battle of buying a house is half won. Also if your a professional I think there's special loans you can get for people with professional status. But in any case that should help in qualifying.

Don't get pre approved, it's just a waste of time if you ask me. Just decide on what you want to buy and if it fits your long term objective and then if so just get it tied up, go to the bank get financing, complete the purchase, then flip it or rent it out.

However, before you get started I "strongly" recommend something...you whouldn't practice law without first studying for the bar exams, same with REI. However, the learning curve in this industry is just a fraction of what you've probably had to study already. So it's pretty quick. And the easiest way i know for someone like you to get through it is simple. Just to go ebay right now, look up Carlton Sheets No Downpayment, or just go to his website, and pick up that course. You need to study that course before you do anything else. Otherwise you'll just be winging it and you'll lose the case, or worse you'll get sued for malpractice. ha ha....Just get the course and listen to it each day as you drive too and from work. Slowly you'll begin to understand how it all works. Also you should start to watch those "house flipping" shows on TLC. Just watching those people you can learn how to flip houses and you can see how well they do and what mistakes to avoid.

You don't need a lot of money to get started, maybe just $10k would get you off the ground. I'd think a lawyer of all people could round up 10k from a variety of sources. But for now just get that course, trust me it will be potentially the best investment you've ever made in your life.

Post: Wholesaler to Wholesaler

Matt HPosted
  • Posts 452
  • Votes 18

all I can say is "that's flippin crazy"~ ;-) !!!!

Post: Getting my foot in the door. Appraisal

Matt HPosted
  • Posts 452
  • Votes 18

If you're goal is to become a REI, then don't go to college. It will only put you in debt and get in the way of you becoming a successful REI. The stuff they teach in most college level business courses is "very generalized" knowledge that prepares a student toward getting a job. College isn't worth the money in most cases unless you're going to some ivy league school.

What I'd do instead if I were you is if you're gonna become an appariser then do that. You don't need any certification to become an appariser however you should at least learn the basics of how that business works which doesn' t take a lot of know how. In the mean time you should definitely go to ebay right now and pick up Carlton Sheets No Downpayment course and start to listen to it in your car as you drive around. Take it from a multi millionaire REI who's been to college and can tell you flat out that that course that you can buy for $40 bucks (used) will give you a far better chance at becoming filthy rich than going to college ever will. Going to college is only going to put you big time into debt. Instead make courses like that your focus and devote as much time to it as you would to each day at school and I guarantee you'll become rich.

Post: Flipping Shows on TV. It's real or is it?

Matt HPosted
  • Posts 452
  • Votes 18

That was rather interesting that's for sure. However, I think that's a rare case . I bet all the rest of the flip shows are on the up and up.