All Forum Posts by: Matt H

I wrote a 1300 page book on ecommerce that I was planning to sell based on my years and years in ecommerce. What I learned in writing it was plain and simple. "There's too much for the average person to learn and get good at". Plain and simple. So what I recommend to anyone is either find something unique to sell on ebay, or else find a good affiliate program such as clickbank.com and sell one of their vendors items as an affiliate. Because to build and do something on your own from scratch and expect to succeed is far worse than any crap shoot. You'd have a way better chance at finding a property that you can buy with no money down, at least that way you'd be in business. As for Ebay, like for example I was going to get some new commercial mail boxes for my building. Very unique, and I thought...."I wonder if they sell these on Ebay". Anyway, just stick with one thing, and I can tell you right now that doing realestate deals are far far far far easier and far more guaranteed ROI than playing the crap shoot of ecommerce. I got lucky plain and simple. And my idea came to me in a dream so it must have been divinely meant to be. But I've seen tons of people fail over the years to the point where like I said it's a crap shoot with bad odds. Realestate isn't.

Go to Ebay and get:

Carlton Sheet "No Money Down" course
Dolf Deroos "Realestate investors college" couse

Study thoughs and in no time you'll know exactly how to get started.

Matt

I don't know about those millionaire mind series. Ya so maybe he did some research and found out that the very wealthy live like popers, but any data can be squed. My thought though is that he seems to promote that you should live extremely frugally, way below your means etc etc...I kinda beg to differ. I like Robert Kiosoki's concepts more like he saids he things in terms of "how can I afford it". Like what's the point of taking a path in life like realestate investing and starting to make millions of dollars but not loving yourself enough to reward yourself along the way? What kinda millionaire mind is that. I know people who live that way and they're basically "cheapo's". They've never learned to enjoy the process of spending some money. So I say if it's within your means go for it, and think in terms of "how can I afford it". That's where having a budget would come in even if it's an approximation in your mind. But ya if you're living beyond your means then you definitely got a problem. So as for millionaire mind....well why not rename is "How to be a screwdge".

Here's what you do plain and simple. Go to Ebay and buy a copy of "Calton Sheets" No Money Down course. And buy a copy of Dolf Deroos Realestate Investors College course (the one with the 13 cd's). Then put the CD's in your car. Listen them during your drive time and you'll get educated very quickly. Most people I talk to think of me as a pretty astute realestate investor, but they'd be surprised to discover that all I did was listen to these courses over and over again in my car and then slowly started applying what I learned. Now I'm financially free for life.

As I mentioned before......Carlton Sheets has one of the absolute best courses on the market. However, a secret is that you can get a copy of Ebay for about 8 times less than buying retail from the company. So try ebay first. This definitely is a "must have" for anyone into realestate investing. And what's great about it is that if you're not a big reader like me, then instead of reading the manual you can just listen to the cassettes or CD's as you drive. I remember after listening to that course for the first time, that's how I got into realestate. In the process I've made about half a million, I own one 15 unit building and I'm working on another building right now. But what I tell everyone is that more than anything the knowledge that you can gain from this course is priceless. Like there's so many get rich quick schemes out there. Fortunately we all know realestate is not one of them. You can get rich quick mind you but it's completely legitimate of course once you know how. So definitely start your education and pick up as many good courses as you can find. This one is a must have.

Carlton Sheets has one of the absolute best courses on the market. However, a secret is that you can get a copy of Ebay for about 8 times less than buying retail from the company. So try ebay first. This definitely is a "must have" for anyone into realestate investing. And what's great about it is that if you're not a big reader like me, then instead of reading the manual you can just listen to the cassettes or CD's as you drive. I remember after listening to that course for the first time, that's how I got into realestate. In the process I've made about half a million, I own one 15 unit building and I'm working on another building right now. But what I tell everyone is that more than anything the knowledge that you can gain from this course is priceless. Like there's so many get rich quick schemes out there. Fortunately we all know realestate is not one of them. You can get rich quick mind you but it's completely legitimate of course once you know how. So definitely start your education and pick up as many good courses as you can find. This one is a must have.

Has anyone ever done a condo conversion project? Where you'd take an older apartment building convert to condos and sell them off? If so can you elaborate on the process, what to expect and is it worth doing? I'm considering doing one building here. Maybe try to sell them off to investors in blocks of 3, 5 or 10 or just even to the general public.

Since you mentioned that it's a duplex I thought I'd mention something. There's a certain style of duplex that often can easily be turned into 4 legal suites. Basically turning the basement units into small apartments. What I'd suggest is that if this is your first deal and you have about the kind of funds to find a duplex, then be "very picky". Don't settle for any duplex. Save your money and find one that has either the basement already converted into suites or that has a developed basement and that could quickly be converted into suites. That way for about the same price you'll be getting double the rent. Also that way you might be able to sustain 1 vacant unit and still break even on cash flow. Where as with a duplex if 1 unit goes vacant then you're paying the mortgage that month. Trust me, if you're doing a duplex then find one with either the 4 suites, or the 4 suite potential you won't regrete it.

Hey Rich,

Listen, I'd like nothing more than to be able to revisit me at 26. Man oh man, if I could go back and just revisit myself and tell myself what to do and what not to do I'd be way way further ahead than now. So trust me, stick with realestate, think long term, and do you're own deals and you'll do well.

Matt

Ya your right, now all I need is a woman. Show me a hot babe with her act together that's not taken, and I'll show you a miricle. *s*

I don't know what's wrong with me but I'm constantly flipping my home. I wonder if perhaps this could be like some kind of bad habit. Because I'll move into a house, do some work on it, usually "for me" at first. Then I'll feel like the house is worth so much more and start to feel uncomfortable with having so much dead equity sitting around. So I'll end up flipping it and moving. I've done that like at least 5 times in the last 3 years. Now I bought another house. This time not intending on flipping. However, the basement is in poor shape. So I'm thinking of updating it. So I'm a little worried. What happens if this happens again where I do the basement, and then start thinking about flipping it again. It's always just such easy money though that it's hard to just turn it down. I guess one could always just refinance but you know that's not the same because that's borrowed money. Anyway, anyone else like flipping houses like this, or is it just me who hates moving but like the easy money?