All Forum Posts by: Shane Ussery

@Carol Burns possibly interview 100 random people and see if the unemployment numbers match up?

Ok. Where is here? Where is Their? Let’s look at Australia they got bailed out last year. Was the wild fires most of the problem I’m sure. What is a no brainer when the Fed prints more money.. even more Inflation. “Recessions aren’t brought on by what Preventing the Strong from Winning It’s to prevent the Weak from Losing.” Earle Nightingale Strangest Secret. Again what happens in Recessions? What happened the last Recession? They printed more money. What happened in the short run things got cheaper and yes Real Estate. On the Back End they printed money like crazy So 10 years later Real Estate Doubled or more. So, the house prices now are Relative to the money printed in 2008. Based off of an Economy that’s Inflationary driven, the Prices are Relative to the money in circulation. So, I’m not here to say what anyone should do. Based off of experiences and history(as history repeats itself) and experiences mean different things to everyone else some will fail some will lose. In the short, my advise weather the storm short term. Long term, keep moving toward your goal. Want bigger results increase your Awareness. Want weak or no result simply do nothing.

@Rob Webb actually tried telling my mother in law sell her place take money and run she has tons of equity. This way she could down size but she comes from lean pocket frame of mind so she’ll be holding when this thing comes crashing down

@Joseph Cacciapaglia a very credible source? When Speaking on Federal Reserve of New York. Educate (Latin for Educo meaning to bring out) Educate me on The Fed, Fractional Reserve Banking, The Reason we have Inflation.? Educate me Sir. So, if the United States gave me the authority to print pieces of paper that would make me credible?

@Jim Garrett I agree as much as possible. The down payment thing, I get that if your financing the house. However, that’s speaking from a controlled environment paradigm. If a consumer just got a job and no side hustle then you know what their job has planned for them? Not much. I keep hearing down payment. People even finance the finance to finance the finance. In my day we called it robbing Peter to pay Paul. I think the solution to it all which should’ve been done years ago let it bottom out. When it bottoms out you will see the real value of things which we would soon discover is a number. The number just like our economy is made up.

@Carlos Guzman exactly. What your saying is common sense. What I was just saying the real value of a decision good/ bad always comes to surface. We will see how it plays out as for me I’m preparing 

@Joel Zawko of course Section8 is doing well that’s the Government paying the bills.

A topic I’ll be gladly to comment on. Banks have plenty of money on their Balance Sheets lol. That’s just it the Banks. What happens during a recession the money supply is restricted. So just because a bank has plenty of cash don’t mean u will lol. So if money is restricted what makes u think it will end up in your Bigger Pocket when the Bank Hoards it all lol.?? Give you an example in 2011 I bought a house for 2500 yes that’s hundred not thousand. After renting it out for almost 9 years I decided it was time to sell. I sold for 36000 which was below market. Why? Because I was desperate? No. I knew we were in a bubble in fact I still believe that. The buyer went and got an advantageous bank loan and I’d just about bet the buyer want be able to collect soon after 6 months and it’ll be a Foreclosure so I’m just waiting for it to go back into Foreclosure (how I gotta it the first place). In the meantime I’m taking all the cash and buying something that’s worth almost 3 times as much with his borrowed money. And im paying all cash. Crunch Numbers on That.

Far as property manager knowing everything.. you never get to the point u know everything. I been doing this.. this June will be 9 years. I’ll tell u straight up I don’t know everything and neither does anyone else that’s why people are on BP to network

@Gina Nicolas here’s what it boils down to. I’ll use this as an example, say your goal is 10 units up a running and cash flowing like crazy. The number and the money is irrelevant. It’s who you become in the process that’s the most important. Your going to mess up, things sometimes won’t go as planned. It’s these experiences at the bottom that’s where we grow the most. A baby isn’t born running down the road. That baby is born, learns to hold its head up, crawl, pull up, then takes its first step...getting the houses is the easy part..success and failure is magnified. Take a step back now what if u had all this going on with 10 or more at the same time... not saying u failed by no means but in this scenario if u had 10 imagine the problems... instead of getting more houses this is the part where u develop the skills necessary in order to get paid on your product, successfully collect, and reach your goal. Have you ever considered the property manager didn’t want to see u succeed? I know when i had my bad experience my pm I asked why’s the rent so low? I overlooked his response that it was a conflict of interest. As u go u learn to see red flags. You’ll be ok don’t let it bring u down. Me you or anyone reading this made mistakes learn and grow