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3 September 2018 | 85 replies
Unfortunately you have to be a constant dick or they will try to play on your emotions.
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3 September 2018 | 16 replies
Too many emotions attached to owning a home
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8 September 2018 | 13 replies
Get your emotions out of it.
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24 September 2018 | 147 replies
It's more related to emotions and lack of rational decision making imo.
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3 September 2018 | 2 replies
I have a letter of support from Congress regarding this matter and the bank still does not care I do not want to pay to cut grass because every time I go to this property I am emotionally hurt.
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5 September 2018 | 5 replies
Here are a few things that I learned:Real estate investing is an emotional journey.
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1 October 2018 | 9 replies
It is a tremendous feeling because my whole life I could never find what I wanted to do professionally, and it brought many of draining emotions along with it.
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6 September 2018 | 5 replies
If you do not get it at your price you walk.Always remember business does not operate successfully on emotions unless a sellers emotions are a weakness you can exploit.
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11 September 2018 | 42 replies
So here's a rough number breakdown. purchase $1,500,000Loan Amount 1,300,000Rehab+holding+closing costs $115,000ARV 1,900,000new Loan (20 year, 6.25, 5 year)- $1,560,000Cashout portion- $260,000Cashout- FFFF (friends, family, facebook friends)= 10,000Money in deal = 45,000Rental Side of Things (by month)Current Income- 27,000/m (Proforma is 31,500 since I had to rush rent out)Expenses- (Utilities, Taxes, 25% Vacancy/Management/CAPEX, insurance, etc)- 12,500/mDebt- 11,400/mNOI- 3100/mSomething like that at leastFor the other questions that may pop up:I self manageI doubled my portfolio in one dealI was my own GC for the projectI still have a full time job in securities tradingI worked 110 weeks for 2 months straightI am burnt outI hit a lot of roadblocks including getting sued, vandalized, robbed, and threatenedI had a lot of physical blackouts and emotional breakdownsMy outlook in general on people is definitely more negative However I am also ready to move onThis post was very much to speak on an experience and tell a story.
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21 May 2019 | 12 replies
Take the emotions out of it If property is in good condition.