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30 May 2018 | 7 replies
That's using someone else's money to fund your deals.If you find a run down house and get a hard money lender to give you 80% of the purchase price and 100% of the rehab (of course on a draw schedule once the rehab is done) and you only have to come up with 20% of the beat up house's purchase price plus operating and rehab expenses; that's using a lot of someone else's money and some of yours or maybe a partner's to fund your deals.If you get seller financing on a 5+ unit apartment building and you get it below market (maybe the owner's wife just died and he just wants to move to Florida) and then we come in and let your refinance it for 70% loan to value with no seasoning, that's using someone else's money to fund your deals.Are you trying to get a bunch of guys together to throw money into a pot so you can find deals for them and make them all 10% or so on their money (and of course you're not going to put any into the pot because you'll be busy finding the deals)?
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12 January 2024 | 54 replies
I lost a **** pot of my retirement due to Jeff in my opinion.
17 July 2014 | 16 replies
Cash flowing rents are good, but they take a while to rebuild the pot.
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24 September 2018 | 8 replies
@Akston Pots It's a free country so you can do whatever you like but you will be buying yourself a massive headache by going the FSBO route - unless you have no trouble potentially waiting for a long time (IMO biggest issue with FSBO).
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21 April 2017 | 27 replies
There are lots of naysayers about this concept but the interest pay down is the pot at the end of the rainbow (or amortization schedule in this case).
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25 January 2017 | 25 replies
I'd like to get off the bench and get in the game but can decide what plays to call...
20 December 2015 | 25 replies
I am sure there are great opps all over but I don't think a 2nd tier duplex has a chance of better returns or less risky unless there is a pot of gold in the duplex basement:)
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13 February 2020 | 15 replies
Been wracking my brain and all that i can come up with is: Advertising: Appraisers/Attorneys/CPAs Bandit Signs Being Transferred Best Offer Billboards/Bus bench or stop Bird Dogs Brainstorm with Team Bring All Offers Brochures/Flyers Bulletin Boards Business Cards Car Signs - Magnetic Career attire Desperate - Must Sell Direct Mail Door Hangers Drive the Area Finder's Fee offerred Friends - Tell all you Buy!
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25 December 2014 | 10 replies
I highly doubt you can make a profit on painting, filling pot holes etc since all a buyer wants is a place to park their car when they go to work.I have never ever heard of flipping parking spaces which makes me think that it is not profitable.
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17 November 2014 | 15 replies
Be especially clear on who puts money into the pot if the renovation goes over budget.