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3 January 2025 | 18 replies
Don't use so many pictures.
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17 February 2025 | 92 replies
Morby then promotes that if you join his group (which is what, $10,000 or more now) he will teach you how to equity strip and break the law and practice very bad real estate investing, just like him.I guess without knowing the circumstances it’s not possible to say that this didn’t happen, i.e. is “made up”, but its sure hard to believe that property owners who had $20k to pay upfront and a house worth at least double the note had no better options?
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19 December 2024 | 2 replies
Which is more profitable: an assignment or a double close, and why?
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14 January 2025 | 8 replies
$200/month divides into the $100K initial negative equals 500 months to recover the initial negative equity.Let's double the cash flow to $400/month. 250 months to recover the initial negative equity so over 20 years.Let's reduce the negative equity position to $50K (which likely is less realistic than expecting $400/month cash flow at that rent point), you are at over 10 years to recover the initial equity position.Now let's do it with all cash, no financing.The 50% rule state $900/month cash flow. 900 * 12/200K = $5.4% or about half of lifetime return of S&P 500, or what can almost be achieved with a zero work, zero risk CD.I see no way that someone who understands the numbers will call this a good investment.Note just because an investment is better than most other investments in a market does not imply something is a good investment.
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4 January 2025 | 11 replies
Keep digital records and pictures.
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31 December 2024 | 2 replies
You can double close.
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2 January 2025 | 12 replies
take into consideration I am getting a decent deal, and this property could Easily be worth a 100+ a sq ft within 5 yearsproperty pictures belowhttps://www.zillow.com/homedetails/1072-Fm-126-Merkel-TX-79536/62562011_zpid/
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28 December 2024 | 8 replies
When I had arrived I found out that this guy had one truck, his own personal vehicle that doubled as his work vehicle.. and some personal tools.
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3 January 2025 | 12 replies
A little more details, to help paint the picture.
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7 January 2025 | 19 replies
If you intended me to take something else from that picture, such as an unfortunate motor vehicle accident, let me know.