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18 December 2017 | 45 replies
You are also that much more likely to nickel and dime your contractors, skimp on or delay upgrades you should make, mismanage a landlord/tenant situation or ***** about your property manager keeping late fees instead of you.By all means borrow - I would draw the line at leverage because that means that the value of the assets you are controlling are beyond your means, which means if anything goes wrong you will not be in control of the situation.So yes borrow, but my rule of thumb would be to ensure that your monthly repayments could still be comfortably made if you lost half your rental income overnight.
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24 August 2018 | 155 replies
From your posts, you are the one racking up massive debt with no household income to show for it even after years of working on it.I don't know of any "big money makers" telling people:Live off one income while only making one income (this advice assumes TWO incomes)Never pay yourself and instead, invest every single dime back in, even if it ruins your marriage (they all say to pay yourself first)Buy a new vehicle (for the business) and pay for it with your spouse's personal income (if the business has no net profit to cover a new truck, don't buy it and what you do buy should be expensed from the business)You don't need to be on the same page with your spouse if you think you are right or better than them (every one of the big money makers who are happily married will tell you that you need to SHARE dreams and goals with your spouse, not force it on them against their will)You need to get your own perspective in check if you have any chance of a happy marriage and a successful business.
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28 August 2018 | 39 replies
Guess what he didn't give me a dime and I had to give the notice of eviction again.
6 March 2019 | 53 replies
It took me a very long time studying and researching experienced investors in my own network before I was willing to fork over a dime and they have been in the game forever.
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12 August 2013 | 17 replies
She is trying to make money out of the situation DO NOT GIVE HER A DIME..
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25 August 2022 | 108 replies
It's not a pitch fest but he will offer his program. 2-days of free content at a name brand hotel and 5 buses on his dime.
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30 December 2016 | 125 replies
Jon - I'd do my homework before spending a dime
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3 September 2015 | 19 replies
I've talked to soooo many people who I would consider otherwise intelligent that were so shell-shocked by the '08 mortgage crisis they swear they'll never put another dime into stocks, bonds, or real estate because they're all scams.
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11 April 2018 | 22 replies
I won't play that game either.So at the end of the day while wholesaling is one avenue to get deals.. its not for everyone of us who actually are as you describe ( have the ability to execute on a dime) we want to be treated special.. not lumped in and have to compete with newbie buyers.. that's why my pipe lines are pretty much all OREO type realtors and we know when they send us something we are getting someone who knows how to transact on our side.. 99% of the time the property can actually be sold.. no daisy chains.. hate that stuff etc etc..I am sure there are great wholesalers out there I fund enough deals weekly and I see many on the huds making there money.. but really they are just real estate agents and most doing it totally illegally..
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21 March 2018 | 40 replies
Land lords wanting guaranteed Govt rent are a dime a dozen in most markets.