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Results (10,000+)
Jeff N. Real Estate Agents cant take weekends off!
24 September 2011 | 23 replies
I will tell you a personal story that changed my life.I thought I had all the time in the world but at age 16 in a span of 2 years I lost my dad in an auto accident,my grandmother,my grandfather,my best friends dad to cancer 2 weeks before my dad died accidentally and my family (brothers) thought we were rich off of my dad's death so sued us in court (how nice).I was only 16 at the time and my world imploded.From that I learned the value of TIME and how rare it is.Instead of living to make my dad happy I redefined what I wanted my life to be which took me awhile to figure out.I owned a restaurant later on in life (my 20's) and made great money but the hours and problems were a killer.My weight went up to 280 and my cholesterol was at 300.I sold it off and took a few years off and regained my health and sanity.I learned from that experience that money IS NOT everything.It simply is a vehicle to accomplish my goals in life but I am not a slave to it.I believe you are much more rich and powerful when you are centered.Being centered is achieving a harmonious balance in as many aspects of your life as possible.I know people who have lots of money but are miserable.The kids hate them and the wife left them.The job didn't end up being the end all they thought it was.I believe for brokers and agent we need to specify residential versus commercial.In residential YES if you are working with small investors buying dumpy little houses you will work hard for a little return.I don't do residential housing.The headache is big and the returns are small (a few thousand if you are lucky).In commercial most of my clients own businesses and operate during the week.They value the weekends off and down time just as much as I do.Now if someone wants to fly in and is looking at big purchases I will make time but not at the last second.I will also qualify them before spending any time with them.I invest and buy properties myself so I understand time and money.A broker/agent being HUNGRY is all relative to their experience and knowledge and level of deals they are doing.I love commercial because my sales price and commission checks are much larger.Smallest deals typically are 500k and most are in the millions.Selling a 30k house I would have to do 34 deals to do 1 deal at a million sales price.As you can see just like investors not all brokers/agents are equal (the same).I believe the problem is expectations going in from both sides.The benefit for a broker/agent is with a starter investor the sales price is small but you can grow in deal size with them over time.If you already have investors purchasing large properties you don't want to mess with the small deals.So it's all really about where you are at and where you want to go for a broker/agent and as an investor.We are all I believe looking for the same thing.Independence to live the life we want BY CHOICE and not BECAUSE WE HAVE TO.
Cody Malave How To Pay Yourself From Your Properties
11 December 2023 | 99 replies
Don't your personal assets (other properties, personal vehicles, etc.) become at risk during a lawsuit if something were to happen sans entity?
Kevin Koenig Is the Dream Dead?
4 September 2023 | 13 replies
I’ve always aimed to use real estate as a vehicle to build some wealth since my career choice will never provide that.
Jimmy Rojas Want to get into the RE game but the risk is greater
25 December 2023 | 2 replies
I been in the car selling business since 2013, basically  I lease an dealers license from a used car dealer, buy vehicles at dealers (only) auctions where you buy them at trade in value and sell retail, currently i buy cars that are ready to sell, its worth it to me even if i have to pay a couple hundred more, get em detailed and put them for sale at the used car dealers lot, once the car sells, i just pay my fees + sales man commission and get my check.My impression of RE is that there is way to much risk compared to what im currently doing,  you have to get approved for a home, unless you want to pay high dollar you have to get a fixer upper, appraise the home prior to buying (if dont purchase , lots $),have a reliable crew that will not rip you off and complete in time agreed, ect,ect.ect
Justin Jarboe LEASE ADDENDUMS? What extras do you add to your lease
12 August 2020 | 78 replies
I was curious if it is reasonable to limit the number of vehicles because of that?
Glenn Mcgrath Fix Roof leak or replace the roof?
3 September 2021 | 27 replies
We don't have one piece of furniture with the exception of office furniture and beds, but no headboards, no dressers and no couches.I am 71-years old and never purchased a new vehicle with the exception of a new Mercedes SUV I purchased my wife about 7 years ago and the vehicle does not have 2,000 miles on it because my wife loves a 2003 Ford cargo van she drives every day because she put 3 custom-made dog beds in the van and doesn't have to worry about her dogs messing up her Mercedes.
Adam Steinberger Estate planning and asset protection
25 July 2021 | 10 replies
You could easily isolate your stocks into an offshore entity, and put US based assets into other vehicles.
James Carlson Denver to require a landlord license?
2 March 2022 | 12 replies
No different than the envirotest debacle of taxpayers paying millions of dollars a year who own automatically compliant automobiles that basically can't violate clean air rules to pay for the ability to police a tiny percentage of vehicles that could, might or do violate the clean air rules. 
Amod Karve Best way to tap into equity
27 October 2022 | 12 replies
HI Amod,You can use:- HELOC or home equity lines of credit or commercial lines of credit to access the equity- you could cash out refinance with 30 year fixed notes, currently in the mid 7's (roughly 700 for every 100k borrowed per month)If you're already netting 200 cashflow a month, you may want to limit your access to this equity or consider that the use of this debt vehicle will cause your current property to probably go negative in terms of cashflow, if tapped. 
Cristin Andrews How to handle property manager leasing to person with warrants for drugs burglary etc
5 December 2023 | 30 replies
The first result that came up was his mug shot and an article in the local newspaper showing him getting arrested with a ton of drugs and a gun in his vehicle.