Comments on: The Passive Income Deception http://www.biggerpockets.com/renewsblog/2009/07/19/passive-income-deception/ Learn, Network, Invest Sat, 11 Feb 2012 01:23:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dan-flhttp://www.biggerpockets.com/renewsblog/2009/07/19/passive-income-deception/#comment-67750 Dan-fl Sun, 16 Aug 2009 14:41:14 +0000 http://www.biggerpockets.com/renewsblog/?p=5999#comment-67750 I buy mobiles on land for cash that was and is made from flips. I pay 10k for each one and cashflow $500 a month after all expenses. I have 13 rented and owned free and clear. I work on average 5 yours per week. It can be done.I hate leverage and will never use it again. I buy mobiles on land for cash that was and is made from flips. I pay 10k for each one and cashflow $500 a month after all expenses. I have 13 rented and owned free and clear. I work on average 5 yours per week. It can be done.I hate leverage and will never use it again.

]]> By: Justin Piercehttp://www.biggerpockets.com/renewsblog/2009/07/19/passive-income-deception/#comment-67273 Justin Pierce Thu, 30 Jul 2009 19:15:59 +0000 http://www.biggerpockets.com/renewsblog/?p=5999#comment-67273 Well said, Eric. I took a big beating on a venture a few years back. I now consider that event and the lessons I took from it to be one of my greatest assets. Even more important than the education is the confidence I now have. I know, from that deal, that no matter how much I lose I can always make it back with interest if I am willing to work hard and educate myself. You can’t buy a degree in self assurance. You must earn that title at the school of hard knocks where the only tuition fee is blood, sweat, tears, and bitter humility. Well said, Eric. I took a big beating on a venture a few years back. I now consider that event and the lessons I took from it to be one of my greatest assets. Even more important than the education is the confidence I now have. I know, from that deal, that no matter how much I lose I can always make it back with interest if I am willing to work hard and educate myself. You can’t buy a degree in self assurance. You must earn that title at the school of hard knocks where the only tuition fee is blood, sweat, tears, and bitter humility.

]]> By: Erichttp://www.biggerpockets.com/renewsblog/2009/07/19/passive-income-deception/#comment-67260 Eric Thu, 30 Jul 2009 16:04:13 +0000 http://www.biggerpockets.com/renewsblog/?p=5999#comment-67260 Justin,Well said, this should be read by anyone looking into RE. I am going to get back on Biggerpockets and look for a mentor. I began into investing in multi's @ the absolute worst time, worked hard, did well for 4 years, and then lost most of it. Feels like I am starting over, however armed with experience, knowledge, and much better prices.Best,Eric Justin,

Well said, this should be read by anyone looking into RE. I am going to get back on Biggerpockets and look for a mentor. I began into investing in multi’s @ the absolute worst time, worked hard, did well for 4 years, and then lost most of it. Feels like I am starting over, however armed with experience, knowledge, and much better prices.

Best,

Eric

]]> By: Justin Piercehttp://www.biggerpockets.com/renewsblog/2009/07/19/passive-income-deception/#comment-67160 Justin Pierce Sun, 26 Jul 2009 17:04:06 +0000 http://www.biggerpockets.com/renewsblog/?p=5999#comment-67160 Marcus,Integrate into your local real estate investment community. Investors are eager to accept anyone, just jump right in. Join your local real estate investment group and attend meetings. Join social networking sites like www.biggerpockets.com. Let it be known that you're looking for a mentor. Be selective. Talk to lots of people. You need an actual mentor, someone with the goal of helping you become successful. Not someone who's just going to take your money.Good luck, Justin Marcus,

Integrate into your local real estate investment community. Investors are eager to accept anyone, just jump right in. Join your local real estate investment group and attend meetings. Join social networking sites like http://www.biggerpockets.com. Let it be known that you’re looking for a mentor. Be selective. Talk to lots of people. You need an actual mentor, someone with the goal of helping you become successful. Not someone who’s just going to take your money.

Good luck,
Justin

]]> By: marcus watsonhttp://www.biggerpockets.com/renewsblog/2009/07/19/passive-income-deception/#comment-67157 marcus watson Sun, 26 Jul 2009 11:15:11 +0000 http://www.biggerpockets.com/renewsblog/?p=5999#comment-67157 Where can i find a mentor? Where can i find a mentor?

]]> By: Justin Piercehttp://www.biggerpockets.com/renewsblog/2009/07/19/passive-income-deception/#comment-67152 Justin Pierce Sat, 25 Jul 2009 17:48:36 +0000 http://www.biggerpockets.com/renewsblog/?p=5999#comment-67152 Dennis,We're all hopelessly biased. The only thing we can do is expose ourselves to as many perspectives as possible. Let’s talk.Justin Pierce Dennis,

We’re all hopelessly biased. The only thing we can do is expose ourselves to as many perspectives as possible. Let’s talk.

Justin Pierce

]]> By: Dennis Fassetthttp://www.biggerpockets.com/renewsblog/2009/07/19/passive-income-deception/#comment-67150 Dennis Fassett Sat, 25 Jul 2009 15:01:57 +0000 http://www.biggerpockets.com/renewsblog/?p=5999#comment-67150 Thanks Justin. You hit the nail on the head with your last paragraph.I'd be happy to participate in an article, but I'm pretty biased on the subject as you can tell. :)Dennis Fassett Thanks Justin. You hit the nail on the head with your last paragraph.

I’d be happy to participate in an article, but I’m pretty biased on the subject as you can tell. :)

Dennis Fassett

]]> By: Justin Piercehttp://www.biggerpockets.com/renewsblog/2009/07/19/passive-income-deception/#comment-67144 Justin Pierce Sat, 25 Jul 2009 03:14:52 +0000 http://www.biggerpockets.com/renewsblog/?p=5999#comment-67144 Dennis,No that's my mistake. I see what it is now. When I looked at the link I thought it was an advertisement. But it looks like it just might be something attached to your profile.Thanks for reading the post and thanks for taking the time to make comments.Feel free to contact me over at the biggerpockets social networking side. Or, just email me. I might be willing to interview you about your strategies and success story as a counterweight to this story.Like anything in life, there are now absolutes. I think investors need to see the whole picture, both the good and the bad. I certainly love and believe in real estate as a wealth and life builder.Regards, Justin Pierce Dennis,

No that’s my mistake. I see what it is now. When I looked at the link I thought it was an advertisement. But it looks like it just might be something attached to your profile.

Thanks for reading the post and thanks for taking the time to make comments.

Feel free to contact me over at the biggerpockets social networking side. Or, just email me. I might be willing to interview you about your strategies and success story as a counterweight to this story.

Like anything in life, there are now absolutes. I think investors need to see the whole picture, both the good and the bad. I certainly love and believe in real estate as a wealth and life builder.

Regards,
Justin Pierce

]]> By: Joshua Dorkinhttp://www.biggerpockets.com/renewsblog/2009/07/19/passive-income-deception/#comment-67143 Joshua Dorkin Sat, 25 Jul 2009 02:16:23 +0000 http://www.biggerpockets.com/renewsblog/?p=5999#comment-67143 Justin - Dennis wasn't advertising . . . one of the things that our blog does to help promote those people who do come and comment is to promote their last blog article. If his article was just spammy garbage, it would be another story, but since his contribution to the discussion was absolutely worthwhile, I see no reason to remove it. If you still think otherwise, please let me know.Thanks for the understanding both of you. Justin –
Dennis wasn’t advertising . . . one of the things that our blog does to help promote those people who do come and comment is to promote their last blog article. If his article was just spammy garbage, it would be another story, but since his contribution to the discussion was absolutely worthwhile, I see no reason to remove it. If you still think otherwise, please let me know.

Thanks for the understanding both of you.

]]> By: Dennis Fassetthttp://www.biggerpockets.com/renewsblog/2009/07/19/passive-income-deception/#comment-67142 Dennis Fassett Sat, 25 Jul 2009 01:42:07 +0000 http://www.biggerpockets.com/renewsblog/?p=5999#comment-67142 Actually I just saw the checkbox after I hit submit on the last one. Please remove the link on both previous posts. Actually I just saw the checkbox after I hit submit on the last one. Please remove the link on both previous posts.

]]> By: Dennis Fassetthttp://www.biggerpockets.com/renewsblog/2009/07/19/passive-income-deception/#comment-67141 Dennis Fassett Sat, 25 Jul 2009 01:40:41 +0000 http://www.biggerpockets.com/renewsblog/?p=5999#comment-67141 Justin - I didn't add the link. It appeared after I submitted my comment. This is my first comment on this site so perhaps there is a setting that I'm not aware of. I know better than that.Dennis Fassett .-= Dennis Fassett´s last blog ..<a href="http://www.dennisfassett.com/2009/07/13/arrowhead-923/" rel="nofollow">Arrowhead – #923</a> =-. Justin – I didn’t add the link. It appeared after I submitted my comment. This is my first comment on this site so perhaps there is a setting that I’m not aware of. I know better than that.

Dennis Fassett
.-= Dennis Fassett´s last blog ..Arrowhead – #923 =-.

]]> By: Justin Piercehttp://www.biggerpockets.com/renewsblog/2009/07/19/passive-income-deception/#comment-67140 Justin Pierce Sat, 25 Jul 2009 01:22:06 +0000 http://www.biggerpockets.com/renewsblog/?p=5999#comment-67140 Dennis,That is super. I have been investing for 10 years. I have had many rental properties and still hold a half dozen. I have been a realtor for 5 years. I have honestly heard many stories like yours but as for myself and every last investor I know our experiences are much more sobering.You may; however, have missed the point of my post. My agenda is to bring investors expectations down to earth. There are plenty of other people out there who are telling them how to buy right. I buy right, I make money but I still have to work at it.I do; however, think it is really poor form to add a link on my blog to one of your posts. I welcome your comments but don't use my blog to advertise.Regards, Justin Pierce Dennis,

That is super. I have been investing for 10 years. I have had many rental properties and still hold a half dozen. I have been a realtor for 5 years. I have honestly heard many stories like yours but as for myself and every last investor I know our experiences are much more sobering.

You may; however, have missed the point of my post. My agenda is to bring investors expectations down to earth. There are plenty of other people out there who are telling them how to buy right. I buy right, I make money but I still have to work at it.

I do; however, think it is really poor form to add a link on my blog to one of your posts. I welcome your comments but don’t use my blog to advertise.

Regards,
Justin Pierce

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