How can I buy the White House?

All Over, USA · Member since 2017 · 689 posts · 756 votes

I have a solid job, and I make decent money, and I also have a credit score somewhere above 800. I also know plenty of accredited investors.

This morning, I hop up out my bed, turn my swag on and decided I want to buy the White House.

How do I get my name on the deed?

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Jim K.

Handyman · Pittsburgh, PA · Member since 2018 · 5k+ posts · 13k+ votes

@Aaron Hunt

Hi, Aaron. I am pleased to be able to offer you a real estate investment education program that will maximize your real estate knowledge and teach you how to make very high-level investments. My program has been proven through years of producing high-level results. I can take you to the next level. If you want to go high, call me and I'll do it at the Diamonds-and-Platinum-and-Shiny-Stuff level for the low, low price of only $50,000. If course, it might not be for you. High-level real estate investing isn't for everyone. You can stay low-level if that's what you want, or you can reach for a higher level. High-level is the way to be. Have I repeated the trigger phrase "high-level" enough to convince you yet?

So hand over your money and I'll teach you how to buy the White House, the Brooklyn Bridge, and the Hollywood Bowl.

I'll show you how to crush and crush and crush the mystical "it" and distill the best moonshine out of "it" you ever imagined.

Only $50,000 stands between you and your best life. Are you man enough to live your best life? Will you soar with the eagles or lurk with the turkeys? This is your moment to choose. A man only gets a limited number of high-level opportunities in his life.

(Insert picture of a silhouetted man, fists raised in triumph, standing on top of a sharp crest at sunset.)

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Jim K.
Handyman · Pittsburgh, PA · Member since 2018 · 5k+ posts · 13k+ votes
8y
@Brie Schmidt
It all depends. Did you paint it white or some other color? Not much good if it becomes the Baby Puke Green House.
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Bill F.
Investor · Boston, MA · Member since 2015 · 1k+ posts · 3k+ votes
8y
Originally posted by @Steve Vaughan:
Originally posted by @Caleb Heimsoth:
@Steve Vaughan it does cash flow over 10k per month. Unfortunately you may need extensive rehab after my current tenant vacates. Due to the current tenants obsession with the color gold, remodeling is recommended.
As far as how to get a a property with no money, I believe you take 70 percent of 1 percent, multiply that by the ARV minus your repairs and wholesale fee and that's your offer.
For example let's say a House has an ARV of 100k and needs 20k in repairs. You take .01 times .7 times 10k minus 20k minus 5k (my fee). You get negative 24300. I offered this to the homeowner and they accepted. Life really is good.
So the seller pays you $24,300 for no work? That's great and all, but what about your wholesale fee of $5k? And did you do all this typing on your computer in your underwear from 3 states away? Did the end buyer come to your house and give you cash? More importantly, did you have to find your pants?
Is this the point in the thread where someone posts something to the effect of "that may not be possible: in all markets/ in your situation /with your cash or experience. You should figure out your 'why' and set some goals"?
Then you guys argue with them about how " you heard it on a podcast/coach so it can't be wrong/ they are being negative and need to stop and apologize/ its different in your area/ or you won't make the same mistakes as other out of states investors. "
Then @Aaron Hunt tells them to get off his thread because he asked about creative financing ideas and doesn't care about their opinion on his life choices and how dare they judge him.
Then @Jim K. says he can help the three of you syndicate the deal with his special "McRib Mentorship program" He gives away the first two lesson for free: #1. How to spell Syndication. #2. The difference between GP and LP. The other eight lessons only cost $40k and a 60% equity stake in your next 20 deals.
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Hunter Ambos
Real Estate Agent · Pickerington, OH · Member since 2017 · 55 posts · 26 votes
8y
This thread is incredible haha
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Chris Chiaramonte
Real Estate Broker · Des Moines, IA · Member since 2018 · 11 posts · 12 votes
8y
Easy 5 step plan: 1) Get a heloc for at least $50,000 2) Buy a distressed property in a nice neighborhood with the heloc 3) BRRRR the property. 4) Talk to a lender about cross collateralizing properties for your next flip. 5) Put together a team of mercenaries and take the White House by force.
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Paul B.
Rental Property Investor · Dallas, TX · Member since 2015 · 503 posts · 504 votes
8y
Don't ask, "how?" Ask, "why?"
Figure out your "why," and the "how" will take care of itself.
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Jim K.
Handyman · Pittsburgh, PA · Member since 2018 · 5k+ posts · 13k+ votes
8y
@Bill F.
My program isn't for everyone, I freely admit. If you feel eight lessons are too long we offer the Max McRib Ultra program where you can do four super-intensive mind-blowing hard-core learning modules for the same price followed by a 10-minute Q&A phone session with a McRib-Certified™ investing coach. This is only for those who pass our commitment screening.
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Paul B.
Rental Property Investor · Dallas, TX · Member since 2015 · 503 posts · 504 votes
8y
Oh, and don't be a little b*tch. You shouldn't be happy with one White House. You need to 10X your goals.
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Jim K.
Handyman · Pittsburgh, PA · Member since 2018 · 5k+ posts · 13k+ votes
8y
THE MCRIB-UNIVERSITY-CERTIFIED REI COACH'S CREED:
"Give a man the White House, and he'll steal for an administration. Teach a man to buy the White House, and he'll rob America for the rest of his life."
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Colin F CoorPro Member
Rental Property Investor · Phoenix AZ Rockport ME Honolulu HI · Member since 2016 · 2 posts · 4 votes
8y
Yup, it can be done...lol...see The Teapot Dome Scandal on how Rockefeller bought The Whitehouse for Warren Harding...
https://en.wikipedia.org/wiki/Teapot_Dome_scandal
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Caleb Heimsoth
Rental Property Investor · Durham, NC · Member since 2016 · 7k+ posts · 7k+ votes
8y
Steve Vaughan they did come to my house and give me that money. My fee is included in that. Never found my pants for that deal or the White House deal. If you see them let me know.
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Todd Rasmussen
Rental Property Investor · Clarksville, TN · Member since 2016 · 1k+ posts · 1k+ votes
8y
@Aaron Hunt
I'm a little disappointed you didn't post a spreadsheet so we could help you analyze this deal...
Cap ex is going to be a nightmare. Built 1817? and buying in the heart of DC is going to kill your ROI. Try Catoctin Mountain Park, Maryland. Camp David will get way bigger returns and is over a hundred years newer!
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Eric Delcol
Investor · Tampa, FL · Member since 2016 · 334 posts · 215 votes
8y
@Aaron Hunt I’m an agent in the DC area. I’ve bought and sold many houses that were white so I have a ton of experience. Send me a PM!
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Odie Ayaga
Specialist · Delran, NJ · Member since 2016 · 2k+ posts · 951 votes
8y
I have the over/under of number of newbie investors who PM @Jim K. about his program at 50.
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Michael Lewis
Rental Property Investor · Los Angeles · Member since 2018 · 49 posts · 13 votes
8y
Lol I mean if you turn your swag on the possibilities are endless. Are you thinking about renting it out?
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Jim K.
Handyman · Pittsburgh, PA · Member since 2018 · 5k+ posts · 13k+ votes
8y
@Odie Ayaga
I don't do PMs. If you would like to request a Learning Module, on the other hand...hey, you want the best, you must invest. McRib quality don't come cheap.
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Joseph ODonovanPro Member
Property Manager · Ridley, PA · Member since 2017 · 427 posts · 449 votes
8y
@Aaron Hunt So I hear the head honcho at the Whitehouse is passionate about cheeseburgers. Load up a box truck full of In-n-Out Burgers and back it up to the WH gate. Throw a stripper or two in the back of the truck for good measure. Open that truck door and watch the Big Guy indulge. Have deed in hand ready and get his John Hancock on it b4 his heart gives way. Congrats!
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Dave FosterBusiness Member
Qualified Intermediary for 1031 Exchanges · St. Petersburg, FL · Member since 2013 · 9k+ posts · 9k+ votes
8y
No coaching, credit, or swag needed - just start with a small $million dollar loan from your Dad. In no time you'll own the White house. Proven method!
The 1031 Investor5137 Reviews
Website View Page
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Account Closed
Member since 2018 · 70 posts · 89 votes
8y
The bad news is that Trump doesn't technically own the White House so if does go bankrupt that won't help you get it. The good news is that the US Government owns the White House and it's in worse shape than Trump so there's a chance.
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Joel S.
Rental Property Investor · Brooklyn, NY & Jersey City NJ · Member since 2016 · 39 posts · 7 votes
8y
First of all why would you want to own that bldg’ the biggest target in the world? And then you already own it. You and your brethren can evict its habitants once every 4 years. Another reason it isn’t the beat rental in the world. Joel
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Jim K.
Handyman · Pittsburgh, PA · Member since 2018 · 5k+ posts · 13k+ votes
8y
@Joel S.
Come on, get real. The only person that can get rid of this President is the guy who put him in there in the first place, Vladdie Putin.
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Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
8y
Here you go https://www.mansionglobal.com/articles/living-like-the-president-in-these-white-house-replicas-51831
7e investments53 Reviews
Website View Page
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DeWitt GibsonPro Member
Investor · Phoenix Arizona, USA · Member since 2018 · 176 posts · 105 votes
8y
I recommend using hard money. The current residents say it's a dump so it's probably not going to pass inspection and appraisal.
After you fix and flip it, use the proceeds as a down payment to get into something more upscale like the Taj Mahal.
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John Mazzolini
Realtor · McKinney, TX · Member since 2018 · 60 posts · 10 votes
8y
@Caleb Heimsoth , I buy from individual wholesalers and I have a network of investor buyers. Since you have the White House under contract for 100M, you can assign it to me for 105M and I will sell it to my buyer (Crown Prince of Dubai) for 150M. Hopefully the White House owners don't get mad when they see you making 5M off the deal
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John Mazzolini
Realtor · McKinney, TX · Member since 2018 · 60 posts · 10 votes
8y
@Aaron Hunt , @Steve Vaughan , @Caleb Heimsoth , my buyer loves gold too so no need to get into the risk of rehabbing. It's basically a win-win-win
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Steve K.
Realtor · Boulder, CO · Member since 2016 · 3k+ posts · 5k+ votes
8y
If you had taken Jim K.’s Soaring McRib Eagle course you would already know this high level stuff. Don’t forget to find your freedom number first and just buy as many White Houses as you need to reach your freedom number.
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