All Forum Posts by: Account Closed

Jim Doine, I'm merely making an observation on this, a discussion board. Obviously, this site has a lot of fans. It's a fine site. But there are (literally) hundreds of sites where members contribute (it's the members who make a discussion board) free information.

The Motley Fool, for example, is a free site--the largest on the Internet--effectively moderated, by the way, that tried to charge for board participation. Didn't work; they had to go back to free subscriptions. They have an extensive real estate investing section, but I've never seen a request for donations there, either by the moderators or the members. It's quite unusual, in my observation, to see a request for donations on a for-profit discussion board.

In my experience, if you don't include a listing agreement with the SS submission package, you can include a letter signed by the borrower explaining how he secured a buyer.

I run into this all the time when I'm negotiating short sales. You just have to keep negotiating until the gap is bridged.

My former partner specializes in high end homes in the Hollywood Hills (breathtaking views) and elsewhere in Southern CA. I communicated with him recently. He said he's still in the game but, for the most part, he cashed out at the height of the market, bought professionally managed apartment buildings all over the United States and now just collects rent checks.

It's an understatement to say he left me in the dust. *wimper*

Will you share with us, please, how you accomplished this?

Last weekend I attended a workshop on how to flip homes on the internet. I recommend Duncan Wierman's (Google) course. You can check it out for free.

Now, now...don't get all defensive. I was just asking a question; not "coming down" on anyone. From what I can gather, advertiser paid sites like this CAN be quite profitable. That's why people run them. Perhaps it was my use of the word "solicit" that got y'all riled up.

In a similar vein, last weekend, I got my eyes opened to the profit potential of eBay. Did you know there are people selling on eBay who make MILLIONS every year? I'm currently reading a book titled The eBay Billionaires Club. Fascinating.

There are all kinds of software out there that are "little helps" for advancing one's business goals. This may be one of them. I'd have to know how much it costs to do a cost/benefit analysis before I pooh-pooh'd this software entirely.

Did you know there are over 1,000 "apps" for the iPhone? Some of them are dumb but some of them are life-saving.



Now, you might say, "why don't you just breathe in a friend's face; he'll tell you if you're drunk," but is that really the point?

Different strokes for different folks.

I, too, disagree. I was once approached by a rehabber to be a 50/50 money partner with him on rehabs in South Central Los Angeles. He already had a moderately long list of money partners but he was always seeking more. He offered a well put together credibility package; otherwise, I would not have invested with him as I didn't know him. I called all his referrals and they gave him rave reviews. He assembled a list of enough ready/able money partners to do enough deals that eventually he needed no money partners as he moved to bigger and better properties. He's now one of the most successful rehabbers in Los Angeles.

All this from small SFR deals in the 'hood...