All Forum Posts by: Account Closed

I wonder how many investors would be wiped out if 1 deal went south on them unexpectedly. The thought of that alone would keep me up at night. I have traded stocks on and off for years and I am shocked at how many daytraders get taken out with just a single bad trade. You can have a string of successes but if you are too levered that one bad one that you didn't see coming can take you out of the game.

Everyone wants to get rich quick and not build sustainable businesses that create jobs. It's about fast money at all costs. At least that is what a fun book I just finished claims called "The High Beta Rich". I would recommend reading it. Personally I think the easy money as been made. We had the .com boom and the real estate boom and now our country is tapped out. Time for Americans to step up, get our hands dirty and innovate again.

I would ask if they are familiar with simultaneous closings and if they would manage this type of transaction for you. I would also talk to them about deposits and if they will allow you to keep a minimal deposit in their escrow account and not require you have a deposit with them for every contract you have tied up. That can add up if you have dozens of contracts each requiring $1000 deposit down or so.

I am just jumping back in recently but it seems to me flipping is alive and well in Florida! At least in the starter home category. It's very difficult to find deals and that is reflective of demand.

The source is CNBC. So the government is going to give Goldman Sachs and other institutional investors the best houses at pennies on the dollar. It must be nice to keep going back to the same well multiple times at the tax payers expense. America what a country!
Sad. Well at least that should help absorb inventory and firm up prices at some point.

If you manage to make that work. Sign me up.

Dory have you tried to do business with the Chinese b4? They can be very dishonest and untrustworthy when doing business with foreigners. It's the wild wild east over there for sure. There are some interesting books out about huge US companies getting screwed when trying to expand in China.

Derek I don't know anything about yellow letter mailings. But I can tell that you have an awesome drive and attitude. And that's more than half the battle IMO. Keep trying different ideas and keep moving forward until you succeed!

I agree with everything Michael said! Michael I am heading to Tampa next week and would really appreciate the name of your realtor. I am sending you a message.
Cheers

Mike

Hi Niselle. No the best education is the free kind. I just see new investors wasting enough money on "education" from sketchy guru types that could have been spent on one's first deal and that is just plain wrong. I think you can learn for free and get started in real estate investing with little to no money. It's key to work with someone who has experience even if it's a really great and trusting realtor. I wish you the best of luck!