All Forum Posts by: Dan Estrada

REI - buying for cashflow. Lower values will help provide more cashflow properties.

How about you?

How will I react?

Either way, the economy will be bad for a few years.... it's part of the larger cycle....

If my guy loses Biden was just talking about pushing that BK CH13 crap through that will allow judges to modify loans and reduce principal. This will cause lenders to react, tighten credit, increase foreclosures, and depress the market further.

On the one hand, I have a guy that will be better for the country. On the other hand, I have a guy that will unintentionally help my business by damaging real estate values.

Hmmm.....

Here's a telling one from Obama:
http://www.youtube.com/watch?v=iivL4c_3pck

Google "ccww defogger system" in your area and see what you find. You can also try www.GetTheFogOut.com and look for a local contractor.

Cosmetic fixes on a house to sell isn't a 1 to 1 ratio item. Skimping on things that help the initial appeal of the house can easily cost you 2 to 3 times the cost to hire it out when it comes to the sale price.

The windows can be saved at a cheaper cost. Window companies can now drill a couple holes iinto the outer window, fill the interior with solution, and seal the holes so the window will dry and clear up internally.

Then one day he was shootin at some food,
And up through the ground came a bubblin crude..... :lol:

Nice to see someone else from my neck of the woods. Wheatie is right. Take a trip to Lowe's or Menards and spend a couple bucks on dirt and extensions for the downspouts before going for the big fix.

Making sure the water runs AWAY from the building is the place to start.

Those companies employ our people who pay our taxes. Making our country a place friendly to business is good for the employment rate and our economy.

Can someone please explain how they AREN'T supporting our country by doing business here? :wink:

Now come on... that is just CRAZY talk... :goofy: :superman:

Ok, time to inteject here. I am new to BP and have spent considerable time on other forums over the years. I have dropped a number of REIA events and message boards in favor of business activities.... so don't be surprised if I don't answer replies.

That said, I have done the training and have a few things to say.

1) There is a HUGE difference between vetting a guru where seeing the deals they have done and vetting someone's ability to target a MARKET. The former teaches a TECHNIQUE. The latter is bringing people into a MARKET and showing how they analyze the market and look at the properties. While the former MAY work their techniques anywhere, the same cannot be said for the latter and giving the addresses in those markets would give away said market so the comparison is flawed.

2) Tim signed Non Disclosures with the investors he works with. I know since I was first. There has been comment to secrecy. You could look at it negatively if you like but keep in mind those Non Disclosures work both ways. I keep quiet about where we are doing these deals, how we do them, why the market works, etc because in signing that document, I gave my word. Tim is also keeping his word to the folks that he has taught so please consider what it says about you if you ever ask someone to break THEIR word.

3) Understand the value of information. I have been asked if the price paid was worth it. I respond with an enthusiastic HELL YES. We got in the market and kicked butt creating 6 figures in equity so far this year and now are screening tenants to turn to the cashflow phase.

This is a completely voluntary and UNsolicited opinion based on experience. You can take it for what you wish but remember that since what Tim has offered is tied to analyzing a market... asking for information that would identify that market is, in essence, asking for something for nothing. This is a form of an entitlement mentality and until you get in the game.... you aren't entitled. :wink:

Original member of the Windy City Round Table (we called it WCRT for short back in the day)
FORMER member of WCRT
Current member of the Windy City Round Table and I'm grateful that my business systems include project managers and I don't have to do wait for contractors in favor of building more systems.