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All Forum Posts by: Jim Wineinger

Jim Wineinger has started 22 posts and replied 1256 times.

Post: Thanks BP!

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

You might be supprised as to how few of these posts I have seen compared to all the recent newcommers. It is always welcome to here of success such as in your other post.

Stick around and give back to others what has been given to you and it will help make us even more successful.

Post: "Why invest in real estate when stocks are better?"

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

Only as long as there is a buyer willing to buy at that price.

If I have 60 grand in my account, buy 60K worth of a stock and it miraculously drops to 1K, I cant sell it right then because there will be no buyers.

Now I have nothing but a piece of worthless paper.

Post: "Why invest in real estate when stocks are better?"

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374
Originally posted by Darren Little:
There are obviously pros and cons to any system. However there is one thing about the stock market that will always remain appealing in my eyes.

It's 100% liquid. If I have 60K in stocks that doubles to 120K in a trading day, I can sell it. Then and there.

Hard to do that with a house.

It's also hard to acquire 100K worth of stock with little to no money down. :)

You can only sell it then and there IF someone else is willing to buy it then and there.

Same with the RE. IF someone is willing to buy it then and there, just sign the paperwok and take the money.

If no one is willing to buy your stock you are not liquid at all, as a matter of fact you have no liquity and no cash.

Post: Question about land ?

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

Yes it is possible, but I have found that the price will vary greatly even from lumber company to lumber company. You will just have to find the right one in your area for you.

Post: Question about land ?

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

There is no way to answer that question without knowing what the lumber compaines in that area are paying for their lumber and the kind of lumber on the properties, such as pine, oak, or other such hard and soft wood.

Some will charge to come clear your land for you if they are not selling the lumber already in stock since cut trees deteriate at a much faster rate than processed wood would.

Then you also have to find out if lumbering is allowed in that area.

Way too many variables here to say anything at all. But if everything is a go then your price would be determined by how many board feet of good lumber that they feel they could get from those properties.

Post: Hello from Detroit, the Cash Flow Capital

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

Not a problem. If my house in Detroit and most all other houses are selling for 5K then the tax assessor must re-evaluate. There is a simple procedure to question the evaluation and some have even been set by court cases when the assessor did not do as required by law and apply the FMV to the home.

I have even had to go the other route and force the assessor to re-evaluate my home much higher so that the financing would work. It works both ways.

Post: Help finding another website similar to Bigger Pockets?

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

That is available right here, and not much does go unnoticed by those who are networking properly.

Post: How to lose instant networking credibility

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

The sniper often uses a shotgun and I dont want to be in front of either one!!!!

Post: How do I do this...?

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

The trustee of the Trust deed is not the same as the trustee (or beneficiary) of the Trust.

They are two separate things. I believe you are confusing the two as one.

Others will be better able to explain this to you than me but the trustee IS NOT the beneficiary.

The trustee holds title to the property for the benefit of the beneficiary.

Post: Help finding another website similar to Bigger Pockets?

Jim WineingerPosted
  • Real Estate Investor
  • ten mile, TN
  • Posts 1,491
  • Votes 374

Look all you want to, but there is noting else like BiggerPockets. Period.