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All Forum Posts by: Jason S.

Jason S. has started 11 posts and replied 399 times.

Post: What was your best deal out of your RE career? & why?

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233
Originally posted by Geoffrey Murphy:

Jason- That was just an incredible profit you made, how was the experience?

It was just a sign of the times, it was not that I was or did anything special, just riding the market at the time - I am not even certain that was our best deal.

Post: What was your best deal out of your RE career? & why?

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

Bought 18K flat buildable lot.
Built 1295 sq ft MH w/garage.
Sold for $295K.

Post: Jobs Are Back!

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233
Originally posted by Daniel R.:
i dont know alot but i would say to these people- lower the cost of your living expenses.

you are saying they should work 11 hours labor for $60 and in order to compete with workers that justify the employer's illegal behavior and outdated business model?

I know plenty of millionaire "investors" building homes, fix/flipping etc, using exploited labor (as in paying below legal market wages, legal as in the wages they would have to pay for a legal worker with overhead, taxes, insurance etc), breaking all types of laws, putting the burden on taxpayers, and they walk around like they are perfect and beyond reproach. the arrogance is amazing yet they do not see their own hypocrisy.

Post: Jobs Are Back!

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233
Originally posted by Jon Klaus:

I could not finish the article because to me it is filled with a bunch of criminal employers that are reducing their costs on the backs of US taxpayers - you thought I was going to say "workers" didn't you?

These workers then use emergency rooms for medical care, free schools for education, and on and on it goes. It is a big problem and I feel for the worker, but breaking the law is not the answer. Once again, if I was the worker I would do it, but the employers, they do not have to - they are the problem.

The employers are crying because they can no longer suck money out of the American economy to justify their own outdated business model.

What is even more disgusting is the way these blatant lawbreakers (the employers) are willing to let their names be published etc. Unbelievable.

This is the same for all of the Contractors and even Land Lords (even here on this forum) that use illegal labor. You can justify it all you want, but you are taking money out of my pocket (taxes) and putting it into yours (profits). I hope none of them call themselves "conservatives" or as a part of the "tea party".

Post: Does this happen to you

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

Are you taking supplements?

Like NO, Jak3d, Ma Huang, etc?

Post: RANT - Lock up when your leave!

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

I bet your investors are real buyers aren't they?

Dog eat dog my friend - happens everywhere all of the time.

Signs stolen, keys stolen, break ins - you name it.

Post: Does this happen to you

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

Therapy or Decaf - one or the other may help.

Post: Areas to avoid in Sacramento???

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233

I am bumping this because I too am interested.

I have seen some great Sac deals, or what looked great, lately.

Post: What's Your Strategy for a Passive Investor with $X to Invest

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233
Originally posted by Dale Osborn:
O = Investor with $1K:
Invest in 2 MHs at $500 each. Resell as-is at $2K each & carry back a note. If you do not want the 12% interest - discount to a note buyer then look for some more MHs to work with. Perhaps a little educational reading of "Deals on Wheels" by Lonnie Scruggs first.

1 = Investor with $10K:
Make rehab loans to MH rehabbers. Look for better quality MHs to buy and resell carrying back paper.

2 = Investor with $25K:
Buy MH notes at a discount from those actively buying and selling or rehabbing MHs. Provide lower discount to home owner to pay off loan early to get cash back. Look for another note to discount.

3 = Investor with $50K:
Partner with rehabber on a REO 4-plex. Have rehabber fix it up, get tenants in place with security deposits. Sell as a turnkey investment to other investor.

4 = Investor with $100K:
Joint venture with individuals looking to invest in SFRs. Spread it out in $10K increments. Perhaps up to $30K or $40K could be put into a 4-plex.

5 = Investor with $500K:
Look for a single family residence around $150K to buy as their own home - "never buy a home until you have the passive income to pay for it or pay cash for it". With the remaining $350K look for a distressed MHP to purchase for your retirement income. Clean up the mess left by the mismanagement company: Evict druggies & prostitutes, Clean up trash in the MHP, Trim all trees and bushes, move out junkers or get a MH rehabber or Lonnie Dealer to fix them up and resell them. Bring in repo homes and fill up all vacant lots. If the passive income is not enough to fund your lifestyle in retirement - once things are running smooth and all lots are filled - sell the property and do a 1031 exchange into a larger MHP! Train kids to manage it for you so you have plenty of free time to travel!

I'd love to set $1,000 aside and see if we couldn't make this happen, document it all of the way through and prove its possible. I believe it is, do not get me wrong, I simply think it would be worth proving and making available to others - not as a guru fee, but as a project template for some of the more proactive and "true" non-profits or church's to give those that want to work, a chance/path/guide.

Post: Turnkey sellers - why are expenses ignored?

Jason S.Posted
  • Investor
  • Diamond Bar, CA
  • Posts 446
  • Votes 233
Originally posted by Phillip Gainey:
We haven't. This is what we've done, and have been fortunate enuf to have found some investors here on BP to do just that.

Am I to understand that you are part of some type of investment company that is competing for investors against those whom you are criticizing?