All Forum Posts by: Kaz P.

Don't let lack of knowledge stop you. Heck, you are light years ahead of most people. Do a deal screw it... If you make a mistake so what. Don't be one of those now you see me now you don't kind...lol

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Ok then, let's say you are doing 20 or more houses a month. That doesn't make financial sense to me. Something I've always been curious about.

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When flipping bank owned properties on a larger scale than the average investors, are investors putting down EM on every house?

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Can a listing broker market a property to other buyers while you as the investor have it under contract?

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I had a what looked like a deal at least. Giving a 10K discount. Is it that not enough people no about the deal or not deep enough?

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Originally posted by @J Scott:

Originally posted by Kaz Phillips:

Robert Kyosaki talked about how he built a cash rich company. He made interesting points yet so true about the mentality of some. He told about a colleague or someone asked him why he had 7 cars. Why would a person need 7 cars is what the person said. He replied "I like my cars" I work hard for my cars...in so many words.
Case in point, why would that bother someone to the point where it startles them or cause ill feelings or jealousy? Most of the greed comes from poor people and their perception of wealth. Some people want to get paid 10 bucks but want to do 1 dollar worth of work. That goes with big money as well.

Should we really be taking lesson in greed from Robert Kyosaki?

Last year, he lost a $24M lawsuit to the Learning Annex -- they helped him get famous and once he did, he decided he didn't want to pay them for their work. Instead of paying the $24M (he's worth an estimated $80M), he declared bankruptcy in the company that was sued, thereby protecting himself from having to give up any of his personal wealth.

While what he did was completely legal, it's not hard to argue that it was also completely unethical (not living up to your contracts with the company who helped make you wealthy). I'm pretty sure this would also qualify as extremely greedy.

So, when he talks about people who want to get paid $10 to do $1 work of work, remember that he's the guy who was happy to do $10 worth of work, but cheated others out of their share to keep the full $10...

@J Scott Despite the outcome of Kyosaki's mistakes as an investor, I think one could learn something from that lesson that you spoke about alone. I did....however, Whether I agree with what he did or not. Somewhere in the world someone richer than he and more knowledgeable from their experience could teach him how he could of approached that differently. You know, poor is a mentality. It creates a ceiling on perspective in a lot of cases. Sometimes somethings can't be helped. That was my point about Occupy Wallstreet.

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I have a different perspective. I'd use that type of information to help determine the true value of the property. Certainly don't want to offer the bank more than what they paid for it or over pay if that makes sense.

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How can investors find out what the bank paid for the property? I've looked in public records and other sources and haven't gotten a solid answer to help me sleep at night. Insight on this would be greatly appreciated.

Thank you

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Will placing bids on the HUD website be affected by HUD employees not being able to work?

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All Forum Posts by: Kaz P.

Kaz P. has started 12 posts and replied 53 times.

Post: In 3 words, describe your 2017 Real Estate goals

Post: Noob from Orange County, Ca, here to learn 😊

Post: Doing Volume

Post: Doing Volume

Post: Marketing a property while under contract

Post: 10K off should be enough

Post: Are the rich the "greedy" ones?

Post: Property Evaluation

Post: Property Evaluation

Post: Is anyone experiencing the gov shutdown?