All Forum Posts by: Anthony Gayden
Anthony Gayden has started 77 posts and replied 1981 times.
Post: Inherited wealth vs. earned wealth
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @Matt K.:
Originally posted by @Anthony Gayden:
Originally posted by @Jack B.:
The 3 million in real estate I own, half of which is equity, was earned. I stood on my own two feet since 18, paid my own way and bought the houses with 100% of my own money that I saved from a high income career I had built.
Fast forward 7 years later, a slovenly, low income guy at my company just inherited enough money to buy a hand full of houses from his wife's family...
It really is amazing how just mere luck can catapult some people...Mind you he is still nowhere near my net worth, but still, it stings a little to see someone just get a huge leg up by chance...
Honestly, it never bothered me when someone else inherited money. I certainly will pass wealth on to my children. What bothered me was when I saw people who inherited wealth and blew it all making poor money decisions. It happens over and over again.
Assuming you have no relationship with that person why spend the effort caring what they do or don't do with their money? I mean if this was a family member or similar then sure makes sense it'd be upsetting, but past that why care?
I don't wish harm or foul upon anyone, and it pains me to see the financial mistakes that so many people make in their lives. I care because I want others to succeed.
Post: Inherited wealth vs. earned wealth
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @Jack B.:
The 3 million in real estate I own, half of which is equity, was earned. I stood on my own two feet since 18, paid my own way and bought the houses with 100% of my own money that I saved from a high income career I had built.
Fast forward 7 years later, a slovenly, low income guy at my company just inherited enough money to buy a hand full of houses from his wife's family...
It really is amazing how just mere luck can catapult some people...Mind you he is still nowhere near my net worth, but still, it stings a little to see someone just get a huge leg up by chance...
Honestly, it never bothered me when someone else inherited money. I certainly will pass wealth on to my children. What bothered me was when I saw people who inherited wealth and blew it all making poor money decisions. It happens over and over again.
Post: Do you need a "business" to get started?
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
No you do not need a "business" to get started. It may help and give you a more professional appearance, but I think that when you are starting the most important thing is doing deals. You don't need an LLC to do deals.
Post: Direct Mail: Call center vs Voicemail vs Answering Call Yourself
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @Miles Stanley:
And how does your system work for you? Have you found that the truly motivated people will tend to leave messages or do you get a lot of looky-loos still?
Thanks,
I haven't noticed any hesitation to leave a message. I haven't received many hang ups, and almost everyone who has called while I was busy left a message.
Post: Buying Primary Home vs First Investment
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @Phillip Gonzales:
Good afternoon everyone and cheers from Phoenix, AZ! So over the last 6 months or so I have been debating on buying first home for family of continuing our rental and buy our first investment. A little backgroundI am FT Realtor and have been in the market since 2015. I've blessed enough to have sold 48 deals in my first 2 years and has given me a 6 fig income in 2016 and already in 2017. I have the chance to buy now come January, but torn between using the first buy as one for my family or using money toward flipping. I don't have the option to buy a 2/3/4 plex and live in one. Wife doesn't want that and I don't want that. So would you guys who did it over again for your first flip or buy a prime home first and the start flipping.
Current rent $950 a month and we live in uptown PHX which is a very desirable area with homes in mid 500s +.
Mortgage est would be around $1500 and then I fig after buying. I would then start flipping.
Any insight would be appreciated.
$950 a month to live in a very desirable area and you are even considering buying a primary residence.......lol
If I was in your shoes, I would buy investment properties first. Locking yourself down with a home that will likely have a much higher payment than where you rent doesn't seem like a great idea. I bought my first investment property (a 4 plex near 27th and Greenway) while living in an apartment that I rented.
Post: Direct Mail Companies
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @Randall Ortiz:
@Anthony Gayden how many responses did you get from the 391 mailed out? Any deals?
Thanks for posting the costs.
The mailing starts going out the week of October 30th, so I don't have results yet. I am trying to do a mailing the first week of every month. Each mailing I send out will be larger than the previous one.
Post: Direct Mail Companies
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Originally posted by @Cody Evans:
I paid $86 for a list of 779 absentee owners. My most recent Direct Mail campaign had 391 names on it. The cost for postcards and mailing services was $211.34.
So that comes out to about $0.76 per post card mailed. These are standard size full color postcards.
Post: Direct Mail: Call center vs Voicemail vs Answering Call Yourself
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
Post: Direct Mail Companies
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
I have used Vistaprint for my first two direct mail campaigns. I bought my lists from Listsource.
Post: Foreclosure bidding agent Cleveland, Cinnicinati Dayton
- Rental Property Investor
- Omaha, NE
- Posts 2,030
- Votes 3,310
It looks like an amazing opportunity.