All Forum Posts by: Account Closed

When you understand creative acquisitions techniques - Control and Roll, and get out in your market - you will do well - I have been doing it now for many years and earn a ton of money - it is a good business when you learn how to do it right.

Sure good idea - IT IS CALLED STREET SMARTS! 

• Go to your local rent court as often as you can - 
• Listen to the the cases 
• Make notes of who won - the tenant or the landlord
• Meet the landlord/owner out side the court room after the case is concluded
• Say - "just heard your case - I am looking for real estate - I'd like to build a real estate portfolio - do you know of anyone with properties that would like to sell?"
• Alternately - look at the cases, write down all the names and streets on the docket - call or send a letter.
• There is a place at the court houses where landlords file their complaints - hang around there - you'll meet many landlords/owners who don't want real estate any more - they have HAD IT with tenants. They'll be happy to talk to you.
• Also - somewhere in the same court house is HOUSING COURT - this is where owners need to appear to tell the judge why they did not abate their house code violation - meet and greet and profit.

Kenneth - been in Baltimore all my life, 74 years- full time investors - call me - come to our meeting this evening or Dec. 6th.

Charles

You should try to get an extension - don't think you will get a loan that fast - good luck - come to the MDREIA next week to find buyers for your deals.

Thanks for your service - I joined the Army when I was 16 years old in 1959 - got out  when I was 20 - had a few jobs and decided working a job was not my cup of tea - started learning about the profits in real estate - now 48 years later - I am so glad I started young - own several corporations - a real estate investor's school and an auction company - full time making offers and loving the activity - the income in this business is amazing - when you understand how to make offers (Contract Engineering) how to find the profitable assignments (Power Prospecting) and how to have it your way (Negotiating) - this business becomes fun and profitable.

Thanks for your service - good luck with the real estate business - BP is here for you and others - do stay in touch.

Charles

Our CPA can answer this and other questions at the www.MDREIA.com meeting next week.  Stop by - on Harford Rd.

Sure, what do you need?

Charles

My opinion is why pay to save a few dollars - use your energy to finding great equity packed deals (get involved with Power Prospecting) - when you are close to a great deal ---- refinance or get a credit line - use your equity power to grow your wealth - don't be passive at this point.

I have been too conservative in the past and loving my equity and net worth - the power with cash and equity is amazing - MONEY - is a powerful commodity - create it and use it to achieve your goals. It's fun to play for real.

• Recently refinanced my commercial building at $600,000 to do a development - tripled my net worth - it was a little scary - but it worked
• Sold a house for the need of $50,000 to invest for a higher return - better equity position now
• Real estate is almost like Monopoly - I could never win the board game - but excelled in real life - great ride when you have family support
• I think to really make it in this business  -  you need to do something in real estate daily - don't wait until the mood or the available time to do something is convenient - be positive --- do it NOW - time is the measurement of your financial goals and life ------- make calls - write offers - market - look at real estate - read/study, talk to people you want to emulate.  Don't run out of time ........ (at 74 years old now - I am running faster than ever)
• Keep score - I remember every time I purchased a house ------ I would put my equity on a list and watch it grow - every property purchased, I'd add to the list of growing equities. 
• I think this system is like goal setting - setting a goal of increasing your net-worth is exciting - you always look for that equity to reach $1,000,000 -  WOW - keeping score by setting a goal filters from your conscious mind to your subconscious the never sleeping subconscious mind is always planning and directing to your awake mind - things to do to meet that goal.
• A great way for the new investor or burned out old timer is to start the real estate learning or relearning process is to use a system I've recommended for years - The 50 House Rule -
• Look at 50 houses in your investment area - do this only with absolutely no intention to buying or making an offer,  look at FSBO's, with agents and open houses - keep a journal with copious notes, record what sellers or agents had to say, price, days on the market, history of reduction, your opinion of seller's motivation, date - your thoughts.
• Doing this will help you understand the MARKET in that area - you can't be fooled by sellers or agents - you'll be smarter than most of the investors and agents in the area - you'll know and recognize a bargain when it comes your way. You'll be ready to pounce on it and make that equity profit you've been looking for - add it to your score card.
• When you are ready - that is looked at a bunch of properties and you feel you know the market - go back to your journal and review your notes, call the sellers or agents - make offers.

Have fun - this is a great business.

Charles

Why limit yourself - go where the CASH FLOW or EQUITY IS.........most of those neighborhoods you mentioned are already lost to more experienced investors and developers - I don't think you are going to hit a home run at this time in those areas............just my opinion.......

Charles 

http://www.ripoffreport.com/r/Alive-Investments/Ba...