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All Forum Posts by: Cody Scholberg

Cody Scholberg has started 2 posts and replied 9 times.

Post: Similar to Rich Dad Education Software??

Cody ScholbergPosted
  • Investor
  • Atlanta, GA
  • Posts 11
  • Votes 8

Rich Dad is not well liked by John T Reed, that's true.  However, Rich Dad is a lot more successful with publishing financial education books and selling them than John T Reed is.  John T Reed is also extremely draining to hear cynically rant.  I think Kiyosaki built an enormously successful business and brand.  His real estate books written by those in his "Rich Dad Advisor" series are fantastic.  

I experienced scammy coaching and seminars before from him.  I didn't like it.  These people work for him, and I suspect they lied or he didn't quite realize what they were and it was a mistake, probably.  Either way, I've learned more useful stuff from Rich Dad and his advisors and newsletters than any other guru by a very long shot.  Many of his books and seminars and talks are rehashes of the same stuff.  deal with it or don't.  john t reed may have a flair of jealousy for the vastly superior financial education publisher.

Many people laughed at Rich Dad company when it went bankrupt.  Oh these people of little faith.

I almost married a girl whose grandfather hand built from scratch almost an entire city commercial and residential's worth of rental real estate.  about $50 million in annual passive income after taxes.  she would always have to drive up there with her brother and her aunt and uncles because they would always have to sue each other, and then the individual who was charged would bankrupt the charged entity.  It saves a lot of tax dollars to do that.

He also teaches good values and is fun to read, usually.

Personally I found, bought, rehabbed, rented, and managed 8 properties because of Kiyosaki.  7 were with the money my parents have, so they're theirs, but I got the experience.  I got mine 2 years ago and make about $550 profit positive cashflow each month before any tax deductions and it's worth about $60,000 more than when I bought it, which is partly appreciation, partly market, and partly skill.

Kiyosaki is hated on because he succeeded.  To say he's fake is denying reality.  He succeeded and got rich just like he teaches people to do.

as far as im concerned, i don't own much until this degree of ownership is achieved.

Post: Hereos Act will hurt landlords in a bad way

Cody ScholbergPosted
  • Investor
  • Atlanta, GA
  • Posts 11
  • Votes 8

Nobody realizes that they left out the most important step of turning a society into a "communist utopia".  After the government has gained control of all the means of production, they leave out the part where they give it back to the people to become equal with them. This is because communist utopia was never the goal, it was a trick that they told you they were trying to work towards in order to enslave you

Post: Hereos Act will hurt landlords in a bad way

Cody ScholbergPosted
  • Investor
  • Atlanta, GA
  • Posts 11
  • Votes 8

https://www.biggerpockets.com/... this is correct.  i pulled out three relevant pages of the Communist Manifesto

Post: Hereos Act will hurt landlords in a bad way

Cody ScholbergPosted
  • Investor
  • Atlanta, GA
  • Posts 11
  • Votes 8

you know....reddit.com stopped opioid prescribing companies from outlawing Kratom in Florida in 2016 and every year since after they discovered the main Assemblywoman against it was sponsored by the Florida Medical Association who had - and it's still on archive.org - registration for an opioid prescribing workshop on their homepage.  (Kratom is a Southeast Asian plant that can be very addictive that is opioid like but can't kill you as it lacks the effect of suppressing breathing that true opioids have).  Meaning, they tried to outlaw anybody competing with them and lock them in cages like animals.

The point is, they stopped it by making sure there was not even one minute of any day that week that the phone lines and email inboxes weren't swamped-flooded with calls telling them not to.  They try every year to outlaw the plant, but reddit stops them every year now.

Those are a bunch of junkies, for the most part.  Certainly real estate business owners and investors can find some systematic way of cooperating together to do something even more effective?

Post: Hereos Act will hurt landlords in a bad way

Cody ScholbergPosted
  • Investor
  • Atlanta, GA
  • Posts 11
  • Votes 8

Bjorn Ahlblad   This is true.  It is also true that America is a *very* different place than any other country of the world.

America doesn't belong to any race or people, even though it was English people that started it.  Any country's people is free to move here, gain an influence, change policies, etc. which will affect the rest of the world.  You can take away guns from European countries that are largely one people, and they will work for the common get and get along and not be needed. But you simply can't take guns away from Americans.  It will never happen.  That was the reason it was amendment #2.

I wouldn't worry too much, but I would tell people and warn them against this, but don't get worked up about it.  Look on the budget proposal every single year, they always "consider" and try to outlaw basic rights every single year.  They always try to remove veterans disability, for example.  But it never, ever happens.  There have always been communist party members in our country, and there still are registered communist members in Congress whose CPUSA meetings focus on destroying America and overthrowing the government and our free way of living through crippling capitalism. 

Bas people have indeed grown extremely powerful and are trying to convince everybody that they make the decisions and control history.  And, especially this year, they are hijacking every bad thing, advertising it through their propaganda news networks, and are trying to make all of us think we are the problem, so we feel hopeless and fight each other.  Otherwise we'd get bored and notice..."why do YOU get to stay in power and so rich and get away with crime?  where's my turn?  why do YOU get to be above the law?"  They can say whatever they want and fool whoever they can, but the course of history won't change.  It didn't.  It got too far, so the even greater powers at be are beginning to fix things.  Bad people are being captured in large numbers and weeded out, but silently.  The big star-puppets who promote these things like religious leaders, politicians, CEOs, Professors, and bankers - all buddies with the Chinese Communist Party, the most powerful criminals in the world, and do what they say, as the ccp is the head big boss of criminals.  So they are panicked and feel good people are a thorn in their side and are doing anything necessary to destroy the upcoming election.

It's not that they think they can survive.  They know their time is almost over, and they are just trying to take down as many people as they can.  Their extremely arrogant attitude thinks they have the right to enslave us all, make us provide our own food and shelter, take away everything we have - even what's ours - and they're willing to do so from any angle.  Example:

They have convinced our society that landlords are evil, and that this particular line of business needs to act as a charity.

Why don't grocery stores give free food?  Why not clothing stores?  What about breweries?  I'm making a point here, that's all.  They dislike landlords because land is one of the very few assets that pays you because it produces value based off itself being worth something and not the work anybody does, like stock, for example.  It is real value.  Other things are, too, like royalty rights and other intellectual properties, but those are relatively hard to secure and somewhat rare.  Landlords are unlikely to support the redistribution of wealth, so they demonize them.  It's the only group they cannot control or whose value they can't remove except under exceptional circumstances like outpricing people's homes through property taxes after high inflation and imminent domain (where they compensate you for the value of the parts of the asset but don't compensate you for the fact that you had permanent income forever that you no longer do.

There's only so much we can do, though.  After all, it's the way the system is designed.  The private (mostly) Fed lends us money, which we must repay as it's a loan, and with interest.  But how much sense does it make for us to pay interest on money that doesn't have any value and is merely printed paper created to make the transfer of value convenient?  Why would we owe them interest?  They didn't put up or lend us anything of value.  But until the world wakes up and realizes that all we have to do is demand Congress prints our own money, like US Notes rather than Federal Reserve Notes, and then demand that taxes are paid in US Notes, and we wouldn't have the problem of inflation anymore.  Only natural inflation, rather than artificial booms and busts (which are NOT inevitable parts of some so-called "business cycle", but are the result of the sale and purchase of Treasury Bonds to make currency plentiful or to make it scarce, like to get everybody speculating, building, and gaining things, but then to crash it so they can swoop in and buy them all for pennies on the dollar for themselves.

This interest we pay....where is the credit for that debit?  There isn't one.  By design, most of the value can only get transferred to them through the government.  You may have your money, but all the value has been gone.  They legally stole your money, is what's happening.  Inflation isn't really inevitable.  That's just what they sell you on.  It only happens when everybody's life improves by a proportional amount thanks to some new capitalist or investor adding benefit to society.  It's so small you'd never notice.  The gold standard was also not good, since it is such a scarce metal they have 2/3 of, it is easily manipulated.  besides, transfer of value convenience is the purpose of currency.  If the currency itself has value, how do you transfer THAT value?  You can't.  Fiat currency is the best, but only if it's public and printed by the people, debt-free, and only if just enough is printed to do the government's things and there is enough to facilitate trade among the people.  Colonial scrip worked really well, according to our founding fathers, and so did Lincoln's Greenback.  Silver was okay, because it is plentiful, but it still isn't ideal, cause its value can't be transferred separately, as it is intrinsic.

We don't even own our land usually, anyway. And even if you DO get a land patent, they can still use more guns than your and take it and cover it up and lie to those who find out.  It's a way of powerful criminals pushing off their burdens onto those below them.

Post: The BRRRR Book's Strategy - Only Good in Theory??

Cody ScholbergPosted
  • Investor
  • Atlanta, GA
  • Posts 11
  • Votes 8

@Account Closed  - indeed.  Here in Atlanta, we had to compete with big investor groups who were buying 200-400 houses per month.   I know that struggle.  You're right.  It is difficult.

Post: The BRRRR Book's Strategy - Only Good in Theory??

Cody ScholbergPosted
  • Investor
  • Atlanta, GA
  • Posts 11
  • Votes 8

all of you are AWESOME.  Thanks!

Post: The BRRRR Book's Strategy - Only Good in Theory??

Cody ScholbergPosted
  • Investor
  • Atlanta, GA
  • Posts 11
  • Votes 8

I just got this BRRRR book, and it sounds like an awesome strategy on paper, but…. every time I've gone to a bank to refinance a rental – even one we owned outright and bought with cash, they have said that they will not do that unless it's a primary residence. Am I missing something here?

In short, I’ve tried this strategy before, and neither big banks, small banks, or mortgage brokers will let you do this. Is this real? Please explain.  I feel like I just got suckered into buying another book of fluff.

Thanks!