5 June 2017 | 8 replies
If anyone tells you this is an easy business, a get-rich-quick scheme, hold on to your wallet.
22 November 2019 | 31 replies
Especially “rounds of funding” not the kind of words that most people who would use a credit card scheme would tend to use.
3 August 2017 | 24 replies
BRRRR is the get rich slow scheme.
24 April 2018 | 240 replies
In my experience, folks who say things like this are:1)Guru snake oil salesman touting huge fantasy profits with zero risk trying to lure the next sucker into their scheme, or2)Are so full of themselves and enamored with their own investment greatness that they have bought into their own hype and actually believe that what they are doing has no market risk and can't lose, or3)Both 1 & 2 above.If I can alert newbies out there that anyone claiming to be immune from market forces and can't lose money is not to be trusted, admired, emulated, or even taken very seriously, then I have added HUGE value to this forum.
10 August 2017 | 112 replies
My plan to overcome this is by analyzing deals daily, attending as many networking events as possible to show others I am committed and not just looking for a "get rich quick" scheme, and by being obsessed with personal development and education.
30 August 2024 | 70 replies
This is a pyramid scheme.
17 September 2020 | 502 replies
1) Bought and managed my own new construction home project2) Negotiated the price of the house from $257,000 to $250,000, rearranged the interior of the home and selected the color scheme for the exterior of the house3) Shopped around for custom-made kitchen cabinets, carpet, hardwood floors, tiles, light fixtures, and appliances4) Installed the hardwood floors, tiles and bathtub surroundings, and painted the whole house all within a week5) Finished a room in a basement from scratch – framed it, sheetrock, door installation, walk-in closet, electrical, wall texture, painted, and hired the right people to finish the carpet and window seal installation - Total cost about $23006) Sold the house 22 months later for $285,000 and made a net profit of approximately $35,000.00 after escrow reimbursement, cashflow from rental income, interest on property tax return and amortization.Great experience and good return on my $13,000 initial investment.
27 March 2017 | 169 replies
I always hated keeping money in 401Ks as I know by the time I would need to use it, it will have probably evaporated through the market ponzi scheme.
9 March 2015 | 277 replies
If your American investment experience is based on flyover turn key schemes you do not have a good representation of US real estate investing.