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Results (10,000+)
Rich Weese Is it still possible to get really RICH
9 April 2012 | 65 replies
They say maybe 1 to 2 years.I say give it a few more years and you will hit burn out if you don't scale back.A few years later they have left the business all together,scaled back and pace themselves,or are still teetering on burnout and are divorced,etc. with their life in shambles.My Uncle invented the Goof-Off cleaner.Became wealthy and then went through a really nasty divorce and money and power got to him for about 10 years after that.As he got older he finally changed and realized money wasn't everything just the experiences and memories in life that you cherish.Don't be a slave to money.Use it as a vehicle to reach your dreams in life but don't worship it because the true things you value will be gone if you do.
George P. if you had some spare $ and wanted to invest outside of RE, what would you do?
21 October 2011 | 39 replies
Their stock is already powerful, but browsers like Chrome, the introduction of Chrome OS and the continued adoption of Google services for enterprise-level applications all lend to their success.
Andrea F. Portfolio lenders - for owner occupants only? (Georgia)
1 January 2014 | 6 replies
I was referred to a local who could help Georgia investors - basically I was asking for ways to leverage 4 rental houses (paid in cash) to further my purchasing power (cash out refi, portfolio loan, etc).Needless to say, he didn't have much to offer, but wondering if any others have found ways around this.Here is what he had to say:"Unfortunately, due to recent government structuring of income guidelines for Loan Originators/Mortgage Companies/Banks I am unable to offer any help or solutions.
George P. Gold and Silver - next bubble(s)?
18 March 2021 | 45 replies
As our currency falls and erodes the purchasing power of a dollar, gold continues to rise.
Shanequa J. Pre-foreclosure: Taking over payments?
9 October 2011 | 16 replies
The "due on sale clause" is basically "a protection" for lenders.Back in, I think, in the '80s, mortgage interest rates "sky-rocketed" and what was happening, smart people were selling existing mortgages with lower rates.So for example a 30 year mortgage @ 5% relates to a $1,342.05 monthly payment.So if interest rates jumped-up to, let's say 12% in the 1980s, a new $250,000 30 year mortgage @12% would have a monthly payment of $2,571.53.Taking this fictitious example one can see just how powerful it would be in the '80s to sell a house right along with an existing 5% mortgage on it,vs.Selling the same house without an existing mortgage.
Geoff V. Looking at renting out house and have a lot of questions
24 June 2011 | 8 replies
Make sure toilets are flushing powerfully.
Kyle Meyers Letters from Indianapolis Water
15 July 2011 | 8 replies
in nc, the government can't force the property owner to pay a tenant's bills (thank goodness)...however, my lease says that if utilities are cut due to nonpayment by them, they're evicted..i don't want tenants living in my properties without running water or power..i'd be giving them notice...and i hope i'm wrong, but i wouldnt' be surprised tmrw if you come back on here and say they haven't paid yet...i get that line from tenants all the time..but hopefully, tmrw is payday for them (friday), and they willtake care of it
Chuck K Getting started in real estate investing-Need advice
26 June 2011 | 7 replies
Again, stay involved in every aspect and learn learn learn.One of the most powerful lessons in any business is, know what you are great at, and hire great people to do the rest.
Joel Owens Water damage to unit...What would you do??
7 July 2011 | 5 replies
So my mom rents a 1 bedroom of a 6 unit building.She is on the ground floor.My mom is older so the size is manageable for her.3 days ago she calls me.Apparently the ceiling in the den in back is leaking.I go over to take a look.The leak is right in the center of the room above a ceiling fan.I immediately turn off the power for the breaker switch to the back.My mom calls the landlord and apparently the tenant upstairs washer implodes or leaks etc. and water is all over their floor.The landlord says he has stopped the leak but that it's 1 a.m. in the morning and he can't run the shop vac until the next day because of the other tenants.So over the last 3 days the landlord hasn't even came by my mom's apartment.I took digital pictures of the damage and we tarped the floor and furniture and have 2 buckets to catch the water.Even though the leak has stopped (according to him) it is still dripping slowly into the buckets.Half the ceiling I would say in the back about 3 4 by 8 sheets are sagging and some parts have fallen down and the insulation is exposed.I told my mom that the ceiling fan will have to come down,the electrical wiring inspected,the ceiling areas with damaged pulled down,and the insulation taken out.The area will have to dry and then put back insulation,drywall,new ceiling fan and finish.I am watching this guy like a hawk to make sure he doesn't rig it.This has happened in some of his other buildings with a pipe leak and he let it "dry" out and rigged it.The other tenants complained of being sick and having mold in the unit and moved out.This guy has another business and self manages about 20 units.I am concerned for my mothers safety.The last thing older people need is mold and mildew issues for their lungs.He will repair in the correct way.If he does not I will have no choice but to take to court as my mom's health is paramount.I ma hoping he will do the right thing as he has in the past.I can't get over the fact it's been 3 days since the incident and he still has not fixed it or checked the electrical.If this was my building I would handle it immediately.Just wanting to get others take on this and what you would do.The buildings are 20 years old but in a nice,safe area and my mom likes her neighbors.
Kyle Meyers Pay Rent or Quit. What does Quit mean?
4 July 2011 | 6 replies
It is truly up to the court in its equitable powers to determine what they will award you in damages.