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Recent content by 8 SNAKE

  1. 8

    My friend just got a new rifle...

    OFF-TOPIC 
    For AR fans, be sure to check out some of Les Baer's work. He turns out some VERY accurate rifles.
  2. 8

    10 things millionaires won't tell you article

    HOT! 
    Respectfully, I think that your mindset is backwards on this one. You want to own 100% of an investment or business that is generating income. You want to have fractional ownership of a doo-dad that's depreciating. Fractional ownership and leasing also allow you to put your capital to...
  3. 8

    Determining Locations for Apt Purchase

    REAL ESTATE 
    I came across this article today and thought that the information in it might be helpful to people scouting potential locations for apartment investing. I know that Steve-O is working in Houston, which happens to be the #1 city listed in this article...
  4. 8

    Poker: How you can get started, succeed, and many myths and facts

    HOT! 
    Re: Poker: How you can get started, succeed, and many myths and f I've played online for play money before, and it seems to me that the inevitable always happens. Someone shows up at the table and goes all-in on every single hand. When they bust, they just re-buy and continue to repeat the...
  5. 8

    Should I File Bankcuptcy ?

    HOT! 
    I'm no expert, but it seems that they used Clinton's famous "don't ask, don't tell" method of doing business. Lenders didn't ask how a buyer could afford the mortgage, and the borrower didn't tell the lender that he/she couldn't. Same deal here...I'm guessing. A lot of these homeowners saw...
  6. 8

    Should I File Bankcuptcy ?

    HOT! 
    I assume that you're talking about the $385k mortgage with a $40k/yr salary? That happened a lot. No document loans, baby! Back then I probably could have sold my house to my dog if I tried hard enough.
  7. 8

    Should I File Bankcuptcy ?

    HOT! 
    First, you need to learn the difference between your and you're before calling anyone else a loser. Otherwise, you'll just make a fool out of yourself. ;) Second, the OP came on here looking for help and advice just like you did. Your personal situations may be different, but your goals were...
  8. 8

    Remeber your purpose

    MINDSET 
    Great post, Banthaman. Speed ++
  9. 8

    Having trouble finding a broker!

    REAL ESTATE 
    Kung Fu Steve, Are you sending a financial statement or other type of proof of your ability to buy when you contact brokers? I am sure that they get a ton of tire-kickers, and have learned to sniff out the buyers from the dreamers (not to imply that you're the latter). Give them a reason to...
  10. 8

    JScott- Did you get married today?!

    OFF-TOPIC 
    Congratulations on your marriage, Jason! :banana:
  11. 8

    I live a crazy life

    OFF-TOPIC 
    Me too. Those Canadian raccoons must be something else!
  12. 8

    Internet vs Real Estate

    I find it interesting that so many people tout the internet's low barriers to entry as an advantage. While I agree that it is, I also see this as a huge disadvantage. It seems to me (as someone who's not in e-biz) that just about any moderately successful idea is immediately copied a thousand...
  13. 8

    Determining Locations for Apt Purchase

    REAL ESTATE 
    I'm not nearly as informed as Steve, but from I have learned you try to buy toward the end of a down-swing (though that's hard to time perfectly). You're counting on future employment to drive the demand for rental units up, thus increasing your revenue and value. You ride the wave for a...
  14. 8

    Determining Locations for Apt Purchase

    REAL ESTATE 
    What about the mix of people in a given area? In my opinion, I'd want populations with a lot of younger (20's) and older (retired) people because these two groups serve as your largest pool of renters. I'd also look for a high number of single people, because they're more likely to rent than...
  15. 8

    Business idea for you guys.

    IDEA 
    Perhaps, but I still believe that cost will play a bigger role with most of the target demographic. Success would definitely depend on finding the right location to carve your niche.
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