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  1. M

    Steps to Successfully Buying Your First Investment Property

    REAL ESTATE 
    Good points snowbank and biophase! Based on the figures shown, I would stay away from purchasing these properties. You may not make millions with cash flow, but it will allow to be in the game until you want to leave. By being able to sell on your terms, who are not motivated and can attain...
  2. M

    First residential REI post

    REAL ESTATE 
    Hey Biophase, I first want to say nice blog! ++speed I know you just mentioned how busy you are in the up coming weeks and also how you have a little writers block. Therefore I thought this maybe the perfect opportunity to ask a number of questions regarding real estate. I can't find the...
  3. M

    Dry Cleaning Business For Sale

    HOT! 
    Yes. Why not hold cash flow properties forever? My guess is that you have better opportunites else where.. You don't have a mortgage on some of them? wow. Selling may cost 5k (some money, but 5k is just a total guess depending on many factors) for a real estate agent, closing etc.. Does...
  4. M

    Dry Cleaning Business For Sale

    HOT! 
    Thanks for the excite feedback. (I feel like I am getting on a tangent to the original post) ++speed phlgirl and andviv phlgirl, you were looking at holding properties 5-7 years? By reading your numerous posts, I know that you are taking into account transaction costs, but why pay them at...
  5. M

    Dry Cleaning Business For Sale

    HOT! 
    I keep looking at other areas for cash flow, but keep reading the 'fast lane people' say stick to one thing and do it very well. I haven't heard anyone chime in and say stay focused and won't be the first. I feel that money is money. I guess the question that I ask myself is when are you...
  6. M

    Managing Your SFH Investment Property

    REAL ESTATE 
    I guess that I could still write up. What about a box that simply states are you over the age of 18? I also have a plumbing issue that is a similar situation. I tell tenets not to do something and they do it anyway essentially cause they don't care. Great idea about video taping. I am...
  7. M

    Managing Your SFH Investment Property

    REAL ESTATE 
    I would be careful when inquiring about age since it could be grounds for discrimination. I had a tenet damage a kitchen counter (burned it) and they told me they did it (after I confronted them). I did not however get it in writing (I did take a picture). Would you follow this case up with...
  8. M

    Aha moments from Beer and Pancakes Meetup

    OFF-TOPIC 
    Hey Jill, I read in this post that you gave (assuming you) a talk about how everyone should be making 6 figures. Could you give an outline (or more if you have time)? Thanks. Mr. Pink
  9. M

    Fast Lane Plan: Internet Business

    HOT! 
    I was thinking along the lines of a time limit. The development still has a way to go, but would like feedback on the initial version so users that are willing to try it out - could then use it for free for awhile (60 days). Mr. Pink
  10. M

    Steps to Successfully Buying Your First Investment Property

    REAL ESTATE 
    Hey Runum, Thanks for the insightful summary +rep. You have posted that you own 7 properties. Could you describe what you learned in the process of buying the properties (something from 1 to 2 to 3 etc...) or did you have a plan totally in place before you started? Thanks again! Mr. Pink
  11. M

    Fast Lane Plan: Internet Business

    HOT! 
    I have summerized all the different program inputs so that the user only has to enter their information once (instead of multiple times). Next step is going to have a version of the new interface, but without any sort of function to ensure the lay out is good. Mr. Pink
  12. M

    Aha moments from Beer and Pancakes Meetup

    OFF-TOPIC 
    I just want to thank everyone for updating on all those who could not attend! yveskleinsky +rep for getting things started! Mr. Pink
  13. M

    Am I crazy?

    I feel like people buy ideas all the time. For example, buying a book for the ideas inside of it... I think many people attend college to buy ideas - paying for what is taught... Mr. Pink
  14. M

    Cash flow: expand or pay down debt

    REAL ESTATE 
    I was curious what the opinion on here of what to do with cash flow. I think most on here would be for expanding, but I currently have not found any good properties and was considering paying down the mortgage. Thoughts? Thanks, Mr. Pink
  15. M

    What would you do with the Equity?

    REAL ESTATE 
    Great post Peerless +Rep I find it interesting how 70k 'isn't a lot of money' really makes me take note that your money is not very mobile in real estate Mr. Pink
  16. M

    Hello from Ohio

    Glad to hear that their are some people on this forum that know what winter is!
  17. M

    Any financial planners here ?

    The S&P loses 24 percent in a single day and he calls what you are doing risky, interesting.
  18. M

    Rent and Utilities cost?

    REAL ESTATE 
    My concern is not only with frozen pipes, but the risk of mold if the home is not heated. On a related note, are people including any type of yard service to their tenants or just making them responsible? My worry is that if the tenants are responsible they won't water the grass. Mr. Pink
  19. M

    how to stay fastlane in your thinking?

    Rumum "My money managers were still getting their paychecks from my fees but I was still losing value." Ditch the money managers and just do it yourself. Of course, if you have ideas that will make you a better return and you need the 4k to do them then that makes sense. Mr. Pink PS. I...
  20. M

    Hi all

    Great to have someone with your range of talents join the forum! I will be looking forward to your insights. Mr. Pink

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