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  1. S

    Getting lost in travel... from your desk.

    OFF-TOPIC 
    I would love to see this kind of footage before renting houses on vrbo. Someone could probably build a nice little business offering exactly that. Shoot some destination video and combine it with property video and charge each owner $500.
  2. S

    Building apartments.

    REAL ESTATE 
    Being around the construction industry for a long time isn't exactly a great reason to build apartments. I'd think that experience is much more useful rehabbing a poorly maintained property as a turnaround play. Is your goal to own the cash flow or are you looking for big construction...
  3. S

    1 on 1 Phone Call With Jack Edwards UPDATE!!

    OFF-TOPIC 
    Just finished my call with Jack. He's definitely one of those rare people that see the world through very different lenses than most. After this call my eyes will certainly be open to new avenues and opportunities that I would have certainly overlooked. Thanks Jack.
  4. S

    I am 25. I am a millionaire. I am not fastlane.

    Why don't you sell and cash out the equity / reallocate it to different properties outside of California? You would easily be able to generate more than the $5k per month you're looking for to leave your job. Might be a mistake if the market continues to skyrocket there, but if the market...
  5. S

    New Home Construction Funding

    REAL ESTATE 
    Why are you financing your buyers? You're a builder, not a bank. There are plenty of construction loan providers out there right now from small community banks all the way to big banks. Too much unnecessary risk for almost no reward. Been there, done that, and would never do it again...
  6. S

    Repairs before closing?

    REAL ESTATE 
    Relationships and track record are the biggest reasons. Many of the volume guys have already seen houses and have offers teed up before the houses even hit the mls. If an agent has already done some volume with one buyer vs an unknown quantity you know which way that will go. In a perfect...
  7. S

    Lawyer Referral

    As others have stated just chalk it up to experience and move on. It will absolutely cost you much more than you're chasing to bring any sort of meaningful legal action. Time and energy spent dealing with litigation type of issues is draining, frustrating, a time waster, and absolutely not...
  8. S

    Where do I gather investors??

    REAL ESTATE 
    Just adding a second vote for Zen's raising money call. That's saved on the inside in one of the gold threads, i think. Using the roadmap he laid out had quicker and bigger results than I expected. If you have a strong track record and find some truly good deals you'll find money pretty easily.
  9. S

    STOP Paying Rent: Live For Free

    GOLD! REAL ESTATE 
    He covered this in his first post with assuming expenses at 50% of gross rents. Barring anything ridiculous that should be more than enough to handle larger repairs or capex.
  10. S

    Lending Club for a down payment?

    REAL ESTATE 
    100% correct.
  11. S

    Another athlete proves it doesn't matter...

    Not at all surprising. Most small time real estate investors I know develop habits of being frugal and by the time they become wealthy they have a hard time breaking those habits and would much rather own more doors rather than luxury cars. Almost every time I run a credit check on a potential...
  12. S

    Real Estate Investing books ?

    REAL ESTATE 
    This is comically alarmist. I've spent enough time reading there to know this is nowhere near the truth. The people who post there always push the importance of due diligence before buying anything whether it's a flip, rental, or other type of deal. It's actually fascinating how many people...
  13. S

    Real Estate Investing books ?

    REAL ESTATE 
    Seriously? There is a ton of great information and a wealth of expertise on biggerpockets. Do you steer people away from there because they actively discourage people from spending money on courses and books sold by self proclaimed gurus?
  14. S

    Anyone Flipped a Luxury Home?

    REAL ESTATE 
    Tons of good advice in this thread, but i'll play devils advocate briefly. As you'll hear constantly on this forum barriers are a good thing because most people aren't willing to go through the effort to get past them. If you feel there is significant profit in this deal to proceed then get to...
  15. S

    How to Find a Real Estate Investor for a $250Million Condo Project

    PEOPLE 
    It's a real estate software company
  16. S

    How to Find a Real Estate Investor for a $250Million Condo Project

    PEOPLE 
    Have you considered tying up the parcel and bringing it to a deep pocketed developer where you take an equity stake in the deal as well as gain some experience? That will be your quickest and most likely path to a nice payday. Until you've done something like this before there is almost no...
  17. S

    Real Estate: What's Your Style?

    REAL ESTATE 
    Might want to try using a public adjuster if you have future claims. I had a very similar situation last year and was pleased with the results. You have to pay the adjuster 10% of your total payout but I'm pretty sure that my claim amount was much higher with representation rather than dealing...
  18. S

    Million Dollar Piggy Bank.... The Habit of Saving

    MINDSET 
    Enjoy. Keep that income rolling into additional investments and the snowball effect will quickly take shape.
  19. S

    World Travel - Is it one of your BIG goals/dreams?

    OFF-TOPIC 
    Get a clear card ( www.clearme.com ) and a global entry ( www.globalentry.gov ) membership. It's a significant time saver. Security lines are usually less than two minutes and skipping customs lines is nearly priceless.
  20. S

    World Travel - Is it one of your BIG goals/dreams?

    OFF-TOPIC 
    Not even remotely interested in world travel. I've become a creature of habit and spend 3-4 weeks per year at the same destination which is my own version of paradise. Only takes one to two hours to fly there which is an huge plus. I don't get hopping on a plane for 18 hours unless for some...

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