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  1. NoMoneyDown

    Big Decision to Move into Renting Property

    REAL ESTATE 
    Good job, and as Bilgefish said, the 1st year landlording is something 100 books on the subject can't prepare you for. It's just something you have to experience. Like reading all about skydiving and then actually experiencing it. Without knowing the details of your situation, have you...
  2. NoMoneyDown

    Facebook movie thread

    EXECUTION 
    Of course the move will over-dramatize a lot of aspects, but it really doesn't show him "partying" much, if at all. But it did show him dozing-off a few times and pulling all-nighters, as well as coding just about every time he could. One of the things I liked about the movie was the absence...
  3. NoMoneyDown

    Facebook movie thread

    EXECUTION 
    The Social Network (I could have sworn someone started a thread here about this movie, but I couldn't find it.) I went to go see this movie yesterday afternoon, and WOW! was it a real eye opener. I HIGHLY recommend it for Fastlaners as it has a lot of parallels to what it takes to be a...
  4. NoMoneyDown

    I love RED BOX!

    HOT! 
    Yes. The three problems I have with RedBox are: 1. Having to drive and stand in line (usually) to rent/return a movie. 2. Availability of new releases. 3. Limited selection of movies. Internet streaming would definitely cure all three of those issues - as long as the price is right and the...
  5. NoMoneyDown

    Forum Update - Information Here

    HOT! 
    Looks really nice. Are the three characters that appear in the menu list (when you hover over a topic subject on the main page) part of the "work in progress"? :)
  6. NoMoneyDown

    Valedictorian Speaks Out Against Schooling in Graduation Speech

    MINDSET 
    Re: Valedictorian Speaks Out Against Schooling in Graduation Spee I recall reading once that the standard public K-12 school system is to, basically, do what she is saying: create a competent WORK force - not to create a population of entrepreneural geniuses or Nobel prize winning scientists...
  7. NoMoneyDown

    Come Run with me Dad

    MINDSET 
    Now I know what to show someone when they say "I can't."
  8. NoMoneyDown

    Where do you advertise your rentals?

    REAL ESTATE 
    While I don't necessarily think it's a "dumb" idea, I think the point of initial marketing is getting the person to notice the property in the first place. In order for them to tune into a radio station, they would have to physically drive by the place to know to do that. Getting them to the...
  9. NoMoneyDown

    College....i.s it worth it ?

    I have to agree with LagunaLauren says about what college can give you. Sure, the end result (hopefully) is a piece of paper that can open a lot of doors, and this isn't something to be taken lightly. However, even bigger as far as becoming an entrepreneur is how college opens your minds to...
  10. NoMoneyDown

    Easiest way to build a small website???

    WEB/DIGITAL 
    There's a good thread on here somewhere that talks about "landing pages" (which sounds a lot like what you are wanting to do). I believe Diane Kennedy gave some good advice in the thread.
  11. NoMoneyDown

    Breakthrough with Tony Robbins

    HOT! MINDSET 
    Interesting. Perhaps a model where the information is ingested a different way? For example, web-enabled car stereos that have auto-selected web sites to download content and play when traveling to work, while waiting to pick up junior from school, etc.
  12. NoMoneyDown

    Where do you advertise your rentals?

    REAL ESTATE 
    I've heard this from others, so it isn't uncommon. My rentals are in blue-collar type neighborhoods (i.e., not upscale, but not poor areas, either). For the most part, the people there are law abiding, hard working, etc. But it isn't them I'm too worried about. One of the things I tend to do...
  13. NoMoneyDown

    Where do you advertise your rentals?

    REAL ESTATE 
    One thing I've learned is to post as much information about the place as possible - including a LOT of pictures. Some people may cringe at this thought (i.e., people have told me that it invites someone to rob your place). However, it can very well be the deciding factor whether someone is...
  14. NoMoneyDown

    1967 Detroit Race Riots

    OFF-TOPIC 
    Actually, no. My stay in Detroit was very brief. My father got a job transfer to Del Rio, TX two weeks after I was born. :nonod:
  15. NoMoneyDown

    1967 Detroit Race Riots

    OFF-TOPIC 
    Small world. I was born in Detroit, MI three years after you.
  16. NoMoneyDown

    How do you charge for long term property rentals?

    REAL ESTATE 
    It's both a science and an art to really arrive at a good amount for a security deposit. Of course, the #1 thing to check is the laws for your area to make sure you aren't over-charging. And, as jmartin suggested, you want to get as much up front as you don't want to be left short-handed when...
  17. NoMoneyDown

    Jokes

    FUNNY 
    Mary is getting ready to go out for the evening. She puts on her fake eyelashes. She puts on her hair extensions. She puts on her lift-up bra over her silicon breast implants. She puts on her shape-sculpturing girdle. She puts on her makeup. And, as she is putting on her fake...
  18. NoMoneyDown

    20yrs Old: Time for Multi-Unit

    REAL ESTATE 
    $333 per month in expenses (excluding PITI) on a $85k duplex? Wow - that is conservative. :) Maybe set up a separate LLC to handle management? Are you sure about the 20% in maintenance? That's like a new HVAC unit every year. Seems awfully high. Don't forget to discount tax write-offs...
  19. NoMoneyDown

    Millionaire Status

    bateati - I think this is what MJ meant about liquid assets. I have close to $1M in assets, and my networth is about half that with the majority tied to real estate. However, my liquid assets pale in comparison. I even cut coupons each week before going to grocery store to save 10-15%, so I...
  20. NoMoneyDown

    How do I buy homes from Government in this market?

    REAL ESTATE 
    BTW, I believe all government foreclosures require you to go through a broker to purchase a property (at least HUD does). IOW, you can't just submit an offer through the listing agent on your own behalf. So it's best to find a local RE agent who has a lot of experience in dealing with these...

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