What's new

Search results

  1. NoMoneyDown

    The Cost of Waiting

    While not on a scale of an apartment complex, I did have an SFR slip through my fingers. It was a HUD foreclosure that by all accounts was habitable when bought, but needed about $5k worth of work to make it "nice". It started out at with an "as is" price of $45k. Much too high for me. I...
  2. NoMoneyDown

    Suggestions Thread

    HOT! 
    Not sure if my advice was taken or you had thought of this before, MJ, but I think it was a definite step in the right direction to let others help moderate the forums. :eusa_clap:
  3. NoMoneyDown

    So its finally done! Biz Sold!

    WEB/DIGITAL 
    Congratulations, MJ!!! This thread should go into the "classics" category (if one exists).
  4. NoMoneyDown

    Question: First Steps

    REAL ESTATE 
    andviv is correct - nothing is as important in this business more than YOU. Joining your local REI club is paramount to the things you need to do. Network with those who do this actively. You'll find when you go to the meetings that probably 60% (or more) of the people are newbies like you...
  5. NoMoneyDown

    Building Business Credit-Opportunities

    WEB/DIGITAL 
    I've heard of companies who create "shell" businesses solely for the purpose of selling them years later for a profit. The concept is that since the business has "aged" it is easier to get credit lines and people don't have to wait years for the business to mature to get them. Anyone heard of...
  6. NoMoneyDown

    approaching homes facing foreclosure that are listed with an open

    REAL ESTATE 
    Re: approaching homes facing foreclosure that are listed with an tbsells - I agree. Although, many RE agents just don't "get" investors, and, unfortunately, never will. They are too used to the traditional buy/sell homeowner and the process involved, and stay away from investors, creative...
  7. NoMoneyDown

    Online Intellectual Property: Protecting your online asset

    I made a professional web site for my father-in-law's tile setting business about 8 years ago, including a "legal" page and a copyright phrase on each page. Several years after that a customer told my father-in-law that someone else had an exact duplicate web site, except for the name/number of...
  8. NoMoneyDown

    approaching homes facing foreclosure that are listed with an open

    REAL ESTATE 
    Re: approaching homes facing foreclosure that are listed with an Two words: HONESTY and EMPATHY. Be honest with them (which doesn't mean you HAVE to divulge everything) and empathize with their situation. The more they sense you are honest and care about THEIR needs the easier it will be...
  9. NoMoneyDown

    How to make millions selling rocks.

    Wasn't there someone along these same lines that was selling "invisible fish", which was nothing more than a plastic bag filled halfway with water? Not sure how well that went over, tho.
  10. NoMoneyDown

    Cashflow and Appreciation

    REAL ESTATE 
    Thanks everyone. My thinking was to go forward, too, but just wanted some feedback. I'll post my spreadsheet with numbers when I can.
  11. NoMoneyDown

    Acquire SFR without Financing

    REAL ESTATE 
    From what I've heard - and this was before the current subprime fallout - lenders would VERY rarely invoke the DOS clause when ownership changed without the loan being paid off. Now with the subprime fallout, I would imagine they would be even MORE reluctant to let a property slip into...
  12. NoMoneyDown

    Cashflow and Appreciation

    REAL ESTATE 
    The ultimate victory for a real estate investor is to acquire a property that both cashflows AND is in an area where appreciation should occur (whether it be quickly or steadily over time). However, for those that invest in real estate, would you still buy a property that cashflowed...
  13. NoMoneyDown

    Acquire SFR without Financing

    REAL ESTATE 
    There was a guy on REIClub.com that used to consistantly push a similar thing called a NARS PACTrust (by Bill Gatten, see more info here). I never got the full details, but he was always being called out by other investors on the board. After a while, the moderators finally banned him - not...
  14. NoMoneyDown

    What book are you reading? Right now. Post up!

    NOTABLE! HOT! BOOKS CHAT 
    I am guilty of not having a lot of time set aside for reading, but I do have the following books nearby that I read when I can: The Landlord's Troubleshooter - A friend let me borrow this. Not bad, but seems to contain about the same information that most other Landlord type of books have...
  15. NoMoneyDown

    New business idea - how do I proceed?

    IDEA 
    yveskleinsky & Peter2 - Much appreciated! I kind of doubt for my venture a patent is necessary on the onset, but looking over some documents at the Score web site, it appears one can protect their intellectual property by submitting preliminary paperwork first before getting a full-blown...
  16. NoMoneyDown

    financing a foreclosure

    REAL ESTATE 
    Also, lenders tend to treat commercial properties slightly different than with residential. With residential, they are more interested in YOUR credit, income, etc. With commercial properties, they are more keen on the property and CASHFLOW produced by it (although, your credit, income, etc...
  17. NoMoneyDown

    New business idea - how do I proceed?

    IDEA 
    I'm in the same boat. I have a clothing apparral idea, but not sure what the next step is. I've done some patent searches at uspto.gov, and haven't found any matches, but just don't know what to do next. * Do I file a patent now to cover myself before proceeding? I have a patent thru my...
  18. NoMoneyDown

    Service Disruption

    Cool. I'll be watching college football at that time. (I know, I should be doing things that will lead me toward financial freedom, but it's my one addiction in life.)
  19. NoMoneyDown

    New to the Community just say hi

    Hey Martin. Welcome to the board. So THAT'S your business venture, eh? Let's meet for lunch after next week so you can fill me in, and I can give you some ideas that have been churning in my head.
  20. NoMoneyDown

    Real Estate Down Turn - Have You Been Hit?

    Yes, to a degree. But one can still make lemonade from the lemons even in this downturn. Inventory is high and demand is low, which any intro economic text book will tell you means prices will fall. Ample time to buy for those with (access to) cash. And, perhaps moreso, an ample opportunity...

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Fastlane Resources

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom