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  1. JustAskBenWhy

    One Piece Of Advice

    MINDSET 
    I plan every fart...hahah This may be a Russian thing, or a Real Estate thing, seeing as we play with lots of zeros of other people's money. What do you think, @jon.a?
  2. JustAskBenWhy

    Happy Birthday Vigilante

    OFF-TOPIC 
    Yes! Yes! Yes!!!
  3. JustAskBenWhy

    Happy Birthday Vigilante

    OFF-TOPIC 
    Hahah In other words - I'm old, Vigilante is older, and we can just stick a fork in you cause you're done :) Oh my...
  4. JustAskBenWhy

    Happy Birthday Vigilante

    OFF-TOPIC 
    I'm the new guy, so I can ask - are you old? :)
  5. JustAskBenWhy

    Wall Street F*cked it up...again

    REAL ESTATE 
    250 basis point delta may be OK if it's true, which is the point. Most underwriting today is looser than a hooker. LTL - what LTL?! Bad debt - what bad debt?! 2.5% delta is just not enough to mitigate risk without a significant value add component. I was talking to a friend who heads CapEx...
  6. JustAskBenWhy

    The Most Important Formula in Business

    MINDSET 
    Great!
  7. JustAskBenWhy

    Wall Street F*cked it up...again

    REAL ESTATE 
    Sure - tech helps, and I make money there too. But, I started in RE. I pay very low taxes because of RE. And it didn't and still doesn't require tech. I just have always worked hard and smart, and refused to think of W2 income as any kind of way forward. No one said it's easy. But, you can't be...
  8. JustAskBenWhy

    Wall Street F*cked it up...again

    REAL ESTATE 
    I understand. All I am saying is that the numbers tell a story, and seems that we may be reading the story very differently!
  9. JustAskBenWhy

    Wall Street F*cked it up...again

    REAL ESTATE 
    Interesting - so in essence, what you are saying is that with US opening to trade to the world the white males haven't been able to keep up? You are saying that they are too stupid to invest 401k funds properly for themselves and have fallen in a ditch without pensions. Is that the union people...
  10. JustAskBenWhy

    Wall Street F*cked it up...again

    REAL ESTATE 
    OK - I'm the new guy here. When is the summit, and where. What's the deal with it? Any links to previous events?
  11. JustAskBenWhy

    Wall Street F*cked it up...again

    REAL ESTATE 
    You mean I need tenants :) Yep!
  12. JustAskBenWhy

    Wall Street F*cked it up...again

    REAL ESTATE 
    What do you mean "last recovery was all smoke and mirrors"? It worked exactly as it was intended - it re-capitalized the banks and reflate the financial markets! This never had anything to do with employees, the middle class, or any of that nonsense. Your post illustrates why employee status...
  13. JustAskBenWhy

    Wall Street F*cked it up...again

    REAL ESTATE 
    CNBC ran an article yesterday titled Nearly half of Americans have no savings: survey I freaking believe it! And they define "savings" as $1,000 in the bank. This is not even the sidewalk. I don't know what this is. These people are my tenants, MJ's tenants, Steve's tenants...next crash will be fun
  14. JustAskBenWhy

    Wall Street F*cked it up...again

    REAL ESTATE 
    Listen - all I can tell you is this: I underwrite apartments all day long. I cannot find a deal worth my time because someone else wants to pay more. As a child, one of the first lessons I learned is that masses are almost never right. When everybody zigs you've got to zag... Everyone is all...
  15. JustAskBenWhy

    Wall Street F*cked it up...again

    REAL ESTATE 
    When wall street starts unloading there will be a bust. The million dollar question - when??!
  16. JustAskBenWhy

    Wall Street F*cked it up...again

    REAL ESTATE 
    http://fortune.com/2015/09/25/housing-wall-street-investment/ Is it just me, or does everything they do turn to shit...? How long can they go on 3% returns before CapEx do you think...incredible! I remember some joker on LinkedIn posted on my article that institutional investors were buying at...
  17. JustAskBenWhy

    What's Your Burn Rate?

    MINDSET 
    Step 1: Wealth is not the same thing as freedom. Equity is fine and dandy, but unless it translates into cash flow - whatever... Step 2: Cash flow is fine and dandy, but unless it's stable - whatever...(this is where a lot of new real estate investors get in trouble) To me, financial freedom...
  18. JustAskBenWhy

    Funding lifestyle, Lamborghini, Tesla

    EXECUTION 
    My wife drove a honda Civic for 12 years. When the kids were born, I bought a used dodge minivan for $1,000, which we drove for 5.5 years until it fell apart. Every cent was re-invested into RE... IM income is great. I have some, and working to build more every day. But, for the purpose of...
  19. JustAskBenWhy

    Funding lifestyle, Lamborghini, Tesla

    EXECUTION 
    Haha. Well, I am not big on spending my cash for things that depreciate. I'd rather spend someone else's money for those things, and keep my money growing. Think of it this way - to buy dudads, I borrow from Pete, and then I have Paul pay the debt service on it. Now, if I don't think that the...
  20. JustAskBenWhy

    Funding lifestyle, Lamborghini, Tesla

    EXECUTION 
    Interesting...not sure if I agree with the common wisdom :)

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