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  1. MonTexan

    Rich Dad Seminar Exposed (FINALLY!)

    HOT! 
    Ha! Several months ago I attended an internet marketing pitch-fest in Houston. It was pushed hard to the local REI crowd, and I decided to attend to pick up some nuggets on IM. (I got in free) The Montelongo's were included on the card, I assume to draw in some real estate folks. After...
  2. MonTexan

    MJ is offering free mentoring!!!

    GOLD! EXECUTION 
    Great post and very timely. This is actually the first time I've signed in for about 10 days....been hammering away at my new venture. Just landed my first paying client yesterday. I think I'll get used to those "you've got money" emails from Paypal pretty damn quickly!
  3. MonTexan

    Seller financing?

    REAL ESTATE 
    That assinine legislation is still pending. If you haven't posted your comments yet, there is still time to do so....PLEASE DO IT! I can't imagine this actually being passed into law. It does nothing but hurt BOTH investors AND home buyers. If they think they are protecting homeowners against...
  4. MonTexan

    Seller financing?

    REAL ESTATE 
    Bilge, I’m confused when you say that both homes are owned free-and-clear and then you say that there is not enough equity for a fix-and-flip. I’m assuming you mean their ASKING price is too high and doesn’t leave room for a flip?? How long have the properties been listed? What is...
  5. MonTexan

    Hello everybody! :)

    Welcome! There are lots of smart folks around here...read all you can!
  6. MonTexan

    TX Series LLC for Asset Protection

    Disclaimer: This is not intended to be tax or legal advice. I attended a local REI meeting today and listened to a real estate attorney talk about the new "Series LLC's" available in Texas. They seem like a great strategy for asset protection without the usual hassle of creating multiple...
  7. MonTexan

    Car dealing fastlane potential?

    Gary? Gary Thiem? Is that you??
  8. MonTexan

    The good...the bad...the ugly

    I am in a bit of a holding pattern as well. Rents have been softening and I don't want to keeping loading up on properties and have them sit empty. I don't feel like I've missed much though as there's been a dearth REO listings in my area...seems like the banks are content to let people live...
  9. MonTexan

    Beer & Pancakes 2010 info

    HOT! 
    You told a great story man...I'm still chuckling about the fact that you rallied cross-country to B&P in a car filled with fireworks (you don't smoke I hope) and about your homemade A-bombs. SWEET!!
  10. MonTexan

    Beer & Pancakes 2010 info

    HOT! 
    Bio - I partied at the Firesky for 4 nights. Great to meet you all!!
  11. MonTexan

    Kill your search ranking with Google Local Listing

    Terence, I think keywords in the biz name can also be sticky spot. It works so well though! I have done it with very good results, but I'm careful not to get too carried away. Hope they take you out of timeout soon.
  12. MonTexan

    Anybody Collect Things?

    OFF-TOPIC 
    Perhaps you were the lucky eBayer who picked up this $13,105 NES system?? Wow.
  13. MonTexan

    HUD Eliminating Seller Financing as an option for RE Investors?

    REAL ESTATE 
    As my fellow RE investor friends here know, seller financing can be a great way to buy AND sell investment properties. There are some rules/legislation pending to require you to be a licensed mortgage broker in order to do an owner financed deal. I received the following from my local REI...
  14. MonTexan

    Fastlane Dictionary

    HMFIC : Head MoFo in Charge
  15. MonTexan

    House hunting

    REAL ESTATE 
    Terence, Paying cash for a property with price/rent numbers similar to Bilge's example above will most likely get you a 10-12% cash-on-cash return. Certainly not bad, but not nearly what you can get by using leverage (financing a portion of the purchase price). If you have lots of cash...
  16. MonTexan

    The Next Leg Of The Housing Crisis In Five Simple Charts

    REAL ESTATE 
    Don't forget about repair and maintenance, management fees (even if it's only YOUR time involved), utilities, advertising, vacancies.... Monthly Rent = PITI = Negative Cash Flow
  17. MonTexan

    PROGRESS THREAD: (MonTexan) New Venture – e Marketing

    MARKETING 
    Randall - thanks, luckily I caught the shingles early so they didn't kick my butt too bad. Fully recovered in a couple weeks! Brootal - I haven't focused much on affiliate marketing thus far but plan to do so eventually as another way to monetize this project. Tonight I added an opt-in...
  18. MonTexan

    PROGRESS THREAD: (MonTexan) New Venture – e Marketing

    MARKETING 
    Thanks Kasey! I'm am working on gathering some testimonials now. I have been doing as you suggest and capturing "before and after" screen shots of various google searches as well. It doesn't seem like many business owner even google themselves or their keywords to see if they show up, but I'm...
  19. MonTexan

    PROGRESS THREAD: (MonTexan) New Venture – e Marketing

    MARKETING 
    Time for an update....between traveling and working on this internet marketing venture, I've been a bit out-of-touch around here lately. I have been working with local small business owners to get them more customers by making them findable on the internet. I've worked with several friends...
  20. MonTexan

    Fastlane Fatty Forum

    OFF-TOPIC 
    That boot camp must be putting on lean muscle...that's a good thing!

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