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  1. imirza

    Beer and Pancake Informal Meetings/Lunches/Etc.

    OFF-TOPIC 
    They recently opened a Grand Lux at the Scottsdale Fashion Square. A slightly more upscale version of the Cheesecake Factory. Kona Grill, Z Tejas and The YardHouse are also located at the Fashion Square. Olive and Ivy (http://www.foxrestaurantconcepts.com/olive.html ) is along the...
  2. imirza

    Finding Partners/Syndicates for Apts?

    REAL ESTATE 
    RE: Finding Partners Find out about developers/REITs/investment groups in your area that put on presentations to raise funds for their projects. Accredited investors with money attend these presentations. If you can get invited to these presentations you will run into other investors who are...
  3. imirza

    100% Return, $1mm > $3mm: 2 years

    REAL ESTATE 
    Information on REOs is available on most bank websites. I have made contacts within quite a few banks. Some of the local banks allow me to come in and check their list of REOs and see if there is anything I like. With prices continuing to drop in Phoenix I am taking my time. As far as...
  4. imirza

    100% Return, $1mm > $3mm: 2 years

    REAL ESTATE 
    I had suggested buying bank owned REO at pennies on the Dollar back in September. http://www.thefastlanetomillions.com/showthread.php?p=8164#post8164 So if anyone is suggesting that I am jumping on someones bandwagon, let it be known that I have had this idea for quite a while and have...
  5. imirza

    YouWalkAway.com

    The funny thing is banks are more willing to 'work' with you when you have no equity in your home as opposed to one having equity in their home. Banks are reluctant to foreclose on homeowners who are upside down and prefer to even renegotiate their mortgage terms. On the other hand if you have...
  6. imirza

    Letter from Hedge Fund up 1000% in 2007 to investors

    INVESTING 
    His returns are published in the letter itself. 869% for his main fund. These guys get audited so I doubt he'd publish bogus returns to his investors. Hedge funds all have third parties that audit them and their Prime Broker keeps records too.
  7. imirza

    100% Return, $1mm > $3mm: 2 years

    REAL ESTATE 
    Wow. This is kind of funny because I am currently doing what MJ suggested right here in Phoenix (without any partners though). And you can get 100% financing and cash on top of that . So you do not need any of your own money though it would help to have a line of credit or other money as Proof...
  8. imirza

    How To $save$ A Million

    I'd rather read an article on how to 'Borrow a Million Dollars ( with no collateral)' . To me Fastlane is all about borrowing tons of money at low rates and investing at higher returns . If you can borrow $100 million imagine how rich you become. Borrow at 10% invest at 20%.
  9. imirza

    Apartment Presentation

    REAL ESTATE 
    Steve and his partner both made great speeches. It was very informative. I did not know a great deal about apartment investing prior to this but, I can say I bumped up my IQ points quite a bit. The slides on due diligence and how to find a good location to invest in were particularly good...
  10. imirza

    SUCCESS STORY : Worlds Richest man Carlos Slim

    EXECUTION 
    http://money.cnn.com/2007/08/03/news/international/carlosslim.fortune/index.htm
  11. imirza

    America's Hardest-Hit Foreclosure Spots

    REAL ESTATE 
    http://www.forbes.com/home/lifestyle/2008/01/27/homes-underwater-foreclosure-forbeslife-cx_mw_0128realestate.html 1. Wayne County ( Detroit) 2. Clark County ( Las Vegas) 3. Maricopa County ( Phoenix) 4. Riverside County ( Next to LA) 5. Los Angeles County
  12. imirza

    Find a Bank REO!

    REAL ESTATE 
    You'll be dealing with a real estate agent. You make an offer and they will take it to the bank. The banks can counteroffer. You can try to contact the banks directly and reach their REO department. Keep in mind that most banks don't have REO departments. REO is a 'dirty' word. They prefer...
  13. imirza

    Letter from Hedge Fund up 1000% in 2007 to investors

    INVESTING 
    This Southern California based hedge fund was up around 1000% in 2007 betting against real estate and subprime. Here is a letter from the manager to investors. A good read. http://billcara.com/assets/Dec%2007.pdf
  14. imirza

    How Does One Start A Hedge-Fund?

    WheelsRCool start your fund today. Set up an LLC and start scouting out opportunities. If this is what you really want to do then start it now. The quicker you start building a track record the better even if you don't currently have money.
  15. imirza

    $3,000 to $1,000,000 in 15 months: HOW TO DO IT

    IDEA 
    This is something completely crazy but will probably work. SELL YOURSELF. Literally. Start a website and sell shares of yourself. Describe yourself. Convey that your are a motivated driven person who does whatever it takes to succeed and make people buy a stake in you. Sell shares of yourself at...
  16. imirza

    Chinese stock market

    HOT! INVESTING 
    Use FXP if you are bearish on China. FXP is the 2x inverse of FXI. The biggest holdings in FXI are CHL 11.43% PTR 8% LFC 7.92% SNP 4.28% So essentially you are betting that these stocks get their heads blown of with a decline in the Chinese markets. Not a bad bet...
  17. imirza

    How Does One Start A Hedge-Fund?

    A lot of hedge funds were started up using the managers capital and friends and family capital. Pershing Square is a good example and so is SAC Capital. Both started of with $5 million or less and are now multi billion dollar funds. If you can't get family and friends to give you money to manage...
  18. imirza

    He Made Over $3 Billion In 2007

    INVESTING 
    Made over $3 billion in one year. http://online.wsj.com/public/article/SB120036645057290423.html This guy tried the same strategy and banked coin - about $500 million worth. http://online.wsj.com/article/SB120036270913390155.html?mod=loomia&loomia_si=t0:a16:g2:r1:c0.430582 While...
  19. imirza

    Please Read: Updates/Q's for Beer & Pancake GT

    OFF-TOPIC 
    Russ- I will be attending . I am local based here in PHX so I won't be needing accomodations.
  20. imirza

    A social lending site

    Similar to www.prosper.com . There are others as well. Problem is there is no guarantee you will ever get your money back. These loans are unsecured. With the worsening economy there has been an increase in defaults. I have over 50 loans with prosper and 10 are either late or in default. I...

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