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    Real estate is the way to build wealth--Isn't it?

    To me real estate is a drug,I love it. I get up every morning and can,t wait to start. It has been 13 years now and I still feel the same way. I love the chase much better then I do the catch. You must have some interest in what you want to do.
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    How did you all get your start?

    REAL ESTATE 
    Thanks for the speed Runum and Halli. It feels good to be moving a little faster nowdays.
  3. D

    How did you all get your start?

    REAL ESTATE 
    Yep,we are picking up some great deals on REO,s. Some at 20-30 cents on the dollar of what they sold for in 2006. How low can they go? One came on the market monday for 17k in a good working class area. Same house sold for 115k in 2006 and needs about 10k in repairs to shine or 5k to rent. We...
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    How did you all get your start?

    REAL ESTATE 
    When I started I was so poor that I would go to the book store everyday and read a chapter or two on real estate. My fico score was in the low 400 area from being a dumb twenty something year old. I did not pay my bills and did not care what my credit was, I remember hiding my truck because I...
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    Phrases/sayings you like

    " Wall street is the place people drive to in their Rolls-Royce to take advice from people who ride the subway" Warren Buffett. "The world is full of kings and queens that blind your eyes and steal you dreams,its heaven and hell" Black sabbath. "Where is the beef" (I think it was burger...
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    Be Your Own Boss - Take That Job and Shove It

    MARKETPLACE 
    I don,t think I would like managing a large amount of someones elses properties. I tried the partner route one time and it did not work out to good. Plus managing a large amount of mobiles would be more then a fulltime job. I like your third idea the best and is the one I use now.The cashflow I...
  7. D

    Be Your Own Boss - Take That Job and Shove It

    MARKETPLACE 
    I tried that, but most of the investors around here want a heavy discount .I had one were the buyer put down 10k and his payments are $335 a month for 84 months. The investors wanted to give me 3k for 30 months of the note. No way, I paid 12k for the mobile on land, so I will just ride it out.
  8. D

    Be Your Own Boss - Take That Job and Shove It

    MARKETPLACE 
    The last one is the one I do now, but sometimes I want to keep everything I get. I do buy a few and then sell one that pays for the first one. Lately I have been buying alot more then I,m selling and getting low on funds. I have commited the ultimate investor sin and fallen in love with my...
  9. D

    Be Your Own Boss - Take That Job and Shove It

    MARKETPLACE 
    The mobile home market is great here in fl, I buy the old and the new on land.There is almost zero competition here. Most investors think they are to good for mobiles and are missing the boat. I enjoy nice cashflow from these metal boxes.I.m buying all I can find until I,m broke.
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    The $1,055 Premium ... FAIL

    HOT! 
    I had this problem years ago when I would show up in my sports car and try to deal with tenants or get a good deal from a seller on a house. I went out and got a old pickup and my problem was solved. In your case that won't work unless you go buy a old beat up house and drag the junk over there...
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    How did they get here?

    I know,I have a hard time letting this go. As soon as anybody says they want a better life,I get on my soap box and talk until I'm wore out. I waste all this energy and say never again, but I always think this time they will see the light.
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    Landlords: Got messy tenants?

    REAL ESTATE 
    There was more then just trash. A old piano and tons of broken down furniture,even a old pot-belly stove.
  13. D

    Landlords: Got messy tenants?

    REAL ESTATE 
    I bought one from a tired landlord who went and looked at his rental he just got back and called me right away looking to sell. He was a out of state landlord. The tenants had trash filled to the ceiling with a 3 ft pathway in the house. When we had it cleaned out, the cleanig crews kept quiting...
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    How did they get here?

    The place was a ghost town compared to a few years ago. People are not going out to eat as much as before. They both said that they have tried many times to get another job with no luck. I do agree they are lazy or giving into being a victim. I have tried for years to get people to see the ah-ha...
  15. D

    How did they get here?

    I was eating at denny,s the other day and talking to the waitress and cook. They said there hours were cut because of the economy. They now work 3 days a week and bring home $200 and $250 a week. The cook says he is still paying off his cook school loan of 40k. They both said they can't find...
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    ditch the bad debt VS. snap up deals

    I think it all comes down to your age and what you want out of life. I was told for years how great leverage is and I bought into it with a bunch of houses with small cashfow. It was a fulltime job and I hated it and was making about $100 a month each cashflow on 25 houses. I was broke.I know...
  17. D

    Mobile Home vs Refinancing

    REAL ESTATE 
    Developing a park is not easy and very costly. Why make it harder then what it is? Go find a park and buy the old mobiles for 2k and sell for 10k with financing or buy some on land and rent then out. Either way you still need to deal with tenants. If you finance them you will get half of them...
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    Slowlane Gravity ...

    MINDSET SLOWLANE 
    Worried you may end up broke if you take a chance and have to start over.
  19. D

    How many properties have you sold/bought this year?

    REAL ESTATE 
    Easy, buy real low and then sell below market.That is all there is to it. The hardest part is finding the deal. If you can find a good deal then you will have people breaking down your door to buy it.
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    Show us your mug! Lets see that face!

    HOT! 
    I'm flexing, this is all I got to work with.

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