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  1. G

    Has anyone completed a principle reduction on your home?

    REAL ESTATE 
    If I were to approach them, they will FREAK out. I got this $6 Million line of credit from a real small two branch bank and if I default it will devastate them. Still waiting for them to piss me off somehow. JK. They are good people and due to me, they now set a cap of prime plus one with a...
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    How to find the best realtor when selling?

    REAL ESTATE 
    Get a hungry, money motivated realtor who will take your calls at all times of the day, evening, weekends and always returns your calls. Test them out and one screw up or excuse, get rid of him/her. Realtors get burned out and are like pitbulls. Get an aggressive one who will not take no for...
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    How to Save Yourself in this Recession

    HOT! 
    Its a joke. Honestly, listening to the news is one thing, but I am making contacts with all of my lenders to see what is out there and see what their opinions are to somewhat form a game plan for myself. It seems to me every banker I know does not know which direction their banks are headed...
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    Frustration with Young People

    It is like with everything else. It is a numbers game. You need to increase the pool of candidates for you to get that special one. Keep on chugging away.
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    Looking for Advice/Input on Business Idea

    HOT! IDEA 
    Excellent idea but I am worried about the liability. Most lenders will consider you in default if they know you are leasing the car they have financed unless you can floor plan your business idea which then you will be paying a hefty premium. I own alot of exotic cars and the maintenance on...
  6. G

    How to Save Yourself in this Recession

    HOT! 
    What am I doing about it? Just wait and watch to see what happens and see what other`s have to say to see if there are any leads.
  7. G

    Has anyone completed a principle reduction on your home?

    REAL ESTATE 
    Do you think my bank will work out a $6 Million HELOC which I have it at prime plus one?
  8. G

    Has anyone completed a principle reduction on your home?

    REAL ESTATE 
    That is not too difficult to do. Stop paying and get behind for 50 days, I guess. This system really sucks, doesn`t it? It does not make sense to me. Shouldn`t you call and tell the banks a potential problem before it becomes a problem? They want you to ruin your credit so you are stuck...
  9. G

    Has anyone completed a principle reduction on your home?

    REAL ESTATE 
    I don`t think it is that easy. A lot of stipulations on both programs from what I have heard. FHA loans have a maximum loan limit of $271K and both programs want you to buy private mortgage insurance up front for some five or more years. I am really talking out of my a$$ and my statements are...
  10. G

    Has anyone completed a principle reduction on your home?

    REAL ESTATE 
    I know of a guy that just started a business and all he does is do workouts with lenders. He is not an attorney and he seems like he knows what he is doing. I met with him yesterday and it was amazing hearing what he has accomplished. He negotiates the rate down from 9% to 5% or lower and has...
  11. G

    How to Save Yourself in this Recession

    HOT! 
    I keep on repeating myself, but the single most important factor for our economy to have the slightest chance to get out of this depression back to a severe recession is to loosen the credit markets. Look at the average price of a new car. $30K? $20K? I have talked to many dealers and they...
  12. G

    I'm Not Liking My (Ex) Tenant Right Now

    REAL ESTATE 
    I have dozens of those pigs I file for evictions every month.
  13. G

    Im in a unique position right now! How do I....?

    I would stick with the industry you are familiar with and not tangent off to something you need to learn from scratch. Why not go to the next level in commercial real estate and own instead of managing other`s investments. Start up an investment and be an equity partner/manager. You are lucky...
  14. G

    Ways to improve the value of commercial property?

    REAL ESTATE 
    It takes money to make money. Built in microwaves, dishwashers, jacuzzi tub, ventless fireplaces, hardwood floors, can all be options where you can easily increase $50 to $100 per unit. To attract higher end tenants, I would plant shrubs, plant trees, install shutters, new roof, new windows...
  15. G

    Waiving my thing at you from Florida

    And super cheap....
  16. G

    Unbelievable deals everywhere.

    REAL ESTATE 
    Where do you find $15K to $30K homes? What are the replacement costs? Rents?
  17. G

    How to Save Yourself in this Recession

    HOT! 
    Our economy depends on the credit markets being functional. With the credit markets seized, this economy is not just at a stand still, but is causing major damage on a daily basis. Businesses are going under or heavily into debt, people are losing jobs, growth is totally out of the question...
  18. G

    You Folks Will Love This!

    As an employer of hundreds, I do not need a union to be speaking for my employees. I know each and every employee and how hard they work and reward them accordingly. I respect employees who give it their 110% and will get rid of the lazy a$$ in a heat beat whether they are represented by a...
  19. G

    How would you make this business a success?

    Find out the reason why the first restaurant went out of business. Food? Cleanliness? Wait being too long? Too pricey? I would take a survey and see what the demand for the location will be. Maybe they missed the breakfast crowd or closed on the weekends.
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    Advice for buying a business with a friend.

    I will only partner up with a friend if it is a buy it, fix it, and flip it. Long term partnerships never worked out for me. Its great in the beginning but conflicts will eventually happen. Have everything in writing, and assume there will be an exit. What will be the exit strategy? Who...

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