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  1. G

    Cannot understand why local, county, state, are broke?

    I know a lot of people with your type of attitude. Fortunately, I never had any bad experience with any of them but I do know egotistical morons are on the force. Bottom line here is that we need law enforcement. Who will police our neighborhoods? Protect our property and loved ones? It is...
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    Cannot understand why local, county, state, are broke?

    Russ, You are taking my comments the wrong way. I have dozens of great friends who are police officers and ranking officers from the Chief on down to sergeants. I do have a great deal of respect for working police officers. I do not respect cops who think they are above the law and think...
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    Cannot understand why local, county, state, are broke?

    Steve, I would love to do something about it but cannot do it alone. What I would do is to get a group of volunteers together and do form a new website and a citizens tax watchdog group. The group would consist of successful business people and other citizens. I would target a city...
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    Did You Lose 13% Of Your Net Worth in the Last 10 Days?

    I have a great friend, Piero Navarro, who owns an independent exotic car dealership in West Palm Beach, Florida. His website is www.modexotics.com . I currently shipped ten cars there for the winter for him to do full service on them. He is the only person I trust to work on all of my 20 plus...
  5. G

    I Think I Bought an Alligator

    REAL ESTATE 
    In my opnion, anything under 6 units is like investing in a home. There are also alot of creative ways for you to sell the house. You can lease it with an option, sell it via articles of agreement, or owner finance it at a higher rate with a modest down payment. Good luck to you.
  6. G

    Apartment Ideas

    IDEA 
    I have not had a partner or partners in years so I am new to this Having partners stresses me out since I have others who trust me. I really had a bad year in 2008, if not, the worst year in the real estate business. Fortunately, I am profitable globally but not out of the woods quite yet...
  7. G

    Cannot understand why local, county, state, are broke?

    There are alot of people who are well of and financially independent and would love to volunteer to be a building inspector or be part of the community. The village I live in, the mayor and village trustees are not paid but yet need to devote alot of time to the community. A lot of communities...
  8. G

    looking for feedback.

    REAL ESTATE 
    I have gotten burned by so many people in the past that I decided not to have any partners when I started to invest in real estate back in 1998. I started out first in investing in single family homes, moved on to two flats, then three flats, and eventually eight to twelve units. My mission...
  9. G

    Cannot understand why local, county, state, are broke?

    I did not start this thread to start a politcal debate or an attack on a party I am neither a Republican nor a Democrat. I do believe in democracy and i voted the first time in my life this past election. As a taxpayer, I get really frustrated on the amount of taxes that I pay and the...
  10. G

    I Think I Bought an Alligator

    REAL ESTATE 
    If this property is really draining you and you have negative equity but are concerned about your credit, why not contact the lender and offer them the deed in lieu of foreclosure? This will open up the eyes of the lender and they will want to renegotiate the note. I do not know what rate you...
  11. G

    I Think I Bought an Alligator

    REAL ESTATE 
    I have not been in the single family and individual condo rental market for many years, but you should try insurance companies. Companies like Allstate, Chubb, Fireman`s fund, Farmers, and other major carriers have a temporary housing department and they guarantee everything. They normally pay...
  12. G

    What NOT to do as a real estate investor

    The apartment rental business is a tough business with narrow profit margins. Scumbags can always get in through the cracks and it is just the cost of doing business. I own close to 3,000 rental units, consisting of townhomes and apartments in the midwest and I have seen the worst of the...
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    Did You Lose 13% Of Your Net Worth in the Last 10 Days?

    I own couple of dozen exotic cars, mainly Lamborghinis and Ferraris, and every single one of my exotic cars must have depreciated at least 50%. Fortunately, I did not purchase them as investments. I really do feel bad for the hard working people that held a long position in the securites...
  14. G

    Cannot understand why local, county, state, are broke?

    Just cannot figure out why cities, states, and the federal government is broke. All of the money they are collecting from sales, property, income, and other taxes, it just does not make any sense. I am from Illinois and maybe it is because we have incompetent politicians like Rod Blajogevich...
  15. G

    Welcome Gus

    EXECUTION 
    NO You may not be a candidate.
  16. G

    Welcome Gus

    EXECUTION 
    Re: Welcome GLC The best way to explain it to tell you how I got started. I will just give you a brief outline and we can discuss the details later. December 1999: Closed my first 8 unit building and got 100% financing. Purchase price was $160K. It was in the major Ghetto and the...
  17. G

    Welcome Gus

    EXECUTION 
    Perry, You just got thrown on my lap out of nowhere and I am glad you are in my life. You are funnier than shit and always make me laugh when things are tough for me. Whoever I am with during the day, I see my little buddy from bumble land Alabama on caller ID, I drop what I am doing and...
  18. G

    Welcome Gus

    EXECUTION 
    Perry, Talk about taking the leadership role as a newcomer. Boy, you have changed alot since I met you. You are coming on this forum like an armed Kamakazi representing me and yourself. Good to see the self confidence you have in yourself. My kind of man. I have just recently met Perry...
  19. G

    Welcome Gus

    EXECUTION 
    What book? What are you talking about? Have you been drinking again? Or did you forget to take your medications this morning, Perry? Go take two shots of Nyquil and go to bed.
  20. G

    Welcome Gus

    EXECUTION 
    Perry, I do alot of donations and I do not try to reveal myself whenever I do that. I was firm that the two quad runners and two Harley Davidson Police motorcycles were suppose to be anonymous, however, the press got a hold of it. Whenever I do someone a favor or give a gift, I do not...

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