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  1. D

    1500 to 1 million in 15 months

    REAL ESTATE 
    I agree.. You can make a good living,but getting rich in it takes a long time. I have not been on this site for a long time. Im still living off real estate,but not even close to the kind of life I want. I'm about to change roads and start new as MJ says in his book. I love the book. I read it...
  2. D

    Keeping a high mortgage for asset protection purposes?

    REAL ESTATE 
    My buddy is not behind on anything yet,but he is always telling me that he is drowning in debt. He says he can't take it anymore. I have heard this for almost a year now. When I saw your post,I was going to tell him about it. His house is killing him and he wants to walk away,but he has a few...
  3. D

    Keeping a high mortgage for asset protection purposes?

    REAL ESTATE 
    Very interesting, Will this also work on creditors and a deficiency judgement from a foreclosure coming after your real estate assets. I have a buddy heading down this road.
  4. D

    Leveraging

    Renting Mobiles on land brings me in 40 % + returns year after year and that is paying all cash. If I used leverage it would be off the charts.
  5. D

    Hard Slowlane Lessons

    SLOWLANE 
    I think buy and hold works if your looking to meet your living expenses and then go for the gold. Once I got to a point where my Rentals paid all my expenses, I could go on to bigger things. It took most of the stress away.
  6. D

    Significant Other

    MINDSET 
    I could write a book, but I'm not. I agree with the last few posts. I have never found a woman yet that would help instead of hindering my business. I have lost many girlfriends over the years that did not understand the time it takes to make it. My last girlfriend and I was on are way to the...
  7. D

    Calling all Real Estate guys * girls

    I flip houses under 100k.
  8. D

    Calling all Real Estate guys * girls

    I'm in the tampa bay area. Don't let people scare you. This is the best time to buy. You will look back in a few years and wish you had bought more. You can't get hurt if you buy real cheap and then sell cheap. I get in and out fast. Its a mind thing and who you believe. There is a lot of...
  9. D

    Calling all Real Estate guys * girls

    I'm in florida and will be buying in all of 2010 and on. The deals I bought in 2009 where at 50% of current value. I will do the same in 2010. I have enough rentals to pay my bills,so I will only be buying quick flips. I'm looking forward and hope he right about the price drops
  10. D

    19 Years old: First RE Deal done

    REAL ESTATE 
    Great, Now go do it again..
  11. D

    Are the property owners from this site in trouble?

    HOT! 
    Crazy Dan, thats what my family and friends who are still working a job call me.They say I'm crazy and will fall on my butt because I buy working class houses and mobiles on land.They all say buy a 150k house in a great area and put 20% down and get a good loan. They don't care that I can buy 9...
  12. D

    Are the property owners from this site in trouble?

    HOT! 
    Having all my rentals free and clear makes a big difference in this market. If I had listened to all the real estate pros and used leverage I would be singing a different tune right now. Sorry to hear that,I feel your pain and know you can pull it out.
  13. D

    Are the property owners from this site in trouble?

    HOT! 
    I'm not one of the big guys you posted about, but in my neck of the woods this small guy is doing fine. It takes a little longer to rent a place and rents have came down some. I Have been full for some time now,so I'm just out looking for the next deal,fishing and enjoying my kids..
  14. D

    philly girl thoughts

    REAL ESTATE 
    Tampa bay area is a term they use here that covers about 10 cities. I'm about 1/2 mile from the gulf.
  15. D

    philly girl thoughts

    REAL ESTATE 
    Tampa bay area
  16. D

    Asset Protection for Real Estate investors

    My friend is a attorney and he is making a killing helping his clients put there real estate assets in trusts and blind double LLC. They then let there upside down properties go into foreclosure and they don't lose there assets. I'm not saying this is right ,but he is real busy and can't keep...
  17. D

    Happy BDay MJ

    OFF-TOPIC 
    I'm always late to the party..I hope you had a great one.
  18. D

    Kiyosaki's New Book ....

    I have all his books and the new one is 90% of the old ones,but call me a sucker I still like it..I did meet him in person twice and did notice a attitude. He is not a very good speaker,but I love his books.
  19. D

    Preparing for the next housing decline

    REAL ESTATE 
    Sounds good to me, I love to talk about wobbly boxes. I still think it is a great time to buy and be a LL. LL got to lazy in the past and just put a sign out front and got a tenant. Times have changed and this is a business not a hobby ,like so many people treat it. It is all about the...
  20. D

    Preparing for the next housing decline

    REAL ESTATE 
    If you buy older mobiles on land in FL then taxes and Ins are your friend. I'm in the tampa bay area and making a killing with rentals. Taxes and Ins together run $50 a month on most of my cashcow mobiles.
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