Forum Replies Created
I just joined the group and wanted to drop by and say that I am really excited that I took action. I am new to real estate but have been contemplating for a long time but finally got off the fence. It’s amazing how some of us allow fear to take control and dictate the quality of life we live. I’m glad that I am able to move forward and with the support of the group, I know that I will make this happen.
My name is Fred and I live in Southern Indiana just across the river from Louisville KY.
Although I am not a seasoned real estate investor, I do have some background in Financing. I was a loan officer for a mortgage company/broker in the past and I have bought and studied NUMEROUS books/courses.
And with that last part being said I have to say THANK YOU to you Jackie and everyone on your team for publishing this website and all the great training. I am BLOWN AWAY with how much you give here on the site. It truly is the place to learn without spending a fortune to do so.
I decided to go through some of the audios and videos and do some reading before I posted here. I wanted to get a feel for the site and info before I said anything. I am so glad to have found you guys as I have wasted so much time on other peoples garbage/info.
I obviously plan on going through everything, but I was hoping that I could get some direction for a specific purpose.
I have glanced through the new members quick start guide and I will go back to it. But I am already at a level of advancement educational wise where I need a specific tactic to understand.
I know Options and their variations are king according to Jack and I am familiar with them.
What I would like to know the best way to buy a house for my wife and I without using traditional bank/credit union financing. I already own one house that I live in now.
However I bought this house on contract from my folks. It’s now paid off. What we are wanting to do is move back to California and purchase a house there using the creative techniques that you teach.
Can you tell me what or where the 10 to 20% of info. is that I should focus on in order to get a house on my terms?
And so far from what I already knew before coming here was that using an Option/Lease Option would be a way to do that.
I am trying to spend my time as wisely as I can at the moment as we would like to make our move sometime about this time next year.
If you could point me to that specific place here on the site it would be great.
Thanks again to everyone here at THE DEPOT and I am looking forward to getting to know you.
Just looked at my preview for this post. Wow. Does it not indent and space? Maybe someone could help me with that too. Thanks.
From Josh and Liz:
My name is Josh. My wife Liz and I are excited to be new members! I have been investing part time in Real Estate since 2006 and absolutely love it. When my wife and I started working together in 2008 things really picked up. Just last week I left my 10 year job as a manager in corporate America to be a full time investor. We are taking the plunge! Both my wife and I are both licensed realtors and looking forward to focusing on growing our business (Investments/Sales/Property Management), and giving back to the community.
One of our biggest questions right now is one that investors must always ask, how do we find the best deals?! Our area (Tampa, FL) is one of the target markets for large equity firms which now seem to be competing heavily for investment homes. The days of finding killer cashflow AND equity positive deals EVERYWHERE have changed. We are looking for some feedback on how others have seen this market dynamic effect their business and new strategies for finding deals before they are gone.
Currently we work with: wholesalers, Craigs list, mls listings, just started sending letters and posting ‘we buy houses’ signs, and word of mouth of course.
Also, with my recent transition to full time investor we are reviewing our portfolio and finances to ensure we have crossed all t’s and dotted all i’s. We currently hold some property in our personal names (due to conventional bank mortgage requirements), and others in 4 different LLCs (some multi-member partnerships). After taking a class on FL Land Trusts (which is where I heard from a classmate about Cashflow Depot), we are now researching trusts as a holding entity. At the end of the day we are looking for the most simple, cost effective way to protect our hard earned investments, but without overkill. There seems to be a lot of marketing out there selling very elaborate and costly strategies for asset protection, but I would be very interested to know what other practical investors are doing in the real world, Why they are doing it that way, and what has and has not worked for them in the past.
We are excited to be members and look forward to sharing successes, information and challenges with fellow investors!
Josh & Liz
St Petersburg, FL
Hello, my name is Howard. I am 34 years old and live in Santa Fe, New Mexico. I am a general contractor by trade, but have been desiring to get into real estate investing since I was 19. I have spent that time building up my career, and then launching my construction company in 2009.
Looking back, I am kind of glad I did not start investing prior to the crash. I think this is a much more realistic environment for investing.
My only RE investments to date are my first home purchased in the fall of 2011, and a mobile home I bought, fixed up, and resold for a loss of about $500.
My wife is not too happy about that last one, but I look at it as a $500 lesson in mobile home investing.
Santa Fe, by all appearances, is a crazy place to try and invest. The prices are quite high for the region, and the rent rates are not in alignment to the property costs.
I saw something on Josh Hartman’s website that said “Invest in places that make sense so you can afford to live in places that don’t.”
I like that and am hoping to use this site & forum to help me achieve my goals while still living in a place that doesn’t make sense.
Hi my name is Ron
Well lets see, I am from a small town in central Oregon. I call myself a realestate investor retreed because I have built two port foliose in my life
consisting of single family and multy family and lost both of them, I won’t tell you how I lost them except that I lost them in rhe same way.
I began in the early 60s with out realy knowing I was investing. That is a strong hint as to my age. To fast forward I sold all of my holdings 99 and retired my brokers license in 01, When I saw the condition of rhe market I decided to jump back in. I plan to build a port foliose of mobile home parks through the state of
From Sam Sanders:
Hello, every one I just join Cash Flow Depot last month and I am totally Brand New in this great Industry,I found out about this site at the Investors Club directed by the great “Larry Harbolt” that in it self is enough to inspire a new commer.And I was told about “Cash Flow Depot” and I started listening to
Jack Miller’s 12 Steps To Riches,and All this infomation I was recieving on how to invest in R.E. and on top of that Jackie,Bless Her Heat continued to send me even more incouragement to join that I just had to.And I have’nt regreted it since. I’m looking forward to joining all of you on the Forum for your expert advise.
Sam Sanders,Tampa Bay.
From Rich DuFour:
Rich DuFour here. I live in the Saint Louis, MO area. Started Wholesaling houses back in 2005-06. Got away from it for the last few years but I want to get back in and replace my JOB income. Looking for some strategies that will work in today’s market.
From Lev Mills:
My name is Lev Mills. I am a licensed Broker in GA, interested in getting back into real estate investing. I recently created a Property Management co for Buy and Hold, and Wholesale strategies. I still feel like a Newbie and willing to learn as much as I can. I?m looking for support and knowledge and always open to sharing a Broker / Agent perspective.
From Terry Bailey:
Hello everyone. My name is Terry Bailey and I have been a CashFlow Depot member for almost a year (ever since the Mobile Home Boot Camp. I have been busy trying to absorb all of the audio and videos you have available. That means I only recently started looking at the Forum. I am learning a lot from all of you. I am a school teacher in Indiana, and am starting my 40th year of teaching chemistry and second year biology at a small school in the northwest corner of the state. I still love what I do, but need to find some alternative sources of income. I do okay in the stock market, but need a more dependable cash flow. I am interested in mobile homes first, but many of the parks in this area are large, and run by Sun Corp or other big companies, so they don’t want me working their turf. Many of the smaller parks are managed by the owner, so there is also some conflict there also. I am starting to expand my circle, and keep looking. Keep up the good work, and I hope you close some great deals.
From Ron Steele:
Hello my name is Ron Steele and I’m from Alabama.
I play basketball in Europe and live there for 9 months out of the year. I want to get to know everyone in the community and learn as much as I possibly can.
Thanks for the opportunity.
From Josh Moreland:
My Name is Josh Moreland,
I have been in real estate about 11 years, I started buying long term keepers, I have also flipped , and done wholesale deals, However my favorite is still to keep adding to the long term hold portfolio. I belive now is a time where we will see a major wealth transfer from those who can buy and hold. (Buy Right is the key). I have made many mistakes and have learned alot, but still have a passion to learn more. I know the speakers on this sight are some of the best in the industry, so I am excited to learn more from all them, and all of you as well. Thanks for reading
Hi everyone, I just joined Cashflow Depot yesterday and this is my first time posting. Investing is a completely new world to me so I am really eager to learn as much as I can and meet some seasoned pros willing to help me learn the ropes of this business!
I’m in my mid-20’s, part-time employed but realize that I hate being someone else’s wage slave and want out of the rat race. The entrepreneurial life has long been calling me and it’s about time I answered, so here I am with a dream of creating enough cash flow from property investing to live off each month without having to work a job I hate. I don’t have a lot of “startup capital” to lay out right now, but am willing to “bird dog” for mentorship in the ways of master/ sandwich leasing to get my foot in the door. Eventually I would like to own a number of properties for equity building. I will be leaving my current job in six months for health reasons, so even a partial leg up on my first goal (monthly cash flow) would be a great help.
Obviously I will be doing a lot of studying through the wealth of information available here, but if anyone can point me in specific directions I should be focusing on, that would be great! What should I be reading, listening to, who are the people I should be talking to and adding to my team (particularly interested in real estate attorneys and CPA/ tax advisors who can help), etc?
Thanks so much! I’m looking forward to increasing my financial IQ and becoming involved in this exciting community.
My name is Arcinio. I am the newest, greenest one here and I’m looking forward to learning some of the strategies used by some of the best RE investors in the nation. I’m 32 years old, married with three little boys ages 7,5 and 6 months. For years I have lost tons money and taken many gambles at “get rich quick” scams. Then I received BS degree in business and work for a unversity as a director and still not happy. I then realized that the best way to obtain financial freedom is through investing…RE investing that is. Of course there other ways no doubt, but this seems to be the fastest with little or no risk.
For hobbies I enjoy gardening, biking, hiking, camping and traveling. I am also a professional freelance photographer and have started a small photo business when I was 22 years old. My favorite place to photograph is Panama of course! I am a Panamanian native and will soon be moving back to start a church in David Panama. I speak fluent Panamanian Spanish and am also fully Americanized. I have lived in California since I was 6 years old. I feel a very strong call to move back and indeed need to raise funds to start church down there. Hopefully I may be able to take what I learn here and apply some of it in my country. It would be a blessing to make money while I work as a full time pastor/missionary. I found a perfect building in David Panama, there’s only one problem…it cost 700K! Hence, here we go by faith! Time to do some RE deals before I leave in December (I just found 6 run down homes with lots of equity) I’ll need your help no doubt.
From Carlton White:
Hi, I joined the site to actually be able to hear the best real estate information around. And really more importantly to overcome fear. That is why Jack Millers Facing the Fear factor is something I like listening to. I think it is a mistake now not to have gone to seminars as I have known about the advantages of real estate forever and never did anything. The seminars would have been good as there are people there doing the business and not negative toward real estate investing.
I want to build up courage to do deals; more importantly I want to really learn as much as can to leave the knowledge to my children as I have let a lot of time slip without doing anything. It took me time to even have the courage to write this and I guess that is silly.
From Ken Linden:
Hello! I’m Ken Linden (Jr) from Bremerton/Port Orchard, WA (just outside of Seattle).
I’ve ‘studied’ REI for quite some time… quite a collection of books and a couple of courses.
For me, now is the time to get started in earnest.
I’m sorry I won’t be able to meet Jack personally, but I am thankful that he’s left quite a legacy for all of us.
His insights are refreshing and ‘reality based’….. if he could do it, so can I.
Hello all my name is Jose;
from Phoenix AZ. I am excited to start learning and begin DOING deals here in AZ. Thank you!
Greetings from sunny Cleveland Ohio! So glad to be here and excited to learn. I started a residential rehab company this year and successfully completed two properties. Now its time to acquire a cash flowing multi-family property. Any Cleveland locals with success? Would love to dialog with you!
From Eddie Lam:
Hi my name is Eddie Lam, I am from the Bay Area, I have heard good things about this website. I am a newbie here, I was honestly overwhelmed by the amount of information from this website. I am hoping to learn more and use the knowledge to make at least 3 deals in 2012.
From Chris Carter:
Hello my name is Chris Carter. I work with my Dad Chris Carter Sr as a real estate agent in San Diego County. I have been in the real estate industry for about 7 years and I love it. I have done a couple of flips about 5 years ago and am looking to get back in the game of real estate. I am looking for the fastest and most efficient way to market to wholesale some homes to make quick cash. If anyone has some great ideas please let me know. I am really excited to be here.