Real estate

[Goose_Man]

Keep trying to poke holes in what I do and tell people it’s not possible that’s fine. I’ll continue to make money hand over fist and help people at the same time.

Anyways what I do doesn’t even involve seasoning. So it’s not even an issue for me to get around. I just answered his question is all.

Believe it or not this is possible to do ANYWHERE and make good money while you’re doing it.

[The Kizzy]

As Lyion said, good luck to you in your venture.

[Goose_Man]

Maybe Goose is really Tom Delay?

I've done resales and made a bit of coin, but where I live it's not worthwhile to do what you do, Goose. More power to you if you make good coin, though.

Haha cute!

[Donnel]

but I have my eye on more multi family units, Duplex – 4 plex and maybe even a small apartment building or two.

In most markets these days it's almost impossible to make any money on single rentals (houses), nearly impossible to make money on duplexes as well.

You gotta go with 4+ units to have a chance of making money on one building.

If real estate markets do go down and prices drop across the board for a bit, those in a position to buy will be the new kings.

[Tikker]

but I have my eye on more multi family units, Duplex – 4 plex and maybe even a small apartment building or two.

In most markets these days it's almost impossible to make any money on single rentals (houses), nearly impossible to make money on duplexes as well.

You gotta go with 4+ units to have a chance of making money on one building.

If real estate markets do go down and prices drop across the board for a bit, those in a position to buy will be the new kings.

depends where you are

As I said, the wqay to make real money at it, is to own the properties outright

that way you only need to be able to pay the tax on the property, the rest is gravy

[Donnel]

Well sure, but who can afford 400k up front for an 8 unit complex? or 150 for a 4 family?

[Tikker]

that's kind of what I'm getting at

starting out in real estate and expecting to make a shitton of money is generally not a great idea

start somewhere else, pile up some cash, then get into real estate and make a shitload

[The Kizzy]

We buy investment properties in our office. We just bought one for $40,000 cash. The investment group is comprised of 5 men. One owns our real estate company, one owns an Italian resturaunt in the area, one owns a home inspection company, one owns a construction company, and the other one is a lawyer. They will be redoing much of this house. t will take them approximatly 3 months to do so. When the house sells, even it if sells for 10% under market value in the neighboorhood, They will still sell it for $180,000. After costs are paid, and filing and transfer fees, and all other costs involoved, they are still walking with $20,000 a peice. These houses CAN be found and flipped. They are just few and far inbetween.

[Tikker]

what the fuck is your point?

you make absolutely no sense 90% of the time

[The Kizzy]

I will use small words for you.

What....do....you.....not......get?

[Gaazy]

As far as Goose's business goes, if it made me a few good bucks id manipulate the living HELL out of the system

[Captain Insano]

Oh, and if I remember our talks last year correctly,. what you do is illegal in some states, and there is a law in congress as we speak trying to outlaw how it is you do business. Maybe that's why you moved to Texas? Because they have bass ackwards lending/housing laws. *shrug*

hahah spoken like a true realtor.


Realtor's have a tendency to hate what people like Goosse do. It's all legal, everywhere and it takes a hell of a lot of money out of your pockets and puts it in his.

No offense, I like you and all... but until you have actually successfully invested in real estate or are making more money than goosse I would value his opinion more than yours or anyone elses for that matter. Try not to take that as a personal attack, it's not meant to be.

This line of thinking I apply pretty much to everything I do. If someone isn't savvy enough to make a ton of money in the area they are giving advice in, I usually don't listen. I would rather hear it from the horses mouth.

[Donnel]

Or from a man eating a healthy diet of gov't cheese living in a VAN DOWN BY THE RIVER!!!

[Tikker]

I will use small words for you.

What....do....you.....not......get?

you're a glorified clerk giving 2nd and 3rd hand advice about stuff you only vaguely know stuff about


sure, every once in a while (once a year, maybe twice if you're diligent) you'll find a wreck of a house that's good structurally that you can fix up, and flip for a big profit

that by itself assumes you have the cash to pay out of hand for the repairs, or you have the know how yourself to fix it yourself


ie, 99% of people won't be in that category

[The Kizzy]

Im not a realtor Ralf.

Which is why I gave that scenario Tikker.

I started in this business doing homeloans. Hardly a glorified clerk. Think what you want, I don't care.

As I said before, Goose is one of the lucky ones. If it works for him, that's great. I think he has been real lucky. And that is good for him.

[Menlaan]

Goose, you think 2 years in real estate during the biggest housing market boom ever means you're more qualified to give advice than anyone else? Good luck this year.

I'm not sure what the next best thing to invest in is, but I'm not buying real estate for 6-12 months at least (and I can afford to). I'm currently investing in a diversified equity portfolio. I'm not expecting, nor am I, making a killing. But I'm also not following the herd and investing in an area recommended to by taxi cab drivers and get-rich-quick books.

Night,
Menlaan

[Tikker]

Im not a realtor Ralf.

Which is why I gave that scenario Tikker.

I started in this business doing homeloans. Hardly a glorified clerk. Think what you want, I don't care.

As I said before, Goose is one of the lucky ones. If it works for him, that's great. I think he has been real lucky. And that is good for him.

how is doing paperwork for someone else NOT a clerk?

[Ouchyfish]

I'm a part time diaper clerk.

[dammuzis]

house values are way out of whack compared to the average income
the rule of thumb on a house is it should cost 10x what the average income in the area is
what we see in california (entire west coast really) is 50x 100x or even higher
now in other parts of the country it may be different but with the interest only loans that have been going on last few years its just a matter of time before the market corrects itself (it wont crash) lots of people will lose their shirts and people with free capitol will be able to make a killing (this will be about 3-5 years from now). if a democrat is elected make that closer to 7.
at this time next year you will able to buy a house (tax leins rock) for pennies on the dollar

[The Kizzy]

Tiker, what is your experience in this area, I mean other than sucking Gooses's cock on a message board.


LEARN REAL ESTATE BY OSMOSIS

[Tikker]

Tiker, what is your experience in this area, I mean other than sucking Gooses's cock on a message board.


LEARN REAL ESTATE BY OSMOSIS

I've bought and sold 15-20 houses myself

friends of the family, as a business, hunt out wrecks to fix and flip

2 of my other friends have tried to get into the real estate market and have crashed and burned cause they didn't know wtf they were doing


etc, etc


now you tell us Kizzy, how many houses have YOU actually bought and flipped?

[Goose_Man]

Goose, you think 2 years in real estate during the biggest housing market boom ever means you're more qualified to give advice than anyone else? Good luck this year.

I'm not sure what the next best thing to invest in is, but I'm not buying real estate for 6-12 months at least (and I can afford to). I'm currently investing in a diversified equity portfolio. I'm not expecting, nor am I, making a killing. But I'm also not following the herd and investing in an area recommended to by taxi cab drivers and get-rich-quick books.

Night,
Menlaan

I project this next year I will make at least a half a mil if not more.

You see the thing is that no matter what the market decides to do (Boom or Crash dive) I will make a killing.. You know why? Because I know what the fuck I’m doing.

Believe you me I didn’t learn this from a 9 dollar book or the "advice of a cabbie". The first house I ever did I lost 8k. However, the 2nd house I did I made over 60k...(that was a little lucky yes) Since then I've spent over 20k on education and learned from the Gurus them selves. Ya know, the guys who have been in the biz for 20+ years and are worth 10's and 100's of millions.

As a matter of fact that in another two years if I keep my nose to the grindstone and continue to do what I’m doing I may have an offer on the table to fly around the country and have people pay me lots of money to teach what I know.

Also I don’t know how much you know about the real estate market in San Antonio but we are actually very much UNDER VALUED.... OMG

I’m glad you are "diversifying" your portfolio. That’s a great thing to do to hold on to wealth and maybe even build a little. I do plan on having a very diverse investment portfolio but first I need to build up some real capitol (millions) so that it makes sense to diversify and create multiple streams of income.

I’m also glad you can “afford” to invest in real estate. Here is a news flash for ya bud.. anyone on this board can go out and invest in real estate with 20 bucks in their pocket and make 5-10k in under a month if they are motivated. You sir are thinking very much in the box and listening to financial planners whom get paid 60-100k a year, do you see how ironic that is?

[KaiineTN]

I bet if Goose has a bad year he'll become one of those travelling seminar guys that tell a bunch of people how to make money.... 2 years ago!

Of course, this will be after he realizes that what he's been doing that has been providing him with success is no longer working as well and he is on a declining slope. He'll then hide under the veil of "helping others" achieve success through his seminars, after realizing it's much easier to make money off of people who think they can do the business! Oh, wait... that's what the "Gurus" you learned from are doing now... Oops!

[Lyion]

I’m also glad you can “afford” to invest in real estate. Here is a news flash for ya bud.. anyone on this board can go out and invest in real estate with 20 bucks in their pocket and make 5-10k in under a month if they are motivated. You sir are thinking very much in the box and listening to financial planners whom get paid 60-100k a year, do you see how ironic that is?

Hmm, I've spent some cash on real estate speculation, and I don't grasp what you're doing, unless it's very dodgy or something hidden.

20 bucks will buy one a get rich quick book, but short of making contacts and having product and business its a dead end usually.

What exactly are you doing? Shortcuts to big cash to me seem MLMish or some other dodgy method.

Are you using a corporate front to turn over real estate that's repo'ed or deserted and making a quick buck? That's all well and good, but I'm curious how you are doing this rapidly since it's a complete buyers market right now and residential property still is protected by seasoning laws that can get one in big trouble if they get audited.

I guess my question also is if the Feds hit you, will you be doing ok, or lose everything? I had a buddy roll properties off auction and bankruptcy for a living and he got killed when he was audited.

My Mom owns a ton of property in San Antonio, Austin, and Corpus and I've emailed her in regards to what you do to get her input. She made a killing in the 80s and 90s and knows real estate quite well.

I have no clue exactly what you are doing, but it sounds intriguing. Like anything that seems too good to be true, it does raise warning bells.

The one true proven about people who have made money is they generally do not want to share how they've done it, unless its a sales pitch to sell a book or other shortcut that won't work for 99.999% of other people.

[numatu]

I looked through some jeans I had in my laundry and found $20 -- where do I get started, I'm sick of thinking inside the box