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Old 07-03-2006, 10:34 AM  
AllStar
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Join Date: Feb 2006
Posts: 461
Quote:
Originally Posted by Greg B
Lotta good points here. Lotta good points.

Allstar, that's why I don't rent. It would really, really depend on the right situation. For me, if I had a $600k crib with a fixed $2400 per month I could easily max that out with tenants and make a good profit. A house at that cost is going to go up in value regardless and if you fix it up and add the goodies it'll go further. That's a good investment.

The best, the BEST thing to put into a property are good people. Plain and simple. Real estate to this day is the safest surest way to get rich quick. In five years you can be a millionaire if you do things right. If you have family members who are neat and honest and hardworking you will without a doubt be a millionaire in real estate.

Wish I had moved faster younger and not gotten wrapped up in all these Don Quixote bullshit causes. I can recover easily though. Just give yourself a five year plan, make sure you work your corporations right and don't get stupid with drugs, whores, gambling and over generosity.

Knowing all the ins and outs of corporate commercial purchases is where I'm at now. Being free to work in the country is the big help here.

Anyone hip to corporate purchasing?
Yep always the safest and surest way to make money. Just has to be the right house and financing on the property. However remember two things the guys selling the mortgages don't care about you so they want to sell you a mortgage so they collect a commision, no matter if you can afford it or not.
and second right now housing in general is overpriced in comparison to wages.
especially in the large markets.
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