View Full Version : I need to start making money.
archive_Flash
06-24-2004, 01:58 PM
I need to start making some cash money. I have no idea on how to do it. I grew up with some piss poor role models on the subject, and decided capitalism was the devil. Subsequently I never learned the dark art. Its time I did.
My heart shall bleed no more. http://anabolicfitness.infopop.net/infopop/emoticons/icon_mad.gif
LOL!
I have pretty kick ass credit now, so I was thinking about scooping up a forclosure. DIY cleanup, repair and paint...then putting it out on the market for some clown to buy at market value.
Its just an idea.
I have no Idea how to go about making money. If anybody could point me in the direction of self-education on the topic, Id be greatly appreciative.
-'Go that way. Really, really fast. If something gets in your way, turn.'
Decaman
06-24-2004, 02:33 PM
Can't go wrong with real estate these days bro- i would try that for a first venture.
http://www.anabolicfitness.com/dman/dman.jpg
Deal with reality
or
Reality will deal with you
Jonny Organon
06-24-2004, 04:15 PM
"capitalism the devil?"
Those who think that capitalism is bad are either lazy or have given up on success.
Although your idea has proven itself profitable time and time again. It has proven itself a distaster just as much. My recomendation if your into buying some property is to learn about it, including the structure. Many are sold into cheap fix-er upers thinkin a little TLC will prove a gold-mine investment only to find out the house needs 30,000+ in repairs to be liveable. However if you know what you are doing this shouldn't be a scare at all.
The richest people I know are in construction/development and real-estate.....
Property always becomes more valuable - there is only so much of it and as there are more and more people it will become more rare.
You might think of it as a long term investment. If you can find good renters - family, close friends it can be good. If you have bad renters it is a nightmare.
SteelPreacher
06-25-2004, 07:00 AM
Flash ~ this is like a mirror of my past. Your post word for word could've come from me, it's like twilight zone. Sorry I haven't found an answer yet except going back to school to secure a future. I have thought many times about getting into foreclosures etc though and I'm still learning. Real estate can make or lose you a great deal of money. Get Donald Trumps book the Art of the Deal. It's a good place to start.
I can make you a celebrity overnight.
Winners see problems as just another way to prove themselves! D.T.
I'd give real estate a shot after you learn the basics. I partnered up w/ a buddy of mine and here's our basic plan.
First we bought a cheap ass single family home, not in the projects but not in the nicest neighborhood either. We put $2K into the place to fix it up and then rented it out. It's only been 6 months so far but in the first year our ROI (return on investment) looks to be just over 50%. I'll take that any day of the week. We will continue to save our excess cash flow until we have enough for a downpayment on another place.
If a fix er upper/forclosure comes along, we're always willing to jump on that option. Buy a place that's undervalued, put no more than 10K into it and resell for a nice profit. This is a much harder to find but more lucrative option because it gives you a lump sum to invest rather than having to use your own $.
When evaluating property, make sure the main structure and expensive components are in good shape. You'd be amazed at how much nicer new siding and carpet makes a place look. Plus those are relatively low cost improvements.
Also, prior to purchasing look at the housing market in the area. I live in northern VA right now and the housing market is so hot right now there's no way I could make a high enough ROI for it to be worth my time. Where I'm investing, Springfield, IL the housing market is much different and great deals come around almost daily.
Feel free to email me with questions if this is something you'll be seriously considering as an investment vehicle.
archive_Ulter
06-25-2004, 08:46 AM
Move to Eastern Europe and sell steroids to Americans over the internet.
Buy a bar, paint it, new seating, lights, hire a new staff, open under a new name. Within a month you'll be packed, getting laid like crazy, making big bucks mostly in cash. Run up the books and sell it to someone else based on your first year in business. Hint: Greek imigrants love to buy these. Hint two: Pay close attention when hiring the waitresses because you're going to dating some of them.
Buy real estate with liens and back taxes owed in the rust belt. Kick the people off the land. Resell it and double your money. Make sure you add up all the liens correctly.
"Education is what remains after one has forgotten everything he learned in school." -Albert Einstein
[This message was edited by Ulter on 06-25-04 at 12:01 PM.]
VOX - DEI
06-28-2004, 12:46 AM
Check out the EF chat board on some of my posts as E23.
Bottle ethanol with lube, pray price of oil hits $100/b, and sell it as a gas mileage increaser
What are your good and bad traits? Tell us about yourself.
Renewable energy is where billions will be made in the next 10 years
Start a new exchange, "REE" Real Estate derivatives
Find a way to short home prices using derivatives
__________________________________________________ ___________________________________
If I post anything foolish or incorrect please correct me.
Thank you for your cooperation
People have way too many convictions in this country. Lighten the fuck up! http://anabolicfitness.infopop.net/infopop/emoticons/icon_smile.gif
There is right and wrong, but but only God knows which one is which. I am always having trouble finding an answer that I "think" has more right than wrong in it.
[This message was edited by VOX - DEI on 06-28-04 at 03:55 AM.]
[This message was edited by VOX - DEI on 06-28-04 at 03:55 AM.]
SteelPreacher
06-28-2004, 07:37 AM
whats a derivative?
I can make you a celebrity overnight.
Winners see problems as just another way to prove themselves! D.T.
archive_Flash
06-28-2004, 10:55 AM
The real estae prop isnt looking good right now. Foreclosures are going for near market value.
Im still going to watch, and if the economy tanks, I may pick up some rental properties.
<BLOCKQUOTE class="**-ubbcode-quote"><font size="-1">quote:</font><HR> What are your good and bad traits? Tell us about yourself.
<HR></BLOCKQUOTE>
GOOD: I learn quickly. I have above average organization skills.
BAD: I get bored easily. I like winstrol.
I am 29, married, in my junior year pursuing a biochem degree, and a full-time cad draftsman (reisidential).
For careers, I'm looking at:
-MD (but my GPA is 3.1 and not many schools want retards)
-law ( I havent researched it, as Iv thought of being a patent attourney in the biotech industry. Stem cells are growing)
-phd in biochem and do resaerch.
I have thought about doing construction mgmt, and building high end homes. I have an inside track if I decide to go with construction management. My father has done design work for all of the big builders, and knows the big wigs all over. Im not sure If I want to endure the year or two as someones bitch before I start getting paid what Im worth.
-'Go that way. Really, really fast. If something gets in your way, turn.'
archive_Ulter
06-28-2004, 11:34 AM
No, not foreclosures. Tax liens.
There are lots of properties that were paid off years ago but the people can't pay the taxes.
"our education system teaches people how to earn money, not make money"
Weekend Millionaire
"Education is what remains after one has forgotten everything he learned in school." -Albert Einstein
VOX - DEI
06-28-2004, 12:04 PM
<BLOCKQUOTE class="**-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by SteelPreacher:
whats a derivative?
I can make you a celebrity overnight.
Winners see problems as just another way to prove themselves! D.T.<HR></BLOCKQUOTE>
You'll need to read a few books for a good answer.
__________________________________________________ ___________________________________
If I post anything foolish or incorrect please correct me.
Thank you for your cooperation
People have way too many convictions in this country. Lighten the fuck up! http://anabolicfitness.infopop.net/infopop/emoticons/icon_smile.gif
There is right and wrong, but but only God knows which one is which. I am always having trouble finding an answer that I "think" has more right than wrong in it.
Monster
06-28-2004, 06:14 PM
If my whole "world domination" scheme goes according to plan, I'll hook you up...
-------------------------
Monsterland Is (NOT)Open Again!!! (http://68.43.66.69:66/monsterland.htm) (dont say you werent warned...)
"Trying is the first step towards failure."
http://www.bodo.com/simpsons/zhomerb.gif "Well, you tried your best and you failed miserably. The lesson is... never try."
VOX - DEI
06-28-2004, 07:17 PM
<BLOCKQUOTE class="**-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Flash:
The real estae prop isnt looking good right now. Foreclosures are going for near market value.
Im still going to watch, and if the economy tanks, I may pick up some rental properties.
no shit sherlock
<BLOCKQUOTE class="**-ubbcode-quote"><font size="-1">quote:</font><HR> What are your good and bad traits? Tell us about yourself.
<HR></BLOCKQUOTE>
GOOD: I learn quickly. I have above average organization skills.
BAD: I get bored easily. I like winstrol.
I am 29, married, in my junior year pursuing a biochem degree, and a full-time cad draftsman (reisidential).
For careers, I'm looking at:
-MD (but my GPA is 3.1 and not many schools want retards)
-law ( I havent researched it, as Iv thought of being a patent attourney in the biotech industry. Stem cells are growing)
-phd in biochem and do resaerch.
Great! You're IQ is above 120! And you’re not lazy! You'll need to find a creative visionary with massive amounts of energy to come up with ideas. When this person enters a room people must gravitate toward him/her (a people person). You will be the person who implements the ideas (you'll do the grunt work).
If you are successful or unsuccessful and your partner in business is not your spouse you will get a divorce, since you are already married. If you don’t live with your wife, make sure to go on dates with her/him once or twice /wk to boost your spouses interest level in you to maintain your marriage.
I have thought about doing construction mgmt, and building high end homes. I have an inside track if I decide to go with construction management. My father has done design work for all of the big builders, and knows the big wigs all over. Im not sure If I want to endure the year or two as someones bitch before I start getting paid what Im worth.
-'Go that way. Really, really fast. If something gets in your way, turn.'<HR></BLOCKQUOTE>
__________________________________________________ ___________________________________
If I post anything foolish or incorrect please correct me.
Thank you for your cooperation
People have way too many convictions in this country. Lighten the fuck up! http://anabolicfitness.infopop.net/infopop/emoticons/icon_smile.gif
There is right and wrong, but only God knows which one is which. I am always having trouble finding an answer that I "think" has more right than wrong in it.
VOX - DEI
06-28-2004, 07:33 PM
www.machtane.com (http://www.machtane.com)
If you want you could rip this stuff off. Find a million bucks, use all of it as your marketing budget and make 100 mil by the end of 2004.
I've put that stuff in my car for the past few months and so far it works very well for increasing my gas mileage by about 22%. It is 96% ethanol better know as undenatured alcohol.
I found them though a great PR campaign on local news.
__________________________________________________ ___________________________________
If I post anything foolish or incorrect please correct me.
Thank you for your cooperation
People have way too many convictions in this country. Lighten the fuck up! http://anabolicfitness.infopop.net/infopop/emoticons/icon_smile.gif
There is right and wrong, but only God knows which one is which. I am always having trouble finding an answer that I "think" has more right than wrong in it.
harddtime
06-28-2004, 09:47 PM
Flash, heres a reading list to get you started....
1. Rich Dad Poor Dad
1.5 Cash Flow Quadrant
2. One Minute Millionare
3. Making Big Money Investing in Foreclosures without Cash or Credit
4. Buy It, Fix It, Sell It, Profit
5. Real Estate Loopholes
also get some sales and negotiation books as well as some motivational stuff to keep you going, good luck
- harddtime
harddtime
06-28-2004, 09:48 PM
.
[This message was edited by harddtime on 06-29-04 at 01:06 AM.]
harddtime
06-28-2004, 09:58 PM
oh yea, when you wanted to learn about steroids you read steroid message boards, when you wanna make money check out these message boards. They're both real estate related, both very good.
http://www.creonline.com/
http://www.thecreativeinvestor.com/Forum-index.html
You wanted self education? here's a reading list taken off the TCI, i've read a lot of these books and agree most are must reads in terms of self educating yourself on the subject you wanted. Hope this helps buddy, when you become a millionare gimme a call, we'll hang out, by that time i'll be there as well http://anabolicfitness.infopop.net/infopop/emoticons/icon_wink.gif
and oh yea, everything you learn in school is garbage in terms of helping you make money. So start reading and then you'll clearly see why.
1. Rich Dad Poor Dad – Robert Kiyosaki
2. Cashflow Quadrant – Robert Kiyosaki
3. RDPD’s Guide to Investing – Robert Kiyosaki
4. Retire Young Retire Rich – Robert Kiyosaki
5. Prophecy – Robert Kiyosaki
6. Real Estate Riches – Robert Kiyosaki , Dolph De Roos
7. Real Estate Loopholes – Robert Kiyosaki, Diane Kennedy
8. Consulting, Speaking and Seminar Training - Robert Bly
9. Multiple Streams of Income - Peter Conti and David Finkel
10. Think and Grow Rich - Napoleon Hill
11. The Aladdin Factor – Jack Canfield
12. Awaken the Giant Within - Anthony Robbins
13. Are you Dumb Enough to be Rich?" - William Barnett
14. Flipping Properties - William Bronchick and Robert Dahlstrom
15. Real Estate Business and Investment Opportunities IRA Wealth – Bryan Wittenmyer
16. IRA Wealth – Patrick W. Rice, Jennifer Dirks
17. Subject To Manual - John $Cash$ Locke
18. Unofficial Guide to Real Estate Investing - Martin Stone
19. Investing in Real Estate, 4th Ed. – Andrew Mclean and Gary W. Eldred
20. Real Estate Finance & Investment Manual – Jack Cummings
21. Maximum Achievement - Brian Tracy
22. Getting Rich in America - Brian Tracy
23. How To Win Friends And Influence People - Dale Carnegie
24. Richest Man in Babylon - George S. Clason
25. How to Make Big Money in Real Estate - Tyler Hicks
26. The McGraw-Hill 36-hour Real Estate Investing Course – Jack Cummings
27. How to make big money in the Tighter, Tougher 90s - Hicks
28. The Millionaire Mind --Thomas Stanley
29. Quick LLC --Nolo
30. Spin Selling --Neil Rackham
31. The Latino Journey to Financial Greatness --Louis Barajas
32. Advanced Wiring --Stanley Tools Co.
33. The Godfather --Mario Puzo
34. Flipping Properties --Bronchick & Dahlstrom
35. You can negotiate anything – Herb Cohn
36. Buy low, Rent smart, Sell high – Andy Heller
37. The Weekend Millionaires Secrets to Investing in Real Estate – Mike Summey, Roger Dawson
38. Real Estate Investment and Acquisition workbook – Howard Zuckerman
39. Real Estate Finance & Investments - Brueggeman and fisher
40. Financial Statements - Thomas Ittelson
41. How to argue and win every time - Gerry Spence
42. Real Estate Finance & Investment Manual - jack Cummings
43. The Ten Day MBA - Steven Silbiger
44. The Essentials of Real Estate Economics - Dennis McKenzie
45. The Great Investment - T.D. Jakes
46. Consulting, Speaking and Seminar Training - Robert Bly
47. Patents, Trademarks & Copyrights - David Rosenbaum
48. Titan - Ron Chernow (Rockefeller bio)
49. Onassis - William Shawcross (Aristotle Onassis bio)
50. How to master the art of selling - Tom Hopkins
51. Eat that frog - Brian Tracy
52. The Invisible Billionaire - Jerry Sheilds (Daniel Ludwig bio)
53. CEO - Building a $400 million company from the ground up - Sandra L. Kurtzig, Tom Parker
54. Walk like a Giant, Sell like a Madman – Ralph R. Roberts, With John Gallagher
55. Who Dare Sells: The Ultimate Guide to Selling Anything to Anyone – Patrick Ellis
56. How to Close Every Sale – Joe Girard
57. You can Negotiate Anything – Herb Cohen
58. Getting to Yes – Roger Fisher, William Ury, Bruce Patton
59. Secrets of Question Based Selling – Thomas A. Freese
60. The Seven Habits of Highly Effective People – Stephen Covey
61. The 22 Immutable Laws of Branding – Al Ries, Laura Ries
62. The 21 Irrefutable Laws of Leadership – John C. Maxwell, Foreword by Zig Ziglar
63. Thomas Jefferson on Leadership – Coy Barefoot
64. The One Minute Millionaire – Mark Victor Hansen, Robert G. Allen
65. Maximum Achievement - Brian Tracy
66. How to Buy and Sell Apartment Buildings – Vollucci
67. How to Buy and Sell Apartments – Zick
68. Buying Systems – Norris
69. How to Talk So People Listen - Sonay Hamlin
70. Smart Talk "The Art of Savvy Business Conversation" - Roberta Roesch
71. E-myth - Michael Gerber
72. Deals on wheels - Lonnie Scruggs
73. Regions of Opportunity - Jack Lessinger
74. Flipping Properties - Bronchick / Dahlstrom
75. Unlimited Riches - Robert Shemin
76. Teach yourself body language - Gordon Wainright
77. How to wake up the financial genius inside of you - Mark O. Haroldsen
78. How to win friends and influence people - Dale Carnegie
79. Habits of highly effective people - Steven Covey
80. How to be rich - j. Paul Getty
81. The art of the deal - Donald Trump
82. Who moved my cheese – Spencer Johnson
83. The Greatest Salesman in the World - Og Mandino, George
84. The Millionaire Next Door - Thomas J. Stanley, William D. Danko
85. How I turned $1,000 into five million is - William Nickerson
86. How to make millions in 3 years starting with no cash - Tyler Hicks
87. The complete guide to buying and selling apartment buildings – Berges
88. Marketing Investment Real Estate - Messner, Schreiber, Lyon and Ward
89. Make It Big! 49 Secrets for Building a Life of Extreme Success - Frank McKinney
90. Investing in Fixer-Uppers. - Jay p. Decima
91. Buy It, Fix It, Sell It, Profit.- Kevin C. Meyers
92. Ziglar on Selling. - Zig Ziglar
93. Wealth In a Decade - Brett Machtig
94. Real Estate Investments and How to Make Them -- Milt Tanzer
95. Make Money with Small Income Properties -- Gary Eldred
96. See You at the Top -- Zig Ziglar
97. Zig Ziglar's Secrets of closing the Sale -- Zig Ziglar
98. Multiple Streams of Internet Income - Robert Allen.
99. Improve the Value of Your Home - Robert Irwin
100. A Fortune At Your Feet - A.D.Kessler
101. The Book Of Scams - L.Foster
102. Secrets of a millionaire real estate investor" - R.Shemin
103. The real estate investor's tax guide" - V.Hoven
104. The Weekend Millionaires secrets to investing in RE - Mike Summey and Roger Dawson
105. Homemade Money - Barbara Brabec
- harddtime
[This message was edited by harddtime on 06-29-04 at 01:10 AM.]
[This message was edited by harddtime on 06-29-04 at 01:11 AM.]
[This message was edited by harddtime on 06-29-04 at 01:13 AM.]
VOX - DEI
06-29-2004, 12:14 AM
You could short lenders, if so inclined
Monster
06-29-2004, 05:50 AM
As Noam Chomsky ably stated, the further along you go in the education system, the further you get indoctrinated into the system of staying in your place. Not believing that "class jumping" is possible and learning to settle for what you think is "realistic".
Higher education can in most cases, rob you of the very things you need to be successful. All it gives you is paper credentials.
Most truely successful people were college drop outs or worse (think about it).
Its all about hustling.
-------------------------
Monsterland Is (NOT)Open Again!!! (http://68.43.66.69:66/monsterland.htm) (dont say you werent warned...)
"Trying is the first step towards failure."
http://www.bodo.com/simpsons/zhomerb.gif "Well, you tried your best and you failed miserably. The lesson is... never try."
SteelPreacher
06-29-2004, 05:01 PM
Sorry monster I disagree. Lawyers,Doctors Engineers,Architechts all got educated and subsequently got paid. Are they conformist? Maybe, but they still got paid. You don't need to go to school to make lots of money, but I don't believe it hurts you either.
I can make you a celebrity overnight.
Winners see problems as just another way to prove themselves! D.T.
archive_Flash
06-29-2004, 06:01 PM
SP I dont think Monster and You have got the same definition of making money. Doctors, lawyers and the rest are sheep. They get in debt and are owned. Their is a certain psychological element where people feel trapped, even though they have choices.
They are placated by their material goods, and dont want to sacrifice anything to move forward.
This is how the machine works.
Most of us are worker bees. The middle class illusion, that if we keep trying we will achieve our goals, keeps us motivated like a donkey chasing a carrot dangled in front of us by some dick eating a cheeseburger and enjoying the free ride.
once you realize your a jackass you can do something about it.
Ive realized Im a jackass.
Its now time to rape and pillage!!!
...to the maximum exxent the law will allow http://www.anabolicfitness.net/smileys/banana.gif.
-'Go that way. Really, really fast. If something gets in your way, turn.'
harddtime
06-29-2004, 06:37 PM
Flash, i agree. I was gonna go to law school untill i realized exactly the same thing. Yea lawyers make money, after they pay off all their debts and work for someone else for 60-80 hours a week not really enjoying life. Not for me...
- harddtime
archive_Flash
06-29-2004, 07:29 PM
Hardtime, thats quite a list of reading material. Is it in order of importance perhaps?
-'Go that way. Really, really fast. If something gets in your way, turn.'
VOX - DEI
06-30-2004, 06:32 AM
Most "Lawyers,Doctors Engineers,Architechts" are in so much consumer debt they will never retire.
VOX - DEI
06-30-2004, 06:45 AM
Buy this and then go from there...
http://www.jimrohn.com/shopping/shopexd.asp?id=5
archive_Flash
06-30-2004, 12:22 PM
VD, are you kidding?
The site says nothing about what service it offers...other than CD's of a speaker at his best. There's no mention of subject. Even the testimonials are vague as hell.
....Did you just set that site up? Trying to get a quick 5 bills. LOL!
-'Go that way. Really, really fast. If something gets in your way, turn.'
VOX - DEI
06-30-2004, 06:12 PM
Ulter, I’m sure you have heard of the great Jim Rohn.
Someone speak the fudge up
__________________________________________________ ___________________________________
If I post anything foolish or incorrect please correct me.
Thank you for your cooperation
People have way too many convictions in this country. Lighten the fuck up! http://anabolicfitness.infopop.net/infopop/emoticons/icon_smile.gif
There is right and wrong, but only God knows which one is which. I am always having trouble finding an answer that I "think" has more right than wrong in it.
VOX - DEI
06-30-2004, 08:55 PM
http://anabolicfitness.infopop.net/infopop/emoticons/icon_smile.gif
SteelPreacher
07-01-2004, 05:50 AM
Flash I believe debt is a calculated choice as to whom one is in debt to and for how much. Just because someone goes to school doesn't mean they are going to be in more debt than they are making.
It's interesting to me that you say that the concept of "if we keep trying we will achieve our goals" is an illusion of the middle class. If you don't believe that you can in fact reach your goals you never will. But I'm sure that you already know that. Think of all the fitness goals we've talked about and then attained. Were those goals simply carrots dangled by Ulter or someone else laughing all the way to the bank? No, they were self imposed. Whether your goals are an illusion or reality are up to you. How you go about attaining them is also entirely your choice, but to totally discount people who have chosen to reach their goals by getting degree's (which are in fact becoming less common as time goes by) doesn't do you justice. It's a huge generalization that simply isn't true.
I can make you a celebrity overnight.
Winners see problems as just another way to prove themselves! D.T.
archive_Flash
07-01-2004, 02:45 PM
I hope I didnt offend you SP. I didnt mean to. I think I did give you the wrong idea.
School is not something I plan on quitting. I'm going to continue my education my entire life, and will finish my formal education.
While I dont doubt Ulter giggles a little evrytime I order glucorell, I think you make good points. I dont agree entirely with what you've said. I was generalizing the typical US citezen.
SP, maybe you havent thought of this before, but maybe your not average.
-'Go that way. Really, really fast. If something gets in your way, turn.'
SteelPreacher
07-02-2004, 05:50 AM
I wasn't offended per se, I was surprised. I did get the impression that you were giving up in some way and thats not you, so thanks for clarifying. I understand what you mean about society being set up to put people in debt and keep them there it makes me feel cynical just thinking about it....
My Grandfather worked his ass off his entire life, he had three jobs. He believed in the work hard Play hard principal to some degree but mostly he never wanted to owe anyone anything. He always carried hundreds of dollars in cash on him and whatever he wanted he bought. If he couldn't pay in cash he wouldn't buy it. One time he bought a Horse for my sister (8-9 years old at the time) 5,000 in cash. Needless to say he wasn't thrilled as credit cards became increasingly popular and sometimes necessary. I believe he got one finally when they wouldn't let him rent a car for cash, anyway I think that there is a lesson to be learned from my Grandfather.
<BLOCKQUOTE class="**-ubbcode-quote"><font size="-1">quote:</font><HR>SP, maybe you havent thought of this before, but maybe your not average.
<HR></BLOCKQUOTE>
Truthfully I've always thought of myself as pretty average.
I can make you a celebrity overnight.
Winners see problems as just another way to prove themselves! D.T.
harddtime
07-02-2004, 08:20 PM
Flash, the books that i gave as my small reading list are the top 5 books that i've read in order of importance pertaining to this subject.
"1. Rich Dad Poor Dad
1.5 Cash Flow Quadrant
2. One Minute Millionare
3. Making Big Money Investing in Foreclosures without Cash or Credit
4. Buy It, Fix It, Sell It, Profit
5. Real Estate Loopholes"
These are a good begging to start transforming your thinking...no offense to anyone on this thread giving advice, but unless your making millions your advice is worthless IMO. It doesn't make sense to take advice of those who aren't getting the results that you want. You wanna make money, start reading the books written by those who are so you start thinking like them.
- harddtime
harddtime
07-02-2004, 08:21 PM
SP, read "rich dad poor dad", i guarantee it'll change the way you think once your done with it. I'm not gonna waste my time typing out the whole argument laid out in that book, but please do yourself a favor and read the book.
- harddtime
Monster
07-02-2004, 09:08 PM
As aptly stated above, most doctors, lawyers, etc. will work for many, many years to pay off the loans they took out to get where they are.
Then they work 80, 90+ hour weeks. If that is "getting paid", then maybe the poor have it right.
Somebody whos money "works for them" has it all over somebody "working for their money", I dont care if you have an MD or a PhD at the end of your name, its all about the quality of life.
<BLOCKQUOTE class="**-ubbcode-quote"><font size="-1">quote:</font><HR>Posted by Flash:
Doctors, lawyers and the rest are sheep. They get in debt and are owned. Their is a certain psychological element where people feel trapped, even though they have choices.
They are placated by their material goods, and dont want to sacrifice anything to move forward.
This is how the machine works.
Most of us are worker bees. The middle class illusion, that if we keep trying we will achieve our goals, keeps us motivated like a donkey chasing a carrot dangled in front of us by some dick eating a cheeseburger and enjoying the free ride.
once you realize your a jackass you can do something about it.
Ive realized Im a jackass.
Its now time to rape and pillage!!!
<HR></BLOCKQUOTE>
This is the very core truth to "making it". All of the real "success stories" in the world are based on that very model.
Bill Gates dropped out of college to hustle. He told the guy who wrote DOS to front it to him and he guaranteed he could get him $50,000 for it. He made MILLIONS selling it to IBM and broke that poor sap off his $50,000.
He built an EMPIRE from that seed money.
Bill Gates is a success story, and there are plenty of other people fromf humble beginnings that went on to TRULY get paid.
Donald Trump? Forget it. He has money, he gets paid, but does he have advice worth listening to just because he has money? Not really.
In 1962 Fred Trumps paid $5.7 million for an apartment complex. He had his son Donald (25 years old) fly to Cinncinnati to manage it.
They put $500,000 into the complex. In 1972 they sold the comlex for $6.75 million. In his book Donald Trump boats that this was "his first multi-million dollar deal", though it was his father deal, his fathers money and was a measly $550,000 profit... for 10 years of work.
It isnt inspirational to hear how someone "made it" with daddys money backing them. What kind of a risk is it to take when you have deep pockets to fall back into?
A person who had mommy and daddy send them through medical school doesnt have anything to say worth listening to. Maybe the person is a good doctor? Ok. But hardly someone whos success should be admired.
What about the guy who came from the streets? Maybe dropped out of school? But took a little money and took a chance on something crazy... like mechanical bulls, because he had a hunch it could be a great investment. Then took those profits and took another chance investing it in another business start up? Like trucking, or computer stores or something?
Then took that money and started a business dong something he loved and finlly saw it pay off and became a beloved leader of men. A national man of intrigue and mystery. The kind of guy women want and men want to be... who lives in the lap of luxury like some sort of columbia drug czar?
And it all started by taking a chance.
Thats the kind of guy who is an inspiration.
(http://anabolicfitness.infopop.net/infopop/emoticons/icon_biggrin.gif Hmmm, that story sounds kind of familiar, I just cant remember the guys name... http://anabolicfitness.infopop.net/infopop/emoticons/icon_biggrin.gif)
-------------------------
Monsterland Is (NOT)Open Again!!! (http://68.43.66.69:66/monsterland.htm) (dont say you werent warned...)
"Trying is the first step towards failure."
http://www.bodo.com/simpsons/zhomerb.gif "Well, you tried your best and you failed miserably. The lesson is... never try."
VOX - DEI
07-02-2004, 11:02 PM
My dad was born Cesario in mexicali, mexico on the dirt floor of his parents house. His mother was 16 and his father was 72. They became US citizens when he was 10 years old and the US judge made him change his name to Cesar. They lived in Calexico, CA (booming and mostly Caucasian populated at the time) where his father bought a lot of land and built a home that still stands today with his hands. His dad became a janitor at the local library and his mother stayed home with the kids. Every two years after he was born another sibling was born for a total of 9 including him. They were all sent up to the fields in the summer to pick crops in central California. He did that from age 4 to 22. All the money he ever made went to his parents until he left home at 16. He graduated from high school at age 16 with grants and loans (via Affirmative action) to attend UCLA. He moved to Venice beach in in the summer of 1969. He washed dishes for a living and ate canned beans in his 100 sqft apt while at UCLA. During the summers he went back to the fields and sent all of his money to his parents. When he was 19 and in the third year as an undergrad at UCLA he decided to take the MCAT's he passed with such a high score that he was accepted to Harvard med school. That summer he went to summer school at Harvard, hated the humidity and left for good. He instead went to the University of Washington medical school without an undergrad degree. (More affirmative action) And the rest is history. He now gives the oral exams a few days /year to become an ophthalmologist in CA. He was a professor at the UCLA Jules Stein Eye Institute when I was 3 while living in a 600 sqft apt in Culver City California (ghetto) with all four of us packed in. My mom worked and I spent my time watching TV with a $1/hr baby sitter. When I was 5 he opened a private practice in Encinitas CA. When I was 7 he was making over 5 million/yr and taking home 500 grand/yr (50hr weeks) before taxes while every other ophthalmologist was taking home 1+ million/yr at the time. Why you may ask did he make so little? Because he was a goody two shoes. Then taxes were raised by Regan and then socialized medicine was getting cuts, huge cuts, to the tune of a 80% reduction in reimbursements in the 90's. Being a doctor today is stupidest idea to have ever come across these young kids minds.
What was the point of this post???
When he sees a movie and goes to the consecion counter he cringes at the sight of all these latinos with babies who throw down $100+ to take their poor as shit family to buy lunch at the movies. The same applies to the Del Mar Fair.
My dad avoided the draft by becoming a LT in the vet hospitals.
It really sucks to be stupid in this country. Then again ignorance is bliss, no really it is.
[This message was edited by VOX - DEI on 07-03-04 at 02:30 AM.]
VOX - DEI
07-02-2004, 11:20 PM
He used to tell me of these guys on the beach working out (venice was a ghetto then), then again by my def. 95% of america lives in the ghetto.
Bill Gates was born into wealth so he already knew how to hustle.
If your IQ is high enough and are driven to change your situation you can do most anything.
Look at W.J.C., from a piss poor family but smarter than shit, who only sleeps a few hours per day, and mostly likely one of the best liers to have ever lived.
And to this day lies his ass off.
[This message was edited by VOX - DEI on 07-03-04 at 02:29 AM.]
SteelPreacher
07-03-2004, 06:34 AM
Hardtime~ You've made your first million then have you? You've read all the books and you are giving advice on this thread, right? I'll say again...not everyone that goes to school will be in debt. It's a calculated risk like evrything else. My personal opinion is that when one is not in debt thats the best place to be. I don't pay a dime for education that I can't pay up front anymore. I took out loans my first two years when I was younger and thank god I was able to forsee the debt growing before it got out of control. I will certainly read that book and some others on your list have peaked my interest as well.
Bill gates is a great success story but if everyone just dropped out of college to Hustle...well I think 99% would be severely dissappointed.
Like Vox said If your IQ is high enough and you are driven you will be able to do anything. There is no concrete formula to my knowledge. You work with what you've got and do your best. There are an infinite ammount of paths to success and just as many to failure.
I can make you a celebrity overnight.
Winners see problems as just another way to prove themselves! D.T.
harddtime
07-03-2004, 12:34 PM
SP, i've read many of the books, and i'm well on my way, gimme two years and i'll be there. As far as debt, i disagree with your opinion. There's good debt and bad debt that "rich dad poor dad" goes into....bad debt is debt thats bought you liabilities, good debt is debt thats bought you assets. There's nothing wrong with being 5 million in debt, if that debt is providing a serious cash flow for you. There is something wrong however with being even 100 thousand is debt for education thats only provided you with a degree thats letting you make a measly 40k per year.
As far as giving advice on this thread, i haven't done that. I've just pointed flash in the direction of the right advice. Me giving advice would be the equivalence of a newbie who's taken his first two shots of his first cycle giving out advice on doing steroids instead of pointing people in the right direcction.
- harddtime
harddtime
07-03-2004, 12:38 PM
<BLOCKQUOTE class="**-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by SteelPreacher:
There is no concrete formula to my knowledge. You work with what you've got and do your best. There are an infinite ammount of paths to success and just as many to failure.
I can make you a celebrity overnight.
Winners see problems as just another way to prove themselves! D.T.<HR></BLOCKQUOTE>
There are many concrete formulas, it's called modeling those who have achieved the results that you are looking for. Sure there are many paths to success as there are to failure, but why bother with trial and error trying to reinvent the wheel? READ and model after those who are already acheiving the results that you are after, and learn from their mistakes.
- harddtime
archive_Bjaarki
07-03-2004, 04:20 PM
I respect the moneymaking skills of many of the guys here - they're right, there are a million ways to earn quickly what I work all year to bring home - but there is no substitute for e-d-u-c-a-t-i-o-n.
Finish yours, Flash my man. If you never make another cent, FINISH YOURS.
Bjaarki
... Then, do what you have to do.
harddtime
04-18-2005, 08:18 AM
I'm gonna bump this up for SteelPreacher....
I've been waiting to revisit this topic, and I think i'm a little more qualified to give advice on this topic and be taken more seriously.
First deal, bought a house for 300k 2 mos ago, i have a contract closing may 16, for 530K, would have been more but i rushed it, i had 3 560k offers on the property after i signed the contract.
Second Deal, bought a 430k house for 5k, 300k mortgage still on the place, not in my name, we're short selling the bank, hopefully will get it down to $280, so that should leave a nice healthy profit.
Not a millionaire yet, but right on schedule, and the system i have for doing this is getting more and more refined.
NOW i believe i'm VERY qualified to give advice on this thread.
I hope you did check out some of those books.
"Formal education will make you a living, SELF education will make you a fortune." - Jim Rohn
- harddtime
[This message was edited by harddtime on 04-18-05 at 11:47 AM.]
bigboy
04-18-2005, 09:37 AM
HT, congrats on earning some money. Now what? Can your refined system be applied consistently or is it something that you luck into every now and then? If it can be applied consistently how many more "deals" are in the hopper?
I am very interested in learning more about what you are doing. I have been chasing proerty in Fl for over a year. It is a joke, if you buy something it is worth 10% more the next day! Where are you making money?
archive_Flash
04-18-2005, 02:23 PM
Thanks for bumping this back up.
I have 2 more semesters thaen I will have my BS in biochemistry. This is huge to me. I dropped out of high school, so getting my BS is more than I had planned, then again I was a vegan anarchist untill I met my wife. funny thing, the butterfly effect, synchronicity...
I'll be reading rich dad poor dad over the summer.
I'm seriously considering opening a lab in 5 years. Not for AAS; I know your thinking it http://anabolicfitness.infopop.net/infopop/emoticons/icon_wink.gif LOL.
Congrats harddtime!
harddtime
04-18-2005, 04:38 PM
Bigboy, it's consistnet given that my marketing is consisent. Right now i had to slow down the marketing untill i get rid of at least one of these properties, cash is tight. I do about 10,000 mailings a week just to people in foreclosure, not to mention that bandit signs, cold calling i have people doing, and tv and radio commercials that are made up and will be on the way soon.
The books i listed above are pretty much what i'm doing, i just refined the way of doing it better then i've ever seen it in any book. I buy properties in NY/NJ and south florida.
Flash, hang in there, and definatly open up your open business, even though it'll be a 24/7 job there is nothing that is rewarding as working for yourself, imo.
- harddtime
<BLOCKQUOTE class="**-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by Ulter:
Hint: Greek imigrants love to buy these. .]<HR></BLOCKQUOTE>
thats messed up
http://members.chello.nl/~wvanoverbruggen/pwned.jpg
the Greek Being the Duck
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