Money Making Idea.

[Yoda]

I just had a cool coversation with a friend of my Mom's over the fourth of July. He had quit teaching in the 70s and made a mint investing in single family homes with a buy and hold type of an approach. I had been considering getting into this sort of thing, but talking with him really crystalized it for me. My friend followed John Schaub. Check out johnschaub.com or order his book 'building wealth one house at a time' on amazon. If anyone is interested, let me know, maybe we could share libraries, ideas, etc. I've been reading many books in the last week, and John Schaub's is the best single overview.

 

-Yoda

[Tenguzake]

I like Keller's Millionaire Ral Estate Investor. http://www.amazon.com/exec/obidos/tg/detai...=books&n=507846

 

I own one rental property and want to either buy more or build a new fourplex. I haven't had the time to sink into it lately, but will later in the year or early next.

 

RE gurus abound and often their advice is questionable at best or illegal at worst. Check out John Reed's guru rating site. http://www.johntreed.com/Reedgururating.html

 

If I remember correctly you are already a real estate agent. Why don't you check out the CCIM program and do deals higher on the food chain? I think you'd get more and better education and a designation that is recognized internationally at a similar cost to some of the RE guru courses out there.

 

Best of luck and be genki,

 

Tenguzake

[MatthewQi]

Yoda,

 

I think real estate is a great investment when done at the right time. Right now many people are starting to say that the bubble is going to burst - like the dot coms. By the time everyone thinks it is a great idea, it is too late. Everything goes in cycles and I am sitting on the side lines for now until the cycle goes the other way.

 

Just my thoughts.

 

Matt

[Yoda]

Cool Guru Rating site! It looks like my friend's guru comes out with a "recommend" label--that's good. Columbia, SC isn't a very exciting market, but I don't have to worry about timing for that reason. It seems that real estate investment if done long term is reasonably safe. I'd rather start as low on the food chain as I can! Keeps things low-risk.

 

-Yoda

[RON JEREMY]

MAKE $$$!!! CLIK HERE!!!!!!!!!THATS HOW I USED TO PAY FOR DOPE BEFFORE GETIN MARIED TO A WORKIN WOMAN!!!!!!!!!

[MatthewQi]

Ron,

 

So you did this for how long?

 

It seems like you can't do it for long as they only allow 10 children to be born from your sperm. Pretty wierd to think that you could have children out there - anyway - I would have a difficult time with that. Since I have a vasectomy and am married with 3 children, don't have to worry about it. Interesting that 50 - 90% of donors are dropped beacuse of low sperm count, wow!

 

My only question is, did they have good porn in the collection room? lol

 

Matt

[sean]

I've been tentatively interested in getting involved in real estate investing for about a year now. Yoda, do you have any suggestions on how to start out with this? Should I take a local course that offers the opportunity for a real estate license? I guess step one would be moving from the Bay Area, jesus.

[Tenguzake]

My advice would be to go ahead and take your state's RE licensing course. It will be cheaper than one of the RE guru seminars and it will give you a decent idea of basics and what the laws are. In Florida you can do the licensing course for about $250 over the web or on CD ROM. The state exam costs about another $150. Once you have the license, you can apply your split of commision when you buy a property to the down payment which reduces the amount of cash you need upfront for the purchase.

 

I'd be sceptical of most of the no-money-down stuff out there. Some of it is possible and even legal, but RE is hot enough in most places that there is no incentive for a seller to accept a second mortgage when there are often several cash offers available.

 

If you decide you want to do this stuff professionally, check out the education program offered by the CCIM institute. http://www.ccim.com/ In my opinion you'll get a hell of a lot more out of that than any guru seminar.

 

Good luck,

 

Tenguzake

[Yoda]

Maybe one could donate sperm as a down payment??? Then it wouldn't be "nothing down" would it? You'd need to find a very motivated seller, of course!

 

Sean, I'm a bit more Mom and Pop for the ccim thing, but I'd head to the library and spend a few weeks reading up on the subject to see if you want to get into it.

 

-Yoda

[peter falk]

y'all wanna invest n real estate, try shenzhen, shanghai or beijing. sheeyit!

[Yoda]

Maybe we could all chip in for a down payment on something fun in Beijing!

 

 

You have to be at least 5'11" though... at 5'10" nobody seems to want my swimmers, but perhaps the Chinese don't have the same height requirement.

 

-Yoda

[peter falk]

Maybe we could all chip in for a down payment on something fun in Beijing! 

You have to be at least 5'11" though... at 5'10" nobody seems to want my swimmers,

5356[/snapback]

 

but you're so good-looking!

[BobD]

... at 5'10" nobody seems to want my swimmers

5'10''? You don't look that tall. That must be measuring from ear to ear right?

[Yoda]

I've been known to wear stilts under my robes when on the prowl.