If it is from public sites, please provide links. Many folks didn’t tell you that they have been adding money or their real money spinning is from e.g. Rich dad poor dad. For example, one of my ex-colleague went into private equity, and become rich not through successful business investment, is by other ways. Allow me to illustrate,
say you start a company with $100k capital and 100k shares, invested in a business venture that is increasing revenue for a few years. Now you can ask investors to pour money in… each share $20. Say, you manage to sell 50k shares to them i.e. $1 mil You turn $100k to $2 mil!!! but not because of the business venture per se.
Exactly. And yet you assume after you sold one property, you can get an ideal property immediately. And can do that many times. For all we know, could be months or years later, is not that easy to win a bid… try bidding and see for yourself. Your method for leveraged RE investment is the same as what stock traders thinking of… buy low sell high, buy low sell high, then you make a lot more than just buy and hold.
You never sell. Buy 1 at 250k in wsj in 1996. Cashout 200k in 1999. Buy 2 more 500k houses in 1999. Cashout 600k from 3 houses in 2007. Buy 10 houses in 2011.
In 2013 cashout 2M from 13 houses and buy 10 more. In 2015, cashout another 1M from 23 houses and buy 5 more. Your 28 houses should give you 200 times return.
I told you many times it won’t work. Is a dream just like a trader’s dream. Why don’t you put in numbers, real constraints and your psychology in decision making.
I trying to do the same with house flipping. So far unsuccessful. My net worth increased tons more from buy and hold stocks and real estate than doing flips. Therefore, house flipping is my hobby. Stocks and rentals are my bread and butter…
I am advocating never sell and buy only. You only need to cash out whenever you get a 50% to 100% appreciation, and buy whenever you find a positive cash flow in a location you favor. Flipping is not allowed.
Well, I think I have told you at least half a dozen times. Why don’t you tell me how to buy 10 houses in WSJ in 2013 without affecting the market price of next property after the previous buy, and you can always get reasonable price for the property and don’t have to compete with maniac over-paying buyers.
Are there that many inventory in WSJ?
As I said, put in the real data and see for yourself. You can get the past records from MLS or Redfin.
I give up explaining to you. Put in the real numbers to verify your strategy. The way you talk, buying houses is like buying toilet paper, as easy as ABC and banks would lend you money, no question ask. I have to wonder, what is the effective LTV, is it even possible. Did you compute that?
I am not familiar with CCC market. Hanera is picky,
I believe the 4 counties is big enough for him. I can’t believe he wanted to buy all 28 houses in wsj.
Majority of CCC is not fronting bay. But it’s definitely the #5 county in BA.
Twitter is a big ass loser. Sell sell sell! It’s never to late to sell losers because they will keep on losing.
Contrast twitter with Facebook. They both have the Russian infiltration problem. Mark Z came out wielding the ax and did this and that to fix the problem in a very public way. What did jack do? Nothing.
One is winning and one is losing. Side with the winner.
You turn $100k to $2 mil!!! but not because of the business venture per se.
