[kylermriceParticipant@kylermriceJoin Date: 2011Post Count: 314]

February 28, 2014 - 9:50 pm

Crypto currencies are a long way from meeting any of these requirements at this stage. Until they do buying into them is simply shooting dice at the casino.

That's why I mine them, already had the computers laying around.  Sure beats mining for precious metals.

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February 27, 2014 - 2:20 pm

Whole point of a crypto currency is that it's secure supposedly.

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February 27, 2014 - 8:44 am

going to have to come back to this one, to much to type tonight to get caught up in this discussion.

@freckle

disregard my comments in the other post.  I can continue the discussion here.

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February 27, 2014 - 8:42 am

Tech is the future, just need a reset in the states to get rid of the Fed and big gov!  Killing this country!

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February 27, 2014 - 8:29 am

Appreciation is a trickier game to play than just cash flow.  If you know your areas well and can find some niche area's transitioning or gentrifing.  You can see about the same money in appreciation as you would in a year of rents.  It's not "hoping" if you know how to play your cards.

@freckle,

How you feeling about crypto currency?  Read an article about a guy that sold his summer house for crypto currency today.  

I had good run with bit coins, bought $200 dollars worth at $5 last year.  Sold them before Christmas when they were worth more than gold and bought a house.

I'm currently mining several types of currency, lite coin being the most profitable at the moment.  Would be interesting to see when the industry would start taking crypto currencies. 

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February 27, 2014 - 8:10 am

I would stay well away from Kyler Rice. His way of "helping" me was to place a squatter in a home that I foreclosed on and that was the last I heard of him.  Similarly, Alex Franks from Charlotte, South Carolina.  I lent this guy money and finally had to foreclose on him when he couldn't sell the property.  Not an apology, email or word from him since. Has taken off to NY now.  Probably has a lot of investors chasing him.  The only one I would trust would be Jay Hinrichs whom I have met personally and have a lot of respect for.

What a joke, this is coming from a guy that got burned by "John Patchin"  David has no real clue as what we has doing as a investor!  I never ever asked for a dime from this guy!  I try to find him a rent to own scenario, and he calls the guy a squatter when the house isn't even rentable.  John took the rehab money and split!  I'm glad i didn't help you out anymore than i had David!  

Of course your pimping Jay!  Your flogging his stuff to your "mates"

I'm going to put a lean on your house now!  What an ungrateful punk!

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March 1, 2013 - 10:01 pm

I buy them in the cities i work in and will partner with other people that work there markets.  We do it mostly for rentals but if we can get them with clean title's with no liens they can be great money makers.  Currently getting some deals from a fellow that bought some cheap properties in 2008.  These are tax sales, haven't worked with the actual lien note aspect.

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March 1, 2013 - 8:06 pm

Ok….

Google is high, so you sell when your stock is high.  First thing I learned when i got into trades.  Google are tech genius's, they can adjust and come back strong. Computer driving cars, gig a second fiber, google glasses, Android platform, street view.  

The economy will be flat to slow till the housing market comes back.  It's what caused this mess. 

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March 1, 2013 - 4:15 pm

I guess your saying you want 15 graphs and a couple case studies with hard facts for you?

The example I listed above shows that prices have went up, there are more buyers.  Over seas investors now have more competition as the hedge funds and US buyers come back.  

I would like know why the OZ investor is tapping equity in there homes there to buy portfolios here?  Even there super funds.   

Fundamental's, how about experiencing it .  

What fundamental's are you talking about Freckle?  low unemployment, I know we are doing a heck of a lot better than Spain.

As far as the cities that i am in, they are all doing better than 2008.  New businesses and commercial is starting to boom again.  You just have to see it to believe it, you can see all the hospitality industry come back and cut down the unemployment.

I'm going to try and find some studies and graphs, some really left one's that support the gov's numbers, lol.   

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March 1, 2013 - 3:46 pm

Just post it here.  Last time that happened Freckle blasted a lady, trolled on her hard  Wonder if i could still find that?

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February 27, 2013 - 9:38 pm

And what would they be then??

The Freckle

Well properties aren't as cheap as they where in 07-08.  Used to buy brand new in Florida for 35,000 back in the day, now your lucky if you can get something close to that for 100,000. 

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February 27, 2013 - 9:36 pm

We aren't going broke….. 

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February 27, 2013 - 9:26 pm

10k is a bit light, but more around 15k and you can make it cash flow nicely for around 500 to 600 a month.  B/C class type of property.

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February 27, 2013 - 9:22 pm

Ah Freckle and Shanin, 

Let young Engelo tell you his greet experiences, I have heard some great stories from his business partners.  What a crazy fellow he is!

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January 31, 2013 - 7:10 am

Update:

Flipped the above mentioned four unit for a profit of 42,000!

How's that for a flip with a 26,000 purchase and 10K rehab

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January 7, 2013 - 8:53 pm

LOL, u guys are to much sometimes.  I got replies for both of you.  Been MIA with my wedding and honeymoon

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December 18, 2012 - 4:37 pm

Nothing speaks more volume than to just let somebody talk to a partner that you work with from the same country.

What kills me is the people that ask tons of questions and never intended to buy and just wanted to squeeze you for knowledge

Aussie spruiker, lol.

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November 28, 2012 - 7:46 am

Bet it all on the black!  I always do

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November 28, 2012 - 7:24 am

@ Alex

Had heard he was in town, I hadn't talked to him much since last spring.  He partnered up with a friend of mine and has been selling C class properties.  I generally keep the C's for myself

Word of mouth does spread fast!  I'm to the point i can't keep up with how much my partners want todo.  Have a group coming late January and i heard something about hedge fund, lol.

Flips are good money.  But you really have to know what your doing.  I got into the market right at collapse and relized quickly the prices i thought i could sell things for wouldn't be back for a long time.  Cash is king though and i have almost all my capital back from that first batch of flips that became rentals.  Passive income (rentals) > Flips  All my flip profits goes into buy and hold A class properties, historic homes.  I don't care about new homes, i can build those when building is cheaper than rehabbing. 

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November 26, 2012 - 5:40 am

Thanks Ziv,

We should do a flip, then you can tell the people you forwarded

lol, joking. 

All the weasal got was some time and i didn't really didn't lose any money.

There really isn't to much risk even for the money man, all rent is paid to him until sale of the flip.  Longest flip i had to hold until sale was 4 months that involved a partner.  I prefer to hold them a year and let them cash flow and then sell them as they are then considered an investment gain compared to taxable income. 

Question for the masses.  Is a rental with 15 net cap returns a good enough investment?