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#31
08-22-2007, 05:08 PM
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Re: Real estate brag...
[ QUOTE ]
[ QUOTE ] OP needs to take some steps to ensure that he has enough back up liquidity, just in case. Set up a company and get as much unsecured lines of credit approved now in case you have cash flow problems in the future. [/ QUOTE ] Nah, he knows it's a "great investment" because he studied. No need for a backup plan. [/ QUOTE ] Yeah lol at that studying he did. Even if he has a backup play that will fail. So he needs several backup plans or his life might be ruined and he will kill himself. 
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#33
08-22-2007, 05:31 PM
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Re: Real estate brag...
[ QUOTE ]
[ QUOTE ] OP needs to take some steps to ensure that he has enough back up liquidity, just in case. Set up a company and get as much unsecured lines of credit approved now in case you have cash flow problems in the future. [/ QUOTE ] Nah, he knows it's a "great investment" because he studied. No need for a backup plan. [/ QUOTE ] So tell us, was it the better "investment" hiding in your mom's basement all your life? No, that probably isn't right. You are probably just a bittered old guy stuck in the rat race. Entertaining, though [img]/images/graemlins/wink.gif[/img] Good work and good luck OP!
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#34
08-22-2007, 05:37 PM
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Re: Real estate brag...
[ QUOTE ]
[ QUOTE ] So how do you know it's a great investment? What if the tenant moves out and it's empty for a few months? What if it gets trashed by a bad tenant? What if it doesn't appreciate like you think it will? These things aren't possible? [/ QUOTE ] so is him dying in a car wreck tonight...sometimes stuff just happens and there's nothing you can do about it, but usally a smart investor at least prepares to the best of their ability for a misfortune. congrats at starting at 20...and congrats at ACTUALLY starting, I talk to so many 20-30 year olds that "want to start" but never do. Trust me, it gets SOOO much easier from now on. Actually buying the first place is BY FAR the hardest part. [/ QUOTE ] Thanks for the support and advice, i actually remember a bunch of your threads where you talked about projects you were working on and found it quite motivating so hopefully i will work towards getting more knowledgeable about real estate.
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#35
08-22-2007, 05:39 PM
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Re: Real estate brag...
[ QUOTE ]
[ QUOTE ] OP needs to take some steps to ensure that he has enough back up liquidity, just in case. Set up a company and get as much unsecured lines of credit approved now in case you have cash flow problems in the future. [/ QUOTE ] Nah, he knows it's a "great investment" because he studied. No need for a backup plan. [/ QUOTE ] jealous much? seriously dude, you sound like the guy who sitsthere and talksabout how "great they'd be if they had money to invest" and how "awesome their porfolio would be" etc. etc. Thing is, you're broke and probably suck at life...stop hating.
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#37
08-22-2007, 06:59 PM
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Re: Real estate brag...
[ QUOTE ]
[ QUOTE ] [ QUOTE ] OP needs to take some steps to ensure that he has enough back up liquidity, just in case. Set up a company and get as much unsecured lines of credit approved now in case you have cash flow problems in the future. [/ QUOTE ] Nah, he knows it's a "great investment" because he studied. No need for a backup plan. [/ QUOTE ] jealous much? seriously dude, you sound like the guy who sitsthere and talksabout how "great they'd be if they had money to invest" and how "awesome their porfolio would be" etc. etc. Thing is, you're broke and probably suck at life...stop hating. [/ QUOTE ] LOL, you don't get it, do you? Keep being a "baller." When you grow up you might, just might, get it.
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#38
08-22-2007, 07:09 PM
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Re: Real estate brag...
sum1s life didnt go according 2 plan=/
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