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Originally posted by GVMOORE:
100000 shares of NCDP @ .01 =$1000. 100000 shares @ 1.00= $100000.
Who said pennies don't make dollors. IN and long. My pump for the day.

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Posts: 629 | From: new england | Registered: Feb 2005  |  IP: Logged | 

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Originally posted by bmaxingout:
hi all i was just reading on the idea of trailer parks.and i have one park and one small housing development
the park currently has 27 trailers on a 10 acre lot
the housing devlopment has ten ranch style homes each on a 1/4 acre lots and both are fully rented out
the cash flow from the trailer is about 3x higher then the housing devlopment
the housing devlopment after five years is now worth nearly 10x more then the trailer park per acre.
the park did provide good revs and cash flow while building the homes.i will now be selling off the trailers and building more three bedroom two bath ranch style homes and renting them out.

what i learned is in the long run the houses are the better deal
i went with trailers because of cash flow problems
bmax,

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Posts: 722 | From: Richmond, Va , USA | Registered: Mar 2004  |  IP: Logged | 

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Originally posted by Skyman:
A friend of mine was dating a girl who had a rich grandmother. The girl would receive the grandmother's money when the grandmother died. My friend used to recite that same joke, "you can marry more money in ten minutes than you could make in a lifetime."

There was only one catch. The girl and the grandmother were Jewish and they wanted my friend to convert to the Jewish faith also. "Do I have to wear the bennie thing too?" Yes, they said.

He wasn't to swell on the idea. Now, he was a die hard Cubs baseball fan. So he replied, "can I just tear the bill off my Cubs hat?"

I don't know if they ever married. The girl had 300 pairs of shoes also.

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Posts: 722 | From: Richmond, Va , USA | Registered: Mar 2004  |  IP: Logged | 

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Originally posted by macdrsirules:
Quickest way to become a millionare. Have good credit. Buy numerous houses that are undervalued, finance for the full value of the house, pocket the rest, finance using minimum payment option or interest only, (you can make either one with this loan), rent them out, incur approximately 12-30 percent monthly cash flow from each property which should exist with an interest only payment and subtract approximately 10 percent for non-payment or non-rental annually.

Keep in mind that your property most likely will be increasing in value even though your principal will stay the same.

One question for anyone investing in real estate for the purpose of renting a property as well as homeowners. If you had 300 dollars or more every month would you put it in a safe deposit box for thirty years and bury it in the ground? Of course not, you would put that money to work for you and so it would increase. Well that is exactly what most of us are doing, (including myself with one property), when we pay off our principal on our property. That money that is paid toward principal is basically put in a hole in the ground until the property is sold. Think about it for a minute, I know it is contrary to the American way, but it really makes sense to not pay off your principal.

In effect what you are actually doing when you pay an only interest payment is putting your own money into your pocket instead of toward your principal so you can increase its value with other investments as opposed to paying off your principal of your loan and gaining nothing during the term of the loan.

It really does make sense once you think about it. I am in the process of pursuing this idea at this time.

This post is simply my opinon. I will receive no reimbursement from anyone. The contact that I will now mention is indeed paying for my fishing tournament season but in no way has encouraged me to make this post. It is simply my opinon.

For further info about a minimum payment, interest only, 15 year, or 30 year mortgage,(you have the option of making any one of these payments every month.) Contact Jeremy Louder at First Option Mortgage.

972-432-2900

Tell him that the guy with the boat sent ya please!!

The numbers should look somewhat like this. Buy 20 houses for 110,000. Assume you have done good and bought these properties that are valued at 130,000. You now finance these properties for 130,000 and you pocket approximately 12,000 on these properties with no money down after fees,(this is realistic by the way). That is 240,000 bucks, we are almost 1/4 of the way there already! Now we rent out these 20 properties for 1,300 bucks per month,(or better yet for 650 bi-weekly, gets an extra payment per year hehe, we wont figure using this method but with monthly method). Your approximate payment for these properties will be around 850 bucks per month and that DOES INCLUDE escrow for insurance and taxes in most locations around here. Now lets assume you want someone to manage these properties for you at 10%. Your monthly cash flow is around 320 bucks per month for each property(management fees already taken out at 10%.) 320 bucks X 20 is 6,400 per month cash flow. Now subtract 15 percent for non-payment/non-rental/repairs. The net profit of all properties is around 5,440/month. Now lets make that annually for 10 years, (keep in mind that this does not include increasing rent ever 2 years). The grand total for 10 years is around 752,800 plus the 240,000 you made from the purchase of the properties. The total amount is around 992,800. You say, "but were not at a million just yet". Well now you can sell the properties that have grown in value conservatively from 130,000 to 160,000 and you sell for 150,000, which after fees will should net somewhere around 12,500 per property X 20 which equals around 250,000. So in ten years we could make over 1.2 million and have someone manage the properties to keep the headache to a minimum!!!!!

But wait there's more (lol), these numbers do not even include investing this money to make you more money!!(we dont want to bury it in the ground for these 10 years) Lets say you make 10 percent on this money and take away 35 percent for capital gains you now make around 21,000 more the first year. So after the first year you have about 336,000 instead of 315,000, I wont go into what the amount would look like from here as it is getting late and I need to get to bed but I think you get my drift. Your money greatly grows every year from the first year to the 10th year.

And yes I do live in a dream world, and I know for a fact that dreams do come true and this can become a reality.

Once again this is my honest opinion and I have every intention of pursuing this example I have given.

Nite all

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Posts: 722 | From: Richmond, Va , USA | Registered: Mar 2004  |  IP: Logged |