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Forum
-> Inquiries & Offers
-> Lakewood, Toms River & Jackson related Inquiries
mommy1000
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Sun, Feb 26 2023, 9:25 pm
amother Vanilla wrote: | Jealousy much? We saved up to buy a small piece of RE with our hard earned money. It took years of sweat, so thanks for your assumptions.
I actually know many people who did like we did, nothing to do with their Totty. |
I second this!! All my real estate is my own. Nothing from Totty.
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amother
OP
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Sun, Feb 26 2023, 9:26 pm
sarandipity101 wrote: | Haha I beg to differ. I have lots of properties but have a hard time finding funds to fund them. |
Then how do you already have them? Don’t you need the funds before you close?
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amother
Aconite
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Sun, Feb 26 2023, 9:27 pm
sarandipity101 wrote: | Both definitely bring wealth. Many people prefer passive investing due to time constraint in managing the deals. |
sure its possible.. I'd suggest speaking to someone IRL that has done this already and was matzliach.. hatzlacha
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mommy1000
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Sun, Feb 26 2023, 9:27 pm
amother OP wrote: | Obviously that’s a lot easier… more passive… but can it really build wealth?
All the young millionaires are probably the syndicators not passive investors.
They all make it seem so easy |
Absolutely! Investing your funds with high rates of return can bring you cash flow and wealth.
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amother
Aconite
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Sun, Feb 26 2023, 9:28 pm
sarandipity101 wrote: | I second this!! All my real estate is my own. Nothing from Totty. |
same here!! I still rem the first property we bought... we had a red line and wouldn't touch that savings account... it wasn't easy!
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amother
OP
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Sun, Feb 26 2023, 9:28 pm
amother Aconite wrote: | sure its possible.. I'd suggest speaking to someone IRL that has done this already and was matzliach.. hatzlacha |
Sure what’s possible?
We’ve tried speaking to people but with the exception of one kind individual generous with his time, everyone else laughed us away. Ouch!
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mommy1000
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Sun, Feb 26 2023, 9:28 pm
amother OP wrote: | Then how do you already have them? Don’t you need the funds before you close? |
Yes, funds required to close! Getting the funds in place is my biggest hurdle.
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amother
OP
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Sun, Feb 26 2023, 9:30 pm
[quote="sarandipity101"]Absolutely! Investing your funds with high rates of return can bring you cash flow and wealth.[/
What is considered a high rate of return?
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amother
Wheat
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Sun, Feb 26 2023, 9:30 pm
amother Vanilla wrote: | Jealousy much? We saved up to buy a small piece of RE with our hard earned money. It took years of sweat, so thanks for your assumptions.
I actually know many people who did like we did, nothing to do with their Totty. |
I work in health care and am not jealous at all. I work very hard as well. It’s not a contest. You seem to take this as a personal attack. Not sure why. I live in a neighborhood full of people whose fathers bought their houses and employ them and whatever.
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amother
Silver
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Sun, Feb 26 2023, 9:30 pm
I second the owners class. My husband is taking the course now, they literally teach you everything
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amother
OP
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Sun, Feb 26 2023, 9:31 pm
amother Wheat wrote: | I work in health care and am not jealous at all. I work very hard as well. It’s not a contest. You seem to take this as a personal attack. Not sure why. I live in a neighborhood full of people whose fathers bought their houses and employ them and whatever. |
Truthfully most of the people I’m thinking of, their fathers do this on a larger scale, or their older brothers…
But there are many self starters as well
We’re in our 30s and feeling like we missed the boat
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amother
OP
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Sun, Feb 26 2023, 9:32 pm
amother Silver wrote: | I second the owners class. My husband is taking the course now, they literally teach you everything |
What’s the cost and time commitment? Is it a lot more material than the one day class?
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mommy1000
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Sun, Feb 26 2023, 9:32 pm
[quote="amother OP"] sarandipity101 wrote: | Absolutely! Investing your funds with high rates of return can bring you cash flow and wealth.[/
What is considered a high rate of return? |
Everyone has different benchmarks. What is high for one person is low for another person.
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amother
Vanilla
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Sun, Feb 26 2023, 9:32 pm
amother Wheat wrote: | I work in health care and am not jealous at all. I work very hard as well. It’s not a contest. You seem to take this as a personal attack. Not sure why. I live in a neighborhood full of people whose fathers bought their houses and employ them and whatever. |
Employ them doesn’t mean giving them free real estate. Stop with the assumptions.
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mommy1000
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Sun, Feb 26 2023, 9:32 pm
amother OP wrote: | Truthfully most of the people I’m thinking of, their fathers do this on a larger scale, or their older brothers…
But there are many self starters as well
We’re in our 30s and feeling like we missed the boat |
You def didnt miss the boat! Jump on the wagon
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amother
OP
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Sun, Feb 26 2023, 9:32 pm
sarandipity101 wrote: | Everyone has different benchmarks. What is high for one person is low for another person. |
All the deals I am seeing are about 8% which ends up being similar to the stock market
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amother
OP
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Sun, Feb 26 2023, 9:33 pm
amother Vanilla wrote: | Employ them doesn’t mean giving them free real estate. Stop with the assumptions. |
Even just taking their smaller sums, or their friends’ smaller sums is huge. Many of these big guys won’t look at a number less than 200k unless you’re their child or brother.
Which they should do for family, I would do the same, I wish I had a parent or sibling who couldn’t help me get started
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mommy1000
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Sun, Feb 26 2023, 9:34 pm
amother OP wrote: | What’s the cost and time commitment? Is it a lot more material than the one day class? |
As much time as you give it, the more successful you will be. The one day class is a teaser. The course teaches it all.
You need to be self motivated in order to succeed. If you are not self motivated, dont waste your $
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amother
Silver
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Sun, Feb 26 2023, 9:34 pm
amother OP wrote: | What’s the cost and time commitment? Is it a lot more material than the one day class? |
Its approx $12k, depending on the payment plan you choose. You need to put in an average of 6-8 hours a week.
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mommy1000
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Sun, Feb 26 2023, 9:44 pm
amother OP wrote: | All the deals I am seeing are about 8% which ends up being similar to the stock market |
8% is on the lower end imho. My deals all yield higher rates of return than that. But thats why I said everyone needs to make financial decisions based on what rates of return theyre looking for.
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