Comments on: The $7million Real-Estate Question

By: Flipping / flopping? « How to Make 7 Million in 7 Years™

Flipping / flopping? « How to Make 7 Million in 7 Years™ — Fri, 18 Jul 2008 16:48:06 +0000

[...] (coincidentally, another 7 Millionaires … In Training! Final 30 applicant) who used a recent post to ask me a question about ‘flipping’, which I have never done [...]

By: Which side of zero to gear? « How to Make 7 Million in 7 Years™

Which side of zero to gear? « How to Make 7 Million in 7 Years™ — Wed, 16 Jul 2008 08:12:06 +0000

[...] of weeks ago I wrote a pair of articles about real-estate: the ‘$7million Real Estate’ Question and [...]

By: AJC

AJC — Wed, 18 Jun 2008 05:50:08 +0000

@ Mark – I’ve only read one of his books … can’t remember which one. Was Ok, but not earth-shattering. I’ve also read at least 3 or 4 of his ‘recommended’ readings from his ‘ratings’ page with mixed feelings. Finally, he doesn’t like Dave Lindahl (although, he admits that he hasn’t even read his books), but I do!

By: markwws

markwws — Wed, 18 Jun 2008 03:59:02 +0000

There are a lot of books, real estate gurus, real estate training companies out there. Who is the real deal? I remembered that there is a link to John T Reed’s real estate guru reviews. Do you recommend his books?

By: | Fiscal Musings

| Fiscal Musings — Thu, 12 Jun 2008 21:36:13 +0000

[...] I have an interest in real estate, I found these two articles informative. I’ll call them number 1 and number 2. They’re both from the same blog and someone who has made a lot of money in real [...]

By: AJC

AJC — Wed, 11 Jun 2008 21:58:23 +0000

@ Jeff – Once the money is in your hands, it’s YOUR money. Having said that, paying off princple early is one RE strategy that can work quite well – it’s one that I have used myself.

By: Jeff

Jeff — Wed, 11 Jun 2008 20:50:51 +0000

AJC,

I’m planning on much of the principle reduction to be done by my renters, so I’m willing to accept some of the limitations that come with it, because it’s someone else’s money. You’re right, the equity does kind of get locked into the property, but I’ll pull that out either at the time I decide to trade up by selling the property or better yet by refinancing the property and leveraging up a bit.

I can’t wait to get started on this phase of my investing career.

By: AJC

AJC — Wed, 11 Jun 2008 19:28:47 +0000

@ Luis – good questions … and, they deserve a f/u post, don’t you think

PS Diarize for 45 to 60 days and contact me if you don’t see a response within that period.

By: Luis

Luis — Wed, 11 Jun 2008 16:24:56 +0000

AJC:
How close to positive is close enough? How do you calculate against vacancies?

Should we expect 2 months out of the year which we would have to pay the entire mortgage?

Lastly, would you stay away from areas that are under rent control laws?

Luis

By: The $7million Real-Estate Rule « How to Make 7 Million in 7 Years™

The $7million Real-Estate Rule « How to Make 7 Million in 7 Years™ — Wed, 11 Jun 2008 13:07:42 +0000

[...] AJC Live!! « The $7million Real-Estate Question [...]