Investing 102

[Vegas69]

Originally Posted by GregWeld

It always amazes me when discussing our hobby with people... how many people are trying to build a 100K car on a 75K salary. I shake my head to try to clear out the cobwebs hoping I didn't hear incorrectly. I just paid 15K to the upholstery shop for Rudys Camaro... and I wonder how long it would take for someone to "save" this amount... and how much it would EARN if put into something important vs upholstery!

I just read that people are once again using their homes as piggy banks... there were numbers to back up the claim.

I find this absolutely STUNNING.... apparently "we" never learn from our past mistakes.

There are alot of folks in this country that are in for a real rude awakening. The grey poupon mindset of the average American that doesn't want to work for it spells some real touble in THEIR lives.

If you change, everything will change for you. Things have changed one hell of alot in the last 10 years. You have two choices, regress with the same mentality you had when things were to easy OR progress through adaptation, education, become more economical, better time management, and ultimately, separate yourself from your competition.

To many wish things were the same as they used to be. Not going to happen...
That's just my humble opinion.

Originally Posted by Tony_SS

Nice going Todd... well done!

Thank you Tony!

Originally Posted by slow4dr

Congrats Todd! How long had you been shopping/making offers before you found this one?

I would be all over doing another rental but the competition is fierce is my area. I can't compete with the cash buyers.

On a side note: I check Redfin daily for new listings. I have noticed a number of instances where I get an e-mail for a new listing but it already shows as "Pending" even though the actual listing date is old.

Both I bought this year were in house deals. Number on was a listing of my brokers that never hit the market. This one was a referral from a past client of mine and I bought it. We put all the paperwork in my team agents name and processed his short sale. He's extremely happy and so am I.

I'd find a local agent that slings some business in a productive office and tell them to go shake some hands.