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Looking at Opportunity to become FedEx ISP
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<blockquote data-quote="dmac1" data-source="post: 1870302" data-attributes="member: 60252"><p>You seem very angry!!!!!!!</p><p></p><p>I am having a blast posting here and seeing your feeble responses attacking me personally while having no response to my points. I haven't attacked anyone's personality, even yours. And you see some need to misquote me. A recession is a good time to buy real estate. A lot of people need to sell, or face foreclosure. However, I don't work with foreclosures. I like properties with hidden value, like the ability to develop the property, or subdivide, or make alterations that add instant value. If I find a rental property like a small apartment complex with lower than average rents due to deferred maintenance, I can add value easily two ways at once. Doing the deferred maintenance increases the property value. Then on top of that, a well maintained apartment rents for more, increasing the value of the building even more. I never had to evict anyone,in poorly maintained complexes, turnover is high, allowing me to improve 1-2 units at a time. Took me just over 1 year to increase a property from $320k to $480k. Took $8k per unit, six units, and about $30k in closing costs to make about $80k before taxes. While doing the rehab, the rented units were enough to pay the bills.</p><p></p><p>More recently, bought a property, 3 acres with a dilapidated mobile home on it for $32k. Had well, power, and septic already. Had a home built for $85k plus about $15k in permits, etc, then sold it for $165k. Only about $30k in profit, but I did no labor. Found it by spending time on the internet and recognized the potential- hidden value that I like. I had to put cash out to buy that property- it wasn't financeable. And the $15 k was out of pocket too. But the building cost me nothing out of pocket with a construction loan, so a $45k out of pocket 'risk' earned me $30k in about 8 months.</p><p></p><p>I never said I was special, which seems to be the claim of ISPs, who constantly claim that it takes someone special to do what they do. Anyone can do what I have done, and anyone can be an ISP if that is what they want.</p><p></p><p>And I didn't screw anyone- the property had been on the market a long time, and the sellers were going to lose the home they wanted to buy. . And you apparently missed the part where I replanted, and in fact planted nearly twice as many trees as were harvested. The property now eleven years later looks fantastic, and is healthier and absorbing more CO2 than the fully grown trees were absorbing from the atmosphere. I am actually helping with global warming!!!</p><p></p><p>And good for you making 400-500%. If you can do that, it is a much better investment than buying a job at fedex ground. You should see the logic in that.</p><p></p><p>But you really need to read what I post more carefully if you are going to reply, and try not to misqote me or make assumptions in your own little world about what I do.</p><p></p><p>And I repeatedly have stated that anyone could do what I do, it isn't hard, just takes a little experience and educating yourself on real estate values. And I am retired and not even 60, so I don't think 'old and retired' applies to me. You need to quit thinking that you are 'special' because few can do what you do. Anyone willing to put up with fedex, go through the hassle of having employees, and risking their investment dollars can do exactly what you are doing.</p></blockquote><p></p>
[QUOTE="dmac1, post: 1870302, member: 60252"] You seem very angry!!!!!!! I am having a blast posting here and seeing your feeble responses attacking me personally while having no response to my points. I haven't attacked anyone's personality, even yours. And you see some need to misquote me. A recession is a good time to buy real estate. A lot of people need to sell, or face foreclosure. However, I don't work with foreclosures. I like properties with hidden value, like the ability to develop the property, or subdivide, or make alterations that add instant value. If I find a rental property like a small apartment complex with lower than average rents due to deferred maintenance, I can add value easily two ways at once. Doing the deferred maintenance increases the property value. Then on top of that, a well maintained apartment rents for more, increasing the value of the building even more. I never had to evict anyone,in poorly maintained complexes, turnover is high, allowing me to improve 1-2 units at a time. Took me just over 1 year to increase a property from $320k to $480k. Took $8k per unit, six units, and about $30k in closing costs to make about $80k before taxes. While doing the rehab, the rented units were enough to pay the bills. More recently, bought a property, 3 acres with a dilapidated mobile home on it for $32k. Had well, power, and septic already. Had a home built for $85k plus about $15k in permits, etc, then sold it for $165k. Only about $30k in profit, but I did no labor. Found it by spending time on the internet and recognized the potential- hidden value that I like. I had to put cash out to buy that property- it wasn't financeable. And the $15 k was out of pocket too. But the building cost me nothing out of pocket with a construction loan, so a $45k out of pocket 'risk' earned me $30k in about 8 months. I never said I was special, which seems to be the claim of ISPs, who constantly claim that it takes someone special to do what they do. Anyone can do what I have done, and anyone can be an ISP if that is what they want. And I didn't screw anyone- the property had been on the market a long time, and the sellers were going to lose the home they wanted to buy. . And you apparently missed the part where I replanted, and in fact planted nearly twice as many trees as were harvested. The property now eleven years later looks fantastic, and is healthier and absorbing more CO2 than the fully grown trees were absorbing from the atmosphere. I am actually helping with global warming!!! And good for you making 400-500%. If you can do that, it is a much better investment than buying a job at fedex ground. You should see the logic in that. But you really need to read what I post more carefully if you are going to reply, and try not to misqote me or make assumptions in your own little world about what I do. And I repeatedly have stated that anyone could do what I do, it isn't hard, just takes a little experience and educating yourself on real estate values. And I am retired and not even 60, so I don't think 'old and retired' applies to me. You need to quit thinking that you are 'special' because few can do what you do. Anyone willing to put up with fedex, go through the hassle of having employees, and risking their investment dollars can do exactly what you are doing. [/QUOTE]
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