patrick.net

komputodo says

Eman says

This is my real estate trustee mentor.

For a minute I thought it was Nicklaus.

I guess you’re referring to Nicklaus the golfer? My trustee sale mentor used to own a golf course. He sold it in 2001 and retired. He learned his trustee sale craft from attorney Ward Hannigan in SoCal.

Ward used to have a forum where his students asked questions and answered anything trustee sale related. I read up the entire forum and the archive. I was going to take the course from Ward ($5k for a one on one weekend coaching). My mentor said let’s have a chat before I sign up. He spent 2 hours 40 minutes on the phone with me, answered all my questions and shared all the nitty and gritty of the trade. I was free to roam after that and call him if I stumbled across any difficulties. 😁

GNL, saw this post on Quora and thought of your post. 441% return since 1987 and 207% return since 2008-2009 housing crash. Apply the ROI by a factor of 4 assuming 25% down payment. This doesn’t include the increase in cash flow over the years. Has rent gone up 3-4x since 1987? Has rent gone up 1.5-2x since the 2008-2009 crash?

The assets bought in 1987 should be free and clear by 2017 if one didn’t do anything with it. What if the owner repositioned the asset a couple times during the ownership to acquire a couple more properties? When doing this in real life, it’s like the monopoly game.

My ROI since the housing crash is not 207% times 4. It’s by a much bigger multiplier since I’m a value add investor. I wanted my seed investment back within 6 to 12 months so I could keep acquiring. It can be a lucrative investment/biz for someone who is driven, dedicated and likes this line of wealth building. It’s like tree planting. One time effort for many years/decades of fruit harvesting.

https://www.quora.com/Is-real-estate-a-viable-option-to-accumulate-wealth/answer/Patryk-Wlodarski?ch=15&oid=1477743634679422&share=3906e9f3&srid=hK5Qu5&target_type=answer