User
Write something
The Discount
We learned about discounts as children going to the grocery store and the whole concept of coupons. .25 cents off this and that, 2 for 1 offers etc. Maybe the grocer had too much inventory of an item so they marked it down for a few days. People run around town chasing discounts at various stores and do without items until it "goes on sale". Imagine if we took that dedication of finding and chasing "the discount" and applied it to high ticket items like real estate. Why would these high ticket items ever sell at a discount? This is the Multi Million dollar question! Real estate is a very illiquid item. Some properties can sit on the open market for sale for months and months even if it is at a discount to its appraised value. Availability of credit usually determines the overall real estate market. Tons of capital floating around tends to move pricing higher while tight credit forces the pricing much lower as we saw in 2008-2012. We have experienced excess capital availability in recent years driving real estate markets much higher. There are still discounted properties out there because of individuals' personal situation, and that is what we want to look for. I found a software that does exactly that, it filters for properties that have events coming due. Let's say filter for commercial mortgages coming due that have an existing balance like a balloon payoff with a very low existing interest rate. That event could trigger a properties' distress in securing a new mortgage to satisfy the existing payoff coming due. The higher interest rates today could also add to the situation. The bank with the payoff coming due has to make a decision. Foreclose on the property if the owner can not secure financing or extend the current loan into the future, or provide financing through a refinance at a lower rate the borrower can afford below current potential rates. Most banks are playing "extend and pretend" for now. The software I found is kind of expensive but gives me very important data. I am thinking about getting a few of you together to cover the monthly subscription.
I just got this yesterday
I invited @Adam Vester into this retirement club and this was his initial first response "Hey Mike Just joined but I don’t think I’m a perfect fit for your community. I haven’t really started to think about retirement yet. I feel like I’m too young for that😅" Now I don't know Adams age but his response is very typical for someone in their teens, 20's or 30's. Imagine for a minute you have this young man just starting out in pursuit of entrepreneurship surrounded by retirees with retirement accounts and everyone looking for things to invest in like new business startups, business expansions, software development Skool community buildouts. All of these things take money to make it happen, investment money that is available in our retirement accounts. I know I have money earmarked for my favorite investments, waiting for them to appear. I also think ...what if I did start to play around with assets that throw off cash flow when I was 20 years old? What if I started to create multiple streams of income? Some passive some active? Welcome everyone to Cash Flow Retirement!
Quit your 9-5 daily job
I’m a dropshipping expert—I help people start and grow their own online stores, even with no experience. Are you just thinking about starting, or have you already made a move? 📩 Send me a message if you're ready to learn how to build your dropshipping business the right way.
Who is using a Self Directed IRA?
Drop a comment below. This is truly important
Benefits of Fasting!
Going for 72 hours, 24 in so far Ha! Wish me luck Have you ever fasted on purpose?
1-23 of 23
Retirement CASH FLOW
skool.com/retirement-cash-flow-
Retire wealthy with multiple streams of income! Build these streams one by one. Get one going then work on the next. NO: stocks bonds mutual funds!
Leaderboard (30-day)
Powered by