Hello Friend,

If this is your first visit to SoSuave, I would advise you to START HERE.

It will be the most efficient use of your time.

And you will learn everything you need to know to become a huge success with women.

Thank you for visiting and have a great day!

Here are my circumstances, how do I become incrementally wealthier?

CAPSLOCK BANDIT

Master Don Juan
Joined
Jul 29, 2020
Messages
754
Reaction score
558
Age
35
He's a phony.
I understand what you are saying, yeah he is running a business off the advice platform its shady.

But his knowledge of apartments online is a great crash course for somebody on why, for example, owning less than 11 apartments is not ideal, because 11 is the average number the units begin to become profitable vs. maintenance and renos..
Yeah, its a simple thing, but people will also try to sell you a single apartment like its not a money pit
 

RickTheToad

Moderator
Joined
Apr 21, 2018
Messages
4,182
Reaction score
2,811
Location
Bridgeport, CT
I understand what you are saying, yeah he is running a business off the advice platform its shady.

But his knowledge of apartments online is a great crash course for somebody on why, for example, owning less than 11 apartments is not ideal, because 11 is the average number the units begin to become profitable vs. maintenance and renos..
Yeah, its a simple thing, but people will also try to sell you a single apartment like its not a money pit
My side business is multifamilies in Greater Bridgeport, CT. Whereas, I invest and manage 3 - 6 unit rentals. They are bringing in a few hundred a door each month. Can I buy a lear jet? No, but I can live off that income; if needed.
 

7onriverI f

Banned
Joined
Jan 31, 2020
Messages
585
Reaction score
285
My side business is multifamilies in Greater Bridgeport, CT. Whereas, I invest and manage 3 - 6 unit rentals. They are bringing in a few hundred a door each month. Can I buy a lear jet? No, but I can live off that income; if needed.
stop being negetive. cardone has a jet. just pay for his fuel and you might get a flight in it.
 

RickTheToad

Moderator
Joined
Apr 21, 2018
Messages
4,182
Reaction score
2,811
Location
Bridgeport, CT
stop being negetive. cardone has a jet. just pay for his fuel and you might get a flight in it.
Apparently, he's having money problems and someone can buy it for 7 million.

 

image

"If you love women, you must read the SoSuave Guide to Women. It's fantastic!"

CAPSLOCK BANDIT

Master Don Juan
Joined
Jul 29, 2020
Messages
754
Reaction score
558
Age
35
My side business is multifamilies in Greater Bridgeport, CT. Whereas, I invest and manage 3 - 6 unit rentals. They are bringing in a few hundred a door each month. Can I buy a lear jet? No, but I can live off that income; if needed.
If your not putting money away your not being profitable; the idea of having self sustaining real estate is flawed when you consider roof, hot water tank, potential foundation leaks... Like the list of things that can go wrong are endless... Just because you are surviving does not equate to a future for you next year, just tomorrow.

You know this as well if you actually do manage units, im not sure why youd even offer it as a point of contention.
 

RickTheToad

Moderator
Joined
Apr 21, 2018
Messages
4,182
Reaction score
2,811
Location
Bridgeport, CT
If your not putting money away your not being profitable; the idea of having self sustaining real estate is flawed when you consider roof, hot water tank, potential foundation leaks... Like the list of things that can go wrong are endless... Just because you are surviving does not equate to a future for you next year, just tomorrow.

You know this as well if you actually do manage units, im not sure why youd even offer it as a point of contention.
Notice the last part I stated, "if needed". We've replaced a few hot water tanks over the years. 800 bucks installed. Replaced a roof with a 20 year warranty too, was around 7200. I set aside reserves for repairs and maintenance. I keep around 30% in reserves at a FDIC bank. Just saying all of the stuff Cardone says is not 100% correct.
 

CAPSLOCK BANDIT

Master Don Juan
Joined
Jul 29, 2020
Messages
754
Reaction score
558
Age
35
Notice the last part I stated, "if needed". We've replaced a few hot water tanks over the years. 800 bucks installed. Replaced a roof with a 20 year warranty too, was around 7200. I set aside reserves for repairs and maintenance. I keep around 30% in reserves at a FDIC bank. Just saying all of the stuff Cardone says is not 100% correct.
I get it; I live in the 'Hail' capital of the world, were lucky to get 10 years out of a roof before repair at all times, most dont budget for it, but gotta at minimum pay the insurance.


Most insurance does not cover hail damage out here, so u need a garage for your car as well... Its not as bad as im making it sound, but its just a constant looming cost.
 

RickTheToad

Moderator
Joined
Apr 21, 2018
Messages
4,182
Reaction score
2,811
Location
Bridgeport, CT
I get it; I live in the 'Hail' capital of the world, were lucky to get 10 years out of a roof before repair at all times, most dont budget for it, but gotta at minimum pay the insurance.


Most insurance does not cover hail damage out here, so u need a garage for your car as well... Its not as bad as im making it sound, but its just a constant looming cost.
Just add a rider to cover hail and you're set.
 
Top