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maysay1 
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Joined: Jul 02 2009
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 Posted: Jan 10 2013 at 4:47pm |
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Just goes to show you that being educated doesn't mean you're all that smart.
He could have eaten beans and rice with frozen veggies (and some cheap non-expired meat now and again) and spent less money while never going to bed hungry.
And driving to work when it's only a few miles away? Waste of money (gas, insurance, etc.) if you're obsessed with "super saving".
Why not just rent a room? Saving on housing costs is one of the biggest and best changes you can make when you're trying to really stack cash.
I definitely advocate being super frugal (to the point that most people would consider it extreme), but he wasn't very smart about it.
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bebe88
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Joined: Feb 24 2010
Location: Right Behind U
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Posted: Jan 10 2013 at 4:47pm |
Yes, these are usually retired investors that are ready to liquidate everything. But if you don't pay them, obviously, they will just take their property back.
 SamoneLenior wrote:
no credit checks, in this day and age? really?
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SamoneLenior
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Joined: Oct 06 2005
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Posted: Jan 10 2013 at 4:48pm |
bebe88 wrote:
Yes, these are usually retired investors that are ready to liquidate everything. But if you don't pay them, obviously, they will just take their property back.
SamoneLenior wrote:
no credit checks, in this day and age? really?
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ohhhhh
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laceyfront
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Posted: Jan 10 2013 at 5:04pm |
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ms_wonderland
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Posted: Jan 10 2013 at 5:06pm |
maysay1 wrote:
Just goes to show you that being educated doesn't mean you're all that smart.
He could have eaten beans and rice with frozen veggies (and some cheap non-expired meat now and again) and spent less money while never going to bed hungry.
And driving to work when it's only a few miles away? Waste of money (gas, insurance, etc.) if you're obsessed with "super saving".
Why not just rent a room? Saving on housing costs is one of the biggest and best changes you can make when you're trying to really stack cash.
I definitely advocate being super frugal (to the point that most people would consider it extreme), but he wasn't very smart about it.
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for a reporter/asst news producer he could've definitely been smarter.
he can't bike to work if he's not getting his nutrients. he would for sure collapse in the heat.
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dOLLish.
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Joined: May 27 2007
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Posted: Jan 10 2013 at 5:28pm |
He's crazy. I stopped reading after the part about him washing off molded veggies. 
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ThoughtCouture
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Joined: Jun 08 2006
Location: southside holla
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Posted: Jan 10 2013 at 5:30pm |
maysay1 wrote:
He could have eaten beans and rice with frozen veggies (and some cheap non-expired meat now and again) and spent less money while never going to bed hungry.
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pretty much and ensures are not cheap either...
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dOLLish.
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Posted: Jan 10 2013 at 5:34pm |
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Edited by dOLLish. - Jan 10 2013 at 5:34pm
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Cocoa
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Posted: Jan 10 2013 at 5:34pm |
bebe88 wrote:
With owner financing with multi fam properties, u usually don't get credit checks.
See, you are paying this person mortgage with money u collect from Ur tenants. So if u make 8k monthly, mortgage may b 3k.
Not hard at all... |
So I take it you are making it rain in your city.... nice!
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bebe88
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Posted: Jan 10 2013 at 6:14pm |
Not yet, I'm literally just starting. I'm trying to find someone to take 2k down....the one person I found does not have tenants & I would need tenants up front. I may try to wholesale it though.
Cocoa wrote:
bebe88 wrote:
With owner financing with multi fam properties, u usually don't get credit checks.
See, you are paying this person mortgage with money u collect from Ur tenants. So if u make 8k monthly, mortgage may b 3k.
Not hard at all... |
So I take it you are making it rain in your city.... nice!
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