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Real Estate Note Investors

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Results Driven® Community

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Retirement CASH FLOW

468 members • Free

6 contributions to Retirement CASH FLOW
Auction bidding
I hit the sheriff sales every once in a while in different parts of the country and really enjoy the excitement and the bewilderment of first timers. Ha! The look on their faces trying to figure out what the heck just happened? Talking to auction bidders, it's a funny conversation. When asked what I do I say, I bring these deals to auction and watch you all fight over who is going to pay me the most. We have been buying non-performing notes going on 20 years now and foreclosure is our biggest tool in the toolbox. We only foreclose to get the borrowers to take us seriously. If one of our deals makes it all the way to sale, that is a failure on our part and our FC attorneys part. We are looking for cash flow. Multiple streams of income flowing into our tax advantaged retirement accounts. Let us hear some of your auction stories
Auction bidding
6 likes • 14d
I foreclosed on a pizza shop that was owned by a few members of a large family. They had brought one cousin into the business in the beginning and given him a small piece of their LLC that owned and operated the business. The cousin did not work in the shop, so that was a problem right from the get-go, but he got some sort of compensation. However, no one could work out an acceptable buy-out plan of the cousin. So the day of the auction arrives and as I pull up into the parking lot, I see 3 police cars and a crowd of folks. A physical fist-fight between family members was being broken up by the police! There were about 30 people there. We sold the property that day to some other family member! I guess what I reinforced in my mind was to be careful who you are partners with.. Make sure it makes sense and you understand what each person brings to the table and how they are compensated and also to structure a buyout method and clause in your partnership agreements.
Alright! Check this out!
Even for you experienced investors, you will find this very useful!
3 likes • Jan 15
Perhaps I missed one of the classes. What is your collateral/security for the loan ?
Crazy Returns
So I was offered a deal where I lend $25k for 30 days and get back a 10% return. If it goes past 30 days It goes up 5% to 15%, if it goes past 60 days it goes to 20%. Every 30 days it goes up 5% until 120 days it gets to 35%. If it goes past 150 days the land that is attached gets assigned to me. This is vacant land with this transactional funding. Another deal is for a rehab in Colorado. 55k for 90 days, 55k out $80k returned. Is anyone else seeing deals like this?
3 likes • Jan 12
I think that maybe 25K is the current market value of the subject property, the person who brought you the deal is flipping the land and hopes to find a buyer for much greater price, AND has little or no skin in the game and you just paid retail for the lot.
Just ended a fantastic Commercial Real Estate event!
Bringing more and more knowledge into Retirement Cash Flow Club. My son said we were the first ones there and the last 5 to get kicked out! The event promoter Nick and the main speaker Jon and my famous son James! Yes you can buy seller financed multi million dollar properties with these youngsters @Steve Feldman @James Ruscica
Just ended a fantastic Commercial Real Estate event!
2 likes • Oct '25
Mike-Who was the speaker and what was the pitch, concept, or being promoted? What did you learn?
1 like • Oct '25
Interesting-Thanks for the update! No question that looking for free & clear or seller-financed deals is a good plan..
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!
2 likes • Jul '25
This young man is missing the boat by not starting early... It's OK to start with very little and watch it grow to very large over time, and that's what he needs to figure out.
3 likes • Jul '25
I put my son age 10+- the payroll at my investment company and he came in frequently to empty the trash and do some "work" so that he had earned income. I deposited $4000 per year for ONLY 4 years. A year ago I looked at his Roth IRA and it was getting close to $100,000. I hope that this fellow Adam "gets it" and takes the first step to getting some financial wisdom...
1-6 of 6
Dj Scholl
3
43points to level up
@dj-scholl-2113
I buy discounted mortgages and originate residential non-bankable mortgage loans for experienced investors in New England since 1991.

Active 14d ago
Joined Nov 20, 2024
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