More Deals, or More Profit Per deal?

[propertymanager]

Raj  - EXCELLENT POST!

Isn't that interesting - I was thinking EXACTLY the same thing!  Is this just an ad for a "new" system designed to separate vulnerable newbies from their money?  I didn't hear a denial from ZNICK on that point - just a personal attack.  That sounds to me like someone trying to defend their product!!!  Let's cut to the chase - ZNICK - are you selling this system???

I've noticed that many of the posts on this website aren't from investors but from non-investors or new-investors with something to sell (notice the tag lines at the bottom of the posts).

ZNICK - the reason that the seasoned investors on this site are skeptical is that paying retail for a property does NOT make business sense.  It also does NOT make sense that you are charging more than retail to your clients and that they are willing to pay 110% to 125% of the FMV.  It also doesn't make sense that you have "angel" financing for people who can't get financed anywhere else.   All I can say is better you than me - I sure wouldn't loan my money to someone who has terrible credit!!!  The one thing that would make sense is that you're involved in the sale of this new system and are trying to get some of the newbies to part with their money!  Please enlighten us!  ARE YOU SELLING THIS NEW SYSTEM?  DO YOU HAVE ANY FINANCIAL STAKE IN IT?

Mike

[rhm76384]

Hey,
     Appears you are breaking investing rule #1 : Make your money going in (when you buy).
Peace,
Richard

[cecsix]

gotta love it when a guy asks for answers and then gets upset when people are honest with him.  

IT'S ALL OPINION!  nothing to get upset about.  

[ZNICK]

Nope, I'm not selling the system, lol. I might get $50 or something if someone refers me, but that's FAR from why I posted. That's CHUMP CHANGE!  I could care less about $50, lol.

gotta love it when a guy asks for answers and then gets upset when people are honest with him

What are you talking about? NOBODY answered my question... not ONE of you. I was TRYING to get a few opinions on how to decide on the minimum $ amount to accept deals for, but of course nobody even dreamed of answering the question, you all were too busy insulting me.  

Also, don't start condemming my selling a property on a L/O basis for 10%-15% more than the current value.... EVERYBODY does it who's involved in subject-to deals, and EVERY "guru" on the circuit teaches the same thing, as does every book on the market.  

Flame away if you insist, it won't stop me. I'm 110% positive I do more deals a month than 90% of the readers here do in a year.  Of course, I do it all wrong, right?  

Z

[cecsix]

Nope, I'm not selling the system, lol. I might get $50 or something if someone refers me, but that's FAR from why I posted. That's CHUMP CHANGE!  I could care less about $50, lol. What are you talking about? NOBODY answered my question... not ONE of you. I was TRYING to get a few opinions on how to decide on the minimum $ amount to accept deals for, but of course nobody even dreamed of answering the question, you all were too busy insulting me.  

Also, don't start condemming my selling a property on a L/O basis for 10%-15% more than the current value.... EVERYBODY does it who's involved in subject-to deals, and EVERY "guru" on the circuit teaches the same thing, as does every book on the market.  

Flame away if you insist, it won't stop me. I'm 110% positive I do more deals a month than 90% of the readers here do in a year.  Of course, I do it all wrong, right?  

Z

i have no idea if your methods are right or wrong, and frankly, i don't care.  i never commented on them or thought about them.  

i'm happy for you that you are doing so many deals.  if i was doing that many deals, i probably wouldn't waste my time on here talking to a bunch of know nothing bums like us though.

but to each his own.  go on with your bad self.    

[Roger J]

Geez Nick, you really take the cake.

Nobody answered your question?  Nick, everybody answered your question, granted some with a tongue-in-cheek, response, but answered all the same.

To recap, the question was "more deals or more profit per deal"
If you'll scroll up real close to the top, my first sentence was "more profit per deal."  Sounds like an answer to me.

Also, don't start condemming my selling a property on a L/O basis for 10%-15% more than the current value.... EVERYBODY does it who's involved in subject-to deals, and EVERY "guru" on the circuit teaches the same thing, as does every book on the market.
(okay, I know that copying this makes me "obsessive" but what can I say  :D)
Well now, you're just flipflopping.  You didn't say that you do a l/o and bump the price 10-15%, you said that you SELL them for up to 25% over the value.  There's a big difference. (BTW, the "gurus" teach to bump the value of a l/o by the average appreciation, which could be 10%, or 3%, or 5%, etc., etc.)  And let's not forget, that just recently, we investors that offered less the fullprice were on the low side of your moral spectrum.  Now, it's okay for you to bump the price because "Everybody" does it.  Is this the same "everybody" that you flamed a post or two back?

Which brings me to my next point.  I definitely see flaming posts and insults flying, but it's from your keyboard, not mine.  I believe I've said several times already, if it's working for you, great!

And finally,
I can almost (almost) guarantee you that you do more deals than I do in a year.  It's not the number of deals, it's the profit (kinda goes back to the original question, don't you think?).
Perfect example is Robyn Thompson.  She says that she makes an average of $2 million a year investing in REI (not in seminar, books, courses, etc.).  She does 2 deals (that's TWO) a year, each averaging $1 million profit.

So, the answer again is MORE PROFIT PER DEAL.

Raj

[ZNICK]

Boy you can stretch your slanted point of view further than a rubber band around a football field.  

I KNOW Robyn and her program... she averages 50 deals a year and $27k a deal.  Robyn did two deals last year, lol.  Now I am certain you're making stuff up.

Z

[cecsix]

GOD, PLEASE LET THIS THREAD DIE.  

AMEN

[Roger J]

Nick,

That came straight from her lips.  Anyone that went to the TCI Real Estate Convention in Greensboro, NC can attest to it.  Whether it's valid or not, you be the judge.  But make sure that you call HER the liar, not me.

Which I'll point out again, for the last time, the flaming is coming from you, not anyone else.  That's disappointing, as you seemed like a better person than that in previous posts.

cecsix,

It's over for me.  I'm through even reading it.

ZNICK,

Good luck, God bless, and Live long and prosper.

Bye, Amen, I'm Gone.

Raj

[cajuju]

I read this thread earlier today and found it both interesting and entertaining, until I got bored because it got so obvious that it was just another case of someone misrepresenting themselves annonomously. My reaction got even worse a few minutes ago when I saw a posting of ZNick's on another RE investor's website -  you guys went EASY on him compared to what that other group had to say!

I guess its inevitable that there's some BS in any open forum, just hope guys like this do it on their own time, not ours.

[niravmd]

so are you basically doing sandwichleases with a twist?

if so, i think its brilliant.

[Verdoclev]

Hi,

Good guess, Naravmd!
I agree: the man is a genius ( or at least his marketing work is the mark of one).

[niravmd]

Znick,

who came up with the content and who put up the website?

[masoning]

Hey,
     Appears you are breaking investing rule #1 : Make your money going in (when you buy).
Peace,
Richard

Richard,

That is a great rule.  I only pay less than wholesale and that is the basis for my business plan.  I had just never quite put it that way.  If the newbies, or seasoned investors, would stick to that strategy then speculation and property increases are not as important over time.