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08-28-2008, 05:06 AM
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#1 |
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Registered User
Join Date: Aug 2008
Posts: 10
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Ethical values in real estate business
Everyone talks about hammering sellers to get the best price – about getting every dime you can out of a transaction. Last week a friend of mine was bragging about how he got this old lady to sell her house to him at 50% of it’s value! He’s going to make a big chunk of money on it too. Here’s my question, HOW DOES HE SLEEP AT NIGHT??? Maybe I’m just “too nice” and maybe I’ll always be just a working stiff, but I don’t want to do business that way. It seems like to be an investor, you have to be a real shark these days. Does anyone do business in way they wouldn’t be ashamed tell their Mom or their kids about?
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08-28-2008, 10:29 AM
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#2 |
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Registered User
Join Date: Jun 2008
Posts: 45
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Unfortunately, this is how the business world is these days. In order to get ahead, you have to be both selfish and devious or someone else will either take your business or get the promotion that you deserve. It is very difficult to be 100% honest in business these days when most people are not like this. I am very interested in hearing other responses to your question.
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08-28-2008, 11:25 PM
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#3 |
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Registered User
Join Date: Aug 2008
Posts: 11
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You are right – buying properties “subject to” is an amazing way to invest. I just started doing it 4 months ago and I already own 12 houses with positive cash flow plus I made between $4k and $10k upfront on everyone of them. Once you know how to structure the deals, the only trick is knowing what kind of lead to go after and how to market to them. It takes a little practice, but it’s really paying off and I’m finally getting serious about quitting my day job and doing this full time. And don’t worry about “due on sale” clauses, I work for a bank and they don’t foreclose on properties where the payments are being made – especially in this real estate market – they don’t need any more foreclosures. But don’t take my word for it, here’s a VERY long article on how to do deals like this. It was written by the guy that taught me.
Last edited by BlankenshipFP : 08-29-2008 at 09:32 AM. Reason: obvious solicitation link removed |
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08-29-2008, 09:33 AM
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#4 |
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Harold Hecuba Productions
Join Date: Sep 2004
Location: New Berlin, Illinois
Posts: 934
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Maybe the guy that taught the second linken can just introduce the two of them since they're on the same network (ip addresses astoundingly similar)...
__________________
jb IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication (or in any attachment). |
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08-29-2008, 11:15 PM
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#5 |
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No Disclaimer Necessary
Join Date: Feb 2005
Posts: 1,772
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I think you found the missing "link" in their posts!
 I need some product placement.
__________________
"A nickel ain't worth a dime anymore." - Yogi Berra |
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08-31-2008, 07:15 PM
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#6 |
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Registered User
Join Date: Jul 2007
Location: Austin, Texas
Posts: 58
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More like, HOW DO SPAMMERS SLEEP AT NIGHT?
__________________
- Austin real estate | River Place real estate | Steiner Ranch real estate Lake Austin Homes | Lake Travis Homes for Sale | Austin Mortgage | Austin Realtors |
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12-15-2008, 05:07 AM
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#7 | |
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Registered User
Join Date: Sep 2008
Posts: 14
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Quote:
Yes, I agree with you and that's the fact how people do business in these days. However, it also depends on personal mentality. Few of us want success and money at any cost and we can say them as selfish. __________________ Sam Thomas Real Estate Agents |
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