The only time people give me a hard time about what they hear me listen to or watch is when it leans that way but when it’s NPR or along those lines there are no critical comments. Seems shallow and intolerant.

@@homemadehome5575 It's disingenuous to say you don't see the distinction between a historically less bias news source, such as NPR with journalists, versus admitted entertainers giving op-eds. We can both acknowledge the bias spectrum without pretending to not know why some sources produce polarized responses more than others, such as Maddow versus AP or Last Week Tonight versus Reuters. It would be shallow to cancel based on disagreements about common political views (taxes, etc), but as I said, people who sow discord, because it gains more views with hyperbole and objective lies isn't respectable. Gas-lighting, using dog whistles, and debating in bad faith is shameful.

@@Spanxxxy All because you see a couple thumbnails of suggested videos days before an election.

@@homemadehome5575 Okay, play dumb. Cheers.

@@Spanxxxy I’ll assume you have also seen material from those people since you have such a strong opinion. Does this mean you also align with them as you assume I do? To me it comes across as you are one of those that act compassionate and tolerant but only when in like company. Then as soon as you sense someone is not the same, you toss them in the pile of everything you disagree with. I would say you are playing dumb but I assume that is your goal from the start.

Did you have to get a contractors license or hanndyman permit before you started remodeling , I’m interested in buying vacant houses & remodeling as my full time income but not too sure where to start got a little experience in building.

@@Ktmvids where I live we don't need a contractor license to do this line of work but we did have to get the proper permits we needed. We just had to do it all up to code in the city it in. Check with the city or county you live in before you tackle anything. We also had them inspected and appraised before the remodels! Good luck!

Nice job, Jessica Nicole. We are the opposite, though. We test out all of the remodeling stuff on our rental properties before trying them on our homes! haha. I'd still rather have cashflow in retirement than selling off the assets. Good luck!

I always advise against renting because while you need to own multiple properties to accumulate a decent amount of profit. Its more of a liability and risk because like you said, tenants can be bad and cost you out of pocket repairs even if they paid a deposit. Also, you have to pay for maintenance. I would suggest doing shorter term rentals like air bnb verses leasing to tenants on a 1 year or more lease. Owning a home is a liability, not an asset because of these things. Flipping is more profitable in a shorter period of time if done right.

@@Ktmvids you do have to get permits frome zoning to make structural/electrical changes. Typically people hire contractors who are licensed to do these things. You can do the work yourself but you must get the proper permits from zoning/the city etc.

he means no job working for another person or under another person. He works for himself.

Yeah, he means "I was my own boss"

When they say they have a "job" they are referring to work where you get a W-2 at tax time. You know, wage labor for the bourgeois class.

I'm guessing he didn't consider those jobs cause they really weren't 9 to 5. The house was a long term investment and him making tables was a side hustle thing

@@aminorityofone Which means a lot more work, having a own business and being the boss, it comes with more responsibilities... So, yes! He has a job, the CEO / Manager of a company that he founded. He sells his own time for a lucrative activity.

@Phillip Barnett Eh, I think most people could actually replicate this in most states. I’ve seen some pretty good ones on Craigslist here in DFW area.

@Phillip Barnett its not the price that he is paying... its the process that he is going through... Where he lives the prices are below national averages but the same process can be applied to anywhere in the country or world. He is buying places that are under duress for some reason.. could be the title or condition or whatever and then he is renting or selling at market value after he has put his own labor into the home. Trump did the same thing.. you should read Art Of The Deal... When Trump was a teenager he started working for his dad who was building and rehabbing 3 story walkups in Queens NY, His dad actually started in New Jersey by building $75 detached garages for people who were buying cars probably for the first time.. so Trump came from a poor family and his grandfather pretty much lost everything back in the Gold Rush when he ran a restaurant in a Gold Town but had to move back east.. so long story even longer.. Trump made $800k by the time he was out of college rebuilding houses and managing them for his dad.. then Trump found a Hud Home complex in Ohio and bought and restored it .. rented at first and then sold it for a 6 Million Dollar profit.. his dad was a partner on that and lots of people say Trump got his money from his dad but it was a loan which he repaid from the sale of this investment. After that Trump moved back to NY and the railroad in NY was going bankrupt but they owned some buildings that were in really bad condition.. Trump got an owner financed deal and some city money to rehab one of the buildings.. he tore the entire face off it and put glass on the exterior which was one of the first glass buildings in NYC.. It was right across the street from Penn Station or Grand Central i forget but since it was new and clean and right across from the train station he got a lot of high dollar guests... he leveraged that to buy other bankrupt property .. every one of trumps properties was a foreclosure or bankrupt company or some type of deal which he turned around. He made mistakes but eventually the good deals outnumbered the bad. But one thing that I took from Trump's method and his fathers was Trump was taught as a boy .. his father would have problems with a contractor being lazy or screwing him on the job and Trump's father would fire him and jump right in and finish the work himself.. this was the mentality.. that no job is beneath you.. that you can do every job if needed because work is work and if one man can do it then another man can too.. So Trump is the son of Blue Collar Workers and Grandson of a man who lost everything.. and Trump knows this.. and that is why he approaches life differently than someone that might buy a property that is perfect and hire people to do all the work and then rent or sell properties... that is too risky and the profit margin is too small... If you look at this house that is being rebuilt most of the cost is in labor and if he ever gets it done heh he can rent or sell it but he has to account for his hours when he calculates the profit. So instead of working an office job and paying off the property he is trading his hours in labor and putting them directly into the property instead of working for a boss who decides what an hour of his time is worth and then being taxed on that then putting it into a property to buy... he is cutting out a few middlemen and putting his labor directly into the home so every hour invested is worth much more.. and the house is just an investment.. if there was something else to be invested in then he would do that.. like lets say farm equipment.. then he would buy used farm equipment and repair it and then rent it and then maybe sell it.. but its an investment .. mostly an investment of his time... It would be like working for a really good employer who still offered a pension and you work and earn money and that lets you buy things today but also the pension lets you retire.. but that is dependent on a boss.. in this case he is the boss .. higher risk maybe if he is not careful but higher profit too... but even if he had to walk right now on this house he has invested in it wisely and could probably come out even if not a profit ... anyway ... there are always deals to be made in this world no matter where you live or the cost of living where you are... whether you are in India or Guatemala or in Pittsburgh or Nova Scotia .. there is always going to be something... and if you think it through then you come out ok in the end.

@@zippythechicken dang, that was a lot of info. Good job.

@@mah455 heheh maybe too much info but its an interesting topic for me and I use some of that to make money myself... I shouldn't say make money as much as .. get through life... everything is a tradeoff .. you trade being in an air conditioned summer/ heated winter office building earning what they will pay you for trading your life to them... or you take a chance and see what you can do on your own.. and in the end which is better? ??? being able to set your own hours to some extent and maybe losing out ... or working 20 years and your company gets sold to China and you end up losing in that way? IDK you know its all tradeoffs... some people say join the military for 20 years and get a military retirement then work for the post office for 20 years and get a post office retirement... and if you have anything left in you go teach k-12 and you end up with three retirement checks... each one of those jobs has dramatic drawbacks.. who wants to deliver mail in a -15F ice storm or fight in a war or deal with teenagers... Life is Life... We all have to work and make money some way... There are always risks... so you mitigate your risks and make the best choices you can and hopefully God helps you through it. :o)

@Phillip Barnett stupid is as stupid does

Section 8 makes sure you have guaranteed income every month. They also don't allow felons to participate in the program. They have mandatory inspections to ensure the landlord and tenant are taking care of the property . Section 8 even makes sure the tenant has kept a clean stove and refrigerator. Also makes sure all derelict vehicles are on property,basement& garage free of clutter. Section 8 is better at monitoring your property than a property manager and they are no charge as well.

I am very glad that inspections are required. I do not consider them "forced", I think of them as necessity. I say this as both having been a renter and then later renting to others. When a place is not owned by someone, they just adopt the attitude that they do not have to do the upkeep on a property nor do they care. Renters can be an absolute nightmare and destructive to a home.

@@niccasplayallday then i guess section 8 decided not to do inspections on the tenet he was speaking of.

They can’t decide not to it’s the law . I always see post like this but communication with the case worker will bring different results. Tenant can lose voucher if they damaged and abuse property.

Yep, my dad bought a house with a bad foundation, couldnt fix it up, ended up selling house for a loss and it was torn down

Retired librarian here, thanks for the shout out. But I'd recommend that people check their library's website, as a lot of them are closed due to covid.

@@MajorSeventh definitely check first, yes! Luckily many libraries, even the smaller ones, are connected to a digital library that people can access, for e-books and audiobooks!

Libraries are great resources on almost any subject, and I have never met a librarian who wasn't super helpful. I am grateful that our libraries have drive by pick up at this point in the pandemic.

He specifically addresses what you take issue with and explains it from the point of view of making a point. The whole thing could be made up anyway, for me the value is there. Gaining from it in a positive manner has nothing to do with any perceived wrong doing someone else does. It’s like not taking great advice from someone just because you don’t like them, only you lose. Not arguing with you, just a reply.

The only thing I learned from that book is, if you have a mortgage, a house is a debt, not an asset. A valuable point.

@@sct4040 yes, and houses can go down in value.

You have clients who pay you, no? You're their employee.

Notice he is already wearing a wedding ring.

Ya, he was speaking of the past, prior to marriage.

Every day that passes just creates more resources to get what you want. It's hard to keep this type of thing in mind. Meaning, that some people are "sad" they don't have certain things but in reality we live in a time and place that offers these things. It's a strange idea to keep in perspective. I was in one of the presidents houses once on a tour with others, everyone was smiling listening to the guide talk about what he did, his hobbies, etc. I casually said to someone how nice it must of been to which he replied "No matter how much money he had he was probably sitting in that chair hot, stinking with a tooth ache" I laughed at it realizing how out of context the tour was. He was right, it was in the middle of summer, hot and humid. We were standing in his house, with modern ac installed enjoying his home pretty much 200 years later for fun only hearing about the good things. When in reality, he was off grid and dentists didn't exist. Even being poor without any perceived opportunity there's so much to enjoy. But anyone can get a library card and figure out what to do next, use the computers, ask questions, etc. Most failure In my opinion are based on a lack of preparing/planning that causes hiccups that leads to tamping down excitement. If this happens enough times, it just makes it too painful and people want to avoid disappointment. My suggestion is to plan things in ways that sets you up for small wins along the way to your ultimate goal. Each win is a small reminder of what you are working towards, it feels good and keeps you going. I think that's all a winner is....someone who wins and learns something from it each time but you have to train yourself to not to get too bummed. It's probably the hardest thing to do for most. I'm fortunate to have been someone that was not too disappointed for long when things go wrong. I can always get out of a funk eventually. I'm glad to have said something to help but you really need it in you naturally without hearing it from others, developing it is not that hard if you stay busy.

@@homemadehome5575 you’re absolutely right. Resilience is a great asset, and one that can be cultivated with time and effort. We all have stories we tell ourselves, “I am a loser”, “Things tend to work out for the best”, “The rich run the world”, “no one understands me”, etc… But we get to write those stories for ourselves, and rewrite them as necessary. For now, the story I’m telling myself is that no matter my background, my goals are all possible, and it is worth the effort as long as I maintain my priorities of family and inner peace. I’ve come so far and I am grateful for the journey and the lessons along the way.

I'm guessing the seller was never able to resolve it, so he finally had to. They do take a little while; his contract with his buyer probably ran out before the quiet title action was complete.

Yes indeed, now she is a lady of leisure and reaping the benefits.

I couldn't agree more. Probably the most important decision of our lives.

Yes we need the story

I was given an entire wood shop of tools that belonged to a man in his 90’s when he died. His daughter, in her upper 70s gave it all to me. It filled the largest rental truck you can drive without a CDL. The plane is the only thing I sold. I did what I had to do, but I wish I had kept it. It even had the original cardboard box and paperwork.

@@homemadehome5575 thanks for the story!

Beware. The writer of that book is a total fraud and huskter and made everything up. He makes money telling people how he made money...but didn't.

Yeah a 5000 house here is either empty lot or teardown thats gutted

@@chrisworster4878 here in the Denver metro area, a 5000 dollar house would be a fire damaged mobile home. I sold my house (which was in horrible condition) for $255k.

@@caidenmccaughan6737 damn, my dad bought a 60k house for 32k because it was on market for a year, he put a new roof and new heating system in, along with updating the house, now its got a bunch of equity and being rented out

Thomas Morrison Go to where the cheap houses are. Don't expect to buy a $5000 house in an area where houses are selling for $550k.

they just don't know how to operate them lol I've torn up a a few myself...still barely know. Now we have vertical blinds in the house or those that are sealed in the windows.

Well i think its the fact they get brittle, or if you just bend the sides over to look out, and do it many times, to break it. Or they know they are pretty cheap and hope landlord doesnt care

@@KeiNovak -- I like the idea of the blinds inside the glass. I'll have to check out the cost.

The author is David J. Schwartz.