Comments on: Karen Davis’s 6th Investment Property: Video Case Study

By: Kelly (Challenge)

Kelly (Challenge) — Fri, 16 Dec 2011 18:04:23 +0000

Thanks Stephen,

I really appreciate you letting me talk to you briefly. I’ll call you after 1:30PM on 12/16/2011 if that’s OK with you. I say after that time because I want you to enjoy your lunch time. :)

Cheers,
Kelly

By: Stephen Davis

Stephen Davis — Fri, 16 Dec 2011 14:49:54 +0000

If you have not asked your mentor this questions yet, give me a call. This is too complex for “comments.” Stephen Davis, VP 713-201-7784

By: Kelly (Challenge)

Kelly (Challenge) — Fri, 16 Dec 2011 05:38:36 +0000

I know I’m late here, but after reading this, I feel lost on the whole equity thing. By the way, huge congrats Karen! I thought the point of this is to acquire SF / MF that provide a good cash flow. I’ve done the calculations, and understand where I’d like to be. Equally I know people have different goal with realty.

Why take the time to capture the equity? Stuff like this has baffled me for the longest of times. The other thing is how I read mixed things here. Where you see the “all in”, but then you see how people haven’t paid anything or very little. Aren’t lenders (Financial Institutions) requiring 20% down, and don’t you have to cover rehab costs too? Again, stuff like this makes me confused.

I’m close to having that first projected funding complete. I suppose I should ask: Is saving up that amount still the way to go or has it changed? In the end I’m counting down to getting a house late Q1.

Cheers,
Kelly

By: Karen

Karen — Thu, 03 Nov 2011 23:58:57 +0000

Great to have you on board Gene! After you’ve attended the 2 day seminar be sure to call us for help every step of the way.

By: Stephen Davis

Stephen Davis — Sat, 22 Oct 2011 15:11:33 +0000

Yes you can. You may want to do what I did to get started and that is whole sale deals to build up capital. If you join up we will walk you through the deals step by step.

By: Gene Dinelli

Gene Dinelli — Sat, 22 Oct 2011 14:57:28 +0000

Karen,
Excellent story to your 6th investment! Unfortunately, A divorce years ago wiped me out. I literally have no money and decent credit but am very eager to join LU and change my life. You guys address objections (excuses) very respectfully and I want to believe that it’s not just a pitch. If I join, can I truly start buying properties, in my situation, with nothing more than discernment and my strong work ethic and a very strong desire to succeed? Remember: No money and decent credit.
Thanks!

By: Mike

Mike — Thu, 05 May 2011 17:37:24 +0000

Great info Karen, thank you!

By: Carey Adel

Carey Adel — Wed, 05 May 2010 14:33:54 +0000

someone who knows his stuff and can write well equals a great read, thanks

By: Andrew Pelt

Andrew Pelt — Wed, 24 Mar 2010 21:47:02 +0000

awesome comment about credit

By: Jeff Smith

Jeff Smith — Mon, 03 Aug 2009 19:00:11 +0000

There isn’t an “LU Approved” partnership agreement as there are so many variables to consider. Additionally, I do not recommend skipping your visit to have an attorney prepare or review the terms that you and your partners wish to include in your document. The attorney will interview you and have a questionnaire for you to complete to use as a guide for preparing your specific agreement. Check out the vendor directory for some lawyers who do this kind of work regularly, including my attorney, and if you are a Lifestyles member check the calendar for upcoming classes taught by those professionals.