My apologies to Piper - Posted by Hank FL
Posted by Hank FL on September 23, 2003 at 16:02:27:
Several hours ago I posted a humorous post that made a serious point. Perhaps the subject line “Piper is a Piker” was a bit strong, so sorry JPiper. I remember the Gatten joke that went down in flames w/some.
My post went something like this:
10 deals a year ? 30k ? You’ve got to be kidding me.
You need to broaden your horizons Tampasteph.
By my desk I have some inpirational material in my bookcase you might want to study …
"It’s Yours If You Say It Is"
Short Cut Your Way To Financial Freedom by Lou Pole
Multi-Task Your Way To Riches W/Real Estate, E-Commerce, Book Writing and Day Trading - All In Your Spare Time! by Phil McKraken & Robyn Yu
"300 Offers A Day"
Shotgunning Your Way To Wealth by Hugh Jass
"The Contrarians Guide To Financial Success"
How To Make Millions By Doing Exactly The Opposite Of What I Teach. By Wade Schnook.
"Highest And Best Ruse"
Big Buck Bonanzaa In Boarding Houses By R. Whitless
So I get back home and check my e-mail to find that once again, some folks just have no sense of humor.
stupiditycop (iarreststupidpeople@UR1.com), if you can’t use a real handle/e-mail address, don’t bother posting.
Some other guy wanted to know where to buy one of the goof-courses.
Then the moderator deleted my post.
So let me make my point w/out anything that might distract or detract from it.
I think that Piper plan is a very sound and attainable way to go. Many people buy some courses and jump in this CRE thing expecting to do 500,000 gross the first year. Several years ago I thought shotgunning REO offers would bring in the big bucks that the course said it would. Little did I know, but later came to figure out, was that the REO market in my area isn’t the place for deals at this time (unless you get pocket listings).
So my point is that the “Get Rich Slow” plan will usually work better than the “Get Rich Quick” idea. John Schaub (amoung others) speaks well on this point.
IMHO,forget about flipping 150 deals a year or day-trading or any faddy B.S. and do the sensible thing similar to what Piper described above.
That is my plan.
Sorry if I confused anybody out there.