Posted by Mike Benish on February 23, 2001 at 14:49:51:
Hal Hi. We took your suggestion into consideration, but we decide against it for the reasons stated at the end of this post. I personaly work for Scott and I am the one who suggested to post this question on this board. He is looking at this from a long term point view and not something that will happen overnight. He has no experience in the REI field and I don´t have much either, that´s the reason I suggested he submit his post to this board. I personally believe he can reach his goal faster. The dollar numbers he stated for what he has available and what he can save are accurate. In conversation that we had today, he´s looking at maybe buying 4 to 5 house´s within the next 5 years paying them off as quickly as possible and living off the rent checks. Conservative thinking IMHO. He just would like some advice on how to reach his goal. Should he consider L/O, Flips buy and hold, etc. Why do you think we work overseas, we don´t have to rob banks. Besides even if we did, it would be in local currency and we would need dump trucks to move the cash, not to mention the beating we would take on the exchange rate from local currency to dollars. But these jobs don´t last forever and it make sense to plan for the future wouldn´t you agree? Anyway thanks for your suggestion.