Comments on: Become Millionaire Now!

By: Larry Nusbaum

Larry Nusbaum — Tue, 19 Sep 2006 16:00:59 +0000

Frugal: I did post the link to a rather long article on his blog. He emailed me and I responded by letting him know 2 things: I reposted it twice when I didn’t see it (not knowing he deleted manually) and I was under the wrong impression that spamming was only mass email. I assured him I would honor his request.

By: Frugal

Frugal — Tue, 19 Sep 2006 15:32:01 +0000

JLP,

Thanks for the info. There aren’t many people leaving comments at my blog. So I guess it probably doesn’t matter that much to fill up the empty space.

Regards,

By: JLP at AllFinancialMatters

JLP at AllFinancialMatters — Tue, 19 Sep 2006 04:28:13 +0000

Larry may be an okay guy but he’s spamming the hell out of my blog and it’s getting to be annoying.

By: Larry Nusbaum

Larry Nusbaum — Tue, 19 Sep 2006 02:08:58 +0000

skip his book and read:
1. http://millionairenowbook.blogspot.com/2006/08/issues-to-consider-for-individual.html
2. http://millionairenowbook.blogspot.com/2006/08/real-estates-future.html
3. http://millionairenowbook.blogspot.com/2006/08/putting-your-property-in-llc-and.html
4. http://millionairenowbook.blogspot.com/2006/07/planning-to-sell-commercial-property.html

By: Larry Nusbaum

Larry Nusbaum — Tue, 19 Sep 2006 02:07:13 +0000

skip his book and read:
1.http://millionairenowbook.blogspot.com/2006/08/issues-to-consider-for-individual.html
2.http://millionairenowbook.blogspot.com/2006/08/real-estates-future.html
3.http://millionairenowbook.blogspot.com/2006/08/putting-your-property-in-llc-and.html

By: garrett

garrett — Tue, 19 Sep 2006 01:11:28 +0000

Frugal,
What states are you looking to invest? I am biased for my area because that is the only area I really study (know). The area I talk about is tampa,florida. I belive the commerical is doing really well but there is “a lot of money going towards very few properties” soo the prices are really high.

but I am still learning about cap rates and stuff like that. You guys ever hear about a guy name john burns? I would like to purchase his books.

By: garrett

garrett — Tue, 19 Sep 2006 01:09:15 +0000

Larry,
I will definitely be reading your blog. It is just out of the ordinary for a blogger to have a book (at least the blogs I seen) that is the only reason I made that comment. After further reading I noticed that wasn’t true.

Also, I definitely agree with you that there isn’t any information on real estate. I would love to find more information about it. I hope you include a lot.

By: Frugal

Frugal — Mon, 18 Sep 2006 21:20:32 +0000

Garrett,
Thanks for your loyalty. Really appreciate it.

Larry,
I can’t agree with you more. There are TOO many real estate bubble blogs. You can definitely fill in the gap for giving everyone the insider view of the real estate investing. And that’s one of the things that I like about your blog. For certain, there are always some local markets that are worthwhile for investment. But unfortunately most people lack the knowledge of how-to, and where/how to find them, and manage them, etc.
Personally, I would like to invest in real estate in other states, but I simply lack all of the above knowledge. There are so few sites that can truly provide such information.

By: Larry Nusbaum

Larry Nusbaum — Mon, 18 Sep 2006 21:13:34 +0000

Garrett: Let me assure you that books don’t make the writer much money. And, that much of what I say in the book is on my blog……for free. But, my mission is to “help” others in their financial lives.
Gurus make money when you pay money for their seminars, books, tapes and “boot camps”.
I am a long-time real estate investor. I don’t see many blogs written about real estate investing, financing, managing, and leasing. Just 1000 blogs about the housing bubble.

By: garrett

garrett — Mon, 18 Sep 2006 17:58:17 +0000

Also, this guy looks like he is just trying to promote his book.

By: garrett

garrett — Mon, 18 Sep 2006 17:51:25 +0000

frugal,
How could I stop reading your posts? That is crazy. I wouldn’t do that. But I haven’t looked at his site yet but will check it out. It looks professional. Althought I don’t belive you comment much on the RE market? Do you? Althought I thought a lot of the great investors choose between the market or real estate. I guess I was wrong… I am still learning

by the way.. JUST another engineering? hahah

By: Frugal

Frugal — Mon, 18 Sep 2006 04:02:48 +0000

Larry,
I think you deserve every bit of my praise. You’re too modest.
I’m glad that you clarify on your housing position. I was going to modify my post after reading your email. But I just couldn’t find time to do it. Alright, going back to work on my Monday post. I wish I have 48 hours per day.

By: Larry Nusbaum

Larry Nusbaum — Mon, 18 Sep 2006 01:02:23 +0000

1. Thank you for your kind words.
2. As a realtor, I only broker commercial property and as suchdo not make my living in the housing market.
3. I have been very careful to not say that housing is in a bubble and careful not to deny it. It matters little to me. Example: A SFR that I have held for 16 years, rented long-term with positive cash-flow, and a debt to equity ratio of (now) 20% is not marked to market daily or even monthly. More important, going forward I am not too worried about it’s future value in 14 years when I have a sneaking suspicion it may be worth more than not.
4. http://millionairenowbook.blogspot.com/2006/09/call-to-arms.html
5. It may tilt toward being more in a credit bubble than housing. I honestly don’t know.
6. being 51 and not 31 means having made 20 more years of mistakes to learn from.
7. For every nicely timed sector trade (precious metals), I have made equally poor ones over the years.