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Re: "playing" with 30 million?

Posted by watchdog on October 29, 2003 at 11:07 PM

In Reply to: posted by interesting on October 28, 2003 at 6:35 PM

: : : : : : : Ward,
: : : : : : : I'm sure your readers would like to know how in this seller's market filled with whacko overbidders, is your first pupil able to amass enough money to donate to his church every year? What does he know that your Graduates don't? Please respond.

: : : : : :
: : : : : : Watchdog,
: : : : : : I'm biting, I'm biting!!! Please reveal what you
: : : : : : know that we don't.

: : : : : : Respectfully Waiting,
: : : : : : Sean

: : : : : He doesn't know anything the rest of us don't know. Look at the numbers. If you dunk $30 million dollars into real estate today at an average appreciation of 15% annually you will get around $4.5 million dollars of return a year later. The fact that Ward's "first pupil" does it buying foreclosures is irrelavant. Anybody could do the same buying out of the MLS -- of course you do need access to $30 million.

: : : :
: : : : I'ts not what I know, but what Ward's first pupil knows that matters. So don't miss the point! Everyone knows the "PowerBall" analogy, so be realistic.

: : : I am waiting, what do you know? I think your just full of yourself!

: : "Be realistic?" I am being realistic and I'm answering the posters first question. How can someone be successful and make $$$ at foreclosure auctions when properties are being sold at 90-100% of market value? Ward's "first pupil" is truly playing with around $30 million. If you don't understand my answer, reread my post. If you still don't understand then ignore the reply.

:
: Thats a lot of cash to be "playing" with. Does this person buy all the homes at the sales?

How does an ex-janitor(Ward's first trainee), amass $30 million dollars to "play around with?"


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