Marketing for leads to purchase properties. Those properties with equity where owners are willing to sell are not gonna fall in your hands. It takes a lot of consistent money to get those leads in a large scale.
Secrets you know because of your occupation
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Marketing for leads to purchase properties. Those properties with equity where owners are willing to sell are not gonna fall in your hands. It takes a lot of consistent money to get those leads in a large scale.
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If you think the deepwater horizon BP oil spill was an anomaly, you're wrong. Many rigs I've operated on have had the same shit happen.
Shitty Cement job: Check
The back up pod on the BOP is fucked: Check
The Company man doesn't want to lose 1-2 weeks of work at 1.2 million a day to fix the BOP cause the well is almost done: Check
The Company man down mans the rig after the cement job to save $$ on personnel: Check
The last well I drilled in Angola the company was loosing money and they wanted everyone off ASAP. They were rushing fast as fuck, so usually after a cement job they let it cure 12-24 hours before they slack off and let the weight of the riser (Sometimes a mile or more long of 36" steel pipe) rest on the well.
These CAC's said fuck it after 4 hours. So I'm monitoring the well and that bitch just disappears into the sea floor!! So they call me up and ask what happened and I'm like, bitch I don't know I'm not on drill floor. So in conclusion they have to pull the well up, the cement return valves had been snapped off and they ended up letting that shit cure for 48 hours cause they fucked up.My overtime rate was about $1,200 a day so I didn't give a fuck. Matter of fact I would pick up on the average 10K extra a year due to the rig trying to rush jobs, fucking up and needing me to monitor their fuck ups subsea 24/7 until the rest of the crew could be called in.
So that's how the shit would work when working for American CAC clients. Try and save $250,000 and end up spending $2,000,000. Shit happens way more than you think.
On the same rig, we were drilling and they were losing thousands of gallons of oil based mud down the hole. No matter how they adjusted the weight they kept loosing it down hole. They thought they hit a cavity
Here is the MSDS for oil based mud, it's nasty shit!
http://redriversupply.us/usrfiles/msds/nov/NOV OBM Whole Mud MSDS.pdf
Anyway, a couple of months go by, we finished the well and it's my job to survey the well area to make sure we haven't "Disturbed" the environment. So I fly out about 50 meters from well center and I come across this giant fucking blob.
I call the company man to inform him that I think we found where all that mud went. He looked at the shit and said "It's a sea growth, it's nothing"
Well, I'd done my job and reported it to the person in charge. Nothing more I can do.
But the night company man saw it and said "Another shitty cement job huh? I said yeah, looks to me like Halliburton fucked up the ratio and the shit didn't harden, so when you were displacing the earth the mud was leaking up through the fissures.
Needless to say there are thousands of gallons of that shit on the sea bed that will probably last forever. I never saw crabs there, only eel so the seafood should be ok to eat there. I just would never fuck with the Octopus or Shrimp.
I went to another rig in Angola and they almost had a full blowout. See, nepotism runs deep in the oil industry. Combine that with incompetence and greed and you have a recipe for boom boom.
So usually there are 2 guys for most jobs in Angola.
1. An Expat who knows his shit 85% of the time
2. The Nephew of a government official that is his back up who just watch's and gets paid for doing nothing.
What's supposed to happen is you train the local guy and in 5 years he takes your spot. Most of the fuck up locals just want to sit for 5 years offshore and then join the shore base side and claim they are now an "Oilfield Engineer." It's a fucked up hustle for the regular local guys who want to do the job but get pushed out by the elite class.
Well, every once in a while, the Expat can't come to the rig. Visa issues, missed flights etc, so you have this useless fuck having to step up and do the actual job.
So they were in the control room, and the warning light kept blinking. So this genius decided to "fix" the problem.
His solution? Put tape over the blinking light.
Well, they are lucky cause there was an over pressure on the lines and the same jackass was going to try and shut it in. Somebody saw the gauges and rushed to vent the pressure. If they hadn't, the whole rig would have exploded. Oh, and the jackass that caused all the issues wasn't fired. They just moved him to another platform.
You don't hear about it, but people get crushed, killed, burned exploded and all types of shit on these platforms. At least 2-3 times a year, something like a small hammer, or big bolt or nut falls from the derrick and kills a person. something the weight of an ipad with enough velocity will smash through and hard had like it's not there.
I could go on man, I've seen and heard about so much fucked up shit it's downright frightening.
Bruh, thanks for all this info.. Thats sum interesting stuff you laid out!!!
Im not a wine drinker, but Ive heard Trader Joes has sum real good wine!!
As he said it stays pack on 14st... In fact it has its own separate store from the food
By the way did you kno trader joes is actually aldi?
Good question.. Ive always wonder why alot of vets dont use their va loan
Really?? I didnt know that.. Ive never been inside a Trader Joes, I always thought it was a very high end store..
How much do you think a person who flip houses make in a year? How long do you think it will take to leave your regular job if your are flipping houses?
It really depends on a couple factors..Flipping is profitable but it doesn't always go smooth every time. How big is your cash reserve before you start? Because you might sit on a property longer than you expected and if you used a hard money lender, that will be a strain on your pockets.
You can't just flip one property, make a 20 grand profit and think you can just quit your job tomorrow.. You'll likely have to throw a majority of that money back into the hustle for your next flip because profits differ on each flip. Sometimes you might have to unload a property for a loss or no profit.
You can do the wholesaling angle where you find a property and assign it to investors for a fee for few grand but you have to move these units in volume to make money. You also have to be good at locating these properties and getting owners to agree to sell for 70% or less below market value. As I said earlier, these properties won't fall in your lap so you'll have to spend on marketing.
Personally I think buying & holding them as rentals is better but you can do both flip & rentals.
Thanks bruh. I am trying to do them both. I want to buy and hold, plus flip. I know you make your money other the long haul when you buy and hold. My problem, I really don't know how the hard money work. Do I pay a mortgage on the property until I get it sold? Also, do you still have to wait 90 days to sell a property after you buy it?
People use hard money because they'll provide all the funding up front to purchase the property as long as you meet their Ltv/arv requirements which is usually 70%. Most hard money lenders provide you money for repairs but it's a draw system where you pay out of pocket first, they review the work & reimburse you. Yes, you will pay a note which is usually high in interest like 9 to 12% or more, that's how they make their money off you.. To the best of my knowledge I don't think you have to wait 90 days to sell, soon as you get it fixed & have a buyer, you can sell.
I've only flipped one property, took 3 months after purchase to sell.
Wait ...WTF?!?!?!?
Thanks bruh. I got to get about 10-15k before they are willing to give me their money. I don't mind the payment because depending on what state you are in, you can get properties cheap. I will let you know how the first flip goes when I get it done.
bro i need u to obi wan me.....i got questions i am in the market as a first time home owner
This thread is pure fucking gold. Props to everyone who has posted knowledge!
Most fortune 500 companies have departments who's only purpose is to grease the palms of lobbyist.
They know every politician's birthday, wedding anniversary, children's birthday, favorite sports, favorite Broadway show, favorite flowers, favorite alcohol kids birthdays, gran-baby birthdays, etc.
You see where I'm going with this. From that knowledge they send tickets/gifts/donations you name it.
Keeping these lobbyist and lawmakers happy keep things in their favor when it comes to doing business.
They know every politician's birthday, wedding anniversary, children's birthday, favorite sports, favorite Broadway show, favorite flowers, favorite alcohol kids birthdays, gran-baby birthdays, etc.
You see where I'm going with this. From that knowledge they send tickets/gifts/donations you name it.
Keeping these lobbyist and lawmakers happy keep things in their favor when it comes to doing business.
Most fortune 500 companies have departments who's only purpose is to grease the palms of lobbyist.
They know every politician's birthday, wedding anniversary, children's birthday, favorite sports, favorite Broadway show, favorite flowers, favorite alcohol kids birthdays, gran-baby birthdays, etc.
You see where I'm going with this. From that knowledge they send tickets/gifts/donations you name it.
Keeping these lobbyist and lawmakers happy keep things in their favor when it comes to doing business.
Yeah, thats the name of the game!! As sad as it sounds, all these mothafucka's are on the take!!!
Diff is 1 sell liqs and the other doesn't... In Europe 1 is called aldi east and the other aldi west and in america 1 is aldi the other is trader joes
Probably going to be laid off soon....
Nigga, that field is on its way out. Due to change and upgrading technology. You heading to the unemployment line, nigga just like your president.
No the field is changing. You better be an architect or Tier 3 person if you want to keep a job in Telcom. There will always be a need for some level of discernment. If you are doing MACDs and/or basic functions your job is gone they just have not told you yet.
Yep. The Krkland 25 year Scotch is MacCallan. The 7 year bourbon is Knob Creek. The Kirkland Canadian Whiskey is Crown Royal. The list goes on and on.
Think about it, do you think Costco really has its own distilleries?
Please add more to the list if you kno this info is really appreciated
OK f*ck this I need to officially get my OWN membership
any deals you know of please shae
this is PURE GOLD.
With cell phones more advanced now, people need to do any extra/private web shit from ya personal phone and NOT while connected to company Wi-Fi
I really hope no one is out there quitting their jobs for flipping houses.
That said, I have wanted to do that for a long time. I just want enough money to pay off my student debt. If you can tell me it's at least that much worth it after foreseeable losses, I'll try harder at that game.
That said, I have wanted to do that for a long time. I just want enough money to pay off my student debt. If you can tell me it's at least that much worth it after foreseeable losses, I'll try harder at that game.
Two things: Know the market, what can you really sell that property for and what will it have to look like in order for you to sell it quickly? And, be your own contractor, don’t think you can hire some Spanish dudes and just come back when they say they’re finished. I didn’t make money until I started developing full time. AND I DO NOT FLIP. I BUILD APARTMENTS. I rent out my stuff and build my balance sheet by the value of my properties.
Damn shame we cant learn to trust each other enough and form
Groups and buy properties..
I know of a group of Mexicans the own a whole block in the bronx
With a grocery store laundromat and restaurant.mm
I know of a chinese and a group of indians that get together with
Family and buy up properties. ..
We all rather shine on each other.. I'm guilty of that to because I don't have the patience to deal with family in business..I love em all to death and would die for em
But go into business with them
I'm not gonna be able to do it
But if we were able to...we would be an unstoppable force as a people
Africans have done it, west Indians have done it, Dominicans, quiet as kept some afro Americans.. Its Jus's not well known or popularized.. They exist but its kept on the low low for many reasons
Good point for those whose companies offer free WiFi. Unless your work station is underground I don't see the sense in connecting to the company WiFi unless cell service is poor in that area.
But I know how people (don't) think.
Nextel walkie-talkie service was actually on a 4G protocol platform that’s why it was so fast
Yea but not enough of us to save harlem. ..
Interesting please proceed
How can you save something you never really owned... Remember many bizzness are really rented out properties that are still owned by Jews... Jus's cause you see many diff people of color or euro , Asian bizzness owners it still technically not their property, Jus's lease space... The Jews own a lot of the land..that's the chess game they play... The bigger chess move they play is by making it damn near impossible to get a vendors license so that you can't shy away from using their properties to operate... People don't want to talk about the real game they play to keep the odds in their favor... The "internet" is the loophole that scares them cause it takes away their odds.. Running bizzness out your apt and doing trades for products and services is a game changer.. The game they hope people don't realize and than understand
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