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Thread: Plateau

  1. #1
    21YearOld is offline
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    Default Plateau

    Hello world,

    I'm trying to figure out what is next for me. I started as a young entrepreneur selling high priced shoes on ebay becoming a power seller at age 16. So I've done the ebay thing. Then went into flipping cars with my friend. I love real estate. I have 5 single family homes that give me a nice income.

    My "steady" job is an audio engineer. Basically I can do pre/post production for anything that has to do with audio.

    I have about 500,000$ in savings that I'm willing spend.

    I've thought about going into "flipping" homes. Buying a fixer, fixing it up, selling it asap.

    But, I just don't think it will give me the money I desire.

    I'm open to anything that makes money. What would you guys do with 500k ? Whether I'm the brains of the operation, or the investor.

    Came here for any ideas or comments.

    Thanks Guys!

  2. #2
    Rickson9 is offline
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    What are your expectations? What makes you suspect that rehabbing won't be a good return on investment?

    I also have rentals and the returns are good. Nothing spectacular, but good. Leveraging OTM with a joint venture or limited partnership can turn it into a business with more punch, but that's another story.

    Best regards.

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    21YearOld is offline
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    @rickson9 My expectations are 8 figures. Hmmmm I'm not sure. I may just be a little bored with real estate. But it would probably wouldn't be smart to leave just because I've lost interest. So are you saying joint purchasing property with someone else or another company?

    -21

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    Rickson9 is offline
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    Quote Originally Posted by 21YearOld View Post
    @rickson9 My expectations are 8 figures. Hmmmm I'm not sure. I may just be a little bored with real estate. But it would probably wouldn't be smart to leave just because I've lost interest. So are you saying joint purchasing property with someone else or another company?

    -21
    Yes. Being a general partner using the money of limited partners to purchase apartments. You would need to set the buy in to a relatively high amount to get rid of the riff raff.

    http://www.prestprop.com/

    You sound like you have a talent for selling so it wouldn't be difficult for you to get limited partners, but it really depends on how much of your heart is into it.

    Best regards.

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    21YearOld is offline
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    @Rickson9 Thanks a lot. I have began looking into this.

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    Rickson9 is offline
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    Quote Originally Posted by 21YearOld View Post
    @Rickson9 Thanks a lot. I have began looking into this.
    Good luck!

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