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Recent content by IceCreamKid

  1. IceCreamKid

    "Real estate produces more millionaires than any other industry."

    QUESTION 
    It wasn't a -$100k operating cost. The 6 figure loss was mostly the value of the real estate sold at a loss in addition to the operating cost. The worst performing one was sold at a $30k loss. What blows my mind is that the turnkey property management company simply buys the property back then...
  2. IceCreamKid

    "Real estate produces more millionaires than any other industry."

    QUESTION 
    Thanks for the questions, @biophase and @MJ DeMarco All of the above. It was a myriad of mistakes. Here's the full story: My sisters have been investing with a turnkey property management company for years and were very satisfied with them. Early 2020 I decided to jump in and quickly buy 10...
  3. IceCreamKid

    "Real estate produces more millionaires than any other industry."

    QUESTION 
    I lost 6-figures on my rental properties last year. I'm not against real estate, but it seems significantly more difficult now than a few decades ago. Thank you for sharing your thoughts here. I feel that it is a much needed message in the current environment. A friend of mine is a middle...
  4. IceCreamKid

    Your Best and Worse Defenses for Inflation...

    NOTABLE! INVESTING 
    It would be nice to get a much nicer house for the same dollar, but I'd be leaving a ton of family behind. My family ties are strong here and it would make me sad to leave them behind. I don't think most of them ever pause to truly reflect on this. Since the cost of living here is extremely...
  5. IceCreamKid

    Your Best and Worse Defenses for Inflation...

    NOTABLE! INVESTING 
    I feel exactly the same as you, but I live in California. Inflation + corrupt politicians are ruining the state and I am now at a point where I'm considering leaving. My house is worth $1.3M and I don't feel safe walking around outside. The homeless zombies are multiplying here because fentanyl...
  6. IceCreamKid

    Your Best and Worse Defenses for Inflation...

    NOTABLE! INVESTING 
    I prefer newly-released because vintage requires a lot of experience to determine value. Rolex, Patek, and Audemars Piguet are the best IMO, but you have to be careful which models you buy because some are valued purely on hype similar to Beanie Babies from the 1990's. Supply/demand still...
  7. IceCreamKid

    Your Best and Worse Defenses for Inflation...

    NOTABLE! INVESTING 
    Probably, but I'll never know. The major mistake was I didn't vet the property management company well enough. They have been around 20 years and had a good reputation, but secretly sold their biz while still keeping the brand name. The new owners will rent your property to anyone with a pulse...
  8. IceCreamKid

    Your Best and Worse Defenses for Inflation...

    NOTABLE! INVESTING 
    I've increased my carpet cleaning pricing by 50% over a span of 3 years. There was initially some resistance, but clients now seem to just accept that obscenely higher prices are the way of life. I don't know how the common paycheck to paycheck American is surviving in today's world. I'm...
  9. IceCreamKid

    MTF needs a slumpbuster: Too many swings, no hits.

    GOLD! 
    I can't remember if it was you or another forum member, but weren't you the one that was struggling with physical health such as perpetually low energy levels? It's hard to think with clarity when you're tired. It's also hard to execute when there's no gas left in the tank. Perhaps let's...
  10. IceCreamKid

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Yes. Ebay has really good buyer protection and almost always sides with the buyer when there's a claim of items arriving not as described. Video record yourself opening the package if you want to go the extra mile.
  11. IceCreamKid

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    My favorite thing about Costco: their inventory is targeted based on the primary demographic that shops there. Must be a logistical nightmare to accomplish this at scale. I also like supporting them because they seem to give a damn about the well-being of their employees as opposed to only...
  12. IceCreamKid

    Does anyone REALLY wake up excited in the morning?

    NOTABLE! HOT! 
    I manage a small team of outbound sales reps and honestly I wouldn't recommend it because the competition is insane today compared to just 5 years ago. With A.I. and all the automation tools it's ridiculously hard to stand out in a noisy arena unless your offer is very compelling. As a result...
  13. IceCreamKid

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    It's clear we have 2 opposing sides when it comes to health and fitness as we age. I'm curious, can we all agree on how we feel about drinking as we age?
  14. IceCreamKid

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    I felt perfectly fine at 30. Report back on how you feel after an injury. For me it happened at 35. Injuries past a certain age can be life changing. Recovery time takes way longer and the body gets stiffer too. Goal should shift from maxing out in the gym to maintaining a low resting heart...
  15. IceCreamKid

    Blue collar coach

    MARKETING 
    Rule #1 the easiest way to get rich is to sell to rich people lol. Here's our current process: Run advertorial style ads on FB Collect opt-in information Before prospects can book a meeting on the calendar, they're asked a few qualifying questions. If they do not qualify, they're thrown into a...
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