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Recent content by Jack Bauer

  1. J

    New Construction Loan and Building Process

    REAL ESTATE 
    When you were done with construction, did you take out a traditional mortgage to pay the HELOC?
  2. J

    Part-Time Real Estate Agents - Urban Areas

    REAL ESTATE 
    Hi RE Agents, I am curious about getting my real estate license and becoming a part-time agent. How much time does it take to close a deal on average? I am curious because it seems like the average commission is between 2-5% and in urban areas this could be great. A friend of mine does it...
  3. J

    New Construction Loan and Building Process

    REAL ESTATE 
    Hmm I will look up resources on a "punch list" for residential construction. I can be there easily since I live close. Thanks RMarques
  4. J

    New Construction Loan and Building Process

    REAL ESTATE 
    Makes sense, is there a term for a third party inspector that can oversee that different types of construction since I will probably be using equity? I have heard of instances where the GC may use materials that are cheaper than agreed upon and where they generally cut corners...tough to know...
  5. J

    New Construction Loan and Building Process

    REAL ESTATE 
    That is the big question, what sort of things would I need to put the brakes on? I am leaning towards pulling the equity out of the existing property like you said after reading about how hard it is to get a construction loan. Maybe I am mistaken, but are you saying that when you get a loan...
  6. J

    New Construction Loan and Building Process

    REAL ESTATE 
    Hi Everyone, my family has some land that I want to develop. I have started the process by reaching out to lenders. There is not much I could find about new construction loans, especially if you already own the land. I am thinking of getting a FHA construction loan but have read that those are...
  7. J

    How Many Products/Ideas

    IDEA MINDSET 
    That's the thing, it has actually been keeping me up late at night. It is 2AM here and I can not for the life of me turn my brain off. Right now I have a "me too" business idea and I am thinking of a way to differentiate it.
  8. J

    How Many Products/Ideas

    IDEA MINDSET 
    Where do I even start? Regulations...technical challenges...market acceptance of the existing tech. Most of the barriers being with batteries and integrating them into existing homes. I have looked into this but it is an ultra high capital startup cost...Musk had to have PayPal before Tesla etc.
  9. J

    How Many Products/Ideas

    IDEA MINDSET 
    I'm 30 years old, I have an electrical engineering background and am savvy with technology, engineering, construction, and renewable energy. I am the sole breadwinner of my household ever since my dad had a heart attack and stroke that resulted in paralysis and inability to work. I do not have a...
  10. J

    How Many Products/Ideas

    IDEA MINDSET 
    Sorry, being an entrepreneur is completely new and overwhelming to me. The site has so many resources it is actually inundating. Maybe you guys forget what it was like to start out? People will say to me, do nootropics on Amazon FBA, no do REI, no do SEO/e-mail marketing. I'm sorry if I haven't...
  11. J

    How Many Products/Ideas

    IDEA MINDSET 
    Hi Everyone, Question to everyone that has netted over $1M in profit, out of curiosity... How many products and ideas did you launch before hitting a net profit over $1M? Jack
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