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  1. Rich Wood

    Starting in my family business. Any advice on what to do, what not to do?

    Varun, Family businesses can be great, but it really depends on how you approach it. I left a very lucrative position in another company to work side-by side with my father about 7 years ago. We have always been best friends, and I wanted to continue his legacy and spend more time with him...
  2. Rich Wood

    Is a qualified investment plan worth it for an entrepreneur

    I know the gov't and financial advisers push everyone into 401-k's, and IRA's with the opportunity to have deferred taxes, or opportunities in the public equity market, but is it truly the best long term investment?? I really don't think so, even with a match. The reason I ask, is for a couple...
  3. Rich Wood

    How can someone with no cash start a real estate empire?

    HOT! REAL ESTATE 
    Great Thread and Topic - So many people are in the same boat as you. In fact, so was I about 7 years ago. My friends and I got together and decided to pool our resources. Some took out a Heloc on their home, some decided to ask there parents to Heloc their homes, and some cashed out their...
  4. Rich Wood

    All I have is Money... Best High Investment Business Ideas?

    HOT! IDEA 
    Not sure the post is real, but will help out in any case. Depends on if you want to be active or passive, and what you are comfortable with risk wise. Coming from someone who has made millions and spends millions each year what I would recommend is the following. Diversify your holdings, and...
  5. Rich Wood

    I have zero motivation to work after losing over $100,000

    HOT! FTE 
    A couple years back I had a project go south, and I lost about $110k because of others actions (outside of my control). I know the feeling you are going through. It made be stronger though, when I overcame it. I focused on other things outside of this one loss, and promised never to make the...
  6. Rich Wood

    Advice: Has Anyone Groomed Themselves to Enter The American Elite?

    HOT! MINDSET 
    First off - very happy for you. Where comes much power or wealth comes much responsibility. Stay passionate with what interests you, give back, use your time wisely, and get out and do good in the world. Be careful not to trust those who seek your money or power for their benefit only...
  7. Rich Wood

    Seeking like minded Entrepreneurs, Small Construction Business Owners, and Real Estate Developers

    Seeking like minded Entrepreneurs, Small Construction Business Owners, and Real Estate Developers
  8. Rich Wood

    Small Business Owner - Looking for Advice

    INTRO 
    Hello from beautiful Northern Utah. I live in Salt Lake, just west of Park City. I am completing 20 years of work experience this year, in various industries and with various positions. I have a Bachelors in Marketing and Finance from the University of Utah and an MBA from the University...
  9. Rich Wood

    37 years old with $1.6M in REIT holdings - seeking to grow

    Thank you, LP deals are what I am in now. Have you done dev deals before. What returns have you enjoyed?
  10. Rich Wood

    Light Commercial Development - Seeking Advice

    Salt Lake City, UT
  11. Rich Wood

    37 years old with $1.6M in REIT holdings - seeking to grow

    I've been told that the new magic financial freedom # is $10M. So given that I have some distance to go, as I'm at about $1.6M in holdings now. I'm shooting to be financially free by the time I'm 43. In pursuit of this, I am seeking advice from professionals who may be there on how to...
  12. Rich Wood

    Light Commercial Development - Seeking Advice

    New Contributor - Hope to collaborate with true professionals. I am looking for ideas in developing a light commercial park (4-6 buildings) on a 3-4 acre site. Has anyone done this before? What % of the site should be dedicated to the buildings, common grounds, and shared space. I will seek...
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