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  1. MonTexan

    David Buckner passes out live on the air w/ Glenn Beck

    FUNNY 
    I found a follow-up youtube clip where Glenn Beck was discussing the pass-out situation the following morning. Evidently Mr. Buckner's son had a flu bug which all-of-a-sudden struck him as well. Probably the sickness combined with nerves...
  2. MonTexan

    David Buckner passes out live on the air w/ Glenn Beck

    FUNNY 
    Evidently the full-weight of the current economic situation hits Mr. Buckner pretty hard as he ends up passing out live on the air with Glenn Beck. After the fact, Glenn said that he was OK so here it is.....in the funnies. YouTube - David Buckner On Glen Beck 4/13/09
  3. MonTexan

    Need $100k line of credit

    Hak – I have had good success in using “money partners†for this very thing. Finding that many friends and family were interested in my real estate endeavors, I started sharing with them what I was doing and let them know early on that I might take on investors at some point in the...
  4. MonTexan

    Car Wash Experience Anyone?

    REAL ESTATE 
    Good thought. I'm not sure of the answer as I haven't done much research into new construction. I guess time would be my primary hang-up with trying to build one from scratch. Getting the necessary permits, bids, contracts etc. and then managing the construction process would be pretty time...
  5. MonTexan

    What Do You Call These People?

    HOT! 
    Time Vampire Recently saw this funny youtube clip and thought the term "time vampire" was great! Listen close....it's in there. (There's quite a bit of language on the video) YouTube - Sony Releases Stupid Piece Of Shit That Doesn't F*cking Work
  6. MonTexan

    Car Wash Experience Anyone?

    REAL ESTATE 
    Thanks for the input, MJ – and the validation that it can be a FastLane biz! The reason for the disrepair and run-down appearance of the property is health issues of the current owner. He built the place and has run it since 1983 including all maintenance and repair work. He lost a leg...
  7. MonTexan

    Car Wash Experience Anyone?

    REAL ESTATE 
    My thinking exactly! They take pride in their vehicle and keep them shining. $6,000/mo is what I meant. This would translate to $200/day, or 40 cars/day at $5 per wash. My 80% expense figure is for the current operations. My model increases the expenses proportionally with increased revenue...
  8. MonTexan

    Car Wash Experience Anyone?

    REAL ESTATE 
    Thanks for the input. As for property value, I’d say it’s no more than $50k. It is located on the busiest street in town, but there are plenty of empty lots so land isn’t too scarce. Vandalism is a concern, but in talking to the current owner as well as a friend of mine that owns a...
  9. MonTexan

    Car Wash Experience Anyone?

    REAL ESTATE 
    I’m currently evaluating a 5-bay self-service car wash and would like to hear your thoughts on what to look out for and any rules-of-thumb you may have for evaluating this type of business. The property is not currently being marketed for sale; I sent a letter of inquiry to the owner and he...
  10. MonTexan

    $25k passive income in commercial real estate

    REAL ESTATE 
    I’ve been thinking quite a bit lately about this very question…..how much passive cash flow do I need to create (from real estate) before I can quit my day job and do REI full time? Excitedly, I’m starting to think that the answer is MUCH LESS than what I’m currently making in salary...
  11. MonTexan

    Do You Need More Time in a Day?

    This made me think of an article I read a couple years ago on "polyphasic sleep." It's a process of training yourself to go into REM sleep very quickly while sleeping in 20-30 minute "naps" throughout the day, thereby only sleeping 2-3 hours per day. :coffee: Wow, sounds crazy, but it would...
  12. MonTexan

    Apartment Market

    REAL ESTATE 
    Looks like changes in the "mark to market" rules are happening... U.S. rulemaker softens mark-to-market's bite | U.S. | Reuters
  13. MonTexan

    April Fool's Day

    FUNNY 
    I always used to wrap a rubber band around the sprayer at the kitchen sink so it blasted the first person to turn on the water....works every time! :wtf:
  14. MonTexan

    Hyperinflation and Real Estate

    INVESTING 
    Last October I read two interesting books that were fairly insightful about our current economic situation and discussed inflation in great detail. They were: “The Coming Economic Collapse†by Stephen Leeb and “The Little Book of Bull Moves in Bear Makets†by Peter Schiff. Below is a...
  15. MonTexan

    Misconception: Wealth = Luck

    HOT! 
    I think that most "lucky" people create much of their own "luck." Have you ever started up a conversation with a stranger on an airplane who just-so-happened to be very successful in the exact field you are pursuing? Maybe this person then ended up being a mentor, investor, business partner...
  16. MonTexan

    Beer & Pancakes 2010 info

    HOT! 
    :cheers: + :smx7: = $$$ Looking forward to it!
  17. MonTexan

    Vollucci - Membership Subscription

    REAL ESTATE 
    I noticed that as well Steve! Do you continue to use their service?
  18. MonTexan

    Vollucci - Membership Subscription

    REAL ESTATE 
    That's correct. So far I've got all SFR's and a small apt complex. Planning to get into larger properties that can support on-site management....gotta get into the big leagues!
  19. MonTexan

    Vollucci - Membership Subscription

    REAL ESTATE 
    After reading several comments about Vollucci's book in the apartment investing threads, I picked it up and read it today....lots of good stuff in there. I see on their website that they offer a membership subscription to gain access to their research on market cycles. Does anyone subscribe to...
  20. MonTexan

    What’s your opinion of social networking sites?

    WEB/DIGITAL 
    Facebook, myspace, linkedin, etc? Have you gotten any benefit from them? I have personally never signed up for an account at these sites and I’m curious what others think about them? I guess my main reason for not opening an account thus far is I felt I would end up wasting too much time...

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