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  1. S

    $700 Million Tenured CRE Pro seeks to "Fastlane" existing biz

    REAL ESTATE 
    Sounds like you're doing very well. From 0 - $60mm under management in 2 years is impressive and if you get institutional backing you'll be really off to the races. I look forward to reading further updates. What is your plan for the assisted living facility? Are you going to own / manage it...
  2. S

    Turn-key rentals in hot rental markets?

    REAL ESTATE 
    If the returns they provide fit within your investment criteria then you might as well give it a shot. Memphis Invest has a pretty good reputation for being transparent and not grossly overstating potential returns. I've never purchased from a turnkey operation, but a few years back a partner...
  3. S

    Narrowed it down to two ideas

    IDEA 
    Pretty interesting concept. It will certainly come with it's own set of challenges with so many moving parts, but there is certainly a lot of value there. I would definitely pay for this service and would be ecstatic if it had a robust online presence that allowed me to schedule services /...
  4. S

    Rent-to-Own investing as Intentional Iteration

    REAL ESTATE 
    You're simplifying the lease option game quite a bit, but yes it can be profitable. Fastlane? I guess, but to do so you would need to raise a bunch of money rather than dealing with small time investors getting residential mortgages here and there. If you're going through the trouble of...
  5. S

    Confused about divorcing your time from money in relation to liquidity even

    If you can scale enough that your net justifies an 8 figure liquidity event and you can still run the business on six hours a week, would you actually sell? Once you've built the processes you're working on now - treating the business like a piggy bank for six hours a week is about as passive...
  6. S

    Money Makes you Happier

    HOT! EXECUTION 
    The Perfect Salary for Happiness: $75,000 - The Wealth Report - WSJ Is that the study? This study claims that $75k per year is the tipping point where people feel pretty secure about life and excess income provides more stuff but not necessarily more happiness. It would be interesting to see...
  7. S

    48 Unit Apartment Building for $430K - no fix up needed

    REAL ESTATE 
    Too early to tell without any specific details. Two issues that jump out immediately is how are you going to provide good management? The property is too small to hire full time staff and in a town that size there are likely no property mgt companies. The other issue is if you run 100%...
  8. S

    Ultimate Bootstrap: I'm making $200,000+ doing Residential Sales

    HOT! 
    Hopefully i'm wrong but this reminds me of a scheme that people used to ( still? ) run around here with solar hot water heaters. They would set up a phone room as well as door to door sales operations which would sell these systems at about double to triple the normal cost to unsuspecting...
  9. S

    July 1, 2013

    MINDSET 
    Great topic. Was thinking about this for a while on the first. Decided I was both succeeding and failing to meet goals. Positives: -Well ahead of plan for real estate deals. -Raised my first amount of ( non family ) investor capital with relative ease. Have others trying to get me to...
  10. S

    Fastlane Path- Real Estate Vs. Starting a company

    EXECUTION 
    This all depends on how much access to capital you have or how good you are at raising capital. If you're connected enough you can absolutely find financial freedom in the fast lane time frame. That being said you've got no track record ( correct me if i'm wrong ) so it will be difficult to...
  11. S

    Decisions, decisions...

    EXECUTION 
    I'm not really following the math here. How do you figure that having a six figure job that allows you invest part time will put you in a position of financial freedom? Factor in 2 years for school and assume you'll make 100k per year ( ignore the school cost )and you're talking about grossing...
  12. S

    **My Profitable Proposal For Those that Can Think In The FAST LANE**

    HOT! INVESTING 
    I haven't had the time to read this wonderful trainwreck of a thread - but has the explanation for the celebrity status already been given?
  13. S

    [INSIDER CALL] Raising Money for your Project

    HOT! 
    Just wanted to drop in this thread and say thanks again. I've been putting a little bit of your advice to work and so far it is getting results. I'm finding that if you have a reasonable track record it's really not that hard to find investment capital. So far i've got several verbal...
  14. S

    How do you behave when finally rich? (but your friends aren't)

    NOTABLE! PEOPLE 
    Why would money change your relationship with friends? Money doesn't change how you act and who you are, it just gives you more freedom. Will you gravitate towards more like minded people? Yes, but doesn't mean you need to get rid of old friends.
  15. S

    Real Estate: What's Your Style?

    REAL ESTATE 
    That's great info, thanks for posting. From your experience it sounds like loan processing times are significantly reduced once you've been approved by hud? Will ping you for the guy who brokers these loans.
  16. S

    Building a construction business

    HOT! 
    Very tough industry to grow a business you are well funded or connected to the right people. It's certainly doable but it won't follow a fast lane model in terms of timelines. Most of the successful medium to large size guys I know have been in business for a very long time if not generations...
  17. S

    MJ DeMarco Interview at Eventual Millionaire

    EXECUTION 
    Good interview. Thought the commentary about the moving box issue was interesting. There is a local company who started doing this exact thing a few years ago called bungo box. I think they've started successfully franchising.
  18. S

    Why DIDN'T this idea work?! (dissect my website service)

    IDEA 
    Go read the book Cashvertising and you will have your answer as well as a blueprint for improvement.
  19. S

    Investments

    INVESTING 
    Land banking for a novice real estate investor? Wouldn't recommend that. Those guys are usually incredibly wealthy investors who are either developers / builders or someone looking to defer taxes by placing some 1031 money. High risk and high reward investment. You run a real risk of ending...
  20. S

    Dr. Dre Donates $70 Million

    OFF-TOPIC 
    It would be great if the 1% donated 1% of their net worth to worthwhile charities, medical research, Etc. The poor are not a worthwhile charity and besides, the top 1% already supports many of these people by handing over 39.6% of their gross.

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