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Search results

  1. O

    Purchasing a Condemned Building as a Revenue Generating Asset

    IDEA 
    Good afternoon, I had worked in the past with some family in their real estate investments. Unfortunately, I was too young to really understand the amount of administrative paperwork that had to be done for the unit to be habitable. I had just remembered that the property was officially...
  2. O

    Purchasing a Condemned Building as a Revenue Generating Asset

    IDEA 
    Good morning, Got it, I would have to sink more time into the local law and market conditions. I really appreciate the replies!
  3. O

    Purchasing a Condemned Building as a Revenue Generating Asset

    IDEA 
    Good morning, I appreciate the insight. I was just exploring the concept and wanted to see if the consideration of the business model is worth the headache. I am at a crossroads where I am looking into options of property acquisition. I may have phrased my question improperly, I was really...
  4. O

    Purchasing a Condemned Building as a Revenue Generating Asset

    IDEA 
    Good morning, I am currently considering looking into Condemned properties as a vehicle for generating revenue. I have some construction experience as well as tools that would allow for most of the fixing to be performed. I would appreciate any insight on the process. Additionally, I would...
  5. O

    16 Years old, and need business ideas.

    INTRO 
    You run into the issue of them owning the assets that you produce. I say you are at the stage where you could build your skills to a higher degree. If I was 16 again I would take up coding as well as the skills you are currently engaged in. A digital product such as SaaS is something that is...
  6. O

    16 Years old, and need business ideas.

    INTRO 
    You may want to look into the local law for your corporate code. If you are trying to form a business it may be important to do the work you are planning to do through and LLC so you are not personally liable. Since you are a minor you may not be able to form the corporation.
  7. O

    I am 19, I have $15,000, and I have an audience.

    IDEA 
    Good afternoon, I recommend using the discord platform. Many of the demographic you are aiming for are people who spend much of their free time on a computer or mobile. It allows for a sectioned off communication channel, where you can offer tiers of products. It also allows for you to make...
  8. O

    I am 19, I have $15,000, and I have an audience.

    IDEA 
    I have to agree with Kevin, in college and military I have seen people from the ages of 18-25 really struggle with goals and aspirations for the future. I understand that the demographic that you are aiming for is the one that you are most familiar with being that you have experienced those...
  9. O

    House Hacking as a Method of Generating Capital

    IDEA 
    Good morning, Got it, I am trying to hedge the upcoming inflation and overvaluation of stock with a property of consistent cash flow. If you are able to cover most of the mortgage, that takes a bunch of pressure off of the financing. If you have a signed lease, you are able to report that as...
  10. O

    House Hacking as a Method of Generating Capital

    IDEA 
    Were you able to cover the mortgage with the income that the tenants brought in, or did you have to add your won income to cover the mortgage cost?
  11. O

    House Hacking as a Method of Generating Capital

    IDEA 
    Good evening, I plan to reside in the property, I am in the age where most people are still in college, therefore I would be living among my peers. I plan to do so in order to have a greater sense of control over the situation at the location. I noticed that people tend to take better care of...
  12. O

    House Hacking as a Method of Generating Capital

    IDEA 
    Good afternoon, I am a young unmarried man, with a high likely hood of being able to secure a good loan for property. I am a service member who had completed the requirements to secure a VA Loan. I am in the age where most of the people who are my peers are in the college and in need of...
  13. O

    I am 19, I have $15,000, and I have an audience.

    IDEA 
    I am 21 of a similar age as you and I have also thought about getting into the same sphere as you, however I work fulltime in an environment where I cannot be public. I was thinking about using my financial experience to educate young men ages 16-24 about personal finance. I now recently...
  14. O

    College Student Finishing Up Degree and at a Crossroads

    INTRO 
    I could probably live off of the investment for about two years. However I do not want to spend it as I hope to get capital gains on it.
  15. O

    College Student Finishing Up Degree and at a Crossroads

    INTRO 
    Could you start the PM? I am not sure how to send PMs on this platform.
  16. O

    College Student Finishing Up Degree and at a Crossroads

    INTRO 
    Would you be willing to link up? I would love to pick your brain.
  17. O

    College Student Finishing Up Degree and at a Crossroads

    INTRO 
    I had never thought to have almost a presentation ready for friends and family, that would make it seem much more like a goal to achieve than just aimless busywork. SDSU
  18. O

    College Student Finishing Up Degree and at a Crossroads

    INTRO 
    Is there anything in particular that you would recommend? Is there a way to tell family and friends without them having too much skepticism? I am also located in San Diego, thought it was a funny coincidence.
  19. O

    College Student Finishing Up Degree and at a Crossroads

    INTRO 
    Good afternoon, I am about to finish my bachelor's degree in finance in about a week and now I am at a crossroads in my life. My family is pushing me to get a full time job and then pursue an MBA and work for a company long term. I want to start a business and I have one in mind. I think the...
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