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Search results

  1. White8

    Fast Lane Financing

    REAL ESTATE 
    I'm about 30 days out on starting a mini storage project and have a bridge loan in place for it. I've since found a couple of additional properties that I think I can get for next to nothing to develop another mini storage facility and a tiny home village. Since I would have a low equity...
  2. White8

    Creative Financing

    I read an article the other day about Evan Holladay and how he has been able to creatively finance 100% of several affordable housing projects using a combination of grants, tax credits, and low rate financing. I've got a commercial project about to start with significant LTV but I stumbled...
  3. White8

    Starting Over

    Back in 2008 I made a horrible mistake and bought a construction industry business just before the great recession. After spending everything I had to keep it alive, in 2016 I finally shut it down after being stiffed $35,000.00 by a general contractor on a BLM job. The only good thing to come...
  4. White8

    Brand Recognition Problem

    MARKETING 
    A few years ago I purchased a business. The seller's son stayed with the company for a period of time as an estimator and then left to concentrate on a competing business that he purchased despite a non-compete (which should be resolved in a few months..). Along with stealing all of the...
  5. White8

    I think I got screwed

    The business I bought two and a half years ago has never lived up to the financials I received and had reviewed by my CPA at the time and the lender. A month ago I noticed an anomaly in Quickbooks and sent the current file as well as a file that "wasn't used" by the business broker to determine...
  6. White8

    Incentivizing Consumer Financing (without expense to me)

    I've found that I can finance customers through GE Financial with a six month no interest, no payments program but the discount rate is 3%. Currently the business is primarily a net 30+ business with a few paying early and most general contractors paying "when they get paid" which is stressful...
  7. White8

    My back is against the wall and don't know where to turn

    I bought what I thought was a good business 18 months ago. Income to debt ratio was 3 to 1. Since the 2007/ early 2008 numbers I bought the business based on, the economy has gone to crap culminating in a $140k loss for 2009. If I didn't have the loan on the business the situation would be a...
  8. White8

    Naming a product

    I've located a line of small portable generators that I'm planning to import. I've got all of my based covered, I've located a freight forwarder/customs agent who deals with another customer who deals in the same sort of product that has reported very good sales results and have had the...
  9. White8

    Other people's money

    How would I go about structuring a business purchase using other people's money and keeping myself isolated financially in case of a problem? (i.e. no personal guarantees) I bought an electrical contractor a year and a half ago which depleted my excess cash and with the economy I'm reluctant to...
  10. White8

    Quickbooks

    The business that I bought several months ago uses Quickbooks, and to be honest, I've not particularly fond of the way it does some things having come from a business that used a much more powerful industry specific piece of software. I've been tossing the idea of an open source knock off of...
  11. White8

    Fast Lane Families

    OFF-TOPIC 
    How many of you came from a fastlane/middle lane family? My father and grandfather were fastlane real estate developers with dad retiring from the development side of the business before40. I have two cousins that own businesses and one who does contract engineering work for a company that...
  12. White8

    Opportunites in this economy

    The current economy has definitely created some challenges but also can create opportunities it's just a matter of trying to have a positive outlook and looking for them. I bought an electrical contracting business about six months ago and so far things have been going ok to well with a couple...
  13. White8

    Apartment prices

    REAL ESTATE 
    What are apartment prices doing around the country? Here in Oregon, comps are starting to show a decrease in price and actually a few really good deals on some nice properties. Since the election Loopnet has been blowing up my email box with new listing, presumably with sellers trying to...
  14. White8

    Opinion of typical MF offerings in my local area

    REAL ESTATE 
    I receive multi family listings from a couple of companies regularly and have attached a typical one that I received a few days ago. This particular one is an an area that I don't like so I have no interest in it but was curious to get some opinions from the people on the site who deal in multi...
  15. White8

    How not to run a business

    The intent of this post is not to rant but to point out problems that can cause a great deal of damage to any business. A couple of years ago I worked for a small (7 employee) young company and recently ran into a former coworker who worked for the business until it closed earlier this year...
  16. White8

    Tax lien certificates. True or BS

    REAL ESTATE TAXES | REGS 
    I was channel surfing while eating lunch and came across an infomercial for tax lien certificate sales. After googling and reading about the concept, which appears to be buying a tax lien with the hope that the property owner will default, is there any merit to the concept or is it the typical...
  17. White8

    Consumer Credit

    Any suggestions for reputable companies that provide consumer credit for customers? Preferably something with no interest, no payment for a period of time. My background includes previous ownership of a John Deere dealership with similar programs through John Deere Credit which significantly...
  18. White8

    Credit Crunch and Commercial Properties

    REAL ESTATE 
    I was speaking with a couple of local commercial/multi family brokers the other day and they said that the housing market credit crunch is extending into the multi family market, keeping ready buyers out of multi family properties. Given a while to simmer it might create some excellent...
  19. White8

    An interesting observation

    I've noticed something interesting recently about tying the right name to a venture. About a year ago a restaurant opened up a few blocks from my home. Each time I drove by during the dinner hour the parking lot was a ghost town and I thought to myself that they are bleeding a lot of red ink...
  20. White8

    Shifting Acquisitions into high gear

    I'm nearing the close on my business purchase which is June 11 which pretty well takes care of my available cash for the time being. Since we are mid year, if I take a reasonable salary out of the business, accelerate the payments, and don't drain all of the profits out of the business, it will...
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