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  1. J

    What do you do when you have no ideas

    HOT! IDEA 
    Fab89 - Have you read Millionaire Fastlane yet? If not, you definitely should. For example, in one chapter MJ DeMarco points out that you're going to need to become a "producer" of something, in other words, a business owner. He then goes on to break down what he calls the "five money tree...
  2. J

    Question time: Do looks matter for success?

    HOT! MINDSET 
    I think it really depends on where you're looking for success. Have you thought much about the where-how-and-why of what success means to you? There are countless examples of very successful people, both financially and in the public image, that really aren't that good looking. Some of them...
  3. J

    My Wife is a total sidewalker, any advice?

    HOT! 
    chipmx, My advice to you is to not try to work this out on your own. You can't just walk away from your marriage over material things like this. If she was having an affair and that was a total dealbreaker for you, then I get it, divorce is imminent. But this is not that. Also, you have two...
  4. J

    From Many Years in Corporate to Completely "Unscripted"

    INTRO 
    Thanks to all of you for being very welcoming and even sending me some direct emails. Now I am even more motivated to finish my apartment building exterior renovation along with reading TMF. I hope it makes sense to read TMF after reading Unscripted. Have any of you read them out of order...
  5. J

    What is the BEST "value" you ever paid for?

    NOTABLE! HOT! EXECUTION CHAT 
    For me it's always been my utility bills; water/sewer, gas, and electric. Fresh water in, waste water out. An endless cooking flame or source of heat. So much electricity that even Clark Griswold couldn't kill the nuclear electric power plant with his 250 string 25,000 white Christmas bulb...
  6. J

    From Many Years in Corporate to Completely "Unscripted"

    INTRO 
    Thank you Arthur. I'm here to learn and get motivated but also to contribute wherever I can. I find it very rewarding to help others achieve their goals even if it's as simple as sharing my past experiences. You're right about hard work. Show me a worthwhile achievement that didn't have hard...
  7. J

    From Many Years in Corporate to Completely "Unscripted"

    INTRO 
    Thank you SteveO. I don't have any experience with Triple Net lease opportunities. My initial thought is having a single tenant would be riskier than a multifamily building. Thoughts? I do however like the return you're suggesting on $1M in capital. Now I'm intrigued about what you're...
  8. J

    From Many Years in Corporate to Completely "Unscripted"

    INTRO 
    Hello Gwenqou, Sure, I would love to share more detail about this. After I left my corporate career I began attending real estate networking events (seminars, mixers) in the Los Angeles area. I made some friends with people into multifamily investing and found myself intrigued. I began...
  9. J

    From Many Years in Corporate to Completely "Unscripted"

    INTRO 
    Thank you SteveO. Yes, one of the formulas I used in addition to those you mentioned was GRM, or Gross Rent Multiplier. Once I realized a $100 per month increase on one unit in my area (where market values are at a GRM of 15 ) translated into an $18,000 increase in market value ($100 x 12...
  10. J

    From Many Years in Corporate to Completely "Unscripted"

    INTRO 
    Thank you for the tip Mr. DeMarco. In regards to retaining the vacation rentals, the cities we were in started requiring hosts to be present during the guest's stay. In other words, you can rent out a spare bedroom but not the entire place. Their goal was to get rid of people doing this as a...
  11. J

    Have You ever been in this Indecisiveness situation?

    MINDSET 
    I agree with most of the others here: finish what you've started and mostly completed. Almost finishing is sometimes worse than never starting.
  12. J

    DONE Is Better Than Perfect (The '7 Out of 10' Rule)

    MINDSET 
    Thanks for the reminder. Sometimes I find myself spending more time making the lists of things I need to do than doing the things on my lists. Crazy, right? Progress leads to more progress.
  13. J

    From Many Years in Corporate to Completely "Unscripted"

    INTRO 
    Hello, I spent many years working full time while attending college at night (took 7 years) and then moved on to a corporate career. I moved up the ladder pretty quickly at a $100MM company with 250 or so employees. I spent over 16 years there (managing IT and Finance) and left for a...
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