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Action Takers - What Are You Up To?

AroundTheWorld

Be in the Moment
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Can't say I blame the person making that 100% carry offer. Given the current market I can even see myself asking the same if I get the slightest belief the seller is more than motivated.

Yea, me too... we always ask for the moon when we buy. On our current deal, we offered 10% down, owner carry for the rest..... they had it listed at 350K and we offered 250K.

But, on the selling side, it is a different story, particularly with a commercial property. Worst case: They buy the business on an owner carry, run it into the ground, and we have to take it back. We would be worse off than we are now. Not only did the business not sell, but has now been injured and we have to put a lot of time and effort into repairing the damage.
 
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MJ DeMarco

I followed the science; all I found was money.
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September...

1) Move back into my newly remodeled home and finally get settled! (Close to being done!!)
2) Find a new primary doctor
3) Be able to workout again without pain. (2X week)
4) Be able to do cardio workouts without pain (3X week)
5) Get back on track with my book and this forum. (Participate more, complete 2 chapters)
6) Get weight back down to 175. (Currently 182)
 

michael

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September...

1) Move back into my newly remodeled home and finally get settled! (Close to being done!!)
2) Find a new primary doctor
3) Be able to workout again without pain. (2X week)
4) Be able to do cardio workouts without pain (3X week)
5) Get back on track with my book and this forum. (Participate more, complete 2 chapters)
6) Get weight back down to 175. (Currently 182)


Wishing you a full recovery and good health MJ
 

kimberland

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Well, I received my royalty statement
for May and June
(the first two months of release)
and I sold...
26 books.
Yep, that's it.
26.

So obviously I have some work to do.
My promo didn't work.
It may have driven web visits
but it didn't drive sales.

According to the feedback
I've received from readers,
the product is good,
surprisingly good
(as some said).

The copy must not be strong enough
for them to try a new author
(the market is satuated).
Sampling more should help also.

As for paper investing, the same ol' same ol'.

On the personal front,
the hubby and I have figured out our role in life.
Those with kids might take care of the next generation.
We are concentrating on taking care of the last generation.

We funded a loved one's cancer treatment
and helped pay the rent for an elderly couple
undergoing some medical issues.

We won't be tapping into our core funds
but using our mad money for this.

It has given us a renewed sense of purpose.
 
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australianinvestor

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Nice work, Kimber :)

Sept: Start island purchase, start divestment of a business
Oct: Divest business, pay down (good) debt, keep working on island purchase
Nov: Plan construction on island, work on assuring income during downtime
Dec: Same
Jan: Same
Feb: Complete island purchase, go fishing, boating, jet skiing, relax for a month.
Mar: Get serious. Build a tropical lifestyle and a lifetime's wealth.
 

kimberland

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Thanks guys!

After coming to terms with not having kids,
it has been a struggle,
knowing we're building with no one to pass it to.
It killed our drive.
Dead.

Sure I give to charity
but it doesn't have the same feel to it.
It feels like I'm sending money into the ether.
There wasn't any satisfaction.
I couldn't point to something
and say 'there, I made someone's life better.'

Then an Uncle got cancer
and needed funds for the experimental treatment.
All he needed was $22,000
but that amount was large enough,
no one could fantom raising it
(people are focused on raising their kids).

So the hubby and I stepped up to the plate.
We told a concerned Auntie
we'd cover any shortfall.
Turns out we only have to cover $8,000.
$8,000 to give a father, grandfather a chance at life.
Even if it fails,
we've given him hope and the knowledge that people care.

It was one of the most satisfying things we've ever done.
 
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Russ H

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Good on you, Kimber. :smx9:

-Russ H.
 

jokerGN

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Kimber the best thing I've heard this week.... Materialistic things only bring short term joy. You gave something that will last lifetimes (through the rest of his family for the extra time he has been given).:eusa_clap:


For Sept:
-Finish working with programmer on software
-Sign lease on office space
-Meet with lawyers finish up all contracts
-Order all supplies and equipment for Oct. launch date
-Start employee hiring process


Michael M.

"All men dream, but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but the dreamers of the day are
dangerous men, for they may act their dreams with open eyes"
 

JayKim

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My goals lately are to get a patent on my invention. Since my last post I've spoken with the davison (davison.com) member over the phone and we discussed all the forms they send about everything they do to get your idea patented. It costs them between 8k - 16k to create your idea and present it to companies. Unfortunatly I don't have that. Has anyone here backed a inventor? I was asking the davidson member and he said most inventors have a financial backer. I have a great Idea and if someone would be willing to speak with me and give opinions and possibly back me we could do a deal if the invention was purchased. Unfortunatly most patents dont ever get purchased by a company and it could be 16k down the tubes. Its alot of risk but could turn out a good profit and if not it doesn't hurt to just talk about it and give opinions. Thanks!

-Jae Kim aim and yahoo sn: preiudeh22a skype: unisom82379
 
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AroundTheWorld

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We are nearly half way through the month.

I was looking at my my day planner today and was totally SHOCKED at how quickly time goes on.

Can it really be the end of summer?
Can we really be closing in on the end of '08?
On my 13th anniversary?
Can my kids really be as old as they are? (now, 12, 10, and 9)
Can all this time really have gone by since we decided to adopt a child?

Then, I found myself today, wishing the winter away.
(I was looking forward to spring, when I will plant a bigger garden. When I will get the seeds into the ground earlier. When I might have a greenhouse. When the sheep will lamb.)

But, I can't afford to wish away any more time.
I need to enjoy today.
I need to take action today.
 

Bilgefisher

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Its been an interesting couple of weeks.

Were trying to build a bit more capital for a self storage venture.

Were going to flip more houses to come up with this capital. Have a buyers agent, mortgage broker, handyman, LOC, all lined up. We have a maybe for hard money loan. As soon as we have a deal lined up I think that will fall into place better. Also have 2 more potential sources for a LOC.

For the storage facility. We have a LLC formed and bank account established with a smaller bank. We have also done a very rough need assessment by calling all 26 self storage facilities within a 75 sq mile area (5 mile radius). We obtained rates for different size units, RV storage.
 

AroundTheWorld

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Four Days Left in the Month of September...

Finish up those September Goals, so you can report back here on all of your progress! (yikes!)
 

Bilgefisher

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September has been frustrating. I feel like I have accomplished 0.

-Lined up a buyers agent
-handyman
-mortgage broker

Was ready to make a bid on my first deal, but could not secure a lender letter. Currently attempting to get a hold of a national hard money lender.
-looking into attending an exchangers meeting to network.

Beyond that, the wheels are merely spinning in place.
 

CVentures1B12

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Been a while since I have actually been active! Great to get back in the game again...

-Last week sent out a ton of e-mails/calls and got some motivated sellers for quite a few properties.
-Got in contact with a long lost friend from High School that is a Realtor now. Not full time, but enough for him to help me out with Comps, MLS access, etc. Also, he is getting his CPA certification and GC License, so that will create some awesome development potential.
-After all of last week calling/e-mailing on leads, got about 18 prospects.
-Analyzed them this weekend and put informal offers on all of them (except about 6 where I didn't have enough info)
-Waiting for a response!

These are looking good because there are about 3 "package deals" that could go on here from tired landlords. Looking forward to working out the paperwork and hoping to take down at least 5 of these.

Word!!
 
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andviv

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Joshua, have you looked at REO deals?
 

CVentures1B12

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Not yet, I am guessing that this is pretty high time with the amount of foreclosures. I will definitely look into them. How do I do that? No intentions to derail the thread, so is there another I can be directed to? Marketing? Implementation?

Best
 

Russ H

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andviv said:
Joshua, have you looked at REO deals?
JoshuaCurtis said:
Not yet, I am guessing that this is pretty high time with the amount of foreclosures. I will definitely look into them. How do I do that? No intentions to derail the thread, so is there another I can be directed to? Marketing? Implementation?

Great info for you right here, Joshua:

http://www.thefastlanetomillions.com/general-business-discussion/13755-new-fastlane-read-first.html

-Russ H.
 
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Clay

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Let's see, it's been awhile.....

*I started my company in April.(It took a lot of work to get the ball rolling)
* Work started rolling in the first week of July and has been non-stop until now.
*Company has grossed just over six figures in it's first 2-3 months.(But things have slowed FAST)

Need to work on:
*Find new and creative ways to advertise for my existing comoany.
*Start a corporation
*Work on a site for my new start-up company
*Really work hard to find connections in Montana.
*Try hard not to buy stocks........lol........ Lots of potential deals out there.

That's it for now.........Well I Think:groove:
 

Clay

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Edge

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The VIX (volitility index) broke 40 yesterday, so i've been taking all the action I can stand.

I've put every last dime in my brokerage account, my ROTH, and my wife's ROTH to work over the past week. I spent this morning searching through all the drawers of my desk looking for all the credit card cash advance checks I could find. Then I wrote checks to myself and deposited them in my checking account. Tomorrow i'll be able to transfer that from my checking account to my brokerage account and the fun continues.

I'm leveraged to the hilt, moreso than any other time in my life. I'll either make or lose a lot of money by options expiration (17 days). My job is simply to keep the probabilities in my favor and/or cut losses until then.
 

Russ H

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Keep us posted, Edge.

Rep speed for walking the walk. :smx9:

-Russ H.
 

J_PAL

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My goals lately are to get a patent on my invention. Since my last post I've spoken with the davison (davison.com) member over the phone and we discussed all the forms they send about everything they do to get your idea patented. It costs them between 8k - 16k to create your idea and present it to companies. Unfortunatly I don't have that. Has anyone here backed a inventor? I was asking the davidson member and he said most inventors have a financial backer. I have a great Idea and if someone would be willing to speak with me and give opinions and possibly back me we could do a deal if the invention was purchased. Unfortunatly most patents dont ever get purchased by a company and it could be 16k down the tubes. Its alot of risk but could turn out a good profit and if not it doesn't hurt to just talk about it and give opinions. Thanks!

-Jae Kim aim and yahoo sn: preiudeh22a skype: unisom82379

You posted this on Sept. 6 and I am wondering how far have you gone with this ? I also contacted with Davison who makes your Dream come true.. But after getting the documents I researched and found that they have fatty law suit. They are sued for something like $16mil because they have done much scams with new inventors.
It starts with the $495 payment. This payment is for the research. Research of what ? The existing patent what you can do by yourself on google.com/patents .
Next payment is about $8000 where they will do product sample. After that for $8000 they will contact with manufacturers and try to close a deal. All this will take 2 years for you maybe more. All the money they have earned (and thats alot) is not through other peoples inventions on the market but through those payments. Most of the ideas won't even reach to the manufacturer and people and scammed with more than $8000.

Everything what Davison does can be done simply by you. Start with simpler ideas so you can do product sample by yourself. And if you think patent will cost you for $10k-$20k then you are wrong. You can aquire your patent for $100-$300 depends what the cost is at the moment and this patent is active for 1 year. So, you have 1 year to contact with the manufacturers and close the deal. Patent is called "Provisional Patent Application"

The best tutorial from getting your idea to manufacturer is definitely on Tim Ferriss' blog.
Link: A Beginner’s Guide: How to Rent Your Ideas to Fortune 500 Companies (Plus: Video) - The Blog of Author Tim Ferriss
 
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AroundTheWorld

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It is October 1st!! How did you do in September?
What is on the plate for October?

On the plate for September:

  • revise and optimize motel website Check. Being uploaded today
  • start travel blog installed. Now... must add content....
  • implement online reservations No. Pushed to October
  • Due diligence on the property we have a buy-sell on Check. Closing today
  • Design expansion plan for property we have a buy-sell on Check
  • Email my web designer daily until my site is done ;) A work in progress. Continues into October
  • Get revised edition of book #1 out to beta readers 90% revised. New chapters added
  • Write more of book #2 No. On hold for a bit...
  • Start our more structured learnin time w/ kids Check

Also in September:

Got our taxes done. Blech
Put the "safety" plan in place
Found 3 available billboards / signed contracts
Learning Dreamweaver

OCTOBER GOALS:

  • Revise self storage book... (have you heard this before?)
  • Get content on travel blog
  • Start construction on next phase of one of the self storage properties
  • Get truck rental going in the self storage business
  • Begin expansion of mobile home park
  • Revise self storage site
    [*]Convert phpbb to vbulletin
    [*]Custom skin for vbulletin
    [*]Design home page
    [*]Get landing page done
    [*]Move blog​
  • :banana::banana: Move into new house!!!! :banana::banana:
  • Make Halloween costumes. The kids want to be: a cat, a mouse, and a piece of cheese.
 

TC2

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This is a great thread. I think I should start doing so as well. I am behind my schedule to accomplish my September goals due to personal excuses (as usual). :(


October Goals:

1. Finish web site front-end programming.
2. Register new S-Corp and get EIN
3. Apply new bank account and paypal account
4. Create NDA (non-disclosure agreement)

Hopefully to take a week off for vacation, which I promised my wife before starting this new adventure.
 

hatterasguy

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Keeping an eye on the market. I'm closing on my first property next week, and if it sells in a reasonable time, IE the market's sort out somewhat I'll be leveraging that money into two deals. If not, I'll be sitting on it until that happens.

No one buy's houses when the markets are going nuts like this, so until its sorted out my business is hurting.
 
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AroundTheWorld

Be in the Moment
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This is a great thread. I think I should start doing so as well.

Thanks for joining the thread! Great way to continue to push yourself forward, month after month....

Anyone else ready to make a commitment to yourself - and add some accountability (by announcing here?)
 

djs13

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October Goals:

- Finish Real Estate Business Plan (almost done)
- Continue to Brain storm about start-up web site idea
- Pull trigger on idea (pay web designer)

There are a bunch of other little things, but I've learned when I focus on the little things I don't actually complete the big ones.
 

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