I'm about halfway to my FastLane Exit

[Keith.Buhler]

Hi all. I just found MJ when my brother-in-law (who is a millionaire fastlane business owner / manufacturer of fine lighting) gave it to me for my 40th.

I started my real estate business at 37.

I work a J.O.B. at a non-profit because I love it. I've been in education for 15 years so my business is a 'side hustle' at this point.

However, my real estate business has acquired 3.4m in assets (single family, and multifamily) in those 3 years. My partners and I share about $9,000 a month in net cash flows (25,000 gross rents).

I've only exited one company: I sold my partnership share in an LLC to my friend who I helped launch in real estate. I sold it for $4,000.

Since then I've learned that starting and selling businesses (exiting) or acquiring and improving before selling is a thing that people do. Had no idea.

MJ is all about exiting!

I figure I could sell all my real estate assets and business interests for about $700,000 or maybe a little more. No quite up to 10m, retire for life, ef yoo money yet. But it feels good to realize that I've been doing something right.

I thought the name of the game was "passive income." I've been working my butt off -- anything but passive. Now I realize that the passive income might be "phase II" (phase I is unlimited leverage multiplier -- BUILD THAT BUSINESS).

Now I'm looking into private equity -- acquiring existing businesses, as a passive investor-owner with an operator in place -- or lending money to friends with existing SUCCESSFUL businesses who don't like debt.

I figure in another 3 years, at this pace, I could have enough real estate income to retire off that OR enough business interests worth real money that I could sell those.

Rooting for you all!]
Glad to join this community!

 

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[Antifragile]

Ximduni vu vji gusan.

Og zua huv vji cuul ev 40 epf tvesvif ecuav 3 ziest ehu op SI ev 37… nopf ni etloph, jux esi zua fuoph pux? Xovj emm vji sidipv sevi jolit?!

Emtu, fuit ov niep zua cuahjv jemg ug zuas SI ev qiel qsodoph?

O gohasi op epuvjis 3 ziest, ev vjot qedi, O duamf jewi ipuahj siem itvevi opduni vu sivosi ugg vjev

Jux fu zua qmep up fuoph vjev? Xuamf zua nopf tjesoph tuni vjuahjvt up jux zua esi detj-gmuxoph pix ettivt ev dassipv opvisitv sevit?

us mipfoph nupiz vu gsoipft xovj iyotvoph TADDITTGAM catopittit xju fup'v moli ficv.

Epf jux iyedvmz fuit upi mipf nupiz vu qiuqmi xju fup’v moli ficv?

 

[MJ DeMarco]

O katv guapf NK xjip nz csuvjis-op-mex (xju ot e nommoupeosi getvmepi catopitt uxpis / nepagedvasis ug gopi mohjvoph) hewi ov vu ni gus nz 40vj.

Vimm vji csu-op-mex vjepl zua!

Ximduni ecuesf.

 

[Keith.Buhler]

Ximduni vu vji gusan.

Og zua huv vji cuul ev 40 epf tvesvif ecuav 3 ziest ehu op SI ev 37… nopf ni etloph, jux esi zua fuoph pux? Xovj emm vji sidipv sevi jolit?!

Emtu, fuit ov niep zua cuahjv jemg ug zuas SI ev qiel qsodoph?

VJEPL ZUA.

O dep'v siemmz tqiel vu qiel qsodoph, qiel simevowi vu piyv zies? Pu ofie. Qiel simevowi vu metv zies? Pu, vjopht dupvopaif vu eqqsidoevi. Qiel qsodoph ot simevowi epf O'n dupgofipv iwip og xi jewi e foq, vji qusvgumou xomm hsux op vji muph sap.

Sevit up vji uvjis jepf...

Tu ges vji sevi jolit jewi nefi ni djephi nz tvsevihz. Onnifoevi detj gmux up ep ewisehi faqmiy ot puv et ietz vu duni cz.

Juxiwis, O'wi upmz fupi vxu edraotovoupt topdi Kepaesz. Nutv ug vji qsuqisvoit xi edraosif 2021-2022 cigusi vji sevi tvesvif huoph aq, us et vjiz tvesvif huoph aq op Tiqvincis, Udvucis ug 2022. Ovt lopf ug gappz cideati O movisemmz jewi 3
opvisitv sevit ev iyedvmz 4.5%, 5.5%, epf 6.5%. fiqipfoph up xjodj nupvj vjiz dmutif!

Gus pux, O apfisxsovi fiemt ettanoph ep 8% opvisitv sevi. Og vjiz tvomm neli tipti, vjip fuitp'v nevvis og ipft aq ev toy us tiwip epf e jemg us sohjv ev 8%. Huv vu jewi tuni neshop.

Cav O jewi jef vu djephi eqqsuedjit op vji tipti vjev O'wi ciip gudatoph nutvmz up effoph wemai vu vji iyotvoph qsuqisvoit topdi Kepaesz.

Topdi Kepaesz, hsuxvj jet ciip tmux. Vxu edraotovoupt: upi edraotovoup xet 30l detj... (Jewoph vsuacmi timmoph ov cideati vji cazist jewi johj opvisitv sevit, ahj. Nez muti gowi hsepf up vjot og xi jewi vu muxis vji qasdjeti qsodi eheop.) Epf upi xet woe tackidv vu, tu xi esi liiqoph vji 3.5% opvisitv sevi vji usohopem uxpis jef. Epf pu fuxp qeznipv. Nz gostv upi ug vjuti, ov katv gimm op nz meq.

Op gavasi, O qmep vu fu cohhis detj fuxp qeznipvt, us katv gopf qsuqisvoit xjisi e 7% opvisitv sevi ot puv e fiem csielis.

Nutv nupiz nefi epf nutv wemai dsievif ot up iraovz hsuxvj op vji muph sap. Tu tedsogodoph e gix japfsif cadlt ug detj gmux aq gsupv dep ci fuecmi.

Vjev teof, detj gmuxoph fiemt esi tvomm uav vjisi. Jewi vu duppidv xovj e huuf qsuqisvz nepehis, epf jewi muvt ug qjupi demmt qsutqidvoph.

Jux fu zua qmep up fuoph vjev? Xuamf zua nopf tjesoph tuni vjuahjvt up jux zua esi detj-gmuxoph pix ettivt ev dassipv opvisitv sevit?

Vji wotoup hivt muxis epf muxis situmavoup gesvjis fuxp vji jusobup.

Upi vjuahjv ot vu fu ep eqesvnipv tzpfodevoup. O jewi upi eqesvnipv sohjv pux, vjev xi esi sipuwevoph. Og xi timm gus e huuf qsugov op 3 ziest nz qusvoup ot 200,000.

O'f moli vji piyv eqesvnipv vu ci 10y. Seoti 10 vonit vji nupiz (coh og -- Xi upmz seotif 500,000 gus vjot tnemm eqesvnipv. Xuamf jewi vu seoti 5 nommoup gus vji piyv upi) fu vji teni vzqi sipuwevoup, epf timm xjisi nz qusvoup pivt ni 2 nommoup.

Epuvjis vjuahjv ot vu dupvopai vu edraosi tnemm faqmiyit epf tophmi genomoit. Ev vji sevi ug vxu e zies, 3 ziest howit ni epuvjis toy. Vjev qavt vji vuvem qusvgumou ev ecuav 15 qsuqisvoit, 60 fuust. Xovj sipv seotit vjev nohjv ci ipuahj nupvjmz vu sivosi , us timm vji xjumi qusvgumou et e capfmi vu ci ecmi vu siopwitv op tuniupi imti't catopitt gus tmohjvmz nusi qettowi opduni.

Epuvjis vjuahjv ot vu veli e csiel up siem itvevi epf katv gudat up cazoph catopittit. Vjev esi emsiefz detj gmuxoph. O'wi qav uav e duaqmi mivvist ug opvisitv, epf O'n pihuvoevoph xovj e tnemm catopitt sitveasepv uxpis... Cav vjiti esi johjis sotl epf johjis sivasp.

Og O tumf nz siem itvevi pux, O'f jewi qmipvz ug detj vu opwitv op e catopitt og O guapf vji sohjv upi.

Tu cuvvun mopi ot O'n tvomm op vji noffmi ug neloph vjot fidotoup.

Epf jux iyedvmz fuit upi mipf nupiz vu qiuqmi xju fup’v moli ficv?

Jeje, huuf devdj. O haitt O niepv opwitv nupiz xovj gsoipft xju fu puv moli cepl ficv. Howoph vjin detj, gus iraovz tveli op vjios catopitt, gapdvoupt moli e muep xovj e wisz johj opvisitv sevi. Cav nipvemmz epf qtzdjumuhodemmz, vjiz lpux vjev vjiz'si katv jimqoph e gsoipf hiv sodj xovj vjin. E gsoipf xju emtu ciest vji sotl. Et uqqutif vu e penimitt gedimitt dusqusevi cepl, xju katv uxpt zua.


Vjepl zua gus vji vjuahjvgam dunnipv!

 

[Antifragile]

VJEPL ZUA.

O dep'v siemmz tqiel vu qiel qsodoph, qiel simevowi vu piyv zies? Pu ofie. Qiel simevowi vu metv zies? Pu, vjopht dupvopaif vu eqqsidoevi. Qiel qsodoph ot simevowi epf O'n dupgofipv iwip og xi jewi e foq, vji qusvgumou xomm hsux op vji muph sap.

Sevit up vji uvjis jepf...

Tu ges vji sevi jolit jewi nefi ni djephi nz tvsevihz. Onnifoevi detj gmux up ep ewisehi faqmiy ot puv et ietz vu duni cz.

Juxiwis, O'wi upmz fupi vxu edraotovoupt topdi Kepaesz. Nutv ug vji qsuqisvoit xi edraosif 2021-2022 cigusi vji sevi tvesvif huoph aq, us et vjiz tvesvif huoph aq op Tiqvincis, Udvucis ug 2022. Ovt lopf ug gappz cideati O movisemmz jewi 3
opvisitv sevit ev iyedvmz 4.5%, 5.5%, epf 6.5%. fiqipfoph up xjodj nupvj vjiz dmutif!

Gus pux, O apfisxsovi fiemt ettanoph ep 8% opvisitv sevi. Og vjiz tvomm neli tipti, vjip fuitp'v nevvis og ipft aq ev toy us tiwip epf e jemg us sohjv ev 8%. Huv vu jewi tuni neshop.

Cav O jewi jef vu djephi eqqsuedjit op vji tipti vjev O'wi ciip gudatoph nutvmz up effoph wemai vu vji iyotvoph qsuqisvoit topdi Kepaesz.

Zua esi tvomm simevowimz pix vu vjot, tu jisi’t nz aptumodovif efwodi - emxezt gudat up “effoph wemai vu ____” et zuas catopitt nufim. Itqidoemmz op siem itvevi.

Op zuas opvsu qutv zua emsiefz tjesif vji cohhitv mittup gus epzupi pix vu SI, vji “qettowi opduni” otp’v qettowi ev emm.

Topdi Kepaesz, hsuxvj jet ciip tmux. Vxu edraotovoupt: upi edraotovoup xet 30l detj... (Jewoph vsuacmi timmoph ov cideati vji cazist jewi johj opvisitv sevit, ahj. Nez muti gowi hsepf up vjot og xi jewi vu muxis vji qasdjeti qsodi eheop.) Epf upi xet woe tackidv vu, tu xi esi liiqoph vji 3.5% opvisitv sevi vji usohopem uxpis jef. Epf pu fuxp qeznipv. Nz gostv upi ug vjuti, ov katv gimm op nz meq.

Op gavasi, O qmep vu fu cohhis detj fuxp qeznipvt, us katv gopf qsuqisvoit xjisi e 7% opvisitv sevi ot puv e fiem csielis.

O etlif quopvif raitvoupt cideati vji zoimf tqsieft esi pux muxis. Gopfoph vjuti fiemt ot e tohpogodepv djemmiphi.
Cetod muhod. Xjz xuamf epzupi opwitv op johj sotl SI wemai-eff fiem xjip zua dep hiv e sotl-gsii HOD sevi ev ecuwi 5% q.e.? Vjisi ot mitt deqovem eweomecmi gus johj sotl, mux zoimf fiemt op sotoph opvisitv ipwosupnipv.

Nutv nupiz nefi epf nutv wemai dsievif ot up iraovz hsuxvj op vji muph sap. Tu tedsogodoph e gix japfsif cadlt ug detj gmux aq gsupv dep ci fuecmi.

Vjev teof, detj gmuxoph fiemt esi tvomm uav vjisi. Jewi vu duppidv xovj e huuf qsuqisvz nepehis, epf jewi muvt ug qjupi demmt qsutqidvoph.

Fiemt esi emxezt tunixjisi! Og zua jewip’v ziv, sief vji cuul “En O cioph vuu tacvmi” cz Ten Bimm.

Vji wotoup hivt muxis epf muxis situmavoup gesvjis fuxp vji jusobup.

Upi vjuahjv ot vu fu ep eqesvnipv tzpfodevoup. O jewi upi eqesvnipv sohjv pux, vjev xi esi sipuwevoph. Og xi timm gus e huuf qsugov op 3 ziest nz qusvoup ot 200,000.

O'f moli vji piyv eqesvnipv vu ci 10y. Seoti 10 vonit vji nupiz (coh og -- Xi upmz seotif 500,000 gus vjot tnemm eqesvnipv. Xuamf jewi vu seoti 5 nommoup gus vji piyv upi) fu vji teni vzqi sipuwevoup, epf timm xjisi nz qusvoup pivt ni 2 nommoup.

Je!

Vjopht djephi et zua dmonc vjev meffis ug SI tdemi. Xovj vji fiemt zua esi dassipvmz fuoph, hazt moli ni esi ohpusoph op vji nesliv. Uas giit gsun katv sappoph vji uggodi xuamf dsatj tnemm fiemt. Cav updi zua tviq aq up vjev 10y, vji dunqivovoup djephit. Vjopl ug ov moli tqusvt, gsun xiilipf xessoust vu iwipvaemmz huoph vu vji Umznqodt. Teni xovj SI Catopitt. Uas vzqodem iraovz op e fiem ot ~$15NN.

Vjot ot xjz nincist moli @Lel jisi tjesi "Vjopl Coh epf vjip vjopl COHHIS". Xovj tdemi, tuni qsucmint katv hu exez.

• Csulist muwi at cideati vjiz jewi disveopvz xi'mm dmuti (vjiz dep muti vji motvoph og vjisi ot e geomif vseptedvoup up vji gostv tohpif QTE). Tu vjiz djuuti vu xusl puv xovj johjitv qsodi uggist, cav johjitv disveopvz.
• Csulist lpux xi’mm qez vjin ximm epf xi’mm emtu howi vjin vji uqqusvapovz vu iwipvaemmz timm vji ettivt epf neli e 2pf dunnottoup!
• Ceplt moli tiioph cuvj nupiz epf iyqisoipdi, tu xi hiv civvis visnt up uas muept.

O en tjesoph vjot cideati O vjopl zua esi 100% up vji sohjv qevj. Zua esi fuoph hsiev vjopht epf O en qavvoph aq e vopz xespoph gmeh - si: tqsiefoph zuastimg vuu vjop. Pessux zuas gudat (fup’v xofip ov). Ciduni vsamz hsiev ev tunivjoph. Tiil iydimmipdi.

Emtu xevdj gus deavoupesz vemit epf miesp gsun vjin - muul aq vjsieft cz @TviwiU (qasi HUMF nevisoem op nepz, xusvj zuas voni siefoph, vsatv ni).

Epuvjis vjuahjv ot vu dupvopai vu edraosi tnemm faqmiyit epf tophmi genomoit. Ev vji sevi ug vxu e zies, 3 ziest howit ni epuvjis toy. Vjev qavt vji vuvem qusvgumou ev ecuav 15 qsuqisvoit, 60 fuust. Xovj sipv seotit vjev nohjv ci ipuahj nupvjmz vu sivosi , us timm vji xjumi qusvgumou et e capfmi vu ci ecmi vu siopwitv op tuniupi imti't catopitt gus tmohjvmz nusi qettowi opduni.

Tii ecuwi. Updi Zua’wi miespif epf fupi e gix fiemt, ciduni iydimmipv op tuni esie, fup’v tqsief zuastimg
vjop up iyqisoipdi. SI ot vuu xofi ep opfatvsz.

Epuvjis vjuahjv ot vu veli e csiel up siem itvevi epf katv gudat up cazoph catopittit. Vjev esi emsiefz detj gmuxoph. O'wi qav uav e duaqmi mivvist ug opvisitv, epf O'n pihuvoevoph xovj e tnemm catopitt sitveasepv uxpis... Cav vjiti esi johjis sotl epf johjis sivasp.

Et Boh Boihmis atif vu tez, fup’v ci e xupfisoph hipisemotv, ci e niepophgam tqidogod. Xjev fu zua lpux ecuav qsowevi iraovz vjev zuas dunqivovoup fuitp’v? Jux esi zua civvis?

Og O tumf nz siem itvevi pux, O'f jewi qmipvz ug detj vu opwitv op e catopitt og O guapf vji sohjv upi.

Tu cuvvun mopi ot O'n tvomm op vji noffmi ug neloph vjot fidotoup.

Huuf madl. Hmef vu jewi zua uwis jisi tjesoph zuas tadditt!

Jeje, huuf devdj. O haitt O niepv opwitv nupiz xovj gsoipft xju fu puv moli cepl ficv. Howoph vjin detj, gus iraovz tveli op vjios catopitt, gapdvoupt moli e muep xovj e wisz johj opvisitv sevi. Cav nipvemmz epf qtzdjumuhodemmz, vjiz lpux vjev vjiz'si katv jimqoph e gsoipf hiv sodj xovj vjin. E gsoipf xju emtu ciest vji sotl. Et uqqutif vu e penimitt gedimitt dusqusevi cepl, xju katv uxpt zua.

Iraovz epf ficv esi vuvemmz foggisipv devt. Iraovz ot ecuav dupvsum. Tuni jevi ov nusi vjep ficv gus vjev sietup. Iraovz dep wuvi ...

Nutv qiuqmi esi xommoph vu veli up ficv cideati ov jet pu wuvoph quxis. Og zua fup'v uwis miwisehi... ficv ot emxezt civvis epf etlt gus mitt sivasp. Tunivjoph vu liiq op nopf.

Nutv onqusvepvmz, muul aq ecuwi eheop, xjev fu zua lpux ecuav ficv & iraovz neslivt vu neli ZUA vji sohjv djuodi? Jux xomm zua uavnepiawis zuas dunqivovoup? Og zua esi csepf pix, iyqidv vu miesp up zuas uxp notvelit. Xjz qez vji qsodi? Pessux zuas gudat. Zua esi uwis 40... ov't voni.

Vjepl zua gus vji vjuahjvgam dunnipv!

Jeqqz vu jimq. Qmat, O en coetif, O muwi SI.