SUCCESS STORY: Biophase (eCommerce, Real estate)

[YoungGun]

Stories like these dissipate the doubt. Back to it

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Supa]

didn't see that thread until now, great insights thanks!

 

[Justincredible]

Awesome read, the progression and time frames are so authentic.

Great work biophase.

Blessings

 

[Ita_schooliosis]

Biophase, thank you for your story. It's not everyday you get to see such an honest, detailed account of success right from the beginning. Your story resonated with me having experienced a similar background (engineering for a high paying job-->coming to the realization that time>money) and because your story isn't so intricate or "exciting" as you put it. Your story shows a natural progression of choices/action one might take and because of that, it's inspiring

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[SethTavis]

Sure, the biggest difference in my approach to passive income now is that I am not trying to maximize ROI. I am trying to minimize risk and headaches.

In the past if I had $100k, I would have bought 4 $100k properties with $25k down on each one. I may have cashflowed $400/mo total but if one property became empty I'd be -$500/mo. If 2 were empty I'm looking at -$1400/mo.

Today, I would just buy 1 property cash and let it cashflow $700/mo. If it becomes empty I'm only at -$200/mo. I don't sweat about not being able to find a tenant.

Also I've found that because I cashflow so much on a single property that I am much more likely to make upgrades and improvements. On the property that is cashflowing $1100/mo, I will gladly recarpet for $1200 because it takes me one month to recuperate that money. Whereas if I were making $200/mo, I may push the tenant to accept a carpet cleaning only. I have found that these improvements over time allow me to increase my rent prices and my tenants stay longer.

One of my tenants in Utah requested that I install a garage door opener in my townhome and we split the cost. This was about 2 years ago. I did not know that I didn't have one! I can't believe my tenants had been manually opening the garage door for 7 years! I didn't care what it cost. I feel that a garage door opener was a necessity in life. So I gladly had them installed them right away at no cost to them. Of course it made them real happy. Now I can advertise that my units have a garage door opener, because now I also know others do not. lol

I know I miss out on appreciation and leverage, but at this point I don't really care about that. I would much rather have less units and pay them down vs. using the money to acquire and leverage into more properties.

My goal is to own 10 properties free and clear worth about $1.5M which return 6-7% giving me about $100k/year passive. That income, plus my ecommerce business should be way more than enough for me to live happily. Such a simple goal right?

PS - I should mention that I may give vacation rentals and airbnb a shot soon. I'm looking to try it on one property and see how I like it.

Thank you for sharing this and keeping this updated for so long, your in inspiration.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[MattCour]

I still have shares of the fund FMN. I am hesitant to purchase more of this because I feel like real estate offers more control.

For example, the stock FMN pays a 6% dividend monthly tax free.

This means that if I buy $100k of it (6666 shares), it cashflows about $500/mo.
I can purchase a condo free and clear for $100k and cashflow about the same (but not tax free but I get depreciation).

If the stock goes down by $1, I'm down $6666. I have no control over its market value. You can make the same argument for the condo.
If the stock lowers its dividend, I can't do anything about it. Likewise, you can argue that my condo's market rent may drop.

However, with the condo I have some choices. I am in control of my rent, so I can get creative and find a way to increase rents. With the stock, I cannot do anything about their dividend payout.
With the condo, I can also remodel and improve it to increase its value. With the stock, it is worth what its worth.

I understand that the stock is a truly passive solution. So the choice between these two for me is difficult, but I lean towards real estate for now.

Excellent explanation, thanks for that. It's seems as though both options have their pros and cons. I love the idea of Muni closed end funds bc there are no vancancies, bad tenants, or any of the other negatives that go along with real estate.

 

[Iwokeup]

In Mt. Crested Butte, it's almost ski in ski out.

Nice! If it's that close to the lifts then you have definitely arrived.

Congrats again!!

 

[JWelch]

Congratulations on your success so far!
Your new place looks pretty awesome and it's all yours and a product of your hard dedicated work. Good for you!

 

[ZeroTo100]

So far I've been there 3 times since owning it for 2 months. The best benefit is that when I leave to go there, I don't need to pack anything! I moved some of my clothes there and now I have my tiny office set up. I can just hop in the car and as if I were going to a store that is 11 hours away! The only thing I forgot to account for last time was my contact lenses, but that problem is solved since I left a bunch there now.

FU@K!NG AWESOME!

 

[Rickchise23]

My story is not as intricate or exciting as the other ones on here and I'm nowhere near the $1M range yet. But, after reading the other ones I felt compelled to write mine. It's actually pretty boring and normal and it's not the fastlane or slowlane. I'd call it driving in regular traffic and luckily catching all the green lights.

I had a normal education at the University of Illinois which ultimately ended with a Master's in Engineering. I knew that I was in college to get the degree only because it meant getting a higher paying job. I got my first job out of college with a hefty $35k salary. After two years of measly raises, I jumped jobs and got paid about $42k. I was in the wireless industry building cell sites. I was there for one year when they were bought out by Alltel. The company was shutting down the Chicago office and moving everyone to Little Rock, AR.

This was my first realization that you can't control your destiny in the corporate world. Luckily I got 6 months severance and landed a job the next day. I took my 6 months severance money and bought my first home in 1999. I started remodelling my home from day 1 and found out that I was really good at it. I knew nothing about real estate investing at this time.

During this dot com era, I changed jobs every year. Every company I went to went under, usually due to crazy overspending on lavish things, but I wasn't going to complain about free health club memberships that cost $100/mo. Although I was changing jobs constantly and I knew that they were through no fault of mine I was having fun living the crazy dot com life, parties, cruises, beer trolleys...

I finally landed a job that felt like a lifer. It's one of those jobs where you retire. I worked with a lady who had been there 35 years!

In 2001, my friends and I took a mountain biking trip to Crested Butte, CO. We camped for one week at Lake Irwin. No electric, cell phones, running water, etc... The town had a speed limit of 15mph. I remember cruising into town and slamming the brakes like WTF? However, at the end of 7 days, 15mph actually felt fast in town.

There was a point during the trip that I looked at my watch and calculated that it was 5:30pm in Chicago. At the time I was sitting on a rock on top of mountain at about 11,000ft having a PBJ sandwich with my buddies just chilling and looking at the clouds. If I were at work this week, I would be running down the street trying to catch my train at this time. What a contrast in speeds. It was at this moment that I knew something was wrong with my direction.

Coming back to work the next week I had lost all motivation. I had a great week in Crested Butte and we were all talking about going back the next year. I remember thinking, just another 51 weeks? I work 50 weeks a year to enjoy 2 weeks. Thinking deeper I also realized that I only enjoy Friday and Saturday out of the 7 days of the week. Doing the math, something wasn't right. Why do we enjoy only 2/7 of our lives?

With this realization, my next thought was how do I enjoy life more. First answer, move to Crested Butte, CO. But homes there cost twice what mine does and salaries are 1/3.

I did a quick calculation on my finances at the time. Jeez, I had a huge house, 2 cars and all the materialistic things I could have ever wanted. I remember seeing on Oprah that families survive on $50k a year. Here I was single, making almost twice as much as that and I couldn't save a penny. Somehow, one day I picked up Rich Dad Poor Dad. Reading that changed my life. I realized that I was tied to my job. I also realized that it was completely my fault.

I started looking into shifting my income from active to passive. This meant real estate, CDs, money market accounts and high dividend stocks. Anything that put $1 into my account at the end of the month without me doing anything, I was reading about.

I had goals in 2002 to lower my expenses and to buy a rental property. I was following the Rich Dad passive income = expenses means you are out of the rat race. Living in Chicago, I quickly realized that there weren't that many positive cashflow properties out there. In addition, my mortgage on my huge house hindered my capabilities to get a loan on a rental property. I could not qualify for a investment loan so I failed my goals in 2002.

I knew I had to sell my primary residence to free up my cash. I completely remodeled the house in the fall of 2002. I also had to sell my Acura NSX. I loved this car so much, but I knew that selling was for a better future. I bought a pre-construction condo in Chicago that I calculated to have positive cashflow. It wouldn't be completed for 2 years. I sold my NSX and put the money down on that condo.

I sold my car and home and all my furniture in 2003 and moved back in with my parents. I came home with a hefty check for over $100,000. Added my to savings, I had a significant wad of money.

I had read almost every single Kiyosaki book and every real estate rental book out there the past two years. It was 2004 and now that my expenses were nil, I was really getting sick of my job. I obviously didn't want to stay at my parents house forever so I looked for a change.

I remember seeing on Loopnet that there were 4-plexes in Phoenix asking $150,000! I didn't know anything about Phoenix. I thought it was all brown and desert. I had a friend living in LA. He said that I could live with him. So I quit my job and moved to LA. On the way to LA, I stopped by Phoenix and bought 2 condos in Scottsdale and a preconstruction house. Talk about impulse shopping! I had 4 properties and no job!

These buys were all based on cashflow. I was a cashflow guy. If COCR was above 10%, I was buying. The condos had Section 8 tenants and would cashflow $183/mo at the price I paid with 20% down. One day from moving out of Chicago and I was cashflowing $366/mo! This was easy. LOL

I didn't really like living in LA. I was 30 minutes from the beach and real estate was crazy expensive. 4-flats were $1,000,000 and massively negative cashflow. I couldn't stay with my friend forever and the LA RE market was booming. Then one of my Section 8 tenants got kicked off of Section 8. It was reported that she was a prostitute and on drugs. I got her evicted and went to view the condo, which was of course, trashed. I had to fix it back up to get it re-rented. In the process, it occurred to me that I should just move into it. That's how I ended up in Phoenix.

The market in Phoenix went crazy during 2005. I literally hit the lottery. Homes were appreciating $10k per month. I made another preconstruction purchase based on the comps I felt I had $100k in equity at the purchase. My Chicago condo also closed with about $60k in equity.

In 2005 I had literally turned my networth into around $600k. However, I totally understood that this was pretaxed, pre-realtor commissioned money. Getting $600k cash in the bank was another story.

One day I was surfing craigslist when I came across an ad about preconstruction, cashflowing, mountain view townhomes in Salt Lake City. I made a call to the realtor, did some research online and decided that he wasn't bullshiting. I booked a flight the new morning to SLC, rented a car and met the realtor. I drove the areas, looked at the rents and bought 2 townhomes at $140k. I found a property manager and hired them and my first PM'd rental was born. My calculations didn't quite work out. My proforma rents were too high and I had accept lower rent. Turned out that both townhomes had break even cashflow. Well, one was -$7/mo. These townhomes have appreciated to $195k each, adding another $100k to my networth.

I also picked up a couple 1 acre lots in St. George, Utah. This was my first foray into land. In hindsight, I broke my cardinal positive cashflow rule. Buying land you are 99% assured negative cashflow.

2006 saw the downturn of the real estate market. This is where having positive cashflow or at least breakeven cashflow helps alot. I sold my lots in St. George at a loss of around $35k. I sold my condos in Scottsdale at the peak of the market. I sold one preconstruction house at about $65k below peak prices. My SLC and Chicago properties have held in value. My Phoenix properties have dropped huge. I've learned alot about value of geographic diversification.

My story doesn't have and ups and downs like the other ones. However, some months are bad and some are very good. During the bad months you wonder if you should have stayed in the comfortable cubicle and lived the easy predefined life. The biggest thing I've learned is that you should take risks in life.

I do sometimes wonder what my life and networth would be if I stayed at my job in 2004. I think about what I've experienced in the past 3 years since quitting. I'm not talking about the money. I'm talking about living in LA, PHX, traveling to SLC, St. George and dozens of other cities that I ended up not buying anything in. My ex-co-workers used to call me and the first thing they said was, "Hey, what city are you in today?" Before that I had spent 33 years in Chicago.

When I moved into my condo in Scottsdale, I experienced something for the first time in my life. I had lost the ambition for money. What I mean is the pursuit of making lots of money just to make money. I had a monthly payment of $600/mo which included all utilities. For all intensive purposes, I did not have to work for 10 years at my current burn rate. The need for money to pay bills was gone.

So now you wake up and what do you do? The answer is... anything you want! This is what many retirees face after 55 years. I faced it at 33. I had a new outlook on life. My main priority now was living life, I figure I have at least 50 years. Where does all the time go? LOL Money is important, but money is a means to live life. You shouldn't live your life to get the money. If I want to travel the world, I find out what it costs and then go make that money. I look at money with a purpose. It's purpose isn't to sit in a bank. It's purpose is for you to spend it on things that you enjoy.

I might have to look into joining that Lambo crowd on here... you guys are making them very appealing to me!

Great story man. Had to edit my post realized how old this story was, but reread the updates. Looks like a beautiful place

 

[PatricF]

From my original post in 2007



Somebody asked for an update, so I was re-reading this thread again. I think you guys will find this interesting.

That Chicago condo I bought in 2005 with my NSX sale money is now completely paid off and cashflowing $1100/month.
The 2 townhomes in SLC that I also bought in 2005 cashflow about $1000/month total. I still owe about $80k on each of them.

I thought this was interesting because it's been 10 years since buying these and they will provide me $25,000 a year+ for the rest of my life.

So all you younger folks who want things quickly, make good decisions now and you will have it alot easier when you get older!

Update to come later!

@biophase I am really impressed by your consistency in updating this thread and showing me your story and how it unfolded into passive income = freedom. Thank you so much for taking the time to share.

 

[pds]

@biophase It's amazing to see the mindset shift over the years. Congrats on your success.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Drew D]

It's not super impressive. Just a simple 2 bed 2 bath 1 car garage condo. Hope to update in 3-4 years with something nicer!

View attachment 14558 View attachment 14559 View attachment 14560
View attachment 14557

Beautiful. The one thing I want is a nice patio view like that.

 

[All_In52]

More than that, I think having a vision for where you want to go, and then working the vision every day. It's the small things daily that make threads like this ever evolving.

Thank you Biophase for sharing this amazing journey with us.. I've read MJ's books and have been scouring this thread and found that a lot of people here are having success with ecommerce and using Alibaba, Amazing, and ebay and I was wondering if I could follow this path too. MJ has said in the past doing what the crowd is doing is bad but a lot of people here find success in doing exactly what the crowd is doing (eccomerce, real estate, giving up control to amazon and ebay).

Well I guess my question is what did you do differently that made you successful? And more importantly, if I followed in your foot steps (With minimal cash right now) in starting an online ecommerce business would you think it is a good idea in today's present economy and my given circumstances?

I'd like to know your thoughts on this. I'm starting a new job I'm excited about and know fastlane is a process but I'm also debating on which road to follow or idea to execute.

 

[BrooklynHustle]

My story is not as intricate or exciting as the other ones on here and I'm nowhere near the $1M range yet. But, after reading the other ones I felt compelled to write mine. It's actually pretty boring and normal and it's not the fastlane or slowlane. I'd call it driving in regular traffic and luckily catching all the green lights.

I had a normal education at the University of Illinois which ultimately ended with a Master's in Engineering. I knew that I was in college to get the degree only because it meant getting a higher paying job. I got my first job out of college with a hefty $35k salary. After two years of measly raises, I jumped jobs and got paid about $42k. I was in the wireless industry building cell sites. I was there for one year when they were bought out by Alltel. The company was shutting down the Chicago office and moving everyone to Little Rock, AR.

This was my first realization that you can't control your destiny in the corporate world. Luckily I got 6 months severance and landed a job the next day. I took my 6 months severance money and bought my first home in 1999. I started remodelling my home from day 1 and found out that I was really good at it. I knew nothing about real estate investing at this time.

During this dot com era, I changed jobs every year. Every company I went to went under, usually due to crazy overspending on lavish things, but I wasn't going to complain about free health club memberships that cost $100/mo. Although I was changing jobs constantly and I knew that they were through no fault of mine I was having fun living the crazy dot com life, parties, cruises, beer trolleys...

I finally landed a job that felt like a lifer. It's one of those jobs where you retire. I worked with a lady who had been there 35 years!

In 2001, my friends and I took a mountain biking trip to Crested Butte, CO. We camped for one week at Lake Irwin. No electric, cell phones, running water, etc... The town had a speed limit of 15mph. I remember cruising into town and slamming the brakes like WTF? However, at the end of 7 days, 15mph actually felt fast in town.

There was a point during the trip that I looked at my watch and calculated that it was 5:30pm in Chicago. At the time I was sitting on a rock on top of mountain at about 11,000ft having a PBJ sandwich with my buddies just chilling and looking at the clouds. If I were at work this week, I would be running down the street trying to catch my train at this time. What a contrast in speeds. It was at this moment that I knew something was wrong with my direction.

Coming back to work the next week I had lost all motivation. I had a great week in Crested Butte and we were all talking about going back the next year. I remember thinking, just another 51 weeks? I work 50 weeks a year to enjoy 2 weeks. Thinking deeper I also realized that I only enjoy Friday and Saturday out of the 7 days of the week. Doing the math, something wasn't right. Why do we enjoy only 2/7 of our lives?

With this realization, my next thought was how do I enjoy life more. First answer, move to Crested Butte, CO. But homes there cost twice what mine does and salaries are 1/3.

I did a quick calculation on my finances at the time. Jeez, I had a huge house, 2 cars and all the materialistic things I could have ever wanted. I remember seeing on Oprah that families survive on $50k a year. Here I was single, making almost twice as much as that and I couldn't save a penny. Somehow, one day I picked up Rich Dad Poor Dad. Reading that changed my life. I realized that I was tied to my job. I also realized that it was completely my fault.

I started looking into shifting my income from active to passive. This meant real estate, CDs, money market accounts and high dividend stocks. Anything that put $1 into my account at the end of the month without me doing anything, I was reading about.

I had goals in 2002 to lower my expenses and to buy a rental property. I was following the Rich Dad passive income = expenses means you are out of the rat race. Living in Chicago, I quickly realized that there weren't that many positive cashflow properties out there. In addition, my mortgage on my huge house hindered my capabilities to get a loan on a rental property. I could not qualify for a investment loan so I failed my goals in 2002.

I knew I had to sell my primary residence to free up my cash. I completely remodeled the house in the fall of 2002. I also had to sell my Acura NSX. I loved this car so much, but I knew that selling was for a better future. I bought a pre-construction condo in Chicago that I calculated to have positive cashflow. It wouldn't be completed for 2 years. I sold my NSX and put the money down on that condo.

I sold my car and home and all my furniture in 2003 and moved back in with my parents. I came home with a hefty check for over $100,000. Added my to savings, I had a significant wad of money.

I had read almost every single Kiyosaki book and every real estate rental book out there the past two years. It was 2004 and now that my expenses were nil, I was really getting sick of my job. I obviously didn't want to stay at my parents house forever so I looked for a change.

I remember seeing on Loopnet that there were 4-plexes in Phoenix asking $150,000! I didn't know anything about Phoenix. I thought it was all brown and desert. I had a friend living in LA. He said that I could live with him. So I quit my job and moved to LA. On the way to LA, I stopped by Phoenix and bought 2 condos in Scottsdale and a preconstruction house. Talk about impulse shopping! I had 4 properties and no job!

These buys were all based on cashflow. I was a cashflow guy. If COCR was above 10%, I was buying. The condos had Section 8 tenants and would cashflow $183/mo at the price I paid with 20% down. One day from moving out of Chicago and I was cashflowing $366/mo! This was easy. LOL

I didn't really like living in LA. I was 30 minutes from the beach and real estate was crazy expensive. 4-flats were $1,000,000 and massively negative cashflow. I couldn't stay with my friend forever and the LA RE market was booming. Then one of my Section 8 tenants got kicked off of Section 8. It was reported that she was a prostitute and on drugs. I got her evicted and went to view the condo, which was of course, trashed. I had to fix it back up to get it re-rented. In the process, it occurred to me that I should just move into it. That's how I ended up in Phoenix.

The market in Phoenix went crazy during 2005. I literally hit the lottery. Homes were appreciating $10k per month. I made another preconstruction purchase based on the comps I felt I had $100k in equity at the purchase. My Chicago condo also closed with about $60k in equity.

In 2005 I had literally turned my networth into around $600k. However, I totally understood that this was pretaxed, pre-realtor commissioned money. Getting $600k cash in the bank was another story.

One day I was surfing craigslist when I came across an ad about preconstruction, cashflowing, mountain view townhomes in Salt Lake City. I made a call to the realtor, did some research online and decided that he wasn't bullshiting. I booked a flight the new morning to SLC, rented a car and met the realtor. I drove the areas, looked at the rents and bought 2 townhomes at $140k. I found a property manager and hired them and my first PM'd rental was born. My calculations didn't quite work out. My proforma rents were too high and I had accept lower rent. Turned out that both townhomes had break even cashflow. Well, one was -$7/mo. These townhomes have appreciated to $195k each, adding another $100k to my networth.

I also picked up a couple 1 acre lots in St. George, Utah. This was my first foray into land. In hindsight, I broke my cardinal positive cashflow rule. Buying land you are 99% assured negative cashflow.

2006 saw the downturn of the real estate market. This is where having positive cashflow or at least breakeven cashflow helps alot. I sold my lots in St. George at a loss of around $35k. I sold my condos in Scottsdale at the peak of the market. I sold one preconstruction house at about $65k below peak prices. My SLC and Chicago properties have held in value. My Phoenix properties have dropped huge. I've learned alot about value of geographic diversification.

My story doesn't have and ups and downs like the other ones. However, some months are bad and some are very good. During the bad months you wonder if you should have stayed in the comfortable cubicle and lived the easy predefined life. The biggest thing I've learned is that you should take risks in life.

I do sometimes wonder what my life and networth would be if I stayed at my job in 2004. I think about what I've experienced in the past 3 years since quitting. I'm not talking about the money. I'm talking about living in LA, PHX, traveling to SLC, St. George and dozens of other cities that I ended up not buying anything in. My ex-co-workers used to call me and the first thing they said was, "Hey, what city are you in today?" Before that I had spent 33 years in Chicago.

When I moved into my condo in Scottsdale, I experienced something for the first time in my life. I had lost the ambition for money. What I mean is the pursuit of making lots of money just to make money. I had a monthly payment of $600/mo which included all utilities. For all intensive purposes, I did not have to work for 10 years at my current burn rate. The need for money to pay bills was gone.

So now you wake up and what do you do? The answer is... anything you want! This is what many retirees face after 55 years. I faced it at 33. I had a new outlook on life. My main priority now was living life, I figure I have at least 50 years. Where does all the time go? LOL Money is important, but money is a means to live life. You shouldn't live your life to get the money. If I want to travel the world, I find out what it costs and then go make that money. I look at money with a purpose. It's purpose isn't to sit in a bank. It's purpose is for you to spend it on things that you enjoy.

I might have to look into joining that Lambo crowd on here... you guys are making them very appealing to me!

10 years later, I love your story!

 

[Silver Silk]

It's not super impressive. Just a simple 2 bed 2 bath 1 car garage condo. Hope to update in 3-4 years with something nicer!

View attachment 14558 View attachment 14559 View attachment 14560
View attachment 14557

@biophase said its not super inpressive! Well done sir, enjoy the fruits of your labour!

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Dianne Cohen]

I think your story is interesting. Thank you so much for sharing it.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[AnneC]

Wow... I just found this thread. Fascinating!

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[Bigguns50]

It’s just interesting how your brain can sell yourself short. I’ve had many thoughts like these in the past years. Goals that were good at the time and now seem like I set a low bar. And now I’m wondering if I’m doing it right now, today.

This is me 100%. I have written on my dry-erase board in my office, "Thing BIG....BIGGER!".

 

[Isaac Odongo]

When I type this all out, it seems like I'm just into real estate these days! Real estate doesn't really take alot of time. I mean if I purchase 2 properties a year, it takes maybe 1-2 months for each one

Thanks @biophase

Been reading references to you over here in many threads. Thought you were out of here already.

Great to have it you around and still talking. We need your older voices here a lot comrade.

Your thread here makes the process seem so easy.

Everything has a starting point.

Sticking to the lane and continuously running is what matters.

You have a decade + of progress here.

Some of us are knew on here and into entrepreneurship and are on a rush of some kind.

Your progress shows time is still a constant factor. And it's more valuable than money.

Which means we shouldn't sell it for money.

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[GuestUser4aMPs1]

Edit: I don’t know why some sentences were all capitalized. I am using speech to text while walking and do not have time to correct it yet.

Keep it, I found it more impactful

Congrats on your progress!

 

[FT1]

Great story! Thanks for sharing.

Fred

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[hakrjak]

2006[/B] saw the downturn of the real estate market. This is where having positive cashflow or at least breakeven cashflow helps alot. I sold my lots in St. George at a loss of around $35k.

Hey Buddy -- Sorry to hear you took a loss on the St. George land... That's one place I would have expected to do well, along with Mesquite Nevada just across the border. Oh well, we'll get 'em after the down turn.

- Hakrjak

 

[WheelsRCool]

Great story, speed++ for you!

 

[CactusWren]

Hey Kenric,

We need an update, please!

 

[Jbellefeuille]

Change is good - This is the type of change needed.

[ame]http://www.youtube.com/watch?v=9l-YYqjhVi4[/ame]

 

[MrPink]

Sounds like you are living the life to write a sequel:

The three hour work week :icon_super:

Mr. Pink

 

[andviv]

imirza, what a great idea!!!

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[lightning]

Awesome story with some great lessons, cant believe I missed this one till now.

I look forward to your future updates! +Speed to ya!

 

[Sid23]

Can you give us your url to view your site?

(did i already miss it somewhere?)