Snake
New Contributor
User Power
Value/Post Ratio
300%
- Sep 8, 2019
- 3
- 9
Hi Everyone,
First of all, I'd like to personally thanks all the incredible contributors here which make the forum such a valuable place.
Special thanks to @SteveO, @JScott, @MJ DeMarco, @biophase and @Vigilante - thanks to your posts, I get started in entrepreneurship few years ago, and I will never be able to thank you enough for that.
Here are my thoughts, on which I'd love to pick your brain..
- I started entrepreneurship with online businesses. Especially e-commerce, thanks to which I make a living today, with few brands that I own.
- During the journey, I found to be very true the following adage "It takes money to make money".
- I found way easier to borrow money for Real Estate projects, rather than for inventory financing , cash-flow needs or acquisitions.
The reason is simple: A business can lose everything overnight, which is not the case with RE.
Consequently, it seems to have a lot more really high net worth individuals in the RE development field rather than the e-commerce space.
I know that @biophase has experience in both industries, I'd love to have your opinion about it.
Have a nice day!
Snake
Tldr: I found way easier to make money with money, and lending entities are way more at ease to lend for RE projects rather than online ones.
First of all, I'd like to personally thanks all the incredible contributors here which make the forum such a valuable place.
Special thanks to @SteveO, @JScott, @MJ DeMarco, @biophase and @Vigilante - thanks to your posts, I get started in entrepreneurship few years ago, and I will never be able to thank you enough for that.
Here are my thoughts, on which I'd love to pick your brain..
- I started entrepreneurship with online businesses. Especially e-commerce, thanks to which I make a living today, with few brands that I own.
- During the journey, I found to be very true the following adage "It takes money to make money".
- I found way easier to borrow money for Real Estate projects, rather than for inventory financing , cash-flow needs or acquisitions.
The reason is simple: A business can lose everything overnight, which is not the case with RE.
Consequently, it seems to have a lot more really high net worth individuals in the RE development field rather than the e-commerce space.
I know that @biophase has experience in both industries, I'd love to have your opinion about it.
Have a nice day!
Snake
Tldr: I found way easier to make money with money, and lending entities are way more at ease to lend for RE projects rather than online ones.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.