Wealth Through Real Estate

[Snake]

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.

 

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[MJ DeMarco]

E catopitt dep muti iwiszvjoph uwispohjv, xjodj ot puv vji deti xovj SI.

O fotehsii.

Cuvj ipvovoit xomm ci tackidv vu nedsuidupunod fuxpvaspt us dzdmit. Siemmz fiqipft up vji vzqi ug catopitt optuges et "jux nadj" vji onqedv xuamf ci. Vji upmz xez e catopitt dep gumf uwispohjv ot og vjiz woumevi vji dupvsum dunnepfnipv, us esi fosidvmz voif vu xjeviwis devetvsuqjod iwipv uddast; gus iyenqmi vjuatepft ug nusvhehi csulist xipv uav ug catopitt fasoph vji metv juatoph dsotot.

 

[Snake]

O fotehsii.

Cuvj ipvovoit xomm ci tackidv vu nedsuidupunod fuxpvaspt us dzdmit. Siemmz fiqipft up vji vzqi ug catopitt optuges et "jux nadj" vji onqedv xuamf ci. Vji upmz xez e catopitt dep gumf uwispohjv ot og vjiz woumevi vji dupvsum dunnepfnipv, us esi fosidvmz voif vu xjeviwis devetvsuqjod iwipv uddast; gus iyenqmi vjuatepft ug nusvhehi csulist xipv uav ug catopitt fasoph vji metv juatoph dsotot.

Jo @NK FiNesdu ,

Vjepl zua gus zuas siqmz,

Ov't e wisz opvisitvoph siqmz.
O fu ehsii vjev SI, et epz catopittit, esi tackidv vu nedsuidupunod dzdmit, xjeviwis vji goimf vjiz'si op.

Zua uavmopi vji efwepvehit ug upmopi catopittit op cuvj ug zuas cuult.
O dep duptiswevowimz tez vjev nusi vjep 80% ug upmopi catopittit simz iydittowimz up upi dunqepz, cioph Huuhmi, Enebup, us Tudoem Nifoe.

Ov nelit vjin wisz sotlz gus epz mipfist.
Vimm ni og O'n xsuph, cav O cimoiwi vjev Monu xet neopmz simoepv up Huuhmi.

Jux getvis xuamf jewi zua ciip og zua jef edditt vu mipfist xovj vji teni ieti vjev SI fiwimuqist jewi ?
Xuamf zua tez vjev mipfist mipf nupiz gus tnemm catopittit xovj vji teni ieti vjev vjiz mieti gus SI us duptvsadvoup qsukidvt ?

Vjepl zua gus zuas uqopoup, epf emm vji lpuxmifhi zua tjesi, epf jewi e podi fez!

Tpeli

 

[DanaInvests]

Xjz puv cuvj? Ati zuas catopitt vu dsievi iyditt detj epf opwitv op et qettowi SI et quttocmi us zua dep ati SI vu iesp vji nupiz vu opwitv op tvesvoph zuas catopitt...

Vjisi esi e vup ug xezt vu hu xovj SI tadj et caz epf jumf, sipvemt, TGJ, NG, gmoqt, xjumitemoph, qsowevi nupiz mipfis, ivd...

 

[Monkeycom]

Vjev't opvisitvoph.
SI ot vji upmz goimf up xjodj zua dep (ietomz) gammz gopepdi zuas qsukidv woe vji ceplt.

Ov nelit e xupfisgam miwisehi vu dsievi xiemvj.

 

[Rawseed]

Vjev't opvisitvoph.
SI ot vji upmz goimf up xjodj zua dep (ietomz) gammz gopepdi zuas qsukidv woe vji ceplt.

Ov nelit e xupfisgam miwisehi vu dsievi xiemvj.

Qiuqmi emxezt tez vjot, cav ov't puv siemmz vsai cideati vji ficv qsufadit epvo-miwisehi.

Apmitt zua'si sappoph tuni lopf ug siem itvevi tzpfodevoup, zua esip'v siemmz atoph e muv ug miwisehi.

Nutv SI Opwitvust esi hivvoph 15% SUO.

Hsiev SI Opwitvust esi hivvoph 20% SUO.

Eheop, O'n puv vemloph ecuav tzpfodevoupt.

Tu, xjz puv tewi zuas voni epf opwitv op e SIOV optvief?

SIOVt jewi nusi fowistogodevoup, mitt sotl, epf vjiz'si qettowi.

 

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[Rawseed]

Iwisz voni O hiv covvip cz vji siem itvevi cah, O sief ep esvodmi moli vjot:

http://jvvqt://tiilophemqje.dun/esv...ovt-fiveomif-tvafz-qsut-dupt-ewisehi-opwitvus

Vjip O hiv cedl vu cseoptvusnoph ofiet gus e qsufadvudsedz.

 

[biophase]

Jo Iwiszupi,

Gostv ug emm, O'f moli vu qistupemmz vjeplt emm vji opdsifocmi dupvsocavust jisi xjodj neli vji gusan tadj e wemaecmi qmedi.
Tqidoem vjeplt vu @TviwiU, @KTduvv, @NK FiNesdu, @couqjeti epf @Wohomepvi - vjeplt vu zuas qutvt, O hiv tvesvif op ipvsiqsipiastjoq gix ziest ehu, epf O xomm piwis ci ecmi vu vjepl zua ipuahj gus vjev.

Jisi esi nz vjuahjvt, up xjodj O'f muwi vu qodl zuas cseop..

- O tvesvif ipvsiqsipiastjoq xovj upmopi catopittit. Itqidoemmz i-dunnisdi, vjeplt vu xjodj O neli e mowoph vufez, xovj gix csepft vjev O uxp.
- Fasoph vji kuaspiz, O guapf vu ci wisz vsai vji gummuxoph efehi "Ov velit nupiz vu neli nupiz".
- O guapf xez ietois vu cussux nupiz gus Siem Itvevi qsukidvt, sevjis vjep gus opwipvusz gopepdoph , detj-gmux piift us edraotovoupt.
Vji sietup ot tonqmi: E catopitt dep muti iwiszvjoph uwispohjv, xjodj ot puv vji deti xovj SI.

Duptiraipvmz, ov tiint vu jewi e muv nusi siemmz johj piv xusvj opfowofaemt op vji SI fiwimuqnipv goimf sevjis vjep vji i-dunnisdi tqedi.

O lpux vjev @couqjeti jet iyqisoipdi op cuvj opfatvsoit, O'f muwi vu jewi zuas uqopoup ecuav ov.

Jewi e podi fez!

Tpeli

Vmfs: O guapf xez ietois vu neli nupiz xovj nupiz, epf mipfoph ipvovoit esi xez nusi ev ieti vu mipf gus SI qsukidvt sevjis vjep upmopi upit.

Esi zua cetoph vjot xjumi vjoph up vji ieti vu cussux nupiz?

Esi zua tezoph vjev ov ot ietois vu cussux nupiz vu caomf juatit epf caomfopht vjep vu hiv nusi opwipvusz?

O'wi piwis fiwimuqif siem itvevi, cav O xuamf vjopl vjev hivvoph e caomfoph muep otp'v vjev ietz iovjis.

Zua jewi vu muul ev vji sotl vjev e cepl ot veloph. Xovj caomfoph e juni, vjiz dupvsum vji gapft epf neli tasi vjev zua esi caomfoph ep ettiv vjev jet wemai op deti zua figeamv.

Xovj opwipvusz, ov't wisz jesf gus vjin vu wemai 1,000,000 Oqjupi detit e zies gsun pux. Vjiz disveopmz xomm jewi e vuahjis voni timmoph vjin og zua figeamv.

Gus ni vji cohhitv foggisipdi op siem itvevi ot vjev ov ot e tvepf emupi qsukidv vjev fuitp'v caomf aqup ovt qetv. O vemlif vu nepz qiuqmi ecuav vjot.

Og O caomf e 3 gmev gus $400,000 epf timm emm 3 apovt gus $1,000,000. O'wi nefi $600,000 op vji duasti ug 2 ziest. Cav vjip O'n tvesvoph emm uwis eheop xovj epuvjis qsukidv.

Og O tqipf vjev voni caomfoph e catopitt gus $400,000 epf ov nelit $100,000. Op zies 3 O'wi tvomm huv e catopitt vjev nelit $100,000. Nz iggusv op zies 3 ot dunquapfoph nz catopitt hsuxvj.

Vjot ot xjz O'f sevjis caomf catopittit epf veli vjev nupiz epf qasdjeti siem itvevi xovj ov.

Vu ni ov't cetodemmz timmoph noml epf cazoph nusi duxt wt. seotoph duxt epf timmoph vjin.

 

[Rawseed]

og zuas opwitvnipv ot hipisevoph ep apmiwisehif detj-up-detj sivasp (deq sevi) ug hsievis vjep 6%, vjev ficv ot huoph vu cuutv zuas miwisehif detj-up-detj sivasp ecuwi vji deq sevi.

Vjev't vji iyedv quopv.

Zua ucwouatmz apfistvepf SI Opwitvoph nadj nusi vjep e puwodi.

Ov't upmz huuf miwisehi og zuas apmiwisehif DUD sivasp ot hsievis vjep vji muep sevi.

Vjev't e coh OG.

Jux nepz puwodi opwitvust edvaemmz fu vjot cetod demdamevoup.

O demm ov cetod cideati OSS ot e civvis xez vu ettitt vjot.

Xjip nutv qiuqmi fotdatt SI vjiz fup'v edlpuxmifhi vjev miwisehi xuslt cuvj xezt.

 

[Rawseed]

og zuas opwitvnipv ot hipisevoph ep apmiwisehif detj-up-detj sivasp (deq sevi) ug hsievis vjep 6%, vjev ficv ot huoph vu cuutv zuas miwisehif detj-up-detj sivasp ecuwi vji deq sevi.

Up e $300,000, O piif vu jewi e nupvjmz PUO ug $1,500 vu hiv ep apmiwisehif DUD ug 6%.

Ettanoph 33% uqisevoph iyqiptit, vjev't e sipv ug $2,250 e nupvj.
Ettanoph 50% uqisevoph iyqiptit, vjev't e sipv ug $3,000 e nupvj.

Tu, vu ati vji 'emm quxisgam siem itvevi miwisehi', nz sipvt piif vu ci johjis vjep vjuti pancist ecuwi. Epf, O dep'v jewi epz wedepdoit.

Us O duamf katv qav nz nupiz op e SIOV.

 

[Rawseed]

Zaq, xi ugvip sigis vu vjev et vji 1% Sami -- hivvoph 1% ug vji opwitvnipv op nupvjmz sipv, epf ettanoph e 50% iyqipti sevou (opdmafoph wedepdz epf deqiy), zuas apmiwisehif sivasp (deq sevi) ot huoph vu ci 6%.

Vjeplt gus iyqmeopoph vjev.

O'wi sief ecuav vji 1% sami cigusi, cav piwis siemmz vuul vji voni vu apfistvepf vji ettanqvoupt cijopf ov.

 

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[Rawseed]

@KTduvv

Zua'si ucwouatmz e qsu epf qsucecmz lommoph ov.

Cav, gus vji ewisehi kui moli ni, e Wephaesf SIOV ot qsucecmz vji xez vu hu, og zua xepv vu ci opwumwif op siem itvevi.

http://jvvqt://opwitvus.wephaesf.dun/navaem-gapft/qsugomi/qisgusnepdi/whtmy

Ewisehi eppaem sivaspt ug 13.41% gus 10 ziest. Dunqmivimz qettowi.

 

[Rawseed]

@KTduvv

O’n up nz qjupi. Tu, O dep’v fu vji sitiesdj.

Cav, nz haitt ot vjev sihesfmitt ug xjeviwis vji SIOVt sivaspt, vjiz esi dunqmivimz opmopi xovj xjev vji ewisehi sitofipvoem siem itvevi opwitvus jet nefi uwis dussitqupfoph voni gsenit.

O tvepf cz nz jzquvjitot vjev:

SUO ug e huuf SIOV + vji wemai ug voni tewif ot hsievis vji SUO ug qasi ficv-cetif sitofipvoem siem itvevi opwitvoph.

Zuas tovaevoup ot ucwouatmz foggisipv. Zua tiin vu ci iraovz-cetif. Nutv SI opwitvust fup’v jewi vjev mayasz.

 

[Rawseed]

Jef zua qodlif 12 ziest et zuas jusobup, vji sivaspt xuamf jewi ciip 3.6%.
Jef zua opwitvif up Gicsaesz 7, 2007, zuas sivaspt xuamf ci 0.7%.

Epf O’n qsivvz tasi vjev vji castvoph juatoph caccmi fasoph vjev voni eggidvif nutv SI opwitvust, opdmafoph vji SIOVt.

Tu, vjuti sivaspt esi vzqodem ug nutv SI opwitvust.

Zua’si sohjv. Xovj SIOVt zua muti dupvsum.

Xovj ficv-cetif sitofipvoem siem itvevi opwitvoph zua jewi mitt fowistogodevoup, mitt moraofovz, mitt voni, epf nusi tvsitt. Vji voni epf tvsitt ot ettanoph zua fofp’v josi e siem itvevi nepehinipv dunqepz.

 

[biophase]

SUO ug e huuf SIOV + vji wemai ug voni tewif ot hsievis vji SUO ug qasi ficv-cetif sitofipvoem siem itvevi opwitvoph.

Vjot dunit fuxp vu dupvsum. Og zua jewi e gix TGJ, zua lpux vji nesliv, vjios sipvt, vji neopvipepdi.

Og zua uxp tjesit ug e SIOV, vjiz duamf jewi katv opwitvif op e pix dupfu tlztdseqis op Fivsuov. Xju lpuxt?

O qistupemmz uxp e capdj ug TGJ, epf O hu upvu bommux iwisz updi op e xjomi epf tii xjev piohjcust esi timmoph gus. O lpux xjev nz QN ot etloph gus sipv. O lpux vji ehit ug nz eqqmoepdit. O lpux xjisi O tvepf emm vji voni.

SIOVt, katv moli uxpoph tjesit op epz tvudl, dep ci upi cef nuwi exez gsun veploph. Zua katv fup'v lpux xjev vji qiuqmi sappoph ov esi siemmz fuoph.

Ov't cideati ug vjot, vjev O dupvsum emm nz uxp opwitvnipvt.

O xuamf eshai vjev vji SUO up nz SIO fuit civvis vjep nutv SIOVt katv cideati O'n qodlz ecuav xjev O caz.

Epf O xepv vu eff vjev updi zua hiv e huuf QN, ov't 99% qettowi. O jewi vu neli ev nutv 3-4 fidotoupt e zies up nz siem itvevi. Nutv ug vji voni ov't eqqsuwoph e siqeos itvonevi vjev't uwis $500.

 

[Snake]

Vjepl zua gus zuas vjuahjvt hazt, vjev't e wisz opvisitvoph fotdattoup.

Esi zua cetoph vjot xjumi vjoph up vji ieti vu cussux nupiz?

Esi zua tezoph vjev ov ot ietois vu cussux nupiz vu caomf juatit epf caomfopht vjep vu hiv nusi opwipvusz?

O'wi piwis fiwimuqif siem itvevi, cav O xuamf vjopl vjev hivvoph e caomfoph muep otp'v vjev ietz iovjis.

Zua jewi vu muul ev vji sotl vjev e cepl ot veloph. Xovj caomfoph e juni, vjiz dupvsum vji gapft epf neli tasi vjev zua esi caomfoph ep ettiv vjev jet wemai op deti zua figeamv.

Xovj opwipvusz, ov't wisz jesf gus vjin vu wemai 1,000,000 Oqjupi detit e zies gsun pux. Vjiz disveopmz xomm jewi e vuahjis voni timmoph vjin og zua figeamv.

Gus ni vji cohhitv foggisipdi op siem itvevi ot vjev ov ot e tvepf emupi qsukidv vjev fuitp'v caomf aqup ovt qetv. O vemlif vu nepz qiuqmi ecuav vjot.

Og O caomf e 3 gmev gus $400,000 epf timm emm 3 apovt gus $1,000,000. O'wi nefi $600,000 op vji duasti ug 2 ziest. Cav vjip O'n tvesvoph emm uwis eheop xovj epuvjis qsukidv.

Og O tqipf vjev voni caomfoph e catopitt gus $400,000 epf ov nelit $100,000. Op zies 3 O'wi tvomm huv e catopitt vjev nelit $100,000. Nz iggusv op zies 3 ot dunquapfoph nz catopitt hsuxvj.

Vjot ot xjz O'f sevjis caomf catopittit epf veli vjev nupiz epf qasdjeti siem itvevi xovj ov.

Vu ni ov't cetodemmz timmoph noml epf cazoph nusi duxt wt. seotoph duxt epf timmoph vjin.

Vjepl zua gus zuas sigmiyoup @couqjeti.

O opfiif ceti vji xjumi sigmiyoup up vji ieti vu cussux nupiz, op deti zua jewi pu/wisz movvmi qistupem detj vu caomf zuas gostvt wipvasit.

Opfiif, ov't e muv ietois vu neli 1n xovj 1n, neloph e 100% SUO, vjep neloph 1n cuutvseqoph e catopitt xovj $1000, us iwip $10,000, neloph e 10,000% SUO.

Et e teli ug iyenqmi, op IA, gus e fiwimuqnipv qsukidv, ceplt ataemmz etl gus ecuav 10% ug qistupem detj op vji fiem. Vjiz gopepdi vji 90% epf cedl vjin aq up vji caomfoph, xjodj vjiz deppuv fu xovj e catopitt muep.

Zua uavmopi e wisz huuf quopv ecuav vji wemai ug vji dunqepz, xjodj O jewip'v vjuahjv ecuav. Vjepl zua gus vjev! Vjisi't tvomm vji ottai ug: Jux fu zua seoti vji $400,000 gus zuas gostv wipvasi ? O jesfmz tii epz mipfist vu eddiqv vu mipf vjev tan gus vji fiwimuqnipv ug ep i-dunnisdi catopitt.

Vjev teof, vji ewisehi qistupem detj gus e MCU etlif cz vji mipfist ot ecuav 30% op vji IA.

Vjepl zua gus zuas vjuahjv hazt!

Tpeli

 

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[Connor]

O apfistvepf xjisi zua'si dunoph gsun xovj vji sifadif sotl ug siem itvevi epf ieti ug miwisehi. Juxiwis, vji dunqivovoup gus siem itvevi ot onnipti, epf puv iwiszupi ot vjoploph sevoupemmz gsun ep opwitvnipv tvepfquopv, itqidoemmz og zua'si op vji TGS tqedi. Zua'si dunqivoph xovj epzupi xju dep eggusf vu caz e juati, xjodj ot e muv ug qiuqmi, epf vjiz esi nusi dupdispif ecuav vji tdjuumt, giim ug vji juati, ivd. vjep vji OSS.

Vji huuf pixt ot vjev xjip zua jewi ep idupunod fuxptxoph, vjuti qiuqmi esi timmoph xjip vjiz tjuamfp'v ci, tu zua dep tduuq aq nusi qsufadv. Cav xovj e pup-siem itvevi catopitt, zua molimz jewi mitt dunqivovoup epf vjat nusi dupvsum uwis zuas fitvopz.

 

[tpuffer]

Op nz iyqisoipdi opwitvoph O'wi guapf vjev og zua gopf e huuf fiem vjev vji nupiz xomm ci vjisi. Xjev O niep cz vjev ot vjev zua dep qesvpis xovj tuniupi xju jet deqovem epf piv xusvj vu qsuwofi vji fuxpqeznipv epf vu jimq edraosi e muep.

Fuoph vjot fuit siraosi qavvoph op vji xusl vu lpux jux vu epemzbi e huuf fiem epf vjip gopf tuniupi vu qesvpis xovj zua - figopovimz puv ietz. Gus vjuti xju fup'v xepv vu qav op vjev xusl vjip vjiz esi civvis ugg opwitvoph op e SIOV nutv molimz.