TwoPresidents
New Contributor
- Joined
- Oct 3, 2018
- Messages
- 4
Rep Bank
$65
$65
User Power: 175%
Hey everyone!
I'm really happy to be creating this post and interacting with you guys, finally. I've been a member here for a couple months and doing lots of lurking, and after a LOT (read: too much) thinking about whether to post this or not, I thought I'd take the shot!
My name is Grant, I'm 35, and I've lived in Denver, CO for the last 11 years. I'm recently engaged, and my fiance is a yoga instructor and also a budding entrepreneur, herself. More to the point of this site, I've attempted some entrepreneurial paths, although none yet have worked out. I've taken a (weak) shot at multiple MLMs (which, after reading the chapter about hitchhiking I totally understood why I it didn't feel right), along with discovering for myself which path in real estate I want to take (I'll say more about that in a minute). There's another space of entrepreneurship inside of being a well-being coach I'm pursuing, too. I've had a long standing, deeply rooted desire towards entrepreneurship and working a regular j.o.b has always felt really out of place for me.
SO - where am I in all this, right now? WELL, currently, I'm seeking out a job in IT to pay the bills (rent, gas, food, etc). And, it's going... Slowly. It's definitely not what I //want// to do, although it's what I //need// to do in the meantime. Once I find a job, I'm hoping it'll pay well enough to handle the basic bills, and also fund what I want to do inside of real estate, which I'll talk more about now.
I've searched the site for seller financed notes, and didn't really find a whole lot mentioned about it. I did see something about performing notes, and that's all I really found. One important thing I've accomplished, I'm very fortunate to have created a relationship with one of the top master note brokers/buyers in the country, and he has been mentoring me. However, what I'm lacking is marketing dollars and capital I can use to get things done in the meantime, like paying someone to get the website done for me (she was referred to me), configuring the domain/email address, marketing, and stuff like that. And the basic idea is to start as a note broker, and as I generate more capital through that business, I can start buying Notes myself for the long term passive income. I'd like to start lead gen the first quarter next year, turn a profit, and start buying my own Notes by summertime. It also doesn't really seem like a business many people are involved in (or that good at, frankly), and it's something I'm also really passionate about and see a pretty clear path for myself and my future family.
So here is where I want to say a few things, and I'm excited for your suggestions and guidance. I'm SUPER fortunate that I saw MJ DeMarco's book on Amazon, and loved it immediately. I got the ebook and the audiobook on the same day. That book brought me to you guys, and I really love the success and sense of community and support that I discovered here.
The questions:
► First one - should I just suck it up and get a job in the meantime and spend more time saving the money short term for marketing my Notes business?
► Second, related to the first - might it work better to find someone who is willing to lend me $7-10K //now// so I can both market for leads for my new business, and do that while working a regular full time job during the day to gain momentum?
► Third, and another option - How well would it work to borrow $30K and just leap hard into this business full time, for the next six months? With that amount of cash, I could focus on the business without being concerned about rent/bills/food/gas, and take actions //today// on fulfilling on it.
► Fourth - what/where can I learn about about raising capital, and what experiences have you had? I've looked on the forum for that, and I also didn't really find a lot of information about it. It may not be the right solution to do now, although later on when the business grows and I need to expand, it will be a skill to come in handy, and I'd rather work on it now when I'm starting out, than later when I really need it and don't have that ability developed yet.
I want to take a moment to just thank you guys wholeheartedly for reading this up to this point. I know this took some time, and is longer than usual since it's an introduction and my first post. I'll be 36 years old in about a month, and I'm REALLY over experiencing being broke and not living the life that I was put here to create. Friendships and connection are really important to me as a person, as is also being authentic with myself and others through communication. My intent is also to really create friendships here with you all, and have them exist both here and out in the world. I think it would be awesome to have Skype calls, or phone calls, getting together in person, and create something here that is uncommon, as a contribution to you guys. I don't know what your thoughts are on that, although I'd be interested to find out. Another intention I have is to really become a success story out of this Forum and this work, and from there create other success stories like I've read about so far.
Thank you in advance for your feedback and interacting with me, and I appreciate your support!
Grant
(And any other feedback you have unrelated to the topic is welcome, too)
I'm really happy to be creating this post and interacting with you guys, finally. I've been a member here for a couple months and doing lots of lurking, and after a LOT (read: too much) thinking about whether to post this or not, I thought I'd take the shot!
My name is Grant, I'm 35, and I've lived in Denver, CO for the last 11 years. I'm recently engaged, and my fiance is a yoga instructor and also a budding entrepreneur, herself. More to the point of this site, I've attempted some entrepreneurial paths, although none yet have worked out. I've taken a (weak) shot at multiple MLMs (which, after reading the chapter about hitchhiking I totally understood why I it didn't feel right), along with discovering for myself which path in real estate I want to take (I'll say more about that in a minute). There's another space of entrepreneurship inside of being a well-being coach I'm pursuing, too. I've had a long standing, deeply rooted desire towards entrepreneurship and working a regular j.o.b has always felt really out of place for me.
SO - where am I in all this, right now? WELL, currently, I'm seeking out a job in IT to pay the bills (rent, gas, food, etc). And, it's going... Slowly. It's definitely not what I //want// to do, although it's what I //need// to do in the meantime. Once I find a job, I'm hoping it'll pay well enough to handle the basic bills, and also fund what I want to do inside of real estate, which I'll talk more about now.
I've searched the site for seller financed notes, and didn't really find a whole lot mentioned about it. I did see something about performing notes, and that's all I really found. One important thing I've accomplished, I'm very fortunate to have created a relationship with one of the top master note brokers/buyers in the country, and he has been mentoring me. However, what I'm lacking is marketing dollars and capital I can use to get things done in the meantime, like paying someone to get the website done for me (she was referred to me), configuring the domain/email address, marketing, and stuff like that. And the basic idea is to start as a note broker, and as I generate more capital through that business, I can start buying Notes myself for the long term passive income. I'd like to start lead gen the first quarter next year, turn a profit, and start buying my own Notes by summertime. It also doesn't really seem like a business many people are involved in (or that good at, frankly), and it's something I'm also really passionate about and see a pretty clear path for myself and my future family.
So here is where I want to say a few things, and I'm excited for your suggestions and guidance. I'm SUPER fortunate that I saw MJ DeMarco's book on Amazon, and loved it immediately. I got the ebook and the audiobook on the same day. That book brought me to you guys, and I really love the success and sense of community and support that I discovered here.
The questions:
► First one - should I just suck it up and get a job in the meantime and spend more time saving the money short term for marketing my Notes business?
► Second, related to the first - might it work better to find someone who is willing to lend me $7-10K //now// so I can both market for leads for my new business, and do that while working a regular full time job during the day to gain momentum?
► Third, and another option - How well would it work to borrow $30K and just leap hard into this business full time, for the next six months? With that amount of cash, I could focus on the business without being concerned about rent/bills/food/gas, and take actions //today// on fulfilling on it.
► Fourth - what/where can I learn about about raising capital, and what experiences have you had? I've looked on the forum for that, and I also didn't really find a lot of information about it. It may not be the right solution to do now, although later on when the business grows and I need to expand, it will be a skill to come in handy, and I'd rather work on it now when I'm starting out, than later when I really need it and don't have that ability developed yet.
I want to take a moment to just thank you guys wholeheartedly for reading this up to this point. I know this took some time, and is longer than usual since it's an introduction and my first post. I'll be 36 years old in about a month, and I'm REALLY over experiencing being broke and not living the life that I was put here to create. Friendships and connection are really important to me as a person, as is also being authentic with myself and others through communication. My intent is also to really create friendships here with you all, and have them exist both here and out in the world. I think it would be awesome to have Skype calls, or phone calls, getting together in person, and create something here that is uncommon, as a contribution to you guys. I don't know what your thoughts are on that, although I'd be interested to find out. Another intention I have is to really become a success story out of this Forum and this work, and from there create other success stories like I've read about so far.
Thank you in advance for your feedback and interacting with me, and I appreciate your support!
Grant
(And any other feedback you have unrelated to the topic is welcome, too)
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
