All Forum Posts by: Brandon White

@Deavin Cox can you use your demolition business or trucking business to create more cash? What would $1000 invested in to your demolition business do for it?

@Robert Kirkley lots of ways to use cash back credit cards in your favor. I have an AMEX card that pays 6% back on groceries, 3% back on gas, 1% on everything else for $95/year. Lots of other good ones out there.

Also, I have my savings in one of the Wealthfront 2.57% savings accounts.

@Josiah Patrick Zebarth I would highly recommend finding a B2B sales job with a company that has a proven path for sales reps to be successful. By doing this you’ll get paid to learn about general business management (because you’ll talk to business owners all the time), negation, overall good communication skills, how to deal with rejection, how to structure a deal, how to market, how to deal with difficult people, etc. These are all skills that people pay for in business school.

Another great option would be to learn a trade. I’m in the flooring business (materials only) and I can tell you lack of qualified installers is a crisis in our industry right now. Because of this you can make really good money in it. You’ll also learn a trade that will help reduce your rehab costs, allow you to network with general contractors and other tradesmen, learn about estimating rehab costs, etc. Another way to make good money learning what other people pay to learn.

I’m not sure of your living situation but I would try to stick around home for a year or two if possible to save up more. It’s VERY possible to save $15-20k per year while single and living at home if you work your tail off and live frugally. Don’t do it too long - you need to get out on your own and stand on your own two feet. But a year or so could create financial leverage that sets you up well for the future.

Last thing, don’t get any consumer debt. Do not finance a car. Do not buy drinks for your friends on a credit card. Use debt to buy things that will make you money - nothing else. At least until you’re set up very well financially. It’s much harder to get out of debt than to get in to it.

@Brigham Lewis apply for every scholarship or grant that you can. There are so many programs out there that I didn’t k ow about. Could’ve saved a ton of money.

Also, I got much more value from my college network than my college degree. Be a good student, but get out there and meet people. Join a fraternity. Participate in on campus organizations, etc.

@Michael B. Rigid plank LVT with a click locking system is extremely popular right now. Typically if an LVT installation has issues it’s glue related so using something that eliminates glue is a good way to eliminate a failure point.

You’ll pay more for a loose lay floor, but they really are extremely easy to lay and repair compared to click or glue down options.

If you decide to go with a glue down option, be sure to use a high quality adhesive. That’s not the place to skimp. One of my customers used glue down 6 mil wear layer LVT in a bunch of rental properties. The ones that had high grade pressure sensitive adhesive have held up great. The ones that had a low end multipurpose adhesive failed after one year (planks were completely unglued).

Hunter, it's going to be really tough to find that width. If it was me, I would get a 2-1/4" for those areas then refinish the entire floor in a matching color. That works pretty well if the different widths are in different rooms because people tend to notice color more than width. Hope that helps!