All Forum Posts by: Henry Clark

I would recommend you give up the listings.  Or.

These type of clients.  Can you talk the full gamut?  Financing, taxes, ownership transfer, property taxes, 1031 exchange, banking, construction, etc.  They will expect you to put it in a silver platter.

Marketing.  Google other resort areas.  See how they market.  Look at their presentations.  Caribbean island properties.  Costa Rica, etc.   Contact all similar property owners in Belize.   They will have friends.  

@Jay Hinrichs @Brian Burke.  Thanks

This would be an assisted living all phases.  Our largest employer a state memtal hospital closed down. All of the other buildings and houses I can visualize a use.   This one would need to be an assisted living.   Dont need that many apartments in our small town.   Plus brings employment.  

If you know of anyone familiar with assisted living development.  We are near Omaha.   Would like to have a more in depth conversation. Thanks. 

Thanks @Jay Hinrichs

Would like to discuss retirement home development or get a contact.   Looking at feasibility of converting a hospital to a retirement home.  Thank you. 

If I had a B or C average in high school.  No money.  No support group.  Had no career plans.  Not a high energy person. just an average person.

At 20 I would join the Navy or the Coast Guard.  With these two branches your guaranteed very livable locations.  Live in Texas for a year then sign up.  Free state college tuition for any kids you have in the future.  No property taxes in the future if you retire there????

1.  Learn electrician, plumbing, trades..   Or law enforcement or fireman. Get a free college degree if you want.  

2.  After E5 rank you can live off base.

3.  Step 1 buy a trailer.  Use your free nontaxable BAH money and match your monthly loan payment to your BAH payment.  Even if you sell at the same price in 2 years you make money.  Say bought For $50,000.  Your BAH payment is $1,300 per month.  Sale for $50,000.  You make $31,200 recouping the tax free BAH money.   No capital gains or taxes.  No rental payments.  You can sell for less and still make money.   Avoid sales commission.  Sale yourself and have either a realtor or an attorney do the transaction for a fee.

4.  Step 2.  Keep moving up in value.  Plus your BAH will keep increasing with your rank.  Plus start renting out rooms.  Teach another military person and sell to them.  

5.  Step 3.  You get married and have kids.  Keep moving up in size.  

6. Step 4. As you build up cash. Start to do value add. Do ADU. Split off extra land lots for sale. Keep a unit as you move as a rental property. Etc.

   7.  Step 5.   Retire around 42.  Get an overseas Civil Service job so you can get BAH.  You don’t get that in the states.  Plus your military years tack onto your Civil service so you get another retirement.     

You had a B or C high school average.  No money. No career direction.  No family support.  No connections.

Now.  No college debt.  You can have a trades business and not just a job.  Should be worth $5mm net.  Have two retirements.  College paid for your kids back in Texas.  Living in a great house.  Living overseas in Italy on the governments dime.  Can even own a Ferrari if you want.

When I go to Notifications on my cell phone I can’t access.  I get an error message.  Is there an issue with the site or it is on my phone?  I can access everything else in the website. Thanks. 

OP. I always like having an unfair advantage.  

You can do SFH and rentals and compete against everyone. Depending on your situation. I would look at yourself personally. Do you own your own dental building. Can you find one with living quarters above?

Start and sell practices.  Use that as your scaling approach.  Sell a business and not just real estate.  Think of coming out of college or the military plus starting a practice.  If you could seller finance you have a Sticky client.   They can lease to own.  They won’t want to move due to their client base and starting over.  

OP more detail.   How many accounts?  What type of industry or mix?  Are invoices fairly static or always changing?  

@John McKee.  Who you calling Nowhere USA.  

OP there are 5 self storage locations for sale in Maine in your deal range.  Let alone neighboring states.  There are management companies specific to self storage so it is hands off.  No rent control on self storage as one of your concerns .  

You have lots of great options near you.