All Forum Posts by: Dustin Allen

Maybe this topic should be renamed as "what's going on in your local market"?

Dion, 

I am no longer a member of the company. I sold my rights to the company and I'm financing the sale for my old partner. We have a fantastic contract that greatly favors me in the event of non payment. 

I greatly appreciate you reminding me that this security could not be sold on the open market. I thank you greatly and I will speak to my attorney on how to sell. 

Again, thank you so much

Thanks for your input Paul. 

Yeah i think youre right about selling it to someone i know. I will try that. 

Thanks again

Hi all, 

I have a question and didnt know where else to post this. I have a note from my business partner buying out my share. The note is secured with a first lien against the business, however no property. The sale was for only $20K & he has made 2 payments of $1,000. 

Do you guys think this is something i would be able to sell, and if so how do I go about it?

Hi guys,

I am looking to get advice form some of the lending guys. I am looking to buy a personal residence. I have a business that i'm financing the sale. Will I be able to use the income from the note when qualifying? 

Thank you!

@Account Closed

You make a very valid point. I have been Reading many books "enjoying the present", and it has become one of my goals actually. I currently own a business that I'm parting ways with my partner and that company just mentally exhausted me. So I'm looking to be more well balanced in my future endeavors. I honestly think that you can have BIG goals like Brandon was saying, but you can work on them IN THE NOW. Instead of over analyzing everything, just taking action & learning from mistakes. 

Just my take on it.

@Brandon Hall

Here are my goals for the next 2 years. Things change so drastically so I only do 1-2 years out. 

2015:

1. 1. As stated above one of my biggest goals is training myself to think right. I want to work hard, ENJOY THE PROCESS, and detach from the results. 
2. 2. Pay off debt so I can stop working overtime & have more time with family, friends, & to devote to business. 
3. 3. Buy one Fourplex, fix up, & increase value
4. 4. Run a Spartan Race

2016:

1. 1. Hope start having kids 
2. 2. Buy 2 Fourplexes 
3. 3. Buy one Mid sized Complex around 24 units +/-
4. 4. Go on Alaskan Cruise

@Dmitriy Fomichenko

Got it, thanks! I didnt see the pop up with the name previously. 

@Dmitriy Fomichenko Thank you so much for warm welcome & info!

Hi guys!

My name is Dustin. I am 29 years old & from Southern California, currently living in Las Vegas. I work full time as a Paramedic here & have been in that field for 10 years.
I'm very active and enjoy ice hockey, golf, snowboarding, motocross, and surfing.

I grew up with parents that were part time real estate investors. So at the age of 18 I was learning about amortization schedules and holding costs while my friends were out partying. At 20 I first read Rich Dad, Poor Dad & it changed my thinking forever. 

I became a Paramedic 21, but also tried to break into real estate investing. I got into debt a few times with a few Guru programs, and not much success. We bought a couple personal properties creatively, but that was about it. Then in 2011 I did end up taking on a multi family mentoring program through one of the local investing clubs with my dad. We learned so much but with so much market fluctuations during that time we didn't have any offers accepted. I kinda gave up on my business aspirations, even though i knew I had so much to offer.

That all changed in 2013. My old room mate from paramedic school was starting his own ambulance company in the mid west, and was having so much trouble getting the company off the ground. He offered me a job to work for him. I countered with a proposal for partnership, & bam! We were off the ground in running. Within 2 months we opened doors and literally started making money the first day. We started with no money, yet somehow we built the company from nothing into a multi million dollar company with many contracts & 25+ employees. I did all the accounting, HR, and as much as I could 2,500 miles away. He worked as a paramedic supervisor & handled the day to day operations.

However a few months ago my business partner started breaching contract, doing some super shady things, & we split ways. Yes, It did end poorly, but what I learned through the years is absolutely priceless. I count it as a total success in my book. 

So I'm here with my new found knowledge & experiences to try this investing thing one more time!