All Forum Posts by: John Acheson

Besides container development what LEGAL permitted

ways can you think of that can bring

new construction costs down 25-50%?

I'm planning to build a light warehouse :)

what about new construction of a plex?

how do banks estimate potential income?

what's the difference between the SBA 504 vs 7a

and how do you owner occupy 60% of let's say

a plex if there are four or more units?

jobs creation requirements?

max DTI on commercial?

trying to do the impossible right now: CREDEV!

we've found a deal to develop the future of "essential"

real estate and would like to know how the

commercial construction loan game has changed?

The target is a 5,000 sq ft piece of land zoned light ind.

we want to build a tiny 2 story with LLC owner occupying the 2nd FL.

What's our lowest down payment loan options NOT fastest hard money

with excellent credit, great financials and some down payment?

this Black Swan is 10x or more bigger than the

Global Financial Crisis because we owe $300T

in debt and unfunded liabilities and the only

answers so far are accelerating debt through

free money like 0% taxes 0% loans QE printing, etc.

last time around RE dropped 40-60% depending on

the area and on the West Coast the high-tech areas

like San Fran and Seattle had areas only dropping 30%

as of today, Wall St. is down about 20% and could easily

go bear into 50% then junk bonds, fallen angels, layoffs,

bankruptcies, bail outs, and millions without any paychecks,

that's when RE foreclosures will be back and you'll see bargains :)

the best easiest thing you can do everyday is Google "layoffs" "bankruptcy"

and start studying different regions based on workers that won't be able

to pay their mortgage...then you know you've found a buyer's market

and you can pounce...in the mean time build credit, hoard cash :)

your best bet in entrepreneurship is to

A) build an A team

B) pursue an A/B idea

C) raise money

so start networking and keep an eye out

for a business partner with income/credit :)

we've been quoted about 4% on a SBA 504

but it probably requires an entity as well

as hiring one employee per $65K borrowed.

What other lending products are out there?

Should we approach online lenders,

national banks, regional banks,

local banks or credit unions?

THANK YOU VERY MUCH!

CONGRATS on cutting your losses! BRAVE!

Sold my real estate a couple years ago

and protected myself starting last year by

going short & going long on gold miners.

Sold NEM/GOLD for a profit today,

and shorts keep going up daily for now...

Since you can't short Real Estate the only strategy

I know of is dollar cost averaging so you can refi.

down your debt as the Fed announced 100 basis

point drop coming this year, and listen to Mark Cuban,

"live like a student" or Elon Musk, live at the office...

Sarah, very dangerous Q. I've been investing for 15 years mostly long in the market until going short last year and have run small businesses through Four Black Swans incl. this one and have to ask some Qs: how much cash can you afford to lose let's say up to 60% on? if you don't have cash, what's your margin rate? what industries do you have 10 yrs. of experience in? what businesses do you TRULY understand? what parts of public financial statement do you TRULY understand? if not, what is your greatest strength? i.e. people person vs numbers person, Meyers Briggs, etc.

The people that do well in stocks tend to be highly educated, decades long stamina, world class numbers and analytical skills, readers not talkers, life long learners that can connect many global dots together into a strategy.

But most run on emotions and that's why the only winner this week was JPM/GS on the VIX.

Now if you meant trading, things get worse, as 90% or more fail...

If you can't handle high amounts of risk, stress, losses, etc.

stick to real estate or hire a world class broker that has your back.

If you still want to invest, I would recommend going short NOT LONG until we hit bottom!!!

Laura, thank you so much for your comments and mentioning some business models to take a look at. As per the post above, I'm trying to figure out a way to connect homeless, poverty, low-income families to the American Dream and am frustrated by affordable housing trapping Americans out of the possibility of building equity towards a dream.

Do you know if the two nonprofits you mentioned offer traditional financeable legally zoned homes that can build equity over and over for many families over the years?

I really like the idea of owning tiny homes but most of the ones I've researched on YouTube are rural and probably not legally zoned, insurable and therefore NO financing.

Do you have any ideas for let's say a family making minimum wage to be able to get financed, into a home, build equity, to start the American Dream.

I don't like the idea of affordable housing trapping people

and believe that equity and the ability to sell your home

for a PROFIT is a really important part of the American Dream

that most all nonprofits are NOT allowing or capping/restricting.

Do you know of any stories like this: family buys tiny home, lives there 2-3 years, sells for a small profit for a down payment on a starter home, moved into 2nd home and builds equity again, and starts dreaming of their American Dream.

That's how it works with middle income and up,

so why can't we make a model for low income?