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All Forum Posts by: Major Robertson

Major Robertson has started 7 posts and replied 135 times.

Post: Online Property Financing

Major RobertsonPosted
  • Investor
  • Louisville, KY
  • Posts 142
  • Votes 77
Originally posted by @Max Matrin:

Can you tell me that how to investing my propert by online . 

 I'm a little confused on the working of your question. If you are asking how to invest in online properties I'd suggest a quick Google of "buy and sell websites". If you have more in depth questions I'd be more than happy to help.

Post: Online Property Financing

Major RobertsonPosted
  • Investor
  • Louisville, KY
  • Posts 142
  • Votes 77
Originally posted by @Linval T.:

@Major Robertson

Welcome to the vibrant BP community. Your niche is not popular, but, apparently lucrative. I actually Googled "buy and sell websites" in an effort to educate myself on this tangential business.

However, my advice to you is that it's in your best interest to embellish your profile if you are looking to attract funding/lenders. I am sure you have some interesting highlights to share, that will make investors want to take a second look and contact you to offer partial or full funding.

My theory is that if you have a widget and can articulate its usefulness and value, then there will be a market to sell the widget if you can convince others to buy it.

Good luck, best wishes and continue to follow this uncommon niche that you are so passionate about to the extent of pursuing it full time!

 Thank you for that warm welcome, and thanks for taking the time to look into the subject. 

You are correct, there are numerous highlights I can mention like: I've never lost money on a buy, I've bought a $500 web property and sold it for $4,000 in the span of a month, and I've currently bought a property for $4,000 that I plan to sell for $10,000+ in the next few months. I also have a full business plan laying out everything.

However the issue is finding people to pitch to besides a bank. I have no doubt that if I could find an accredited investor or non-bank lender I'd be able to secure funding. I'd even be fine with a loan as I'm confidant I'd be able to pay it off quickly. I'd love to hear if you had any advice about finding potential partners. 

Thank you, even if I have to slowly build it up from my personal income stream + revenue from flips I'll keep perusing it. I'd just like to expedite the process and share the wealth a bit. And I plan on building it to a full fledged corporation after this allows me to be financially independent. 

Post: Online Property Financing

Major RobertsonPosted
  • Investor
  • Louisville, KY
  • Posts 142
  • Votes 77

What I do is buy and sell websites / online businesses online. I know it's not the same as physical real estate however it is very similar. There is such a small amount of people that do this and it's hard to find a community to reach out to hence me singing up here.

I've been doing this for about a year and have been developing websites for about 5 years. I've only been buying and selling with properties worth around a few thousand and have been very successful. The average ROI for holding online property is 2-3 years (yes you read that right) and flipping is of course much shorter. 

I'm finding it difficult to get a loan as you would a traditional house. Lenders are used to that kind of thing and buying websites is new to them. Websites do have value and are considered an asset, yet it seems I can't get a loan to purchase one like a traditional house. The only options seems to be a startup business loan, or personal loan which don't provide enough capital and have high interest rates. I'm looking for $150,000, which would provide enough of an income stream that would let me do this full time.

I'm open to traditional and non traditional loans, investments, financial partners, or any other ideas that may be out there. 

Post: Is the porch part of the back yard?

Major RobertsonPosted
  • Investor
  • Louisville, KY
  • Posts 142
  • Votes 77

It does not say anything in the lase, it only says no back yard use. The question is if the porch is the backyard or part of the house.

We were told no because it was in disrepair, however we believe she may be fibbing.

Post: Is the porch part of the back yard?

Major RobertsonPosted
  • Investor
  • Louisville, KY
  • Posts 142
  • Votes 77

I am renting the first floor of a house and in the lease it says tenants don't have access to the back yard. However there is a raised fenced back porch about three or four feet off the ground that is accessible through a sliding door from the kitchen. There are steps leading to the back yard from that porch.

We asked if we could use the porch and were told no because it was in disrepair, however the neighbors dogs run up on the porch when they see me at the window (shared backyard between two houses). If we can find out that the porch is fine for use or if we fix it, are we allowed to use the porch? Or is it considered part of the back yard.

Thanks in advance.