All Forum Posts by: Scott Mac

Why pedal when you can just ride?

I know a guy who used to ride one of these and loved it.

https://www.youtube.com/watch?v=xnwDCR0innE

If it were mine I would get three different bids on having it removed from contractors who are licensed to remove the asbestos material and will leave the floor left in a condition of complete asbestos freedom, as well as dispose of the material.

Having that information would allow me to decide if I wanted to do a short term cover up, because the carpet will need to be replaced at some point which will expose the asbestos, and then you're probably going to have another issue with the exposure, or decide if I wanted to make that asset free of asbestos flooring forever.

Good Luck!

Why do you have to build?

Would the demand in the area support simply owning some lower quality but comfortable and well run apartments that already exist, where you don't have to do any fix up and can still make a profit at the lower rent?

I'm not talking about slums, or cold water flats, which are illegal but simply apartments that have some wear on them.

 Just my 2 cents (well maybe 4 cents with inflation)...

Those are some really good points, in fact I was just thinking about this issue last night.

((("crazy specialty item in the first place. (feel free to ask me about this haha!)")))

So would you like to tell us more about the crazy specialty item's???

Grab the easy fruit - whatever that is for you.

(and) Live a comfortable life.

Good Luck!

I think a good goal for someone just starting out is to buy (1) ((good)) property, and get it rented out, and run it for maybe a year and a half at least just focusing on that one property.

But we also have those who are just starting out who want to use property management, or need to use property management because what they want to buy is far from their home, or they are just not cut out for being a property manager and all that it entails.

I think that what I said in the first paragraph still applies to that.

As far as net worth, you can't spend net worth it's not going to improve your lifestyle at all.

And not giving investment advice, which I never try to do, that's all I have to say about net worth.

 Just my 2 cents...

Isn't Marion County the horse capital of the world???

Especially thoroughbreds.

Maybe tie into that somehow???

Good Luck!

https://www.youtube.com/watch?v=BVMY-VX7NyA

Hi @Don Konipol

That seems like a really well thought out plan, I was wondering what your thoughts are on the seed money needed to get the investing portion off the ground???

Because that can be a stumbling block for some, the financial seed capital needed to get going, and what to earmark it for in the budget.

Regarding college, I believe that all 50 states require a college degree to be licensed as a real estate broker???

Although I'm not sure what the requirements are to be a broker/salesperson???

Although my personal belief is they do not teach any type of boots on the ground, or thinking patterns for daily usable information that will lead to closing more sales, or running what amounts to a sales operation. 

And I will say I am not a broker, I never have been- but am familiar with the business.

Basically to me it seems like a hoop someone will have to jump through if they want to be a broker- and I say that as a very educated person.

Maybe some brokers can weigh in on this and give some more opinion on it???

Good Luck!

Yes I remember reading about the cardboard box that Warren Buffett reads in underneath the freeway overpass.

I'm sure he lives in a pretty nice house himself - and not a cardboard box under any overpass.