All Forum Posts by: Scott Mac

If you are going to build a shelter, maybe set aside some space for another charity to come in and put in a soup kitchen type of facility to feed your homeless population on the site.

Just my 2 cents.

Figure out how much you need to have in the bank to buy what you want to buy.

Add to that figure an estimate for cash reserves to allow for turns, hard times, unexpected expenses, and expected expenses.

Add to that figure everything you get a need for closing costs, and remodel costs, and advertising Etc.

Get a second and put 100% of the money in the bank and don't spend any of it.

Then once you have enough to invest start looking for something to buy.

Good Luck!

Why do you think they would want to have you put in a section 8 community in that area versus a more upscale type of Apartments???

Is this an area  of town Where they would want to have additional section 8 instead of an upscale apartment community??

Zoning changes might be easy in your town because it's small, but you have to realize that the overall goal of zoning is that there are zones for certain things.

Typically this is not something that is done very lightly because they want certain things in certain zones.

Some of that has to do with things like electrical service being available in needed amounts for the types of structures that will be there.

There is also the impact on the things like the sewer system and traffic patterns and parking, and overall the desire of the neighbors who are already in the area to have zoning change so close to them. 

And while this doesn't directly answer your question, it may give you some foundation to build upon when you are discussing things with them.

Ask them what they want they may want a pitchbook of PowerPoint slides or something like that instead of a written material that is possible some of them will not have time to read.

Good Luck!

Hi Elliot,

So you want to work as a wholesaler --

And buy short term rental(s) using creative financing.

This looks to me like you are interested in the cash flow monthly as your main goal.

You also said that you have not been able to set aside enough money for a down payment yet.

Creative financing might be something you could possibly do.

One of the roadblocks you might come across when looking for a creative financing purchase might be your lack of experience - in that the seller might balk at someone with no experience being relied upon to handle his end of the bargain.

Meaning getting a deal like that might be similar to finding a Needle in a haystack.

And making your money from wholesaling - why not just get a second job, maybe from a temporary service, until you get enough money saved up to buy what you want to buy.

And do not forget that you will need cash reserves for times when business is rough, and for things such as replacements like a water heater, which can be expensive.

Join a local real estate investment club or two look online for them, 

You can make some local friends there and ask your questions of people individually and maybe find somebody who will let you shadow them a little bit from time to time.

Maybe meet up with them a coffee shop or something outside the meeting, and as they say shake a hand and make a friend.

If you make a friend you may have a much nicer time learning.

Just my 2 cents.

Have you thought about telling him to consider getting a temp service job to raise the money.

I'm not comment on voiding thing because I'm not an attorney, but to me, as just a businessman, I will tell you that the written material you posted appears to me to be like a mousetrap.

This is something that legal aid might be too able to assist you with if you are not very well healed financially.

Good Luck!

I would assume the city would probably have some sort of water price adjustment possibly for the homes or areas affected by pipe replacement.

Requiring the homeowner to replace the pipe individually would seem like a huge octopus of inspections and enforcements and etc.

Maybe you could get your City Council members to contract with lead pipe replacement specialist contractors and just add it to your city taxes or something???

Here are a couple of methods of pipe replacement that I am aware of you might be interested in looking at.

https://www.youtube.com/watch?v=6tdVDDnvGWQ

https://www.youtube.com/watch?v=IFPkZ5A9p-E

Good Luck!

Sorry if my timeline was not as expected.

 I am a busy man, sometimes more than others, as we all are.

I come in here to help others when I can.

I make no money from this-and making money is my primary focus.

That and handling the responsibilities and time consuming tasks that go with it.

I also lead a very comfortable life full of friends and business acquaintances that take up a great deal of my time.

(and I would hardly consider 5,000 posts to be ghosting)

As to your question, I have no idea. I just don't know.

Maybe some others might know???

Good Luck!

This should be my slogan https://www.youtube.com/watch?v=xt-9dQ84LBg

[1]  A down vote button seems like it will lead to Cliques forming in the background, with people getting together to downvote certain individuals based on like or dislike of the individual. Vigilante style.

[2]  This is an open dialog site. If you disagree with something or do not like it instead of using a downvote button to hammer someones numbers (Which some people cherish) You can simply state your thoughts in the open forum without affecting their numbers. No one is preventing you from doing that.

[3]  It seems like an open door to racism. We all know that this business can be done successfully by anyone, and is. Forming little groups in the background to down vote certain individuals comments based on skin color, or religion, or perceived political leanings seems like something we could all do without on this forum. Over the years I've seen this happen in other groups, not just with numbers but with responses also. We seem to be free of that here. To the benefit of all of us. And just avoiding it for this issue alone seems like a good reason not to do it.

In a nutshell I think a down vote button would not serve to further communication between us which is the goal of the site. Helping each other. 

So I think a download button let's throw a monkey wrench into the good that this site does for people.

Just my 2 cents.

Do you expect wildcatters to show up in your backyard? 

They have ways now to know where the oil is under the ground that are more sophisticated than random wildcat drilling.

Maybe you could find a way to look into if there is any oil under your property.

https://www.youtube.com/watch?v=T0CwhJSKG-s

Good Luck!