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3 November 2024 | 0 replies
I borrow dollars from the bank and immediately sell those dollars to owners of commercial income property that I want to own.And then I buy those dollars back over time using the cash our tenants pay us in exchange for using our space.I'm currently shorting $10M and I can't lose regardless of who wins on 11/5By the way, the dollar will always decline in value so this thesis is applicable in any election or economic cycle.Go vote for whoever you feel strongest about, but remember you have infinite more power and that which is within your direct control.
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5 November 2024 | 4 replies
There's nothing like getting your feet wet and just diving into it and learning along the way, as long as you don't lose an arm and a leg in the process ;) you will grow so much with this experience and learn to do more due diligence in the future.
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6 November 2024 | 54 replies
You can lose insurance and buildability in those cases.
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3 November 2024 | 3 replies
I started out losing money because of employee salary and office space, but we quickly grew enough units that it paid for itself and then became profitable within a year.If you want to pursue this, I recommend finding an existing PM company that wants to sell.
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4 November 2024 | 7 replies
So, your cash flow may be closer to even long term, even if you are losing short term.
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4 November 2024 | 17 replies
Some of my best properties were often from people who tried to do fix and flip and ended up losing their shirt.
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3 November 2024 | 11 replies
If you are flipping it, you need to do it or pass on the deal or you will lose money on expected sale price.
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4 November 2024 | 9 replies
You can not DIY a chimney, there are so many things that can go wrong structurally, you could ruin the house and lose even more money.
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8 November 2024 | 53 replies
It's never because I am giving people bad advice or out to make them lose money.
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2 November 2024 | 22 replies
There are some partnerships that are designed by nature to be short term, so there’s not as much to lose if things don’t turn out rosy.