3 December 2019 | 20 replies
@Jesse DeanCheck out www.hostelworld.com and search some ski towns to put a seed in your brain on the possibilities out there.
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28 August 2023 | 20 replies
I had a friend years ago that was an otherwise great person but treated his car like a bird cage (literally, he had chewed sunflower seeds all over the car).
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18 November 2023 | 8 replies
Meeting anyone you can and telling them you're on the look out to buy just helps plant seeds.
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21 November 2023 | 5 replies
Rich Dad Poor Dad was the seed.
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30 November 2023 | 2 replies
More than any other business, deciding to invest in a real estate syndication is a declaration of faith in the deal sponsor.In many ways, that faith far outweighs the faith owners of Tesla shares must have in Elon Musk.And Musk is a one in a generation entrepreneurial genius inventor.Like many seasoned real estate investors,I decided long ago that wealth-building was a life-long game of patience and perseverance.On both counts,a real estate syndication fails the test.Most syndicated deals have a hold period of 3-7 years after which the exit strategy involves selling.The few that attempt to hold on to the asset via a refinance run into uncooperative investors who demand their seed capital back for various reasons,often resulting into a compromise to either buy them out or risk a legal battle.The facts of the matter are very basic:if it's not your deal,you don't make the big calls.Conversely,if it's not your money,you don't get to decide it's final destination.Now there's a good reason I never got into the flipping niche either.I'm not a transactional guy.It always felt like slaughtering the hen that lays my eggs,and I love my eggs to bits every time they are laid.It's why I keep going back to the hen.In the end,we don't need 1000 units to achieve financial freedom,we just need a handful of well acquired cash flowing assets to arrive at that place of peace.With some patience and due diligence,most people can get there without sleeping with 75 strangers every 3 years only to end up with no portfolio and a bagful of inflation susceptible cash with little to no tax advantages.That's where we did not want to be in the first place.If you do succumb to the temptation and end up being one of the few deal sponsors that actually look the part and take care of investors' money like it's yours,do make sure you haven't "quit" one job that you hate just to work in another that is even more soul-crushing.Managing multiple syndicated deals as a good deal sponsor can be big business,and big businesses can very easily turn into time-devouring leeches.Covid has shown us all we are nowhere near capable of seeing 3 months ahead,let alone 3 or 7 years.An asset is only really worth what the next buyer is willing to pay for it,no matter how much "forced appreciation" we have projected to investors in a rent drop environment.When balloon payments come due,thou shall sell or refinance,and good luck refinancing if the LTV is suddenly inverted.When the pieces suddenly don't fit the puzzle in front of us,the sinking feeling in the bottom of the stomach can be incredibly gut wrenching.Be careful.A voice in the wilderness,Jacksonville FL.
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19 December 2019 | 5 replies
For me the business has doubled every year for the first five years, but the first year you are just planting seeds.
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20 January 2024 | 2 replies
We used bird seed and cracked corn.
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17 May 2022 | 19 replies
This might be a good opportunity to begin planting seeds in LV for investment purposes.
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29 July 2021 | 216 replies
The rest is the "seed" that will ultimately grow and be your death benefit.
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1 March 2017 | 78 replies
There are a few bad seeds in any industry.