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4 March 2020 | 1 reply
There I picked up a 1955 used edition of 'The Richest Man in Babylon' for a few dollars.
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11 February 2020 | 1 reply
1 - Learn how to analyze markets properly based on $$$ not %%%2 - Learn how money works, and then learn how to develop strategies that don't involve buying distressed properties3 - Learn what a REI Plan is, how to design one, and how to execute it.4 - Learn the true meaning of the words: Cost, profit, risk, leverage, and more5 - Learn why your seed money should NEVER be spent...you only spend your profits6 - Learn what a "Cashlike Substance" is, and why it's more powerful than cash7 - Learn how 5% > 15%8 - Learn the meaning of the number 1073741824, and why from now on, it is the most important number sequence in your life.9 - Learn the Power of the Penny10 - Learn what Einstein called, "the greatest invention of the 20th century", and "...the 8th wonder of the world"...and how to incorporate it into REI....and, more
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24 February 2021 | 26 replies
I am having furniture built - I am cutting out the middle man and having expensive pieces made for a fraction of the cost.
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29 May 2020 | 12 replies
@Joe CassandraYep, that's generally how parks are valued - Lot Rent Stream as one separate valuation / POH as separate.In my spreadsheets, I separate the income / expenses for the two different portions.So if you're paying $2000 / mo to a maintenance man and he's spending 75% of his time fixing homes, then $1,500 is going to the POH side of things, and $500 to the Land Side.With the RTO stream, you can use a net present value formula, where you take all the anticipated cashflows, discount by 25% due to people bailing, etc, and then discount that income back to a rate you feel comfortable with (ie. 15%).That will give a theoretical value for those income streams.With POHs, here's what I've seen people do:Value based on what you can sell them for << more commonValue based on a gross rent multiplier, typically 1-3.
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26 June 2020 | 23 replies
I have recently been reading a RE book every 7-10 days and man, have you ever been like “THIS IS A LOT OF INFO!!”
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8 July 2020 | 2 replies
@Jaysen Medhurst thanks for the feedback man.
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11 August 2020 | 6 replies
Man Tom that is a great product..
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17 August 2020 | 5 replies
Which is what I want ( I think of my self as an "old man" investor) However, it gives a 8% perf return with 6% paid quarterly and the remainder paid when the assets are sold....That seems a bit low for a conservative play....Does anyone else have experience playing in "shallow end of the pool" and what returns I should expect.Best, John https://www.battlemonument.com/ https://www.guidonfund.net/about
1 March 2021 | 13 replies
Thanks for the recommendations, I’ll definitely try to find a way to incorporate that into the design.