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I am more like a student that wants to help other people. The year it took to buy the first business was hell, and I figure I can help others cut corners. It sounds as if you are able to see opportunities. That is a plus. The author of Rich Dad, Poor Dad talked about how if you wanted to be an...

If you can"t find the paper version of Invaders, you can find Invaders torrents pretty easy.

I"d rather see a movie with Black Adam by himself, at war against the world and ripping people in half, ripping their faces, etc. http://bigpicture.fancast.com/061708-molalemarvel.jpg

I remember being pissed how she owned Cap like that too as a kid. It was like she was burning the U.S. flag or something. Nowadays, I don"t care. They"ve killed off Cap and resurrected him like five times in the last decade. Marvel has let this happen so much that I am callous to it (with a...

What exactly is would the process of remortgaging property be like? Care to share more info than what you did?

About ten years ago, I know a guy who owned three dealerships, cattle auctions, farms, and had several hundred rental properties. With the rental properties, his strategy was that he"d buy ten properties and pay cash. He"d then finance the 11th home, and use the proceeds from the ten homes he"d...

How would owning an apartment building be better, profitability-wise? I"ve always thought that this would be the way to go, but in my market, the apartment buildings are selling for a price where the debt service is almost equal to what they bring in. For the amount of money invested, I"d...

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Is renting more stable, cash flow wise, compared to owning a business? How about time-commitment wise (compared to owning a business). With all the nightmares some landlords tell me, I almost think I"d rather own a 2nd business, than to own several rental properties.

My kind of hero

Why is it that when villains turn hero, they get so weak? Rogue used to own as a villain. She soloed Captain America, the Vision, Thor and Wonder Man back in the day.

The Death of Thanos - Drax finally wins!

Here are some pages from War Machine v.1 - he"s Rhodes from the Iron Man movie. I can"t believe its been like 20 years. Anyway, it looks as if he"ll be getting another series soon. One of the things that stood out to me is that Rhodes was a different type of hero - he decides to go to war...

I have this fantasy (or so current landlords tell me) that owning rental properties is easy profit in four steps. 1- Find a rental property. 2- Find good tenants. 3- Find a rental manager, salesperson and maintenance person. 4- Profit from passive income and don"t do any work...

It seems like we are starting to get more hits from the Internet this week. I have been having the secretary ask customers where they found us. One thing I learned in Corporate America is that if you are spending money in Marketing, you better have some accountability. So if you are doing an ad...

An MBA is nice, but not necessary. Of course I think getting an MBA from a t1 or t2 school is worth it - I already got one. This is nothing but confirmation bias from me. I do think that getting business training in the core areas is important (Econ, Accounting, Management, Finance, Ops...

A write-up would be great (it probably deserves it own thread). I hear alot of landlords screaming in RL right now. I don"t know anyone with rental properties right now that claim to be making money - maybe I am talking to the bad landlords.

You can do the numbers easy. I have about 100K of my own money in the business. Even with the ups and downs, I am netting $8K-10K a week. Looking at the historical averages for the stock market, at best I would net $250 a week. Basically, for the same amount of money invested, one hour of...

Maybe I haven"t made this clear, but the seller does base pricing on the customer"s neighborhood, job and age. If someone lives on a country club where the home prices are a million+, and they pay $30k a year to live on that country club, they get charged more. He won"t negotiate price with a...

The seller provided me with three years of monthly P&L"s, so I could tell that December and January have traditionally been the months where he bleeds red ink. He"s had Decembers where his sales volume is only 20% of what it is in the peak Summer months. He"s also lost money in every January the...

Thanks for the info. Just as an FYI, I think we"ll end up about $32Kish in net profit for the first month in business. The secretary had me closer to 40Kish, but she forgot that I spent $4K in payroll in the first week of my own money to keep everyone paid and keep the transition smooth. The...

It was more like a staff of people just taking care of their property. I have yet to meet either of the two CEO"s that we"ve handled in the last month. I have been told that the closest I will get is to their Foreman. The seller said he only had one time when the actual CEO called him, and that...

So I was asked to do an estimate today for the property of an ex-CEO of a Fortune 200 company. He"s been a past customer of the business. I drove past the security gates, and didn"t think there was anything spectacular. As I drove further in, there were street signs. I asked the seller why...

I will take any advice I can get on driving webtraffic. I have: 1- Signed up for AOL Yellow Pages, Google Maps, etc. We still aren"t showing because they are telling me it will take 6-8 weeks. 2- I have made up a website, and I am using Google Adwords. I am only getting 2-3 hits per day...

I don"t worry about the debt, because the price I paid wasn"t too high. Banks will usually balk at a price of four times earnings, because in some cases, this means half your net could be going to the bank. In this situation, with a monthly net of 30K, the debt service is just under 6K a month...

I haven"t posted in a bit - mainly because my flu has gotten worse (ugh). The advice that brokers give you is to not make changes to any business for six months. They advise you to learn as much about the business as you can. Also, since Winter tends to be the slower months for the business, I...

Check your PM"s. Regardless to say, there would be all types of asskickery if I broke an NDA. The original owner has died, but has pretty much made his brothers and sisters billionaires with company stock. And one of them referred us to the others, as well as the current CEO of the company...

LOL, I like the pic. I tried to pick businesses that were either close to my hobbies (health clubs) or that I had experience in (restaurants, I"ve always wanted to own one). Unfortunately, those are the usually the first and he hardest hit in recession. Outside of the issue of seller fraud, I...

I know nothing about pharma. I do know a bit about restaurants, as I have worked in them to get through school. And we did have a contract on one. Right now, banks are saying they will not finance restaurants or health clubs. I guess in recessions, they are the worst hit. When people"s...

Coming from a poor family is the worst (my wife"s side is even poorer). They make all of these jealous comments about how I am spending too much money, but in actuality, I don"t think we spend more than 15% of our income now, while they devour more than 100% of their meager incomes on every...

This thread has been therapeutic for me. I have worked incredibly hard in since college, and the last year has been hell. But its like Diddy said in the one song called " "Mo Money, "Mo problems." Other than my Dad, and two best friends, no one knows about it in RL. I don"t want a ton of...

ROFL. I was thinking about maybe another scene where he tells someone off or bludgeons someone to death

Um, which mod added that guy to my handle? I always thought if I were to have one on my posting avatar, it would be the guy from "There Will Be Blood." edit: nm

I believe you get back what you give. Pay it forward and all. I have given to charities even when times are tough and the budget has been tight. The problem with the world as we see it now is that everyone is worried about "me and my four and no more." /end sermonette. As far as getting out...

Yeesh, I just went through my business files, and in the course of a year, I looked very closely at 18 businesses (spending several weeks on each one), conducted due diligence on 4, and bought 1. That"s alot of nights and weekend time. Brokers and sellers will sell you the moon and tell you they...

No problem. The process was pure hell, but maybe someone else can learn something from my errors and save six months" if they decide they want to do it themselves. After going through a gruelling year of getting jerked around, I wouldn"t wish it on my worst enemy. I will be open about my...

Don"t you worry about not having staff? I had to call in sick today for the first time (with the Flu I think), and it is definitely nice to have a secretary, manager and assistant manager to pick up the slack. I will also be visiting family next week, but we"ll still be open for business. I...

I didn"t answer this question. I plan on using the CPA the previous owner had, because they were able to shield the seller from about 150K-200K in taxes last year (legally). We had to have the guy come in, and he charges $80 an hour, even for small talk. He records every conversation, so if I...

Because most business owners have an all-or-nothing mentality. They can"t imagine not working full time in one business. And most businesses go for sale shortly after the loan is paid off. The lure of making 250K, 500K, or up to a million, and not having people headaches, etc is so strong. That...

I lost all the links when my comp caught a virus. Basically, research the hell of buying a business. Also, reading enterpreneur.com"s articles are a pretty good place to get ideas. The way I look at it is to find a business that is a hobby, because then you are more apt to want to spend time in...