what kind of business would sell huge sheets of cardboard?
14 years ago
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If selling bamboo - what to sell and how?
Comments (23)Are you wanting to start a business selling live bamboo? Cut bamboo poles? Or is the only option is to sell the removal rights to someone? I think your best bet is to search for bamboo farmers in your area, close by, to see if they wanted to harvest it. A long shot but they're the only ones I can think of who would have the know how and way of selling the product. I have no idea what kind of bamboo you have but you might not get much money, or any money, the harvester might even charge you. The savings would come from reduced removal cost. The value isn't so much in the standing bamboo, it's in a product. Creating that product is a serious investment....See MoreBusiness vs. Ethics - Would I be a slimeball?
Comments (83)Linda She is already working with me as much as she can. I have a relationship with her outside of real estate. However I am frankly frustrated by the lack of information when it is not her agencys listing. She is not doing this on purpose. On things that are her listing she gives very good information and has even talked me out of houses that she thinks are not for me. When it is not her listing she simply has limited information on it. I have found listing agents to be much more forthcoming about their properties, sellers motivations, where they are moving, time frame and other matters that perhaps I would not want my agent disclosing if I were the seller but which the listing agents do disclose around here. So I feel that using her rather than approahing the agency that has the listing has put me at a disadvantage...See MoreWould you use this? FSBO Consultant-I help you sell by Owner
Comments (37)Good for you that you get to keep 80%...but I'll bet that 99% of the time is off the 50% commission. I would get approx.1%- 1 1/4% off a 2.5%-3%, it being a full 5%-6% commission. Then there were ALL the bills...the NAR, the local, the websites, ....the cont ed....etc. THAT ate a lot of the money. My point is that the consumer can get the best help while NOT paying a whopping 6%. Ummm, yeah, the realtors BOYCOTT FSBOs. I doubt that my experiences were unique...An example: as a buyer wants to see a FSBO, the realtor tells them that the FSBO house is a bad house(unless they pay a commission)...low and behold as soon as the FSBO gives a listing to a realtor, the house becomes "a gem" lol "And do you really think a buyer is going to pay $50 / showing? I showed a buyer 10 homes the other day..." buyer, seller how ever you want to structure the system. But see? If you got paid $50/per showing you would have $500 in your pocket, and YOUR time would not have been wasted. Only serious people would ask to "have the doors opened for them". The 2 things that many sellers need help with is showings and negotiations. The rest is paperwork and babysitting. Oh, the elderly may need online marketing help. If I were to pay 6%, I would EXPECT the realtor to take over the sale of my house completely. That means, stage, clean, WORRY about getting the best price, and actually negotiate THE BEST price for me, and not their commission. For 6% I want to be in Tahiti having Margeritas, while the realtor has "my headache"...lol...See MoreWould you rent it, or sell it?
Comments (52)Stupidly long post with my free rental tips - don't read unless you are seriously considering real estate investment... I am going to give some insights on my process. I am not claiming to be a pro, here is what I will say. In my late 30's I was able to retire from working and go back to school, get a PhD and change careers. I now work from 9:00am to 12:00pm four days every week and I have that opportunity largely because of real estate investing. Many of my statements here will be normative, this is just my experience. Area selection - Probably the most important and most overlooked thing in real estate investing. Buy the school. Forget about the deal you get on the house and forget about your monthly rental incomes, what matters most in real estate investing are the elementary, middle and high schools. Good schools get good renters, good renters reduce maintenance and hassle. In general, I want neighborhoods built in the 60's, 70's and 80's that are tucked into odd enclaves near busy areas. Usually these were old neighborhoods built for lower middle class blue collar workers that are positioned too close to a thoroughfare for high property values but still in the same general area as properties that are valuable. Stay out of bad neighborhoods no matter how good the deal seems. I have really been sued twice, both into six figures, both time insurance abandoned me, and both times the properties were in depressed areas. Property selection - I avoid foreclosures like the plague, they are too big a gamble and too hard to properly capitalize. Buy houses that are dated but well kept, even at a slight premium - it is a devil you know type thing. The second reason I avoid foreclosures is my version of efficient market hypothesis applied to a different market. Remember every time you win a foreclosure auction as an investor it is because you paid what all the other investors thought was too much. As a small time landlord you are competing with guys who know about the property before you, who have run Net Present Value analysis and ROI's and decided to pass. The perfect house for making good steady income, while maintaining property values is a 3 bedroom ranch on a crawlspace, with no signs of neglect or water damage that has one or two broken big ticket item (roof or furnace) and is priced accordingly. I prefer properties that are $70,000 - $80,000 that need $10,000 to $20,000 of work. Rents - Probably the least important thing in real estate investing. Too many people focus on the rent they will get while completely missing the idea of comprehensive income. Your success in real estate is determined by a simple formula (rent received + fair value of home) - (expenditures paid + price paid for home). My biggest problem with Weedy's 2% above is that life doesn't live in percentages. One problem being that maintenance is a mixed cost and a large percentage of the cost doesn't depend on the amount of the rent. For example, a small furnace and AC is $5,000 installed while a larger furnace and AC is $5,800. Also the capitalization problem comes in - assuming $300 per month in maintenance on a $100,000 upscale rental unit and leveraging them to buy four units will bring in positive rental only cash flows of about $1,902 per month (assuming $1,250 monthly rent and $300 monthly maintenance). While buying three foreclosures at $14,000 and putting $19,000 in them will get you about $1,265 (assuming $700 rent and $225 per month in maintenance). Most of this is due to the trouble of meaningful mortgages on foreclosures. Loans and Rentals - A real estate investment is not the same thing as a home investment, anymore than a semi truck is the same thing as a station wagon. In a home the risk is that you will lose income and have nothing to make your payments. Properly maintained rental homes do not run that same risk. There is little risk that you can't rent the home, in fact, there is very little risk that you can't rent the home for a profit. There is some risk that you are not going to make enough money to make it worth your while. A $100,000 unit with 20% down will have a payment plus taxes and insurance of $540, and you can typically get away with $200 of maintenance if you do some work yourself. This means that you will be in positive cash flows if you can rent a $1,200 per month home at $750. But even if you can't you are not really in the losing money range until your monthly rent collections go below $500 per month. As a hint - It is pretty hard not to get at least $1,000 out of a $1,200 per month unit, crazy hard to not get at least $750 and nearly impossible not to get $500. Discipline - Real estate investing is about making no money for a time so that suddenly you can make a lot of money. I could talk about NPV analysis, and ROI and all kinds of other risk versus reward stuff but really it is not important. Real estate investing is about borrowing money and getting other people to pay it back for you, and not keeping a single dime of it until you have accumulated 5 properties....See More- 14 years ago
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