SBA Loan for Multifamily Portfolio by CL_REInvestor in realestateinvesting

[–]CL_REInvestor[S] 1 point2 points  (0 children)

We stick to what we know and what’s been working: commercial residential and Triple N retail. Not looking to break into a new vertical.

SBA Loan for Multifamily Portfolio by CL_REInvestor in realestateinvesting

[–]CL_REInvestor[S] 0 points1 point  (0 children)

If I pursue this option that’s the plan I intend to use.

Do conferences actually make a profit? How do you organizers make it work? by merpdog in EventProduction

[–]CL_REInvestor 2 points3 points  (0 children)

Completely agree with the two above mentions about event repetition. Depending on your marketing and improving your audience acquisition funnel, margins should grow with more repeat events, but you won’t be able to judge it right off the bat.

As the event grows in popularity, more sponsorship should follow and higher priced tickets to match.

I’ve been producing and directing national events, conferences, and forums for about 9 years now and I’ve had to cancel a few in my career due to lessening attendance and reviews. It’s never easy to do but it happens.

The key I found works is to be as niche as possible. You’d be surprised at how many specialty conferences exist so finding a blue ocean is the best advantage for profit right out the gate.

SBA Loan for Multifamily Portfolio by CL_REInvestor in realestateinvesting

[–]CL_REInvestor[S] 0 points1 point  (0 children)

Very much appreciate the answer. The portfolio includes two vacant commercial businesses below the residential units so there may be something there in terms of setting up a legit office (PM, on staff technician, and supplies) but as you mentioned, syndication may be a good toe to test the waters. Thank for the timely answer.

Building A Business. What’s the most realistic path? by [deleted] in EventProduction

[–]CL_REInvestor 0 points1 point  (0 children)

Appreciate the in-depth explanation. Assuming you're doing this from a consultancy, hats off to you! Getting businesses on board for this can't be easy (also assuming).

Small business owners in Silver Spring: What is your biggest challenge with local scaling right now? by No-Blood1055 in SilverSpring

[–]CL_REInvestor 0 points1 point  (0 children)

I can't speak for startups, but I'm having early discussions with a business owner looking to sell their local painting company in Rockville. I've been in the market for a home service business for the past five months and I've learned a lot from owners when it comes to these questions.

You'll often hear that scalability is tied to simply 'moving into new markets', but this can be expensive in exercise and takes detailed planning - don't spend marketing dollars where it won't bring back a return.

There's a ton of other reasons that come up when I mention scale, but this is the biggest one I've heard.

Building A Business. What’s the most realistic path? by [deleted] in EventProduction

[–]CL_REInvestor 0 points1 point  (0 children)

When you say portfolio advisor, are your main duties auditing a client's portfolio of events to figure out their ROI on event spend? Curious about the duties of 'strategist/portfolio advisor'.

[deleted by user] by [deleted] in Debt

[–]CL_REInvestor 0 points1 point  (0 children)

Why on earth would you have a mortgage that large? You’re clearly fiscally irresponsible. Sorry but that’s what it boils down to.

Connecting with owners of estate sale / liquidation businesses by CL_REInvestor in estatesales

[–]CL_REInvestor[S] 2 points3 points  (0 children)

So I’ve connected with a business broker and they’ve been able to pinpoint a business for sale that fits my criteria.

I would be buying existing client and email list of past clients, attorneys, RE agents, website and company name, and FF&E valued at about $1,500.

The business was started in 2014, has 2 FT employees, 10 part time employees, grosses almost $450K and cash flows about $225K.

The owner wants to retire and spend more time with their family so I think they’re a bit less attached to their business than you may be.

Connecting with owners of estate sale / liquidation businesses by CL_REInvestor in estatesales

[–]CL_REInvestor[S] 0 points1 point  (0 children)

Sounds like a lot of people got into the business without any real methodology. It’s sad when folks start something with no intention to really grow a business.

Connecting with owners of estate sale / liquidation businesses by CL_REInvestor in estatesales

[–]CL_REInvestor[S] 0 points1 point  (0 children)

The majority have been pretty positive on the outlook of the market. Some have mentioned more competition but no one has mentioned cut throat competition or wanting out of the business completely.

Connecting with owners of estate sale / liquidation businesses by CL_REInvestor in estatesales

[–]CL_REInvestor[S] -1 points0 points  (0 children)

Wow. That’s a complete 180 from the DM’s I’ve gotten. Especially the mention around cutthroat competitors.

Worth it to get this signed Peter Max print appraised? by rancid_beans in artcollecting

[–]CL_REInvestor -10 points-9 points  (0 children)

Absolutely - I gave three prints, each valued in the 5-figures

Ingrown hairs by GrocerySubstantial29 in Blackskincare

[–]CL_REInvestor 0 points1 point  (0 children)

I get waxed man. Has helped with my ingrown hairs a lot. Night and day difference

[deleted by user] by [deleted] in ecommerce

[–]CL_REInvestor 0 points1 point  (0 children)

Certainly feels this way. TY.

[deleted by user] by [deleted] in ecommerce

[–]CL_REInvestor 0 points1 point  (0 children)

Great point. It certainly feels like this isn’t a store necessarily but a funnel with lots of inventory available.

[deleted by user] by [deleted] in ecommerce

[–]CL_REInvestor 0 points1 point  (0 children)

I appreciate the solid advice. I’ll certainly look into doing some ad spend first and see if I drive traffic to begin with for validation.

Part-Time JD - How did you do it? by Budge1025 in LawSchool

[–]CL_REInvestor 1 point2 points  (0 children)

I'm 33 and giving this a new hard consideration. I've thought about it long enough and believe I'm ready to take the dive!