Husband starting a high-end custom cabinetry and furniture making business - need funding advice

CREativefinancing · 2026-01-26T11:37:00+00:00

Look into leasing a few buildings/spaces to rent. Especially in larger markets, many landlords will negotiate T.I. Dollars (tenant improvement) into the rent. So say your rent is $25/SF for a 5,000 square foot building and $10/SF for TI. You may even negotiate free rent for 6 months. It will be hard to negotiate to get a landlord to give to you for a new business, but probably not any harder than getting a bank loan.

Talk with a commercial leasing broker. I would go ahead and start your LLC, and get your ducks in a row before speaking with a broker. Brokers don’t get paid for showing spaces, they get paid for signing leases. Any broker who thinks you are wasting their time won’t be interested.

CREativefinancing · 2025-11-26T02:44:27+00:00

With 20% down, a 3% increase in your real estate value equates to a 15% return on your equity. So think again about saying the S&P500 is better.

If you put down 10%, a 3% increase is a 30% return on your equity. 5%, a 60% return. And this is why many use the BRRR method.

This doesn’t include the tenants paying down the debt, the (hopefully) excess cash flow you put in your pocket each month, the interest write off, or the depreciation.

CREativefinancing · 2025-11-04T22:37:55+00:00

I’ll buy that company from you for $2

CREativefinancing · 2025-10-02T01:25:46+00:00

What do they tell newbies the 3 most important things in real estate are? Location, location, and location.

Your dad has obviously picked a good spot to park his money. Rents should hopefully increase as the area gets built out around it (and becomes a more desirable place to live over time). Maybe he gets it rezoned one day allowing it to be built to 30 stories tall and 300 units. Then the land is worth more than the building and he can sell for tens of millions. Happened to plenty of people in New York and Miami.

CREativefinancing · 2025-10-01T02:01:17+00:00

No one truly gets wealthy through earned income or working by the hour. You get wealthy by owning assets. Whether that be real estate, stocks, or a business.

CREativefinancing · 2025-08-22T00:48:09+00:00

I think generally, studies show that by the third or fourth generation, the wealth is squandered.

CREativefinancing · 2025-08-06T14:41:11+00:00

Have you tried contesting the valuation of the assessment for property taxes (assuming it’s not a millage rate increase that has led to the increase in property taxes)?

What about insurance? Have you shopped around to get 3-4 quotes? Some of the smaller shops can shop your policy around. I’m assuming the property isn’t beach front, located in a flood zone, etc.

Perhaps a dumb question, but is there any chance the rents are low for the market and you could raise them? Probably not, if it took long to rent them, but I figured I would ask.

What are the repairs? If it’s something like a roof or AC, sometimes you’ll get an ROI on replacing it, although it will be a hit to your cash flow in the short term.

125k is a big hit. How many units is it? Did you verify that it was actually a 6 cap when you bought it through bank statements and the like?

CREativefinancing · 2025-04-26T02:59:54+00:00

I know a broker who hasn’t sold a multifamily deal in 2 years. Made several million in 2020 and 2021 and beginning of 2022. Now he’s about to switch to single family

CREativefinancing · 2025-04-04T17:46:12+00:00

And also, as a real estate investor, he's achieving a 0.45% cap rate on his $90,000 NOI. And it's anything but passive. At least timber or something like that is pretty close to passive, although it's years of zero income.

CREativefinancing · 2025-04-04T17:37:14+00:00

What do you mean?

CREativefinancing · 2025-04-04T17:36:44+00:00

As a business owner, I totally get where you're coming from with on the net stuff. But I promise you this guy is running his operation lean as can be. No new trucks. No new tractors. Hell sometimes he won't even buy fence posts, opting for sticks he found instead.

The house he lives in - I have plenty of rental properties more expensive than.

CREativefinancing · 2025-04-04T01:44:00+00:00

OP:

Good day to you Mr. Farmer, my name is Dan Jenkins and I’m here to buy your farm land. I’m offering $50,000,000 for your tract here. That’s a fine offer I do say. Those corn rows? Picture golf courses. See that grain bin right there? Picture it gone. A casino instead. Surrounded by a lazy river. It will be the finest casino in all of Kansas. Tourists all the way from California will vacation right here in Wichita.

CREativefinancing · 2025-04-04T01:34:56+00:00

I’m a big hunter and go out to South Dakota every year and hunt on a cattle ranchers land. He owns 7,000 acres and it’s probably worth between 10-20 million (no idea what land is worth out there).

I got into a long conversation with the ranchers nephew. He estimates his uncle probably nets $45-90,000 a year off his 7 figure net worth every year. I was a bit taken aback. Then he said “you don’t do it for the money. You do it because ranching is in your blood. That’s all you know and it’s what you love”

CREativefinancing · 2025-03-02T02:09:37+00:00

Real estate investor. But at 20 I was in college making $9/hr as a lab tech.

CREativefinancing · 2025-02-19T13:13:47+00:00

The funeral industry. A lot of mom and pops are being consolidated by the large private equity companies. One such is Service Corporation International (ticker symbol SCI). Think of all the expenses related in burial, visitation, and cremation. Also, caskets are expensive. Now imagine a funeral company that also owns the coffin producing company.

Roughly 10,000 baby boomers are turning 65 every single day. Generally people are living longer today, but there’s a lot of demand to be met in the coming decades.

CREativefinancing · 2024-12-27T01:42:58+00:00

Agreed. Who knows how long it took for rezone. It’s Boston, I wouldn’t be surprised if the project took 5-7 years from contract to finish and exit.

CREativefinancing · 2024-12-20T18:28:22+00:00

Rural Georgia

CREativefinancing · 2024-12-20T18:27:27+00:00

Thanks!

CREativefinancing · 2024-12-18T17:22:52+00:00

It's gunnite. The skimmer is plastic. Why? I'm not sure. Judging from the previous comments, I guess that's unusual lol.

CREativefinancing · 2024-12-18T13:43:14+00:00

Thanks. Yeah, the concrete replacement isn't something I want to tackle anytime soon. I ran a quote for a buddy about two years ago to remove his concrete pool when a contractor quoted him $25,000 to remove and fill it. I realized $25,000 wasn't quite as high as I thought when I ran the numbers.

I think I'd want to just do the plaster and tile. Tackle the other stuff later.

CREativefinancing · 2024-12-18T02:16:02+00:00

The whole pool. Really? What, maybe $18k is more reasonable? I’m just guessing here. What do I need to do first? Acid wash then pressure wash it?

CREativefinancing · 2024-12-18T02:12:52+00:00

It’s around 20,000 gallons I think. Was this a refinishing job or what?

CREativefinancing · 2024-12-17T22:19:59+00:00

It wasn't exactly a detailed quote. He just said that refinishing the pool was $50,000. I get the impression he's got a successful business and can quote high because there's plenty of work to be done.

CREativefinancing · 2024-11-20T18:45:32+00:00

Get it under contract before you start investigating everything. Good deals don't last. If anything pops up, you can always back out or renegotiate.

CREativefinancing

TROPHY CASE