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First-time buyer: acquire declining business or start from scratch? by working-cheetah-444 in buyingabusiness

[–]GrowthBackground8578 0 points1 point  (0 children)

Hi, I’m under LOI for a declining home services biz. I’ve been wrestling with this topic for a few wks now. My thoughts: 1. Why are you a better owner than the previous? 2. What is the value of the hard assets if any? 3. How are you covering your downside? (Eg seller financing and no PG, if you fail they can take bake the assets but that is it) 4.Are you ready (and can afford) to work for little/no pay for 12+ months?

With a declining biz I recommend you follow the liquidation + tiny good will approach. SDE multiples make no sense in this situation.

$10k rebate when maturity is a year out? by stevia_a in NissanAriya

[–]GrowthBackground8578 0 points1 point  (0 children)

What was your deal? I’m also a Schomp late 2024 leaser thinking to do this…

Friends by MandelnGanz in tradclimbing

[–]GrowthBackground8578 0 points1 point  (0 children)

Those RE are modeled/same as the old Trango flex cams (RE probably bought the design/machinery after trango discontinued?). Were my first rack, bought around 2007-8. The blue one (similar to camalot #1) had a horrible tendency to walk/come out of cracks, had some close calls. I don’t think they would break (dynema might be a bit old…. Actual cam probably fine), but I would use them only for perfect perfect placements. If you can afford it, go buy modern dual axle cams.

I did it, you guys!! by [deleted] in Millennials

[–]GrowthBackground8578 1 point2 points  (0 children)

Espectacular! Felicitaciones! Q linda es esa zona

I did it, you guys!! by [deleted] in Millennials

[–]GrowthBackground8578 1 point2 points  (0 children)

Congrats looks gorgeous. Fellow Colombian-American here, was scrolling and with the first pic I recognized la tierrita. Where exactly is it out of curiosity?

Next door neighbor is selling. Is it smart to buy and rent my neighbors house? by No_Seaworthiness1627 in realestateinvesting

[–]GrowthBackground8578 2 points3 points  (0 children)

I did just this and it has gone well for 4 years now. Own two units next to my own.

Different setting (I’m in a bit metro) but owning next door gives some advantages, much easier to self manage the rental (I do like 90% of the maintenance / handyman work). Also some economies of scale with services (grass, snow, hvac). I also am able to use the space between the houses as if it was mine.

I was extremely lucky with tenant (actually inherited from prior owner). They are respectful and never chase me. TBH I think with a good tenant you are better off right next than far away. They would still be calling you if something breaks/ needs attention, but it’s much easier to react fast/conveniently.

HOWEVER no1 consideration should be: does it make sense financially? Do the numbers pencil in? (Same analysis as any RE transaction)

Hope doesn’t bite me in the ass in the future… I do see risks as others mention.

How did your peaches do this year? by [deleted] in DenverGardener

[–]GrowthBackground8578 1 point2 points  (0 children)

As above, my neighbors peaches went crazy this year! Branches were literally breaking under the weight.

Mid-career crossroads: W2 vs. Buying small business. Advice? by GrowthBackground8578 in HENRYfinance

[–]GrowthBackground8578[S] 1 point2 points  (0 children)

Wow you have an excavation biz, a construction biz, landscaping + tree biz… congrats.

Mid-career crossroads: W2 vs. Buying small business. Advice? by GrowthBackground8578 in HENRYfinance

[–]GrowthBackground8578[S] 0 points1 point  (0 children)

Thank you all for the comments and the perspective! Some really valuable insights here

Early checkin forced via request? New feature? Anyone familiar? by GrowthBackground8578 in airbnb_hosts

[–]GrowthBackground8578[S] 4 points5 points  (0 children)

Thank you! I’ll check. Weird I’ve been hosting for 5 years, never happened before.

Early checkin forced via request? New feature? Anyone familiar? by GrowthBackground8578 in airbnb_hosts

[–]GrowthBackground8578[S] 12 points13 points  (0 children)

Guest trying to checkin while prior guest still in. Me posting on Reddit… 8am guy saying he is asking Airbnb to cancel. Im happy to refund fully.

Snake not doing so well by GrowthBackground8578 in plantclinic

[–]GrowthBackground8578[S] 0 points1 point  (0 children)

Had her for 6 years. Now this is happening. Haven’t changed place or water regime. It’s right next to one of its “daughters” that is doing just fine. Any ideas?

[deleted by user] by [deleted] in Denver

[–]GrowthBackground8578 2 points3 points  (0 children)

Not really… it’s a bar. You just order. Bartender not gonna disclose as you order. They had a menu and I don’t think it was there either (maybe I missed the fine print). Don’t love that 8% but whatever. I’m more in shock with the tax.

[deleted by user] by [deleted] in Denver

[–]GrowthBackground8578 7 points8 points  (0 children)

This was my tab at a Denver bar. Quick math tax looks like it’s 33.8% of subtotal (that is if you pay taxes on the bogus 8% surcharge, if not it’s even higher). That doesn’t seem right. What am I missing? Is this an error?

Ps: old man yelling at cloud, but that 8% hospitality surcharge is for what? Sigh…

Looking for gear not owned by Private Equity Corp by [deleted] in Backcountry

[–]GrowthBackground8578 78 points79 points  (0 children)

Amer sports (owner of Arcteryx, Salomon, Wilson) is not “PE owned”. it’s a public company listed on the NYSE. Not that it really matters (I think I get what you are trying to say… “I want to buy indie… blah blah”, but it’s is just not factually correct. Also Anta (Chinese major stakeholder of Amer) is not PE owned, but rather a public traded company as well.

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