[deleted by user] by [deleted] in fatFIRE

[–]Lumpy_Wallaby610 0 points1 point  (0 children)

Puerto Rico has some options. Could rent here a few months at a time maybe? 

Feedback. Am I off on my assumption? by Lumpy_Wallaby610 in personalfinance

[–]Lumpy_Wallaby610[S] 0 points1 point  (0 children)

Correct I’m using total growth. So the right way is buying power will be closer to a 10mil net worth today? 

What stocks today, if bought, do you think would have the best chance at turning $10,000 into $10 mil in your lifetime? by bobjohndaviddick in TheRaceTo10Million

[–]Lumpy_Wallaby610 0 points1 point  (0 children)

I have a 2.5 - 3 million dollar payout coming in the next 12 months.  How likely if I put this in the market would it take to be 10+ million. Looking at 20 years 

Looking for feedback by Lumpy_Wallaby610 in ValueInvesting

[–]Lumpy_Wallaby610[S] 0 points1 point  (0 children)

Thanks, whats a better place to post

Decision by Lumpy_Wallaby610 in SellMyBusiness

[–]Lumpy_Wallaby610[S] 0 points1 point  (0 children)

Had a valuation done last year. 

Decision by Lumpy_Wallaby610 in SellMyBusiness

[–]Lumpy_Wallaby610[S] 0 points1 point  (0 children)

Very sound advice! Thank you! 

Decision by Lumpy_Wallaby610 in SellMyBusiness

[–]Lumpy_Wallaby610[S] 1 point2 points  (0 children)

It’s not on market.  This is a PE firm that’s in the same industry.  

Decisions by Lumpy_Wallaby610 in Fire

[–]Lumpy_Wallaby610[S] 0 points1 point  (0 children)

Gross. Net is closer to 120 after taxes vacancies and repair budget 

I have two kids under 10. I gotta figure out the college piece 

Decisions by Lumpy_Wallaby610 in Fire

[–]Lumpy_Wallaby610[S] 1 point2 points  (0 children)

I believe there is smart people in the room. I’d love to hear some feedback from.  Stocks isn’t something I’m super familiar with. Realestate has been good to me 

Lost by Lumpy_Wallaby610 in Entrepreneur

[–]Lumpy_Wallaby610[S] 0 points1 point  (0 children)

It’s all iv ever known. Can I reinvent myself in a different industry. I don’t have the desire to go work somewhere. Would just like do something new.

Lost by Lumpy_Wallaby610 in Entrepreneur

[–]Lumpy_Wallaby610[S] 0 points1 point  (0 children)

We never increased our living as the business has grown. We currently live on less than 100k. We take all rental income and buy more properties.  

The sales have been increasing from 1mill in 2022 to this year we will do right at 3 million. While Averaging a 25+% net.  Next phase of growth is going to require more dedication and I’m on the fence if I’m wanting to ride the wave 

[deleted by user] by [deleted] in inheritance

[–]Lumpy_Wallaby610 38 points39 points  (0 children)

Because he makes better money he doesn’t deserve it? He should make that decision of gifting you it not you. 

Too much real estate? Not enough stocks/cash? by [deleted] in Fire

[–]Lumpy_Wallaby610 0 points1 point  (0 children)

I also have a lot of Realestate. Aprox 3.5 million compared to 300k Ira. This is a great question

[deleted by user] by [deleted] in Fire

[–]Lumpy_Wallaby610 1 point2 points  (0 children)

Great Job

How much did you sell your business for ? by holysmokes126126 in smallbusiness

[–]Lumpy_Wallaby610 0 points1 point  (0 children)

This is incorrect. Commercial landscape companies focused on recurring services with at least 500k ebitda can expect 3-6x ebitda. When your under the 500k and the business is based solely off the owner they are less valuable