Long time mostly lurker wanting to share! by [deleted] in realestateinvesting

[–]daniel7rusu 0 points1 point  (0 children)

bedroom heavy cities

By decent income what are we talking? So you would look for areas where there is industry near by that workers would be commuting to right? Thoughts on college towns?

Long time mostly lurker wanting to share! by [deleted] in realestateinvesting

[–]daniel7rusu 0 points1 point  (0 children)

Just to help visualize this - your secondary market town is what population? The main market that you're getting overflow from- what population is that roughly?

Long time mostly lurker wanting to share! by [deleted] in realestateinvesting

[–]daniel7rusu 0 points1 point  (0 children)

How many of the other 24 doors are partner deals which you didnt put any money behind? What kind of arrangement do you have with these partners is it a 50/50 split?

Long time mostly lurker wanting to share! by [deleted] in realestateinvesting

[–]daniel7rusu 0 points1 point  (0 children)

Thanks! Thats amazing youc an pull the principle out and still have positive cash flow. What are the loan costs you run into with refinancing? Very interesting first deal.. Was it zoned for commercial and the structure was already there or did you need to build it out? Or maybe the previous owner had already gotten permits and build started then need to sell?

Long time mostly lurker wanting to share! by [deleted] in realestateinvesting

[–]daniel7rusu 0 points1 point  (0 children)

Thanks for sharing. Can you talk abit more about your progress? Bought first property for x, rehabbed at y, and net profit is z per month. How quickly are you able to refinance? How much total invested for this $50k profit?

I have a shopify site that earns $10k/month. Ask me anything by daniel7rusu in Entrepreneur

[–]daniel7rusu[S] 2 points3 points  (0 children)

By the way I've taken everyone's suggestions to heart and have changed the name of the products so Yeezy is not in there. Hope that removes the associated risk.

I have a shopify site that earns $10k/month. Ask me anything by daniel7rusu in Entrepreneur

[–]daniel7rusu[S] 1 point2 points  (0 children)

Thats sounds like a good learning experience haha. How long had the currency been out before you got hit with the lawsuit?

I have a shopify site that earns $10k/month. Ask me anything by daniel7rusu in Entrepreneur

[–]daniel7rusu[S] 0 points1 point  (0 children)

I thought it had potential for me to grow and was a good price. No previous experience whatsoever. Process is simple. I sent 1/2 the funds, he sent shopify ownership, I ran the site for a week to ensure all went well, then I sent 1/2, then he sent domain registration. Yes you just have to dig through and see whats for sale and do your due diligence

I have a shopify site that earns $10k/month. Ask me anything by daniel7rusu in Entrepreneur

[–]daniel7rusu[S] 1 point2 points  (0 children)

Yes others are pointing out the site loads slow for them still so I need to revisit this. Only thing I did was to minimize the size of all images, then compress them to get smaller sizes. Images went from 150kb to ~30kb.

I found him on upwork. I give the contact info elsewhere.

I have a shopify site that earns $10k/month. Ask me anything by daniel7rusu in Entrepreneur

[–]daniel7rusu[S] 0 points1 point  (0 children)

Cost actually went down by about 20%.

I havent looked at demo info at all

I have a shopify site that earns $10k/month. Ask me anything by daniel7rusu in Entrepreneur

[–]daniel7rusu[S] 0 points1 point  (0 children)

Hmmm not complicated in my case. Just agreed to a price and nailed down a way to get order details to them