The Best OFFLINE Business in The World

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I am carefully planning to wind down my online business and shift focus to what I believe is the best offline business in the world by June. It's a business that I plan to dive into and stick with until my time on this earth has expired.

I'm kicking myself for not discovering what I know now sooner.

Part of planning for that transition includes my having to come up with a rock solid marketing plan, systems, processes, etc.

As I dive deeper into my execution points things come full circle because I'm back to my "offline marketing" roots.. I'll have to:
  1. Get better at direct mail.
  2. Continue to hone my copywriting skills.
  3. Re-read Claud Whitacres books. Shout out to Claude for the wealth of knowledge he has shared!
  4. Brush up on telephone and e-mail negotiation...

The list goes on. These are some of the many skills that many of you have and a lot of you are running businesses that you are comfortable with and that make you happy.

I'll be deploying those skills in service of running the best offline business in the world? What is it?

REAL ESTATE INVESTING

Learning from a friend by watching him go through a deal where he literally bought a house using none his own money (less the cost of legal and marketing) was truly life changing. It started with a letter, that found the right person, that resulted in a negotiation, which resulted in him taking title to a property and flipping a week later (as is) for almost no money out of pocket. banking $18,000 in the process. Wow.

It's nuts to think about it. Any one of you can literally use the sum of all the skills you've acquired over the years to gobble up real estate - a true wealth builder. And... you can get started for very very little of your own money (depending on your REI sub niche).

So, I had to ask; are any of you active in real estate investing? There are other forums out there on the subject but I feel like a sub forum for REI here on WF could be amazing because many offliners have the skill set to GET THE DEAL FLOW (most important part). Many IM'ers also have the same skill set (SEO, PPC, e-mail marketing) but their expenses may be higher.

It seems like it would be very cool to have a subforum here that allows folks to channel those skills into REI under the WF tent.

What do you guys think?
#business #offline #world
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  • Profile picture of the author toysoldier80
    I think its a true but rare story. Flipping 18,000 dollars in a week takes a lot of training, research, and intelligence. I doubt he had the intent of flipping it in a week and just happened to find a deal he couldn't refuse. I think he had every intention of flipping it just not as fast.

    I think you are a very successful human being. I think you are an expert in your field and are about to embark on a journey that maybe a little risky in your eyes. it sounds like you are going to be very successful in your new business model.
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    • Profile picture of the author TheBigBee
      Originally Posted by toysoldier80 View Post

      I think its a true but rare story. Flipping 18,000 dollars in a week takes a lot of training, research, and intelligence. I doubt he had the intent of flipping it in a week and just happened to find a deal he couldn't refuse. I think he had every intention of flipping it just not as fast.

      I think you are a very successful human being. I think you are an expert in your field and are about to embark on a journey that maybe a little risky in your eyes. it sounds like you are going to be very successful in your new business model.
      Appreciate the reply. I apologize for not clarifying things as lack of clarity can cause folks to draw assumptions which are often inaccurate.
      1. My boy has been in RE since the market crashed and prices dropped the last go round. 10+ years.
      2. He has a focused strategy now that he's acquired multple rental units that generate a healthy 5 figure monthly sum in cashflow. That focus is on wholesaling. What is a wholesale? Sally's mom just died and she doesn't want to go near the home, she just wants to sell it and move on with life. It's worth $150,000 but she's willing to take $70k just to be done with it. Sally enters a contract to sell the home for $70k. Then, the person who has the house under contract either cashes her out completely, or assigns the contract to another investor for a fee. In this case, my boy charged a fee of $18,000
      3. The $18,000 deal is one of an average of 4 deals a month (which is really not that great compared to his competitors.). These deals avg $22,000 / mo for him.


      "This business is risky Bee and you don't know what you're doing..."
      1. The libraries are free.
      2. Meetups are free (I got to one per week).
      3. Most online resources are free.
      4. Having a well of experience to tap into (my boy) is great. My half sister is also an agent so that helps.
      5. Focus is saying "no." That is to say there are a bunch of guys who do a whole sale deal here and there, a subject to, a fix and flip. They're not crushing any one thing because they are not focused on any one thing. However, the most successful do one thing, and one thing well. You can change focus after your systems, processes, and management is in place. Like my boy. His focus was on rental units. Now that the business "runs itself" with property managers AND WE are 100% positive we'll see a recession by 2020, he's not buying anymore. He's whole saling until prices bottom out again.


      Many folks here build direct mail lists, send out letters, and try to sell offline marketing services. Same thing. Build TARGETED list. Send out letters. Buy houses (whole sale) with no money of your own.

      My focus will not be on whole sale. I don't care to fix and flip. My wife and I will cashflow a 4 unit property to live rent free for 5 years. Meanwhile, I'll be focusing on "subject to" properties. Why? Because of every single other lane / niche you can go in, acquiring homes sujbect to is the least risk and consequently minimal upside in the short term. 10 years of holding 50 units under subject to, is a nice pay day when its time to sell the portfolio, the cashflow along the way is pretty nice too...

      I hope this clarifies things.
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  • Profile picture of the author solomonm
    i really want to start real estate. I just don't have the knowledge and mentor to do it.
    Are you planning to mentor?
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    • Profile picture of the author TheBigBee
      3 weeks ago I was in your shoes until my friend showed me otherwise. Went on a little vacation and the WHOLE time I studied.

      There are a ton of gurus who will convince you to give them a ton of money and sit you down, dump a BUNCH of info on you you will be stuck where you started, just slightly more knowledgeable.

      In my case, after 3 weeks (40-50 hrs / week) studying, I found myself completely paralyzed. It's totally normal. Then, I watched a YouTube video that simplified things for me. I can't post it here because it promotes an outside forum but feel free to DM me.

      Essentially, I know my next step is to pick a focus. As of this moment, I have ruled out 2 out of 4 areas of focus and will need to settle on one. Now the next step is to do more research, talk with my wife (what are our goals) and pick a lane.

      The point is, go study hard. Go to every meetup. Buy books. Etc. I will need help (a mentor) along the way and my plan for getting that mentorship is to bring the person a deal. You bring an experienced guy a deal and you have no clue how to move forward, offer 50% and they'll baby step you through as many deals as it takes until you're off the training wheels.

      Please... for the love of life, if you are going to be mentored, this is the ONLY way to go about it. Forking up a bunch of up front cash will leave you lost and confused and with less money than when you started. HOWEVER, you will walk away inspired. You can get inspired for free.


      Originally Posted by solomonm View Post

      i really want to start real estate. I just don't have the knowledge and mentor to do it.
      Are you planning to mentor?
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    • Profile picture of the author DWolfe
      Originally Posted by solomonm View Post

      i really want to start real estate. I just don't have the knowledge and mentor to do it.
      Are you planning to mentor?
      Go to Barnes & Nobel and head to the business section, look for real estate books. You can grab a cup of coffee and begin reading the books there. Make sure you do not rush into your first property or you could make a mistake that will put you out of business before you get started. One good book is The Millionaire Investor by Gary Williams of Keller & Williams. A lot of information and take good notes.

      Big Bee what is wrong posting REI threads here in this section. You have a few real estate people here. Have you ever looked into rent to own with your whole sale ideas.You buy a property and the people pay you with monthly payments till they buy ? You can charge interest rates higher than banks. Collect a big initial deposit to start the deal and if the person defaults relist the property and start over.
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      • Profile picture of the author TheBigBee
        Originally Posted by DWolfe View Post


        Big Bee what is wrong posting REI threads here in this section. You have a few real estate people here. Have you ever looked into rent to own with your whole sale ideas.You buy a property and the people pay you with monthly payments till they buy ? You can charge interest rates higher than banks. Collect a big initial deposit to start the deal and if the person defaults relist the property and start over.

        I have thought of every route there is... I REALLY want to ultimately own a few hundred units of apartments. I'll get there in the next 10 years. or less. But, the challenge for me and most is to find a lane at first. Once you find a lane, you create value and efficiency, then look elsewhere.

        Now, if I run into a wholesale deal where there's like 70% equity built in, I'll buy, hold, and do owner financing on that all day because there's so much meat on that bone. So much so that it totally makes becoming sort of a property manager worth it.

        Those who specialize in one thing are rarely inclined to turn down a good deal if it doesn't fit their area of focus. So, if I see a great subject to deal, I'll take it. If I see a blow out multi unit deal to buy and rent, I'll take it. But, the area focus for me is leaning towards wholesaling (MAYBE subject to). Use wholesaling to build up cash reserves to make future moves with leverage....

        If I want to buy a $1M building in 5 years and I go to the bank, they're going to want to see that my income supports it, I'll have to put down 40%, maintain healthy reserves to make sure my operating costs are covered, etc.

        Good discussion... thanks!
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      • Profile picture of the author LWalsh
        Originally Posted by DWolfe View Post

        Go to Barnes & Nobel and head to the business section, look for real estate books. You can grab a cup of coffee and begin reading the books there. Make sure you do not rush into your first property or you could make a mistake that will put you out of business before you get started. One good book is The Millionaire Investor by Gary Williams of Keller & Williams. A lot of information and take good notes.

        Big Bee what is wrong posting REI threads here in this section. You have a few real estate people here. Have you ever looked into rent to own with your whole sale ideas.You buy a property and the people pay you with monthly payments till they buy ? You can charge interest rates higher than banks. Collect a big initial deposit to start the deal and if the person defaults relist the property and start over.
        Your suggestion really helps us. Actually, I also wanted to start this. But I have no experience or knowledge.
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  • Profile picture of the author whitehat
    Maybe you can help make a REI forum here popular. I say just get 2 others in the RE business to commit to registerting and using this forum, then email support, see what they say.

    As long as you are driven to learn about REI marketing, you will get what you want, right?
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  • Profile picture of the author tryinhere
    https://www.deangraziosi.com/

    this guy is big on the whole real estate flip stuff, you have probably heard of him anyway? if you scroll down you can see some of his gigs he promotes - non aff link

    wishing you well in your new venture / path
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  • Profile picture of the author DABK
    Don't find just one lane. I know, once you do it's easier. But find a few... Markets change, lending changes, etc., if you have a few lanes (strategies) ready for different market trends, you're better off).

    There's good money in it, so go for it. Keep in mind, though, that you may buy something you think has 70k equity and it's got none. I know, I know, you'll do your research well and it will never happen to you. All the same, have a way to deal with it before it happens.

    Also, what you propose involves a good number of people... Make sure you've got all the right right people, and backups... because, as Dan Kennedy was fond of saying, sooner or later, good people/providers mess up and you need to replace them.

    Niche down hard!

    Keep in mind that mixed-use 2-4 unit buildings are harder to get a loan on than residential 2-4 unit buildings; it's a bit harder to get a loan on a condo than on a detached single family house. Keep in mind that some townhouses/rowhouses are condos some are not... The ones that are condos are harder to get a mortgage on.

    Harder to get a mortgage usually translates into smaller pool of people willing and able to buy, or, at least, willing and able to buy fast.

    Don't get greedy. If you leave some equity in, your money moves faster, the faster it moves, the more it grows.
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  • Profile picture of the author animal44
    I disagree that it's "the best offline business in the world".

    My own experience was quite positive in that I always made money. I never rented my properties, I'd just do some superficial renovations, mostly redecorating. Then I'd sell.

    My brother rented his properties. And he did quite well, until one day he rented to a seemingly respectable couple. Only they turned the property into a "p" house. Cost a small fortune to decontaminate and apparently the insurance didn't pay for some reason. Wiped out all his profits and then some.

    Personally, I think working with offline businesses to help them grow is less risky and can bring in far more money, more regularly. I've mentioned before how I made close to a million in 30 days. I never came close to that with property...
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    • Profile picture of the author 52.ct
      Originally Posted by animal44 View Post

      And he did quite well, until one day he rented to a seemingly respectable couple. Only they turned the property into a "p" house
      What is a "p" house?
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      • Profile picture of the author animal44
        Originally Posted by 52.ct View Post

        What is a "p" house?
        "P" is an illegal drug otherwise known as methamphetamine. The chemicals used to produce are dangerous and any property where it's been produced has to be decontaminated at huge expense.
        A "p" house is where someone has manufactured the drug in the house and contaminated it.
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        • Profile picture of the author 52.ct
          Originally Posted by animal44 View Post

          "P" is an illegal drug otherwise known as methamphetamine. The chemicals used to produce are dangerous and any property where it's been produced has to be decontaminated at huge expense.
          A "p" house is where someone has manufactured the drug in the house and contaminated it.
          Hind sight being 20/20... is there anything your brother could identify in his tenant screening process that might have red flagged this couple? Did they have a previous rental history? Would their previous landlords rent to them again? If no rental history could they have a cosigner on the lease? If they cannot find someone willing to trust them in cosigning a least then why should your brother trust them? Were their incomes stable and commensurate with the rent he was charging? Did they own a mop/broom and other cleaning supplies?
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  • Profile picture of the author TheBigBee
    Originally Posted by DABK View Post

    Don't find just one lane. I know, once you do it's easier. But find a few... Markets change, lending changes, etc.
    I simply have not met anyone who is crushing it who started by doing everything at first. There are a ton of guys who do a little of this and a little of that. They are happy and profitable but again, those are crushing it start in one lane, one county, THEN expand.

    I have no desire to be a landlord right now because I have no clue how to landlord and the market will bottom out by 2020, so I wont be doing fix up and rent deals until I have a relationship with a great eviction attorney, mentors who have been in the trenches, etc.

    Originally Posted by animal44 View Post

    I disagree that it's "the best offline business in the world".

    Personally, I think working with offline businesses to help them grow is less risky and can bring in far more money, more regularly. I've mentioned before how I made close to a million in 30 days. I never came close to that with property...
    Everyone has a preference / still. It IS a fact that the majority of millionaires' wealth is tied to property ownership. When I look at this RE game, I look at 10, 20, and 30 years from now. It's not about "how can I make some money fast?"

    Regarding risk, the LOWEST risk deal is a wholesale deal. Find a house, put it under contract, assign it to an investor. You don't have to worry about repairs, finding tenants, etc. etc. Consequently, you own zero equity in the deal. However, as a STARTING point that makes sense because you can learn before you start buying those homes and instead of assigning them to another investor, you' know exactly what to do to turn it into deal that generates a great cash on cash return.

    At this point, I have ZERO interest in buying anything and having any equity in anything unless I'm buying for PENNIES on the dollar because we will see a market correction soon. it's going to be BAAAAD. When things bottom out, it's time to get rich... like with BTC recently. It collapsed down to $6,800 and people panicked, the media scared people, etc. I laughed and started buying like someone possessed. Every dollar in business revenue that didn't go to expenses went to more coin.... anyway, done ranting.
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    • Profile picture of the author DABK
      I was suggested you don' t stop at one way.
      Many have done it and did great for a while then ended up in a bad place when things changed.

      Originally Posted by TheBigBee View Post

      I simply have not met anyone who is crushing it who started by doing everything at first. There are a ton of guys who do a little of this and a little of that. They are happy and profitable but again, those are crushing it start in one lane, one county, THEN expand.

      I have no desire to be a landlord right now because I have no clue how to landlord and the market will bottom out by 2020, so I wont be doing fix up and rent deals until I have a relationship with a great eviction attorney, mentors who have been in the trenches, etc.



      Everyone has a preference / still. It IS a fact that the majority of millionaires' wealth is tied to property ownership. When I look at this RE game, I look at 10, 20, and 30 years from now. It's not about "how can I make some money fast?"

      Regarding risk, the LOWEST risk deal is a wholesale deal. Find a house, put it under contract, assign it to an investor. You don't have to worry about repairs, finding tenants, etc. etc. Consequently, you own zero equity in the deal. However, as a STARTING point that makes sense because you can learn before you start buying those homes and instead of assigning them to another investor, you' know exactly what to do to turn it into deal that generates a great cash on cash return.

      At this point, I have ZERO interest in buying anything and having any equity in anything unless I'm buying for PENNIES on the dollar because we will see a market correction soon. it's going to be BAAAAD. When things bottom out, it's time to get rich... like with BTC recently. It collapsed down to $6,800 and people panicked, the media scared people, etc. I laughed and started buying like someone possessed. Every dollar in business revenue that didn't go to expenses went to more coin.... anyway, done ranting.
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  • Profile picture of the author animal44
    Got ya!
    I didn't quite take in what you were doing...
    Still think my way is better :-)
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    • Profile picture of the author TheBigBee
      "Better" is relative. I have a friend who started with me in merchant cash advance 10 years ago. We started in a basement together. 300 dials a day. He made about $5-$10k/mo then, and there's rarely a month where he doesn't take home $200-250k now. However, as his income grew, so to did his misery. He's a miserable alcoholic now.

      I'm glad I got out of that basement and forged my own path...

      Bob Dylan defined success / wealth as getting up in the morning and going to bed at night and doing what you want in between. Powerful.

      If helping business owners is something you're passionate about and it's something that you want to jump out of bed and do everyday, then you're successful - whether you're making $500 week or $50,000 a week...



      Originally Posted by animal44 View Post

      Got ya!
      I didn't quite take in what you were doing...
      Still think my way is better :-)
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  • Profile picture of the author ewenmack
    If you look at the 3 out 5 of the most valuable
    companies on the planet now...

    Google
    Amazon
    Facebook

    they all have one thing in common...

    They own a list of people advertisers want to reach,
    and the only way you can, use their ad platforms.

    I include Amazon because
    51% of their revenue comes from third-party sellers.

    You don't have to build another company like them.

    You can shortcut that process by owning a list of those about to make a purchase
    of local services and have your own platform so they can reach them.

    All paid for by advertisers.

    You now have a revenue and asset model
    that is the same as those three most valuable companies on the planet.

    Nothing to do with real estate.

    Best,
    Ewen
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    • Profile picture of the author TheBigBee
      When Ewen speaks... I listen. Much respect for you big bro.

      However, I would have to disagree completely and totally based on stats / data / math and NOT personal opinion.

      Personal opinions and preferences aside, if you lined up all millionaires in the USA and pegged their wealth, over 90% will have accrued their wealth via real estate.

      Now... one thing you said was very very interesting. Before I got the notification that you replied I was looking into the possibility of building a massive BUYERS LIST of investors who want to buy investment properties. This positions me to broker access to my list to upstart real estate investors.

      That is to say, I can go out and build a big list very fast. In fact, it would be childs play. A list of QUALIFIED and targeted investors simply by going to every RE foreclosure auction I can attend. Then, marketing to those who are just starting out "got a property, don't have investors? Give me $2,500 per property to text blast my list."

      I was LITERALLY exploring the math on this and execution points right before you replied so your point regarding the big billionaire companies and their basically maintaining lists sat well with me... EXCEPT for the fact that I would have no EQUITY on these deals.

      The bottom line is, if you're reading this you likely have a roof over your head. Either you paid for the roof. Or, someone else is paying for the roof, or you inherited the roof, etc. But, the roof was, and NEVER will be FREE.

      If roofs will never be free and there will always be a demand for roofs no matter what (like toilet paper), why not invest in roofs?

      That aside, my grind will be a steady and easy grind. This is not "get rich quick" - this is build equity / cashflow at a deliberate pace and set your life up so that when you're 50 you can run around stark naked singing Annie 24/7 365 without regard for needing money.

      In 15 years from now I'd imagine the my lists of buyers (and sellers) would be massive to the point where I can skype stark naked, unkempt and disheveled forking over deals like "who wants this deal!?" "who wants that deal!?" etc. etc.

      #respect.

      Originally Posted by ewenmack View Post

      If you look at the 3 out 5 of the most valuable
      companies on the planet now...

      Google
      Amazon
      Facebook

      they all have one thing in common...

      They own a list of people advertisers want to reach,
      and the only way you can, use their ad platforms.

      I include Amazon because
      51% of their revenue comes from third-party sellers.

      You don't have to build another company like them.

      You can shortcut that process by owning a list of those about to make a purchase
      of local services and have your own platform so they can reach them.

      All paid for by advertisers.

      You now have a revenue and asset model
      that is the same as those three most valuable companies on the planet.

      Nothing to do with real estate.

      Best,
      Ewen
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      • Profile picture of the author ewenmack
        Originally Posted by TheBigBee View Post


        However, I would have to disagree completely and totally based on stats / data / math and NOT personal opinion.

        Personal opinions and preferences aside, if you lined up all millionaires in the USA and pegged their wealth, over 90% will have accrued their wealth via real estate.

        #respect.
        Two different things, millionaires, and billionaires

        Amazon founder, Jeff Bezos, is listed as the wealthiest
        person on the planet based on his shareholding in Amazon.

        I'm talking about the companies and their revenue and asset models
        that have enabled their founders to be the richest people on the planet.

        The very pinnacle of the world's population.

        Best,
        Ewen
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  • When starting any business, you will want to think like an investor.

    When the interest rates increase and another recession hit, then flipping houses isn't such a viable business.

    Long term rental income is where the real return on investment is, as rental income is pegged with inflation.

    Capital growth doesn't exist in a recession if nobody can get finance from the banks for mortgage loans.

    A super power's fiat currency like the U.$. dollar usually goes into hyperinflation every 2000 years. Like Egypt 4000 years ago and the Roman empire 2000 years ago.

    The U.S. dollar will be worthless once it goes into hyperinflation as the Zimbabwean dollar did a decade ago.

    So it's best to invest in real estate, and minerals like, platinum, gold, silver and diamonds. That's creating true wealth that will last your family for generations to come.
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    • Profile picture of the author TheBigBee
      Originally Posted by Internet Trillionaire View Post

      When starting any business, you will want to think like an investor.

      When the interest rates increase and another recession hit, then flipping houses isn't such a viable business.

      Long term rental income is where the real return on investment is, as rental income is pegged with inflation.

      Capital growth doesn't exist in a recession if nobody can get finance from the banks for mortgage loans.

      A super power's fiat currency like the U.$. dollar usually goes into hyperinflation every 2000 years. Like Egypt 4000 years ago and the Roman empire 2000 years ago.

      The U.S. dollar will be worthless once it goes into hyperinflation as the Zimbabwean dollar did a decade ago.

      So it's best to invest in real estate, and minerals like, platinum, gold, silver and diamonds. That's creating true wealth that will last your family for generations to come.
      There's sooo much truth in sooo much of what you just said. KUDOS for being AWAKE. Most people do not realize that recessions are cyclical because they believe everything they see on the TV. Sad. You get it.

      The next recession will be deeper than the last and those of us who are actively preparing now should be able to easily acquire wealth. Credit and lending does tighten but does not completely evaporate. The very slim pickings as it relates to credit will be reserved for those with little to no debt and EXCEPTIONAL credit scores. It will also be reserved for those with ASSETS out the yin yang. Joe Blow with 680 FICO and a 30% debt to income ratio can kiss getting credit for anything goodbye when the stuff hits the fan. Jane Blow with 750+ FICO and a 5% debt to income ratio won't have a problem.

      That aside, this is NOT the time to be using leverage (taking on debt) to build a real estate empire. Now is the time to dump that risk on those who are sound asleep. It's why I prefer wholesaling. I get a property under contract, spend a net $0 on the property itself (sans marketing and legal), and basically sell that contract. Then, use those profits to tuck under the mattress (my preferred mattress is my Trezor crypto wallet) to gobble up properties when the stuff hits the fan.

      We are in an auto loan bubble.
      We are in a student loan bubble.
      We are in a bond bubble.
      Russia and China are playing chess with us and making moves to diminish demand for the US dollar (petro dollar).
      Interest rates MUST rise as the FED has no choice but to wind down it's balance sheet. We'll see a $600 BN bond sale late this year and into early next year.

      I can go on and on.

      The last time the stuff hit the fan I found myself sleeping outside (literally). I studied so hard, daily after rising from park benches and I promised myself; "the next time this happens, I'm getting filthy f*ckin rich."

      I ain't playin.

      #Salute!
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      • Originally Posted by TheBigBee View Post

        There's sooo much truth in sooo much of what you just said. KUDOS for being AWAKE. Most people do not realize that recessions are cyclical because they believe everything they see on the TV. Sad. You get it.

        The next recession will be deeper than the last and those of us who are actively preparing now should be able to easily acquire wealth. Credit and lending does tighten but does not completely evaporate. The very slim pickings as it relates to credit will be reserved for those with little to no debt and EXCEPTIONAL credit scores. It will also be reserved for those with ASSETS out the yin yang. Joe Blow with 680 FICO and a 30% debt to income ratio can kiss getting credit for anything goodbye when the stuff hits the fan. Jane Blow with 750+ FICO and a 5% debt to income ratio won't have a problem.

        That aside, this is NOT the time to be using leverage (taking on debt) to build a real estate empire. Now is the time to dump that risk on those who are sound asleep. It's why I prefer wholesaling. I get a property under contract, spend a net $0 on the property itself (sans marketing and legal), and basically sell that contract. Then, use those profits to tuck under the mattress (my preferred mattress is my Trezor crypto wallet) to gobble up properties when the stuff hits the fan.

        We are in an auto loan bubble.
        We are in a student loan bubble.
        We are in a bond bubble.
        Russia and China are playing chess with us and making moves to diminish demand for the US dollar (petro dollar).
        Interest rates MUST rise as the FED has no choice but to wind down it's balance sheet. We'll see a $600 BN bond sale late this year and into early next year.

        I can go on and on.

        The last time the stuff hit the fan I found myself sleeping outside (literally). I studied so hard, daily after rising from park benches and I promised myself; "the next time this happens, I'm getting filthy f*ckin rich."

        I ain't playin.

        #Salute!
        Well said!

        Check your interest rates in 1988, 1998, 2008 & 2018 to 2019. Recessions have a ten year cycle.
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  • Profile picture of the author yukon
    I'd also like to see a forum dedicated to real estate.
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    • Profile picture of the author DWolfe
      Originally Posted by yukon View Post

      I'd also like to see a forum dedicated to real estate.

      literally zero maintenance/rehab.

      Buy it, flip it, move on.

      I'm so close to doing this.
      FYI - If you do get stuck with it you may have to pay to have the weeds and trashed removed 1-2 a Summer. If the property is located in a city or large suburban area.
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      • Profile picture of the author yukon
        Originally Posted by DWolfe View Post

        FYI - If you do get stuck with it you may have to pay to have the weeds and trashed removed 1-2 a Summer. If the property is located in a city or large suburban area.
        The property I was talking about is rural, wooded property, undeveloped home site.

        I'd still consider property in town.
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  • Profile picture of the author yukon
    I've been a local real estate browser/researcher for a while, I find it interesting how properties can be flipped.

    So last night I was browsing Zillow, found some raw land a few miles away, they're asking $26,000. I found the buying price on the local county tax website of $7,000. Searched the buyers LLC name on Google and found their website, same exact property images found on Zillow. Their about page pretty much says they flip property all over the US.

    That Zillow listing is a few days old, the LLC website says the property is already sold. The tax website says the property deed is dated middle of Jan. 2018. So, the LLC flipped the raw land in about 2 months making a $19,000 profit and never payed any property tax.

    Anyways, I like the style of this LLC business. No houses on the property means lower taxes in case you get stuck holding the property for a while and literally zero maintenance/rehab.

    Buy it, flip it, move on.

    I'm so close to doing this.
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    • Profile picture of the author animal44
      Originally Posted by yukon View Post

      So, the LLC flipped the raw land in about 2 months
      Here in UK, it'd typically take longer than two months just to buy the property with the snail pace buying process...
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      I stayed up all night trying to figure out where the Sun went.
      Then it dawned on me...
      What I do for a living

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      • Profile picture of the author Ron Lafuddy
        Originally Posted by animal44 View Post

        Here in UK, it'd typically take longer than two months just to buy the property with the snail pace buying process...
        Then don't buy it. Get it under contract and sell the contract (your position).
        Take your profit and move on. Let someone else buy it.
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        • Profile picture of the author TheBigBee
          Yeah... sounds like the elders of the community here need to petition the staff to get an RE thread going. I think there would be a LOT of value exchanged. Especially given the fact that you all have skillsets that can be compatible with RE. Ex; my big sis uses EDDM shared mailers to get free leads like nobody's business. Businesses call her constantly; "can i get on the back of one of your cards!" lol

          Originally Posted by Ron Lafuddy View Post

          Then don't buy it. Get it under contract and sell the contract (your position).
          Take your profit and move on. Let someone else buy it.
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          FILL IN THE BLANKS!
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          • Profile picture of the author ewenmack
            Originally Posted by TheBigBee View Post


            EDDM shared mailers to get free leads like nobody's business. Businesses call her constantly; "can i get on the back of one of your cards!" lol
            Very cool.

            Is she using those free leads for her biz or for selling those leads, please?

            Best,
            Ewen
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  • Profile picture of the author cybersea
    [DELETED]
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    • Profile picture of the author offmarketinvestor
      it's AAPL

      but there again....outside of the almighty USA and not in the "consumers" eyes you have huge commodity companies/oil/mining that are bigger.

      Most people can only think where they sop and buy from...
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  • Profile picture of the author stephenrobes
    I think Real Estate business is best offline business.
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  • Profile picture of the author meganzoes
    KFC or McDonald is the best option for you.
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  • Profile picture of the author Dor 2 Dor
    Great. This is the great offline business to start. I am really searching for this. Thanks a lot for sharing this.
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  • Profile picture of the author dannykunst
    Are there any books on that subject?
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    • Profile picture of the author DWolfe
      Originally Posted by dannykunst View Post

      Are there any books on that subject?
      Go to Amazon and purchase The Millionaire Real Estate Investor by Gary Williams
      (Founder of Keller Williams) . Great book to get started begining has alot of mind set stuff, but also has chapters on getting referrals to properties what to buy and cash flow vs. appreciation. There are more books on the subject some excellant some not worth the purchase price. Good luck if you take this on!
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  • Profile picture of the author umc
    You should also check out the Bigger Pockets forum. I believe that's what they're all about, different types of real estate investing. They have free podcasts and lots of things to help if you're interested.
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  • Profile picture of the author electricguitar
    There are so many offline business are available all around the world. Here some of the offline business that you can get benefit from. They are:

    BUSINESS BROKER
    OFFICE SPACE RENTAL
    VIRTUAL CALL CENTER OPERATOR
    LANGUAGE TRANSLATION
    IMPORTING ELECTRONIC OEM GADGETS
    DATA ANALYST CONSULTING
    DIGITAL MARKETING CAMPAIGN MANAGER
    HANDMADE GOODS
    ANTIQUE REFURBISHMENT
    MAKEUP ARTIST
    DRONE VIDEOGRAPHER
    EVENT PLANNER
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