Posts

Showing posts with the label making money

Passive income cash flow the secret

Image
A properly structured business plan has to be based o real data. When I did buy the first property it was a complete ruin in the upcoming neighborhood it was a bargain at the same time it was a money sinkhole  It was an empty building with a need for quick repairs. Walls were crumbling, the windowless and doorless house did scare by-passers and served the local community as an asylum from even bigger challenges in their lives. We did start with some repairs and night entrepreneurs did use our materials as a source of income. It was a huge sinkhole. I did have experience in construction methods and technology but I was too short with cash. Banks would not accept my imaginary plan and vision, they were polite and smile but at the same time no chance to get any help. The real estate market was oversaturated with junk and the economy was in bad shape. Lucky me I was so deep in trouble that I had to move to this big home and stay there. It was very scary and stupid since it was a very d

First passive income

Image
In 1990 when I was attending SSCC at South Holland our coordinator Nathan did encourage us to do volunteer work so on many weekends we did rebuild housing for less fortunate, most projects we did in the city of Harvey. It was amazing how grateful those people were and funny how much respect we got from local gangbangers. One of my classmates was investing in low-income housing, I did jump on the opportunity and soon after I was part owner of the small complex at Harvey. We did buy a run-down property and after we did some simple repairs, flats were rented out to local people. It was a great learning process. I did tenfold my money in just 2 years, and from 2000$ I got 200000 back. Profits were reinvested in a new project. This time it was a 4 flat at the old Polish neighborhood. Another great investment, it was a cash machine. I did use the funds to build my construction company. Since I was married and my wife decided to leave me I was forced to sell my shares and pay off my ex-wi