I built a few websites, about 6 years ago, and sold them all off about a year ago. Im part owner of a family owned lawn care business also.
Im actually thinking about starting a a retail teak furniture store in this area. I stumbled onto some good suppliers in vietnam/indonesia, and this area is perfect. Rich people, no competition. I built and sold off "the cedar station" about 2 years ago, and went to lots of outdoor furniture trade shows, etc.
Just throwing this out there, but does anyone know any buyers or sellers of D2 or JP54? Also if you do any types of trade we should talk.
Hello there Letwork! Could you tell us how these transactions work and what is need to get them accomplished? As far as the proper type of license you need along with other things to deal with gold, gold dust, jet fuel, oil, and commdities! Thank you for your time and have a wonderful biggerpockets day.......
Just throwing this out there, but does anyone know any buyers or sellers of D2 or JP54? Also if you do any types of trade we should talk.
Hello there Letwork! Could you tell us how these transactions work and what is need to get them accomplished? As far as the proper type of license you need along with other things to deal with gold, gold dust, jet fuel, oil, and commdities! Thank you for your time and have a wonderful biggerpockets day.......
I'll try to clarify this as simply as I can. When dealing with any trade there is two sides, the buyer and the seller. Working directly with the is their mandate. And underneath them is a bunch of brokers and scam artists. We only work with people who are the mandate or are directly connected with the mandate. We do not deal with broker chains. Sorry to say this, but if you don't fall into either category you're wasting your time. Since this is international business, you do not require a license. It's pretty hard to crack into the industry because there is a lot of distrust and scams out there. Hope that helps, if anyone wants further information feel free to contact me.
Sounds like you manage several investments, in multiple industries. How's that going for you?
Thanks for your interest and reply! Yes as a matter of fact I do handle many things when it comes to real estate. Wheter it is bird-dogging a deal to an investor, wholesaling, doing residential or commercial loans, residential or commercial purchases, and among many other things I enjoy real estate!
Originally posted by "Letwork":
I'll try to clarify this as simply as I can. When dealing with any trade there is two sides, the buyer and the seller. Working directly with the is their mandate. And underneath them is a bunch of brokers and scam artists. We only work with people who are the mandate or are directly connected with the mandate. We do not deal with broker chains. Sorry to say this, but if you don't fall into either category you're wasting your time. Since this is international business, you do not require a license. It's pretty hard to crack into the industry because there is a lot of distrust and scams out there. Hope that helps, if anyone wants further information feel free to contact me.
Ok first off just to clarify, if one is dealing with a mandate (which I have heard this term many time before just choose not to deal with them) would that not still put them under as a broker chain? And to the best of my knowledge when dealing with commodities one does have to be licensed (such as MTN's & BG's) correct? Thank you for your time and I await your reply......
Originally posted by "**********":
Again,
I know Institutional Brokers that are trading this stuff, and they never heard the term Mandate???? Whats up?
NO I am not involved with scrap metal or jet fuel...................
Oh James you making me blush you have never heard the term mandate, that is like me saying that I do no like the thought of a title as a model! But I say the term mandate is another made up title just the same as the term compiler comes into play! Thanks for your time and have a wonderful day and keep it biggerpockets........
I know Institutional Brokers that are trading this stuff, and they never heard the term Mandate????
Mandate is pretty common. A seller's mandate is the seller's representative. The person in direct contract and with a pre-existing formal agreement to help the seller move the product.
Buyer's mandate would be the opposite.
Some use the term when they want to say they are direct to a principal. They might be a lawyer or otherwise. They might be less than a licensed agent if agency is legally defined for the sector.
It can also be used by people who want to sound like they are a professional. Like people who are name droppers to gain creditability.
Many of the deals that are handled over the counter and outside of traditional channels have something odd about them. Some real deals do get done but there is also a lot of noise rather than clear signal.
I have been a full time real estate investor in Florida for over 5 years and with the market the way it is I am really glad I diversified my business about a year ago. I know nothing about speculating on Jet fuel but I got into Internet marketing and have been lucky to find some really strong companies that have not only taken up the slack but created a substantial income. These days you have to do what you can including speculating on jet fuel
I have been primarily focusing on foreclosure investing. The amount of foreclosures have become overwhelming in Florida. 99% have not equity, the mortgage people did a great job of stripping equity. Likewise up until about 18 months ago we were able to do short sales that worked. Now the values have dropped so much that in order for a short sale to work the bank has to take a massive hair cut.
We have changed the focus of our business to lease options and that is starting to work rather well. We are selling our option contracts for a small profit and doing a fairly good volume of business.
We are also starting to offer a short sale outsourcing service for realtors. We are occasionally able to do a deal where we can get a spread on a simultaneous close.
Florida is tough right now and you have to live by your wits to some extent.
Wow, I actually traded my jobs. I lost my investment co in Feb due to illnesss and a divorce. It was a shame. I made a few hundred k a year in my 20's. Im here to stay versed incase I ever come back into money to buy again.
My second company I only started for weekend money since I bought the setup anyways to use for rehabbing my own houses has had to fill in. But its been displeasing to me having to focus only on residential from my lack of advert cash. I want to get it going more than it has been in apartments and hotels, and somehow get jobs like that out of the state as well somehow.
so now I paint, customize, fix counters, cabinets, tubs, and tile. I got into it by accident as I got sick of my guy doing crap work on MY tubs and tops and charging a fortune. I bought the gun years back and the setup and did my own. I then realized I had a gift with the paintgun, as well as ingenuity in the physical aspects. I managed to make edging go around a formica countertops edge, which had a countour like marble or corian. I bondoes the seam and painted like always. Little did I know I had just discovered something that was going to not only fool every appraiser afterward into documenting they were corian, but would have me making a little extra money cuz no one else does it.
I secretly also outside the other company refinish and turn formica cabinets into WOOD cabinets. I replace the doors with custom made doors, made of solid wood in many flavors, then I coverthe cab faces with a paper-thin laminate which is made or REAL UNFINISHED WOOD to match the doors. Another thing I stubled across for my own houses. Lastly, I stain it all, and cleacoat it with professional clearcoat and an HVLP rig. I Do not do it very often or advertise I can do it. Only once in a while I will mention it if someone says they are going to replace their kitchen. I charge less than the formica refinshers just to be sure I get the job f they get other quotes. I have no competition with the REAL WOOD finishing, but I occasionally have to compete with formica and I think they really should be in different leagues. What I do should cost almost as much as brand new wood cabinets, installed, NOT formica refacing over particle board. I dont get how people think sometimes.
I am getting back into WholeSaling and I am currently in the process of constucting my LLC along with it's Web-Page! I think it will be a very good source of income for the next two to three years or so. I will let you guys know how things turn out but I think it will be for the best!
I have plans to film our next flip and make it a "how to flip a house" start to finish, including looking for the houses, interviewing contractors, putting together a time frame and budget, and showing the progress daily. I am also going to expand my website to match up with our dvds, complete with forums, instructional videos and even monthly interviews with real estate professionals.
Also meeting with a friend next week to take a look at some rehabbing software she has put together that she is trying to sell me the rights to. We'll see what happens there.
We actually want it to be more informative than Flip That House. I enjoy those shows but they make it look too easy. I want to show the struggles and a little more reality, more in depth that on that show. I don't think I'm big time enough for that show either... :D