All Forum Posts by: Brian Lacey

Time is important, and it sounds great to hear and tell others, but the reality is, until you're making money pretty consistently in investing, your time is another currency you're using.

You're already in Memphis. It's TK central already. Do the work yourself. Spend more time. Get more money.

2 Votes

Always needs to be a catalyst. Find the catalyst.

0 Votes

Originally posted by @Engelo Rumora:

Originally posted by @Jon Q.:

Originally posted by @Engelo Rumora:

G'Day Bigger Pockets,

I hope you guys are smashing your goals for this year.

I wanted to inspire you today and share my success story.

This is one of the proudest moments of my life as a business owner and entrepreneur.

In the daily HUSTLE/BUSTLE, you sometimes just need to slow down a little and enjoy in the things that make you happy.

Here is an article published by the Huff about my Bahamas dream come true investment -

Also, please read these two poems when you get a spare moment and I hope they change your life just like they changed mine:

Slow Dance

The Story of the Mexican Fisherman

I'm open to questions so feel free to fire away.

Thanks for reading and I'm looking forward to hearing from you.

You look like you're living close to the beach. The photo looks pretty bare...What area of the Bahamas is this?

Have you been in any significant hurricanes?

Any concern about global warming/sea rise?

Thanks,

jon.

Thanks Jon,

We have a 1.6 acre lot with 100ft of waterfront and looking to build 6 bungalows.

Starting with one in the coming months and will go from there.

The island is called Long Island.

I haven't been in a hurricane yet but am looking forward to surfing the waves before one hits lol

I'll leave global warning concerns up to Leonardo Di Caprio and by the time the sea rises I'll hopefully be looking down on Kevin Coster's great great great great son replicating a scene from the Water World.

Thanks again

If you're looking to develop some of that land into more of a homestead/self-sufficient location, I'd be happy to help how I can with some helpful sites and info that I've learned. Very doable, if you'd want to go that route.

1 Vote

Originally posted by @Engelo Rumora:

Originally posted by @Brian Lacey:

I'm trying to follow your lead and example.

Build the wealth and then simplify.

"A simple life is a happy life." If it's good enough for the Dalai Lama, it's good enough for me.

I'm happy to see you cashing in some of the poker chips for a beach and happiness.

Thanks Brian,

You would be surprised at how little is needed to do this. I just bought 3 more condo's in the Bahamas for less than many folks spend on a car (Might even get them cheaper now due to Matty the Hurricane). It's not about being wealthy. It's about shacking the BULLS#$% stereotypical view that society brainwashes everyone with. The 40/40/40 rule (work 40 hours for 40 years and retire on 40% of your income).

Mostly people dream of owning a $1m+ mansion. I'd rather be debt free and own 10+ condo's worldwide and travel with only my wallet and passport :)

Thanks and much success

You're preaching to the choir brother.

I'm planning on working on my business for the next decade or so and then move out to the western midwest and start a homestead farm with my family. Accumulate the cash and investments now, retire (by my standard), and work the land.

1 Vote

I'm trying to follow your lead and example.

Build the wealth and then simplify.

"A simple life is a happy life." If it's good enough for the Dalai Lama, it's good enough for me.

I'm happy to see you cashing in some of the poker chips for a beach and happiness.

1 Vote

Any nearby farmers would love a place to graze some cattle. Not the best time of the year. But 30 acres. A lot can be done with that. A basic leasing of the land to a farmer can turn that acreage into a profitable investment for them.

Not gonna be a ton of money per acre, but could help a small bit and put the land to use.

1 Vote

Yes, I would give them a $5 gift card to Starbucks, a quick drop by with a handful of tenants. Not scalable, but a nice gesture.

And I'm calling bull on everyone saying "No. Keep it professional."

Every year our inboxes are inundated with birthday wishes, free add on gifts and coupons from businesses we gave our email to.

Are we Best Buy, Home Depot, or Coca-Cola? No, of course not. But it's all (repeat) business.

A tenant is a customer. Happy customers are never a bad thing.

2 Votes

I'd wear casual. T-shirt, shorts, and a ball cap with some runners or flip flops on.

They'll reveal their biases in their words. No reason for them to look at me and see a potential walking lawsuit in a nice car, nice clothes, etc.

That's just me and how I approach it.

The less money they think I have the better.

0 Votes

@Ben Leybovich is my choice. His program, material, and communication is second to none, in my opinion.

He's saved me thousands already. Best damn investment I've ever made.

1 Vote

Originally posted by @Ben Leybovich:

Originally posted by @Carlos Vega:

@ben leybovich Are you saying that buying turnkey isn't a smart investment in the first place?

What I am saying is that selling for more than you paid is necessary to drive IRR, and TK, by its' very design, precludes this in 99% of the cases. So, yep - TK is not particularly a smart investment...REIT would be better if you want to be a retail investor :)

Love me some diversified REITs. Can't get enough of the medical and senior care facilities haha.

One way to diversify, and move into other asset classes.

0 Votes

All Forum Posts by: Brian Lacey

Brian Lacey has started 5 posts and replied 213 times.

Post: Opportunity Cost: Turnkey vs BRRRR?

Post: How to tell a city is gentrifying and if it is good to invest?

Post: How I Said “$#%@ It” & Retired in the Bahamas at 28 Years Old

Post: How I Said “$#%@ It” & Retired in the Bahamas at 28 Years Old

Post: How I Said “$#%@ It” & Retired in the Bahamas at 28 Years Old

Post: Transforming a Property in rural Northern Maine into an asset.

Post: Recognize Tenant on Birthday?

Post: What do you wear?

Post: Best choice for a mentor?

Post: Exit strategies for turnkey property?