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Old 04-17-2014, 09:32 AM
 
4,873 posts, read 3,604,595 times
Reputation: 3881

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Quote:
Originally Posted by pghquest View Post
I was homeless when I started my internet company and I lived in a $12K home when I bought my first $1M investment property..

What on gods earth makes you think you need $300K to start a business? How much does a lawnmower cost for example to start a lawn cutting business?
I was referring to a specific provided example.

How many lawn care businesses do we need? You're comitting a logical fallacy. We are currently living in a depressed economy, with less jobs than people. It's like a game of musical chairs, where conservatives say "oh, we don't need more chairs, anybody can sit down if they hustle!" Nevermind that no matter how hard people work, somebody has to be unemployed. I mean, McDonald's had a job fair and accepted fewer applicants than Harvard, for God's sake.

(Also, I have a sneaking suspicion that if thousands of urban homeless youths were heading out to the suburbs with lawnmowers and paint brushes, the locals would not take kindly to their entreprenuership!)
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Old 04-17-2014, 09:33 AM
 
69,368 posts, read 64,135,461 times
Reputation: 9383
Quote:
Originally Posted by freemkt View Post
??? HowTF did you qualify to purchase and WhyTF didn't the lender ROFLTAO?
Because the seller of the property carried back a 30% 2nd on the property meaning I was able to puchase it without anything down and the tenant was a top credit rated tenant who signed a 15 year lease who fully paid the mortgage payments.

Didnt cost me a DIME.. In fact at the closing I actually walked out with a check..
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Old 04-17-2014, 09:34 AM
 
4,873 posts, read 3,604,595 times
Reputation: 3881
Quote:
Originally Posted by Driller1 View Post
I cleaned ****.

Yes, in another century..... around the 1995s.
You probably meant that sarcastically, but the economy of the 90s was dramatically different (better) than now, which is the point I was making.
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Old 04-17-2014, 09:35 AM
 
24,832 posts, read 37,356,060 times
Reputation: 11539
Quote:
Originally Posted by FrankMiller View Post
I was referring to a specific provided example.

How many lawn care businesses do we need? You're comitting a logical fallacy. We are currently living in a depressed economy, with less jobs than people. It's like a game of musical chairs, where conservatives say "oh, we don't need more chairs, anybody can sit down if they hustle!" Nevermind that no matter how hard people work, somebody has to be unemployed. I mean, McDonald's had a job fair and accepted fewer applicants than Harvard, for God's sake.

(Also, I have a sneaking suspicion that if thousands of urban homeless youths were heading out to the suburbs with lawnmowers and paint brushes, the locals would not take kindly to their entreprenuership!)
Find something people need.
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Old 04-17-2014, 09:35 AM
 
69,368 posts, read 64,135,461 times
Reputation: 9383
Quote:
Originally Posted by FrankMiller View Post
I was referring to a specific provided example.

How many lawn care businesses do we need? You're comitting a logical fallacy. We are currently living in a depressed economy, with less jobs than people. It's like a game of musical chairs, where conservatives say "oh, we don't need more chairs, anybody can sit down if they hustle!" Nevermind that no matter how hard people work, somebody has to be unemployed. I mean, McDonald's had a job fair and accepted fewer applicants than Harvard, for God's sake.

(Also, I have a sneaking suspicion that if thousands of urban homeless youths were heading out to the suburbs with lawnmowers and paint brushes, the locals would not take kindly to their entreprenuership!)
it doesnt matter how many lawn care businesses are needed.. You only need to provide one thats better and cheaper than the other ones..

All you did was make excuses.. There isnt any business out there which requires $300K startup capital that doesnt offer the same concerns.. How many hamburger joints do we need for example?
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Old 04-17-2014, 09:35 AM
 
4,873 posts, read 3,604,595 times
Reputation: 3881
Quote:
Originally Posted by pghquest View Post
Because the seller of the property carried back a 30% 2nd on the property meaning I was able to puchase it without anything down and the tenant was a top credit rated tenant who signed a 15 year lease who fully paid the mortgage payments.

Didnt cost me a DIME.. In fact at the closing I actually walked out with a check..
Bah ha ha ha. "I made money off the real estate market with no assets of my own. You mean people don't do that anymore? What bums."

Have you not opened a newspaper in the last eight years?
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Old 04-17-2014, 09:35 AM
 
33,016 posts, read 27,473,071 times
Reputation: 9074
Quote:
Originally Posted by Driller1 View Post
I cleaned ****.

Yes, in another century..... around the 1995s.

Septic?

I cleaned restrooms in classroom and office buildings.
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Old 04-17-2014, 09:37 AM
 
69,368 posts, read 64,135,461 times
Reputation: 9383
Quote:
Originally Posted by FrankMiller View Post
You probably meant that sarcastically, but the economy of the 90s was dramatically different (better) than now, which is the point I was making.
Meaningless.. People need to eat, people need vehicles, people need all sorts of items regaredless of the economy.

Find a need and FILL it..

Its times like this that people become rich, when you are doing things no one else is doing.. limited competition is a good reason for that.
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Old 04-17-2014, 09:37 AM
 
4,873 posts, read 3,604,595 times
Reputation: 3881
Quote:
Originally Posted by pghquest View Post
it doesnt matter how many lawn care businesses are needed.. You only need to provide one thats better and cheaper than the other ones.
Wow, you well and truly missed the point something fierce. How do you not grasp that even if every person in America works infinitely better and infinitely cheap they can't all succeed because there isn't demand for all of them? Your proposal is just a stupid impossibility.
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Old 04-17-2014, 09:38 AM
 
69,368 posts, read 64,135,461 times
Reputation: 9383
Quote:
Originally Posted by FrankMiller View Post
Bah ha ha ha. "I made money off the real estate market with no assets of my own. You mean people don't do that anymore? What bums."

Have you not opened a newspaper in the last eight years?
yeah, and the economics of the transaction would still work in todays economy as well..

Stop making excuses..
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