Im4datigers

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It was real estate related but AI completely killed it. Ironically, AI killed one of my biz while skyrocketing the other. My gvt contract biz is doing 16mm this year and I would say half of those awards are due to AI.

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Yeah I hear you. I hope what I’m trying is niche enough and different and takes a lot of real life experience that’s within it to make a difference. Feel like AI can come up with any information but tossing in human experience and real life examples might be the difference. Who knows. Cheap to create so only out some marketing dollars if it doesn’t work.

Curious as I have a corporate job as well. I’ve been looking into a similar service business. How are you setting this up (I’m in Virginia so no completion with you).

Are you hiring a GM to run it day to day? A franchise? How do you plan to have the work completed? Are you just subbing out the work and 1099 people?

- HELOC if you can find one on a 2nd home. I’m commercial lending so not sure if that exist on consumer side or not

- set up an LLC

- partner with the builder but maintain all control. And when I say partner don’t give them ownership in LLC, give them a cost plus say 10% contract to build (or something like that) and then dangle a carrot in front of them (through a formal agreement) where they then get 25% kicker of the net profit when sold.

- obviously the key is least leverage as possible in case it sits and you have to fire sale it. And always look at it as a rental in a worse case scenario. If you can’t sell it and have to hold it, what’s the monthly cash flow look like.

Has value yes, but not enough value to sell, pay off debt and return money to investors. when you borrower with a total capital stack of 90% or more and then rates shift on you by 300+ basis points, toss in cap rates moving upward by 50 to 100 basis points and your investors are wiped clean.

I just set mine up this year and used E*Trade. I found it pretty easy to set up.

That being said, I don’t do regular contributions from payroll etc. I just chunk some money in there from the company from time to time.

I also have a w2 job that I personally max out my 401k annually so I can’t put anything into my solo 401k personally, only through the LLC.

I do have E*trade pulling $500 every two weeks into a brokerage account to set aside taxes. I found that super easy to set up.

Not sure how much that helps. I also went with E*Trade as it was one of the few that I could do a 401k loan if I ever needed to.

Thank you sir……no can do on anyone’s personal residence/consumer.

But if you don’t live it it, I can finance it lol!

Have all that. How did you find the opportunity? Just wondering what the steps are to begin. Is it literally searching it on the colleges websites and whatnot.

And assuming you work full time too?

Ok so if a baseball guy comes in and bombs (like we had plenty this year) they can technically be shown the door and lsu isn’t on the hook for their remaining college career

Scholarships - Player gets offer in high school and signs with LSU. At that point is LSU on the hook for 4 years for that person to be on the team, take up a scholarship etc etc? Obviously player can bolt, but can the team bolt too if the player ultimately sucks, gets injured etc?

NIL - LSU goes out and offers someone $5 million. Is that just a year by year deal? Two year deal, depends on the deal etc?

I guess best example is currently with LSU baseball. We got out and offer all these transfers NIL money, scholarships etc and they come in and just suck. Assuming LSU is stuck or can these players be fired per se.

Honest questions as I also have a daughter (no pics a holes) just starting the college athletic recruiting process and just eat about 1000 different things. Everyone plays their “deal” close to the vest so it’s hard to fully understand it all.

You people are insufferable. Guy has two nattys in four years.