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  1. #1
    Libertytow's Avatar
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    BTW i couldn"t ge your links to work to add liberty exceptional and AAA

    Liberty Towing & Recycling
    (732)279-8599
    Cleaning up NJ 1 LB at a time!
    Certified Mobile Scales
    Fully Insured Carrier usdot # 1802487
    WWW.LibertyTowing.Webs.Com
    WWW.TRRecycles.Webs.com

  2. #2
    GeorgeB started this thread.
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    Quote Originally Posted by Libertytow View Post
    Good luck george

    i will safely say i am never investing in real estate again i"ve lost my shirt once to often to make it worht it it"s easier to invest in hard assets and businesses
    What type of investing were you doing?

    Quote Originally Posted by Libertytow View Post
    BTW i couldn"t ge your links to work to add liberty exceptional and AAA
    Try this: Junk Removal Contractor
    George Beale - Founder & President - info@viprecyclingjunkremoval.com
    VIP Recycling Junk Removal LLC - Premier Scrap Metal, Junk, & Electronic Recyclers!
    http://www.viprecyclingjunkremoval.com

  3. #3
    Libertytow's Avatar
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    Good luck george

    i will safely say i am never investing in real estate again i"ve lost my shirt once to often to make it worht it it"s easier to invest in hard assets and businesses

  4. #4
    Trot is offline Metal Recycling Entrepreneur
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    Well congratulations!! Sounds like a fun venture.

  5. #5
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    too much bash sessions. in most forums you would get banned for that.

  6. #6
    GeorgeB started this thread.
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    Quote Originally Posted by Trot View Post
    Well congratulations!! Sounds like a fun venture.
    Thanks. Everything is fun or can be if you let it lol

    Quote Originally Posted by heeroyue2002 View Post
    too much bash sessions. in most forums you would get banned for that.
    Just depends on how the powers to be look at it. Every forum is different in how they handle things.

  7. #7
    Gangel
    Yes, there was some bashing. But too many times most forums end up being candy coated sugar plum fairy ideas. Some people need to say what is on others minds. I'm that guy. I mentioned about someone else's "business" not being quite right... turns out maybe I was right about that too. How many times can you congratulate a guy for making the same mistakes? And no, I'm not saying GeorgeB is making mistakes. Or even the same ones. I'm merely pointing out the fact that you all give out the hand shakes and back pats all day long, but that doesn't keep the business going. Kind of like "I made 3 grand selling my copper today". They don't tell you they have a grand in it just buying it, a warehouse to store it, a grand in rubbish costs and then insurance and employees on top of it all.

    If you buy a business on a land contract, over 10 years, when does the business make money? I say the business doesn't make money until all debt is paid. But others will say it's what is on the cash flow sheet at the end of any given year. I also believe a business can't make money every single year. And a business makes NO money the first year. But that's just my opinion.

  8. #8
    GeorgeB started this thread.
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    Quote Originally Posted by Gangel View Post
    Yes, there was some bashing. But too many times most forums end up being candy coated sugar plum fairy ideas. Some people need to say what is on others minds. I'm that guy. I mentioned about someone else's "business" not being quite right... turns out maybe I was right about that too. How many times can you congratulate a guy for making the same mistakes? And no, I'm not saying GeorgeB is making mistakes. Or even the same ones. I'm merely pointing out the fact that you all give out the hand shakes and back pats all day long, but that doesn't keep the business going. Kind of like "I made 3 grand selling my copper today". They don't tell you they have a grand in it just buying it, a warehouse to store it, a grand in rubbish costs and then insurance and employees on top of it all.

    If you buy a business on a land contract, over 10 years, when does the business make money? I say the business doesn't make money until all debt is paid. But others will say it's what is on the cash flow sheet at the end of any given year. I also believe a business can't make money every single year. And a business makes NO money the first year. But that's just my opinion.
    Gangel:

    You and I might get onto one another's feet from time to time, but I do appreciate the honesty. I dont like anything sugar coated myself. I will take the truth all day, every day.

    Like I always say, your entitled to your opinions, just like anyone else around here.

    You are correct, that depending on the business, it does sometimes take a few years before the business sees a profit. Everyone's definition of a business making a profit, is all different. My in laws have owned their shop for 6 years I think? And just starting this past year, they are making a profit. My father in law sometimes works 12+ hours a day, to pay 2 mortgages (shop rent and house), and 2 sets of utilities. All that alone is easily $4,000 to $5,000 per month.

    Their business makes over $150,000 a year, but even now, most of that goes to material, labor, and their bills. They make enough, but everyone thinks they are rolling in cash, when they arent really.

    In regards to me personally, I have always run bushiness's primarily online, and my customer base was billions of people. Not saying I had billions of people, but anyone with a pc and internet was potential customers.

    First business I have ever owned offline was doing junk removal. Even doing real estate, most can be done via internet, phone, and fax. You hardly ever see the properties face to face.

  9. #9
    Re-cycler is offline Metal Recycling Entrepreneur
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    The only issue I see would be that they don't get the capitol gains tax so if there aren't laws against it there probably will be in the future.
    It's like skipping vehicle titles if you sell so many cars a year you are required to be a licensed dealer.
    All states may differ in the laws.
    I think what you are doing may just be playing a loophole that could close any time but as long as you claim the income you will probably not have any problems.
    We all have to do what works to make a living

  10. #10
    GeorgeB started this thread.
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    Quote Originally Posted by Re-cycler View Post
    The only issue I see would be that they don't get the capitol gains tax so if there aren't laws against it there probably will be in the future.
    It's like skipping vehicle titles if you sell so many cars a year you are required to be a licensed dealer.
    All states may differ in the laws.
    I think what you are doing may just be playing a loophole that could close any time but as long as you claim the income you will probably not have any problems.
    We all have to do what works to make a living
    To my knowledge, there has never been a limit to how many homes you can wholesale.

    As mentioned, most buyers, will buy and rehab, and then resell for the market value, and there is no limit there either.

  11. #11
    Electrowaste's Avatar
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    Congratulations on the new gig, I like the new logo. I've signed my company up on the website and let ya know if I get any bites. I have no clue what it is that your doing and frankly I don't care. Far be it from me to judge another man's endeavors, at least your trying to get something going. I know this: when I first got my LLC and formed my company, got insured and licensed you were the first (and possibly the only) one over to like my biz's Facebook page and I certainly appreciate that!
    Jeremy Burrage - Founder & CEO
    Electrowaste Recycling LLC, Guntersville, AL
    https://www.facebook.com/pages/Elect...31655806922157

  12. #12
    GeorgeB started this thread.
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    Quote Originally Posted by burrage1 View Post
    Congratulations on the new gig, I like the new logo. I've signed my company up on the website and let ya know if I get any bites. I have no clue what it is that your doing and frankly I don't care. Far be it from me to judge another man's endeavors, at least your trying to get something going. I know this: when I first got my LLC and formed my company, got insured and licensed you were the first (and possibly the only) one over to like my biz's Facebook page and I certainly appreciate that!
    I got it, and you been added to the list. Basically just wholesaling residential and commercial properties. It's really easier than it sounds.

    Your welcome. I believe in networking with anyone and everyone. Never know when you will need the help or services of a fellow individual.

    I trying replying to your submission, but my online webmail program wouldnt let me send it for some odd reason, but your added.

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