Whoa so many ebiz posts

October 21st, 2008 by Kenric

Many of you may be getting sick of my ebiz posts. I mean what happened to the REI and other investing stuff?

Ebiz

The main reason I am concentrating 100% on ebizes right now is because this is the season where retailers make most of their money. I must capitalize on these next two months.
The other reason is that I am concentrating on cashflow right now. With the lending standards tightening and the current real estate market, I couldn’t qualify for a loan right now even if I found a property to purchase.
The third reason is that I am also concentrating on non-location specific income. In order to be able to live anywhere and take 3 month vacations I must become fully independent of location. Ebizes will get me to my goal.
Lastly, ebizes have great ROIs with little startup costs when compared to real estate.

Real Estate

As I mentioned before I will have trouble getting a real estate loan right now. I can’t even refinance my current properties when my ARMs adjust.
I’m still continuing to look for SFHs to use as a second home. My goal is to purchase one sometime next year.

Stocks

I was lucky because I had no time to research stocks in the past year so I never bought anything. Most of my money was just sitting in cash. Unfortunately I did pick up Google stock back in February.
I never placed any options trade after attending a few options classes. So that many is sitting in cash also.
I should revisit my stock collar paper trade that I placed in July to see how that is doing.

5 Comments to “Whoa so many ebiz posts”
Kendric,
I love the ebiz stuff. I am doing the same thing and I am excited to watch what you are doing. Please keep on posting, Everyday I wait for a new tid bit of information and insight hoping I can use it for my business.

By Tony on Oct 21, 2008
Kendric,
I agree with Tony, keep up the posts on the Ebizes. It’s fun seeing you tweak new things and succeeding or going off track. You always seem to find to bug and then correct the issue, which is cool to see.

By Shawn on Oct 21, 2008
I love the eBiz stuff too, but why can’t you refinance your ARMs? That doesn’t make sense to me. Your buildings are worth more than the loans, right?

By ubu50 on Oct 22, 2008
That’s great to know cause I have alot ebiz to talk about. :)

It is very hard for a normal person to get a loan now for a personal residence. Trying to get a loan for investment is nearly impossible. Refinancing I’ve heard is even tougher. On a good note, my ARMs may all reset to low rates!

By Kenric on Oct 22, 2008
I think I agree with everyone that I don’t mind all the ebiz talk its actually really interestng to me. Keep them coming.

By Self Directed IRA on Oct 22, 2008

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