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Tagged With "businesses"

Tagged With "businesses"

  • Starting A Business/Side Hustles
    The ability to work from home is huge. And, it looks like there's a TON of businesses that might be switching to the format full-time. What's one of the best jobs that's easy to get into and worth your time that you've found this year? Anything that might outlive the pandemic?
  • Topic Reply
    I think it's important to self-evaluate our interests if you're looking for an income source that takes as little experience as possible. For example, we all have certain interests, and most of the time we are doing these things on a daily basis already. It's just a matter of realizing a way to utilize our interests to generate an income. If you spend 3 hours a day reading and writing - can you figure out a way to get paid to read and write? Maybe you could reach out and become a contributor...
  • Topic Reply
    Definitely @Karan S , agreed, it's especially an interesting time right now for that because people are discovering new interests and talents that they didn't know they had before. It's going to be interesting to see a lot of these big industries adapt to the times and establish permanent work-from-home positions.
  • Starting A Business/Side Hustles
    It looks like many companies are switching to remote work for good and other industries may not return after the pandemic at all. What I want to know is, will working-from-home become the new standard for businesses, will jobs return after the pandemic is over? Or is the job market in the US changing dramatically right before our eyes? What are your thoughts? 🤔🤔
  • Starting A Business/Side Hustles
    How have you had to adjust your business or side hustle based on the pandemic this year? What advantages/disadvantages has it posed, and what's your future plan if the economy goes south again? Thoughts?
  • Topic Reply
    I have two side hustles, both of which are in-person (teaching Zumba classes and event photography). When the pandemic hit, I had to pivot to online Zumba classes (by donation) because my gym was not sponsoring me. For the photography business, I decided to temporarily close. I would like to move toward an online side hustle related to events, but haven't started that yet.
  • Real Estate Investing
    (btw I am terrible at spelling and punctuation) hey my name is Simon and I am 18 years old, I'm interested in getting into the real estate business . I watched one of the Beards videos about side hustles and found wholesaling and work for equity, haven't gotten a deal yet but I'm close! My goal is to own several diverse rental properties. My question, to get financing for a property would I have to wait till I have more income? or do I need more credit to take out a loan from a private...
  • Topic Reply
    I recommend people get licensed. In many states, accepting a fee for real estate services requires a license. To me, it is always a good time to get started. For financing questions as a lender.
  • Topic Reply
    Private lenders, hard money, transactional funding lenders usually don’t care about your credit score as much as they do the deal. If they do ask for a credit report, it’s to look over your credit history to verify your credit worthiness. Also, the interest will be steep, but still a good way to get funding fast.
  • Topic Reply
    Hello @American.Champion I would personally not be buying at this moment since it is a sellers market. I been holding off on buying since the prices are so high. I rather wait it out a while longer to get a better deal. I know we cannot time the market, BUT me personally, will take that risk and wait. For now, I am saving up more capital to give a bigger down payment to drop monthly payment. If you buy at a higher prices, your ROI will be lower. I have 3 properties in California. 1 in Norcal...
  • Topic Reply
    @American.Champion , It is great you are starting early in life. Time will be your best asset. Make a strong effort in educating yourself in real estate, never stop learning. Also become disciplined in the art of savings. Having 'skin' in the game with your hard cash goes a long way to build credibility which will allow more opportunities to be presented. Be great at analyzing deals quickly and as accurate as you can - whether it be a single/multi, a house hack or flipped home. Keep in mind...
  • Topic Reply
    I think some will return to as they were but not all. It will vary by the demands of a given profession, individual work habits, and company culture. In my profession we found that not only could we work effectively remotely but our team was actually more efficient so my employer has already told us they plan on cutting back office space and keeping us remote. That leaves me wanting to do more to make my home office a better work environment. However there are no longer any tax breaks I am...
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