Bring the Cash Flow

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The Plan

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Yes, of course there’s a plan… without a plan you rott away in a cubicle for 35-years!

So here goes, my plan is to go big [Not huge, big. Remember, big is a relative term that may mean something different to you than to me]. The plan is to incorporate in the near future. The company will be a partnership between several close friends who I know that I can work with in the long-term, my wife and I.

From there, we will start offering class B shares to investors. Prices and logistics have yet to be ironed out, but I will keep you posted on the developments.

Once a suitable foundation is built, we intend to flip our first property. There are good and bad things about flipping, which can be discussed further in the comments. However, there is no doubt that if done correctly, flipping houses can reap great reward in a short amount of time. Thus, this will be a major basis of generating additional capital and keeping our investors happy.

I’d love to hear of any stories readers might have on running their own real-estate companies, or flipping houses.

In my next post, I’ll outline my current holdin

NetworthIQ

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NetworthIQ is a Web2.0 community dedicated to tracking each-other’s net worth.  The site allows easy tracking of your month-to-month net worth.  You can also search by job-type, age group, etc. to see what other people in your demographic have done with their money.  The site is set up like a blog, with monthly updates comprising each entry, and a comments section for other users share ideas.

Best Feature:  Insert a graph of your net worth growth/[loss] on your blog site.

continue reading…

Welcome to my first post.  I suppose I should introduce myself…  I am N. Gifford, a 26-year-old Mechanical Engineer living somewhere in Canadian suburbia.  I am currently working in the defense industry, largely due to socio-economic factors as the primary employer of engineers in my city makes defense products.  I assure you my interests lie elsewhere, and that is where this blog comes in.

 I intend the blog to be an exploration of life, mostly the financial side of life.  My current struggle is to budget my household expenses, and learn how to generate more income from savings and my rental properties.  I hope this site will be a good resource for financial information, especially relating to real estate dealings because I currently cannot find any real estate blogs.

 Naturally, I am a geek, so I will probably post some interesting links found during my daily web surfing…  and hopefully I can find out how to host this site myself… that should be interesting.

Next, I will post a bit about my financial situation, and my rental properties.  I will also include some links of the websites I watch.
NG