Observing Consciousness
Practice
Regarding The Villas at Vista Grande, what is the obstacle to it happening right now?
- The obstacle is that I am waiting for Thad to come back with information about his financial backer has had an independent look at the project.
Is there a part of this obstacle that I can change?
- I can email Thad to ask if he has got anything back. DONE
- I can tell him I've been working on the figures. DONE
- I can commit to doing daily work in consciousness observing obstacles and seeing ways through them
- I can work on the file every day to add some more details.
Can I become Financially Independent investing the proceeds of Eden2
Strategy
- Brainstorm how to uplevel my investing using Funds from Eden2
- Evaluate whether Eden2
- Create ideas in order to go into Christian Michaelson seminar and remove blocks ina focused way
End Goal
- Determine whether by using Eden2 funds, I could live off my investments (financial independence)
- End goal definition is to create $10,000 a month income to replace my salaried job and benefits
Current Job and Benefits
$115,000 salary
$10,000 healthcare
$7,000 401K contribution
Quick Calculation
- Current salary $11,000 a month before tax
- Taxes $1500
- 401K $1000
- Healthcare $1500
- Mortgage $2500
- Loans $1000
- Utilities $500
- Visa Spending $2500
- Payoff outstanding credit card debt $1000
- Left for other saving
Current Assets
- $350K equity in Warmlands Ave
- $170 in 401K
- $300K equity in Eden2
- $40K in EDS NQ
- $13 K in MAP
Possibilities for Income Generation
- Encore investment property (high cashflow real estate)
- Local property flipping
- Options Trading (risk limited short term trading)
- Forex Trading (leveraged day trading)
- Mutual Fund trading like in 401K
- Drive UberSUV with Mercedes GL450
Do I need short term income, medium term asset growth, or long term asset growth
- With Eden2 sold, I actually don't have a short term cash problem
- So investments could be longer term rather than just short term cash orientated (trading income)
- How much cash do I need to be liquid?
Ideas
- Redo Online Trading Academy training in San Diego
- Christian Michaelson Abundance program - remove fears around abundance
How much income is required replace job income, plus keep growing investments, if income from capital is used to live on
Scenario 1:
How much real estate could I buy investing the whole $300,000
At 20% deposit, I could buy $1,500,000 of real estate.
Rent at $2000 for every $300000 or real estate.
That would mean $10,000 a month in revenue
The problem with real estate is that the expenses are a high proportion of the revenue
The real gains are through depreciation, taxable interest on loans and capital gains on the asset.
The only exception appears to be the holiday rental we investigated in Florida
Property flipping might represent another option.
Scenario 2:
Mutual Fund Trading
Scenario 1:
How much real estate could I buy investing the whole $300,000
At 20% deposit, I could buy $1,500,000 of real estate.
Rent at $2000 for every $300000 or real estate.
That would mean $10,000 a month in revenue
The problem with real estate is that the expenses are a high proportion of the revenue
The real gains are through depreciation, taxable interest on loans and capital gains on the asset.
The only exception appears to be the holiday rental we investigated in Florida
Property flipping might represent another option.
Scenario 2:
Mutual Fund Trading
- On my 401K, trading $17,000 at a time, I'm making about $3000 at month
- I'm only using 50 - 70% of my available capital
- So investing the whole $300,000 of Eden2 proceeds, I would be trading $30,000 per trade
- 5% trade profit at $30,000k per trade is approx $1500 per trade
- I would need four successful trades per month to create $6000 in income
Scenario 3
Florida Holiday Rental
- This seems to be the most cashflow positive scenario
-
What would be ideal mix?
- Get paid to manage the Villas at Vista Grande project
- Make $4000 a month trading mutual funds
- Make $4000 a month trading Forex or options
- Have time to develop NeuroYou
- Help Sylvia manage Becker-Hill Inc.
- I'm only using 50 - 70% of my available capital
- So investing the whole $300,000 of Eden2 proceeds, I would be trading $30,000 per trade
- 5% trade profit at $30,000k per trade is approx $1500 per trade
- I would need four successful trades per month to create $6000 in income
Scenario 3
Florida Holiday Rental
- This seems to be the most cashflow positive scenario
-
What would be ideal mix?
- Get paid to manage the Villas at Vista Grande project
- Make $4000 a month trading mutual funds
- Make $4000 a month trading Forex or options
- Have time to develop NeuroYou
- Help Sylvia manage Becker-Hill Inc.
How much does family health insurance cost without a job?
Income Needs
- Need income that is free cashflow, as opposed to asset growth
Scenario 4
- Simply live off the Eden 2 proceeds and see what happens
Scenario 5
-
- Simply live off the Eden 2 proceeds and see what happens
Scenario 5
-
Income Possibilities in Next Five years
- $500k Sylvia's inheritance (after taxes and costs)
eREIT- Real Estate Investment Funds
https://fundrise.com/investments/core-plans/supplemental-income/view-plan-variants
eREIT- Real Estate Investment Funds
https://fundrise.com/investments/core-plans/supplemental-income/view-plan-variants
Encore at Reunion Resort
Lancaster III at Encore
Opportunity Type: Vacation Rental
Bland vacation houses but super efficent floorplan maximizes thenumber of bedrooms for to make them attractive for multi-family holidays. Close to Disney parks at south end of Orlando. Occupancy is hotel type as it is a vacation rental, but cashflow potential is great with nightly rates $500 - $700. 8 bedroom home for under $600K!Orlando gets 60 million visitors a year, rising to 100 million in the next decade. Constant growth market. The Lancaster III design was our favorite with huge Lanai and pool. All sites completely finished landscaping
Opportunity Type: Vacation Rental
Bland vacation houses but super efficent floorplan maximizes thenumber of bedrooms for to make them attractive for multi-family holidays. Close to Disney parks at south end of Orlando. Occupancy is hotel type as it is a vacation rental, but cashflow potential is great with nightly rates $500 - $700. 8 bedroom home for under $600K!Orlando gets 60 million visitors a year, rising to 100 million in the next decade. Constant growth market. The Lancaster III design was our favorite with huge Lanai and pool. All sites completely finished landscaping
2359 Elevardo Rd
2359 Elevardo $899,000 3331sq ft, 4 bed, 4 bath, 3 acres
Opportunity Type: Up-leveled HomeAmazing site looking down into Cal la Vie. 5 minute windy drive up from Warmlands Ave. House is immaculate but bathrooms, kitchen and flooring are very dated. Spectacular entry. Potential for infinity pool overlooking Cal-la-Vie could be simply stunning. Would need $50,000 in updates plus pool. Landscaping is uninspiring and lots of potential for upgrades. House platform is about 1 acre and rest of property is steep natural chaparral.
Zillow
Arroyo Vista
Arroyo Vista, Murrieta
Opportunity Type: Rental - local market
Nicely designed and built townhomes in Murrieta. Typical commuter home for professionals. Significantly cheaper than over the hill in North San Diego county. Well priced at approx 350k with many extras included. Likely to all be sold by the time Eden2 is sold and I am ready to reinvest.
Opportunity Type: Rental - local market
Nicely designed and built townhomes in Murrieta. Typical commuter home for professionals. Significantly cheaper than over the hill in North San Diego county. Well priced at approx 350k with many extras included. Likely to all be sold by the time Eden2 is sold and I am ready to reinvest.
Cottages at St Cloud
Cottages at St Cloud, Oceanside
Opportunity Type: New Construction Rental, Local
High quality townhomes in the most upmarket part of Oceanside. Close to Oceanside technology park and best schools in oceanside.Carriage house design is spacious and stunning.
Opportunity Type: New Construction Rental, Local
High quality townhomes in the most upmarket part of Oceanside. Close to Oceanside technology park and best schools in oceanside.Carriage house design is spacious and stunning.
Vista Grande
What a creation!
It started with me going on my weekly Couser Canyon ride. I bumped into That Hutton at the bottom of his driveway as I departed for my ride. He told me to drop by for a glass off wine on the way back, which I did.
Three hours and two bottles of red later, we had solved the worlds problems and started to talk about the Vista Grande piece of land. I said it would be my dream to build amazing white contemporary houses on the hill and we started drunkenly brainstorming the possibilities of that.
Turns out Thad has been doing a lot more thinking about this than I expected, and was totally into my entire Mallorca Modern concept. We talked about the house values in our neighbourhood including the sale of 1.3 million and the new listing also for 1.3 million, how big the houses would need to be make economic sense.
His focus is on the ECO nature of the houses, with solar cells, battery options, passive solar heating and cooling, and orientation towards the amazing views.
Thad has very rich friends, the sort of people that could buy that piece of land and bankroll the entire build process without breaking a sweat. His big current client bought a 10 million dollar house in order to bull doze it and build a 20 million dollar house.... And that doesn't include his private polo estate in Montecito...
The next day Thad called his investor, the real estate agent and his friend John on the city council.
I would be the overall project manager, Thad would handle land sales and investor relations, and John would help get the city council approvals process through smoothly. We'd all get to choose the prime lots and the model homes could even become our personal properties.
The end result would be 24 3500 - 4500 ft ECO homes built in the Mallorca Modern style, valued at 1.1 - 1.5 million in about five years. The total revenue from the home sales would be about 30 million.
Turns out Thad has been doing a lot more thinking about this than I expected, and was totally into my entire Mallorca Modern concept. We talked about the house values in our neighbourhood including the sale of 1.3 million and the new listing also for 1.3 million, how big the houses would need to be make economic sense.
His focus is on the ECO nature of the houses, with solar cells, battery options, passive solar heating and cooling, and orientation towards the amazing views.
Thad has very rich friends, the sort of people that could buy that piece of land and bankroll the entire build process without breaking a sweat. His big current client bought a 10 million dollar house in order to bull doze it and build a 20 million dollar house.... And that doesn't include his private polo estate in Montecito...
The next day Thad called his investor, the real estate agent and his friend John on the city council.
I would be the overall project manager, Thad would handle land sales and investor relations, and John would help get the city council approvals process through smoothly. We'd all get to choose the prime lots and the model homes could even become our personal properties.
The end result would be 24 3500 - 4500 ft ECO homes built in the Mallorca Modern style, valued at 1.1 - 1.5 million in about five years. The total revenue from the home sales would be about 30 million.
Subscribe to:
Posts (Atom)