then moved on to energy, got involved in the internet boom was counsel to a number of companies. They will stop being my client long before then, thank goodness but I did that for about eight years. They were the first investment bank to go down in 2008. And my big client was a company called Bear Stearns, which you may remember from. So I had offices in New York, Washington, DC and London and there I did mostly Wall Street work. In a big law firm and it with New York offices. After college, I went to law school in New York City. I grew up in a fairly rural and humble circumstances. Why don’t you give us a little bit of your corporate backstory there, Robert, and so people get a sense of where you’re coming from. So that’s kind of business at Robertson today. You know, you buy a single family home, it’s distress You fix it up? Well think of it like the website is sort of distressed or mismanaged or there can be some value add. Here’s kind of the overview from the investor’s perspective. And and today’s gonna be a deep dive into the topic of e commerce websites. This is Lane with the simple passive cash flow podcast today we got Robert McKeon the multifamily investor also that I met through kind of my travels, we both do the little bit of the same thing but he’s got a little bit of the more interesting background. – we then add content monthly to the site and continually optimize traffic while reaping affiliate marketing income.įor a limited time until I kick off my deal hunting season next year, I want to get on a call with as many simple passive casual listeners who have not connected with yet I want to see if there’s any way I can help or at least demystify this world of real estate investing to expedite you on the road to financial freedom new friends book a call at simple passive cash flow calm slash talk.Ī story about a dude named Lane he moved to the mainland and bought one place to stay and then one day he went to try to rent them out and then he became one real investor Hey guys, – the developer creates a complimentary site to increase synergy between the sites and increase revenue and – the developer optimizes the SEO and content of the site to increase traffic to affiliate marketing partners – I hire a developer/company (much like a multi-family property manager) to manage the sites and to assist in increasing traffic – I buy existing websites that are cash-flow positive Here is a quick review of my current passive income venture: Now that I’ve had success with this model twice, I am ramping up to raise money additional money ($500K – $1M) for the next round of investment. I conservatively project returning about 13-14% to my investors on an annualized basis. I raised money in October from friends and family and we started having positive cash flow in February (to be paid out in March). I started a new model just over a year ago experimenting with my own money (~$200K – no debt) and I’m returning roughly about 20%. Because my multifamily portfolio grew in value so quickly and MF assets are currently so expensive, I began looking for alternative passive income producing investments to invest the profits. I’ve been in Omaha for the last 6 years working for a large technology company and investing in multifamily apartments (my linkedin bio link is below). After 20 years, we moved to the Midwest because my wife wanted to live in a more rural setting similar to how she grew up. There are a few reputable brokers that list on there but the majority is listed by owner making up numbers.Ĭorporate lawyer who went to an ivy league law school, worked for a wall street law firm, got involved in the internet boom, worked for a wall street energy trading company and then a hedge fund. I look at their listings regularly and none of it is trash.įlippa is like craigslist for internet businesses. They do a great job presenting the businesses but they will list for any seller that signs their contract.įEInternational actually has standards for what they will list. Buying (Breast Feeding) Websites for Cashflow w/ Robert McKayĮmpireflippers is ok but I’ve always felt like they target uneducated buyers.
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