Thread: Starting my own Hotel brand and apartments. (General Business Question)

Originally Posted by Max727

What would be some good intro businesses?

Car detailing business, snow plowing, etc. etc.

Originally Posted by Forfend

Lol wtf is up with all this kids and dreams.

Just get a effffffing job

Ok.........?

Originally Posted by RT3

I own a construction company (mostly residential remodeling) so I can tell you from personal experience that there is a lot to know about running a successful construction business. It sounds to me like you are on the right track with the construction management degree. That will help you a lot, especially with the size of projects that you are interested in. Something I'd also recommend is to do what ever you can to find some sort of internship or a "mentor" that gets you as much first hand experience as possible. You can learn a lot fast just talking to and hanging out with/around people that are doing what you want to do.

What do interns usually do? Just stand around and watch?

Originally Posted by Max727

What do interns usually do? Just stand around and watch?

These days it is a fancy way to say I don't have to pay you much. Depending on the company you can be doing anything ... however they will make you work.

I see you share the same ambitions as me. I'm 25 and buying/rehabing/selling properties in Los Angeles County. I finished my first one in November and I'm in escrow on my second. We buy cash, fix, and sell. I've put together my business plan and I'm looking to take the next step. I am going after financing to help me continue to flip homes (may start to hold onto some of the good ones) and also expand into buying older multi-families, hotels, motels, duplex/triplex, etc and giving them a full rehab to a luxury (or at least upper level) status, re-branding the properties, increasing rents, and then managing the projects. The goal is to have a good track record of flipped homes (fast money) and large porfolio of A+ properties that will generate income for as long as I want.

At some point I plan on getting into the hospitality side as well.

Well, thats me. If you want advice, follow your heart and don't take no for answer. Make it your #1 passion. Remember, all great journeys begin with a simple step. Read Trump's book The Art of the Deal and a book called 8 New Rules of Money. Get an internship with the best development firm you can find. The sound of doing this is not attractive, but it'll put you year ahead of me who are still trying to figure out the best ways to do certain things. Work your ass off at it. Study the market. Learn financing.

I think that'll be a good start.

Originally Posted by lalasd

These days it is a fancy way to say I don't have to pay you much. Depending on the company you can be doing anything ... however they will make you work.

^ This, you'll likely get some sh*t work, but you should be able to learn a lot as well. It's a good way to see a lot of the inner workings of a business or industry, stuff they won't teach you in school.