Monthly Archives: June 2007

What the heck is wes doing update!

I haven’t been updated on current status issues with life and the 4 projects that are being worked on!

Well it has been exciting, my income has increased after leaving school again.  I finally passed the $500/month gross passive income bracket to the $2,000/month gross  passive income bracket.  You may say, $2,000????? Wes, I make that at my job.

Well thats great if you make $2,000/month at your job.  I said passive, I’m making $2,000 without working a job. I’am making $2,000/month in my sleep.  Exciting, so what happened?

Jingyee, Inc

  • Jingyee, Inc is my internet website holding company, it runs RotaryEngineIllustrated.com and RebuildingRotaryEngines.com, they are two sites that have a niche market and pretty much just make money off Google AdSense,  they generate approximately $15-$20/day passively without working, which is an extra $500 a month approximately.
  • Jingyee has pretty much just been a holding company for the websites, as I don’t work on them much any more.  However, I’ve tried a couple of times to get people to write articles for my websites and have them get a cut of the residuals that the articles bring in.  I have failed with two different people, I need to just keep going and then sooner or later I’ll figure out how to do it.  Success through repeat failure.
  • We are still filming new videos for the rebuilding site, and it has helped the income increase slightly, right now my sites are going down in the SERPS compared to wikipedia and howstuffworks.com, they just dominate the SERP.

TempName Online, Inc

  • TempName Online, Inc is supposed to be my friend Bryan Baker’s and I’s finance company.  Sounds cooler than it really is, what we did is start a S-Corporation, so it has its own unique EIN.  And what we do is borrow money at low interest and then lend it out at higher interest.  Basically what the banks do, right now we don’t have that much money, we’ve been accepted for one 0% APR credit card out of 4.  Right now we only have $500 being borrowed at 0% interest, and gaining around a 20% ROI through the peer to peer lending system, Propser.
  • We are going to be pushing credit card affiliate programs, and other types of affiliate marketing, and make it a whole round about way to generate income online through affiliate programs and by our original idea making money off of money.   We are currently building our credit score for the company, it now has made 2 payments to our buisness credit card, thus giving us a two month’s credit history.

Bluetail Properties LLC

  •  Bluetail Properties LLC is my real estate holding company, currently it services my single investment property.  A 5 bedroom, 2 bathroom home located in Portland, Oregon.  I put a 10% down-payment, and now I control $240,000 worth of real estate with 10% down.   I got a no-documentation loan (that means I don’t provide any income documentation verification), and I have a 6.25% interest rate, on a 30-yr fix, no pre-pays, or points paid.
  • The monthly mortgage payments are about $1,598/month.  But it brings in $1,625/month in rental income.
  • As an investment, Portland is appreciating about 13% steady year after year, that would result in an extra $24,000/year in equity appreciation growth just by owning the building.  $24k a year without working, not bad.  Just need to buy more.
  • I was in process of purchasing a 4-unit apartment building in Corvallis.  It was a great deal, they were asking $250,000 for a 4-unit well below value, but I’m an investor and tried to get a better deal I sent out two offers, one for seller finance full offer, and one a lower offer with traditional financing (home mortgage from lender).  Anyways, I got denied, so I’ll make more offers.
  • I’m currently in process of getting my real estate license, but I’m not sure if I want to actual finish it and get my realtor’s license, I don’t feel like working for a 1 time commission. I want residuals.
  • I’m in process of purchasing another investment property, I’am already pre-qualified to purchase another home around $220-$250k. Not bad, I’m only 20 and already own a house, and its just going off my credit score, I had a 740 credit score when I got my first loan.

Prolegic Enterprises LLC

  • But perhaps the most exciting company that I’m working on right now, and is taking up most of my time is Progelic Enterprises, which is the holding company for our college campus internet rental sites.  Currently we service 4 markets, and theses are active sites.  BeaverRent.com, DuckRent.com, RaiderRent.com, CougarRent.com, when we got started we started franchising our system out to more people.  Thus creating a win-win situtation.
  • We are expering some great growth, we were mentioned in the barometer, we now after 2 months of being live have over 3,000 accounts.  We have had over 600 instant messages sent back and forth about roommate searches.  We have sent properties over 300 property leads, we have had over 20,000 views on our buildings.  We receive around 250 unique visitors a day to all of the sites combined, and around 2,500 page views a day.
  • We have now brought more people to the team.  The company currently works with 9 individuals.
  • We now have brought on our first board of director, Bill Syrios, a very successful real estate entrepreneur.  We have also added Chris Montes to our team fairly recently, he helps us with our marketing documentation, and franchise agreements.
  • We are expanding this month to Washington, we are excited.
  • We are excited about the new facebook platform that is being launched, we plan on taking full-advantage of this and making things really happen with it.
  • We have some new features on the sites, and our traffic continues to increase, we now have 10% of the OSU student body that has beaverrent.com accounts.  Incredible
  • The sites are making around $100/month currently in adsense, and just going up.

Life

  • Although I dropped out of school, I still read more books than most college students ever will in their entire life.  I’m building my library right now, its so joyful to be able to see your library and all of the books you’ve read to help you get to where you are.   Every 5 books I read my income seems to go up, this is 100% for real too.  I have books about primarily wealth building.  If you want to be wealthly, study wealth. Do you want to be wealthy? Are you studying how to become wealthy?
  • Mentoring, people continue to contact me about real estate investing and how they may be able to make more money.  It is a great experience being able to help others, I strongly urge anyone to get in contact with me if your interested in talking.  My friend G and I, I showed him what I knew about real estate, and we are going to looking at houses together.  Maybe I’ll buy some while we are looking.  A fellow friend I met in the middle of the street, him and I are getting together to talk about real estate investing.  My buddy Adriel in Ohio is going through some difficulty with his online buisness, so I try to help him out.  Sometimes I could be more helpful, and then just people on facebook a lot of people contact me asking about wealth building its great, and I always shed information, and primarily try to set them on the path of personal development, which is really the key to all great things.
  • Programming – I’ve been programming alot, for BeaverRent, and things are moving ahead.  I primarily spend most of my dad on the computer, and driving around and collecting my rent.

What else?

  • Well I’ve also played some video games too lol, I’m not going to lie. Sometimes in the midst of work we gotta just relax for awhile.   My goals are set, written above my head, when I goto sleep at night their they are.  When I have had my goals above my head, I have never failed acheiving my goals.  Serious comment that last one is.
  • Oh and finally, my web 2.0 projec, which I’ve never disclosed any information about on this blog, is still in process, I’ve shifted focus because I can’t work on it much after involving myself with BeaverRent.com, I was working on it full-time before I was approached to work on Prolegic, I have now outsourced the work and paying a full-time programmer, and brought in another founder to help me.  So I can contract on Prolegic Enterprises, but still have people help me get my super passion done.  I’am going to build a web 2.0 community and sell it for millions and buy abunch of real estate investment property with it.

End Note

  • My blog is called what the heck are you doing, because I can certainly appear like a loose cannon, you see doing all theses projects.  Although I’m learning now, focus is key, it really is, but sometimes, you can make it work, where you can leverage yourself and spread the work out and get more done with the help of others.
  • Thats it for the WesUpdate, hopefully next time I’ll be closer to purchasing my second home, I need the gross income to reach my 2008, January 1st goals.

2008 Goals

  • I’ll end it with my January 2008 goals, so you see where I’am, and see where I’m going.  Remember theses goals are real goals, written and PASTED above my bed, I see them everyday, and visualize having it now.
  • My businesses are making $10,000/month by Jan 1st, 2008
  • BeaverRent is a world class company
  • I have multiple streams of leveraged income
  • I own/co-own 3 building
  • I have 100% integrity

The Miracle of Personal Development by Jim Rohn

The foundation of good living, is built upon an individual’s level of personal development.  The code I live by:

One day Mr. Shoaff said, “Jim, if you want to be wealthy and happy, learn this lesson well: Learn to work harder on yourself than you do on your job.”

Since that time I’ve been working on my own personal development. And I must admit that this has been the most challenging assignment of all. This business of personal development lasts a lifetime.

You see, what you become is far more important than what you get. The important question to ask on the job is not, “What am I getting?” Instead, you should ask, “What am I becoming?” Getting and becoming are like Siamese twins: What you become directly influences what you get. Think of it this way: Most of what you have today you have attracted by becoming the person you are today.

I’ve also found that income rarely exceeds personal development. Sometimes income takes a lucky jump, but unless you learn to handle the responsibilities that come with it, it will usually shrink back to the amount you can handle.

If someone hands you a million dollars, you’d better hurry up and become a millionaire. A very rich man once said, “If you took all the money in the world and divided it equally among everybody, it would soon be back in the same pockets it was before.”

It is hard to keep that which has not been obtained through personal development

So here’s the great axiom of life:

–To Have More Than You’ve Got, Become More Than You Are–

This is where you should focus most of your attention. Otherwise, you just might have to contend with the axiom of not changing, which is:

–Unless You Change How You Are, You’ll Always Have What You’ve Got–

http://www.jimrohn.com

TIMING

Timing is incredibly important with success, sometimes the timing for idea is great, you can launch it and the marketplace is ready for your idea.  Sometimes, your idea is to far ahead, the timing isn’t there yet.

The key is to be active, and always seeking the best opportunity, and always store your ideas so you know when the right timing is for your buisness to excel, or your time to do whatever it is you’ve wanted.

Some people will say, OH HE WAS JUST THERE AT THE RIGHT TIME.

What abunch of bullcrap, what it is, is BEING AT THE RIGHT PLACE ALL OF THE TIME!.

Are you in the right place right now to be apart of some big opportunites? We are, were going to be doing something huge with the facebook platform, and their developers, because we were busy working, and we ARE READY WHEN THE TIME HAS COME.  DON’T WAIT TILL THE TIMING IS PERFECT, GET GOING ON WHATEVER IT IS U WANT TO AS SOON AS POSSIBLE.

HEY! GET GOING, START SUMMER OFF WITH A BANG!

Here’s one of the secerts to success. the idea of mommentum, mommentum builds, you want mommentum. You can only gain mommentum with activity, and achieve large mommmentum with massive activity.

If you want to start your summer off with a bang, the FIRST THING TO DO after your done with your last class, IMMEDIATELY GET TO WORK ON WHATEVER IT IS YOU WANT TO DO FOR SUMMER.

Get it started immediately, I mean right after class, don’t take a nap, start it, and take a nap later. Start the mommentum, or else u may find yourself in, uh, I’ll do it later. no start NOW, TODAY, ACTION, = RESULTS.

You want results, well what are you waiting for, get started IMMEDIATELY.

Everyone tells me about their ideas, and yet only 5 of my friends actually do anything. Are u one of the 5?

Bye Molly

Molly is our family dog, we’ve had her for 15 years, wow. Thats a long time, I remember, ever since the 1st grade we had molly, the black australian shepard mix, who knows what the other mix was, but molly was our molly. Alot of dogs are named Molly.

After 15 years, we had to put molly to sleep, she was very sick, she wouldn’t eat any more, had cancer, and was becoming very weak. She’d look you in the eyes in the last weeks of her life, and just sorta say, I’m not feeling to good.

Although we had alot of fun during the last 15 years, now that she is gone, another individual can experience joy, death and new life are joined together, and the joy of a new begining will normally become after a death of a long journey. So lets turn ugly situtations into bad.

When you get an F on a final, you failed, but your not a failure, “our greatest achievements come after our greatest disapoints.” Hey, you hit rock bottom an F is as low as you can go, you can get Strong, you can get Better, and you can get Wiser. Make a note of those three words, Stronger, Wiser, Better.

All of your failures are good things, opportunities dressed up in disguise. I lost a pet, and lost my neighbor who commited suicide, I’ve practically lost a brother for the last couple of years due to mental illness, and yet, I’m happy for everything that has happened.

Learn to appreciate the challenge of life, learn to appreciate when times get rough. Its the winters of our life.

Here is a good phrase, life and buisness are like the changing seasons. The winters of our life, when everything goes wrong, smash, we call them the winters of our life. Then fall comes, its time to plant, its summer time, your a student, now is the time to plant your seeds of entrepreneurship, and making your spare time productive time, plant those seeds. because here comes spring, and the only people who are harvesting planted seeds in the fall.

God asks, Who is this fool who comes to me with his wants for a harvest when he has planted no seeds.

And then, the winter comes, and wipes out the harvest, and we build again.

So what does this have to do with my dog molly. Its a winter, and right after winter, is fall, and spring, god is a genius. Learn to appreciation the ugliness of life, learn to appreciate failures, learn to plant your seeds, and get through the rough time.

Life and buisness are like the changing seasons, thats the best way to illustrate life.

America’s First Millionaire

Did you know America’s first millionaire was a real estate investor. The astor family, the famous family, the most wealthly family during the later 1700’s and the most of the 1800’s. This family was of German desecant,


John Jacob
(originally either Johann Jakob or Johann Jacob) Astor (July 17, 1763March 29, 1848) was the first of the Astor family dynasty and the first millionaire in the United States, the creator of the first Trust in America, from which he made his fortune in the fur trade, real estate, and opium[1] industries.

Real estate and retirement

if i could live all over again, i would buy every square inch of Manhattan.
—John Jacob Astor

In the 1830s, John Jacob Astor figured that the next big boom would be in the build-up of New York, which would soon emerge as one of the world’s greatest cities. Astor withdrew from the American Fur Company, as well as all his other ventures, and invested all his proceeds on buying and developing large tracts of land, focusing solely on Manhattan real estate. Foreseeing the rapid growth northward on Manhattan Island, Astor purchased more and more land out beyond the current city limits. Astor rarely built on his land, and instead let others pay rent to use it.

– as he quotes, “if I could live all over again, I would buy every square inch of Manhattan.”

He would pass his legacy onto his sons, Jon Jacob IV, an american millionaire would board the Titanic in is later years, the richest man aboard the ship, and sunk down refusing to get into the lifeboats before all of the women and childern did.

History, is so wonderful, you can take a look at the past, I was reading on the titanic, the important people who passed away during the ship sinking. The wealthiest people on board where entreprenuers, and most of them sacrificed their lives, the males to refuse to board the lifeboats before all the women and childern were on board.

But its interesting to note the first millionaire in the US was a real estate investor, he he understood that real estate is a good investment. Matter of fact where not making any more land, population keeps going up, so housing demand keeps going up, and guess what real estate prices keep going up.

Will you invest in what the first millionaire in the united states wishes he would have bought more of? A millionaire back in the 1700s, that is alot of money. The astor family.

Ron Paul – 2008 – Champion of the Consitution

I’am not big into politics, and neither really dem or rep, but just seeking who is the best candiate from whatever party. I’am going to be voting for Ron Paul, I believe the founding fathers of our country, would choose Ron Paul. Less government intervention, I don’t think we should “police the world,” our currency and federal income tax system is failing us. Just look at the US dollar falling faster and faster.

Remember, we can’t complain about the way things are in the US if we don’t use our right and vote. Have you looked at Ron Paul, take a look yourself to see if he fits your views:

HURRICANE KATRINA, EVERY SINGLE MONTH

By 2010 the first of the baby boomers are going to retire, 75 million people. We are going to be hitting a large recession my in opionion, alan greenspan has made comments and it just makes sense. Just take a look at the figures.

Once the begining of the 75 million people start to retire, lets just say each person takes $1,000 a month from the social security market. That is 75 BILLION DOLLARS A MONTH COMING FROM SOCIAL SECURITY.

THAT IS THE SAME AMOUNT IT HAS COSTED FOR THE WAR, OR HURRICANE KATRINA FOR COMPARSION. every SINGLE MONTH

We can also conclude that theses people may start retiring $1,000 a month from the FINANCIAL MARKETS, I honestly don’t see how this market is going to be going UP. Massive Foreclosures right not, we are at a HISTORIC HIGH OF DEBT. Our current president has put our country in more debt than the last like 20 presidents. WHY WE WANT YOU TO BE RICH, there is going to be a separate between the rich and poor, in the future there will be no middle class.

SAVERS ARE LOSSERS, TRUE, BECAUSE of a BILL that took the dollar off the gold standard. Our money has been turned into a CURRENCY, and CURRENCIES loose money. Simply SAVERS are loosers are because the fact is the AMERICAN DOLLAR IS GOING DOWN. American dollar is going down faster, than normal right now. The PESO is gaining more value than us.

BETTER BE PREPARED, WE NEED TO STOP LIVING IN A ‘WELFARE STATE’ AND THINKING EVERYTHING SHOULD BE HANDED TO US.

WE NEED MORE PEOPLE TO PROVIDE JOBS, ENTREPRENEURS, and some people who actually understand ECONOMICS AND INVESTING IN OUR GOVERNMENT.

Are you in fear of Credit Cards and Debt?

Well you shouldn’t be!  Are you building credit, having a history of credit is very very important if you want to do real estate deals.  You can of course do it without credit, but a world class investor will always have some sort of credit history.  Are you building credit history?

If you are not building credit history, you should start if you ever plan on owning a piece of real estate, or leveraging other peoples’ money.  Debt can be a double edged sword, there can be good debt, and there can be bad debt.  There are many people who keep telling me they’d rather do cash, and they don’t want to be in debt, what they are ultimately saying is the fear presence of credit cards and having debt.  They are scared that a credit card will put them in debt.

In can absolutely put you in debt, but it can also make you rich.  Learn how to use the power of credit cards, and building a credit history.  The only reason I was able to borrow $200,000 from the bank to buy a building, was because I had established a 2 year history of my borrowing money, off a credit card.   I have credit cards and no debt, when I use my credit card I pay them off immediately.

Or my friends tell me they’ll keep looking for the best credit card.  Only it really doesn’t make much different at all, unless you plan on carrying a fat load of balance on your credit card.  I don’t care if the interest is 100% APR a year, because for me I pay it off, I don’t pay interest. Now of course, I probably would get another card that wasn’t the highest, but in my opinion for just building credit you don’t need to nickle and dime your interest rate unless you are planning on being in DEBT and not paying off your remaining credit card balances at the end of the month.  Unless you plan on spending more than you are making and go into debt and really screw yourself for sometime.

Hey, we just purchased a $220,000 house, using OPM other people’s money.  How long is it going to take u to save $220,000.  I wana pay cash?  Ok wait 10 years to save up that much and pay cash for the house, by that time we who use leverage will be financially indepedent by the time u buy your first house, and have to SAVE all of your money to buy a house.

I’ve probably said this scenario acouple times, but it is key.  A person who understands the power of debt leverage will get ahead financially far beyond someone who does not UNDERSTAND the power of debt leverage.  Live in appreication of debt, and use it, don’t fear it.  Cutting up your credit cards won’t make you happen, that just makes you miserable.  And I’ve done it before.

Now I’m not suggesting get in debt, I’am suggesting be wise, learn, understand debt leverage so you can make educated moves.

Another way Bryan and I are using debt leverage with BW Online, Inc is getting 0% APR credit cards, on balance transfers for 12 months, and then lending the borrowed money out at 25% APR on prosper.com.

Making money out of thin airs, learn how to use debt leverage to help you financially, or else it will be a slow process becoming financially indepedent, seriously.

Have you seen HDR Images Before?

HDR imaging is a process, well I’m not a photographer, but they take different exposures of the same picture and then combine it into one.  I saw this about 6 months ago when my friend Cam showed me, idk why I’m posting, but they are very interesting if you have never seen them before.  Take a look:

Wild hu? To see more HDR pictures you can goto flickr.

http://www.flickr.com/groups/hdr/pool/