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Well this ain't a startup with VC funding. How long can you reasonably have negative cashflow like this before you personally go bankrupt?
by adamsmith143 4y ago
Well this ain't a startup with VC funding. How long can you reasonably have negative cashflow like this before you personally go bankrupt?
- Supermancho 4y agoLand is often leveraged by creation of negative (or net neutral) commercial enterprises to gamify population growth (and inflation). eg https://www.silverstarcarwashes.com/latest-news/silverstar-car-wash-breaks-ground-on-three-new-locations-in-fargo/ https://www.silverstarcarwashes.com/latest-news/silverstar-c... (this is of 6 planned) Because of the city tax conditions and depreciation schemes available, enough capital will turn a net negative run cost into a positive capital sale in less than 10 years. It's the same thing as flat asphalt parking lot developments that covered southern california commercial land until the 90s. It seems to be a gamification of city growth incentives.
- adamsmith143 4y agoSo we went from buying a home to rent out to buying land and you only need to be able to sustain losses for 10 years. Ok great. I'm sure you are already a Millionaire Real Estate Developer by now.