Sean & Catherine Lowe - Bachelor 17 - Discussion

Well, you know, SeanCat aren't my favorites, but I don't wish them ill will or anything. In their defense, I read somewhere that they are multimillionaires just from this show, DWTS, book deals, probably invenstment from their earnings. If true and if I banked like that, I don't think going back to work would be a huge priority for me either.

Lots of "probably" in that statement.
It's not my business what anyone else has in the bank and I don't care.
What I do know is living is darn expensive and most have a hard time making ends meet--even those once considered millionaires. Where I live million dollar homes are not unusual. Private parochial school is 20K a year. College --I won't go there. It's hard to buy a car for less than 30K.
A million dollars back in 1980 is not a million dollars today and simply does not go a far.

It's strange how much ambiguity there still is around what Sean does. Even hearing real estate development, what exactly is his role in it? He's such an open book in every other area. Heck we know what his wedding night was like, yet his day job is super top secret?

bleuberry wrote:It's strange how much ambiguity there still is around what Sean does. Even hearing real estate development, what exactly is his role in it? He's such an open book in every other area. Heck we know what his wedding night was like, yet his day job is super top secret?

Haha. Exactly. And this is why I personally think he's probably dabbling here and there, mostly floundering and still kind of trying to figure out what he wants to do with his life post- Bachelor. To be fair, he's not the only alum to fall in this pitfall after being on he show, he's probably just the most high profile, only difference. In the meantime, he and Catherine are living off his (likely) hefty bank account from all his paid appearances and book deal, etc. I'm guessing the kid will give him more focus to pick a solid path once and for all and (hopefully) put his professional reality tv star status to bed for good.

There's really no ambiguity. He and his partner find homes and property for sale that they want to develop, they buy it, hire people to level it and build another property, then they sell it. When you invest in stuff, there's not much to see.

bleuberry wrote:It's strange how much ambiguity there still is around what Sean does. Even hearing real estate development, what exactly is his role in it? He's such an open book in every other area. Heck we know what his wedding night was like, yet his day job is super top secret?

Didn't ya hear Sean is the one who cracked the Panama Papers situation? Thank goodness he was on the case! 

Yeah, his "investment" business is going so well, they need to air their sex life issues on Vh1. Okay. Got it.

lipsis wrote:There's really no ambiguity. He and his partner find homes and property for sale that they want to develop, they buy it, hire people to level it and build another property, then they sell it. When you invest in stuff, there's not much to see.

Yep, Lipsis, with real estate developing all you need is a home office. I think he is doing fine in the Dallas market. But it is not the kind of business that has a showy store front or needs much office space. It appears he is doing fine with his investments, but you make most of your money in a few years. You need initial money to invest and then buy and sell right, and be patient and with one sale you can make a few years wages. I hope it goes well for him and they make wise and profitable investments.

Eviebloom wrote:

lipsis wrote:There's really no ambiguity. He and his partner find homes and property for sale that they want to develop, they buy it, hire people to level it and build another property, then they sell it. When you invest in stuff, there's not much to see.

Yep, Lipsis,  with real estate developing all you need is a home office.   I think he is doing fine in the Dallas market.  But it is not the kind of business that has a showy store front or needs much office space.  It appears he is doing fine with his investments, but you make most of your money in a few years.  You need initial money to invest and then buy and sell right, and be patient and with one sale you can make a few years wages.  I hope it goes well for him and they make wise and profitable investments.

The bolded stuck out to me. I'm not sure what wages/home prices are where he lives, but in city areas of California, that wouldn't be accurate, IMO. I'm guessing the average wages around here is at least 100-150k per year. To make 300-400k profit off one sale doesn't happen. Even in Texas, I can't image the profit margin being so great that you can make a few years' wages off one sale unless you are making near minimum wage. I've admitted, I'm not a Seancat fan. I'm a workaholic and really value work ethic. I've been at the same workplace for years. I realize that's not everyone's cup of tea, but I'm just of the opinion that setting down roots with one place and working hard instead of moving around from venture to venture or job to job is more favorable/stable. I also realize that my opinion means nothing to them, it's their lives, but this is a discussion thread, so I am discussing. And, all IMO.

Mustang19 wrote:

Eviebloom wrote:

lipsis wrote:There's really no ambiguity. He and his partner find homes and property for sale that they want to develop, they buy it, hire people to level it and build another property, then they sell it. When you invest in stuff, there's not much to see.

Yep, Lipsis,  with real estate developing all you need is a home office.   I think he is doing fine in the Dallas market.  But it is not the kind of business that has a showy store front or needs much office space.  It appears he is doing fine with his investments, but you make most of your money in a few years.  You need initial money to invest and then buy and sell right, and be patient and with one sale you can make a few years wages.  I hope it goes well for him and they make wise and profitable investments.

The bolded stuck out to me. I'm not sure what wages/home prices are where he lives, but in city areas of California, that wouldn't be accurate, IMO. I'm guessing the average wages around here is at least 100-150k per year. To make 300-400k profit off one sale doesn't happen.  Even in Texas, I can't image the profit margin being so great that you can make a few years' wages off one sale unless you are making near minimum wage. I've admitted, I'm not a Seancat fan. I'm a workaholic and really value work ethic. I've been at the same workplace for years. I realize that's not everyone's cup of tea, but I'm just of the opinion that setting down roots with one place and working hard instead of moving around from venture to venture or job to job is more favorable/stable. I also realize that my opinion means nothing to them, it's their lives, but this is a discussion thread, so I am discussing. And, all IMO.

I do not know Sean and Catherine's financial position.  I read an article about the financial worth of some of the Bachelor/bachelorette stars.  Sean was in the top 7 I think... I would have to go back and find the article.  But it said that he was investing in some condo, townhouse developing.  If you get in the right time, and have good rentals, hold them a few years and sell them,  you could make a couple hundred thousand.  It said in that article that he has used some of his money to invest in these projects.  If he has a partner that  also knows the real estate business, he could do well, but those numbers will not come for a few years, and rolling higher and higher value properties.  I truly have no idea, but I think he is doing fine, and at age 30 he has a net worth a lot more than many his age.  Real estate investing is actually a lot of work when you start.... and can be a lot of worry, and guessing on the right properties.  I wish him wisdom and luck. [You must be registered and logged in to see this link.]

In that scenario (holding onto the property for years, not months) I can see that happen. I'm sure they are comfortable financially now, but like I'm always asking my kids (who are Sean and Cat's ages) what are you going to be doing when you are in your 50's? I'm less of a risk taker when it comes to jobs and livelihood. And if the market takes a dive like it recently has, who wants to spend years trying to recover? IMO.

^^^
Where Sean lives and his real estate development the housing cost starts at $500,000 to millions. The real estate in that area is not selling good at this time. More people are deciding to live in the suburbs. The hottest place to live now is Rockwall and Forney. The housing prices there can go for $150,000 to million.

Actually, the house owned by SeanCat & Jay Lowe is "pending sale" at the moment. His good buddy & "partner" Rogers is handling the sale. The profit on the sale won't be anywhere near several hundred thousand or several years' wages. No ambiguity and this isn't my opinion - it is all public record.

I don't agree that when you invest in and develop real estate, there isn't much to see and that you don't need an office. Sean's "partner" Rogers has been successful in real estate for over 10 years, has an actual company with dozens of associates and an easily verifiable / discoverable history of such. Nothing ambiguous about it.

Sean? Not so much. (This part is my opinion.)