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April 30, 2024
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Flipping residential homes
In this market that is at crazy levels right now?
If you can get great off-market deals on homes from people who have not renovated in 20 years or are in a distressed situation, now is a great time. In most areas there is very little inventory, and (at least in my market) most of what does hit the market is not very updated. People will pay a premium for a fully updated house in a good school district.
Once homes hit the market the price normally becomes too high to make it worth while. Being in the business as a residential broker, I flip homes all the time that I come across but I get these deals because people call me before putting it on the market. I wouldn't have those opportunities had I not been "in the business" and marketing myself.
VTI index fund
Nice call. I would put the bulk in VTI and split a small portion between Bitcoin, Ethereum, and maybe Golem or Ripple.
Vanguard 2020 Retirement Fund
put it all on black....no wait RED....no BLACK.....FUCK
Cash-only under the table weed dispensary business financing. Marijuana is still in a legal grey area even in states where it is legal because it is still illegal on a federal level, so dispensaries often struggle to get simple things like bank loans. I would charge them absurd interest rates and help make peoples' dreams come true.
*blue dreams
An entire city block in a bad neighborhood.
Depends if you want to manage actively or passively.
A KFC in South Chicago...
This business would go down in flames, KFC is terrible. Ik it was a "black ppl like fried chicken" joke but at least cite popeye's or church's or some shit. KFC? lol.
I think you should invest it in meth. You will be a billionaire in about three years. This is one of the key lessons of the documentary "Breaking Bad".
Myself
small multifamily in a good location that clearly needs work. get it at a good basis, complete the improvements, and raise rents. 1031 into a larger asset in a couple years, and repeat. that is if trump doesn't kill the 1031.
I concur, but I'd diversify a little. Split the half mil in two, leverage up the quarter mil and buy two $1M MF apartment buildings.
How do you get around the net worth requirement for the bank?
Cryptocurrency
Defensive strategies. Real estate is due for a correction. It'll start with office in major cities.
This. I like workforce housing in larger tertiary markets not run by democrats.
Hookers and Booze, excellent short term returns.
If you had $100,000.00 to invest at the age of 25, what would you invest in? (Originally Posted: 06/15/2015)
If you had $100,000.00 to invest at the age of 25, what would you invest in?
Can't argue with that logic.
Do a search as this topic has been done countless times. When I made my first pile of cash I did the following:
set aside 3-6 month emergency fund to cover living expense
paid off all high interest rate debt (eg credit cards)
bought real estate (at the top of the market!)
diversified across various low cost vanguard index funds
set aside x% of my funds to build a long term concentrated equity portfolio (10-15 names)
set aside money for my family
Obviously your decisions are affected by your risk tolerance and time horizon.
@Junkbondswap, thank you!
check out betterment/wealthfront.... but don't lob it all in at once... transfer in like 5k/month for several years
If you can invest in anything right now, what would you invest in? (Originally Posted: 10/02/2011)
If you can invest in anything right now, what would you invest in?
hookers and blow
USD/CAD
CAD up? USD down?
we have a joke going at my firm....All i want for christmas is UCAD(or USD/SGD), the gift that keeps on giving.
Ha, do you work for a spot FX desk/ prop firm? I saw a lot of your posts about a year ago and you seemed quite knowledgeable on this matter so I'm just curious.
agency mortgages
Farmland.
Leather
boiled denim and bridges
what stocks would you choose?
double long pork bellies etf
Consumer Staples Stocks.
Volatility ETN's.
cryptocurrencies
Tax liens.
200k to short several securities in this bearish market, and 300k to either issue short term debt or buy several properties in metro cities in the south.
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