Been sitting under my virtual mattress long enough (in the safe, actually). Any ideas where I should be laying out some spare money?
Please spare me the hookers and blow - those are fun, but they're not investments.
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Been sitting under my virtual mattress long enough (in the safe, actually). Any ideas where I should be laying out some spare money?
Please spare me the hookers and blow - those are fun, but they're not investments.
I hear that my safe is expecting serious ROI... all it needs is a great cash infusion from someone like you! :)
I do track a lot of Tech IPO and mergers, but have been off my game for a few weeks. I need to do research myself here in the next few days for my own reasons, and if anything looks really promising I'll share with you in a PM.
Buy in to a car wash, or storage business. Money lending is a nice hobby too.
From what I've seen lately, buy transferable full autos, the damn things are appreciating faster than most anything else out there. And there fricken FUN!!!
Seriously, buy an automated car wash.
Investing in guns is never a bad idea... "I have too many firearms!" -No one... Ever.
Post this on other forums to make sure you get the best possible options from the inter web folks. Personally, Ive got no wisdom to share.
This is not a joke. It's an extremely high growth rate investment.Quote:
Originally Posted by XC700116
Personally, I'd buy real estate. It's never worth nothing, and prices are still low.
Food trucks are all the craze right now. When managed correctly they bring back some big boy money. Also silver is just over $19/oz.
I worked for a car wash. Carwash express to be exact. There were days where we made $50000 slow days would make 5-10k. Overhead is not much either. Just stay away from Broomfield. The water tap permit to allow us to use city water cost $800,000.
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Looking at your sig; I would say: FFL/SOT 07/C2Quote:
Originally Posted by Circuits
You can't go wrong there!! I know I can never get enough cash to keep up with demand..... Hummm, well if you need a place to invest, I'm open. lol..
And there's one thing they aren't making any more of... land.Quote:
Originally Posted by Tim K
Except Hawaii... but I don't have the patience for that.
DO they charge some kinda rent to window repair company?Quote:
Originally Posted by drift_g35
I 've seen window repair guys around all the time at Carwash Express.
Where Is ChunkyMonkey?
No rent. We are good friends with the intended owners of insight auto glass. I don't work there anymore but am still good friends of the President of the company and they are only going up. Now would be a good time to invest in one too, its slow season for carwashes.Quote:
Originally Posted by MrPrena
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Maybe you could send a little to this guy.
https://www.ar-15.co/threads/130585-The-Flagman
The only pay out would be in your heart..........
Thanks. Good to know. I thought they paid rent.Quote:
Originally Posted by drift_g35
Hard Money Lending 12%
MJ shops. Might now be what you really want to invest in, but the shops and their anciliary businesses are some penny stocks that a lot of investors are keeping eyes on.
Max a Roth IRA annually. Taxes will go up whether we like it or not. After that, diversify.
Like my old man has always said:
"If you've lost everything in the market, real-estate, or anything else due to some unforeseen event, your problems are going to be much, much larger than the immediate loss of invested capital... And stores of ammo is always a good thing".
BIP, CLMT, TLP, ERF. Research the Bakken and who is operating there.
Wish I had that problem.....
12%? perhaps the lenders i know are charging too little.Quote:
Originally Posted by CO Hugh
This.. plus 2% origination. Want some crazier hard money portfolio? Get into minority owned liquor store, dispensary, etc etc.. Those guys would accept 24% on property backed hard money loan. [Flower]Quote:
Originally Posted by CO Hugh
Other high yield % businesses includes.. property backed hard money lender, pawnshop (240% APR or more), paycheck cash and few others. Easiest job in the world - selling money!
Medium yield and safest bet? Rental portfolio.
Quote:
Originally Posted by ChunkyMonkey
;) check cashing / payday loans
i have an awesome museum project that could really use some green backs [Flower]Quote:
Originally Posted by Circuits
Actually there's 2, transferable full autos is the other one.Quote:
Originally Posted by Ronin13
Like Tim said I wasn't joking, I never really considered it until a fellow board member mentioned it to me just this last weekend. I've started to do some digging and it's amazing how much appreciation is there, and how liquid it can be once you own it/atf forms clear.
Land is also one that I would be keyed into, but just owning land doesn't do you much good unless you want to live or recreate on it, or it holds some other intrinsic value. Ie if it's not for personal use long term, you need to do your research wisely and carefully. It can also be hard to move if you need quick cash. Yeah it can be leveraged but then you're paying someone else interest on something you already owned.
Funny you should mention full auto's, this is exactly what I did with some extra cash.Quote:
Originally Posted by XC700116
dividend stocks, land, precious metals, pay off any debt you have, contact a financial advisor
if you are one to take advantage of a situations , stock up on ammo, it wont belong before they find another reason to cause panic pricing.
Many charge 4-5% origination for hard money. Sometimes the mortgage broker gets most of it, all depends on the agreement.Quote:
Originally Posted by ChunkyMonkey
Watch out for Frank Dodd. Recently had a case and if it is an owner occupied loan there are a bunch of regulations limiting the interest rate, fees, and mandating specific disclosures.
Traditionally Loan to Value (LTV) was less than 60%.
As lender he gets 2% standard. The rest is brokers fee. Ltv is as high as 75% lately. And this against real value not purchase price.Quote:
Originally Posted by CO Hugh
Almost forgot to mention that 1-2 year balloon is also the standard.
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Nice. Some interesting ideas. The cash to invest was a liquidation of some mutual funds and CDs I had with US Bank when they found out I was an evil gun dealer and closed all my accounts on me. I transferred my checking and savings to a new bank, moved the 401k and IRA assets to the place that handles my current job's 401k, and then went downtown and cashed the check for the investment accounts. It's been almost a year and while it's been fun having stacks of green to fondle, I need to figure out something more productive to do with it.
I'm already pretty well equipped with transferrable and pre sample MGs. Got a sweet job setup so I'm not willing to leave it and put in the time starting and running a business full-time, as opposed to the side business I've been running with guns and gunsmithing.
I know nothing about this hard lending stuff or getting into payday loans. I guess I'll start scouring the inter webs for information on that stuff. Thanks!
Quote:
Originally Posted by Circuits
Don't do it yourself.. go through a hard money lender instead. They'll sell the loans per your requirement, draw the contracts, etc etc etc. The first few loans, I recommend you have a lawyer to look over all of these. The broker then sometimes service the loan, or most will let you service it yourself. If you do more than 3x a year, then DORA says RESPA rule apply on you. I know one guy who will not even come out if the loan isn't in the 500k or more since he likes to stay under DORA's radar. I also know few guys who do multiple smaller loans. These guys averaging 10% at minimum plus origination fees.
If you want a contact, I can look up few sources in town who works directly with investors, hedge fund manager etc. Each loan typically is 100k-300k on residential, or upto 2million on commercial.
As far as payday loan, go to one of the franchise 'sales' presentation to get hints what you'd be up to. My only advice is DO NOT DO IT WITH A PARTNER.
Best of luck!
I found this interesting; I asked US Bank if they had anything against "Gun manufactures". Asked if corporate had an issue. They said no, and I have been with US Bank almost 2 years now.Quote:
Originally Posted by Circuits
Can you elaborate?
[Beer]
My pocket is available. Just saying...
Commercial real estate. This parcel is on a Creek fed by Twin Lakes. Corner of highway 82 and US 24. I'd offer them 3/4th of the asking price. Oh yeah there is gold in the creek....
http://www.realtor.com/realestateand...6-94945?row=69
If your debt is paid off and your 401k set then if it were my situation I would be looking at tax free growth and income stream such as tax free muni's or whole life annunities.
These grow tax free and when you draw from them it is tax free regardless of income.
You can even borrow against the annunity (if you need new car etc) then pay yourself back.
Has anybody said you should buy a bunch of $600 ar15's and wait to sell until until the 16 election?
it's seasonal. however there's very good money in renting pull behind campers. End of season everyone is always looking to upgrade.
Although I don't have any cash to work with, I'd still love to learn as many real good investment strategies as I could! How to use what $$$ you have to make more $$$$$, without losing your a$$.
Years ago, my dad was a businessman. He and a bunch of other various businessmen formed a corporation and created a real estate co. They bought a large commercial lot, then built a state-of-the-art funeral home. The funeral home paid rent on the land to the real estate co., and all the members of the corp. made LOTS of money in dividends for a long, long time.
That's all we really know about it, we don't know what else the corp. and RE Co. may have been involved in. They weren't out to become millionaires, they all just wanted to live comfortably. They were all Depression survivors and WWII vets, and were just after security.
I wish Dad had sat us boys down and taught us what he knew about finances, but he never did. Sure would have done us all a lot of good.