How much money could you make with $1,000?

[ChunkyMonkey]

ChunkyMonkey. I appreciate your education on commercial real estate, but you should compare pro vs pro before bashing "wall street investors"
I usually just bring ideas here for 1000 investment challenge, and not post how big my wee wee is. However, hearing about wall st comment, I had to do this.
This is just a taste of what I will be posting 2000% gain on S CALL next week when you post about your commercial real estate sale (plus not knowing pro vs amateur wall st investors).

Evidence of Sprint 4 Out-of-Money-Call purchases on social media (blog) and chart. I paid about .11 cents (mar)?
Since it is now 5.15, I get 1.15 on my pocket for .11 cents invested? hahaha
(almost 1100% in 60days).

People like me must post stuff like this (evidences) on public blog/social media to cover my ass from...

Evidences submitted. (deleted/erased some specific option strategies on FB post. No free lunch)


ETA: One more thing to add. Please don't say "historical bull market" "any noob can do that". I am dying to short the near all time high market within 8-16mo, and I did better during the bear market.
Due to lower buying power at bear market, It is hard to believe to some intermediate investors who had 5+ career at a financial sector as CFA or CMT. However, if you look at the abs dP/dt, change is more aggressive than bull market slopes at lower dV.

It has been long time. I actually sold another rental resulted in this. My estimated capital gain tax was $58k that year. I don't keep track afterward.

Here is the thing. It's very common to gain over 1000% in real estate.. E.g I put $5000 down on a house on King and 3rd and got hard money loan for the purchase and fix. Sold it 8 months later and profited $98000. My ROI is close to 2000%.

Portfolio holding yield much higher.. What's few pennies earnings on each share (e.g my citi stock worth $50s earning only 9 pennies) is nothing compared to say $10k Downpayment on a rental unit and earning $500-600 profit a month or $7200 a year on that initial $10k investment. That's not counting the capital gain that stock guys love so much.

I am glad you are on something good to grow your money. I am lazy, I don't have the time or energy to get into stock and actually 'work.' My current venture is to open a gun store to feed my weekend fun.


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[ChunkyMonkey]

I currently have excellent credit, however, I just refinanced my house in the last month. I need a new credit card to get something going. Does anyone know if the hard inquiry for my refinance will pull my score down enough that I won't be able to be approved for a card that requires excellent credit?
Alternatively, I've started a business, and could also apply for a business card. When setting up a business line of credit, is my personal credit worthiness considered, or just that of my brand new business?

Timing. During which your old mortgage shows paid off and your new one hasn't shown, you credit gain many points. It will drop back down a bit on the new mortgage until you show few payments.

Edit: quick business credit tip.. Get your D&B account going then get store credit under the business. Few stores that I know approve 2k-5k and report the activity to your business credit file is Staples and SAMs.

It takes a year or so to build up credit for your biz. It has been 3 months for damagefactory.. And we already got approved for $50k or more line of credit.

Good luck


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[Superorb]

I currently have excellent credit, however, I just refinanced my house in the last month. I need a new credit card to get something going. Does anyone know if the hard inquiry for my refinance will pull my score down enough that I won't be able to be approved for a card that requires excellent credit?
Alternatively, I've started a business, and could also apply for a business card. When setting up a business line of credit, is my personal credit worthiness considered, or just that of my brand new business?

How many hard inquiries do you have on your credit files? Anything under 2-3 with a good credit score (740+) and you can get almost any CC out there. Biz CCs will pull your personal credit file to make their decision, but once you get the card any balances will not show up on your personal credit file. At one point I had 18 open credit cards, and my score actually went up due to my utilization percentage going down with the new found credit line across accounts. I apply for CCs several times a year for the miles and points, and my score is an 812-816 at all 3 agencies. We were able to do a 4 week around the world trip to 13 cities and 9 countries for free. All we paid for was food and entertainment. Planes, trains, and hotels were all paid with points, and we flew business class on Lufthansa, Thai, Air China, and United. (Los Angeles, Amsterdam, Brussels, London, Paris, Luxembourg, Heidelberg, Frankfurt, Bangkok, Kuala Lumpur, Singapore, Monterey, and San Francisco) This summer we're doing 3 weeks to Hong Kong, Macau, Bali, and Bangkok all in Cathay Pacific first class. That's over $50k in flights for under $300 in taxes and fees. Last year's flights were only $28k + $175 in taxes and fees.

What card(s) are you looking at?

[MrPrena]

Yeah, glad that you are doing good at real estate.

It is extremely common to gain over 1000% in options within 3month. Sometimes you will see 10,000%. KEY WORD IS "YOU GOTTA KNOW WHAT YOU ARE DOING"


Yeah, I am lazy too, and I don't have time to sit around trying to "borrow" money at the bank. Those mortgage (or lending) process is pain in the butt.
You are confusing investor/trader with "full time brokers" who sits around and watch the stock and cold call.
I rarely sit at the computer now. I am not a day trader.
I think my time doing financial analysis is probably less time than some residential/commercial real estate investors spends on zillow/commercial website.

This post reminds me of on the car forums (renntechandM3post). Making it short, one kid onRenntech who brag about how much he makes on commercial real estate got hammered by securities investor "big doggs"
I wonder why there are not too many real estate billionaire tycoon relative to hedge fund billionaire. (Wynn made his hotel into public too to become a billioanire) HEHE

ETA: reference to Citi Stock. Owning a Citi stock is like having 1acre of raw land on the boarder of WY and CO. It will not go anywhere.

It has been long time. I actually sold another rental resulted in this. My estimated capital gain tax was $58k that year. I don't keep track afterward.

Here is the thing. It's very common to gain over 1000% in real estate.. E.g I put $5000 down on a house on King and 3rd and got hard money loan for the purchase and fix. Sold it 8 months later and profited $98000. My ROI is close to 2000%.

Portfolio holding yield much higher.. What's few pennies earnings on each share (e.g my citi stock worth $50s earning only 9 pennies) is nothing compared to say $10k Downpayment on a rental unit and earning $500-600 profit a month or $7200 a year on that initial $10k investment. That's not counting the capital gain that stock guys love so much.

I am glad you are on something good to grow your money. I am lazy, I don't have the time or energy to get into stock and actually 'work.' My current venture is to open a gun store to feed my weekend fun.


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[sroz]

So Chunky, when can we expect the grand opening of the gun store? And what location are you thinking?

[RonMexico]

MrPrena,
I don't think Chunky was attacking you or your way of making money. I think most members on this board prefer to have assets that are tangible, as most of us like firearms, gold/silver, property/real estate among other things.
Chunky is a great guy and has help me and I have helped him. First, I was finishing up school while waiting to relocation for my career and chunky knew I has a rental for 10 years, so he asked if I could help him flip/renovate a few of his projects. He personally, gave me 1-5k to make simple yet effective modifications and to make sure the jobs were done correctly yet efficiently. After just weeks or a month, chunky would show me his closing numbers and I was shocked to see how easy or quick money could be made in the current real estate market. Now, to my house: chunky with a few of his connections was able to help me make modifications to my house that cost only several $$$ but I return added $$$$. This spring I will be installing a brand new AC with new wiring and pipe for under 1k.... I am stoked bc I know this will add 3-5k worth of value to my rental or $150 more in rental income. Hopefully in the next decade, my Gf and I can buy one or two properties and expand our real estate portfolio to chunky's level.

Overall, if anyone on this board is looking at a property, please contact chunky monkey as he truly know what he is doing.

[Irving]

How many hard inquiries do you have on your credit files? Anything under 2-3 with a good credit score (740+) and you can get almost any CC out there. Biz CCs will pull your personal credit file to make their decision, but once you get the card any balances will not show up on your personal credit file. At one point I had 18 open credit cards, and my score actually went up due to my utilization percentage going down with the new found credit line across accounts. I apply for CCs several times a year for the miles and points, and my score is an 812-816 at all 3 agencies. We were able to do a 4 week around the world trip to 13 cities and 9 countries for free. All we paid for was food and entertainment. Planes, trains, and hotels were all paid with points, and we flew business class on Lufthansa, Thai, Air China, and United. (Los Angeles, Amsterdam, Brussels, London, Paris, Luxembourg, Heidelberg, Frankfurt, Bangkok, Kuala Lumpur, Singapore, Monterey, and San Francisco) This summer we're doing 3 weeks to Hong Kong, Macau, Bali, and Bangkok all in Cathay Pacific first class. That's over $50k in flights for under $300 in taxes and fees. Last year's flights were only $28k + $175 in taxes and fees.

What card(s) are you looking at?

All I'm after is something that allows 0% interest balance transfers. I have enough freed up credit on current cards to buy what I need, and income from that purchase will ideally pay itself off in 12 months. If not, I can afford paying off the total amount in 12-15 months at 0% interest with my normal income if I need to. The card isn't that important because for the most part, I'll never really use it except for holding the initial debt.

Now, I post about this here because I know I'm approaching this from a personal expense stand point, and there are probably better ways to accomplish what I want. I value the input from everyone so far. I feel like I'm not transitioning into the business mindset quick enough, so I'll probably set up lunch with Chunky and/or some other business owners to show me the ropes.

[RonMexico]

So Chunky, when can we expect the grand opening of the gun store? And what location are you thinking?

The online store is up and running www.Damagefactory.com
To get the name out there we currently have a $10 Bushmaster raffle, check it out.
http://damagefactory.com/?product_tag=raffle

Store front will be in the same building as the current office- I-25/Orchard

[Superorb]

All I'm after is something that allows 0% interest balance transfers. I have enough freed up credit on current cards to buy what I need, and income from that purchase will ideally pay itself off in 12 months. If not, I can afford paying off the total amount in 12-15 months at 0% interest with my normal income if I need to. The card isn't that important because for the most part, I'll never really use it except for holding the initial debt.

The Chase Ink Cash Biz card has a 0% for 12 months offer right now. I have the premium, charge card version of that card and love it. It's my primary Biz card.

[Irving]

I found one for 15 months, but don't have the info on me at the moment. Probably what I'll go with.