Where to invest a shitload of cash?

[ChunkyMonkey]

Many charge 4-5% origination for hard money. Sometimes the mortgage broker gets most of it, all depends on the agreement.

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.

Almost forgot to mention that 1-2 year balloon is also the standard.


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[Circuits]

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!

[ChunkyMonkey]

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!

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!

[10mm-man]

I had with US Bank when they found out I was an evil gun dealer and closed all my accounts on me.

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.

Can you elaborate?

[Ranger353]

My pocket is available. Just saying...

[BushMasterBoy]

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

[SamuraiCO]

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.

[Jamnanc]

Has anybody said you should buy a bunch of $600 ar15's and wait to sell until until the 16 election?

[Great-Kazoo]

it's seasonal. however there's very good money in renting pull behind campers. End of season everyone is always looking to upgrade.

[rondog]

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.