noncrypto-investing
Discord ID: 352760194775777282
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@John O - we should start a new channel aimed at RE investment. each member can have a title (ex: Acquisitions, Construction, Property Management, Sales and Marketing, etc.). With that said I am interested in buying property but we need to talk about (and agree to) a lot of things before we start throwing money at any particular asset. Also, as you know I think the market is frothy and we should sit on our hands until we get a recession of some sorts.
Of course, this is a low time preference endeavor.
We just need to be prepared to strike when the iron is hot.
I want to stay away from a mortgage, and I don't have the money to buy a property outright. I'm close, but I won't be there in the next few years. Also, I'd rather not put my entire savings into a property, so if I could collaborate with 2-4 more people, that would be ideal.
John, agreed 100%. Now is the time to build our war chest(cash) and figure out the details. Do you know how to start a new channel?
I don't know if we should start a new channel. Maybe we should start a new topic in an existing channel. I can see it dropping off and people losing interest from a lack of activity if it were autonomous.
@John M I'm definitely down for it. One thing we can use to protect each other is the fact that we're almost all in IE privately.
If one of us screwed the group over, that person's personal information would be right there.
Plus, getting kicked out of IE would really suck.
I've also been thinking that as IE grows, there would be opportunities for cohousing. I think cohousing's going to be a bigger thing as more suburban enclaves get enriched. It's the logical next step IMO
I was thinking cohousing, too, but then you get into legal trouble if we're declared a criminal organization for whatever reason. We should get a lawyer on board.
I'm in FL btw. If I leave this convo for a few days, that's why.
Oh shoot. Hope you make it through okay.
Ain't sceered
but yeah, count me in for future discussion. I have the capital and the interest
das rite
ok fuck it i am going to make a new channel and if it eventually dies it dies
and we can all discuss this stuff rather than hijacking this channel
Aight
Stay safe, btw, dude. Where you located?
i evacuated. my boss and the guy who owns by firm practically required all of us to do it
Smart
For anyone invested in IE related RE investments
^curious as to how much you need until you retire? Read the above article
@John O - Bro, where are you from? I'm not really ready to do anything big in RE, but there may come a time. Also, timing in RE is important. I've always had an interest in building though, and will be looking for the opportunities in the future, perhaps.
Florida. Join the server 2 posts above you.
Is Ric Edelman confirmed Jewish? I got a few of his books.
^if anyone is looking for good books on stock picking/analysis
benjamin graham is one of the most well respected authors in the space
^^^
Graham is the thing.
Thanks for the recs guys
Anybody else on here trade/invest in crypocurrency?
@here There is a chance I could come within possession of a $300k building in the center of Atlanta. If anyone has knowledge or advice that could help me please DM me. I intend to develope using these funds.
broke: putting the building to personal use
woke: donating it to IE for an Atlanta HQ
How did that even happen?
I want to come into possesion of a $300,000 building
Turn it into a trap house /s
That would be a profitable venture in Atlanta
Then donate 1/2 the proceeds to IE
Hold perfectly mainstream concerts for 100% politically correct rock bands.
Like Nickelback
For the lulz, don't give out the location and time of the concert until the night of.
Host a IE fundraising XXXTentacion concert
alt right fit club, of course, that aside, what type of building?
@Wotan Klan-GA I work in real estate. Curious what type of building it is? What is the immediate location like? How many stories? Acreage?
Just DMed you
lol @sigruna14 I would but it already sorta is as well as the other place
So I have been told if I donate old clothes to charity I can get a tax deduction based on the value of the clothes I have donated. Has anyone done that?
@here does anyone know how to get a mortgage when you have student loans? if anyone could DM me about this who knows mortgage stuff i would really appreciate it!
@Zyzz yes. There's a limit to what you can write off in that kind of donation, and it's pretty low. It doesn't make much of a change.
If you have lots of other deductions it's worth adding it on though.
Cool I donโt have many clothes I would give away. ~$500 value maybe. Would I be over the limit with that amount do you know?
@LLBacon#9794
i give my stuff to veterans
thereโs a truck that comes and picks it up
my family and i do it once or twice a year
you can claim it plus itโs not getting resold and profited on
@Deleted User why do you need a house right now? Why not pay down existing debt and invest/save now while renting an apt?
@Zyzz that sounds a bit high but I'm not 100% sure
@Juan Carlos it's about my parents. my student loans that they co-signed were messing up their ability to get a mortgage
sheeeeiiiitttttt, this is out of my lane. Do they have enough money to talk to a fee-only financial advisor? A competent advisor could find some solutions for them.
@Zyzz @cannoliqueen - NY#4073
I donate to goodwill.
-My Mom is a ninja at this, she goes to yard sales at the end of the day.... and asks to buy all the clothes for say $50. People generally agree, because yard sales are typically people getting rid of stuff.
-She then takes a huge pile of clothes, itemizes, folds, and takes pics of them. Then she donates them to Goodwill and gets the tax deduction for my business owner Dad.
-She secures between $10-20k deduction annually doing only this.
@Tyler0317 wow your mom is smart
@Zyzz
There's lots of ways for we men to organize the contribution of our women.
By doing this my Dad gets:
1) A wife who gets her 'shopping fix' at inexpensive yard sales
2) Tax deductions which raise the standard of living of his family
3) This income justifies having a wife who can stay at home and be caretaker to his 5 kids and coming brood of grandkids ๐
Every server in the IE network needs a Chad react
^
@Tyler0317 so awesome
This series on critical business skills looks great :)
https://www.thegreatcourses.com/courses/critical-business-skills-for-success.html
@SamanthaM#6505 Very interesting. Are you going to take the course?
@DCViking No. Just putting it out there as an opportunity. :) I'm taking the Series 7 in December and the 66 in January, so there won't be spare time for much else.
@SamanthaM Thanks for sharing. Let us know when you pass your tests ๐๐ป
Thanks so much! :)
@SamanthaM I have my series 7 and 66 so let me know if you have any questions about the tests.
Make sure you have the Options portion down pat. Both tests have lots of options questions. They are duplicative in that way. Also, make sure to study bond pricing. Neither of them are hard, it just takes a little practice. I am a former attorney but have been working in Finance for about 5 years now.
Thank you! Yes, could definitely use some help with options. Keep getting stops and limits mixed up. Also, are there any tricks to remembering when to use the federal funds rate?
Yeah, the options part can be tricky until you get the hang out it. I just memorized "Up, Down, Down, Up" and that helped to keep my thinking organized.
As for the Federal Funds Rate, I have to be honest and say that is not something I have looked at in awhile. But if memory servers, it is the rate that the Fed lends money overnight to banks.
Whoops, got that one wrong...haha...it HAS been awhile. Federal Funds Rate is the rate that banks lend deposit reserves to other banks overnight when the receiving bank won't have the deposit requirement. When the Fed wants to reduce the rates, they increase the money supply and buy government bonds. When they want to increase the rates, they sell. Lower the rates to spur the economy, raise them to cool it.
@Darth Thanks, I always forget that FFR is the interbank loan and not based on FRB. The name is seriously misleading. By the way, what study program did you use? I've got both the finra workbook and passperfect.
back when i took the 7 there was a lot on munis as well
Is the "Ruin a company with our endorsement, invest, then withdraw endorsement" a viable investment strategy, or was Papa Johns on the way down anyway?
Well, their product isn't the best. It probably doesn't have anything to do with us.
i think they had a bad earnings number which is what prompted them to criticize the NFL which is why Anglin endorsed them which prompted them to disavow us
@SamanthaM what do you do for work?
@Zyzz Recently graduated. Just signed on to a firm as a junior financial advisor. And yourself?
nice i work in RE, previously worked at an ibank where i needed my 7 and 63
Interesting. What were your experiences with the ibank? What prompted your decision to switch to RE?
Here's my plan.
1) Borrow a shit load of Bitcoin from p2p lending
2) Convert to cash
3) Bubble pops, you have cash, Bitcoin is worthless
4) Pay debnts
Question is, when will Bitcoin pop?
That's the age old question of when will x pop. If you knew, you'd be the richest man alive
I had a wallet when Bitcoin was 10$. I tried to buy 100$ worth but the payment didn't go through for some reason.
i wouldn't touch that shit @John O - it is pure speculation with (to my knowledge) no underlying demand drivers
@SamanthaM DM'ed you
@Zyzz yeah, of course. I've been saying that for years. Just kind of bullshiting
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