bonds? that's around 3% right?

Would love to send you 10% year after year and keep everything over. But it makes no difference, you wouldn't trust me with $20,000 much less a million or 3.

Here's to finding your 10%.
:glugglug

capital secured growth funds

you never did send me that email you said you would :)

Man I thought you were ignoring me! Damn Time Warner and their screwed up email, I'll send it again. :(

By the way, real estate is definately nice here. My friends $50,000 property brings in just over $1000 a month and you can do much better than that even. You should check somewhere that isn't so overpriced already.

no email...

50K = 1K/month is incredible.

but cheap property doesn't mean anything, by itself.... :)

It's just the market here. He had to turn down a $30,000 house recently because of no capital. It rents for $600 as is and it's not in the best shape. Everything around rents for a decent amount because of the air force base we have but the prices to purchase are way out of whack in comparison to most of the country. You could probably buy 20 $30,000 to $40,000 properties this month that rent for $550 to $650.

And the funniest thing of all around here, a $5000 used trailer in a trailer park rents for $400 to $600 as well. :1orglaugh

what's your email quiet ? was going to send the answer to something you asked me a week back

Diversify..stocks, bonds, mutual funds, 401k, real estate (income properties, commercial and residential) and create budget for yourself that you can adhere to comfortably, yet strictly. Don't over-extend or over-leverage yourself and create too many liabilities.

Of course, once you've become a millionaire you will also have a substantial and steady cash flow as well.

30k and 50k for houses??? where the fuck are you guys????

cheapest house i had ever shown was 68k, and the only way to make it livable was to tear it down and start over. and it was in the ghetto.

Quiet
I know a guy who makes 12% on hard cash loans for property
Mostly commercial/land stuff over 10% down

He has 20+ mil out there. Made all his money on stocks but doesnt want the risk now days

sounds wonderful, which is also the problem.

ultraquiet at mac dot com

plus the value that the houses go up over time. if i really did get all that $ and i had a lot of time to put into it, i would more like buy 50-75 all with mortgages and use most of the million for the down payments and use some for minimal work on the houses and make sure i save a lot for the payments when i dont have renters and if anything goes wrong. that way the renters are paying your mortgage and you make a small profit. the only problem is finding the good deals on the houses, that will take a long time, you can just find 50 houses overnight.

was I supposed to ? :(

The things you own, end up owning you. It's only after you've lost everything that you're free to do anything.

http://www.tcd.ie/Clubs/Judo/durden.jpg

Louisiana. I was dead serious about $5000 trailers pulling $400 to $600 a month as well. It's crazy how different it is compared to other places but it's been like this forever. Even if you splurged for a new $20,000 trailer to rent at $500 a month you'd be making a killing. :1orglaugh

of course not :)

I love you man!

http://www.loudithfaire.com/curtain_...joeyramone.jpg

You guys keep reffering to houses under 100k where the heck is this? Midwest or ? I don't think homes in california can be found for under 250-350k....

As far as investments I like commerical properties, never been fond of stocks and bonds since you can make better returns investing in other investments.

Jump on a plane and come to Queensland but bring your cheque book with you.

Go to little places along the coast like Yeppoon and start buying waterfront houses - nothing flash - just basic 3 to 4 bedroom houses. In around five years those places are going to be worth big money.

Down here where we live a 4 bedroom house on 1/4 acre block just across the road from the beach just went for 4 million.

The owner didn't even have it on the market - a resort developer just knocked on the door and offered him the 4 mil with no haggling - a week later the cash was in his bank account.

In 5 years time Yeppoon and further north is going to go the way of this place and developers are going to be walking around with suitcases full of money.

A house like that would be going for around $A300,000 or even less atm - that's $US221,504.42 at the current exchange rate.

Long term (10 years) intrest rate is at 6.00% here and rising.. so I would go for that:thumbsup Regular intrest rate on a savings account is 3.5% ATM.

i don't quite follow you, but if you want to spread the info ultraquiet at mac dot com...

6% interest rate where? you mean a bank account?

Why don't you buy everything there is at your place? damn I would be all over it!

I think knowing when to take the money you earn and run is as important as making it.

:2 cents:

Yep in a 10 years savings account (blocked). Fully insured. Rates are between 5.5$ and 6$ in Belgium. (edit: if you keep the money in your account for 10+ years)

retain?

retirement savings plans.
bonds.
mutual funds.
hollow matress

What ever works for you.

One thing to consider is franchising yourself, or what you do. Earn a % off those you can trust to have doing what you do.... if 5 people can get to even 50% of the earning potential you can get, and you're making a % from each, you can do very well for yourself without ever lifting a finger.

get my last 2 email quiet ?

i agree Queensland is the place to be, i would still suggest
checking out the gold coast while you're there. It hasn't been Australia's fastes growing city the last 10years for nothing
:2 cents:

Got to agree with you there - it's the only place I've ever seen the real estate agents open at 10.30 at night and still doing business.

Still - prices are already high there whereas further north it's still a good time to buy low and watch your investment appreciate.

Spread your investments, property, gold, shares, bonds, mutual funds. And make sure you live withing the profits.

As you said making the money is the easy part, resisting the urge to spend iit is hte hard part. I like to see the figure in our deposit account go up faster than inflation.

and you live in detroit? are you kidding? what part of detroit do you live in?

I dunno where Yeppoon is, but anywhere around Port Douglas is damn nice!! Thinking seriously about getting a place there.

i'm investing in typein adult names. If you do your research you can find names that will return >50% in the first year.. and after you've made your initial investment back they're pretty much a cash cow. Of course risks are like those in adult, visa stops processing?, people stop typing in?!

Of course you're probably wanting to diversify out of internet porn :)

oversee this 'job'


don't get stuck on the 'independence' level of:

1) dependence
2) independence
3) interdependence...




ok ok ok, I'm having too much fun quoting book derived concepts this morning ;)

PS: this one is from one of Covey's books...

I agree. Gotta invest some money in real estate, always a GOOD profit.

quiet, it's not cool to play the 'playah'. It's stupid, actually.

Invest it and make 2 millions :thumbsup

It takes money to make money. It's way easier to keep it than make it to begin with. Now that I have it, I have investements working for me that I don't even need to touch and they pay all my bills. My income just adds to my bank account.

Student accomadation is a good profitable business. Get someone to oversea your properties and you will make a fair amount.

have you considered loan sharking? Get some of that money on the street and mae it work for you. :)

invest! Make your money work for you not you work for your money!

Sell some more porn :thumbsup

Quiet, you ever goto Whistler in the Summer?

Here is the plan that works for me here.

Renting out rooms in houses. You can get a 5-6 bedroom house in Philly that are in decent areas for $20k - $40k. I've got one for 10k in a more industrial area that has 8 bedrooms.

1. $100 a week for a room.

2. $10 per week for a ethernet drop off the cable modem ( 8 port linksys, lol )

3. $20 a month for " colo space " aka - basement storage in a 6X10 wire cage area in the basement. Padlock included.

4. One time $10 fee to provide a pallet to keep your gear off the basement floor.

What is provided.

1. Cable TV / hot water / heat / laundry facilites / power / safe environment.

For the tennants we get ( halfway house vets, etc ) this is the most stable place they have to go to and are fantastic people. Sure they have made mistakes, but, also, I get people that pay on time and if they dont, just hit the bricks that night.

Here is the bottom line.

10k house - note is $117.00 a month
utiliites average --- $700.00 a month
misc costs brings it to about a thousand a month.

The tennats are paying

$3200.00 a month in rents ( 8 rooms at $100 per week )
$200 a month in cable modem ethernet drops
$400 a month in storage space fees.

$3800.00 a month / $2800.00 a month profit.

Rooming houses make the world go round...
:thumbsup :thumbsup

with $1mil + in the bank, the possibilities are endless.

I will let u know as soon as i made one:winkwink:

that is the truth

damn i thought houses in detroit were cheap.... isnt it hard to find people to rent the house and worry about them paying, etc... or do you hire that out?

start a poker site :)

McDonalds franchise's :winkwink:

or if you can find someone you can trust who has experience in real esate try developing instead of just renting out.
buy a property in a new estate, subdivide, build houses, sell and move on