join the inside and checkout the options thread.
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Free registration at the forum removes this block.Also, don't flash your cash online, it's not safe.
I wonder why so many people who used to have an INSIDERS subscription are no longer subscribed.
Is there a specific reason why you're not on the inside anymore?
I also don't really need to know details of how someone built their business, as I'm content and used to finding things out on my own.
All I can say to help is what I'm currently doing. This year my business is hopefully going to throw off 500-750k in extra profits. I'm going to invest that money into the stock market, rental real estate and into started a new business. The stock market and real estate should average approximately 10% per year growth. So with 500k in that it should be 1.5mil in 21 years. The 250k I'm going to use to set up a new business or two. They should be throwing off excess cash in 3-6 months. I contemplated just investing the money and living off the interest but I would get too bored and probably drive my wife nuts.My goal is to make it produce passive income in the future.
lol. I assure you. I have not slipped on any pee or inherited any money from no one. I am not even wealthy.
I just have a business that sells online. It is not a multi-million dollar business or anything like that but it has allowed me to work from home and do what I want financially and has given me some freedom. That is it. I am always still looking for more opportunists. From my business profits of course I use what I need for my own income but I try to take from it as little as possible for myself and so I reinvest some back into the same business to grow it and I save the other aside to have for other business opportunities. To better explain the 200k. I guess I used the wrong words buy saying it's just capital. This is a combination or personal capital saved and some of the business credit I have available.
I was really thinking of buying properties that I can flip, rent, appreciate and sale later in a low income city but after someone suggested where to find more information for this in the forum. I have been reading but to be honest with the landlord horror stories in these kinds of cities I am reconsidering it. If anyone know more about investing in these types of areas. Any advice?
Thanks for the tip. Was just looking for some advice. I definitely thought about it.
Exactly why. As suggested by others in that exact thread. Chasing new challenges and setting new goals.
I have $200k in capital. Any ideas on new startup or investments? I was thinking rental properties but have never gotten into real estate.
I always assume when people say i have x amount of money a family member died and they got money. You'd be surprised how much a single child gets if their parents died. I find it funny that people assume that someones made x amount of dollars if they're asking "what do I do with the money I made".
https://www.thefastlaneforum.com/co...onaires-option-mega-thread.66398/#post-566403Can you direct me to this options thread? Thanks
Have you read the book?I have $200k in capital. Any ideas on new startup or investments? I was thinking rental properties but have never gotten into real estate.
I always assume when people say i have x amount of money a family member died and they got money. You'd be surprised how much a single child gets if their parents died. I find it funny that people assume that someones made x amount of dollars if they're asking "what do I do with the money I made".How did you get the 200k...do that again...
If I remember correctly, you run an e-commerce business right? Why not invest in what you already know? If you business can't grow any more you could invest into more e-commerce businesses. For $200k you could buy a couple small e-commerce businesses and grow them.
Your ROI% should be a lot better than any other investment you don't know about.
Also, don't flash your cash online, it's not safe.I have $200k in capital. Any ideas on new startup or investments? I was thinking rental properties but have never gotten into real estate.
I agree with the first and last statement.Property is a considerable investment if you have, let's say, at least a few million dollars, and already have a good source of income.
Here's how my "family" did it:
"We" have bought a piece of property in a very lucky moment in 2005 for $380k and sold it in 2009 for $1.4m, because prices on property skyrocketed.
It was really lucky, because USD/RUR pair was favourably the same at about 30 RUR for 1 USD mark.
In 2015 it approached a 70 RUR for 1 USD mark, steadily growing since 4th quarter of 2013
If it would be like this in 2009 - this $1m profit would be effectively less than half due to course of dollar.
Buying this property was merely to have better apartments when things started "going good", there was no plan to ever sell it, it was just a good opportunity.
It's still nowhere near numbers coming from actual businesses and owning large portions of land. Nowhere near.
p.s. don't tell me how lucky I am, because I haven't touched a single penny coming from my so called "family" and I was struggling all the time while my parents was living luxury.
It's how less than 0.1% of people really profited. Absolute majority of people who invested in property in not so favourable time are now broke and have missed good opportunities.
So no, it won't be easy, most likely it won't even worth it and will even cross off the best possibilities for you to invest in real business opportunity.
Go get your badge...Yes I have.
I have $200k in capital. Any ideas on new startup or investments? I was thinking rental properties but have never gotten into real estate.
Property is a considerable investment if you have, let's say, at least a few million dollars, and already have a good source of income.I just have a business that sells online. It is not a multi-million dollar business or anything like that but it has allowed me to work from home and do what I want financially and has given me some freedom. That is it. I am always still looking for more opportunists. From my business profits of course I use what I need for my own income but I try to take from it as little as possible for myself and so I reinvest some back into the same business to grow it and I save the other aside to have for other business opportunities. To better explain the 200k. I guess I used the wrong words buy saying it's just capital. This is a combination or personal capital saved and some of the business credit I have available.
I was really thinking of buying properties that I can flip, rent, appreciate and sale later in a low income city but after someone suggested where to find more information for this in the forum. I have been reading but to be honest with the landlord horror stories in these kinds of cities I am reconsidering it. If anyone know more about investing in these types of areas. Any advice?
Thanks for the tip. Was just looking for some advice. I definitely thought about it.
Exactly why. As suggested by others in that exact thread. Chasing new challenges and setting new goals.
I think people mistakenly assume that property is a safe bet. It's not.I agree with the first and last statement.
[HASHTAG]#notworthit[/HASHTAG] unless you have millions to invest and can hire a property manager.
[HASHTAG]#notworthit[/HASHTAG] unless your willing to put in a full time effort to build it up to a multimillion dollar asset.
I currently manage 5 properties and it is thankless work. I am not taking any more because I don't enjoy it as much as I was once thought I would.
Renovating properties is cool and fun but it involves your time and effort.
If your dead set on real estate, research real estate crowd funding, commercial bridge loans, or REIT's.
You can get a decent return without the work.
Hope that helps.
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Yea, you would see a lot of landlords and hedgies pull out if the tax code was changed to something less favorable.I think people mistakenly assume that property is a safe bet. It's not.
Not only it requires a lot of investment, also with such political situation worldwide literally anything can happen.
Sorry 4 million I did my math wrong1.5 milli within 21 years.
I'm not here to argue, just think about how much opportunity is 500k now and how little is 1.5 milli in context of 21 years.
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