Numbers and marketing whiz by day, Seed investor and advisor of a startup, and financial consultant at night, Author seeking publication and marketing, but that's a drain on finances right now.
I can club more than my budget right now but don't really care to. Maybe I will in the future.
I was able to take a small loan from my family and start a real estate business. We do reasonably well, but there were times when I tried to diversify our property types.....but it didn't work out. Luckily, the way bankruptcy works in the U.S, we escaped relatively unscathed.
The family has also been able to leverage our name. We license the family name for additional income and visibility. This has really helped in gaining a foothold in politics. Now I understand why there are so many lawyers in politics, you actually need to have a firm understanding of how the law works.....especially Constitutional law! Anyway, I'm trying my best to get better at it.....but it's really hard. Perhaps I'll just go back to real estate.
^ I thought about rental property but the Boston area is so expensive, even with these interest rates, that it makes little sense. Even before considering the time and money cost of property management.
I get purely passive income from stocks. If I'm going to trade time for money, I can do consulting for a good rate (I'm very specialized). I also have my startup. Most fail, of course, but if I get a good exit I'll be up to my eyeballs in tits.
Jaybud are you mocking Trump with your post above?
Puddy, renting is profitable. Irrespective of interest rates and the other factors you mention. I dont follow why it wouldn’t be worth it. The only thing is the rent rates dont go up correspondingly with the house value. So in most cases its better to rent out 10 units worth 300k each, than a single unit worth 3 million.
@RMD - You're not getting a broom closet for 300k around here. A "handyman special" 3 unit in a bad neighborhood here is over a million. If I lived in parts of the Midwest or South it might be a better proposition. I also believe in investing in what you know. For me that's the capital markets.
26 comments
I agree with WiseToo. Quality is too low today. Besides, I’ve moved to a strip club wasteland
Seed investor and advisor of a startup, and financial consultant at night,
Author seeking publication and marketing, but that's a drain on finances right now.
I can club more than my budget right now but don't really care to. Maybe I will in the future.
The family has also been able to leverage our name. We license the family name for additional income and visibility. This has really helped in gaining a foothold in politics. Now I understand why there are so many lawyers in politics, you actually need to have a firm understanding of how the law works.....especially Constitutional law! Anyway, I'm trying my best to get better at it.....but it's really hard. Perhaps I'll just go back to real estate.
I get purely passive income from stocks. If I'm going to trade time for money, I can do consulting for a good rate (I'm very specialized). I also have my startup. Most fail, of course, but if I get a good exit I'll be up to my eyeballs in tits.
Puddy, renting is profitable. Irrespective of interest rates and the other factors you mention. I dont follow why it wouldn’t be worth it. The only thing is the rent rates dont go up correspondingly with the house value. So in most cases its better to rent out 10 units worth 300k each, than a single unit worth 3 million.
Yes.
@puddy
I like dividends as well.
Missionary or 69 may have more challenges 🤔
I’m a real professional strip club reviewerer.