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Everything posted by Boarman03
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Where my fellow Doge coin billionaires at?
Boarman03 replied to firstcoueswas80's topic in The Campfire
I didn't say I was charging the maximum rent, I'm a bit of a softy. You know we are friends and you know how frugal I am. But I also am quick to help others. My wife and I had a long term plan and did without to make it happen. Nobody gave me squat. The point is, anybody can do most of what I've done. But like the majority of investments, time and educating one's self is critical to success. I've checked out the Air BnB's, and VBO's and noticed that the higher gross income gets chopped back by all of the additional fees and increased investment, management and insurance requirements. Plus, more laws are being passed to regulate them. I may still do one or two to test the final difference, but I'm sticking with my main focus that has brought me great success. I don't care what the value of the house is, I care what the net recurring revenue stream is. I'm no rocket scientist, I did get a higher than normal education although I didn't finish my degree, and I did not withdraw from my classes the last semester I attended ASU, so technically I am a college flunkout! Yes, currently, houses that I bought at $49,000 - $130,000 are worth $350,000 to $450,000. But that will drop to about half, maybe a little lower, in the next crash at the bottom. I'm old enough to have understood and experience it twice, almost three times. 1968, 1988, 2006-2008. There is a pattern. History typically repeats itself. A lot of what happened prior to 1988, except the very high interest rate is occurring now. A few years after the crash most people don't have the cash or credit to buy the bigger ticket items. Poor planning by the masses is not my fault. I'm a terrible consumer and a much better investor. Nearly every deal I ever made was available to the masses. But only a few of us put ourselves in position to close the deal. Like hunting. Not everyone can get the trophy but everyone pretty much has an equal chance. Where each person chooses to put their time to guarantee their own success is their free agency. Please don't condem me for being diligent and frugal anymore than I should condemn someone else for their trophy game. Chance always plays a part in everything but it's mostly the choices and efforts we apply that normally make the difference. For me, I have more control and safety in rentals. They have been a lot of work but I have more than most people. I don't see myself ever not working but I do see greater chances of financial security now and in the near future since I've been doing this so long (steady since 1993). In my opinion, net worth is a farce, to a great degree. If you buy a house for $50,000 and sell it 40 years later for $350, 000, you'll pay tax pretty much on the full $350,000 for long-term capital gains, plus be out the cost of selling it. You'll only wind up with about half of the $350,000 ($175,000) and you'll have to manage and protect that from the money handlers as it drops in value against inflation. So one's net worth is really about half of the gross value less any indebtedness. If I had 10 houses worth $400,000 each and no loans, then I'd really be worth about $2 million, not $4 million. If you look at $2 million in the bank at 2% interest per year, that would only yield $40,000 per year. It would take $6 million to gain $120,000 per year at 2%. At 6% interest, $2 million would gain $120,000. But, keep the revenue stream, say net $1,000 per month per house after all expenses, and have 10 houses, well $120,000 a year doesn't sound too bad in today's dollars. Have 20, obviously double the effort, and hmmmm, keep them all rented, and I like the idea of $240,000 per year that moves with inflation. Then I can take care of my medical needs and still enjoy life and really help my kids. Even just 1 or 2 houses makes a difference. Invest where you feel comfortable but please don't condem me for my honest choices. To me, my choice is much less a gamble and I'm definitely earning my money. -
I might be getting dementia, when did we have that discussion?
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I've got bigger balls but I still need them for my pistol. I might could use your smaller balls for my long stick, what value have you placed on your smaller balls?😁
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Manufacturer year? Trailer has clear clean title? Boat has clean registration? Leaks?
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Contacted me and gave email if nonexistent member.
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Wow! How old are those? They look nice but I haven't seen that type box around in years. Cool.
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It almost sounds like it would be easier to find a needle in a haystack. Perhaps getting it custom made for you will be the easiest. There are several rifle builders on here, including Todd South at Southern Xpress, that are highly recommended and may be able to help you out. He built a rifle for me and I couldn't be happier. Best of luck.
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Please Remind me, what is the good buyer list and good seller list for?
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I'll take the last 8 and work out how to get it to one of them, I'm in Mesa by Bass Pro
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Split personality? Both very nice places.
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C'est la vie!
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At first glance that sounds great. And, although I have been on the losing end with a couple of those type situations, it can be chalked up to miscommunication, misinterpretation, change of situation, etc. If a seller wants to sell everything to one person, but someone else spoke for one item first, then what? Selling and buying can involve a lot of human emotion, and I've yet to meet the perfect person. Cheating somebody by receiving payment and not delivering is one thing. Misrepresentation can be accidental and starts to get fuzzy. Hurt feelings because someone else wound up with what you thought was a good deal and you felt you had "first dibs" on I think is too subjective. That could get very messy quickly. I prefer to forgive my neighbors trespass because I may not really be seeing it correctly. Yes, I may be disappointed, but I hope I am a big boy and should be able to handle an occasional disappointment in life and not throw a tantrum. I had a situation recently regarding a rifle. I understood we had a deal. I really wanted the rifle. When he wound up trading to his friend for a gun he wanted I felt jilted. I politely communicated that I was disappointed and explained my point of view. He explained his. He got back to and said he had discussed it with his wife and she helped him understand my point of view. He apologized. We both learned something out of the situation. I could have posted something negative. What would that have solved. He's not a bad guy. I hope I'm not a bad guy. Those type of posts can encourage revenge and bad feelings. There is enough of that already in the world. I hope am not offending anyone with this post, it is not my intent. Just giving a different perspective. Russ
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I also called him right after he posted it. He must have had a lot of interest. The post said he was moving so he must be really scrambling. Sounded like a great guy.
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Double check the number you dialed. He is Not a 602 area code. Other than that, I don't know what to tell you.
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This was sold yesterday. I checked.
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Just an FYI AIM Surplus has AR 15 stripped lowers with trigger guards for $39.95.
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I'll take the stove/oven please.
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Someone has committed.
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Got an email from CouesWhitetail. Can't find the guy as a member. He gave his email address, which I won't show. I assume they removed his account.
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I normally pester Stanley when I see one. Didn't this time because it was already gone, and he only sent it to me yesterday. Kudos to CouesWhitetail, Stanley, and staff for being on top of it! Thank you guys.
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Yes, he has a lot of very neat things, and great to deal with.
