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Author Topic: Only open if you are Getbig Financial Elite...  (Read 5057 times)
OneMoreRep
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« Reply #50 on: July 26, 2012, 09:38:02 AM »

Not trolling at all. It is how I became rich.

You need to buy in the right area, San Diego, Manhattan, etc and not El Paso Texas or Riverside CA.


You do know that the average (as in a random walk-up building with no amenities) 1-bedroom apartment in Manhattan, will cost you way over a million dollars, right?

...and, you also know that most New York banks will expect you to put down at least a 20% down payment on the property, unless you have excellent credit and substantial collateral in place, right?

Assuming, Wiggs wants to actually use that 300K wisely, putting down 200K+ to purchase a 1-bedroom (or studio) in Manhattan, would be very, very foolish.  As an owner of Manhattan property (only apartments in Manhattan - There aren't any houses), you will have to pay your Mortgage + Property taxes + Association fees.  You would have to rent that measly 1-bedroom out at a ridiculous rate in order to make any money back.  People (regardless of their circumstances) aren't willing to pay that kind of rent for a 1-bedroom anymore.  Not to mention that a 1-bedroom apartment in a true luxury building will EASILY cost you over 2 million.

Manhattan's real estate market is not the place to pretend to buy property in with solely 300K.

"1"
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« Reply #51 on: July 26, 2012, 10:57:07 AM »

either invest in your education or save the money untill you find an investment that makes sense. jumping into real estate does sound good, but dont just buy the first thing you find if your going to do that. wait a bit. be patient. make lots of real low ball offers. cant hurt, and maybe one of them will get accepted.
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« Reply #52 on: July 26, 2012, 11:00:02 AM »

You do know that the average (as in a random walk-up building with no amenities) 1-bedroom apartment in Manhattan, will cost you way over a million dollars, right?

...and, you also know that most New York banks will expect you to put down at least a 20% down payment on the property, unless you have excellent credit and substantial collateral in place, right?

Assuming, Wiggs wants to actually use that 300K wisely, putting down 200K+ to purchase a 1-bedroom (or studio) in Manhattan, would be very, very foolish.  As an owner of Manhattan property (only apartments in Manhattan - There aren't any houses), you will have to pay your Mortgage + Property taxes + Association fees.  You would have to rent that measly 1-bedroom out at a ridiculous rate in order to make any money back.  People (regardless of their circumstances) aren't willing to pay that kind of rent for a 1-bedroom anymore.  Not to mention that a 1-bedroom apartment in a true luxury building will EASILY cost you over 2 million.

Manhattan's real estate market is not the place to pretend to buy property in with solely 300K.

"1"
I went to NYC last year and occasionally would see realtors have listings on their windows, and my friggen god.. I always knew NYC was expensive but I nearly shit myself. The cost of a house or apartment was literally 10x what it would be here.
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« Reply #53 on: July 26, 2012, 12:21:29 PM »

Porn stars and blow, and then a house, in that order.

You better reverse one and two if you wanna keep porn stars interested
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« Reply #54 on: July 26, 2012, 12:27:24 PM »

I hope this guy is trolling...

This is the sort of information people listened to 5 years ago & now are upside down on their investments.


X2
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« Reply #55 on: July 26, 2012, 12:36:41 PM »

dont know how guys keep thier cocks hard doing coke Huh my rod use to shrivel up and hide in my pubic hair when i did that stuff. i use to take a handfull of viagra and that didnt do shit either, it makes u horny as hell which is torture if u cant get it up
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R
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« Reply #56 on: July 26, 2012, 12:42:04 PM »

a.k.a. Jew, true German (not fake ass wanna-be American German), If you are a brown you must at minimum be Kshatriya in the caste system, Asian (only Japanese or a wealthy South Korean) and honorable mention, Bay.

Lets say you came across some money and after you paid off all your debt, you had $300,000.  It's you, no wife and no children and you're still young. What should you do next?  
I would think, establishing a 6 month emergency fund.  After that I really can't say.  

Should one take out a mortgage on a house?
Find a financial advisor?
Buy 300k worth ice and rims? Grin
Hookers and blow?
Gold and Silver?
Complete 2012 Bunker?
Open a Franchise or small business?

I'd like real answers please.  And please remember, only Getbig financial Elite...Thank you

And before it gets asked, "it's none of your business."...

Coke and hookers! With 300K you can get some high class whores, but stick to the crack whores, way more bang for your buck
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« Reply #57 on: July 26, 2012, 12:48:59 PM »

Create as much independency from banks and stuff as possible...
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« Reply #58 on: July 26, 2012, 01:15:01 PM »

Interesting posts 1.

You work in the finance world, right?  What's your position again... I forget?
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« Reply #59 on: July 26, 2012, 01:19:41 PM »

Interesting posts 1.
  What's your position again... I forget?
Judging from the SMM owning...I would say "1" is usually on TOP Cool
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The Abdominal Snoman
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« Reply #60 on: July 26, 2012, 01:44:53 PM »

dont know how guys keep thier cocks hard doing coke Huh my rod use to shrivel up and hide in my pubic hair when i did that stuff. i use to take a handfull of viagra and that didnt do shit either, it makes u horny as hell which is torture if u cant get it up

So true...I always thought that any guy who could do endless amounts of coke and still get wood was most likely some sort of fukcing creepo pervert who needs to jerk off 5 times a day everyday. Keep these types of people away from kids.
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« Reply #61 on: July 26, 2012, 01:54:38 PM »

get some rental properties that are already in good shape/ foreclosures
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« Reply #62 on: July 26, 2012, 02:36:03 PM »

Interesting posts 1.

You work in the finance world, right?  What's your position again... I forget?

I am currently a trader at a boutique hedge fund. 

Aside from my day job, my family and I are largely vested in the realm of accounting, whereby we own a few offices that service small-medium sized local business.  Like that of an H&R block, we have a small number of offices scattered throughout the NYC area that serve many local Israeli & Greek businesses (a large number of diners, hardware stores, Jewelry shops, fabric shops, supermarkets, liquor stores etc.).

I won't claim to be some rich tycoon with the world in his palm.  On the contrary, I am just a hardworking individual who has been blessed with good fortune throughout life and played it very safe when it came to money.  I am also very blessed in having a great husband who is highly ambitious as well.

"1"

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« Reply #63 on: July 26, 2012, 02:40:02 PM »

I am currently a trader at a boutique hedge fund. 

Aside from my day job, my family and I are largely vested in the realm of accounting, whereby we own a few offices that service small-medium sized local business.  Like that of an H&R block, we have a small number of offices scattered throughout the NYC area that serve many local Israeli & Greek businesses (a large number of diners, hardware stores, Jewelry shops, fabric shops, supermarkets, liquor stores etc.).

I won't claim to be some rich tycoon with the world in his palm.  On the contrary, I am just a hardworking individual who has been blessed with good fortune throughout life and played it very safe when it came to money.  I am also very blessed in having a great husband who is highly ambitious as well.

"1"


Outed.
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« Reply #64 on: July 26, 2012, 02:46:22 PM »

I am currently a trader at a boutique hedge fund. 

Aside from my day job, my family and I are largely vested in the realm of accounting, whereby we own a few offices that service small-medium sized local business.  Like that of an H&R block, we have a small number of offices scattered throughout the NYC area that serve many local Israeli & Greek businesses (a large number of diners, hardware stores, Jewelry shops, fabric shops, supermarkets, liquor stores etc.).

I won't claim to be some rich tycoon with the world in his palm.  On the contrary, I am just a hardworking individual who has been blessed with good fortune throughout life and played it very safe when it came to money.  I am also very blessed in having a great husband who is highly ambitious as well.

"1"


Technical trader?
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« Reply #65 on: July 26, 2012, 02:48:57 PM »

Lets say you came across some money and after you paid off all your debt, you had $300,000.  It's you, no wife and no children and you're still young. What should you do next?

Ron pays you this to post? Tito24 gets 600K
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« Reply #66 on: July 26, 2012, 02:50:07 PM »

Technical trader?

I am a fundamental trader.  I am not as anal as it would require to do technical trading.

"1"

P.S. I am not too fond of technical traders, I find that a lot of their tactics are bullshit sprinkled with heavy chart and regression analysis.
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« Reply #67 on: July 26, 2012, 02:52:00 PM »

  Why not put it in a tax haven bank?
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« Reply #68 on: July 26, 2012, 02:53:47 PM »

I am a fundamental trader.  I am not as anal as it would require to do technical trading.

"1"
Pun intended, or prolapse?
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« Reply #69 on: July 26, 2012, 03:08:40 PM »

I am a fundamental trader.  I am not as anal as it would require to do technical trading.

"1"

P.S. I am not too fond of technical traders, I find that a lot of their tactics are bullshit sprinkled with heavy chart and regression analysis.
You're able to day trade off fundamentals or are you strictly longer term holds?

It's an art form. Not for everyone, but without I could not navigate the market
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« Reply #70 on: July 26, 2012, 04:30:18 PM »

You're able to day trade off fundamentals or are you strictly longer term holds?

It's an art form. Not for everyone, but without I could not navigate the market

If you want to be specific, you could call me a swing trader, which is just a fundamentalist with a long term hold approach.

If you do well as a technical trader, good for you.  I have many friends that are technical traders and are extremely wealthy and typically spot on when it comes to their trades.

That said, maybe it's because I am a little older and was taught from an old crop of taders that I identify and practice fundamentalist trading.

"1"
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« Reply #71 on: July 26, 2012, 04:59:04 PM »

Buy foreclosures, get permission to fix them before escrow closes unload soon after.
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« Reply #72 on: July 26, 2012, 05:00:39 PM »

Buy foreclosures, get permission to fix them before escrow closes unload soon after.

You have much luck with foreclosures?

I've found that when trying to buy foreclosed homes, you usually have to outbid othr buyers to get the property and sometimes it sells for as much as 10% less of the actual going market rate.

"1"
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« Reply #73 on: July 26, 2012, 05:08:06 PM »

You have much luck with foreclosures?

I've found that when trying to buy foreclosed homes, you usually have to outbid othr buyers to get the property and sometimes it sells for as much as 10% less of the actual going market rate.

"1"

No, I have clients who do it for a living. They tell me how they do.it.court.
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« Reply #74 on: July 26, 2012, 05:24:51 PM »

I would be careful about buying houses in Vegas right now. They are priced right but a lot of cash buyers are having trouble finding tenants simply because so many people have left Vegas due to the tough job market.
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