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06-27-2016, 05:39 PM | #46 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
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Posts: 23,170
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06-27-2016, 05:40 PM | #47 | |
Shit
Join Date: Jun 2008
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I buy and sell cars in all conditions. I get them running , make them halfway safe sometimes. Sometimes I sell them in a basket. But I usually make money. 3000 and two days work has turned into over ten in two weeks. And I still have a 69 camaro basket case and the 69 c10 2wd fleetside I posted in the car thread in the pics section and the trailer it's sitting on. Sometimes I have 30 or 40 vehicles sitting here and there. Just waiting for the guy who has to have it. I've had a 72 in a barn for 15 years and a guy saw the 69 in my drive and came wanting to buy it and I think I've sold the 72 to him. Bought for 50 bucks, got a title for 200 more. He offered me 3500. It cost nothing to sit in a barn I own anyways. |
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Posts: 55,715
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06-27-2016, 05:44 PM | #48 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
On all of it. I too have become a big believer in more passive investing (index funds) like DaFace mentioned. |
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Posts: 46,134
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06-27-2016, 05:45 PM | #49 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,134
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06-27-2016, 05:48 PM | #50 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
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Posts: 23,170
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06-27-2016, 05:49 PM | #51 | |
Constable of Untruths
Join Date: Oct 2010
Location: Wichita
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R8RFAN could do something similar. Use some of his cash as down payment to purchase a couple of rental properties in undervalued neighborhoods. I purchase land when the right opportunity comes along. I bought 75 acres 5 miles west of Wichita 18 years ago and leased it to a farmer. The city has now expanded to where the land is in a prime development area. It's worth anywhere from $800,000 to 1.2 million right now. |
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06-27-2016, 05:51 PM | #52 | |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
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06-27-2016, 05:54 PM | #53 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
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Posts: 23,170
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06-27-2016, 05:58 PM | #54 | |
Shit
Join Date: Jun 2008
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I buy pieces of land all over the county. Only for the right price though. Ive bought TONS of little "lake lots" in these little subdivision areas outside of town. Couple hundred bucks a piece at the most at the tax sake every year. Usually when I hang a sign one of the neighbors who keeps their yard nice (that's where scouting the area prior to the sale comes in ) jumps right on it just so they don't have to see it anymore. Edit: that's also why I have barns here and there to store cars lol. I'll buy land just because it has a nice barn and is cheap sometimes. |
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06-27-2016, 05:59 PM | #55 |
Shit
Join Date: Jun 2008
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Posts: 55,715
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06-27-2016, 06:00 PM | #56 |
Molôn Labé
Join Date: Sep 2001
Location: North Carolina
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Posts: 23,170
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06-27-2016, 06:03 PM | #57 | |
Constable of Untruths
Join Date: Oct 2010
Location: Wichita
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06-27-2016, 06:06 PM | #58 |
Shit
Join Date: Jun 2008
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I will say though I have lost sometimes on a car or two, MANY times as I was learning but 15-20 years ago the initial investment was low but the return was too.
Now if I don't know I'm gonna come out ahead I would rather just let it sit on someone else's place |
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06-27-2016, 06:11 PM | #59 | |
Shit
Join Date: Jun 2008
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But they usually have lake access. I've literally paid a couple hundred, to a couple thousand. Some are higher, I stick to the shitty ones where they haven't kept it up for years, buy it for the taxes. And make sure there's a couple nice yards around it. Cha ching. And there are also higher end areas around too. |
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06-27-2016, 06:11 PM | #60 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
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EDIT: Or I could just find the Net Worth report in Quicken. Still, it cuts out if I archive my file, so a spreadsheet will still be better long-term. Last edited by DaFace; 06-27-2016 at 06:19 PM.. |
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