"Investing" in stuff

[Benny Profane]

The guy that bought the car originally for 220k made 230k.

He titles them in MT, and pays no taxes.

That's sweet, but, the trading of expensive assets by high end dealers sent what this is about. I mean, nobody's even driving these things until they settle into the real market. Your quick flip stories pretty much prove my point. But, hey, go ahead and buy that steel, and have a fun retirement! Life is short, drive German!

[mcsquared]

Last Tuesday, I drove to a guys house and paid him 451,000 for a 2017 911R, and then Sold it Friday for 496,000.

I am a dealer, and wholesaled it, so no taxes. Car stayed at my house for 6 days.

I'm waiting to hear from my dealer friend, and might do it all over again, with a black one.

It's fine if y'all want to keep thinking there is no money in it though.

You know this isn't a reasonable nor scalable strategy for everybody. You have inside knowledge, not the illegal kind, just the right kind of connections because it is your fucking job. It would be like saying "Investing is easy. I just bought a company for $100 million, gutted it, loaded it up with debt and then sold it for $200 million. Why can't everybody do this?"

[Bobby Stainless]

You know this isn't a reasonable nor scalable strategy for everybody. You have inside knowledge, not the illegal kind, just the right kind of connections because it is your fucking job. It would be like saying "Investing is easy. I just bought a company for $100 million, gutted it, loaded it up with debt and then sold it for $200 million. Why can't everybody do this?"

I'm at a different level than most, but it's pretty easy to flip cars and make 2-3k each. That's how I got started.

I also put "ymmv" in parentheses. Rental properties are way easier.

[GeezerSteve]

Yeah, passive investing is a different animal than running a biz buying and selling things. Similarly, some people who buy a rental property soon learn that it too is running a biz. There's nothing wrong about making your money running a biz if you got the knowledge and skills to actually make money doing it, but acknowledge that running a biz is not "investing" as that term is most commonly used.

[dunfree]

You know this isn't a reasonable nor scalable strategy for everybody. You have inside knowledge, not the illegal kind, just the right kind of connections because it is your fucking job. It would be like saying "Investing is easy. I just bought a company for $100 million, gutted it, loaded it up with debt and then sold it for $200 million. Why can't everybody do this?"

The original guy who's utilizing the MT shell corporation for registering his vehicles is likely taking part in a tax scam. This wouldn't be TGR is a thread weren't derailed by someone bragging about their prowess though.

yeah, people can make money flipping cars/guitars/wine/skis. scalability/liquidity/correlation to overall economy opinions are up to the reader.

[mcsquared]

I'm at a different level than most, but it's pretty easy to flip cars and make 2-3k each. That's how I got started.

Possibly. It is also pretty easy according to some friends of mine to make a pretty good supplemental income by selling Advocare. YMMV.

[skifishbum]

my wife says packrattin tools ski and river gear aint investin

[cravenmorhead]

Somewhat tangential to your question, but I have a ski condo that my wife and I use 60+ nights a year, and we rent it out if we have availability between our stays. It doesn't make money, but it also doesn't cost us much either - rental income fell short of expenses by less than $1k last year. So assuming it appreciates in value, you could see it as a tangible investment, though it's one that takes low-grade maintenance (managing rentals, communicating with renters etc.).

[Benny Profane]

The condo I rented in Dillon the last few years was purchased in the 70s for nothing. The dude was 87, and renting it for almost 3 grand a month until the daughter got wise to Air B&B and Home away and took it off the monthly market. Ca ching.

[Telemarketeer]

Somewhat tangential to your question, but I have a ski condo that my wife and I use 60+ nights a year, and we rent it out if we have availability between our stays. It doesn't make money, but it also doesn't cost us much either - rental income fell short of expenses by less than $1k last year. So assuming it appreciates in value, you could see it as a tangible investment, though it's one that takes low-grade maintenance (managing rentals, communicating with renters etc.).

This is a good option if you can afford it and can learn to manage a rental. It isn't everyone's thing. Airbnb/vrbo has really opened this kind of thing up. We have a few rental properties that usually break even at year end, but their values have appreciated a lot over the last few years. I'e thought about moving into a van and renting our place out but the wife won't let me.

[BmillsSkier]

Possibly. It is also pretty easy according to some friends of mine to make a pretty good supplemental income by selling Advocare. YMMV.

I got the hard press one Thanksgiving about some pyramid scheme juice plus shit from my in laws as an "investment"

I excused myself to go drink bourbon on the porch till I couldn't see straight - a solid investment.

[XXX-er]

Curious on the rental property front. Are we talking long-term rental near/in a city/job center or vacation stuff?

IME you want to have RE that a lot of people want to rent right where you can keep an eye on it so you don't have hassles so IME close to town or the uni, the more well set up a basement suite is for rental (separate entrance/laundry/ good sound insulation / good parking) the less intrusive the LL and tenant are to each other, I've only had 2 tennants in >6 yrs

you might make more $$$ from an airbnb if you wana change bedsheets and stuff

its pretty easy for anybody to do, I'm betting high end sports cars or wine ... not so much

[Jong Lafitte]

Nobody has mentioned art and stuff like that, I dunno Amish furniture.... shit that you can keep around you house to make it look nice that doesn't depreciate. Stuff that will keep up with inflation rather than be totally worthless shit sitting around you house. Granted, its not an 'investment' but maybe that's why in quotes...

[Bobby Stainless]

The original guy who's utilizing the MT shell corporation for registering his vehicles is likely taking part in a tax scam.

https://www.49dollarmontanaregistere...ion/exotic-car

[54-46]

This is a good option if you can afford it and can learn to manage a rental. It isn't everyone's thing. Airbnb/vrbo has really opened this kind of thing up. We have a few rental properties that usually break even at year end, but their values have appreciated a lot over the last few years. I'e thought about moving into a van and renting our place out but the wife won't let me.

In ski country (or better winter and summer use) this can be good option. My buddy had a home in Tahoe City that he rented infrequently (holidays in winter, but rented most of summer). He charged a premium for it on VRBO. Less wear and tear than places with more turn. He ended up cash flowing it for a few years. It was work though and he had to be able to trust his housekeeping. Now, he lives in it.

[dunfree]

Jong Lafitte -
There isn't much art/furniture/furnishing that won't depreciate, especially if you buy it retail. Even if you hold it. It may provide you enjoyment, and that's worth it.

https://www.49dollarmontanaregistere...ion/exotic-car

You proved my point. Colorado has cared in the past about that scam, whether they do or do not now I don't know or really care. Plenty of other states have cracked down recently.

[twodogs]

Chickens. I get ROI everyday.

[Benny Profane]

So do millions. Tell us your angle, or stfu.

[twodogs]

Well, I got two eggs already and it's cold as shit outside. If I want breakfast, I got it.

Simple as that. It's about priorities Bunny. I got food on my table. What you got?

[exsparky]

http://machinegunpriceguide.com/asse...ages/db_BrenCR
http://machinegunpriceguide.com/asse..._FNC3.gif2.gif

If you are looking to invest in non traditional items, try fully automatic weapons. They pull more gold out of the ground every day but they haven't made a transferable automatic rifle since 1986.

You can still loose money (see the bren) or but you can make really good money (see the fnc). Either way you still get to play with it.


PS
As a former series 7 holder, any stock under $5 is a total scam. "The wolf of wall street" was real, I had flashbacks.

[Benny Profane]

How's not having to work for the rest of my life?

Priceless.

[twodogs]

How's not having to work for the rest of my life?

Priceless.

I like you so I won't go any further. Peace.

[Benny Profane]

No, go on. I can take it.

[Danno]

How's not having to work for the rest of my life?

Priceless.

No argument there, that's where I want to be.

[54-46]

To the OP - FWIW, I didn't start investing seriously until age 30 and have just been very disciplined about it for the last 20+ years. You can develop a nice portfolio of holdings if you start now and invest systematically and consistently (and have a little luck).