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  1. poeticjays

    New RELEASE: Sunglasses hand-made from Bamboo.

    can you put up another coupon?
  2. poeticjays

    To my graduated NTers...

    BA in Econ/Accounting Currently: Capital Markets Consultant at a Big 4 firm
  3. poeticjays

    Credit iis Overrated (vol. Focus on your bank account)

    Credit if used correctly, is a powerful tool. I haven't paid for an overseas flight in a few years based on my credit alone.
  4. poeticjays

    The Official NBA Collective Bargaining Thread vol Phased in Hard Cap

    The owners have MUCH deeper pockets. To most of them, owning an NBA team is just a side gig. None of them got wealthy from owning their team. They all made their money elsewhere first. The players obviously don't have that luxury
  5. poeticjays

    The Official NBA Collective Bargaining Thread vol Phased in Hard Cap

    The owners have MUCH deeper pockets. To most of them, owning an NBA team is just a side gig. None of them got wealthy from owning their team. They all made their money elsewhere first. The players obviously don't have that luxury
  6. poeticjays

    REAL ESTATE INVESTING THREAD

    You do realize there are more ways to invest in real estate thatn 'flipping' right?
  7. poeticjays

    REAL ESTATE INVESTING THREAD

    Hey VaGixxer, where did you learn about the different types of real estate investment? I learned most of what I know from a college professor who basically taught us how he got rich based on the income producing properties. I have most of my capital tied up in that now, but I'd like to learn...
  8. poeticjays

    REAL ESTATE INVESTING THREAD

    The reason you can do that is because depreciation is supposed to just be deferring taxes. Not sure if you know anything about accounting but I"ll try to explain in the simplest terms possible: Say you buy a house for $500K (cash, assuming no mortgage). If you sell that same house tomorrow...
  9. poeticjays

    REAL ESTATE INVESTING THREAD

    Of course you have to educate yourself. There's no such thing as a risk-free investment (apparently not even US Treasuries..hah). But housing prices are so low now, that the rental market makes a lot of sense. Run the numbers and see for yourself. All those homeowners that foreclosed on their...
  10. poeticjays

    REAL ESTATE INVESTING THREAD

    Real estate is a local game. If you're inexperienced, don't buy property halfway across the country that you can't keep tabs on. Start by buying in markets that you're familiar with. Something might look attractive on paper, but most likely you'll run into all types of little problems that you...
  11. poeticjays

    REAL ESTATE INVESTING THREAD

    Are you familiar with the bay area? You can get a fairly new house in the Antioch/Brentwood area for about $100/sq ft. So a 2000 sq foot single family home will run you about 200K. Market rent is between 1800-2000 a month. So assuming you put 25% down (typical for an investment property), your...
  12. poeticjays

    REAL ESTATE INVESTING THREAD

    Another great thing about investing in income producing properties vs flipping are the tax benefits. When you flip, you have to pay tax on the capital gains. When you invest in an income producing property, you can take depreciation on the property every year, so its possible to report a new...
  13. poeticjays

    REAL ESTATE INVESTING THREAD

    You know rents have dipped in the last year?  People are sharing dwellings due to the economy.  You up the rent, tenants will up and leave. If you're trying to flip, make a quick buck, then yea, it's not a great time. I'm talking about long term investment. You won't see any meaningful...
  14. poeticjays

    REAL ESTATE INVESTING THREAD

    you should check out www.biggerpockets.com if you have the means, right now is the BEST time to get into real estate investment (income producing properties). You know how everyone always says 'buy low, sell high?'. Well now is the time to buy low. You have a perfect storm: 1) Housing prices...
  15. poeticjays

    How much $$$ do you guys save a month?

    OOO, Vegas, what a feat. "income property" doesn't turn into "income". You use that "income" to pay off your mortgage. If you're lucky enough to get more then that goes to paying maintenance, property taxes and insurance (if not included in escrow mortgage) and utilities if you're providing...
  16. poeticjays

    Damnyouautocorrect.com

    This site brings the LULZ.
  17. poeticjays

    OFFICIAL 2010-2011 NBA PLAYOFFS THREAD : VOL. MOST. ANTICIPATED. PLAYOFFS. EVER?

    Congrats to Dirk. He's an amazing player and does everything the right way. Hats off to him. I don't know what happened to Lebron. After looking like he put all the questions to rest in the last 2 series, he turned himself into a role player. He seriously needs to work on a post game and/or a...
  18. poeticjays

    Official 2011 NBA Finals Thread: Dallas Mavericks are the 2011 NBA Champions. VOL: KidDirk get rings

    Lebron better come up huge tomorrow. His legacy is on the line. If the Heat blow this series, he will never live this down. Last year, Boston was the better team, so ok he gets a pass. But this year, the Heat are clearly the more talented (and imo, the better) team, so there are no excuses...
  19. poeticjays

    Official 2011 NBA Finals Thread: Dallas Mavericks are the 2011 NBA Champions. VOL: KidDirk get rings

    Lebron better come up huge tomorrow. His legacy is on the line. If the Heat blow this series, he will never live this down. Last year, Boston was the better team, so ok he gets a pass. But this year, the Heat are clearly the more talented (and imo, the better) team, so there are no excuses...
  20. poeticjays

    Official 2011 NBA Finals Thread: Dallas Mavericks are the 2011 NBA Champions. VOL: KidDirk get rings

    But this isn't a good defensive team, they're a GREAT defensive team. You heard what Dirk said. Coaching a group of (true) superstars is more about managing people and getting them to respect you enough to follow your lead. It's unlike any other coaching job, because if they don't buy it, its...
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