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Automobiles / Re: Anybody have an electric v...
Last post by Money Ronin - January 08, 2021, 04:26:15 PM
I'm not excited by most affordable E vehicles, but I am excited by the Mustang Mach-E.  It seems utilitarian enough for a family, and very sporty.  My hang up is this is the first production year.

Also, I can't justify the premium for an E vehicle since I no longer drive much working from home.  I'm saving the environment by not driving.  I've got a 2021 Corvette on order so I can have something pretty to look at in my garage.

Perhaps Financial Samurai will do an article on the cost benefit analysis of owning an E vehicle.
Real Estate Crowdfunding / Re: Thoughts On RealtyShares C...
Last post by berkel - January 05, 2021, 08:25:16 AM
Got an update from RS on the Castle Court Apartments Seattle 2nd Lien Tranche 2 deal and "gasp", a payment:

IRM has agreed to a 4th amendment to the business loan agreement and modification to promissory note for a loan extension from 10/01/20 to 12/18/21. This extension was made in order to have co-terminus terms with the senior lender.

The terms of this agreement are as follows:

1. The current fixed interest rate of 12.0% increased to 15.0% and will accrue from 12/18/20 to 12/18/21.
2. The Borrower paid the past-due interest owed from 05/01/20 to 12/18/20.
3. The Borrower made a principal paydown of $500k, reducing the remaining principal from $2,129,000 to $1,629,000.
4. The borrower paid an extension fee of $16,290 or 1.00% of the loan principal balance.

I went to my account that is linked to RS and lo and behold there was a deposit of $3075.50!

I reconciled it as follows:

Principal paydown of ~23.5% from $10K to $7,651.48
Interest of $726.99 for the period from 5/1/2020 to 12/18/2020

Hopefully they make the rest of the payments and I get out of this one without any losses.

My last open deal is unfortunately from FG (AFC in Largo, FL), but not a lot of hope that I'll get any of the remaining ~$2700 in principal. 

Automobiles / Re: Anybody have an electric v...
Last post by Kerplink - January 02, 2021, 12:09:26 AM
I'll be getting an e-bike this year but I haven't finished researching them and they keep getting better! I tend to research the death out of anything I buy or invest in.

We bought a Model 3 in 2018 and it was so much better than any gas car we've ever had we bought another one a few months later. 2 1/2 years later all they have needed is tires. Brakes are still like new and so glad to not have schedule oil and filter changes (or do it myself). I like doing my own work but it's even better to just delete it in the first place.

No service, no repairs, no gas stations, and they drive like cars from the future! I've had some pretty nice European gas cars but I could never go back to them again. Finally I can buy American and get a superior product!
Stocks And Index Funds / Re: My friend bought a new Te...
Last post by Kerplink - January 02, 2021, 12:02:09 AM
Time to revisit this one. I went into 2020 with TSLA my largest holding (by far) of my portfolio. I let it ride up to well over 90% of my retirement portfolio before selling 20%. I felt comfortable having it such a high percentage because I had researched the company to death and realized they had no competition despite the mainstream media constantly worried about the imminent "Tesla Killers". My research told me there was zero chance of that so I didn't want to "deworsify" my portfolio. It worked even better than I imagined! I sold another 5% on the last day of the year for over $715/share (or over $3575 pre-split).

What a ride! With the 20% re-balancing around $580 (over $2900 pre-split) and the 5% on the last day of the year I've paid off my entire cost basis and barely put a dent in my position!
Current Events / Re: Artificial Intelligence.. ...
Last post by peaceypz - December 22, 2020, 04:09:59 PM
I believe neuro network, the current version of AI might or might not include coders' bias as it is given an objective and learn by itself on how to achieve the objective and the path to get there.
Current Events / Is the 2020 equity market over...
Last post by peaceypz - December 22, 2020, 04:02:13 PM
I was in college back in 2000/2001 (the good old days).  I didn't pay much attention to the stock market.  Does anyone remember?  How is the 2020 market compares to 2000.  Any chance the Nasdaq will drop 50% in 2021 like it did in 2001?
Hey Steve,

All I know is that this is not the time to go long on Crowdfunding investments that are heavy in commercial real estate i.e. industrial, office, retail. Commercial Real Estate will get crushed 2021-2022. Best to be financially lean as possible and play to defense. 2010 was one of the best time to purchase investment real estate and 2020 is one best times to refinance to a lower and safe loan. I prefer AAA grade SFR assets vs multi-family. The downside of multi-family is the short-term loan risk of 5 and 7 year ARMs.

I am closing on two of my refinances next Tuesday. These are investment SFRs I purchased in 2012 and 2013 and they have doubled in value.

Here are my numbers.
$121,493 refinance from 4.2% to 3.0% closing costs $1295.41  P&I $512.22
$123,528 refinance from 4.0% to 3.0% closing costs $1261.14  P&I $520.80

From my investment refinances, I was able to bring my total interest from about $43k a year down to $31k / year. About $12k/year savings in mortgage interest. I think it is important to get very lean on your overhead going into 2021.
Real Estate Crowdfunding / Investing in FundRise vs Physi...
Last post by PandaAtlanta - December 20, 2020, 02:42:48 PM
Hey guys.. I am new to the crowd funding investment space and looking to do some research before investing. Fundrise's platform is intended for individuals interested in long-term investments so we need to keep our funds there for at least 5 years. This seems quite illiquid to me. Do you get the same tax write off benefits as physical real estate? For example, if you incur losses, are you able to off set that loss against your earned income?

Would like to get some feedback from investors who are invested in Fundrise and get their honest feedback of their experience thus far with this platform. What are pros and cons and pitfalls to watch out for? In my personal opinion real estate is not a very attractive investment without good leverage. If I don't use leverage, wouldn't a traditional REIT in the NYSE like "O" or "AGNC" that pays a month dividend be a better investment? I feel like you have more control of your money as mREITs and REITs as they are highly liquid. Any thoughts?

The benefits of owning physical real estate is more control, smart leveraging, depreciation, tax benefits, monthly cashflow, tenants paying down your mortgage. In some ways, I see good mortgage debt like a 401k plan, especially when rates are 3% for investment loans in today's market environment.

Between investing in FundRise vs Physical Real Estate vs REITs and mREITS in NYSE. Which is investment vehicle is the best in your opinion?

Fundrise pros and cons
Available to non-accredited investors
Low minimum account size requirements
Highly diversified investments
Great for passive investing

Investments are illiquid
Complex fee schedule
Not for short-term investments
Entrepreneurship / Side Hustles / Affiliate Partnerships vs Sell...
Last post by PandaAtlanta - December 18, 2020, 08:16:34 PM
Are any of you bloggers purely just affiliates to generate revenue on your website? Although the thought of creating your own digital product is very appealing, I think the risk/reward is very high. I mean what if you spend 3-4 years writing an ebook that you think has amazing niche content that no one wants to buy even a $1? What if you were hoping to sell this ebook for $100?

I think the odds of successfully selling a $100 ebook is like 1 out of 10,000. Please do correct me if I am wrong. Wouldn't it be a much better / lower risk blogging business model to be a 100% affiliate marketer around your niche content vs creating your own digital product? Would love to hear from the Blogging veterans who are actually making some decent coin from their blogs. For those of you Bloggers making more than $50k/year... what are the mistakes to avoid and lessons can you share with the newbie bloggers who want to get started?

Newbie dreaming of a Blogging Business