kewlj
kewlj
Joined: Apr 17, 2012
  • Threads: 214
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February 12th, 2015 at 12:18:36 PM permalink
This time last year, I invested a large portion of my bankroll (and wealth) into a second home here in Vegas. The home was selling below Market value and I thought I could turn it over for a profit quickly. Realizing that was not going to happen, at least at the numbers I was looking for, I rented it to a couple AP's from another site I belong to, who were relocating to Vegas from the Midwest. I really didn't want to be in the landlord business, but this was the best option at the time.

So this week, nearly one year later, my tenants made an offer to buy the property, which I have accepted (settlement next month). I was a little surprised they were doing well enough and had secured financing to be able to be in this position. Good for them. The sale price and profit isn't what I envisioned when I purchased the property, but I am making a little profit. So the experience didn't work out as planned, but after costs and including the rent I have received for the last 11 months, I am profiting just over 9% of purchase price.

Now to figure out what to do and where to park that portion of my bankroll, where it will be safe and I can generate a little money from it.
dwheatley
dwheatley
Joined: Nov 16, 2009
  • Threads: 25
  • Posts: 1246
February 12th, 2015 at 12:29:11 PM permalink
Don't invest in the Canadian Dollar. Low oil + interest rates dropping here + interest rates rising in US = tailspin
Wisdom is the quality that keeps you out of situations where you would otherwise need it
Dicenor33
Dicenor33
Joined: Aug 28, 2013
  • Threads: 1
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February 12th, 2015 at 12:42:31 PM permalink
Truck drivers in North Dakota are making 200k? Well, most owners operators are making 150~200k. The question is, what's left to the driver? Equipment alone cost 200k, fuel, tolls, insurance, taxes. 37k no matter how you cut it.
98Clubs
98Clubs
Joined: Jun 3, 2010
  • Threads: 52
  • Posts: 1728
February 12th, 2015 at 11:41:55 PM permalink
After today's close (Thursday aft.) one can imagine an 18000 DJI and an 11000 ^NYA. In spite of some stocks doing well, I'm not impressed here. The divi's are over-priced and in need of correction. Oil does look a bit under-priced (contango-hold) at 50ish. IMHO the U$D is stronger than it should be, but Eurozone and Canadian currency fails are prominent here. I don't think the US should tank the $ in-line with others. /MHO In other words Gold at 1200 Oil at 60 seem more stable bets than Mr. Market. But don't kid yourself... the local oil economies in such producing areas is undergoing a squeeze: parts and supplies are now not being ordered at will, and such things as used/ repaired are at least temporarily coming into fashion to cut costs. At $75, this will change.
Some people need to reimagine their thinking.
Sonuvabish
Sonuvabish
Joined: Feb 5, 2014
  • Threads: 29
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February 13th, 2015 at 12:42:22 AM permalink
My computer frequently reminds me that anyone, including me or you, can get rich off of binary options in just 15 minutes.
AxelWolf
AxelWolf
Joined: Oct 10, 2012
  • Threads: 151
  • Posts: 20040
February 13th, 2015 at 1:10:01 AM permalink
Quote: Dicenor33

Truck drivers in North Dakota are making 200k? Well, most owners operators are making 150~200k. The question is, what's left to the driver? Equipment alone cost 200k, fuel, tolls, insurance, taxes. 37k no matter how you cut it.

My brother in law went to ND to drive truck when they were desperate fow workers and housing was cheap he was making 75k a year. He bought his own truck and after expenses hes making 150k a year. He was thinking of buying a 2nd truck and splitting the profit with his son. Not now, Apparently its horrible now, everybody is getting laid off.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
odiousgambit
odiousgambit
Joined: Nov 9, 2009
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  • Posts: 8647
February 13th, 2015 at 2:46:33 AM permalink
I'm scared to ask if all of our members employed-by-oil [so to speak] are all still fully employed
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
teddys
teddys
Joined: Nov 14, 2009
  • Threads: 150
  • Posts: 5450
February 13th, 2015 at 10:51:22 AM permalink
Quote: odiousgambit

I'm scared to ask if all of our members employed-by-oil [so to speak] are all still fully employed

Prepare to be petrified: I was laid off today. :(
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
beachbumbabs
Administrator
beachbumbabs
Joined: May 21, 2013
  • Threads: 99
  • Posts: 14232
February 13th, 2015 at 11:18:19 AM permalink
Quote: teddys

Quote: odiousgambit

I'm scared to ask if all of our members employed-by-oil [so to speak] are all still fully employed

Prepare to be petrified: I was laid off today. :(



Well, crud.

Sorry, teddy!

Guessing, though, you're pretty employable with the law degree. Hope you find better work soon.
If the House lost every hand, they wouldn't deal the game.
DRich
DRich
Joined: Jul 6, 2012
  • Threads: 79
  • Posts: 8112
February 13th, 2015 at 11:38:12 AM permalink
Quote: odiousgambit

I'm scared to ask if all of our members employed-by-oil [so to speak] are all still fully employed



One of my paychecks comes from an oil company although my employment is from a division that has nothing to do with oil.
Order from chaos

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