- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: If you received $500K, how would you invest it?
Posted on 5/16/14 at 11:34 am to Iowa Golfer
Posted on 5/16/14 at 11:34 am to Iowa Golfer
quote:
Now I'm sure the bankers on here are nice gutys, and good at what they do. But if they are so friggin smart, why don't they start their own business, and make their own million.
Read the book "where are our clients yachts?"
quote:
And my little bank has larger market share in my area than the top 3 national banks combined. Our little shite kicking farmer bank is well over a billion.
Cool story. My team of 8 bankers an 6 underwriters closed more than that last year.
Also, the lowest paid banker in the entire bank gets paid way more than 72k.
I don't hate small banks. They have their place and can offer a lot of financial flexibility that Basel 3 institutions can't. I'll admit that.
However to say that big bankers aren't as smart as small bankers is absurd. I have met some small bankers that are phenomenally intelligent and skilled and I have met some that made me shudder with disgust as they tried to explain how shortening an Amortization would improve EDSC. What I have never seen is a large banker who didn't understand how to structure a deal. Some are more sales oriented, some are more structure oriented, but they are all at least mentally capable and have some form of credit training.
1
Posted on 5/16/14 at 1:02 pm to TheHiddenFlask
quote:
However to say that big bankers aren't as smart as small bankers is absurd
who said this? i said FOR MY NEEDS i have had an easier go at it with smaller banks.Posted on 5/16/14 at 1:33 pm to trillhog
That Iowa guy.
Repeatedly.
He clearly needs to affirm his self worth by belittling others.
He got his panties in a know when I said that small banks aren't as sophisticated as big banks, which is pretty objective. I don't know many small banks that offer specialized underwriting teams in 20+ specialties.
Repeatedly.
He clearly needs to affirm his self worth by belittling others.
He got his panties in a know when I said that small banks aren't as sophisticated as big banks, which is pretty objective. I don't know many small banks that offer specialized underwriting teams in 20+ specialties.
Posted on 5/16/14 at 2:05 pm to TheHiddenFlask
well the conversation was about borrowing for a commercial building, you don't need a special underwriting team.
Posted on 5/16/14 at 2:17 pm to trillhog
quote:
well the conversation was about borrowing for a commercial building, you don't need a special underwriting team.
I didn't say it was relevant. You just went on a rant about how awful big banks are to deal with and how no one should use them. I was simply stating why someone would want to use them.
Posted on 5/16/14 at 3:34 pm to TheHiddenFlask
quote:
I didn't say it was relevant. You just went on a rant about how awful big banks are to deal with and how no one should use them. I was simply stating why someone would want to use them.
idk what you are talking about home slice.
Posted on 5/16/14 at 7:25 pm to trillhog
quote:
well the conversation was about borrowing for a commercial building
I thought question was what to do with $500k?
Posted on 5/16/14 at 10:36 pm to TheHiddenFlask
quote:
No major bank would do it.
Maybe some mom and pop bank with a handshake, but 66% LTV is way too high without a personal guarantee at that deal size.
Clarification: it is too smal
Oh I don't know--good lease and there are a lot of lenders--not necessarily banks--that will jump on a commercial loan like that.
BUT what difference does it make if you give a personal guarantee?? I used to worry about that but I don't anymore. I simply sign them for everybody and remind the lenders there are no telling how many I have signed.
The very last thing a lender wants to do is foreclose and pursue a personal guaranty. Long before that happens the lenders are going to be working with you to avoid the default.
Posted on 5/16/14 at 10:38 pm to tiger94gop
quote:
Trailer Park
Make a fortune. I have a friend that rents just the spaces--no trailers you have to have your own. He gets $150 per spot per month.
Posted on 5/16/14 at 10:42 pm to I B Freeman
On community banks---watch out if people around town know you have $500k sitting around. Some little start up bank will want you to invest--DON'T. You may never get your money out of such a deal. Oh the bank may do fine but selling that small bank stock for what is worth is very hard.
I invested in one community bank and only then after the guys starting it promised me they would sell it in 5 years. They did and I did ok.
BTW--those banks like to talk to you about debt to worth but the truth is they are some of the most leveraged businesses that exists.
I invested in one community bank and only then after the guys starting it promised me they would sell it in 5 years. They did and I did ok.
BTW--those banks like to talk to you about debt to worth but the truth is they are some of the most leveraged businesses that exists.
Posted on 5/16/14 at 10:47 pm to wpsnickers
I like big warehouses instead of small ones that house mom and pops. I am invested in 2 around 50,000 ft.
It is true they can sit empty for a long time BUT it is also true that a tenant that fills up a building that big will have a large cost to move out.
It is true they can sit empty for a long time BUT it is also true that a tenant that fills up a building that big will have a large cost to move out.
Posted on 5/17/14 at 8:46 am to I B Freeman
The personal doesn't mean anything 99% of the time, but people who refuse to sign personals make everyone triple their work.
Posted on 5/17/14 at 9:06 am to TheHiddenFlask
quote:
The personal doesn't mean anything 99% of the time, but people who refuse to sign personals make everyone triple their work.
Lol, tell that to a guy that's in financial trouble. Means everything.
Posted on 5/17/14 at 9:56 am to trillhog
I meant at origination.
You don't make loans you plan on having to use the personal guarantee on.
You don't make loans you plan on having to use the personal guarantee on.
Posted on 5/17/14 at 9:57 am to trillhog
On community banks---watch out if people around town know you have $500k sitting around. Some little start up bank will want you to invest--DON'T. You may never get your money out of such a deal. Oh the bank may do fine but selling that small bank stock for what is worth is very hard.
I invested in one community bank and only then after the guys starting it promised me they would sell it in 5 years. They did and I did ok.
BTW--those banks like to talk to you about debt to worth but the truth is they are some of the most leveraged businesses that exists.
I invested in one community bank and only then after the guys starting it promised me they would sell it in 5 years. They did and I did ok.
BTW--those banks like to talk to you about debt to worth but the truth is they are some of the most leveraged businesses that exists.
Posted on 5/17/14 at 10:53 am to TheHiddenFlask
quote:
You don't make loans you plan on having to use the personal guarantee on.
Posted on 5/17/14 at 10:39 pm to trillhog
I don't know if it's like this on other major bar strips or not but on dickson street here in fayetteville the property owners are the ones making all the money. Rent is through the roof down there and demand is constantly high. I would look into some kind of commercial property with a high demand.
Posted on 5/18/14 at 8:50 am to oklahogjr
the dickson street theather is for sale right now , you should put in an offer! Aqua-fire is for lease too now.
Posted on 5/18/14 at 10:34 am to trillhog
Get to know a rich multi millionaire and see what they are investing in and see if he will let you invest also. make sure he is investing much more than you. I stay out of market unless it is an IRA. just much more money to be made with smart rich people who know what they are doing.
Obviously don't put it all into one investment but find 3-4 different investments like healthcare, oilfield, real-estate...
Healthcare is booming right now so if you find the right product like an urgent care center or corporate medicine then it is pretty much a no brainer.
Obviously don't put it all into one investment but find 3-4 different investments like healthcare, oilfield, real-estate...
Healthcare is booming right now so if you find the right product like an urgent care center or corporate medicine then it is pretty much a no brainer.
Posted on 5/18/14 at 1:28 pm to jheine2
What are your general thoughts on REITs vs. a more direct, maybe sole ownership form of real estate investment?
Page 4 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News