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Started By
Message
re: What to do with cash right now?
Posted on 5/15/21 at 3:52 pm to TigerTatorTots
Posted on 5/15/21 at 3:52 pm to TigerTatorTots
Cold hard physical cash
3
Posted on 5/15/21 at 3:54 pm to I Love Bama
quote:
Monthly payment with taxes and insurance - $750
Power Bill - $125
Water - $50
Internet - $75
Yard - $50 (basically just weed eating, no yard)
Airbnb items (coffee, etc) - $100
$2,250 Rev
$1,150 expenses
After Airbnb fees I think it will cashflow about $600 - $1,000 a month.
You are missing cleaning costs which will be significant or very time consuming and should account at least 100/mo for random repair costs.
You need to aim for higher occupancy or charge a higher rate or you are going to see a very poor ROI on this property as you have set it out. Not trying to be a debbie downer but those are a couple of big costs you haven't accounted for.
Posted on 5/15/21 at 3:57 pm to UFownstSECsince1950
There are bitcoin ATMs if you want to do it the inefficient way.
Posted on 5/15/21 at 4:24 pm to UFownstSECsince1950
there are no numerous bitcoin ATMs around where i live, but youll pay a premium
Posted on 5/15/21 at 5:31 pm to V Bainbridge
quote:
You are missing cleaning costs which will be significant or very time consuming and should account at least 100/mo for random repair costs.
You need to aim for higher occupancy or charge a higher rate or you are going to see a very poor ROI on this property as you have set it out. Not trying to be a debbie downer but those are a couple of big costs you haven't accounted for.
I was spitballing. I already have two airbnbs and will have 5 by the end of the year.
ROI is insane.
Posted on 5/15/21 at 6:46 pm to lynxcat
You don’t own any real estate anyway.
Posted on 5/15/21 at 6:47 pm to NAsh-vegas Tigah
YAYO
HKRS
HKRS
Posted on 5/15/21 at 6:55 pm to NAsh-vegas Tigah
If you have some relatively high interest debt, you could retire that.
Posted on 5/15/21 at 8:49 pm to Fat Bastard
quote:
You don’t own any real estate anyway.
I bought a house less than a year ago
Posted on 5/15/21 at 9:11 pm to UFownstSECsince1950
quote:I mean, what do you think people are using to buy BTC? Drugs?
there any way to purchase Bitcoin using actual cash?
Posted on 5/16/21 at 9:25 am to UFownstSECsince1950
quote:
Cold hard physical cash
Wut...? You mean like walk into a store and hand someone cash?
Posted on 5/16/21 at 11:20 am to skewbs
quote:
Wut...? You mean like walk into a store and hand someone cash?
Are boomers still doing this?
Posted on 5/16/21 at 11:34 am to Powerman
quote:quote:
Put it in Voyager as USDC and get 9% monthly interest
Really? That seems too good to be true. What's the catch?
Anyone else in this. Seems too good to be real for there not to be a risk somewhere. Just curious as to what’s backing this.
Posted on 5/16/21 at 2:24 pm to TorchtheFlyingTiger
quote:
Now to research them. Any suggestions on where to start?
I own MAIN.
And HTGC.
They do have risk.
Morningstar might be a place to look at PFF and PGX.
Posted on 5/16/21 at 2:59 pm to NAsh-vegas Tigah
I’m trying to figure that out as well.
We sold one of our rentals a year ago for a 50% gain and used that to pay off our other rental...but now have too much cash. Real estate prices are too rich for me right now to reinvest.
I’m looking to park excess cash (above a few.months expenses) in a mix of TIPs, Commodity Index Fund and smaller amounts into phys gold and crypto (BTC/ETH). Maybe a value fund as well.
The goal is to still have cash if a bigger opp presents itself.
I’d love to hear any critiques or ideas. Note this is for cash/purchasing power protection...not retirement.
We sold one of our rentals a year ago for a 50% gain and used that to pay off our other rental...but now have too much cash. Real estate prices are too rich for me right now to reinvest.
I’m looking to park excess cash (above a few.months expenses) in a mix of TIPs, Commodity Index Fund and smaller amounts into phys gold and crypto (BTC/ETH). Maybe a value fund as well.
The goal is to still have cash if a bigger opp presents itself.
I’d love to hear any critiques or ideas. Note this is for cash/purchasing power protection...not retirement.
This post was edited on 5/16/21 at 3:21 pm
Posted on 5/16/21 at 6:25 pm to NAsh-vegas Tigah
AMC for the swing trade
Posted on 5/16/21 at 6:47 pm to Powerman
quote:
Really? That seems too good to be true. What's the catch?
It's a low volatility instrument much like XIV was if I understand it correctly. It's not risk free and there's massive counter party risk that's being downplayed.
Think EUR/CHF unpegging
This post was edited on 5/16/21 at 6:53 pm
Posted on 5/16/21 at 10:49 pm to NAsh-vegas Tigah
Long value, short growth (worked brilliantly in 2000; didn’t work as well during GFC).
If you think the US is headed for further inflation, could consider a safe haven currency like the CHF.
Puts or, for less risk, bear put spreads.
I also like GBP denominated equity at the moment.
If you think the US is headed for further inflation, could consider a safe haven currency like the CHF.
Puts or, for less risk, bear put spreads.
I also like GBP denominated equity at the moment.
Posted on 5/17/21 at 7:44 am to TigerTatorTots
I have been wanting to put my cash in Celcius but not being FDIC backed makes me worried.
Posted on 5/17/21 at 8:39 am to GREENHEAD22
Thats the risk you take for the 10% interest as opposed to <1% for FDIC. Have to make the evaluation to see if it is worth it for you individually. For me personally, it is. Granted I'm not going crazy with it. Just putting some cash that I have to keep in cash that would otherwise not do anything in a savings account.
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