Assets

If she's got a penis.

>wife

Classic Cars $3.5M
Mind posting the cars with some proof?

It's pretty late but I can certainly get you a pic of my security cams. 1/2

1/2

2/2

I can recognize a beetle and an isetta, and there are only 5, how do they add up to $3.5M?

Well, one is in the shop, the red one is stupidly valuable and the others are still quite pricey.

I was reading this thing about how in diversified portfolios managers are actually HAPPY when bonds go down, because it usually means that everything else in the portfolio (cause of bullish equity markets) is going up.

Or you know, you could have invested in bonds and something else that goes down the tubes with bonds, lol.

noice!

15k in investments
225-280k house

liabilities
200k left on mortgage

That 507, I see you like German Engineering, any new modern car that you find interest in?

>Veeky Forums turns to Veeky Forums

I like my Z8 which is pretty modern. New sports cars have too much plastic and fancy electronics for my taste, I tried the BMW i8 but it just wasn't for me.

$10000 checking act
$42000 Roth IRAs
$59000 457b
$40000 taxable investments
$18000 stuff
$1000 car

I should probably buy some real estate and a newer vehicle

Yea the Z8 is a acquired taste, no M cars? or Mercs? Gullwing would fit nice in your collection.

12k cash
4.5k cash
8k zero interest loan

i am shit at this

Not really rich fag but whatevs
>~10K high interest savings
>~30K shares
>~10K furniture etc.

I have been working full time for about 6 months since graduation so I'm doing pretty well I think.
Legit started from $0.00

Assets:
PS4
0.2K Cash

is that at least a pro?

Can you tell us more? Pretty suave cars you got.
... You own your own business?

he works security watching rich people's cars.

why do you think he's not allowed to go down and slap a timestamp on one of 'his' cars? "It's pretty late," surely the user kids. If those were his cars it wouldn't matter what time it is.

kek once a google executive trolled the fuck out of someone that made a response just like yours in regards to his claim

theverge.com/2012/12/17/3777760/google-executive-proves-himself-with-bread
good read actually

23 years old, am i rich? idk.

apt. 50k 150k left mortgage
stocks 320k
car 10k
interior 20k

kek
could happen, but most likely it won't. for every rich person with a garage full of cars there's at least 10 people that have access to either the cars or the security cameras watching them.

I can post timestamped pics of billions of dollars worth of property, I'm not going to lie and say I own it though.

Yep. Construction business.

Here is a pic of the 6th car, a BMW 503 which is currently in the restoration process.

I don't keep my cars at home I have a custom garage at that parking lot I own. I'm certainly not going out there at 1 am.

>I'm certainly not going out there at 1 am.
Fair enough, congratulations on your success. Those are some sweet fucking cars.

Nice job man. Question for you: What do you think of parking lots as an investment? How did you evaluate your purchase?

I have a client that owns a few lots by the sports stadiums downtown in my city and he's doing very well with them. It seems like a cash intensive business though.

The parking lot is mainly used by one of the the medical centers on a fixed lease, on top of that there are about 40 parking spaces I rent out to neighbors of the complex and friends. Disregarding the hassle of managing tenants I currently project that it will break even 12 years after construction.

then your math is way off.

either your income is way lower of the value is much higher than 55k.

real estate is valued according to profit potential. 10% ROI would be god-tier.

my last condo (bought a little over a year ago) makes 4% ROI before interest and taxes and I bought it under market value.

You should be looking for a 10% cap rate in real estate, otherwise you're getting ripped off, it seems that you got ripped off.

commercial real estate - sure
residential? no way, unless we're talking houses made of cardboard like in the US

I've picked up several multifamily residential deals 4 units or less, that have given me a cap rate of more then 10% or right at 10%, in the U.S of course if we're arguing about somewhere outside of the U.S then I can't tell you anything because I have no clue.

>should I pay off the mortgage instead off investing?

Yes, I was thinking of this while reading your post.

Rip the band aid off. You'll save money in interest.

Living the dream user

what other expensive hobbies do you enjoy ? you look like you would be a Patek Philippe guy. Or is it Audemars Piguet ?

Can you paypal me $5? God bless

Nah I've got one expensive watch that I've been wearing for 5 years and that was a gift.

Not doing much else really, I like skiing, I try to travel a lot, that's pretty much it.

Nope, sorry bud.

Alright, well you have a n-nice day..h-heh..

200k real estate

250k business

150k "slice and dice" portfolio and cash.(includes REITS)

If you can basically do whatever you want, why fuck around on Veeky Forums?

>real estate is valued according to profit potential

Actually, real estate can be valued using three different approaches: Sales comparison approach, cost approach, and income approach. Maybe you should about learn what you're doing before you try to do it.

>get up excited to see timestamp on user's amazing cars
>it's nothing

but seriously, why does Veeky Forums believe this bullshhit without a timestamp?

This is the reality of real estate investing. In my market real cap rate is >6%.

i'm aware, i used to work for a court and had to read a ton of real estate evaluations. he's renting out a condo. the income approach is the only one relevant.

yes, a professional expert witness would look at each and work out some kind of median value. but they're approaching each other anyway, since the average market value is to a large part determined by what investors are willing to pay. and unlike future homeowners those only look at ROI in terms of future income if they're in the rental business.

I just feel like I can do better than the 2.3% mortgage rate