"Investing" in stuff

[Marshall Tucker]

There are some tax advantages as well.

Not in your tax bracket.

Along with the 24k in the 40k plan, 6.5k in the wife's IRA. I too, have pined after rental property, but if you're in it to make money / cash flow you better have a ton of free time.

[XXX-er]

15th of the month buddy comes upstairs & hands me a stack of cash so I always say thankyou and ask if there are any problems, none in 3 yrs ... pretty much all I have done

[skifishbum]

shoudn't yur lame retired cube monkey slave wager ass be training or packin for italy?

[mcsquared]

How's not having to work for the rest of my life?

Priceless.

Yet with all your freedom and riches, you choose to hang out here, on the internet, with us. You could be literally be doing anything else right now. But here you are arguing with strangers about who has got life figured out.

[54-46]

Not in your tax bracket.

Along with the 24k in the 40k plan, 6.5k in the wife's IRA. I too, have pined after rental property, but if you're in it to make money / cash flow you better have a ton of free time.

Wasn't thinking a tax advantage to income, but there's rental depreciation and expenses. (http://www.investopedia.com/articles...tion-works.asp )

The expenses also may be an advantage if you buy something like an appliance "for the rental" (for accounting purposes) and it magically appears in your primary residence as your new washer/dryer/frig.

Depends on how aggressive you want to get and how tight you are with your accountant. If you're very law and order, then this aspect may not work for you. My accountant explained to me that "many people he knows" use that method and it's not a problem.

Time-wise, the LT rental would be better than the VRBO/AirBnB concept. My neighbor has been renting/depreciating his condo for years and nets a few hundred a month. Spends very little time dealing with it.

[Benny Profane]

shoudn't yur lame retired cube monkey slave wager ass be training or packin for italy?

Why, yes I am, but after my Mountain Collective tour this winter and maybe a national park tour next summer. Italia in the fall. I'll fart in your general direction as I blow through SLC.

[BmillsSkier]

Buon Natale, Benny!

può il nuovo anno essere riempito di gioia e molte pastiglie dei freni!

[Benny Profane]

Yet with all your freedom and riches, you choose to hang out here, on the internet, with us. You could be literally be doing anything else right now. But here you are arguing with strangers about who has got life figured out.

Well, I'm not jet set just take off anytime rich. Sheesh.

[skifishbum]

so your kinda like iceman only poorer without a mountain condo, beach house and a hot old lady 2 awesome kids 5 dogs and numerous friends and it took most of your life to gits there?

[PNWbrit]

Aim higher

Keep your tips up?

[iceman]

Re-read that sentence. I know what you're getting at but it threw me for a loop at first glance - I seriously doubt you're looking to avoid investment vehicles that keep or gain value

I dunno, in the title he doesn't say investing, he says "investing". maybe he's just looking for shit to blow money on.

[Benny Profane]

Buon Natale, Benny!

può il nuovo anno essere riempito di gioia e molte pastiglie dei freni!

grazie, ma, freni vanno bene. guarnizione di testa può essere un problema, però.

[Benny Profane]

so your kinda like iceman only poorer without a mountain condo, beach house and a hot old lady 2 awesome kids 5 dogs and numerous friends and it took most of your life to gits there?

The only thing I have common with Iceman is that I'm older than most, caucasian, and a lot of Irish blood.

[guroo270]

Not looking to blow money. I just figured people would say shit like records, ancient coins, rare samurai swords, leather bound books, wood working tools, guns, etc. The financial stuff works, too.

[Benny Profane]

Honest to god, if you want to make money with other people's junk, hang out at garage and yard and estate sales, and hope for a jackpot. You know, like Antiques Roadshow. Seriously.

[GimpToo]

OT - seriously, what skis would be worth anything?

[TAFKALVS]

OT - seriously, what skis would be worth anything?

K2 BrewSkis

[54-46]

Not looking to blow money. I just figured people would say shit like records, ancient coins, rare samurai swords, leather bound books, wood working tools, guns, etc. The financial stuff works, too.

You're in your early 30's - why spend a lot of time buying/selling that stuff when you can invest passively and chase tail?

[Diamond Joe]

I'd like to have rental property, but the problem (for me anyhow) is that if its not your full time home, mortgage companies want 30% down, which is prohibitive.

I have money "invested" in firearms and rare American coins. Neither thing is going to appreciate that much, but not going to lose value either. And I like holding in my hand something like, my 1795 liberty cap large cent - estimated about 100 in existence, just a cool and rare piece of history - or my Kimber Ultra CDP .45 - which is a beautiful handgun. Investing, or just hobbies? Not really sure, but I tell my wife they are all investments

[iceman]

You're in your early 30's - why spend a lot of time buying/selling that stuff when you can invest passively and chase tail?

^^^solid advice. before you know it you'll turn invisible. Chase tail now. That's an "investment" in memories you'll cherish forever.

[GeezerSteve]

. . . if you buy something like an appliance "for the rental" (for accounting purposes) and it magically appears in your primary residence as your new washer/dryer/frig.

That'd be tax fraud. I strongly advise against it because it's illegal and audits happen.

[54-46]

That'd be tax fraud. I strongly advise against it because it's illegal and audits happen.

Yes, that may be true and that's a risk that many seem willing to take. Discuss potential and ramifications with one's own accountant...

[skifishbum]

The only thing I have common with Iceman is that I'm older than most, caucasian, and a lot of Irish blood.

i got a bunch of things in common with him
and i consider my time and effort in the community as an irl investment in entertaining friendships based on sharing passions
and i'm fuckin rich with stuffs like dat
save yur farts for ogdens

[flyman683]

my wife says packrattin tools ski and river gear aint investin

LIES.

[Benny Profane]

i got a bunch of things in common with him
and i consider my time and effort in the community as an irl investment in entertaining friendships based on sharing passions
and i'm fuckin rich with stuffs like dat
save yur farts for ogdens

You certainly don't have his ability to write simply, with economy, and communicate with others in an adult way.