THE WORST WAY TO MAKE MONEY IS TO TRADE YOUR TIME FOR DOLLARS

>>What do when no confidence?

Start small! I started with $20!

Here's what to do:

Download the Ebay app.

Go to thrift stores, yard sales, fb marketplace, offer up, or craigslist.

'If you pick it up, look it up' - literally just ebay search hundreds of things when youre starting

If you find something that sells for 3-4x what you put into it, buy it!

Just start with $20 at first
PS. You can also find things to resell on amazon by going to walmart (google search 'retail arbitrage')

op is a lying fagget who most likely still lives with his parents or is a neet on welfare

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I live in Canada. If I put random shit on eBay it would sit there for months without selling. Not to mention scammers, shipping issues and eBay fees etc. Not worth it to make 3 bucks selling some piece of shit from goodwill

this

do you just not believe it's possible? This is simple stuff

Buy low sell high lol

I'm already hip to this talk, my man. Gots that sweet rental income coming in each month.

>> If I put random shit on eBay it would sit there for months without selling

You're selling the wrong things then! The money is made when you BUY the item! Only buy items that are in high demand

>> Not worth it to make 3 bucks selling some piece of shit from goodwill

You start at the 3 dollar profit items just to get good at it. Then you scale to more expensive items, or open a shop with plenty of things for sale

*huge gay kiss*

beautiful

There was a movie made about salesmen.
The truth is it's not as easy as you make it sound.
Sooner or later you won't sell easy, you take big risks and then you fuck up.

Wage slave sucks too, the game is rigged.

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This way takes money to make money.

Most people can barely manage paycheck to paycheck.

>> There was a movie made about salesmen.

I'm not talking about being a saleman. A salesman is still a bitch owned by the company..

I'm talking about building a bsiness. By starting super small and building momentum buying and selling.

Eventually you need to have a specific niche - that way you can grow a brand around it. But to start you just need to buy and sell anything to get a feel for it

>> This way takes money to make money.

NOT TRUE! I started with $20 and grew that..

And if you're so totally flat broke that you can't start with $20, then you're living in a 3rd world country.

And even if that's the case - you can start by offering to sell your friends/families stuff and working out a deal where you keep x% in exchange for selling it for them

It's a myth that you need money to make this happen. You can start smallll

ALSO - it's best if you start super small! Just start with $20 and build from that, it's much less risky

>What OP looks like

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Do you think this is a good start, To build up to amazon FBA? btw appreciate this thread user

Thank you - it is beautiful. Unfortunately, by starting with $20 as you have said, I found it very tough going because I'm a sales brainlet.

But because my wagie level autism job pays pretty well, I let my cash do the work and my only concern now is just buying homes correctly.

It is magical, though, to have your bills taken care of by investment cashflow.

OTHER WAYS TO MAKE MONEY STARTING OFF BUYING AND SELLING
+ Alibaba.com - get wholesale anything to resell on Amazon prime/ebay/fb marketplace

+ Offer to sell your friends/families stuff and work out a percentage you can keep

+ DROPSHIP - list stuff on amazon/ebay BEFORE YOU BUY IT and have your supplier ship to the customer when it sells (tons of people do this shit it's incredibly common)

+ Find more expensive items (for example a rare car) and list it all over the place. Find a buyer, then contact the seller and connect them putting yourself into the deal (I've done this before and it works if the people are cool. ask for more info if u want me to expand on it

wow pretty damn close

You can jump right the fuck into amazon FBA.. I do it now and I've helped people build decent sized amazon businesses

Here's what I would recommend:

Find items that sell well on amazon. Contact the wholesalers through alibaba.com. Have them brand the items (custom print with your logo/designs).

You can then have them ship it to you and you can ship it to the amazon fba center.

The reason you want to private label your items is so that other fuckers (sellers) don't attach to your listing

When it's up for sale, cut the price as much as possible (maybe break even) so that it climbs the sales rank and gets excellent reviews

You'll also want to message every customer and ask for reviews (word it nicely you fuck, don't demand)

In the end you are nothing more than a glorified salesman. When you were starting with the yard sales did you ever intentionally go to a specific place inside a set timelimit? Have you ever given a customer a discount? Have you ever agreed to meet someone at certain time? If yes then congratulations, you have taken demands from someone else like a salesman and your cunt has been whipped

This is pretty smart, to brand your own items. Does that increase the cost by much?

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Yo email me user lol. Wouldn't you ship only a few of your product to your home to test, then have wholesalers ship it straight to Amazon?

>KIKE ALERT!!
>KIKE ALERT!!
>KIKE ALERT!!

>> In the end you are nothing more than a glorified salesman. When you were starting with the yard sales did you ever intentionally go to a specific place inside a set timelimit? Have you ever given a customer a discount? Have you ever agreed to meet someone at certain time? If yes then congratulations, you have taken demands from someone else like a salesman and your cunt has been whipped
I had to put in work no employee would understand (I was obsessed with the work, putting in 15 hr days every day for years). but now I don't have to work anymore because the system runs itself without me needing to be there

Only slightly but it's not bad..

Here's a super hot product right now -

alibaba.com/product-detail/Preheating-Battery-Preheat-Vape-Battery-350mah_62184929377.html?spm=a2700.7724838.2017115.2.698b68afKG9avI&s=p
If you get them to custom print these then they're around $2.50, maybe $3 each if you include shipping.

They sell allll day long on amazon prime for $25-$35.. There are amazon fees of course but even after the fees its a killer profit margin

When you go to amazon look for the sales rank of the item. If it's under 20,000 or so then its a popular item

there's no way in hell I'm emailing someone from Yea Forums sorry.. lmao

Kinda, actually. These are close to the fundamental Jewish principals on wealth ('stop being someone's bitch trading your time for dollars')

Are you daft or under medication?

He is right, you are spewing some bullshit that we gotta eat up because you had mommy's roof.

While I do give you credit on making it far and not screwing it, it's not easy and it doesn't matter if you put 12 hours or 20 to built your enterprise, it can dissapear in the blink of an eye.

I would had made it sooner if I wasn't in a third world shithole with no family to support me. A salary can save your ass during an emergency too. Advocating for cheap handwork to dissapear is fucking with other entrepeneurs.

You already pointed what is neccesary to make it;
>Luck
>Effort
>Intellect
>Intellectual effort
>Buy cheap, sell high

Everybody and their grandma know all this shit but not everybody has the discipline to make it past the effort part. And this is far worse if you were born a nigger.

I appreciate it. My mind is the biggest issue right now for me. I've somehow convinced myself that this will never work for me because I'm somehow a bigger fuckup than anyone. Obviously untrue, I know but rental property is just so my comfort zone, it's tough to get out there and do something different.

When you have sale, do you take it to a post office and mail it yourself?

It's cheesy but you have to believe it's possible. 'Whether you think you can or you can't, you're right'

There is no guarantee.
There's a chance you spend 20 years and end up in crippling debt.
It's not for everyone.

But the internet doesn't give a fuck who you are. excuses excuses excuses excuses

basically I'm saying STOP WITH THE PORN AND NETFLIX AND SPEND YOUR FREE TIME WORKING ON YOUR DREAM (the dream all employees have of leaving the rat race)

>daft

also, I had to look up what daft means. yes I am daft. I'm silly and stupid.

But I'm also a millionaire.

I think it's because I had the AUDACITY of believing I could make big money myself.. most people are too smart to believe something as outrageous as that

As long as you still buy/sell you are there. The only way to truly escape being there yourself would be to leave the entire process to an AI construct, that you would not need to overseer. And that is not there so you either do the buy/sell or overseer something (an employee most likely), so you still need to take an active part in the process and put up work

>> I've somehow convinced myself that this will never work for me because I'm somehow a bigger fuckup than anyone. Obviously untrue, I know but rental property is just so my comfort zone, it's tough to get out there and do something different.

I've had friends in this spot. Here's what you need - YOU NEED TO GET A SINGLE SALE TO SEE THE CASH. Just one sale!

Just one sale needs to happen where someone pays you money and you ship their item and they're happy and that's that. Because once you see it's possible, and you know what to expect, then your brain will start to believe..

When I started my goal was to make 50k a year in 4 years (my friends were at college and I wanted to make a decent living by the time they graduated). don't be crazy with it and have reasonable goals you know are possible.. I never would have imagined how much more there is...

>> When you have sale, do you take it to a post office and mail it yourself?

When I first started, yes. But now they pick up from my warehouse

Bored? why not check this extremely hot activee server, for the best lewds of females andd traps!

discord gg/a4maaZD

ask your mom what she gets paid to clear pipe.

>> As long as you still buy/sell you are there. The only way to truly escape being there yourself would be to leave the entire process to an AI construct, that you would not need to overseer. And that is not there so you either do the buy/sell or overseer something (an employee most likely), so you still need to take an active part in the process and put up work
Dude I check in on my biz one or twice a week for an hour (and it's fun for me to guide them on big decisions).. it's pretty much automated

I guess that's not considered freedom? idk maybe

>> ask your mom what she gets paid to clear pipe.

this is such a beautiful place on the internet

I'll chill here for a bit. If anyone has any money questions I'll be happy to help

I know right, true freedom of speech is amazing when you can call other people on their bullshit while pointing out you are an humongous cocksucking faggot.

Do you usually look for clothes or furniture or random items

It's amazing your mindset on money is so fucked that you think everything I'm saying is made up.. 'the employee mindset'

really something special. Shows how there really is no competition out there - you can't even tell people exactly what to do because they'll think you're making it up. The people who know my irl know I;ve made it but make other excuses as to why they can't do it

Nice Reddit spacing you Get Rich Fast samefag.
How about you go back to laugh at banana pics on Facebook with your other little Get Rich Fast Facebook friends?
>51 replies, 18 posters
Fucking KEK

>> Do you usually look for clothes or furniture or random items

When I started I looked for everything and anything, but had some 'go tos' - sneakers, LEGO, some video game stuff, records (only the 'Living Stereo' ones sell for a lot tho), air soft guns.. those were some of the things I started with

Eventually tho you really need a niche that you can be an expert in. That way you stop wasting your time trying to be an expert in everything and your expertise focus will allow you to take things to the next level (for example I know so much about my niche that I can look at the item and know its value instantly - and know how long itll take to sell)

>> Nice Reddit spacing you Get Rich Fast samefag.

Nah, I'm not saying get rich quick. It took 10 years you silly fuck

What brings you here to Yea Forums ?

Sure thing, John.
It's ok. I really really really like this thread anyways.

This post could save Earth's problems, I'm dumbfounded!

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you sir, are going to make it

q{ÎþÊд=ÿN(Y¸¿6ÔÌj¥îðC2v þˆp¬YX¨ÙL©/2Õ¬‘

>YOU NEED TO GET A SINGLE SALE TO SEE THE CASH
Absolutely agreed. Once I get my current cash stash to work, I'll be wanting to get something new going.

Are you on the chans often? You sound like someone that is interested to help aspiring folks get some side cash.

I'd even be willing to swap you information and tell you about real estate investing.

Except not, because if everybody tried this instead of holding a real job and actually contributing to society then the economy would immediately go to shit.

I have the solution to your problems

buy low, sell high

buy precious metals low and sell it high

buy jewellery low from unsuspecting people and then sell it super high to gullible costumers for extra sheke... I mean for extra moneys

buy shares low and sell them high. try to manipulate the system if you can. it is against the rules, but who cares really, they're more like guidelines anyway. this way you can maximize your shek... your dollars

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/b is a unique spot on the internet where I can cut the shit and talk about what I want

through all the bs there's lots of nuggets of gold

no bro, you just need to find a person who will buy your 5000$(6500$) Rolex for 7500$. Tell them a cool story about it or something, we all live for stories anyway. Then next person has to find a sucker to buy it for 8500$ and everyone's happy because rich just got a bit poorer and poor go richer. Marx couldn't dream of a better capitalistic chain.

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While Yea Forums is indeed the Yea Forumsest thing in the shithole that is the web I still don't understand what a successful person like you is doing here.

>> I'd even be willing to swap you information and tell you about real estate investing.

man I'd be all about that... but I kinda wanna stay away from making Yea Forums connections

I put myself out there on other places on the internet and can't have people know I go here D:

sorry

I come here once in a while but rarely post

Exactly but that will never happen. Most people are lazy, most people don't believe in themselves, most people would rather feel "secure" and be told what to do then actually have freedom and the risk that comes with it.

This is about separating the chaff from the wheat.

>> Except not, because if everybody tried this instead of holding a real job and actually contributing to society then the economy would immediately go to shit.

This is such a classic response I get from people.

Of course that's true, theoretically. But ABSOLUTELY NO ONE FUCKING DOES ANYTHING

What's the percentage of employees vs biz owners that you know in your life? Do you know anyone who has even ATTEMPTED to start their own biz? It's rare af. There is no competition out there... The masses trade their time for dollars and will never be able to leave the employee mindset

this is about trying to game the system and being a leech. selling things for profit is the penultimate meaningless existence. only selling something for someone else is even more devoid of meaning

>> While Yea Forums is indeed the Yea Forumsest thing in the shithole that is the web I still don't understand what a successful person like you is doing here.

(ok fine it's the porn. u happy?)

I don't wage slave to make money.
I wage slave to get by.

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I get that, except the user I was responding to was implying that this would somehow "save Earth's problems". Nope, it could help one or two people earn some cash. Nothing else will change on the planet. It won't solve everybody's problems because if everybody got into this then there would simple be nothing being produced for everybody to trade with.

>> selling things for profit is the penultimate meaningless existence

Yikes.. I hope this is a joke.

Almost everything you've ever bought was something a store bought for less and resold.. rarely do you buy from someone who made the item themselves. That's just economics

There is an abundance of companies around the world who can make and sell you wholesale ANYTHING (alibaba.com connects you with wholesalers)

>only selling something for someone else is even more devoid of meaning

Thats' most people anyways...

Also game the system? This is the system. Capitalsm is in a word free trade...

You sound like someone who's never worked a day in their lives. 95% of people aren't out there living their dreams. They're in McDonalds and Subways, BestBuys and Walmarts wishing they could have a chance to make 50% of what they do living on their own terms.

When I preach about making money buying and selling, it isn't with the goal of having millions in the bank cash (though of course that'd be sweet!)

What you need is CASH FLOW!

Here's what to do:

Write down all your monthly expenses. Divide by 30. Now look at that damn number every day (most people it's around $50-$150) and know that if you can find a way to have that cash flow towards you daily then you can escape the rat race

Think DAY BY DAY

Making $100 a day flipping stuff is (dare I say...).... easy

That's alright, I get it.

The way I look at it is that no one would actually believe I come here even if I told them. And that's if they even knew what Yea Forums was. They'd say "what's 4chans?" and I'd say "it's a chat site". "Oh". End of conversation.

Anyway, if I do get involved in it, I may run into you online at some point, anyway.

what about porn

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so you're into the real estate game.. what do you do?

I'm a big fan of Robert Kiyosaki

I do work, as an EMT. at least my work does some good to someone else. My life doesn't just boil down to how many shekels I can squeeze from someone else on whatever superfluous item I can convince them to buy

what does roberta paulsen have to do with porn?

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>> I do work, as an EMT. at least my work does some good to someone else. My life doesn't just boil down to how many shekels I can squeeze from someone else on whatever superfluous item I can convince them to buy

I know this is b and I'm not supposed to say this, but nothin' but love and respect from me! Of course we need EMT's (and so many other people doing important things).. I'm in no way saying what you do isn't important

BUT! The truth is that you still could flip rolex watches in your spare time and damn good money. Or not. Just saying you COULD (instead of wasting your time jerking off)

Your life doesn't boil down to it because after is if you're successful enough to get your venture off the ground you don't do have to do much. Because you don't have to work hours. Think of it more of freeing up your time to pursue whatever the hell you want.

His name is Robert Paulsen. His name is Robert Paulsen. His name is Robert Paulsen.

I'm almost exclusively a passive RE investor. Back in the early days of the crash, I did some of my own work on rentals, but not that much anymore. Now I find real estate companies that help with the fixups and management of homes and invest with them. I also sometimes purchase mortgage notes, but that's not very often and not recently. I have cash in JV and group deals, but recently I'm trying to get away from that, since it's not enough control and the returns and dropping too much for my liking.

Now, I'm looking to lock my cash instead into bread-and-butter rental properties so I can take some time off work and chill for a bit.

I've tried my hand at more active real estate business activity, like doing my own marketing and talking to sellers, etc. but it didn't work out as well.

AMA I guess

Broke looser

Wow, someone who doesn't work for a living feels superior to everyone else.
What are the odds?

>> I do work, as an EMT. at least my work does some good to someone else. My life doesn't just boil down to how many shekels I can squeeze from someone else on whatever superfluous item I can convince them to buy

YES! This is it.

The FREEDOM from the bullshit, and the FREEDOM to do whatever you want

The biggest motivator for me was to never have some dick breathing down my throat every day. To have my hard work directly effect how much I make. To be able to do whatever the fuck I want when I want

Basically to not have to answer to anyone

>> His name is Robert Paulsen. His name is Robert Paulsen. His name is Robert Paulsen.

fuck. you got me!

Forget confidence, starting capital is a must. How many dicks did OP suck to build up his base?

I like to test salesmen too. I live in LA where there are plenty of Armenians who are heavily represented in Sales. I like to ask them if they will admit to me that Armenian Genocide never happened and then I will buy from them.
I'll give you my business but it will cost you your soul, salesperson. Good luck washing that aftertaste out of your mouth.

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Wow a Rich Dad, Poor Dad thread.

I read that book back in 2000. I own my own company so maybe it works. Being a wage slave sucks and while it is still work there sure is better being your own boss.

I tried sales, but I couldn't bring myself to pitch crap that I wouldn't touch with a ten foot pole myself. Good to know I'm not a whore though.

>> Wow, someone who doesn't work for a living feels superior to everyone else.
What are the odds?

No. I put IN the work. I put in 10 years before I could step away :/

I don't feel superior to anyone. I was the kid who barely passed high school.. I'm putting this out there because believe it or not I actually care

(Yes it;s a bit of an ego trip too but I also want to see you fuckers succeed)

Just study the people in power to realize how little of a fuckup you are. The world is run by people who failed up.

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>> How many dicks did OP suck to build up his base?

Just a few

But no I actually started with only $20. I was broke af and had no money

For the first year or so I was buying things for $1-$5 and selling for $10-$30. Very small stuff

You should never sell anything or work for a company who's product you don't endorse. That's being a whore without the potential fun of an orgasm.

Same here, but I run my own consulting gig, set my own hours, choose my clients, etc.

Lots of work but like the other post said, I don't feel like a whore peddling shit.

I fix commercial ice cream equipment. Worlds my oyster. I literally can pick my customers and hours and have an unlimited supply of work at $80/hr plus a 200% markup on average for parts.

>> I tried sales, but I couldn't bring myself to pitch crap that I wouldn't touch with a ten foot pole myself. Good to know I'm not a whore though.
That means you're an authentic salesman. You can only sell what you genuinely can get behind!

Find something you're passionate about and see how well you can do. People value authenticity

Good job, man! And I wager that competition in your niche is fairly slim?

Everything I'm talking about is geared towards people who just want to get started.

There's obviously a lot more to it if you want to build a real business with an audience and strong brand.. but more people sit on the fence when they should just fucikng start

'one step forward is worth 1000 years thinking about it'

I don't know which country OP is from, but if you'd go about buying and reselling things without a license or without paying any taxes, you could end up in jail in no time.

To be fair, OP already knows how to suck dick, so he's well prepared.

Nonexistent. I'm probably one of 5 qualified people in my state and used to work with 3 of the other 5. I actually have customers that pay me fat windshield time to come to neighboring states to fix stuff there. You know they are desperate when they are willing to pay me nearly $400 per call just to show up and I do 3 calls for them at that rate all in one day.

God that's amazing. Have you thought about hiring an employee to help out? Or would they need to be officially qualified too

>> I don't know which country OP is from, but if you'd go about buying and reselling things without a license or without paying any taxes, you could end up in jail in no time.

I'm in the US. Report your fucking taxes you stupid fuck it's not rocket science

Training offered by manufacturer, perhaps?

I wont hire an employee but eventually I will mentor someone and make them a partner. I'm an Anarchist and dont do the whole boss/hierarchy BS. It takes about 3 years of doing what I do to have a clue about what you are doing.

It is kinda nasty sometimes but that kinda scratch buys a lot of lava soap.

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Taxes are NOT my thing, never have been (I know I gotta get more educated on them but they're just so boring).. But I've never had an issue with getting help from an accountant

Just keep track of all your purchases sales and expenses and ask them for advice

The fear of reporting taxes is a sad excuse to avoid making money

Amen, bro. That's why I always tell young safety specialists to go get their HAZWOPER cert. If they can handle getting dirty in the field, then they got the stomach for everything else.

They do but it really is shit. Fixing stuff is more of a scientific process than anything. I dont care what you are working on the basics of troubleshooting are the same. I would take a smart logical person over a factory trained person any day.

Once you learn how to troubleshoot you can fix anything. I do all my own auto repair, HVAC, plumbing, electrical, appliance repair etc. Its all the same, just differential principles and tools. I joke that if you give me enough time with something broke no matter what I'll get there eventually.

>Glengarry Glen Ross
>Always Be Closing
youtube.com/watch?v=IAqYfpqcA_I

Yeah there is a massive shortage of wastewater management people near me. You can make bank with minimum training. Hell all the trades (especially unlicensed ones) are incredibly lucrative now. Make lawyer money without going to law school just because you are willing to work with your hands and in the heat, cold and funk.

You're assuming being someone's boss doesn't suck a lot. Being fucking ceo is even worse. The higher up you get the more of your life is lost

Literally everybody in this thread is lying. I love my job. In the 8 years I've been doing maintenance, I can fix nearly anything.

Or since the IRS has been gutted just fake shit and hope. My last boss was a total crook and embezzled everything from the company (he was the owner). He used company funds for everything. Even got audited by the state and only ended up owning a couple k in backed sales tax.

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who is this sexy beast?

Or you can choose not to play that corporate BS game at all and do fine.

Besides I have a hard time feeling any sympathy for CEOs that work hard and run the company into the ground and still get to pull the ripcord on that fat golden parachute. No CEO is worth more than 40x the median workers salary at the firm. In fact some countries actually cap it in this manner. They can make as much as they can as long as they can lift up everyone.

It's not just the taxes, but well I haven't really read the laws regarding trading, reselling and profit for the US since it doesn't really concern me. In almost any European country you'd have to make a company or register yourself as an individual merchant, because your average household can't have profit. In Latvia, if you'd have more than 3 incoming payments from complete strangers within one year, you'd be placed on watchlist, thoroughly investigated and most likely forced to pay a fine/face jail time for illegal trading. Now even if you made all your deals trough cash, the limit of 3 still applies, and besides that you can't recive/give more than 7200€, and you couldn't really spend it anyway, since if you'd buy anything for a sum of 100€ or more and the system would detect that you had no actual registered income that could be the sorce of that money, the process described above would start.

Do you work for yourself? If not you should. That is a super low entrance cost company.

>The world has convinced you that you're useless and will never amount to anything

You are wrong, I don't work for anyone, I am becoming, I am changing into something else.
I have already opted out of this con, I make my own money I choose to operate outside of the law and pay no-one for my space/rent/tax/bills etc.
You are simply playing the game like everyone else, you are just as much a slave to money, you just think that you are smarter and don't realise that you are in the same trap.
Don't resent your place, you are probably a useful cog to the machine, you just happen to be unaware, I am becoming, you need to change too.
Don't play their game, don't even engage with them or learn their rules, invent your own game.

In the US you are required to pay taxes on all of the profit but that being said unless you make more than about $17k from one source it really isn't reportable to the IRS. That being said if you are audited you are fucked. But they aren't on the look out for small transactions usually

As someone who owns and runs a business and lives comfortably. Your ideology of "Work for the man, you're a bitch" is fucking retarded. It reeks of someone who has never had to work hard to get their spot.

Everyone gets paid to serve one way or
another.

I'm lost
I'm 25 with no high school education and very little work experience
How do I make money buying and selling? What do I buy? I have 6000$
I am planning on buying a car and getting a job but I want you to convince me there's a better way

If you don't understand working for people then you probably don't understand business.

>ONCE YOUR PASSIVE INCOME EXCEEDS YOUR EXPENSES, YOU ARE FREE FROM THE RAT RACE
But user, my trust fund earns enough interest on the interest earned from its capital to do that. I've never been in the rat race.

Friendly reminder that everyone on this thread with the Reddit spacing and the meaningless "financial coach" babble are the same person, even the ones responding to himself.

I'm 25 and worked my ass off in retail to start it.
I now make a decent income from far less work.

There are no easy options, no get rich quick schemes.

Only the poor rely on these things. Like crypto and anything that's a gamble.

Get the damn hell out communism is a shitty thing and I'm sure that every person who works is a bitch. Really! I bet you just sit on your ass all day whining about America and how it should be controlled by commies like you, fuck off.

>I am becoming, I am changing into something else
I like Thomas Harris books too

Who?

To back you up. Bud, name one successful communist country kek

In Latvia VID (State Revenue Service) has a program that calculates and detects potential tax evaders or almost any illegal deals. They constantly check bank statements and will notice if you have any kind of illegal income. Of course, if you sell some things for a couple of bucks and use that money to buy some sweets or whatever, then no one is going to pay attention, but if you start to resell cars and you're not doing it as a licensed merchant or as a company, well you're gonna have a bad time.

Communism does not work because we need markets there has to be some inequality for the system to move. It is the oil that lubricates trade.
That being said it is crazy do you think that letting Capital extract as much value out of Labor as possible in perpetuity it's good for a society either. That's why trade and labor unions have been historically so important. Many other countries besides the United States as workers on the board of companies as well as investors and it works fine.

Are you trying to say China is not successful, or that it is not Communist?

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no one does it ....

Riiiiiiiight.... Thats why ebay is filled to the ass with shit...

My thrift store already does this..

You think niggas is stupid now a days ?

That would never fly in the US because every politician, every bank executive and most wealthy people would be in jail. The only thing that we track seriously is large CASH deposits. We want to catch petty criminals and drug dealers but will let the finance industry rob us blind

China has secluded it's citizens and have brainwashed them so bad thay can't think about anything for shit, and have you seen the conditions the people live in it's deplorable

For most its getting better by the day, here in the us for most its getting worse by the day.

Got the wrong guy

I meant to get the one using China as an example

>secluded it's citizens
>brainwashed them
>the conditions the people live in
irrelevant deflection of the question

Hi guys i am well and truly rich , ill not state how rich , but lets just say well over 8 digits.
This gentleman may have created a nice income stream from his endeavors. However by taking a product and simply increasing the price does not simply create money out of thin air , that's not how money works. When you increase the price arbitrarily it only creates inflation this leads to the value of the currency you hold to drop because you need more of it .
In the end you and every one else are now poorer in the long run for your temporary enrichment.

Well thankfully competition has made it so that bolt cutters and angle grinders have never been cheaper and thus an affordable solution to the inequality

I'm glad you get it my friend.

Yeah it's amazing Harbor Freight sales a hundred feet of rope for under $4. I can order a thousand rounds of 7.62 x39mm FMJ delivered to my door for under 200. Capitalism is amazing

>Capitalism is amazing
...you mean "Mercantilism".

Sure but when were all hanging out together such differences don't matter much

Looks like there's a few of us in this thread riding the same bus

Rentals are a good investment. Gonna be another buying opportunity soon, at historic low rates too. If you qualify.

For FBA where would you look to see what products are trending with a good bsr?

What precisely do you sell. Where do you buy it, for how much, and where and how do you sell it?

Already on it. Closing on another apartment building next month. The southern states have been good to me

What geographic market?
How do you get the cash to start?
What about the hassle of dealing with tenants and costs of maintenance? I know some owners and feel like they’re always complaining about that shit

So you need to be state licensed for this? How do you get it?
Good for you personally bro, but state licensing is SUCH a scam for the public.

>Fixing stuff is more of a scientific process than anything. I dont care what you are working on the basics of troubleshooting are the same. I would take a smart logical person over a factory trained person any day.
This. I’m like you and can figure out how to fix most stuff. But to me my time is more valuable than that. But it’s why I hire smart inexperienced handyman over some licensed dumbass plumber or whatever

China isn’t communist

low iq CHINKS like you are finished

Well, that's what careers are for.

>What geographic market?
I'm in several states already with my rentals

>How do you get the cash to start?
Save up from my W2.

>What about the hassle of dealing with tenants and costs of maintenance? I know some owners and feel like they’re always complaining about that shit
In my experience, maintenance isn't all that bad and I hire a management company to work with tenants. I've self-managed before, but now that I invest out-of-state, I don't anymore.

Where did you buy? I've been looking at multifamily in quite a few places, but the numbers never worked out. with everyone and their dog wanting to be a syndicator, people are overpaying for places.

What states/cities are you in and how did you pick them?
What is a syndicator?

>What states/cities are you in and how did you pick them?
I'm in TN, TX, VA and probably soon to be AB. I always pick first by management company. A good management company can turn a meh investment good, but a bad company can turn a good investment bad. Second, I go for places with decent job market. Third is price-to-rent ratio. Fourth is appreciation.

>What is a syndicator?
It's a person that finds a deal (usually a bigger multifamily) and then finds investors to buy it. They get paid to manage the asset, they pay out the investors the lion's share of the cashflow, and decide when to cash out. Then the equity / lift is split between the investors and the syndicator.

Lmao this faggot. I make 220k/year and invest in property, I own 2 homes in northern Montana, 1 house in Ontario and another two properties in Alberta. I gross about $12.5k/month on those properties and only pay 6k in mortgage, I've barely paid any of my own money into these homes and make a shitload off of them. I hire independent companies to do inspections every 90 days and find renters. The renter's pay the mortgage and once the mortgage is paid off I sell it for extreme profit. The rent I charge is high enough to keep away all the niggers, spics, towel heads and welfare bums with kids. I've bought and sold 3 homes for a profit of just under $850,000 since I started doing this 12 years ago while still working at a job I love making good money.
Everything considered, I've cleared almost a million in profits with absolute minimum input or effort from myself for a guaranteed return. Fuck off with your meme bullshit.

This meme of buying low and selling high only works if you have the means to increase volume drastically and continuing with trends, while literally EVERYBODY else is doing the same get rich quick trend of drop shipping, buy low sell high bullshit.

Thanks. I self manage here in TX. I’ve tried several management cos but have never found one that was both good and honest. Other friends in the biz in other states tell me the same.

This is what's wrong with the country leeches thinking being a middle man is the greatest thing no ones thought of, this is one of the big reasons this country will burn. No product or service offered

>thumbed down

Yep, you know what I'm talking about then. Management company is crucial. Which city are we talking about? Maybe I can make a suggestion.

Thanks. Austin but I actually want to start investing up north. So better than a recommendation would be advice on how you pick and find a good one. Because I’ve never found or even heard of a really good management company. (I have heard of good funds that aggregate investors, but not ones that manage for independent third parties well)

Bump - I'll answer soon here, just tied up at the moment.

Well, first I start with a recommendation if I can. Usually I can work my network in either the REI or the FI/RE community to get some personal stories. But if that fails me, I can also go to biggerpockets.com and ask around. (I usually vet syndicators and JV'ers here as well)

I then have a phone convo with the acquisition and the prop mgt team to get a feel for their process. I have a list of questions for them and I go through those.

Then if that looks good and the numbers are decent, I go down for a flydown to see the product, neighborhood and meet the team face-to-face.

That's about the extent of it. I can provide my questions if you'd like.

If you have a traditional job working for an employer, you are providing that employer with a service, for which you are compensated.

If you sell stuff to people, you're providing them a product, for which you are compensated.

It might feel good to think that you're your own boss but at the end of the day you income is just as dependent on other people.

>I can provide my questions if you'd like.
That would be awesome.

Also where in America do you think are the best cash flow returns in terms of rent? I’m skeptical of long term appreciation but I agree with your other factors.

Do you rehab or just buy turnkey?

Thanks for the awesome info.

Here's my questions, hope they help. And they are usually just a guideline, let the conversation go where it wants to and then use the questions to "course correct" so you don't lose your place.

Tell me about your company, and your role.

What are the major areas of CITY? What are some neighborhoods you recommend and why

What do the returns look like in those neighborhoods?

What type of investment do your clients do best with, SFH or multi? How many units do you usually see?

What type of rehab level / cost do your deals usually come with? Any common repairs you see in this area?

Do you work with a licensed contractor to help with larger jobs?

Do you also do property management? What are the fees you charge for this?

Have you helped purchase any larger/commercial multifamily investments?

Do you have an in-house / preferred lender?

What's the average vacancy time? What are the best times of year to rent?

What's the market for student housing?

Can you share a few people for reference that I can call?

It’s easy to shit on middle men, but they serve lots of valuable roles. If they didn’t add value they wouldn’t exist.

Case in point is Amazon. Literally all they do is middleman. Who don’t you buy everything directly from a wholesaler? Why do you buy pants at the gap instead of from the sweatshop?

In fact almost every business you encounter is a middle man. Why not:
Do your own taxes?
Buy gas wholesale?
Distribute your own electricity?
Own your own house?
Capitalism kills off pointless middle men except where regulators and governments force you to use them

Awesome thanks.

>Also where in America do you think are the best cash flow returns in terms of rent? I’m skeptical of long term appreciation but I agree with your other factors.
Right now, I'm looking at Montgomery just because a FIRE guy (Rich Carey) I reached out to has had good results and he recommended some folks. Always get personal recommendations if you can!

I also know a guy (another FIRE person) who does work in some areas outside of Atlanta, but I haven't really started vetting that yet. (Meeting with him next week.)

If you're feeling a little spendy, you can also check out Charlotte, NC. Spent a lot of time vetting that town and would recommend Prism Properties. I however will not be buying there since the cashflow isn't as good. But you definitely will not be short of renters. Demand is high and it's definitely a good mix of cashflow and appreciation, which you won't find in places like Montgomery.

>Do you rehab or just buy turnkey?
Either / Or. I'm getting to the stage where I'm now an all-cash buyer, so self-funding repairs don't scare me as long as the cashflow is there. I've managed contractors myself too, but out-of-state, I need boots-on-the-ground, which is why a company needs to be able to do that for me.

I do acquisitions and management in Philadelphia. This is a great set of questions to ask any manager. Also my two cents: the more your manager has skin in the game the better. They shouldn’t make money unless you do.

user any thoughts on the reverse question: how do I find investors, especially nationwide? I’ve been managing personal and family properties for years and trying to grow my business with outsiders.

That's still time op. Takes time to do all that shit. I do both, bill for time and sell shit.

Dope. Based on what you said Charlotte is a pass. I like cheaper props with higher cash flow. Which is why I want to get out of Austin. I’ll check out Montgomery.

>I do acquisitions and management in Philadelphia. This is a great set of questions to ask any manager.
Thanks, feels good to have my questions approved of by a professional. I'm not professional (yet!), but I plan on getting into RE seriously once I'm FIRE'd. Are you hiring? I work cheap, LOL.

>Also my two cents: the more your manager has skin in the game the better. They shouldn’t make money unless you do.
That's a very good point. The people I spoke with in Montgomery do charge a small fee for vacancy, but they do weekly inspections on vacant properties. And in some of the places there that are C-to-D-ish, that may be very justified.

>user any thoughts on the reverse question: how do I find investors, especially nationwide? I’ve been managing personal and family properties for years and trying to grow my business with outsiders.

I can help you with that. Check on the Mustachian and Early Retirement forums. Many of those guys are straight-up index fund fanboys, but not all of them. If you know their numbers and can speak their language, they've got money. Not all are accredited (especially the younger ones), but they often have a high salary and can qualify for required mortgages.

>Wow, so I just realized that this is Yea Forums - this is a pretty hard-hitting thread for this crowd.

Keep posting op, im here

What do I do after I have made a good chunk of money?

Sure thing kiddo

>Are you hiring? I work cheap, LOL.
Wasn’t planning on it, depends what you had in mind. I’d definitely be open to paying commissions on bringing in business.

I’ll check out the forums. Can absolutely relate to index investors because I am one. I see RE as a business and distinct from retirement investment. My biggest weakness is that I’m not a self promoter by nature. I always feel self promotion and quality of work are inversely proportionate. And is shilling even allowed there? Lol

And b has always been occasional gold in seas of crap! I’m sure the crowd is above average iq.

>I see RE as a business and distinct from retirement investment

Interesting - tell me more. I've mostly poo-poo'd index investing just because it's almost all appreciation with poor cashflow. But I have been recently using it specifically to offset my mortgage debt more quickly than actually paying it down. My theory is that once I have cash in an index equal to my debt, I'm "debt free", only with better protection against inflation.

But using it as an income source seems like a misuse of it completely.

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It’s honestly a much longer convo. But for long term investment, like retirement, cash flow versus appreciation is a meaningless distinction. Appreciation can become cash flow by selling some shares. And appreciation is superior if the cash flow is taxable.

I’ve had your exact thought re building a stock portfolio equal to my debts. The downside is that the stock portfolio has more volatility, so there is liquidity risk.

Happy to talk more and explain the math if you have a burner email.

Sure thing, chief, here you go

[email protected]

Someone been watching warren buffet on compound interest to try sound smart on Yea Forums ?

>mfw Rolex watches are in a decline

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So you will get nowhere in life we must all be merchants ?

>i produce nothing, just extract profits and contribute nothing, not even taxes
happy_merchant_rubbing_his_hands.jpg

Just emailed you. May have missed the boat if it’s a 10 minute mail type thing.

How do you know he doesn’t pay taxes?

Calling everyone who tries to improve himself a Jew is a sure road to riches.

Gee dipshit I didn't know this I will be sure to take your 1995 chink advice to from door to door like in Mexican soap operas

Thank you for ruining my father enjoy your filthy niggers in what little there is.

I got it and wrote back. Sharklasers is a pretty good disposable email, it keeps around for as long as you hold the window open I think.

Fun fact Robert's first piece of advice is to have a daddy place you in an important job working for someone or be sponsored to be a music artist or an actor

Well, anyway, I think it's time to get offline for now.

Have a good night everyone

Fuck you bitch

There was this guy selling steaks here in Texas outside of a mall. Besides that all official and shit.

He was cucked out of his mind. No way in hell that is a healthy profitable business.

Ah Yea Forums, never change...

well i bought your mom for bottom basement price, but i can't find anyone to sell her to and make a profit.

I suppose people don't don't what to buy and don't know WHERE to sell it.

I don’t understand your post. The guy you’re responding to is talking about real estate management. What is the connection to a cuck selling steaks?