Archived threads in /biz/ - Business & Finance - 7491. page

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Complete the house, and rent the basement out to either a couple or two separate people.
Price the rooms comparatively to what a dorm room costs at your nearest college/university if you're near one, and if you're not, make sure it's priced comparatively to other rented properties in your area. If shitty ass two bedroom apartments that are small in an apartment complex are being rented for $1000/mth, you can get more than that easily. You are offering a brand new, clean, never been lived in, LARGE two bedroom apartment.

Now, use their rent to pay your mortage off. Where I am, shitty fuckin dorm rooms are rented for around $600/mth. That makes renting the basement to two students EASY for $1200/mth, because it's the same price as a dorm but a hell of a lot nicer. We're close to a university, so that allows us to be a bit more choosy with who we want living there as well.

With the mortgage being $1150/mth and rent coming in at $1200/mth, any amount of money you are able to save is able to be chopped right off of your mortgage. My fiance and I budgeted ourselves around $1100/mth, so I know we are comfortable with giving that up. So we put that on top of the rent, and the mortgage gets paid of way faster.

By renting the basement out and also holding ourselves responsible for "paying" the mortgage ourselves as well, we are able to pay off a shitpile of the mortgage over the course of two years. The interest in the first year was around $6500, and we're aiming to pay off close to $28k. The second year we'll pay off a similar amount, but the interest will be less.

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In two years time, we'll be able to sell a house that we initially paid $230k for, and have the mortgage paid down to ~$190k, for $300k.

That's $110k in our pockets, but we paid ~$55k into the mortgage on that. Now, we could have done that right off the hop (sold it), but the house value is still pretty much "brand new" after two years. Also, if you don't live in the house for at least a year (I think) you get taxed on all that. So you might as well live in the new house you just designed and built for a couple years.

So basically you start with fuck all, nothing, and go to SAVING ~$50k over the course of two years for living in a new house and renting the basement. You don't even have to sell it, if you stay there and continue doing that, you'll have the mortgage paid off in EIGHT YEARS. The bank gave you the money hoping it'd take 25.
Now, you don't have to pay the mortgage off that fast. If you're okay with giving the bank way more in interest, you can have your tenants pay the mortgage for you forever. You're still on the hook for property tax and utilities and all that, but not having a mortgage in a brand new house is pretty sweet.

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Here's the numbers because I know people will try to say that it's bullshit. You need to make enough money in order to support an $1,100 mortgage payment, that's it. If you can make the mortgage payment, the bank is happy to give you the money and rape you on interest over many years.
Those of you paying rent probably pay close to that already.
My bank is CIBC so I used their mortgage calculator for reference.2.79% on a two year fixed rate
https://www.cibc.com/ca/mortgages/calculator/mortgage-payment.htm
>First year
$230,000 + $6417 interest = $236,417 owed
Payment is $1,064/mth = $12,768 per year
1200 in rent x 12 months = $14,400 per year
You are paying $1,100 per month = $13,200 per year
So you're paying off $27600 total minus the interest per year

Which means, after the first year, you owe $208,319
>2nd $208,319
>3rd $186,028
>4th $163,112
>5th $139,551
>6th $115,329

So now you've lived in your house for five years. The bank will make ~$3200 off of you in interest the following year.

>7th $90,426
>8th $64,823
>9th $38,501
>10th $11,440

And obviously the entire mortgage is paid off in the 10th year.

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Neat

Thoughts anyone? Small investor here, not giving financial advice etc. But highly likely big money hopefully. I'm a peasant lol. Research is showing good things though, earlier news said, Alibaba wants to buy them, then 33 million shares purchased ? Any experienced stock investors or day traders in here?

Lol how the fuck is alibaba a competitor for amazon

>>1100104
I see what you did there....

>>1100104
thanks, anon. this is a fucking brilliant stock pick. rarely does one witness such moments of serendipity!

I'm going long on this so am buying HIGH and selling LOW

>>1100104
Can I trade my ETH and Bombardier stock for it?

Why not?

>>1099965
> fell for the real world meme instead of buying eth

Top cuck.

>>1099965
Real estate generally has time and financial costs of doing business. Fixing shit, maintaining shit, meeting with real estate companies or potential renters, things like that.

Stocks you check up on now and again, but that's it (assuming you're a long term investor, and not a meme day trader).

>>1099615
Are you just an income beneficiary? Is it an irrevocable trust your parents set up? If you are just an income beneficiary you may be able to set up a credit card under the name of the trust and spend away.

This is assuming US is the country.

>buy thermometers
>put them in freezer
>mercury shrinks to tiny little balls
>put it in your parents' coffee
>wait

Be smart and pay in cash. Be smart and drive 2h away to shop. Be smart and don't buy multiple at once.

>>1099651
>irrevocable

it might be, I know very little and I know that isn't helpful

>>1099324
I'd argue that the advent of low-cost brokerages and in particular online brokerages is equally to blame.

It used to be that getting into the markets required that you hired a stockbroker, a respected professional who from a reputation standpoint was on par with doctors, lawyers, and accountants. And while the financial merits of stockbrokers and their fees can be debated, there's no question that they served as gatekeepers and failsafes to prevent people from getting into stocks who had no business getting into stocks.

Then stockbrokers started marketing to the masses. First as scams, and later as legitimate "low cost" brokerages. Stocks for the people became a popular selling point, and every moron with a phone could have their own brokerage account -- and none of the advice or restraint that would have come from a professional broker.

Theory: Do-it-yourself stock picking started (or at least massively magnified) the wealth gap in America.

Finally, we come to the current age and current generation, who "play" stocks on their phones like it's Flappy Bird. As OP said, stock have become completely decoupled from the companies that issue them. They're just notifications on a phone screen.

Fortunately, indexing arrived on the scene not long after brokerages opened their doors to main street. John Bogle created a way to democratize the the markets while minimizing the side effects.

Ironically enough, I doubt he realized at the time what studies would later prove: he'd discovered the most efficient, most optimal way to invest for the long-term player.

Interesting stuff OP. Thanks for the post.

>>1099324

> le everyone is stupid except me meme

This is true try to make money out of it faggot.

>>1099324

t. Benjamin Graham

It will definitely go down! Unless it goes up

>>1098943
It will definitely go up! Unless it goes down

It will go neither up nor down

>>1098408
Is this picture a video game logo?

>>1098408
Nice try, Illuminati Saturn-worshipper

>>1098408

NO I WILL NOT IGNORE

WHAT ARE YOU DOING AND WHY

WHO ARE YOU MAN
WHO ARE YOU?

>>1097902
Sony or Facebook.

>>1097917
Get the impression Fb has had its day, it will be around for maybe 5 years more then get replaced.
Sony, I haven't heard anything about so don't really know.

>>1098172
Well youre feelings are irrelevant to commerce. Facebooks positioned to be a top player in VR

>met up with friends from high school
>losers
What does that tell you about yourself in high school?

>>1097689
At least he doesn't have to suck the boss man's cock everyday

/biz/ is such a shitty board that even our bait and troll threads are shit

Might as well merge this board with /vp/

>>1092016
>Infinitely programable money

And today in "meaningless shill phrases"...

>Meetups
http://www.meetup.com/topics/ethereum/
>List of DAPPS
http://dapps.ethercasts.com/
>How to set up your mist wallet
https://www.youtube.com/watch?v=Z6lE0Ctaeqs

>Important tokens/DAPPS
>decentralised prediction market
http://www.augur.net/
>decentralised gold
https://dgx.io/#/
>stable coin
https://makerdao.com/
>slock.it
http://slock.it/index.html

mining info go to r/ethermining

Technical & DApp Development

>Ethereum Stack Exchange
https://ethereum.stackexchange.com/
>Official Guide
https://ethereum.gitbooks.io/frontier-guide/content/
>Official Tutorials
https://ethereum.org/
>Solidity Documentation
https://solidity.readthedocs.org/en/latest/
>Javascript API
https://github.com/ethereum/wiki/wiki/JavaScript-API#getting-started

>official subrebbit
r/ethereum
>marketplace for individuals exchanging goods and services for Ether
r/ethmarket

>>1099492
get fucked, fucking stealing taxpayers money. don't be part of the problem, be the part of solution

>>1099496
:^)

>>1099492
It works as long as your laws don't make you become "married" and then you have to answer for her problems etc.
It happens in some jurisdictions.

>ETH/USD
Wtf are you doing

hold it, you dummies

>expecting massive gains in a week after a 500% increase YTD

>>1099590
>eth

You spent 5k on imaginary coins? Should have given it to me, I could have gotten you pounds of crypto gold or a crypto car. Shit, maybe even a crypto apartment.

>>1099423
buy the fucking dip you fucking idiot

The fact that it's going to rise 10 points this year? Why do you think? Why does someone like Buffett do anything? It's an opportunity.

>>1099430
Apart from the fact that any stock Berkshire puts its hands on will inevitably rise thanks to herd behaviour, why was Kinder Morgan a good company to invest in? Why is it going to rise this year? Why did no one else see what Buffet did?

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>mathematically backed technical indicators

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>>1099272
>animal spirits

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>>1099272
>fundamental analysis
>index funds
>no quant strategies