/biz/ - Business & Finance

[Anonymous No.16784830]

God, how do you faggots do it? Being a wagie is the fucking worst. I've "made it" by average standards. Got a graduate degree, a good job in a respected field getting me about $76k/yr. But god damn I am burnt out. I want to kill myself every day. I faked being sick today just so I can TRY to think of a way to dig myself out of this misery. Thinking about just throwing in the towel and going NEET for awhile. I have $50k in the bank and about $40k in crypto. Honestly, I wouldn't mind just going back to a supermarket and stocking shelves again.

Thanks for reading my blog.

[Anonymous No.16784847]

>>16784830
do it anon, go part time on a cushy job so you can focus on other stuff yourself.

unless you have no other projects in mind then keep tryharding till you get ideas.

[Anonymous No.16784858]

>>16784830
are the trivial aspects of existence too much to handle? were you raised by desert cultist (ie christians) who told you utopia exist?

[Anonymous No.16784877]

>>16784847
Honestly, I have not projects in mind. I just want to get /fit/ again and listen to /mu/sic. I am a skinny-fat, docile, wagie cubicle loser. I don't know how anyone can do this shit.

>>16784858
>are the trivial aspects of existence too much to handle?
For me, right now, yes. The stupid grind, the office politics, the feigning interest in whatever my bosses say. I don't believe utopia exists, but hell certainly does.

[Anonymous No.16785156]

>>16784830
You have options.
1) Tough it out and store more money while saving as much as possible so you can travel.you currently have 50k in the bank, aim for 150-200k and by this time you'll have experience and money so you can quit, travel, relax and find out what you really want to do. Don't burn through your money.
2) Take that 50k, buy a house and flip it for profit. An alternative to this would be to take out a mortgage on a house and rent out rooms for 1.5 - 2k a month.
3) You have 50k and that's a lot of money. Learn to day trade, there's a guy called zed monopoly on YouTube that seems decent.
4) Learn ecommerce and business.
5) Find a hobby or find ways to work less hours, see if you can find a way to work from home.

[Anonymous No.16785172]

>>16784830
>God, how do you faggots do it? Being a wagie is the fucking worst
>Honestly, I wouldn't mind just going back to a supermarket and stocking shelves again

[Anonymous No.16785184]

>>16784830
>$76k/yr
>made it

[Anonymous No.16785200]

Quit your job OP, it's clearly not making you happy. Happiness and health are more important than money.

[Anonymous No.16785203]

>>16784830
Why not start investing in a rental property? You clearly have enough cash saved up.

[Anonymous No.16785204]

>>16785172
I take it you haven't worked "prestigious" jobs yet. Money doesn't buy peace of mind. If you stock shelves, that's it. You clock out and you're done. Other jobs keep your thoughts occupied 24/7, even when you're at home or in bed. It's a real talent to be able to just not think about your job when you have a lot of responsibility.

[Anonymous No.16785213]

>>16784830
I make the same as you with a 2 year degree and experience, lmao you’re pathetic.

[Anonymous No.16785278]

>>16785204
>76k a year
>"prestigious"
>giving 40hrs/week of your life to Shekelstein for minimum wage
>not wagging

[Anonymous No.16785333]

>>16784830
You seem to be suffering from severe alienation.
Do not kill yourself! It's not because of you, it's because of the society you live in.

Try to read the book "Capitalist Realism" by Mark Fisher. It's a short read. You can get a free pdf of it on the internet very easily. It may give you some answers to how you're feeling right now.

[Anonymous No.16785355]

>>16785333
I’m not reading your book Mark, I don’t care about your trips

[Anonymous No.16785390]

I am not sure how I manage. The busy-work keeps the void away. But it also stops you from thinking. You can't plot an escape if all you're doing is reacting to what is demanded of you, living as if you are constantly drowning because of stress.

[Anonymous No.16785423]

Im an english teacher in Thailand.
I am socially akward, i have to think of how i will make a full lesson last 1 hour every day when i get home, I have four lessons a day, I have to punish kids to get them to quiet down and I earn literarily $1100 a month.
It never crossed my mind id end up being a teacher.
Im also the fourth teacher that class has had, the other three quit.
I want to be able to say that i worked for a full year somewhere and have it on my resume, but man this is tough...

[Anonymous No.16785437]

>>16785213
AND I spend my work day dicking off on my phone. Lmao you’re such a little bitch.

[Anonymous No.16785442]

how old are you?
it was hell during my early 20s. i dont care anymore now. you will slowly die inside and just dont care about anything anymore.

[Anonymous No.16785443]

Just become a consultant with near full autonomy. I work at home 3 days a week and just jerk off while taking a few calls. Life’s good and pay is good.

[Anonymous No.16785452]

>>16784830
Keep at it anon. Invest in passive income if you do it right you can clock out for the last time in 5 years.

[Anonymous No.16785457]

I'm right there with you OP. Also called in sick today so I wouldn't have to drag my sorry-ass to the cube.

Should be looking for new jobs or working on a project but instead I'm shitposting on /biz/. I think this is our issue.

[Anonymous No.16785462]

>>16784830
i just wait for my office depot boss to go away and lock the store while im in it and play pubg mobile

[Anonymous No.16785565]

>>16785443
Consulting what though? I've heard of people doing this, but you must be veey established in your field then, correct?

[Anonymous No.16785571]

Is it really that bad? I'm 23 and about to start my first proper full-time job after a year freelancing. I'm kinda worried about submitting to the wageslavery

[Anonymous No.16785599]

>>16784830
You’re too red pilled for the cage.
Most don’t know how it works.
You’re also probably a high functioning autism like many here, and therefore hate social convention (such as wage slaving)

[The Devil !!IS5d++ZfZqB No.16785624]

>>16784830
Take the homelessness pill.

[Anonymous No.16785629]

>>16785571
Nah just weak people who thought they'd be Harry Potter.

[Anonymous No.16785636]

>>16784830
I work 60 hour weeks and take home 30k annually. Stop whining

[Anonymous No.16785638]

>>16785442
This except I go all in on crypto with all my money and will give it 5 years before I kill myself

A 10x from here I can retire

[Anonymous No.16785639]

>>16785599
>You’re also probably a high functioning autism like many here, and therefore hate social convention (such as wage slaving)


No, he's just a pussy. Everyone hates their job, and would much rather be doing anything else. Get used to it or kill yourself.

[Anonymous No.16785648]

>>16784830
>I wouldn't mind just going back to a supermarket and stocking shelves again.
god damn nigger why are you taking the jobs

[Anonymous No.16785650]

>>16785172
Yeah, you're a fag. I liked my supermarket job. Low stress, get to bullshit with cool people, eat produce all day. It's probably why i still work there on the weekends, while my cushy office job is so so at best. Way more stressed and tired, but i can't just quit because i for student debt

[Anonymous No.16785657]

>>16785599
This is very true.
Socializing is for faggots especially in a work setting where you're forced to do so when you really don't feel like it. I don't wage right now but if I had the choice between tasting my own poop every single day of my life or going to work 5 days a week I would choose tasting my own poop. That's how much I hate it. I would taste my own poop.

[Anonymous No.16785672]

>>16785639
Underlying mental conditions make wageing ten times harder. Are you a fucking retard or something to not understand that?

[Anonymous No.16785674]

>>16785437
You live in a high cost of living area?

[Anonymous No.16785708]

>>16785636
Congrats loser

[Anonymous No.16785732]

No one thinks OP is just another LARPing NEET, coping with the fact that he'll probably never work a decent paying job, to try to fool his fragile little ego into thinking he's somehow better off being a loser?

[Anonymous No.16785733]

>>16784830
I would cash out all $90k and keep your job for the time being. Take the $90k and invest it into Commercial or Industrial Real Esatate. Assuming you have good credit, you could obtain an LTV of 20%, with $90k that gives you $450k in purchasing power. Buy a smaller (6k-10k SF) industrial building. Make sure you can add value to this building in some way shape or form, the easiest methods are through renovation or lease up. Lease the unit as is, or chop the building into two-three smaller tenants (called Flex spaces). When formulating your lease, use a triple net (NNN) structure, this passes every expense through to your tenant(s). Taxes, insurance, common area maintenance, utilities, etc are all paid for by your renters. At $450k and an 8% cap rate, you would have an NOI of around $36k. Pay down your debt service for a few months and then start rolling the money into new deals of similar structure. Form an LLC for each building and always sign non recourse loans. You should also look into 1031 exchanges and how powerful they can be. Before you know it, in 3-5 years you’ll have a solid portfolio built up and have reliable passive income which will allow you to quit your job. Take advantage of historically low rates while you can anon.

t. 27 unit industrial owner profiting $15k+ month after debt service

[Anonymous No.16785734]

>>16785672
I was diagnosed with ADHD, autism, and anxiety as a teen. I even had a suicide attempt and have been to mentalinstitutions three seperate times during high school and college. I realized that life wasn't going to get any easier if I didn't take responsibility for my actions and decided to learn to live with the grind. Most of you don't actually wanna face the facts that all your "problems" are all in your head. Learn some self-control and discipline and you'll realize you arent mentally ill snowflake. You're just fucking lazy and bored because modern is literally too easy in the first world.


Things can easily always get worse, but if you want them to get better you gotta put in the work. Accept it or don't. I don't care.

[Anonymous No.16785763]

>>16785734

[Anonymous No.16785802]

>>16785763
Bismuth?

[Anonymous No.16785822]

>>16784830
Fucking Christ wagie, just call in sick more often, leave the car and start using your god damned body. Stop eating dogshit every day, lift weights and make sloppy passes at women at work to get the risky caveman rush. You should only be working 40% of the time.

[Anonymous No.16785831]

>>16784830
Just bear with it. Better to work 10 years and never work again then to spend your entire life working

[Anonymous No.16785937]

i make 80k working 30 hours and it still feels like i work too much. after seeing how italians and many europeans live/work i have no desire to be a part of this shit eating boot licking system here in the states.

[Anonymous No.16785945]

>>16785937
Yeah but Italians and Europeans don’t get to live the luxury lifestyle afforded to many of us here in the states. It’s really not that hard to get wealthy anon, smart leverage is your friend

[Anonymous No.16786011]

>>16785945
Yep, I work 50+ hours a week in a warehouse and make about 40k because of OT. I'm currently in the process of becoming a teacher, but the wealth in the America insane.

Our taxes are incredibly low, credit is easily accessible and low risk, so you can buy a large home or nice car relatively quickly. 30 hour workweeks are great if you only want the bare minimum in life. If you want more in life, you're gonna have to put more hours in.

[Anonymous No.16786020]

>>16785423
Keep your chin up brah!

[Anonymous No.16786023]

Why larp on an anonymous bison herding forum?

[Anonymous No.16786131]

>>16785733
Why is nobody replying to this post Based AF

[Anonymous No.16786227]

>>16786131
Because Biz only wants to talk about making money the easy way. As soon as you put a legitimate course of action in front of them it’s back to shitposting. Sad reality but many of us were destined to stay poor

[Anonymous No.16786255]

>>16786131
Realistically because most of us don't have 90k just sitting around to heed any of his advice so what's the point? The problem with /biz/ is that so many people make 60k+ and complain about how broke they are but don't realize that even for Americans they are doing very well. The median income is like 38k so that guy's advice only matters if you're stupid like OP and have 90k just sitting around in cash/shitcoins.

[Anonymous No.16786278]

>>16784830
You're putting too much effort in at work that probably won't be rewarded. Slowly lower the bar for your performance so you don't burn out and have more energy away from work.

[Anonymous No.16786294]

>>16785733
Finally some useful advice

[Anonymous No.16786297]

>>16786255
Median income is 30k which is like 20k after taxes. Things are really worse than you think

[Anonymous No.16786356]

>>16786023
To cope. This is the only place where you can pretend being a loser is better than earning a living & people will agree with you

[Anonymous No.16786358]

>>16786255
Raise money through private equity or through a partnership. If you go the partnership route look into the two major ownership types and decide which is best given your unique circumstances. The two majors are: Joint Tenancy or Tenancy in Common. Both will afford exclusive rights to each party and should be carefully considered. $90k really isn’t that much if you can get a few people to chip in. Smart leverage is extremely powerful, the general saying is “always use other people’s money”. There’s a reason almost every wealthy person has a significant portion of their portfolio allocated to Real Estate. Good luck anon

[Anonymous No.16786440]

>>16784830
You being a miserable sack of shit has nothing to do with your job. You'd be the same miserable sack of shit with passive income, or "making it" in crypto, or any other daydream that's passed around /biz like a toy.
Don't like your job? Quit. Go be a kayak guide or something. But just stop whining, for fuck's sake.

[Anonymous No.16786515]

>>16785945
I respect your reply but cannot in good faith agree. Most American luxury goods are made and come from Europe lol. Every yacht, every expensive food dish, etc. I understand that Americans can afford these things at a higher rate, perhaps, but to me this just says that America has a far greater inequality of income. Lets face it, wealth IS a zero sum game in society, and for every American that owns a yacht there are 100,000 feudal slaves that live in squalor and poverty. I must also mention that most countries in Europe share a far greater generational wealth building ratio than the states. Only the smartest and craftiest jews that come to the USA make their fortunes, but they almost ALWAYS have a dual citizenship and retreat to a different country to live and enjoy their riches in afterwards.

[Anonymous No.16786547]

>>16785636
>Because I got it bad, everyone else should shut up about being miserable

Stop trying to turn things into a pissing contest. We’re all on this board with the purpose of escaping wageslavery and having a better life.

[Anonymous No.16786567]

>>16784830
OP it sucks but it could be way worse. Just focus on investing and trying to achieve financial independence so you can retire early.

Here's what I mean by worse. I went to college and did all that stuff, didn't get a graduate degree though. I'm only making $17 per hour. I don't have any significant savings although I have about 7k in stocks. Chances are unless I go back to school or get really fucking lucky I'll never "make it". I know working a shitty job is awful, but if you're making good money it's best to stick it out as long as you can

[Anonymous No.16786595]

>>16784830
>made it by average standards
No you really haven't. In comparison a neet has made it. You willingly put yourself into coroporate bondage, willingly made the choice to spend your life as a slave. What you feel now, is not having made it. It's what it feels like when your soul is shattering like glass.

[Anonymous No.16786675]

>>16785571
It just depends on your job. I know plenty of "wagies" like OP who make decent money and they are genuinely happy. It also depends on where you live. I'm in the midwest so 76k per year is solidly middle to upper class and more than enough money for most people. But if you're on the west coast or new york that won't go half as far

[Anonymous No.16786678]

>>16786515
I see what you’re saying but disagree. When it comes to generating wealth, the United States is by far the most advantageous place to do so. There is a reason there are millions of people trying to illegally get into this country every year. The opportunity provided here is second to none, you just have to be willing to work for it

[Anonymous No.16786745]

>>16785733
Saved for later, anon. Thanks.

[Anonymous No.16786923]

>>16786745
You’re welcome. Be sure to educate yourself extensively on your real estate deal before taking on the endeavor. RE is capital intensive so you want to make sure you have your bases covered before committing

[Anonymous No.16786971]

>>16786923
Any good resources you'd recommend reading upfront? When I go back to work tomorrow and stare at my wagie screen for 8 hours, I might as well be reading this kind of stuff.

[Anonymous No.16786999]

>>16784830
For me, it’s always depended on where I’ve worked. I’m 27 and have worked at 5 “prestigious” companies since graduating at 23 (first was contracted, next I left after a month, next I stayed at for 1.75 years, next I got laid off due to a reorg, and now here I am).

Some might call me a fag, but the companies I’ve liked were always the most were the social “start up” ones. Waging sucks, yes. But find a company where you like the people you’re with, at least. Good work perks (unlimited vacation), good location, etc. Don’t settle for less anon. As for salary at these companies, I have jumped pretty significantly. Was at 70k starting last year, now at 95k. Your salary will increase dramatically over time. Also means your investments will.

[Anonymous No.16787026]

>>16785733
As someone that works in investments, this all makes sense. The only risk is having tenants and cyclicality of the market where youre buying these. Any short term weakness in the economy will dent your cf stream with huge debts you cant service.

[Anonymous No.16787107]

>>16787026
Agree and disagree, generally I think you are right but you can also hedge macro downturns through the types of tenants you lease to. In 2007 my 27 units only hit an 8% vacancy, which only lasted for 3 months before I returned to 0%. My strategy was to lease to “recession proof” business (yes I know nothing is 100% recession proof but you get my point). These businesses performed well throughout the downturn and I never had an issue with cash flow. My properties did take a hit on the books value wise - but I just held through and let my cash flows ride. You just have to be very particular with your tenants and be sure to perform proper due diligence

[Anonymous No.16787120]

>>16786971
Just spend some time lurking on BiggerPockets. A lot of it is amateur stuff but you’ll learn quickly through the forums. After awhile start posting and be active there, learn from others basically. I went to school and got a masters on real estate finance so most of my knowledge came from college and working in the field

[Anonymous No.16787214]

>>16784830
>>16785733


Based af anon. Nice one.

[Anonymous No.16787379]

>>16787214
Thank you. For you and everyone else still reading: if you are serious about RE investing, be sure to know how to properly conduct a discounted cash flow analysis (DCF). This takes the time value of money into account on your returns over a certain amount of time. Also, a partitioned IRR statement is a good tool to use, it helps gauge the risks associated with the returns on a building. The returns are partitioned into two categories, return from cash flow and return from property appreciation. A building is deemed less risky if more of its returns derive from cash flow (its much easier to predict what you can get in rents than it is to predict what your building is worth in 10 years). All of these can be assembled and put together to show a lender in hopes of receiving a reduced rate.

[Anonymous No.16788050]

>>16785733

I don't understand the single word of what you've said but I'm willing to educate myself. Anything you'd recommend to start, anon?

[Anonymous No.16788068]

>>16785734
Do you take any medication?
Should I shut up and take my addies?

[Anonymous No.16788071]

>>16788050

btw I'm European and I think most advice on the internet is mainly for the US region and the things are different here, less business friendly

[Anonymous No.16788107]

>>16788050
If you live in Europe I can’t really help you, I’m not familiar with those markets and the tax laws surrounding them. I also have no idea what type of financing would be afforded to you there. I would start simple, maybe go on BiggerPockets and see if there is a Europe section. As you mentioned, the US is really the capital of where these types of deals are possible.

[Anonymous No.16788155]

>>16788107

I was thinking about doing the househacking (i.e. buying the large property like duplex and renting one unit while living in the other, so people pay off your loan) but after running the numbers it's not really possible in Europe. there are no loans like in US with 2% down payment and the rents aren't that high so they would cover the expenses. Idk, fuck europe business wise. At least we have free education and health I guess.

Looks like only investing is good for Europe desu. Maybe ecommerce or some shit too.

[Anonymous No.16788172]

>>16785733
Enjoy it while you can, parasite. You didn't earn any of that money.

[Anonymous No.16788241]

>>16788172
Lol, very high IQ post from someone who probably has a net worth equally as high as said IQ. You have little understanding, hence you resort to childish posting. Destined to stay poor

[Anonymous No.16788243]

>>16788068
>Should I shut up and take my addies?


Same guy just at work now. And no, I stopped taking medicine years ago. All it is takes is willpower. My first few years of college I need ADD meds to do literally any amount of homework. For my last semester after I went back I took no meds and get straight A's because I just learned to focus on my own.


Abandon all drug dependencies and learn to be disciplined on your own. The medicine doesn't make you more focused, your desire to achieve something does. If you think the pills help then go for it, but ultimately you're just wasting money giving it to a scam industry.

[Anonymous No.16788285]

>>16788172
I forgot to mention, the best part about this post is that I will continue to enjoy these returns the rest of my life. Real estate is finite, people always need a place to run their business or live. The best part? I have rental increases of 3% per annum structured into my leases. That’s right, each year I make even more money from my tenants while the property ALSO appreciates. The whole “enjoy it while you can” will be for the rest of my existence, I’m only getting wealthier from here on out. Sorry you never made it anon

[Anonymous No.16788387]

>>16785423
lol why the fuck did you choose thailand bro
i get $3000 in china doing 5 20 minute lessons at a kindergarten, the rest is watching them while they play

[Anonymous No.16788403]

>>16788285

How do you determine what to purchase though, and where? Suppose you buy a commercial property after doing some research, and not get tenants afterwards, or you realize you've overpaid by a massive amount buying some boomer's worthless real estate bag. How do you sort out the rotten apples from the good ones?

[Anonymous No.16788404]

>>16784877
>the office politics
this is what i dont understand. nobody likes that bullshit, but so many participate. it sounds to me like everyone is on the same page

[Anonymous No.16788418]

>>16785204
Lmao I made $76k in my first year out of college as a test engineer and probably work about 20% of the time. I’d take this any day over my college job at a grocery where I made a fourth as much with 3x the work.

[Anonymous No.16788443]

>>16788403
I work in RE, but only as an accountant (I’m just starting tho so cut me some slack) and this week the partners at my company were telling me about a property they were on the verge of buying when they found out that the tenant was leaving and the seller was keeping it secret and saying that a renewal was about to happen. Always do your due diligence, if the partners at my company didn’t figure that out in time, they would have taken a huge loss.

[Anonymous No.16788453]

>>16784830
90k aint enough to last on.
Gotta hold out longer til’ the savings are bigger.

[Anonymous No.16788491]

OP why did you get a job that you knew you would hate?

[Anonymous No.16788508]

>>16786595

b'd & rp'd

[Anonymous No.16788548]

archived this thread. i know its early

https://archive.md/mvl8Y

[Anonymous No.16788561]

>>16788491
Needed money and was unemployed for 6 months.

[Anonymous No.16788581]

btw OP: your crypto holdings should be all-in Bitcoin for 10x in 2021

do your research, don't procrastinate. Get in before the halving in May. Godspeed. 400k will be enough to live on if you're not a spendthrift or degenerate. If you want to be both, you can just move to the Philippines or Thailand or Vietnam or Cambodia and live like a king with your own personal harem for the rest of your days.

Freedom is near. Stay hopeful. We're all gonna make it brehs.

[Anonymous No.16788612]

>>16784830
Everyday is a fight. But once my stock portfolio hits 500k I am pretty much free for the rest of my life. This gives me hope every day. Exercise helps mental strength too.

[Anonymous No.16788624]

>>16784877
>>16784847
OP shouldn't fuck his life up just because he is tired. Milk this money cow while you can. This opportunity might not be forever. Recession will come some day so work and save now while you can.

[Anonymous No.16788690]

>>16788581
you're so fucking dumb and you have the audacity to assertively give people advice

[Anonymous No.16788693]

>>16788561
wow I was exactly in the same position
guess we would lose either way, and be even losers among the homeless. so I might as well be a loser wagie and spit on everyone that is worse off than me. curel world.

[Anonymous No.16788711]

>>16788581
both elements of your advice were horrible, good job

[Anonymous No.16788818]

>>16788403
DCF analysis as I mentioned before. This calculates your returns over a timespan but takes into account TVM. You run your DCF report and set a benchmark for yourself, my general benchmark is 8% (this is called cap rate). If I can achieve my benchmark or higher and the risk parameters are favorable, I will take the deal assuming I can obtain favorable financing

[Anonymous No.16788841]

>>16785184
hes not wrong

[Anonymous No.16788957]

>>16785657
Yeah but it’s your own poop so not that crazy. Would you taste another mans poop every day tho??

[Anonymous No.16789015]

>>16784830
Hey man, i just finished my degree and worked some shit jobs here and there, took a break because i also felt felt like shit, was depressed
i couldn't find a normal, not dead end job with my degree. I took a small break from everything, started to read a ton of philosophy and other books, started to dive into other interests i had but never had the time and evergy for. I got fitter, started building some confidence and I feel much better than i did before. Consider looking at some website where you can get out and work abroad, on a farm or something. I wish you the best.

[Anonymous No.16789105]

>>16789015
It is possible to read and get fit while working.

[Anonymous No.16789199]

>>16785733
Cap rates are like 5% here on industrial property. Unless it's in distress to the point of where no bank will loan money to you, good luck finding a true 8 cap.

[Anonymous No.16789211]

>>16788690
>>16788711

Enjoy poverty

[Anonymous No.16789214]

>>16788818
so how much money did you start with on your first industrial unit?

honestly real estate returns look like shit to me.

i own several small business and am on track to make a net income of roughly $150k this year. this is from 3 years ago working at warehouse making about $40k.

maybe in the future when i'm worth multiple millions, 8% would look good. but my least profitable business acquisition returned 100%. i obviously work a fuck ton of hours but with a 90% savings rate, i'm well on my way to retiring in 10 years.

[Anonymous No.16789252]

>>16789214
It's not 8%. If you borrow at 3.5% and have a 8% cap rate, your cash return is like 18% or so.

You can juice your returns even more by raising rents, reducing expenses, etc..

You'll also pay little to no tax, if you use cost segregation accounting and do 1031 exchanges.

[Anonymous No.16789298]

Here's an example of what a typical commercial property pro-forma looks like. I'm not including supporting schedules or calculations, because that would require sharing the entire Excel file.

[Anonymous No.16789367]

>>16789298
are you in a primary market? in LA/NYC/SF etc I see 2-3% cash on cash and 3-5 caps, but I know a lot of guys who live in primaries but invest in secondary/tertiary markets to get 5-10 caps

[Anonymous No.16789386]

>>16789252
>>16789298
ok let's do some quick math. note i'm in vancouver BC. where real estate is nosebleed. most units in desirable locations are 600 - 700 starting.

20% on a 500k unit leaves 400k on mortgage. 100k down.

8% cap rate on 500k is 40k gross profit. mortgage at 3.5% is 14k. so 26k net roughly.

from 100k, that's 26% return. before other expenses. you say 18%, where is the 8% loss from?

i can see in the screenshot you have management fee, prop taxes should be taken care on NNN already. so what else is there?

still like all landlords, you require paying tenants to carry the cost of the mortgage. i never did like that idea. business can go belly up. i'd rather play a duplex or 4plex that i live in.

[Anonymous No.16789389]

>>16789367
Chicago, I live near a major industrial hub. I actually tried buying a property for my own business but cap rates are just way too low, so I'll just continue to rent.

[Anonymous No.16789401]

>>16789386
I'm assuming 25% down, you're not going to do 20% down unless you have a extremely desirable tenant or are investing in multifamily properties.

[Anonymous No.16789420]

>>16789386
Damn you don’t know what cap rate is, kek. No wonder you worked in a warehouse and now a janitor of 3 toilets.

[Anonymous No.16789457]

>>16789386
how tf are you getting 80% ltv? even the friendliest banks where i live will cap you at 70-75% for an investment property

and who will pay 2.5x the mortgage cost in rent? people who don't have $100k for a down payment surely don't have $40k/mo to pay rent

[Anonymous No.16789461]

if you really want to check out, go to asia, many great place you can live a comfortable life for 15-20k a year. OR, man the fuck up, life is whatever you make of it. nobody interesting lived an easy life.

[Anonymous No.16789468]

>>16789386
also "gross profit" lol

[Anonymous No.16789477]

>>16789457
those are yearly numbers.

>>16789420
NOI/prop value

[Anonymous No.16789494]

>>16788172
what are you doing on this board retard

[Anonymous No.16789496]

>>16784830
>paid for graduate degree
>makes less than $90k per annum

I hope you live in a state without income tax, anon.

[Anonymous No.16789514]

>>16784830
How do you make 76k a year but only have 90k in assets?
I do a phd (which allows you to work any hours you please) on a minimum wage of 14k and I have 30k in crypto. Loving life.

[Anonymous No.16789599]

>>16786923
I work in Commercial Real Estate but feel like not knowing enough and faking it a lot of times. Any good books/resources you can advise?
got breakingintowallstreet.com/biws/real-estate-modeling/

[Anonymous No.16789852]

Cool thread. Thanks based industrial anon. I dont understsnd it (also Eurofag) but biz needs more of this stuff

[Anonymous No.16789899]

>>16789599
Is your name Sinecure by chance

[Anonymous No.16789934]

>>16789199
I’m in the Midwest and all of my properties have an 8% or higher cap. I mentioned in my earlier post how I focus on niche industrial to optimize PSF return rates. The market I operate has an inherent lack of supply of small industrial flex (1500-3000 SF). My building are around 15-20k SF total, I chop them up into 6-10 smaller flex spaces and charge a higher PSF rate. Had I kept it “big box” my market would likely command a $5/PSF rate, since I created these small “boutique” spaces, I now command $8/sf. My cap rate jumps significantly and my vacancy remains around 0-3% a year. These boutique spaces are rare by me, I basically dictate the market. I have many years with 0% vacancy and nearly all of my tenants have 3% rent bumps each year. A few of my larger, higher priority tenants who pay $5-6k a month will only receive bumps every other year. You are correct though, 5% caps are very common in industrial, ive seen many sun belt industrial spaces even dip as low as 2-4%

[Anonymous No.16789966]

>>16789514
This. OP needs to step up his game and start saving 70% of his income. And also ditch childish memecoin gambling and start boomer investing.

[Anonymous No.16789967]

>>16789214
I wouldn’t be saving your money anon, if you’re money is not working for you it’s working against you. That said, my first deal involved $50k up front for downpayment I sourced a 6500 sf industrial unit off market from an older gentleman. I put around $150k into the building, dividing it into two spaces. Capital wise, I put about $100k of my own money into it, the rest financed. I leased the larger unit to a racing team who works on their cars, $3600/month. The smaller unit went to a custom tile shop, $1100/month. Property was just assessed by the city at $480k. My NOI is around ~$35k. This is the smallest of my buildings, but a good starter

[Anonymous No.16789992]

>>16789966
I have a substantial RE portfolio but there are a select few “meme coins” that are going to revolutionize industries. Never hurts to have a small allocates percentage of your portfolio in these long shots

[Anonymous No.16789994]

>>16785733
>assuming you have good credit
>any property outside of flyover costing 450k
>t. youtube larp

[Anonymous No.16789997]

>>16785423
im doing this, this year. Gonna quit my £22,000 job in a couple months. Not going Thailand tho, cost of living is very low granted but pay is matching. Im going Korea/ Japan I think, considered Taiwan at one point.

[Anonymous No.16789998]

>>16784830
Buy link and wait for good times.

[Anonymous No.16790010]

>>16785423
also how the fuck are you complaining about being an ESL teacher. You literally got the job for being white. I can't think of a cushier job.

[Anonymous No.16790015]

>>16789994
You don’t have to believe me, I honestly don’t care. I’ve already made my money and was just trying to help people like you out. Take it for what it is anon

[Anonymous No.16790054]

>>16785571
23 here too, less than 2 years into the working world. The worst I remember was coming home from the first week of a physical job. Having the most incredible pain in my legs from just standing up for 8 hours. Never used muscles like that much before from being sedentary at uni.
Scared the shit out of me at the time, thinking it would be like this forever but it was just like starting lifting it only hurts first week.

[Anonymous No.16790062]

>>16784830
Save up money nigger, as much as you can and retire you dont have it too bad if you can save ~10-20+ k/year. work for 10 years and boom enough money till old age.

[Anonymous No.16790115]

>>16785733
>LTV of 20%
???
what are you talking about? 450k would be 450% LTV or less if you show them the 90k. The rest sounds ok but still 3-5 years is way too optimistic for 90k.

[Anonymous No.16790128]

>>16784830
I would trade ANYTHING to be you.
So count your lucky fucking stars prick.

[Anonymous No.16790177]

>>16790115
$90k is 20% of $450k. The numbers were simplified and as others have stated you’ll likely need 25-30% but the principle remains the same

[Anonymous No.16790212]

>>16790177
no wait isnt LTV = loan to value of property(industrial space etc.) how can you have 450k of loaned purchasing power with 90k and LTV of 20%? No bank wil give you a loan like that.

[Anonymous No.16790258]

>>16789967
i save my money to buy businesses.

going off your first building you were for a 50k down payment and 100k improvement; 150k total. so about 23% at 35k NOI. which is a great return honestly.

however, i do have competing real word numbers. 25k into 100k income. 8k into 50k income. my 2nd and 3rd business respectively.

it's really tough for me to justify the huge outlay for property. especially considering inflated vancouver market. i'm eyeing up businesses in the 200k - 400k range in the next few years. goal is 50% ROI. i should be set by then and only be running the admin side.

if my current businesses are exactly as they sit, then i would be making 100k a year working 20 hours a week. i'm leasing a unit right now but in the future i won't need a physical location. a fat chunk of my gross goes to the lease.

[Anonymous No.16790263]

>>16789599
You should read Real Estate Finance and Investments: Risks and Opportunities by Peter Linneman

[Anonymous No.16790272]

I CANT FUCKING TAKE IT ANYMORE

everyone is always talking about investing, and fucking real estate and flipping this or that, or scamming others on crypto or fucking god knows what else

everything we do is to make a profit, to FUCK somebody else over so you can make your home & car payments

everything is getting more expensive
i cant afford a condo let alone a god damn house, im 30 years old and cant find a mate, im ugly and tired and i hate looking at myself in the mirror in the morning

all my money goes towards bills and living costs
i wake up 7 in the morning, i come home 8 at night, i smoke weed and browse the net because i have 3 hours to myself before i have to do this shit all over again - i have no energy for a "side hustle" delivering hamburgers or driving assholes to expensive venues il never get to experience

its horrible, if your born poor - it will take your entire life to get out of it, and even then if you just happen to make a small mistake, or suffer from a health injury or some sickness you become bankrupt - meanwhile everyone i know is driving luxury vehicles and stocks hit an all time high and i just sit here eating canned fucking soup and my friends think "i made it" because i have 5k in the bank

this world is hell, and were living it

[Anonymous No.16790308]

>>16786255
listen to this post if you are an ameritard. Most people in the UK are in the 30-40k USD range BEFORE TAXES. Someone on $40k here is taxed at a minimum before the money is in their bank so they take home just over $2500 a month.

[Anonymous No.16790312]

>>16790272
Yep, gotta have money to make money. Sucks but that's the world we live in. Poorfags gotta take fucktons of risks just to get on the same level of the silver spoons.

[Anonymous No.16790323]

>>16790272
The only way to make it is to have savings that are plowed into undervalued assets.

That can be finding employees that can make you $50/hr and paying them $20 (a services business), manufacturing goods and selling at a profit, buying real estate below market value for instant equity after repositioning the asset, buying stocks trading for way less than they should be and holding until the market corrects.

You basically have to gamble on assets like real estate, people, stocks, etc... to make money.

A lot of methods are more scalable and a lot are easier. Find an area where you excel.

[Anonymous No.16790336]

>>16790272
I've spoken to my coworkers about their financial situation and the best I've come across has about 5k at 31. Yeah, the reality is, you're doing better than most. And it's fucking sad.

[Anonymous No.16790361]

>>16790272

i saved about 40% of my net income making about $19/hr for 5 years before i got to my first business at age 30.

capitalism allows only the those possessing the ability and ambition to succeed.

i work 80-100 hours a week. i wasn't born into money. that's what it's going to take. are you willing to pay the price?

[Anonymous No.16790388]

>>16790272
>business and finance
To get ahead in life you need to sacrifice and provide value for others.

[Anonymous No.16790403]

>>16790272
>spends money on weed and other shit and complains has no money for investing

[Anonymous No.16790405]

>>16784830

Bro you have that much money sitting around? You have a ton of options you dumb prick. Invest some of that cash into a business venture that you don't hate. Try out some lean entrepreneurial shit and go be your own boss.

[Anonymous No.16790416]

>>16784830
i aint wagie mate, i pay my boss

[Anonymous No.16790421]

>>16790361
Even wagies can succeed by investing and being patient.

[Anonymous No.16790428]

>>16790361
Yo, just wondering what sort of businesses do you buy/get into. I'm where you were at. Warehoused for about 50k a year and am closing in on 100k at 27, half of it is in stocks currently.

[Anonymous No.16790434]

>>16785156
imagine dressing like this fag

[Anonymous No.16790448]

>>16785200
not op, but am in a similar predicament. been thinking of quitting for a year now but never pulled the trigger because i'm a scared bitch

[Anonymous No.16790472]

>>16790434
Women love it but yeah he dresses like shit

[Anonymous No.16790537]

>>16784830
work 1hr a day and listen to music at work. get fired cuz unproductive 4 neetbux

[Anonymous No.16790557]

>>16790472
disregard women opinion

[Anonymous No.16790609]

>>16790428
here's the thing about hustling: what you do is irrelevant. the only things that matter is ROI and cashflow.

i bought poorly run businesses with potential. they are simple and completely ordinary in every way. you walk by them and don't think about them.

the trick is to manage the transition period from being an employee to self employed. this is time where you will be working 80 hours; 40 and 40 split. it's what breaks most people.

someone somewhere is old and tired. they want to retire. they are running their business inefficiently. you come in and buy it, operate it. you save all your profits and buy another business. eventually you can sit at the top of the pyramid.

right now i'm looking at a moving company. why? because 100% ROI. 65k for 65k. i would be working as bookkeeping, scheduling and dispatch. won't be lifting shit. i'm already sitting down all day running my other businesses. i can easily squeeze this in.

just know that anything over a 20% ROI is a good return. you'll need some luck to find anything above 50%.

[Anonymous No.16790716]

>>16785156

Def day trade

I'd start with some Zara stock

[Anonymous No.16790731]

>>16788818
how do you go about finding tenants?

[Anonymous No.16790735]

>>16790609
Thanks for the response, man. This is good and not something I've ever thought about before

[Anonymous No.16790774]

>>16790177
how do you go about finding tenants?
is it difficult?

[Anonymous No.16790857]

>>16790448
Some things should be feared.

[Anonymous No.16790868]

>>16790272

The healthcare thing is preventable, at least -- vote Bernie. If we were in a first-world country you wouldn't have to worry about that. Did you know Canada has greater class mobility than the US now? Has been that way for a while, shocking to discover.

[Anonymous No.16790890]

>>16790868
The easiest way to avoid sickness is to live a healthy lifestyle.

[Anonymous No.16790942]

>>16790890

True, but we all need medical care eventually. It's an inevitability and chance plays a huge role in when you need it.

[Anonymous No.16790974]

>>16790272
Use that 3 hours you have to make something more of yourself instead of smoking weed.

[Anonymous No.16790983]

>>16790735
np.

watch this video. this who you must become to stand at the top.

and then you will be alone.

https://www.youtube.com/watch?v=cSFSlZwneO4

[Anonymous No.16791085]

>>16790942
Save. Insurance.

[Anonymous No.16791115]

>>16790868
>Did you know Canada has greater class mobility than the US now? Has been that way for a while, shocking to discover.
Not really, because you know how it's calculated?

If 10 Canadians start as poorfags, then 3 become richfags over a few decades, that's one number. Call it 3/10.

If 10 Americans start as poorfags, 4 become richfags, and over the decades they're joined by 2 Pajeets and 3 Juans, the number is calculated as 4/15.

[Anonymous No.16791421]

>>16790774
Conventional marketing, Loopnet, Craigslist, word of mouth through my network, sign out front. I’ve had a few vacancy spells but most of the time I don’t have a unit sit vacant for more than 2 months

[Anonymous No.16791521]

If you had 500k cash what would you do (already hold link) but can't work and need at least 80k a year to service bills and shit

I'm in aus and at least residential real estate doesn't seem like good enough returns. I haven't looked into commercial. Also even with the cash position banks won't give much more cash for real estate development

[Anonymous No.16791547]

Wagie Anthem

https://www.youtube.com/watch?v=1lB2GngItyU

[Anonymous No.16791608]

>>16785442
>>16785638
Fuck. Just got my first corporate job, and in already yoloing all day on the stock market, not giving a fuck about my work. It is hell everyday.

I wanna quit before I turn into (You)

[Anonymous No.16791617]

>>16787379
What do you think about starting smaller with buying personal property and renting it out?

Also, you seem really knowledgeable in real estate... any idea what the real estate market would look like in about jalf a year? Cheers basednon

[Anonymous No.16791651]

>>16785624
>tfw it's federally legal to camp anywhere on the street now
If you can imagine commiefornia getting worse it's happening now

[Anonymous No.16791684]

>>16785937
wagies would kill to make 80k working 30 hrs instead of 20k or less working 40 hrs. What kind of work you do? Is it too tedious or creative work? depends but that could be mentally draining.

[Anonymous No.16791732]

>>16786678
If you think about it the types to come illegally grind for literally nothing in their countries, but coming here and being made for the wagie grind, putting in long hours and sending money to their home country/family where it's worth way more is definitley enticing. Def agree with you, lots of natives complain becasue they have nothing to really compare things too.

[Anonymous No.16791767]

>>16785442
>lives once
>hates his life
>this is fine
>dies
hahahahahahahaha

[Anonymous No.16791768]

>>16788155
What about land prices? Couldn't you build a kit A frame and Air BNB to some vacationers somewhere scenic?

[Anonymous No.16791813]

>>16790416

[Anonymous No.16791829]

>>16785831
>work 10 years
Closer to 20 years if we're being honest about savings rates and investment performance.

[Anonymous No.16791852]

>>16785945
Cope. European lifestyle is just better and all the good stuff comes from here anyway. What luxury can you even afford? Some McMansion made out of cardboard?

[Anonymous No.16791865]

>>16788612
>500k
Planning on never spending more than an inflation-adjusted $20k/yr sounds terrible to me because of the stress a recession would put on it. I used to like my job, which helped. Now it sucks, but I'll still keep grinding until I make at least $1M for the extra breathing room.

[Anonymous No.16791906]

>>16791829
Depends on your level of frugality and diy skills too.

[Anonymous No.16791916]

>>16791865
I spend 5k a year. Get good.

[Anonymous No.16791941]

>>16791852
What do you have that’s so great?

[Anonymous No.16792227]

>>16791941
He’s just coping with the fact everyone there is poor or middle class by American standard

[Anonymous No.16792236]

>>16786515
this is so wrong lmoa
>wealth IS a zero sum game in society,
I get to work, chop trees & make chairs. People who need chairs buy them and every one is better off. I scale, hiring more chair builders & sell more chairs to people who want chairs (buying with money theyve made by producing something of value themselves).
some people simply spend less than they made and build wealth. Everyone is offered the chance to build wealth interdependently of someone else doing it. My successful chair business doesn't make it harder for you to build wealth jerking off politicians in an alleyway.

> for every American that owns a yacht
every yacht bought employs hundreds of workers to build said yacht. A rich fucker buying a yacht is good for the economy.

>most countries in Europe share a far greater generational wealth building ratio than the states
In Euroupe wealth is harder to build and harder to lose once accumulated. The richest families in America are different to the ones 200 years ago (demonstrates economic mobility) while the richest families in (as an example) Florence, Italy are mostly the same as 600 years ago [http://www.aiel.it/cms/cms-files/submission/all20150614183657.pdf]

Also lmao @
>generational wealth building ratio
How is this calculated and can you give an example im genuinely curious what you want to measure here & how you do it.

[Anonymous No.16792249]

>>16784830
50k in bank and you can't get rich? You are stupid man, if I had 10k I could

[Anonymous No.16792251]

>>16784877
it could be worse dumbass, you could be a chinese slave working 18 hours a day nonstop putting screws into icuck phones for western bugmen. Only under such conditions can whining about a job be excusable

[Anonymous No.16792260]

>>16785156
>take out a mortgage on a house and rent out rooms for 1.5 - 2k a month.
Explain please?

[Anonymous No.16792268]

>>16791916
Let me guess, youre a virgin who lives in the midwest and live in your prents house. You have no car and mooch food off your parents. What a life

[Anonymous No.16792271]

>1 post by this ID
Should've looked first.

[Anonymous No.16792289]

>>16786999
Where do you work?

[Anonymous No.16792298]

>>16789214
what buisness?

[Anonymous No.16792302]

>>16790272
>all my money goes towards bills and living costs
>i smoke weed
stop smoking weed. you'll save money and feel better too.

> i have no energy for a "side hustle"
> i have 3 hours to myself
work out (dont pay for gym do bodyweight because poorfag) for 1 hour, the go to be 2 hours early & get enough sleep.

>or suffer from a health injury or some sickness you become bankrupt
another reason to start taking better care of yourself.

[Anonymous No.16792308]

>>16789966
boomer investing?

[Anonymous No.16792309]

>>16785204
LOL, if they don't pay you to think about it in your spare time then why do it?

[Anonymous No.16792319]

>>16790361
>capitalism allows only the those possessing the ability and ambition to succeed.
you forgot daddies money

[Anonymous No.16792321]

>>16791521
>need at least 80k a year to service bills and shit
holy shit i would start by cutting down on my exuberant spending

There isn't much that can give you 80k a year off 500k that isn't wildly risky

[The Devil !!IS5d++ZfZqB No.16792337]

>>16791651
Is this true? Damn I need to get my ass over there!

[Anonymous No.16792356]

>>16791852
compare the USA median wage VS europe median wage.

Americans earn more and can afford more luxury than europoors. Euro wagies make the luxury goods then ship them to the Americans that can actually afford them LUL

[Anonymous No.16792408]

>>16792356
youre a weird guy for arguing about that even if you are 'right'

[Anonymous No.16792414]

>>16790361
Ok boomer

[Anonymous No.16792433]

>>16792268
Obviously I own nothing, no car, except investments. I still havent found a frugal woman, where do i find one? I share my living space with people with similar values. I sacrifice luxury to turbocharge wealth accumulation.

[Anonymous No.16792447]

>>16792308
Stocks, real estate and stuff like that. Bonds.

[Anonymous No.16792875]

>>16791421
I saw you post about your industrial venture the other day. Glad your back again, based anon. What websites/tools do you use to find listings?

[Anonymous No.16793068]

>>16785734
Fucking based lad. I'm rooting for you. There are too many fucking faggots on this website who simply wallow in their misery and give nothing of value to society. You can picture the "woe is me" dark cloud over their heads simply by the way they post.

[Anonymous No.16793069]

>>16784830
It fucking sucks but it's better than the alternatives. I find it helpful to keep track of all my assets and investments in a spreadsheet and update it every month, seeing the chart of my net worth grow higher helps a lot- because I know that once I hit a certain number I can bounce and never work a high pressure job again.

Imagine how good it would feel to have 1 million in the bank, living off of dividends alone... I'd probably get a low stress part time menial job for spending money on the side... all my menial jobs were miserable because I would starve if I lost them, but knowing that the second the peasant manager gets uppity with me I can walk out and never return... hng.. never having to spare a single thought towards the job the second I clock out, actually enjoying my free time without feeling the crushing burden of knowing work is right around the corner again, and what tack am I going to take on this or that project... it would be kinda enjoyable honestly... hngg.

Anyway that's how I cope. We're lucky that we have decent jobs, there's a path to freedom for us after the grind. Off to bed, gotta get my 6 hours before my 9.5 hour workday and 1 hour commute....

[Anonymous No.16793160]

>>16793069
Based

[Anonymous No.16793373]

>>16788443
you made 300k working in the groecery store?

[Anonymous No.16793626]

>>16785442
32 year old boomer here, can confirm. Life just beats you down until you submit.

[Anonymous No.16793683]

>>16785423
>literarily
>english teacher
how the fuck did you manage to become an English teacher you illiterate twat

[Anonymous No.16793714]

>>16788387
I've seriously considered doing this sort of thing
Last I heard all you need is white genes and chinese places will hire you even if your chinese is shit

I'd prefer to be mildly fluent but realistically it sounds like a pretty good life if the pay is okay

any tips on this sort of set up?

[Anonymous No.16794217]

quick reminder to all wagies...you can just not go in

[Anonymous No.16794241]

>>16792260
buy house rent room make monie

[Anonymous No.16794261]

>>16784830
Why do you think alcohol and drugs exist?

[Anonymous No.16794765]

>>16785442
heh, fuck that