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  1. ljean

    Prediction: 2021 is going to be a total shit show. Place your bets now.

    HOT! INVESTING 
    I made my bets & took my chances. First year with over 7 figure income. Adjusted for inflation, still over 7 figure equivalent. No reason to expect much different in 2022.
  2. ljean

    John Burley Real Estate Training, April 2-4 and 8-10, Phoenix, AZ

    REAL ESTATE 
    I didnt know Burley was still in the business. I remember driving around in my '98 Camry listening to his material published on a dozen cassette tapes.
  3. ljean

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Well sure lots of guys make it work and do well. But its not really comparable to BRRRR & rentals, its a real business with suppliers & inventory & sales, etc.
  4. ljean

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    BRRR & rentals are popular because they are easier. Most people cant find good enough deals to make a decent income flipping. New construction is a whole different animal. You have to be able to compete with outfits that put up 100s of houses a year.
  5. ljean

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    She didnt think i was taking a high enough salary out of my S-corp. I booked a $30k salary vs $180k in distributions
  6. ljean

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    I messaged my CPA the other day asking for some end of year tax-savings tips. She ended up giving me a $55,000 bonus/raise which cost $9000 in payroll taxes. Damn it
  7. ljean

    Self Storage Acquisition Options

    EXECUTION REAL ESTATE 
    What was it bought for 6 months ago?
  8. ljean

    Self Storage Acquisition Options

    EXECUTION REAL ESTATE 
    In my market they go for 40-60/sf. How old is it? Why is it so vacant?
  9. ljean

    Self Storage Acquisition Options

    EXECUTION REAL ESTATE 
    Whats the price per SF?
  10. ljean

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    I sold mine a month ago, always hated that job.
  11. ljean

    So I Quit Caffeine This Week... Should You?

    HOT! 
    I stopped drinking caffeine to try to sleep better. It works as far as I can tell. I also dont get the brain fog I used to. Coffee was my only source so a switch to decaf was all that was needed.
  12. ljean

    Would everyone living to 1000 years old make the slowlane viable?

    OFF-TOPIC 
    I think return on investments would be driven down to much lower rates if people lived longer.
  13. ljean

    What Are Your Gold Stars? (How Are You Rewarding Yourself?)

    MINDSET CHAT 
    Nice property. My guess is $5.5M
  14. ljean

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Well ok, it appears they called my answering service to confirm. Sorry Google
  15. ljean

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    Google just revised my local business hours. What a bunch of presumptuous assholes.
  16. ljean

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    A lot of people work like dogs and justify it by claiming its for their kids/family. When really all their family wanted was quality time together.
  17. ljean

    Random Chat, Thoughts, Posts, and/or Rants Thread

    HOT! CHAT 
    This story is on the wall at a lot of Jimmy John's restaurants. HOW MUCH IS ENOUGH An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large fin tuna. The American complimented...
  18. ljean

    Stocks as a business

    INVESTING 
    I'll sit it out until I dont. Every position has a point where I say its time to get out regardless - something is not right. Otherwise the risk is it goes to $0 like so many have in the past. Even if its not going to $0 there is an opportunity cost to having the capital tied up in a position...
  19. ljean

    Stocks as a business

    INVESTING 
    Speculation & trading is not investing. Traders with their indicators and charts and patterns and whatnot are fooled by randomness for the most part. Without a definable edge, any trade is pretty much a coin flip. You can do ok if you keep your losses smaller than your gains but most traders...
  20. ljean

    Stocks as a business

    INVESTING 
    I bought BGFV last year and rode it a long time. Doubled my money then sold. Got back in about a month ago and gave back a bunch of the gains.

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