All Forum Posts by: Daniel Hanson

If nothing else, you got a hell of a tagline...

Always remember to persist and you will WIN!!!!

Shawn, you sparked my interest.  For as many homes as you work with, no mail?  Phone calls and visits?  Smoke signals?

Yes, please!! I'll take whatever you've got!

thanks, @Jerad Withrow !

 Sorry for the late response, I have not heard anything about RPM.

@Mitchell T.

I haven't really investigated it yet.  I would assume the biggest downside is that the loan is short term, measured in days, therefore there is a percentage of time where part of your money is not fully lent out and not earning a return.  That would mean the return on the loans that are active would need to mathematically average out at a certain level in order to be an attractive rate of return compared with other alternative investments.  Also at a general level there is what I call Exchange Platform risk, the platforms in general have some risk of being hacked or closing down.  I haven't put any effort into quantifying that risk.

@Mitchell T.

I plan to do some trading among the top 3 to 5 highest volume cryptocurrencies.  I like the opportunities provided by the volatility and would do it essentially as a day trading operation.  I would commit a small amount of money, and very speculative, also not passive, since trading requires a close eye on the market, unless you are willing to trust an auto-trader.  Very much in the "getting educated" phase with this, learning candlestick patterns, etc.  Also need to get a better understanding/ trading model of the tax impacts.

There is another more passive opportunity that I haven't really looked at but intend to explore eventually.  On the Binance exchange, you can act as the lending bank for other speculators buying on margin.  You get paid your fee automatically, whether their trade gains or loses, and your money is only out of pocket for a few days, or the length of their trade.  Any margin calls for the speculator happen automatically, so your principal should be protected.

@Jon Passow

Feel free to ignore my response due to the wacky factor.  I've been starting to investigate Cleveland as an investing market, and one of the things that came up was potential interest for a future hyperloop connecting Chicago and Cleveland.  If this, very speculatively, years down the road, ever happened, I could see it being a positive for Cleveland, with only a 30 minute commute between the 2 cities.

https://arstechnica.com/cars/2018/04/the-latest-hyperloop-feasibility-study-aims-to-connect-cleveland-and-chicago/

@Michael R Fox Thank you for the recommendation- I will follow up.

@Marcus Auerbach  Thank you for the PM response.

Hi all,

I have 3 properties on the North side of Milwaukee that I'm planning to sell this year.  An interesting situation came up where one potential buyer proposed an Equity swap to be used as a down payment, where I would take ownership of their property in Waukesha, and then I would seller finance to the buyer the remainder of the balance owed on my sold properties.  I remember reading a book several years ago about an investor who specialized in this  (it could have been this one: "Swapping Real Estate for Fun and Profit"), but I need something a little more specific.  Does anyone have any personal experience doing this sort of sale, or do you have any specific Waukesha or Milwaukee lawyers who would be recommended to advise on this situation?

Obviously there's several pieces to this; seller financing, equity swap, handling the mortgage on the Waukesha property.  So I'm all ears.   Feel free to PM me if you don't want to post publicly.  Thanks!