All Forum Posts by: James McKay

I like this type of question. It makes for interesting conversations, and gets some people riled up. 

Take it out a little further. Warren Buffett (according to his 2017 estimated net worth) could give $59,000 ea (2017 median income) to 1,388,000 people and have change left over.

Of course, most of those people would just blow it on new phones and internet shopping. 

TANSTAAFL 

@Matt k. Interesting article. Not something I had ever heard of (not surprising) thank you.

@William Jenkins good point about possible disaster. wherever my journey goes I hope to have one or more of my heirs at least familiar with what's going on. They are, after all, one of the reasons I'm working on this.

The question isn't on my list of worries, not by a long shot. Just something I was pondering after listening to someone talking about 1031s. The government will eventually get their piece no matter how many times something is deferred. I was just curious about others thoughts.

Thank you for your answer. 

[I haven't figured out how to tag yet]

As someone wobbling before their 1st investing baby steps this question isn't a top priority, but following 'begin with the end in mind' (and because I like to follow odd tangents)...

Everyone has their personal plan, a unique goal. When it's time to give up the calculator. Hang up the spreadsheet. When it's time to ride off into the sunset on the back of your trusty portfolio... what do you do? 

Is there an end?

Are you giving this headscratcher to the kids as part of your legacy?

just a couple of reasons:

No one can buy ALL the deals themselves.

Many monetization feeds on a highly ranked site (book sales, pro membership, etc) 

Trust through notoriety can have a high return on investment (see M.I/oceanpointe for negative example)

None of these are good or bad in and of themselves. It all comes down to how each person approaches it.

Oh yeah...Honest urge to help others for the win!

I have a primary learning focus on multi and syndication. I have interest and like to read/listen to a broad range of info. The ideas and concepts have a lot of crossover. 

you could try syndication. spread the risks and costs. If you're not as picky or on a tight budget there's always crowdfunding. 

A-town for the last 3 years. Orcutt before that. Los angeles originally.

Single Male. 47. Likes long walks in the desert. Crud, that goes on a different site. Sorry. Let's try again.

Hello!

Newb living on the central coast of... well, the state on the left.

Podcast addict. No, seriously. 4-7 hours of driving a day can cover a lot of chewy podding goodness.

Amazed at the number of people and the staggering amount of info here. I probably won't post a great deal (discounting the smart a** comments I tend to make. hey, I know myself) but I am lurking, reading, listening, and plotting.

TANSTAAFL