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All Forum Posts by: Account Closed

Account Closed has started 31 posts and replied 421 times.

Post: Corona Virus OVERHYPED!

Account ClosedPosted
  • Contractor
  • San Diego, CA
  • Posts 432
  • Votes 221

@Dillon Dale there's still room at the table in oil stocks. I hear you on funds, as many of us were bullish moving forward in REI leading into this. I found a cool way to build funds right now is cash advance a few thousand, put it into Robinhood Gold, then they match funds @ 5% annualized, no tricks! Bad debt, to ok debt, then throw it into oil stock. Ride the stock up 3-5x in the next 6-12 months, then pull it out and catch the REI again. Just an idea, and in my opinion investing in stock right now is the biggest opportunity to double cash to buy REI in 6-12months. I bought Marathon oil because their down like 4x. Figure the hype is way overplayed and this is the time to show some support for the country in stock purchase. Also, I read something about an exception for stock gains to be put into RE avoiding cap gains. Anybody hear about that?

Post: Corona Virus OVERHYPED!

Account ClosedPosted
  • Contractor
  • San Diego, CA
  • Posts 432
  • Votes 221

Haven’t met anyone who has met anyone who has known anyone who has contracted C-virus, but just had a friend die from an OD on drugs most likely laced with Fentanyl. If people start doing drugs with idle hands, not working and to deal with depression from losing their job, the Fentanyl effect will be known by all, but won’t be on MSM because it’s from China. Can’t let the hype be this big, there’s too many other things that will harm people if we focus on one problem.

Post: Corona Virus OVERHYPED!

Account ClosedPosted
  • Contractor
  • San Diego, CA
  • Posts 432
  • Votes 221

@Jeff Small yeah, this virus stuff has been around and people were dying from it before. Finally it got noticed, but there are way deadlier sicknesses in America today. Boost that immunity and watch out for that processed sugar!

Post: Corona Virus OVERHYPED!

Account ClosedPosted
  • Contractor
  • San Diego, CA
  • Posts 432
  • Votes 221

@Rob Massopust

Yeah, I think a lot of this hysteria and hype comes from the position we’ve put ourselves in. We all haven’t been very vigilant to hedge our lifestyles and now get thrown into an oven when Walmart or grocery stores run out of food. Also, living in the heart of a city was always a risk for an outbreak and that could have been avoided. We capitalize on things, taking risk on our economy, it comes back to bite, but we should be prepared to show our government who’s boss; and that’s God, and his ways. Now we find ourselves on our heels to big gov. and some big tech surveillance and trucked in food. This will work out for good, and we’ll learn to hedge ourselves quickly so we don’t depend on lockdown locations. It’s a good lesson.

Post: Would it cost me less to buy, renovate and sell then a turnkey?

Account ClosedPosted
  • Contractor
  • San Diego, CA
  • Posts 432
  • Votes 221

@Jasraj Singh there’s no answer for this, because you’re not being specific, which shows you probably need to take action, buy something run down, try to fix it up and see if you lose your shirt on it. Sometimes you have to lose your shirt to move forward with educated decisions, otherwise your relying on other’s experience, rather than your own feel for how long it will take you to fix and flip.

Post: stock market stupid prices?

Account ClosedPosted
  • Contractor
  • San Diego, CA
  • Posts 432
  • Votes 221

@Kirk R. Stocks are usually considered “overpriced” after excessive rallies or after being overhyped. This is the most backwards statement I’ve seen, as stocks or much more likely to be underpriced and oversold at this time technically speaking. This would be considered the epitome of the market you want to buy in (or at least a week or so ago). If there’s ever been a case of being greedy when others are fearful, I’ve never seen more exaggerated fear! With that being said, certain industries will feel the effects of the red tape for longer, and those should be evaluated (eg. airlines).

Post: Corona Virus OVERHYPED!

Account ClosedPosted
  • Contractor
  • San Diego, CA
  • Posts 432
  • Votes 221

@Rob Massopust shoot like I said, it will be milked, but the hype has already fallen off in most people’s hearts. Now, when I say most people, I refer to people I listen to and communicate with, which doesn’t necessarily reflect the crowd following the wrong news. I still stand by what I said, and there is no question China virus’ have been spreading to the US for over 3 years. China is likely using Bio weapons on their own people, and the world as a globalist move to control. This isn’t speculation, this is under investigation and spoken of by leaders in congress and the world. China is not averse to warring against their own population as we see what has happened in Hong Kong, and the “one child” policies. Also, how they handled the outbreak showed extreme human right violations (again, being investigated and documented). Like I said, watch out for dangerous virus’ but people can’t stop working or we have a much bigger problem than the virus. That’s why I say the hype is falling, because reality sets in and push comes to shove. But still, we know MSM won’t let this go for a couple years, until they have another impeachment, or collusion, or a worse virus or flu on the table. They need fear for control, and we’ve never seen the mask off so much, and DJT trying to win both sides before an election playing this up with the MSM.

Post: Life isn’t going back to normal anytime soon is Real Estate?

Account ClosedPosted
  • Contractor
  • San Diego, CA
  • Posts 432
  • Votes 221

@Matt Higgins that’s waves bra and this thing ain’t all doom and gloom. Very negative stuff here. Do you own property? How much? Expect reality to kick in soon. Is the panic reality, or is people going back to work reality?

Post: Stock market is down, is real estate next?

Account ClosedPosted
  • Contractor
  • San Diego, CA
  • Posts 432
  • Votes 221

@Cristian Portillo the government is stepping in to prevent foreclosures etc. which is probably a smart move based on the ridiculous nature of this nasty dip/sell off. Nobody can know what’s going to happen in this good vs. evil world. There are many elite forces that make it their goal to crash economies and establish their version of a global agenda. Right now, there are those trying to do good and work hard, and then there are those trying to speak bad and hope for the markets and economy to crash so they can see a different political candidate in office, regardless of how that may hurt families, young, old, special needs etc. I never thought the stocks were going to dip this far, and the hype over a virus has gotten feverish, and no one has seen these extremes in this way. It looks like it’s a good time to buy, but who knows if sinister powers will prevail for a time? You will have to feel it out and judge based on what you see. I guess Monday will be another fear sell off of stocks, and that the hysteria will be promoted by the news for a while. I think real estate will do good in some areas outside of major cities, like Midwest. Pray for peace!

Post: Be Careful If You Are Overleveraged

Account ClosedPosted
  • Contractor
  • San Diego, CA
  • Posts 432
  • Votes 221

@Russell Brazil agreed on not over leveraging. In a TRUMP era, a dip looks a lot more drastic. I believe this is a more extreme version of a heavy market dip. As people work through things, I believe the market will roar back, unlike a recession. Either way, I’m not heavily leveraged and flips can become rentals like the previous recession, but I don’t think this is the biggie. It looks like it, but I don’t think it’s here to stay.