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All Forum Posts by: Julius Chinn

Julius Chinn has started 1 posts and replied 102 times.

Why cant Real Estate and Stock guys get along?   Not yet against the law to do both.

You are probably right.   My way more fun though.  Plus my first month i traded very tiny money amounts.   Most were one contracts bringing in $30 premium.  We shall see if im better than Blind Monkeys.......................lol.

Point 2.  Im not wheeling and dealing MEME stocks.  My biggest winner was Citigroup.  Theta and Volatility is my friend.   Could be yours too.

Aloha Surf Hotel hits $155,000 its a STEAL.  Currently listed for $179,000

Originally posted by @Justin Anderson:

I see properties daily that will work out great.  Of course the market has inflated, but they still can cash flow really well.  In fact, I just closed on one earlier this month and it's already in the green.

You just can't fall into the hype and overpay.  Be smart.

 Give numbers.  Dont worry im not a competitor. So much hype on Pigeon Forge id think its been picked clean already.

Example of $300,000 bringing in $1,000 a month is 4%---not impressive.  I know condos selling for under $200,000 bring in $750.  

Churning $65,000 option account i made $10,000 since oct 5.  Cash sec puts and covered call.  So much fun.  No dealing with tenants and guests.  Not that i ever have i use propety managers.

When did you buy your Cabin?

One of my pet peeves with NEWBIES.   They dont trust their due diligence......hahahaha.

I like to think i know what im doing and the numbers dont pencil out for me EITHER.

I can tell you with high probability $500,000 properties dont generate near enough income to be worthwhile.  This is ANYWHERE on the planet. This same property bought years ago could be a golden cash cow for that astute investor.   Price matters.

You have a neighbor who is watching you like a Hawk.   A neighborhood watch program looking out for neer do wells. I guess you are one.

Time to look for a long term renter.

Post: What if ... you had $500,000 cash

Julius ChinnPosted
  • Posts 104
  • Votes 54

Why get into C clas or worser Real Estate.

Look into selling option premium.   Cash secured puts and cover calls.   Incorporate into Wheel Strategy.

Take $75,000 and make 30% easy money.  OK, i admit not that easy.   But highly doable.

Works with AAPL, AMD, C for example.  You dont have to go near MEME stonks.

Originally posted by @Emily K.:

@Julius Chinn Chicken also correct me if I am wrong, but if I find a triplex that’s already rented, it can be considered my income to the bank. Therefore, I would have my current job income plus two rental units. Does that make this scenario any more realistic?

 It Helps.  But how are you going to get the juicy AirBnB income.  You would be doing just a long term buy and hold.

Cash flow and low down or no down is so 2011.

70% in stocks over what time frame?   Its not sustainable................lol.

Whta is sustainable is Selling Option Premium.  Check that out.  I do it.  Whatever Premium i collect i pay off a mortgage.