All Forum Posts by: Account Closed

Bitcoin is a 1T threat. All the other coins are a 1T threat. Gold+Silver is a 10T threat to the FED.

If the FED tries to introduce a "Fed-coin" or CBDC, this will be very aggressive competitor to the banks' financial models... and then banks will become a threat. 

The PCE/CPI/OER are (finally after decades of manipulation) trending higher, which is a threat to the FED. Fiscal spending programs like UBI/gas-checks are a threat to the FED

2-10Y yield curve inversions and repo-market/1 month inversion are a threat to the FED.

Petro/euro, petro/ruble, petro/bitcoin are all threats to the FED. 

Housing recession, housing affordability, soaring rents, financialization of housing are all threats to the FED.

My point is that I'm the biggest Bitcoin bull, but only because there's breakage at every seam. I don't think the manipulation can go on very much longer. Whether it's 1 month, 1 year, 1 decade I think we're in the 9th inning. Bitcoin or not, there are cracks in every corner of the financial system. Bitcoin is just the best option, IMO. But no matter what I think we're in for a world of hurt. 

Brian you could combine the two ideas. If you study Gresham's Law it would say that Real Estate (and now Bitcoin??) are superior forms of money. So short/spend/borrow USD and long/buy/hold Real Estate + BTC. My ideal situation would be to have 4 BTC ~200k ("long" exposure to BTC upside), borrow/short USD by taking a loan 100k (50% LTV is common) against the BTC, and buy/long real estate while taking a 30 year loan (again essentially shorting the US dollar).

 Hey Jeff, any online sources on where to start with seller financing? Otherwise local REIA? I'm guessing seller financing and wraparound mortgages will be popular the next couple of years.

This is a really dumb conversation.

You don't get Bitcoin? Doesn't matter. You calculate (or ask someone like me) the expected future return. You say what's the odds of that happening? For me it's a high percentage. For you it maybe low. 

Then you allocate accordingly. Good investors understands that it's better to hold 1% just in case Bitcoiners are right than hold none. And if it goes to 0, you only lose 1%. 

But hey maybe this Ray Dalio guy is an idiot:  https://www.youtube.com/watch?v=WDxx0wC3-p8

The banks closed in Ukraine and these guys used Bitcoin to buy a car and flee? Don't they know how dangerous Bitcoin is! It's going to 0!!! Should have just waited for a Russian tank for a lift:https://www.youtube.com/watch?v=-gZtDDaWvPk&t=62s 

Ken Griffin admitting he was wrong about crypto! SIGN OF WEAKNESS! Never do that: https://youtu.be/kIFQd7MyNKE?t=248

Warren Buffett quietly investing 1B in crypto, must have lost his marbles: https://coinjournal.net/news/w...

Look at all these idiots buying stock in a company that holds 125,000 BTC. Vanguard, Blackrock, Morgan Stanley? What do they know.

Time to start shorting boys.

Hi Tachara, cold-calling is hardest the first time! But it gets easier after each one. 

Also, I would say keep your eyes open about sub2. We're entering an environment (about a year or 2 out?) where sub2 may be very valuable as interest rates move up, and boomers start wanting to downsize.

Thanks for pointing me to that section of IRS Publication 523

I always like to jump into the Internal Revenue Code when possible to avoid vagueness. This is what they mean by "related party" from 26 U.S.C. § 267(b)

Hi everyone, 

I've personally lived in a house for 2 of the last 5 years. So I qualify for the home tax exclusion.

But I'd like to keep the house. It's a great SFR in an A/B area that cash flows.

Can I, as a person, sell this home (new financing, new deed) to a business entity I own (LLC, etc)? Therefore, on my personal tax return I don't pay taxes on the 250k gain. And I've essentially stepped up the basis 250k for the business entity.

Anyone have experience with this?

In my experience no. You're more likely to get tagged for noise complaints, weeds and more "visible" violations like that. 

I would also pay attention to where you're getting the rental. North of the 60 no one will bat an eye. But South of the 60 you're more likely to get families, non-renters, retirees with more home/neighborhood pride and they may be willing to file a complaint.

In that price range I think your best bet would be a townhouse in the area of Old Town. I have several different friends who have made town homes work as short term and long term rentals all within 2 miles of that area. 

And yes you can find them in that 150-175 price range.