All Forum Posts by: Nick Colvill

 Why would you say taking your equity and using It to fund another real estate investment is idiotic? It appears that it’s very common 

I think people who have never lived in an area like this have some horribleness misconceptions about our real estate

Point taken, thank you

I've never done well with someone blatantly lying and have a bad habit of not letting it go - nothing irks me more than that kind of stuff. In this case, I was right about him and although i'm satisfied that I feel I came out on top of that exchange, I unfortunately lose ground in the bigger picture 

Regarding the appreciation of my primary - I am leaning towards having my first purchase next year made with a mix of liquid cash and HELOC against the primary.

I like the idea of using my own equity as opposed to using hard money or private lenders, etc in order to finance the initial purchase. 

This would be the first step in the BRRRRRRRR strategy

What are you guys' thoughts on HELOC vs outside sources for the down payment?

My initial concern is that I plan to do a multi-family unit that is as expensive as 1.2m ish. I really WANT to go to places like Houston, but think it would be smart to start with something close enough for me to drive, but outside my area for lower prices. I'm looking primarily in Sacramento county. The concern is that there won't be enough appreciation within the first year to refi and payback the heloc. 

Most HELOCs are interest only payments and i'd rather not have to pay the HELOC interest for 2-3 years while waiting for the property to appreciate - it sounds like 1 year is a good benchmark to aim for.

Is the combination of affordable rehab and increasing the rents over that year span typically good enough to build enough equity to pay back to initial funding source? I know the location will also play a big part in that. 

I also hear that below 4 units the appraisal will be more based on the comps in the area, while above that will have the appraisal include the income of the property. 

Which have you guys seen faster equity build in, assuming you do small rehab and increase rents in both scenarios (below 4 units and above)?

Well, his account is now closed

I guess that solves that mystery

To everyone else on this thread - I truly enjoy your perspectives and inputs, even when there are clashing opinions. 

 "You still claim to be this person who made the other post even though you say you are trading options on leveraged etfs and he clearly explains how many shares he is trading, he is simply trading leveraged ETFs, not trading options on them

And lastly, as you know, robinhood didn’t have the function of trading options a year ago. The post in Reddit is over a year old. They recently rolled out the option to trade options in 2018. So you literally COULD NOT trade options on robinhood a year ago, further solidying that you ARENT the one who made that reddit thread"

care to touch on any of these?

you literally talked up a HUGE game about how good you are with stocks but don't even understand

1) how many shares are in an options contract

"in the United states, options contracts are not only for a minimum of 100 shares, contracts are generally always for exactly 100 shares. You buy or sell one contract for every 100 shares — and there is no convenient way to have options on other than a multiple of 100 shares."

2) how leveraged ETFs work, claiming that you can NOT trade leveraged ETF's without trading options

3) Robinhood didn't have the options of trading options last year, so how did you magically do that? In fact, why are you supposedly in that old reddit thread talking about actually trading and having knowledge of leveraged ETF's, but HERE you talk about trading options on them and you speak as if you have no clue how leveraged ETFs work

Come clean man I won't hold it against you

Whoa nice to see someone new jump in the thread with guns a-blazing! 

She is on maternity leave and i'm taking on less work for the next month since i'm self-employed and can fortunately make my own schedule, but unfortunately don't pay extra in to any PFL funds and won't get any paternity leave

 You asked me how to leverage ETFs without options. (Dumb question)

I just told you; don’t need to trade options on a leveraged etf to trade leveraged etfs. So you learned something been today. 

You still claim to be this person who made the other post even though you say you are trading options on leveraged etfs and he clearly explains how many shares he is trading, he is simply trading leveraged ETFs, not trading options on them 

And lastly, as you know, robinhood didn’t have the function of trading options a year ago. The post in Reddit is over a year old. They recently rolled out the option to trade options in 2018. So you literally COULD NOT trade options on robinhood a year ago, further solidying that you ARENT the one who made that reddit thread

You also decided to black out parts of the picture in this thread. If that old thread was also you, why didn’t you black out there? 

One screen shot you provided in this thread had a t mobile signal. This picture is att. (Let me guess, you must’ve switched carriers)

I also asked you for your all time profit snap shot, and you decided to provide us with a snapshot that you claim to have taken but from over a year ago? Why nothing more recent?

Honestly you’re blowing smoke just come clean so you don’t ruin the rest of whatever credibility remains 

 You’re embarrassing yourself with your lack of knowledge on leveraged ETFs and options 

1) options contracts are 100 shares not 50. 

2) leverages ETFs are NOT options. You trade leveraged ETFs like any other stock, by buying X number of shares. 

3) they are called leveraged because they typically have 1, 2 and 3x responses to the underlying asset. For example a 3x leveraged gold etf will track the underlying asset (gold) and have a 3x response (up or down) to the actual movement of the hey underlying asset 

Leveraged ETFs are NOT the same as trading options. 

You have an insane amount of audacity to try to pretend thats you here. I'll post that entire thread for you to read. This persons strategy is trading leveraged ETFs - NOT trading options on them, which is exactly what YOU say that YOU are doing

https://www.reddit.com/r/RobinHood/comments/5ov9q0...

He discusses the actual number of shares he is trading and so forth - NOT contracts for options

You're a schmuck, a scam, a fraud, and now that you're caught with your pants down you are in full blown lie mode to see if you can save face

GTFO man 

So this is perfect, I would like EVERYONE reading this thread to take note that he is a fraud.

That screenshot that you doctored up was pulled directly from reddit, from a user who posted over a year ago. This same user is discussing his strategy in that thread and i'll give you a wild guess as to if it's trading options or not. 

It's not. His current strategy in that thread is trading gold ETFs. Here is the screen shot for proof, and i'll will most certainly be reporting this for abuse.

Like I said, you are a fraud and are lying about your successes in here - for what purposes I honestly don't know