All Forum Posts by: Roxie Kim

All the gambling whales would travel all different casino in the world. The Las Vegas strip casinos are the one that the whale would not skip gambling.

Every day, a typical wealthy gambler (many many of these gamblers in the world come to Las Vegas) would bring $3 million to $5 million bank roll for gambling in casino. This is like a $500 bankroll an average person bring to a casino.

Sometimes, there are whales bring $10 millions to $20 millions for just "one session" (one day to one week) to gamble.

They bet somewhere between $15k to $400k each dealing hand.

Many strip casino table game marketing host become millions from the tips they got from the whales.

The $40k average income on the newspaper is the number from IRS. However, Many many income are tips and cash that they didn't report it on IRS.

Do not under estimate the average income in Las Vegas.

Just curious, when is the last time you've been to Vegas? Have you seen how empty the casinos have been lately? Have you read the news about how the Vegas casinos have been bleeding money for years now? Also, using hypothetical scenarios doesn't really strengthen your argument. And the only factual statement made in your post is incorrect. LV is no longer the world's #1 gambling and entertainment location.

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Have you verified that owning a home as a primary residence will lower your financial aid? As far as I remember, this will not affect your eligibility when filling out FAFSA. If you sell a home at a profit, I would think THAT would need to be reported on FAFSA.

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Most of them a few blocks away and a few overseas in Asia.

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Originally posted by @Karen Margrave:

I was born and raised in CA. It's so heartbreaking to see what is happening to it. A recent poll says that 46% of the people plan on leaving the bay area. Let's do our own poll (FOR CALIFORNIANS or those that recently left in the past 5 years)

Do you live in California?
Have you lived in California in the past 5 years?
If so, where?
Will you be staying or leaving?
Why?
What is your full time income producing job?

No need to be sad about California as it is doing really well and a lot of people have made their real estate fortunes here. Live, born and raised in So Cal my whole life. I own several properties in Los Angeles (they are all riding the Jamison Properties wave! Thank you Dr. Lee!), work as a CPA for a private equity firm and have no plans to leave. I love it here too much.

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Casinos are bleeding money and have been for the past few years. Will this wave hit the real-estate market in the near future? I am not going to pretend like I have the slightest clue.... just thought I'd toss that out there.

The last time I went, which was just a few weeks ago, I was stunned at how empty the casinos were. 8 years ago, the casinos were jam packed with visitors from mainland China. Last month, I thought I was the only Asian there!

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Originally posted by :

@Libby Baugher at your age, I would not refinance my persona home into a 30 year loan. I would focus on paying that off, so your living expense is lower. Also, there is no home mortgage interest benefit with the new tax code, so better to finance rental properties and have your personal residence free and clear. If you can cash flow with 15 year loans, that may be the smart move. You will be 66 in 15 years, so not sure you want to have mortgages much later than that anyways. Look at the options. There is no right or wrong answer, despite what some opinionated people have to say.

Wait, do you mean the interest deduction is gone because doubling the standard deduction will be more beneficial? I'm pretty sure home mortgage interest is still deductible. It's just been set at lower limits.

With that said, I agree that the OP should keep her original 15 year loan. The increase in cash flow will be marginal.

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Haha, sorry this isn't a perfect analogy for your situation (i.e., you're much more honest!)...and I'm not trying to give advice or anything. But think there is a universal element of truth in this video that applies to anyone who relies on leads, leads and more leads....and your post just reminded me of this movie.

https://www.youtube.com/watch?v=GrhSLf0I-HM

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BDC's (business development companies). I have a portfolio of about 5 BDC holdings which I use as part of my overall "passive-income" portfolio....each pay annual dividends of anywhere between 7 to 10%.

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All Forum Posts by: Roxie Kim

Roxie Kim has started 2 posts and replied 28 times.

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