Post: #51

(02-23-2016 05:20 PM)TheKing007 Wrote:  You are pathetic guys haha. Jealousy all over the place. I don't even know what an Indian Troll is, I haven't been on this forum for a few months. I just wanted to ask for advice. I don't give a f... about your Indian Race Troll.

Go to MGM ask them about limits at Super Bowl! One guy bet 600,000 on the Panthers in Vegas, you can even google it. Super Bowl limits are sky high. You can even bet 500,000 at 2 casinos. You have no clue what you're talking about.

I have tons of experience at Las Vegas sportsbooks and don't doubt for a second that they can take a million plus from certain people. Those people don't just jump off a plane from Switzerland, go into a sportsbook and drop a million. They are people who have accounts/histories with the particular sportsbook.

Edit: At least he said "go" to MGM and not call them. You can't call a Nevada sportsbook and I believe sportsbooks taking calls is forbidden by Nevada law.

Post: #52

I don't doubt some 19 year olds have that type of money. I did via trust fund.

With that said, too many posts seemed completely without reason...

"I'm from germany, 19, working in Switzerland in the financial sector to save up money for my travel."

What good financial sector job is out there for 19 year olds who haven't studied?

In another post hes talking about travelling to Philippines and Brazil after he saves some money.

Then hes going to buy real estate in LA, Miami or Vegas.

Then he goes and drops $200k on a props bet on Denver.

Post: #53

(02-23-2016 11:07 AM)marinhogomes Wrote:  @Courage Reborn

I don't know if it's the hardest place to get laid with white girls. Girls in LA are hell slutty, you just have to know how to play their games. My friends were getting laid constantly... I got lucky a couple of times. But I can't compare to other cities in the USA like Miami and such.

Not a good place to get into a relationship. Too much ego. Nobody wants to settle down. Everybody is looking for a break into the industry or looking for a millionaire boyfriend.

Long Beach in LA things are way cheaper but the reason being is simpels... it's pretty far from everything. Far from Hollywood, Beverly Hills, Santa Monica... etc. My experience is taking a metro and taking 1 hour to get to Long Beach from Downtown LA (geez... it's far). But I can confirm it's a very nice are.

Santa Monica is LA is very nice. I use to walk around and see the houses, it's awesome. It's a mix of suburbia (where the houses are) and the crazy nightlife near the Santa Monica pier. It's paradise for single people.

Las Vegas in the strip is crazy town good (party every day) BUT the city in itsel, as some other users have said, is true boring suburbia. That's not that much to do. I've met some girls that were actually from Las Vegas and they were cute... that's the only kind-of meeting the locals situation I have.

$600k on real estate I think it's a bad idea.

It would be better to take that money and invest in a business, franchise or whatever else. Just focusing in the rent business has low returns, unless you get into buying/selling a house.

Buying a house under the market value, renewing the whole place... making it nicer and selling it.

Rent money would be my last resort personally. You would have a $600k investment to get $2k-$3k/month (depending on the place).

I say that just because my dad is in real estate and he's complaining about rent money all the time. Not making enough. Wasn't a very smart decision on his part, with the same amount of investment in a business he could be making $40k/month and not $2k/month

BUT

If you're buying a place that you want to live in the future, and for now rent just to have an EXTRA income. I can say I kind of understand it.

My dream is to actually buy a house in the Hollywood Hills. It will probably cost me $4 million in the future. So I'm saving that for when I am an actual multi-millionaire.

marinhogomes

I cannot speak to what your dad is doing. However based upon the real estate investors that I know. If you have 600k you can easily leverage that to buy a 3million dollar property. With a cap rate of about 8% that property will net 240k before debt service. A mortgage and tax and ins payment on 2.4mill borrowed will run 13,821 mo and 165,852 yrly. 240k - 165852k is 74,148 which is 6,179 a month. Which is a cash on cash return of 12% per year. This figure does not take into account returns from appreciation of the property or the equity build up from the renters paying down the mortgage. Nor do these figures take into account things that can be done to lower the expenses. Or upgrades that can be performed that will lead to dramatic rent increases. All this with relatively low risk as compared to the stock market and other investment vehicles that I am aware of.

You mentioned that your dad could have taken the same amount of money and made a 40k return per month. That sounds like he would have been or is still able to take 600k and get an 80% return on his money. A return like that makes me think the investment is very high risk. From my experience real estate is the only investment vehicle that is relatively easy to leverage and finance. And can produce good steady returns. At a low risk of capital.

However I do keep and open mind and I am always willing to hear about other strategies.