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Dec 30th, 2023
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 Re: If you had 1million
[Re: WAWI]
#14263871
01/26/22 05:14 PM
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Joined: Dec 2007
Posts: 14,477
bloo_rainger
TFF Guru
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TFF Guru
Joined: Dec 2007
Posts: 14,477 |
Many of you mention land. It is not as certain as it seems. I bought land fairly close to town in the 80's just before the crash. I was upside down for probably 20 years, but now it is a good investment. I have done much better with my investments in the stock market over the long haul. Land has alot of carrying costs and not all of it is created equal. I think you generally need to look at it as more of a generational wealth asset. we have family land in Arkansas for over a hundred years. it pretty much worthless. when I was little I thought I would get rich off of it one day. it's not going to happen.
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Re: If you had 1million
[Re: bloo_rainger]
#14263966
01/26/22 06:17 PM
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Joined: Jun 2020
Posts: 11,155
grandbassslayer
TFF Guru
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TFF Guru
Joined: Jun 2020
Posts: 11,155 |
Many of you mention land. It is not as certain as it seems. I bought land fairly close to town in the 80's just before the crash. I was upside down for probably 20 years, but now it is a good investment. I have done much better with my investments in the stock market over the long haul. Land has alot of carrying costs and not all of it is created equal. I think you generally need to look at it as more of a generational wealth asset. we have family land in Arkansas for over a hundred years. it pretty much worthless. when I was little I thought I would get rich off of it one day. it's not going to happen. Is it land locked or just flat no tree land? I haven’t seen much worthless land
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Re: If you had 1million
[Re: Wool E. Booger]
#14263970
01/26/22 06:18 PM
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Joined: Jan 2010
Posts: 6,725
Dognot
TFF Celebrity
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TFF Celebrity
Joined: Jan 2010
Posts: 6,725 |
Buy a new boat and a truck to pull it. Doubt there would be much left after that with today’s prices. Exactly. I’d buy a new 520r, new super duty, and three or four megabass jerkbaits. 100 thousand for a truck and 100 thousand for a boat , That would leave 8oo thousand, nobody said anything about taxes. I was being sarcastic…..where’s that damn emoji for sarcasm to not confuse people  Just like I was about the cheeseburgers ?
Sometimes what didn't work out for you, did in fact, work out for you.
Haters going to hate and believers are going to believe.
Every man has two lives,The second one starts when he realizes that he has only one.
“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.”
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Re: If you had 1million
[Re: DI]
#14263977
01/26/22 06:24 PM
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Joined: Feb 2018
Posts: 15,262
Sawhorse
TFF Guru
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TFF Guru
Joined: Feb 2018
Posts: 15,262 |
I would give it all to some charity scam, where none of it would go toward the stated purpose.
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Re: If you had 1million
[Re: Sawhorse]
#14263980
01/26/22 06:26 PM
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Joined: Jan 2005
Posts: 12,905
DI
OP
TFF Guru
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OP
TFF Guru
Joined: Jan 2005
Posts: 12,905 |
I would give it all to some charity scam, where none of it would go toward the stated purpose. Joel Osteen's constantly reconstructed face?
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Re: If you had 1million
[Re: DI]
#14263989
01/26/22 06:35 PM
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Joined: Jun 2021
Posts: 8,956
YEE_YEE
TFF Celebrity
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TFF Celebrity
Joined: Jun 2021
Posts: 8,956 |
I would pm Uncle Zeek or least that's Lotto winning plan
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Re: If you had 1million
[Re: Dognot]
#14263992
01/26/22 06:39 PM
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Joined: Jun 2012
Posts: 3,905
Wool E. Booger
TFF Team Angler
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TFF Team Angler
Joined: Jun 2012
Posts: 3,905 |
[quote=Mulejockey1][quote=Wool E. Booger]Buy a new boat and a truck to pull it. Doubt there would be much left after that with today’s prices.
100 thousand for a truck and 100 thousand for a boat , That would leave 8oo thousand, nobody said anything about taxes. I was being sarcastic…..where’s that damn emoji for sarcasm to not confuse people Just like I was about the cheeseburgers ? 
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Re: If you had 1million
[Re: DI]
#14264025
01/26/22 07:14 PM
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Joined: Jun 2020
Posts: 11,155
grandbassslayer
TFF Guru
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TFF Guru
Joined: Jun 2020
Posts: 11,155 |
I would give it all to some charity scam, where none of it would go toward the stated purpose. Joel Osteen's constantly reconstructed face? 😂😂😂I can’t believe people give that putz money
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Re: If you had 1million
[Re: DI]
#14264082
01/26/22 08:16 PM
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Joined: May 2010
Posts: 4,764
2014NITROZ-7
TFF Team Angler
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TFF Team Angler
Joined: May 2010
Posts: 4,764 |
If we all had a million dollars and everyone we know has a million dollars we could maybe buy the Cowboys. Like the Packers we could turn it into a public entity.
Oh,I almost forgot to mention we could fire Jerry.
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Re: If you had 1million
[Re: DI]
#14264092
01/26/22 08:28 PM
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Joined: Apr 2017
Posts: 12,194
tmd11111
TFF Guru
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TFF Guru
Joined: Apr 2017
Posts: 12,194 |
If I had a million dollars I wouldn't be on here chatting with you chumps
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Re: If you had 1million
[Re: DI]
#14264093
01/26/22 08:31 PM
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Joined: Mar 2008
Posts: 34,575
cocodrie
TFF Guru
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TFF Guru
Joined: Mar 2008
Posts: 34,575 |
That's 20% down on 10 rental properties.
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Re: If you had 1million
[Re: DI]
#14264094
01/26/22 08:33 PM
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Joined: Mar 2008
Posts: 34,575
cocodrie
TFF Guru
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TFF Guru
Joined: Mar 2008
Posts: 34,575 |
Oh yeah, Million dollars ain't [censored].
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Re: If you had 1million
[Re: Fishin' Nut]
#14264109
01/26/22 08:56 PM
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Joined: Sep 2005
Posts: 27,569
Uncle Zeek
aka "Dad"
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aka "Dad"
Joined: Sep 2005
Posts: 27,569 |
It would go into "dividend king" and "dividend aristocrat" stocks. This. I could generate over $6,000 a month in passive income. Possible, but I'm chicken and would be more conservative with my picks. I'd be getting about $3,000 a month.
"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein
Artim Law Firm, PLLC
Estate planning & tax attorney
2250 Morriss Road, Suite 205, Flower Mound, Texas 75028
972-746-0758 mobile
zac@artimlegal.com
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Re: If you had 1million
[Re: DI]
#14264116
01/26/22 09:10 PM
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Joined: Nov 2008
Posts: 2,986
bigrebar
Extreme Angler
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Extreme Angler
Joined: Nov 2008
Posts: 2,986 |
I'd buy six, 3 bedroom condos/townhouses in a college town cash with a Million dollars. Bedrooms are renting in the $600 range, so 18 bedrooms grosses $10,800 a month, minus taxes, insurance, and HOA, possibly could net $8,000 a month right off the bat. In a perfect world, that's almost 10% ROI a year, but that's a pipe dream. Have to calculate in repairs and maintenance and vacancies, and a management company, currently they are charging 7% of total rent. But this would be my plan.
I've heard, have no experience, but the college kids almost have to pay rent and very few of them went home during the closures cause they wanted to be at college enjoying their freedom even if classes were online.
Disclosure, I just closed on my first property in College Station, should real estate take a down turn, I'll be grabbing another one or two.
Last edited by bigrebar; 01/26/22 09:14 PM.
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Re: If you had 1million
[Re: DI]
#14264124
01/26/22 09:21 PM
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Joined: Jun 2003
Posts: 31,282
HasBen
TFF Guru
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TFF Guru
Joined: Jun 2003
Posts: 31,282 |
I just sold my last 5 rental units in a college town and sleep better and better every night. If you are planning on buying rental property when you retire, you will never retire. These days, you can’t raise rent fast enough to keep up with taxes, insurance, and maintenance. You can make money, but it is a constant struggle. “Good tenant” is an oxymoron these days.
"Nothing spoils a good story like the arrival of an eyewitness."-Mark Twain
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