what to do with cash

[Diego Mamani]

Ifyousayso, I apologize if my well meaning suggestion offended you. I’ve been to Praha, it’s beautiful and I recommend visiting. I wished I had spent more time there in early 2006, when I visited.

It’s only that I think that the place will still be beautiful and worth a visit 5 or 10 years from now. If you want to pay a 30% premium to visit it now, then bon voyage and enjoy it! As long as you are fully aware of what you are doing and of the extra money that you’re paying, then it’s your decision to make.

It’s like housing. I could have bought in 2005: I had the money, and I could have got a competitive 30-yr fixed loan. And it wouldn’t have killed me to do so. I just don’t think it’s good a idea to pay a premium for something that I can get for a lot less money in a few more years. I know a trip costs less than housing, but as long as my goal is to be financially independent and retired by 40, I won’t pay more than necessary for chewing gum, trips, cars, or houses.

[Deal Hunter]

Vending Machines are in an outdoor outlet mall in Barstow. I pay $410 for the snack machine and $490 for the drink machine per month. The drink machine is more because it requires more power for refrigeration. I hired a local stocker to stock the machine twice a week. I just check my account online to see what items are low and I order it right on the website.

I buy the really cheap snacks at $.15 – $25 per item and resell on the vending machine for $.50-$.75. I make a bigger margin on the water. I can get each bottle for $.21 and price each at $1.00 in the machine! Soda is not so good, so I only have 1 slot for cola and 1 for Sierra Mist. Those are $.64 each cost.

You don’t need alot for an income producing asset. Bed Bath and Beyond sells a gumball machine for $19.99. The gumballs are $1 a bag and you can charge $.05 per serving (2 gumballs). I bought 4 and put them in the reception area of my sister’s office. I can clear around $8 bucks per month on each machine.

[Deal Hunter]

Vending Machines are in an outdoor outlet mall in Barstow. I pay $410 for the snack machine and $490 for the drink machine per month. The drink machine is more because it requires more power for refrigeration. I hired a local stocker to stock the machine twice a week. I just check my account online to see what items are low and I order it right on the website.

I buy the really cheap snacks at $.15 – $25 per item and resell on the vending machine for $.50-$.75. I make a bigger margin on the water. I can get each bottle for $.21 and price each at $1.00 in the machine! Soda is not so good, so I only have 1 slot for cola and 1 for Sierra Mist. Those are $.64 each cost.

You don’t need alot for an income producing asset. Bed Bath and Beyond sells a gumball machine for $19.99. The gumballs are $1 a bag and you can charge $.05 per serving (2 gumballs). I bought 4 and put them in the reception area of my sister’s office. I can clear around $8 bucks per month on each machine.

[Deal Hunter]

Vending Machines are in an outdoor outlet mall in Barstow. I pay $410 for the snack machine and $490 for the drink machine per month. The drink machine is more because it requires more power for refrigeration. I hired a local stocker to stock the machine twice a week. I just check my account online to see what items are low and I order it right on the website.

I buy the really cheap snacks at $.15 – $25 per item and resell on the vending machine for $.50-$.75. I make a bigger margin on the water. I can get each bottle for $.21 and price each at $1.00 in the machine! Soda is not so good, so I only have 1 slot for cola and 1 for Sierra Mist. Those are $.64 each cost.

You don’t need alot for an income producing asset. Bed Bath and Beyond sells a gumball machine for $19.99. The gumballs are $1 a bag and you can charge $.05 per serving (2 gumballs). I bought 4 and put them in the reception area of my sister’s office. I can clear around $8 bucks per month on each machine.

[Deal Hunter]

Vending Machines are in an outdoor outlet mall in Barstow. I pay $410 for the snack machine and $490 for the drink machine per month. The drink machine is more because it requires more power for refrigeration. I hired a local stocker to stock the machine twice a week. I just check my account online to see what items are low and I order it right on the website.

I buy the really cheap snacks at $.15 – $25 per item and resell on the vending machine for $.50-$.75. I make a bigger margin on the water. I can get each bottle for $.21 and price each at $1.00 in the machine! Soda is not so good, so I only have 1 slot for cola and 1 for Sierra Mist. Those are $.64 each cost.

You don’t need alot for an income producing asset. Bed Bath and Beyond sells a gumball machine for $19.99. The gumballs are $1 a bag and you can charge $.05 per serving (2 gumballs). I bought 4 and put them in the reception area of my sister’s office. I can clear around $8 bucks per month on each machine.

[Deal Hunter]

Vending Machines are in an outdoor outlet mall in Barstow. I pay $410 for the snack machine and $490 for the drink machine per month. The drink machine is more because it requires more power for refrigeration. I hired a local stocker to stock the machine twice a week. I just check my account online to see what items are low and I order it right on the website.

I buy the really cheap snacks at $.15 – $25 per item and resell on the vending machine for $.50-$.75. I make a bigger margin on the water. I can get each bottle for $.21 and price each at $1.00 in the machine! Soda is not so good, so I only have 1 slot for cola and 1 for Sierra Mist. Those are $.64 each cost.

You don’t need alot for an income producing asset. Bed Bath and Beyond sells a gumball machine for $19.99. The gumballs are $1 a bag and you can charge $.05 per serving (2 gumballs). I bought 4 and put them in the reception area of my sister’s office. I can clear around $8 bucks per month on each machine.

[PatentGuy]

Dear Pig People (Piggies?)

Thank you for the many, many educational and (usually) entertaining reads for the past 6 months or so, since I stumbled onto this blog. I have been lurking ever since, and this particular post inspired me to finally chime in.

Regarding the question of what to do with your (American) dollars these days, does anyone out there have any experience (good, bad, ugly) in making/holding private mortgages? I’m talking arm’s length mortgages to strangers, not family members. Yes, obviously the property, price, and borrower all have to be carefully veted, but (for example) what about backing the Temecula-Guy types who have been carefully doing their homework and finally buy the right property at the “right” price? I don’t need another home to live in, bargain-priced or otherwise, and I don’t want to a landlord (ever again), so why not take advantage of the “recalibrated” prices (when and where they start happening) from a different angle? If lenders start jacking rates up over 7-8%, as may very well happen, it’s starting to look like a favorable investment, again, assuming the property price is back in line with a sustainable value.

For you realtors(R), is this sort of private party lending very common???

Thank you for your comments, snarky or otherwise.

[PatentGuy]

Dear Pig People (Piggies?)

Thank you for the many, many educational and (usually) entertaining reads for the past 6 months or so, since I stumbled onto this blog. I have been lurking ever since, and this particular post inspired me to finally chime in.

Regarding the question of what to do with your (American) dollars these days, does anyone out there have any experience (good, bad, ugly) in making/holding private mortgages? I’m talking arm’s length mortgages to strangers, not family members. Yes, obviously the property, price, and borrower all have to be carefully veted, but (for example) what about backing the Temecula-Guy types who have been carefully doing their homework and finally buy the right property at the “right” price? I don’t need another home to live in, bargain-priced or otherwise, and I don’t want to a landlord (ever again), so why not take advantage of the “recalibrated” prices (when and where they start happening) from a different angle? If lenders start jacking rates up over 7-8%, as may very well happen, it’s starting to look like a favorable investment, again, assuming the property price is back in line with a sustainable value.

For you realtors(R), is this sort of private party lending very common???

Thank you for your comments, snarky or otherwise.

[PatentGuy]

Dear Pig People (Piggies?)

Thank you for the many, many educational and (usually) entertaining reads for the past 6 months or so, since I stumbled onto this blog. I have been lurking ever since, and this particular post inspired me to finally chime in.

Regarding the question of what to do with your (American) dollars these days, does anyone out there have any experience (good, bad, ugly) in making/holding private mortgages? I’m talking arm’s length mortgages to strangers, not family members. Yes, obviously the property, price, and borrower all have to be carefully veted, but (for example) what about backing the Temecula-Guy types who have been carefully doing their homework and finally buy the right property at the “right” price? I don’t need another home to live in, bargain-priced or otherwise, and I don’t want to a landlord (ever again), so why not take advantage of the “recalibrated” prices (when and where they start happening) from a different angle? If lenders start jacking rates up over 7-8%, as may very well happen, it’s starting to look like a favorable investment, again, assuming the property price is back in line with a sustainable value.

For you realtors(R), is this sort of private party lending very common???

Thank you for your comments, snarky or otherwise.

[PatentGuy]

Dear Pig People (Piggies?)

Thank you for the many, many educational and (usually) entertaining reads for the past 6 months or so, since I stumbled onto this blog. I have been lurking ever since, and this particular post inspired me to finally chime in.

Regarding the question of what to do with your (American) dollars these days, does anyone out there have any experience (good, bad, ugly) in making/holding private mortgages? I’m talking arm’s length mortgages to strangers, not family members. Yes, obviously the property, price, and borrower all have to be carefully veted, but (for example) what about backing the Temecula-Guy types who have been carefully doing their homework and finally buy the right property at the “right” price? I don’t need another home to live in, bargain-priced or otherwise, and I don’t want to a landlord (ever again), so why not take advantage of the “recalibrated” prices (when and where they start happening) from a different angle? If lenders start jacking rates up over 7-8%, as may very well happen, it’s starting to look like a favorable investment, again, assuming the property price is back in line with a sustainable value.

For you realtors(R), is this sort of private party lending very common???

Thank you for your comments, snarky or otherwise.

[PatentGuy]

Dear Pig People (Piggies?)

Thank you for the many, many educational and (usually) entertaining reads for the past 6 months or so, since I stumbled onto this blog. I have been lurking ever since, and this particular post inspired me to finally chime in.

Regarding the question of what to do with your (American) dollars these days, does anyone out there have any experience (good, bad, ugly) in making/holding private mortgages? I’m talking arm’s length mortgages to strangers, not family members. Yes, obviously the property, price, and borrower all have to be carefully veted, but (for example) what about backing the Temecula-Guy types who have been carefully doing their homework and finally buy the right property at the “right” price? I don’t need another home to live in, bargain-priced or otherwise, and I don’t want to a landlord (ever again), so why not take advantage of the “recalibrated” prices (when and where they start happening) from a different angle? If lenders start jacking rates up over 7-8%, as may very well happen, it’s starting to look like a favorable investment, again, assuming the property price is back in line with a sustainable value.

For you realtors(R), is this sort of private party lending very common???

Thank you for your comments, snarky or otherwise.

[NotCranky]

Good Idea Patentguy. You might want to go check out the SDCIA blog.

“For you realtors(R), is this sort of private party lending very common???”

It happens enough for you to find a decent match. Learn all the pitfalls and all the worst case scenario cya’s. Watch the title like a hawk. You don’t want to have to depend on title insurance even though absolutely should get it. You already understand that you want highly marketable properties and extremely good LTV’s. You probably want a Lawyer to write up the note and trust deed and review the title. If you buy a property and do a sale and “owner carry” you want the buyer to have an attorney in case the buyer claims he was outclassed and outsmarted. You want the worst case scenario to be a foreclosure and liquidation in which you get all of your money or the marketable property back.

[NotCranky]

Good Idea Patentguy. You might want to go check out the SDCIA blog.

“For you realtors(R), is this sort of private party lending very common???”

It happens enough for you to find a decent match. Learn all the pitfalls and all the worst case scenario cya’s. Watch the title like a hawk. You don’t want to have to depend on title insurance even though absolutely should get it. You already understand that you want highly marketable properties and extremely good LTV’s. You probably want a Lawyer to write up the note and trust deed and review the title. If you buy a property and do a sale and “owner carry” you want the buyer to have an attorney in case the buyer claims he was outclassed and outsmarted. You want the worst case scenario to be a foreclosure and liquidation in which you get all of your money or the marketable property back.

[NotCranky]

Good Idea Patentguy. You might want to go check out the SDCIA blog.

“For you realtors(R), is this sort of private party lending very common???”

It happens enough for you to find a decent match. Learn all the pitfalls and all the worst case scenario cya’s. Watch the title like a hawk. You don’t want to have to depend on title insurance even though absolutely should get it. You already understand that you want highly marketable properties and extremely good LTV’s. You probably want a Lawyer to write up the note and trust deed and review the title. If you buy a property and do a sale and “owner carry” you want the buyer to have an attorney in case the buyer claims he was outclassed and outsmarted. You want the worst case scenario to be a foreclosure and liquidation in which you get all of your money or the marketable property back.

[NotCranky]

Good Idea Patentguy. You might want to go check out the SDCIA blog.

“For you realtors(R), is this sort of private party lending very common???”

It happens enough for you to find a decent match. Learn all the pitfalls and all the worst case scenario cya’s. Watch the title like a hawk. You don’t want to have to depend on title insurance even though absolutely should get it. You already understand that you want highly marketable properties and extremely good LTV’s. You probably want a Lawyer to write up the note and trust deed and review the title. If you buy a property and do a sale and “owner carry” you want the buyer to have an attorney in case the buyer claims he was outclassed and outsmarted. You want the worst case scenario to be a foreclosure and liquidation in which you get all of your money or the marketable property back.

[Author]

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