Bunbury said:

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Just curious to see what other options I may not be aware of haven't considered if others have any insight. For some context, we are good on retirement savings, 529's, and our house, so trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time. TIA!

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Art sales have outperformed the markets the last few years

CPDAggie10 said:

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Real estate. Some of my best deals the past few years have been in real estate. As others have said it's a much tougher market right now with the crazy inflated prices and rates where they are at.

Don't listen to whoever said it is a bad idea if you have no experience. You gotta start somewhere and there are many ways to get into the space.

My main goal is to stack as many doors as I can in my portfolio that eventually I can live off my passive income.

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The OP said "...trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time."

Real estate is very time consuming.

Deputy Travis Junior said:

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CPDAggie10 said:

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Real estate. Some of my best deals the past few years have been in real estate. As others have said it's a much tougher market right now with the crazy inflated prices and rates where they are at.

Don't listen to whoever said it is a bad idea if you have no experience. You gotta start somewhere and there are many ways to get into the space.

My main goal is to stack as many doors as I can in my portfolio that eventually I can live off my passive income.

---

The OP said "...trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time."

Real estate is very time consuming.

---

Again, it doesn't have to be. Too many of you think "real estate" means buying single family homes and renting them yourself. There's a person on this very board who provides an avenue where all you do is put $50-$100k in the pot and let him go do the work. You do literally nothing. I don't know how his returns are structured, but most like him will cash flow at a market beating clip with a total return upon sale that far outpaces most investments, like 2-3x range.

Deputy Travis Junior said:

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CPDAggie10 said:

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Real estate. Some of my best deals the past few years have been in real estate. As others have said it's a much tougher market right now with the crazy inflated prices and rates where they are at.

Don't listen to whoever said it is a bad idea if you have no experience. You gotta start somewhere and there are many ways to get into the space.

My main goal is to stack as many doors as I can in my portfolio that eventually I can live off my passive income.

---

The OP said "...trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time."

Real estate is very time consuming.

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My wife and I are empty nesters with four adult Aggie kids.

We started investing in real estate after they left the house.

It's time consuming.

Aglaw97 said:

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Have you invested in properties in BCS? I'm actually in a place where I'm seriously considering that and would be looking for any agent referrals and/or thoughts on the best areas today for such an investment.

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Howdy AgLaw97 - I just sent you a message but I would love a chance to talk with you about the opportunity to earn your business.

zagman said:

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Deputy Travis Junior said:

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CPDAggie10 said:

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Real estate. Some of my best deals the past few years have been in real estate. As others have said it's a much tougher market right now with the crazy inflated prices and rates where they are at.

Don't listen to whoever said it is a bad idea if you have no experience. You gotta start somewhere and there are many ways to get into the space.

My main goal is to stack as many doors as I can in my portfolio that eventually I can live off my passive income.

---

The OP said "...trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time."

Real estate is very time consuming.

---

Again, it doesn't have to be. Too many of you think "real estate" means buying single family homes and renting them yourself. There's a person on this very board who provides an avenue where all you do is put $50-$100k in the pot and let him go do the work. You do literally nothing. I don't know how his returns are structured, but most like him will cash flow at a market beating clip with a total return upon sale that far outpaces most investments, like 2-3x range.

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Adding on to this - I am firmly in the camp of acquiring "doors" to build a passive income portfolio that I can live off of and "manage" as a retirement gig to keep me busy.

But I'll be honest - today's rates hovering around 7% make it really tough for a deal to pencil in positive cashflow. Then you slap on the added annual increases in property taxes from the local appraisal district and it makes even a positive cashflow deal even less positive cashflow on a go-forward basis.

So the best way to mitigate the above is putting more down on the property and financing less or going mortgage free. That frees up the cashflow obligated to the mortgage and helps keep it going to yours. This doesn't factor in rent increases you can consider but the underlying still applies.

So if you have an opportunity to make a 18% rate of return (or whatever Jamie is forecasting) annualized by investing that $100K into a LP structure as mentioned above by Zagman - that eliminates the mortgage obligation tied directly to you and keeps your hands free from having to deal with tenants. And you can take that $100K + any gains and 1031x that into another deal to keep you from avoiding the tax man.

Red Pear Luke (BCS) said:

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zagman said:

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Deputy Travis Junior said:

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CPDAggie10 said:

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Real estate. Some of my best deals the past few years have been in real estate. As others have said it's a much tougher market right now with the crazy inflated prices and rates where they are at.

Don't listen to whoever said it is a bad idea if you have no experience. You gotta start somewhere and there are many ways to get into the space.

My main goal is to stack as many doors as I can in my portfolio that eventually I can live off my passive income.

---

The OP said "...trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time."

Real estate is very time consuming.

---

Again, it doesn't have to be. Too many of you think "real estate" means buying single family homes and renting them yourself. There's a person on this very board who provides an avenue where all you do is put $50-$100k in the pot and let him go do the work. You do literally nothing. I don't know how his returns are structured, but most like him will cash flow at a market beating clip with a total return upon sale that far outpaces most investments, like 2-3x range.

---

Adding on to this - I am firmly in the camp of acquiring "doors" to build a passive income portfolio that I can live off of and "manage" as a retirement gig to keep me busy.

But I'll be honest - today's rates hovering around 7% make it really tough for a deal to pencil in positive cashflow. Then you slap on the added annual increases in property taxes from the local appraisal district and it makes even a positive cashflow deal even less positive cashflow on a go-forward basis.

So the best way to mitigate the above is putting more down on the property and financing less or going mortgage free. That frees up the cashflow obligated to the mortgage and helps keep it going to yours. This doesn't factor in rent increases you can consider but the underlying still applies.

So if you have an opportunity to make a 18% rate of return (or whatever Jamie is forecasting) annualized by investing that $100K into a LP structure as mentioned above by Zagman - that eliminates the mortgage obligation tied directly to you and keeps your hands free from having to deal with tenants. And you can take that $100K + any gains and 1031x that into another deal to keep you from avoiding the tax man.

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Another vote for passive multi family investing. Just make sure it's with a syndicator with a strong track record.

Spaceship said:

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OldArmyCT said:

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My son in law is part owner in maybe 20 different fast food restaurants. Fuzzy's, Chick Salad Chick, Dave's Hot Chicken. His full time job is owning the 2nd largest title company in FW with 6 offices, so obviously those joints aren't time consuming. And I can tell you he's making coin.

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I'm curious how he got into partial ownership. Is this a group or partnership he's a part of, or did he go a different route?

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I'd like to know more about this as well.

Bob_Ag said:

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Red Pear Luke (BCS) said:

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zagman said:

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Deputy Travis Junior said:

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CPDAggie10 said:

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Real estate. Some of my best deals the past few years have been in real estate. As others have said it's a much tougher market right now with the crazy inflated prices and rates where they are at.

Don't listen to whoever said it is a bad idea if you have no experience. You gotta start somewhere and there are many ways to get into the space.

My main goal is to stack as many doors as I can in my portfolio that eventually I can live off my passive income.

---

The OP said "...trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time."

Real estate is very time consuming.

---

Again, it doesn't have to be. Too many of you think "real estate" means buying single family homes and renting them yourself. There's a person on this very board who provides an avenue where all you do is put $50-$100k in the pot and let him go do the work. You do literally nothing. I don't know how his returns are structured, but most like him will cash flow at a market beating clip with a total return upon sale that far outpaces most investments, like 2-3x range.

---

Adding on to this - I am firmly in the camp of acquiring "doors" to build a passive income portfolio that I can live off of and "manage" as a retirement gig to keep me busy.

But I'll be honest - today's rates hovering around 7% make it really tough for a deal to pencil in positive cashflow. Then you slap on the added annual increases in property taxes from the local appraisal district and it makes even a positive cashflow deal even less positive cashflow on a go-forward basis.

So the best way to mitigate the above is putting more down on the property and financing less or going mortgage free. That frees up the cashflow obligated to the mortgage and helps keep it going to yours. This doesn't factor in rent increases you can consider but the underlying still applies.

So if you have an opportunity to make a 18% rate of return (or whatever Jamie is forecasting) annualized by investing that $100K into a LP structure as mentioned above by Zagman - that eliminates the mortgage obligation tied directly to you and keeps your hands free from having to deal with tenants. And you can take that $100K + any gains and 1031x that into another deal to keep you from avoiding the tax man.

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Another vote for passive multi family investing. Just make sure it's with a syndicator with a strong track record.

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There are several places you can go to learn more about passive investing in multi-family. It is the fastest way to grow money short of a dice roll in Vegas or any gambling facility. The tax laws certainly are a benefit.

For those doing single family & 1031's, you can continue to kick the can down the road w/1031's.

Bunbury said:

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Just curious to see what other options I may not be aware of haven't considered if others have any insight. For some context, we are good on retirement savings, 529's, and our house, so trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time. TIA!

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Taxable? What is your plan? What is "good?"

Don't complicate this, S&P in a taxable brokerage. If you want exotic: 1) write puts against, or 2) JEPI.

We need a Excel submission like BH to assess these random posts.

OldArmyCT said:

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My son in law is part owner in maybe 20 different fast food restaurants. Fuzzy's, Chick Salad Chick, Dave's Hot Chicken. His full time job is owning the 2nd largest title company in FW with 6 offices, so obviously those joints aren't time consuming. And I can tell you he's making coin.

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Hes probably figured out : surround yourself w the best employees, treat them well, pay them a tad above market, listen to their ideas and feedback, and if you do those things you'll be surprised at how successful your small business can be.

Orlando Ayala Cant Read said:

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OldArmyCT said:

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My son in law is part owner in maybe 20 different fast food restaurants. Fuzzy's, Chick Salad Chick, Dave's Hot Chicken. His full time job is owning the 2nd largest title company in FW with 6 offices, so obviously those joints aren't time consuming. And I can tell you he's making coin.

---

Hes probably figured out : surround yourself w the best employees, treat them well, pay them a tad above market, listen to their ideas and feedback, and if you do those things you'll be surprised at how successful your small business can be.

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Pre Covid I would agree. Now hiring and retaining hourly employees is an absolute nightmare. Few warm bodies with half a brain want to work and most of those that do are just stealing a paycheck and taking up space. I had three small businesses (10-12 employees each location) and I have sold two due to this enormous headache! It just got to a point where the juice is not worth the squeeze. The eighth wonder of the world to me will always be where in the hell these people disappeared to after the fake pandemic.

Staying on topic, my advice is to sit tight and just collect a 5% CD or MM account for the time being until the **** hits the fan (and it will hit sooner than later) then cash in on that RE! Now is not an ideal time to buy for a host of reasons.

BoDog said:

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Orlando Ayala Cant Read said:

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OldArmyCT said:

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My son in law is part owner in maybe 20 different fast food restaurants. Fuzzy's, Chick Salad Chick, Dave's Hot Chicken. His full time job is owning the 2nd largest title company in FW with 6 offices, so obviously those joints aren't time consuming. And I can tell you he's making coin.

---

Hes probably figured out : surround yourself w the best employees, treat them well, pay them a tad above market, listen to their ideas and feedback, and if you do those things you'll be surprised at how successful your small business can be.

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Pre Covid I would agree. Now hiring and retaining hourly employees is an absolute nightmare. Few warm bodies with half a brain want to work and most of those that do are just stealing a paycheck and taking up space. I had three small businesses (10-12 employees each location) and I have sold two due to this enormous headache! It just got to a point where the juice is not worth the squeeze. The eighth wonder of the world to me will always be where in the hell these people disappeared to after the fake pandemic.

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Its quite wild. The COVID handouts have been turned off, some of the Big Tech distribution jobs that many hourly employees upgraded to have been laid off....that leaves us a host of people in the void somewhere that are doing nothing and somehow not dying off because of it.

I think may be what happening is that hourly folks are job hopping like mad amongst all of these jobs out there? IOW, they can just go from job to job and skate until they are found out and then just move to the next one because the demand is so high that you can get hired very easily.

zagman said:

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Deputy Travis Junior said:

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CPDAggie10 said:

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Real estate. Some of my best deals the past few years have been in real estate. As others have said it's a much tougher market right now with the crazy inflated prices and rates where they are at.

Don't listen to whoever said it is a bad idea if you have no experience. You gotta start somewhere and there are many ways to get into the space.

My main goal is to stack as many doors as I can in my portfolio that eventually I can live off my passive income.

---

The OP said "...trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time."

Real estate is very time consuming.

---

Again, it doesn't have to be. Too many of you think "real estate" means buying single family homes and renting them yourself. There's a person on this very board who provides an avenue where all you do is put $50-$100k in the pot and let him go do the work. You do literally nothing. I don't know how his returns are structured, but most like him will cash flow at a market beating clip with a total return upon sale that far outpaces most investments, like 2-3x range.

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In the interest of time, who on this board is structuring these type deals?

BoDog said:

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zagman said:

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Deputy Travis Junior said:

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CPDAggie10 said:

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Real estate. Some of my best deals the past few years have been in real estate. As others have said it's a much tougher market right now with the crazy inflated prices and rates where they are at.

Don't listen to whoever said it is a bad idea if you have no experience. You gotta start somewhere and there are many ways to get into the space.

My main goal is to stack as many doors as I can in my portfolio that eventually I can live off my passive income.

---

The OP said "...trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time."

Real estate is very time consuming.

---

Again, it doesn't have to be. Too many of you think "real estate" means buying single family homes and renting them yourself. There's a person on this very board who provides an avenue where all you do is put $50-$100k in the pot and let him go do the work. You do literally nothing. I don't know how his returns are structured, but most like him will cash flow at a market beating clip with a total return upon sale that far outpaces most investments, like 2-3x range.

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In the interest of time, who on this board is structuring these type deals?

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Real estate board is what I meant. I linked to his thread with my first post on this thread.

10-4. Thanks!

Bunbury said:

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Just curious to see what other options I may not be aware of haven't considered if others have any insight. For some context, we are good on retirement savings, 529's, and our house, so trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time. TIA!

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I just put about 100k in GOF, long-term on the divvies. 18.2 c / per month, since 2013, 13-14%. Started at 14.2 c back in 2007. Got in at about $15.80.

texsn95 said:

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Bunbury said:

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Just curious to see what other options I may not be aware of haven't considered if others have any insight. For some context, we are good on retirement savings, 529's, and our house, so trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time. TIA!

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I just put about 100k in GOF, long-term on the divvies. 18.2 c / per month, since 2013, 13-14%. Started at 14.2 c back in 2007. Got in at about $15.80.

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Huh? Layman's terms please. I'm following thread because I'm in the same boat. Have up to 300k to invest but going with cds for now and high yield savings until I figure out what to do

Im telling you, keep it in a 5% MM (or CD) for now. Wait unitl the **** hits the fan in less than 18 months...

Then what to target? How do you find opportunities?Why 18 months do you think bottom falls out?

That is purely conjecture on my part... just something I firmly believe based upon the economic winds we are seeing now as well as what I hear from some of the economists I follow.

For me personally it will be real estate (non office commercial and some residential), but you probably cant go wrong with an index fund if that is something you are more comfortable with. Yes I know it is trying to "time the market" but it is pretty clear it is overvalued and falsely inflated.

BoDog said:

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That is purely conjecture on my part... just something I firmly believe based upon the economic winds we are seeing now as well as what I hear from some of the economists I follow.

For me personally it will be real estate (non office commercial and some residential), but you probably cant go wrong with an index fund if that is something you are more comfortable with. Yes I know it is trying to "time the market" but it is pretty clear it is overvalued and falsely inflated.

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One time for here.co - I've enjoyed it so far as a lower entry point to RE benefits without dealing with all the stuff. All vacation rentals so you have to know the area and what that comes with, just another idea to read on!

Quote:

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My parents had zero experience and they are living off the passive income of RE and have never touched their retirement nest egg. What dumbasses!

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Real Estate! Yep. It works, but we are holding off now on purchasing any more right now because we can't make the numbers work. That said, we did luck out on a house with a garage apartment recently so it will make good money with 2 rents.

We've never touched our retirement "stock pile" either.

We have used the 1031 process a couple of times & that works. Yes, it is just a deferral but like many have commented - they will be deferred until death.

montanagriz said:

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texsn95 said:

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Bunbury said:

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Just curious to see what other options I may not be aware of haven't considered if others have any insight. For some context, we are good on retirement savings, 529's, and our house, so trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time. TIA!

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I just put about 100k in GOF, long-term on the divvies. 18.2 c / per month, since 2013, 13-14%. Started at 14.2 c back in 2007. Got in at about $15.80.

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Huh? Layman's terms please. I'm following thread because I'm in the same boat. Have up to 300k to invest but going with cds for now and high yield savings until I figure out what to do

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GOF is the ticker for Guggenheim Strategic Opportunities Fund. He's saying he gets dividends of 18.2 cents per share every month, which works out to a 13-14% return. It's gone up over time. In 2007 the fund paid out 14.2 cents per share. He bought in at about $15.80 per share with $100k, so he's got about 6330 shares paying about $1150/mo.

techno-ag said:

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montanagriz said:

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texsn95 said:

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Bunbury said:

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Just curious to see what other options I may not be aware of haven't considered if others have any insight. For some context, we are good on retirement savings, 529's, and our house, so trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time. TIA!

---

I just put about 100k in GOF, long-term on the divvies. 18.2 c / per month, since 2013, 13-14%. Started at 14.2 c back in 2007. Got in at about $15.80.

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Huh? Layman's terms please. I'm following thread because I'm in the same boat. Have up to 300k to invest but going with cds for now and high yield savings until I figure out what to do

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GOF is the ticker for Guggenheim Strategic Opportunities Fund. He's saying he gets dividends of 18.2 cents per share every month, which works out to a 13-14% return. It's gone up over time. In 2007 the fund paid out 14.2 cents per share. He bought in at about $15.80 per share with $100k, so he's got about 6330 shares paying about $1150/mo.

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This sounds too good to be true. What's the catch?

Spaceship said:

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techno-ag said:

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montanagriz said:

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texsn95 said:

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Bunbury said:

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Just curious to see what other options I may not be aware of haven't considered if others have any insight. For some context, we are good on retirement savings, 529's, and our house, so trying to explore alternative investments that may not terribly time consuming while we have young kids taking up most of our spare time. TIA!

---

I just put about 100k in GOF, long-term on the divvies. 18.2 c / per month, since 2013, 13-14%. Started at 14.2 c back in 2007. Got in at about $15.80.

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Huh? Layman's terms please. I'm following thread because I'm in the same boat. Have up to 300k to invest but going with cds for now and high yield savings until I figure out what to do

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GOF is the ticker for Guggenheim Strategic Opportunities Fund. He's saying he gets dividends of 18.2 cents per share every month, which works out to a 13-14% return. It's gone up over time. In 2007 the fund paid out 14.2 cents per share. He bought in at about $15.80 per share with $100k, so he's got about 6330 shares paying about $1150/mo.

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This sounds too good to be true. What's the catch?

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You could lose all your money. No FDIC on this.

Taxed as regular income if it's in a taxable account so figure a third to Uncle Sam after you pass your income threshold.

Other than that, it's not bad. There's a handful of solid monthly dividend payers but there will always be risk when you put your money in the market. I'm just answering his request for a plain English explanation, I don't own GOF.

Its a solid fund but the expense ratio is through the roof. Maybe I am grasping at something to complain about but giving away almost 2% off the top doesnt sit well....

BoDog said:

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Its a solid fund but the expense ratio is through the roof. Maybe I am grasping at something to complain about but giving away almost 2% off the top doesnt sit well....

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I don't use this investment, but I see it is levered. If they unlevered the fund, it would likely approach 1%, I think.

So, my quick take is the leverage is a higher risk than the cost.

Aglaw97 said:

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Have you invested in properties in BCS? I'm actually in a place where I'm seriously considering that and would be looking for any agent referrals and/or thoughts on the best areas today for such an investment.

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We currently have 2 rent houses (bought in last 2 years), and own part of a 3rd of a family member. We have and will continue to use Goly Apgar with Century 21. We plan on buying more (maybe 1 every 1-2 years).

And I will say, we do not spend much time on all of this. Our realtor rents it out for us, we have a home warranty on the houses. So far it has been a great way for fairly passive income.

Appreciate the referral.

BoDog said:

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Its a solid fund but the expense ratio is through the roof. Maybe I am grasping at something to complain about but giving away almost 2% off the top doesnt sit well....

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Again, I don't own it. But their history of dividend payouts is very impressive. They have not missed a month since 2007 and they have never lowered their dividend. Maybe that 2% off the top is worth it.

Thank you