1y ago  Financial Independence

@Sergei_Rachmaninoff_Is_Alive

even start /join like a "masionic" group

Tbh, this is a bit gay.

You seem to be afraid of the autonomy that your financial state would imply.

You would indeed need to enter some social circles as a peripheral member, initially, but the aim would be to make real friends and ultimately an intimate band-of-brothers.

Don't do it in your natural obsessive -conpulsive way (the safe way of strictly structured groups) because their inflexibility means you won't be able to grow.

Also, if your target to expand/double your business is sapping much of your energy, you might want to reconsider your priorities, give a bit more space to new instead of the future.

1y ago  Financial Independence

Which direction should I go in my life from here?

The goal: to expand my horizons, not only financially, but also socially.

About me:

  • 28 years old,
  • 210lbs, 5'10, IQ 120
  • Health: I go to the gym every day. I'm fairly good looking. My diet is 90% clean. Some fast food here and there on rare occasion.
  • Live in San Diego California (pretty happy here - may or may not stay)
  • Certified Public Accountant (tax specialized). This profession does great in Cali. Making over $100K revenue working by myself. Not even full-time
  • Own my own Accounting Firm, helping clients pay less in taxes, do bookkeeping, negotiate taxes with IRS, etc. typical accountant stuff.

  • Right-wing AF. Taxation is theft and i'm hella anti-tax.

Aside from expanding my business (hoping to reach $200K revenue this year in 2023), what should I do in particular to expand my finances and wealth? (considering today's economic situation, investing feels like a waste of money. Crime in the US is through the roof and I doubt this country even has a future).

Another major goal of mine is to get better with women. The only thing I really lack is confidence / balls. I mean I got "balls" but i certainly wish they were bigger. If i could choose between banging lots of women vs. finding ONE woman to settle down with and have kids, obviously i would choose the latter. However, as you gents are well-aware finding a wife-material girl is tough/impossible nowadays.

I also want to expand my social circles, and potentially even start /join like a "masionic" group. I want to be part of a secret group that meets and makes meaningful decisions that have an impact.

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1y ago  Financial Independence

@chadinthemaking69 you left out "get a bunch of federal funds for the electric car company".

1y ago  Financial Independence
1y ago  Financial Independence

@truthdontbehidden Be a founder of paypal then use that money to fund an electric car company and then use that money to fund a space company and then use that money to be rich.

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1y ago  Financial Independence

The auction went well for me this time. I bought 7 parcels out of the 9 I really wanted. Now I have a portfolio of 13 properties, of which at least 2 are keepers but many still sight unseen in person.

I've concentrated on remote desert and mountain lots, either worthy as a ranch and/or "bug out" destination or on distinguishing terrain like buttes rising out of the otherwise flat mundane desert floor. I also got two amazing but landlocked mountain canyon acreages that I have special plans for. These are unicorn wild mountain parcels within hiking distance of the 7-8 figure foothill mansions bordering the vast LA urban sprawl. Might be a cool "primitive build" opportunity.

The first titles have rolled in with the last expected ~60 days out. I'll invest a bit of sweat equity and take some great photos, then get to work marketing them. I've noticed my "competition" in land and tax sale flipping is absolute shit in this department; hopefully my time to shine.

This is a numbers game; one expects some properties to turn out to be turkeys so you hedge your bets. At least 2 of the most plum properties should each sell for more than I paid for all of them, and most of the rest will probably average around half that figure. There are a lot of overpriced yet completely useless, and tons of bland remote parcels you'd be lucky to sell for what you paid bottom dollar at the tax auction. Looking at you, California City! Pick well though, and the upside potential is crazy. One of the properties I bought for under $6k has a very old thus low assessor value of $35k.

I will offer ea$y qualifying owner financing if they make a down payment greater than my cost and a bit of gross profit. I will offer hard-money level mortgage interest rates and no prepayment penalty. Thus, some of the properties will return an immediate profit, others will provide passive income for my semi-retirement.

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1y ago  Financial Independence

$5,035 Bid deposit made, terabytes of information (mainly imagery) combed through researching prospective purchases, much driving to dusty desolate places completed. There's good money potential in this, but don't mistake that for easy money. Ready for the auction next week!

I've wanted to do this for 20 years, and studied a LOT starting way back then. Glad to finally have the liquid capital available so I can jump in and be a player! I'm just hoping the entire Western monetary system doesn't collapse around me right as I hit a new stride. It's gotten to the point where this is a very real possibility within the next year. Used to be it was a running JOKE to show different investment portfolio recommendations based on certain financial indices, with the bottom two recommending increasing percentages into ammunition and yams. Now, that isn't really even a joke anymore!

Hope there's enough time to do a few years of this first!

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1y ago  Financial Independence

The County is doing a reoffer tax sale for 450ish properties that were unsold or forfeited by winning bidders out of the thousands in the last sale. Some of the ones I was interested in before are getting reoffered at half the minimum bid of before, and I'm pretty sure there's a lot less competing bidders in the reoffer sale. Hopefully I'll grow my little portfolio even more from the current 4 flipper and 2 hodl parcels.

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2y ago  Financial Independence

@MentORPHEUS congrats! Good luck to you!

2y ago  Financial Independence

Welp, it's done. Bidding was fierce on some of the properties I was interested in. Won the parcel next to the train setup, will be interesting to meet that clan. Also got a remote desert parcel, and a landlocked acreage within a wilderness area with creek, steep cliffs, and slot canyons/levels/possible caverns. Was bidding heavily on another plum mountain property, but a lot of deep pockets wanted that one too and I helped add $15,000 to what they ultimately paid.

Hoping I can flip the cheapest for more than I paid for all three. I'm a new player in this space but I've invested TONS of time researching past sales, prices reached, and the fate of some of the sold properties in the years after the sale, so I have some factual basis behind my pipe dreams here. Some investors pulled a demoltion permit the week they received their tax deed. Will be putting in literal sweat equity over the next few months as these are high desert properties.

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