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-   -   Passive income ideas? (https://www.aspkin.com/forums/subscriber-discussions/56410-passive-income-ideas.html)

Roscoe 02-09-2013 06:26 PM

Quote:

Originally Posted by GhostWhoWalks (Post 419450)
I would guess 57 if I had too really cause I read you grew up with the 60's music! And being a Z06 owner cheaper for insurance as you get older! lol.

The great one! Hey that's my line! lol.

Very, very close. +/- 2 years, lol.

Yes, insurance is peanuts on fast cars when you're an old fart.

GhostWhoWalks 02-09-2013 06:27 PM

Quote:

Originally Posted by Roscoe (Post 419449)
I'd like to be 35 again, probably the best years of your life.

I keep hearing 60 is the new 40. Is that BS? :suspicious:

Yeah it's bs it's something we say to someone whos over 60 to make them feel better about themselves! Sorry!

If you want to feel young again and live longer, get HGH! $800 a month. Good luck!

GhostWhoWalks 02-09-2013 06:28 PM

Quote:

Originally Posted by Roscoe (Post 419451)
Very, very close. +/- 2 years, lol.

55 was my low end 57 was the number due to the 60's music, Z06 ownership, and business talk/act. ;) Plus all the info in your brain!

And insurance is only $138 for me on a Z06 I already checked last year. So it's not so bad!

sax4 02-09-2013 06:31 PM

Re: Passive income ideas?
 
I'm in my mid thirties and loving it, I'm living in an undisclosed behind the iron curtain. Foreigners are like rock-stars here, I think I'm de-ageing.

Roscoe 02-09-2013 06:32 PM

Dorner manhunt: Search resumes in Big Bear mountains - latimes.com

Hate to change the subject, but I'm wondering how this Cop situation will end?

He's already killed three and said he is going to kill 40 more LA cops.

Roscoe 02-09-2013 06:34 PM

Quote:

Originally Posted by sax4 (Post 419454)
I'm in my mid thirties and loving it, I'm living in an undisclosed behind the iron curtain. Foreigners are like rock-stars here, I think I'm de-ageing.

They say Youth is wasted on the Young. What I'd give to go back 25 years with the knowledge I have today. :doh:

30's is the best.

GhostWhoWalks 02-09-2013 06:35 PM

Quote:

Originally Posted by sax4 (Post 419454)
I'm in my mid thirties and loving it, I'm living in an undisclosed behind the iron curtain. Foreigners are like rock-stars here, I think I'm de-ageing.

I am 31 and look 22 (girls who asked me out from work said and though I was early 20s, even a girl 20 asked me out last year very very very hot, for a chubby guy I am damn sexy! Oh and married last month! Now taken!) Sax4, I wish I was back in the states and never left! But I am happy I did.

I think the best moments are ages when you grow up in your, and know it all. And no matter if you are my age of Roscoe's age! You will always be a kid in your mind! Our bodies get old, but are brains don't.

sax4 02-09-2013 06:39 PM

Re: Passive income ideas?
 
I think how great it would have been in this country if I had come ten years ago, but I wouldn't have enjoyed it so much as I do no because now I'm a very confident 36yr old. Also I wouldn't have been able to make a living online ten years ago.

I also look very young for my age, which is great when you're living in a student city ;)

GhostWhoWalks 02-09-2013 06:41 PM

Quote:

Originally Posted by sax4 (Post 419459)
I think how great it would have been in this country if I had come ten years ago, but I wouldn't have enjoyed it so much as I do no because now I'm a very confident 36yr old. Also I wouldn't have been able to make a living online ten years ago.

I also look very young for my age, which is great when you're living in a student city ;)

You must be Indian or from Paki correct?

Roscoe 02-09-2013 06:45 PM

Quote:

Originally Posted by GhostWhoWalks (Post 419458)
I am 31 and look 22 (girls who asked me out from work said and though I was early 20s, even a girl 20 asked me out last year very very very hot, for a chubby guy I am damn sexy! Oh and married last month! Now taken!) Sax4, I wish I was back in the states and never left! But I am happy I did.

I think the best moments are ages when you grow up in your, and know it all. And no matter if you are my age of Roscoe's age!

You will always be a kid in your mind! Our bodies get old, but are brains don't.

Everyone I meet says I act and sound like I'm 30. When I speak to people on Skype or the phone then meet them in person they're like, holy chit, you sounded young on the phone.

Then I tell them I'm older than thier father. They all say, my father acts & sounds his age but you are far from it. My father is 90 but looks and acts like a 70 year old, no kidding.

I love kids. At parties I'm the one playing outside on the swingset with them while people my age are talking about 401k, pensions, medicare, etc... like GreenBean says, FFS!

GhostWhoWalks 02-09-2013 06:50 PM

Quote:

Originally Posted by Roscoe (Post 419463)
Everyone I meet says I act and sound like I'm 30. When I speak to people on Skype or the phone then meet them in person they're like, holy chit, you sounded young on the phone.

Then I tell them I'm older than thier father. They all say, my father acts & sounds his age but you are far from it. My father is 90 but looks and acts like a 70 year old, no kidding.

I love kids. At parties I'm the one playing outside on the swingset with them while people my age are talking about 401k, pensions, medicare, etc... like GreenBean says, FFS!

LOLLLLLLLLLLLLLLLLL

Girls say I have a sexy voice. You got my personal site of exotic car videos! lol.

The secret is acting young and you will be FOREVER young! I wish by the time I am 60 they'll have a way for us to live forever! With technology!

LOLLLLLL 401k pensions medicare lol How their bones hurt! What retirement home is best to go too! lolll What's FFS? GB :pop2: :yar: is going to kick our @$$ES for getting off topic!

We better stop!

Roscoe 02-09-2013 06:51 PM

Quote:

Originally Posted by sax4 (Post 419459)
I think how great it would have been in this country if I had come ten years ago, but I wouldn't have enjoyed it so much as I do no because now I'm a very confident 36yr old.

Also I wouldn't have been able to make a living online ten years ago.

I also look very young for my age, which is great when you're living in a student city ;)

Ha, very few were making money online 10 years ago.

The interent didn't really explode until about 2007. That's when social sites took off, technology got very cheap (even free) and the internet was now mainstream.

Now with the Smartphone craze and 3 billion peple with cellphones it will enter the next phase.

This is the infancy of the internet. I started in 1994 when I received a CD rom in the mail for this thing called America Online. I got my low speed dialup with 72 baud or something and it was off to the races.

I would sometimes wait 20 minutes for a huge graphics page to load. :eek:

Roscoe 02-09-2013 06:54 PM

Quote:

Originally Posted by GhostWhoWalks (Post 419465)
LOLLLLLLLLLLLLLLLLL

Girls say I have a sexy voice. You got my personal site of exotic car videos! lol.

The secret is acting young and you will be FOREVER young! I wish by the time I am 60 they'll have a way for us to live forever! With technology!

LOLLLLLL 401k pensions medicare lol How their bones hurt! What retirement home is best to go too! lolll

What's FFS? GB :pop2: :yar: is going to kick our @$$ES for getting off topic!

We better stop!

For F**** sake. <<< That means GB is really irritated.

Yes, we better get back on topic or GB will hit the Ban button. :typing:

sax4 02-09-2013 06:55 PM

Re: Passive income ideas?
 
Uh noooo. I'm English, but my mother is Eastern European

GhostWhoWalks 02-09-2013 06:57 PM

20 minutes for a huge graphic page to load! lol That is when you know you are getting old! JK!

Yeah we talked enough business for the thread starter so when he has a few 100k's he can open up a subway maybe if he wants too!

GreenBean 02-09-2013 06:57 PM

Quote:

Originally Posted by bruceuk (Post 419426)
.
Nothing is handed to me , i work for every penny and i started with nothing so everything is a bonus.

And if we manage to get the thread back on track, we might give the OP some more info about his request for 'passive earnings'


today's new adventure

:focus:

sax4 02-09-2013 06:59 PM

Re: Passive income ideas?
 
I was late to the party with working online. Made my first serious cash in 2007, bought some car accessories for a less than a tenth of their real cost. Made a 5 figure sum, and went from there really.

Now I live in a city where the average wage is less than 200 euros a month. Its a beautiful city, I don't work so much, rather be spending my time drinking coffee with beautiful ladies :)

Sandy D 02-10-2013 03:18 AM

Quote:

Originally Posted by GhostWhoWalks (Post 419365)
Do a lot of research before you go. I was in real estate, a long time ago. But make sure you know how much things costs to fix up. Roof $5k, electrical problems, pluming, taxes, yearly tax, etc. Know how long before you can sell the house without paying taxes on it. See what the value of the houses are on the street. Etc. Simple stuff.

I already have been buying RE and own some rentals and a nice chunk of land a major store needs badly.

Actually flipped a house in 2000 I paid 124k for, put new carpet in, painted the walls, put in some trees and scrubs and sold it within a month for 175.

Bought the home to live in it but realtor said wow, you made this house awesome, I think I might have a buyer for it.

Turned out to be one of the people who looked at it before us and did not see the potential in it.

As Aspkin has said, we have a property with a store front in the bottom and an apartment in the top. Nice monthly profits taking in two payments for rent.

I like making money and only have to collect rent. One problem you have when making rental money is the tenant. Screen them very well so you dont get one who wont pay or destroys your property.

And Aspkin knows that if you clear decent money and screen people the money comes in and you 95% dont have to do anything.

GhostWhoWalks 02-10-2013 07:30 AM

I was thinking it was your first time the way you made it sound! LOL

Very nice profits!

I wouldn't want to deal with collecting rent at all. I have a friend who owns 6 or 7 homes down in Florida, he does very well but some tenants can be a real pain and destroy it and not even pay! They should have some kind of a law against this! I wouldn't deal with properties myself, unless it was in this country were you can rape the prices on people cause they make a lot!

Roscoe 02-10-2013 12:11 PM

Quote:

Originally Posted by GhostWhoWalks (Post 419637)
I was thinking it was your first time the way you made it sound! LOL

Very nice profits!

I wouldn't want to deal with collecting rent at all. I have a friend who owns 6 or 7 homes down in Florida, he does very well but some tenants can be a real pain and destroy it and not even pay! They should have some kind of a law against this! I wouldn't deal with properties myself, unless it was in this country were you can rape the prices on people cause they make a lot!

Former Landlord here, and I mean Former, lol.

As SandyD stated, pre-screening is CRITICAL to being a landlord. Treat this as a business, most don't.

I would verify employers, past landlords, etc...

I also ran Credit and Background checks and made the Potential Renter pay for the service (less than $100). If they passed my checking then I credited the background check to their deposit.

From the time a tenant stops paying rent to actually being evicted takes appox 5+ months. 5 months of rent gone forever, lawyer fees, and then the damages to your unit.

90% of renters are good, it's the other 10% that make it miserable.

BTW, a single mother with kids can be almost impossible to get a judge to evict. The courts give them tons of time to move out.

Callidus 02-10-2013 01:50 PM

Some VERY interesting business models being portrayed in this thread!


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