Cashed out 300k in February, spent 270k on a condo in LA
Taking out 160k @ 6.5% from a hard money lender cuz I’m a NEET and quit my job last year.
I owe 65k in taxes, so in April this 160 will turn into 95k (minus mortgage payments)
How do I turn this 160k into 225k so I can pay my taxes for “free”
I’m thinking of sticking it in AMZN and AAPL once they take a hit from their Q2 earnings, buying a condo in PR, getting a job at 100k and get a loan for a multi family house with 160k down...
Uh, I’m a jeweler in LA and can probably hit that pretty easily if that’s really all you want out of it. If you wanted more, naturally, that could happen too.
Henry Flores
be more realistic..
hitting a x2 with that much capital while asking for help on Jow Forums
270k fo a condo in LA? What shithole area did you buy in?
Aaron Phillips
Oh jewelry user
Ian Watson
>Cashed out 300k in February, youve receive no sympathy from us you fucking nigger
Aiden Mitchell
2x is 320 you mathcripple
Dylan Evans
...
Nolan Williams
3 miles from the beach, 15 miles to Santa Monica, 15 miles to downtown LA, 15 miles to Long Beach. If you’re from LA you’ll know
Brandon Cooper
I was supposed to be you. I was living in Hollywood and in January had over 330k. Instead I held onto ICX and watched it plummet to 30k. The worst part is, I made a taxable event on 12/31 so I still owe 45k. I’ve just been feeling pain everyday and regret.
Honestly, congrats you were wise enough to bail. I got greedy.
Chase Scott
>Buying at the peak of the RE housing bubble in LA.
lol
Zachary Walker
> Not realizing rent will never go down in LA
lol zoomers are funny
Eli Morales
I’m beating myself up I didn’t sell at 20k... no matter the choices, there’s still something else we could’ve done better. Don’t worry about it too much, the knowledge you gained being “greedy” will save your ass when the stakes are 10x higher
Daniel Ramirez
I’m from Long Beach, and trying half-heartedly to figure out where you bought. Serious about the jewelry thing, in my native ghetto-tongue I’m waiting for someone to “put me on”
Jaxon Thompson
OP just so you know if you fuck up trading with that loan you'll lose everything. Good luck.
Luis Walker
Ok what’s the elevator pitch for your scheme to make 60k in jewelry
Brody Bailey
I have concepts that are cultural relevant, deeply developed wholesale materials sources, and a production pipeline in place. The fusion is contemporary art and ostentatious jewelry. Even if we just look at the art status a marketing angle - people want to engage with artists, it’s a cool-factor, allows me be conceptually boundary pushing, which equates to visibility and keep edition sizes low, which raises desirability and deeply plays into value.
Nathaniel Turner
Biotech
Can confirm, I just realized this is why I like games with long term planning where the stakes are high. Eve online, fallout and WoW might have helped me along more than I thought
Jeremiah Miller
Tax man be comin' yo' alt coin to alt coin is considered the same as selling stock for another stock. Any gains you made are taxable. (USA)
Easton Reed
>Tax man be comin' yo' alt coin to alt coin is considered the same as selling stock for another stock. Any gains you made are taxable. (USA) prove it. IRS niggers
Christian Brooks
he's a jew
Brayden Johnson
But I’m not a Zionist.
Alexander Jones
Bump
Juan Diaz
>it's a new paradigm! Go buy some boomer stocks, dumbass. And pray that the market won't go into long overdue recession this year.
Carter Thompson
Translation Dis nigga gon take yo money and bounce
Oliver King
Why the fuck would I do that? It’s of way more use to me to execute on than to piss away.
Jaxson Gray
Wwyd
Isaiah Wood
you sound cool if not a larp. LA jewler that posts on biz and is well known here. very cool. a black dude? pretty sure yous dont usually s comes downs this ways too much, uh?
Caleb Morales
Not black. Lol. Where is “down this way”?
I work between LA and Long Beach most weeks.
Asher Russell
i need to turn 30k chainlink into 2mm by EOY how do i do it Jow Forums?
You probably meant it proverbially. I’m dead tired.
Jack Fisher
anoooon, platinum-group slut here, pls start making modern platinum jewelry the way they did it in the old times and the way it should be again (90%PLAT 10%IRID). it would also be nice if you could like make solid iridium jewelry that doesn't look like shit like the ones from American Elements.
James Jackson
I don’t have that same platinum fetish. Yet - but I’m making a white gold grill with a detailed bas relief of The Last Supper
Jayden Jackson
white gold is the first step to the right path! I wish you all the best with your work, I'm sure it will be beautiful.
Josiah Jackson
Appreciate you. What’s up with the the platinum-group?
Wyatt Reyes
aka >i tell rayciss 4channers i profit from nigg nogg culture but really im just here to scam nazis tell the truth kike