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Forum » Just made $190k in 15 minutes AMA (pic) (reps)
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Thread: Just made $190k in 15 minutes AMA (pic) (reps)

post 1617099791 09-20-2020, 04:18 PM
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#121
  1. r32gojirra
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Originally Posted By isingmodel⏩
This is not what making $190k in 15 mins means. Why isn't OP red?
Originally Posted By tvr123⏩
You deserve to be negged for pathetically misleading title
Well what are you waiting for
post 1617108651 09-20-2020, 06:07 PM
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#122
  1. r32gojirra
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Originally Posted By yeezyszn2020⏩
Respect brah

You rip on me a lot (Patagucci)

But your success is defn inspiring

Mirin hard big dawg

Wish I was smart enough to be an actuary haha
Cheers homie good to see someone not butthurt on the misc

BTW I’m no actuary I don’t do numbers stuff. I only audit risk and compliance. It’s more closely related to legal than accounting (which makes sense since I’m a lawyer and never did an accounting degree)

Highly recommend it as a job, not difficult low stress and functionally unlimited earnings potential even if you’re not very talented
post 1617127371 09-20-2020, 10:04 PM
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#123
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Originally Posted By RWNAT⏩
All I see is a piece of paper with numbers which any jackass can print
How about now

post 1617127521 09-20-2020, 10:06 PM
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#124
  1. meanstringbean
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lol at bragging about flipping a sub 200k property.

What trailer park auction was this boyo?
post 1617129051 09-20-2020, 10:29 PM
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#125
  1. r32gojirra
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Originally Posted By WiseOldApe⏩
what are you going to do with the funds?
Either
a) spend it on premium finishes for my current development or
b) lambo
post 1617197881 09-21-2020, 04:27 PM
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#126
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Originally Posted By FrankGrimes29⏩
Nice OP. Lol at jelly miscers itt. Forgot everyone is CEO 10k/day

What are you going to do with it? Roll it into another property, rinse, repeat?

Is this your full time job?
^^^nope, full time “job” is audit and risk advisory but the “side hustle” is on track to eclipse my fee income this year by a fair bit
Originally Posted By FrankGrimes29⏩
Hey OP I was thinking though, why don't you just do this will vacant land?

Buy cash, flip at auction, profit with no hassles from a house. Find motivated sellers, then sell at market value. Was thinking about doing this eventually as a side hustle when I get extra cash.

Would think land, especially in Australia right now, would be pretty profitable.
The problem with vacant land being released is its not in places where people want to live.

I did the comparisons and in a per square meter basis, buying a block in the inner city and subdividing is about the same even accounting for demolition, subdivision fees and upgrading utilities.

The difference being with my blocks it’s a 5 minute commute into the city whereas with the new released land it’s 45 mins or more
post 1617205191 09-21-2020, 05:41 PM
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#127
  1. FiLL
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Nice one mane! Keep hustlin'
post 1617205601 09-21-2020, 05:46 PM
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#128
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Congrats bro. Nothing wrong will pulling a couple hundo k
post 1617292411 09-22-2020, 02:54 PM
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#129
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Originally Posted By FiLL⏩
Nice one mane! Keep hustlin'
Originally Posted By TheScapeGOAT⏩
Congrats bro. Nothing wrong will pulling a couple hundo k
Thank brahs will get you off r/c
post 1617293311 09-22-2020, 03:02 PM
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#130
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1) you live in australia.

2) you made your sale price minus purchase price, not $190k.
post 1617293761 09-22-2020, 03:08 PM
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#131
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OP you don't understand accounting.
post 1617328461 09-22-2020, 09:40 PM
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#132
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Originally Posted By Dota2Brah⏩
1) you live in australia.

2) you made your sale price minus purchase price, not $190k.
You forgot to account for a range of other costs

Sale price - (purchase price, construction costs, regulatory and planning approvals and fees, capital gains tax, marketing and commissions, Interest withholding costs, all other costs)= $190k
Originally Posted By tk217⏩
OP you don't understand accounting.
I’m no accountant but I have a better handle on what constitutes a profit than buddy boy just above ^^^
post 1632429033 02-26-2021, 01:55 PM
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#133
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House flippers are scum bags

I hope 2008 comes and whipes cocky ppl like u out
post 1632429173 02-26-2021, 01:57 PM
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#134
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congrats OP that's cool ****, srs

on recharge
NPC Bodybuilder, former U.S. Navy
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