Quote:
Originally Posted by Gzalo
Cash. I have no credit cards, no debt whatsoever, and plenty of property/assets I've amassed in my short years under DACA. I learned my lesson the first year I was able to work how idiotic the culture in this country is:
Spending money you don't have to impress people you don't like.
I pissed away all my money going out, drinking, weed, eating out, and useless purchases. I felt like after growing up illegal and not being able to do most of those things I finally had the chance to do them, having not grown up that way, I realized quickly how foolish this materialistic culture that drives this country really is, having been an outsider for so long. I was also fortunate enough to have an incredible economics professor in college who had similar ideologies and criticism of America and its culture.
That coupled with the fact that DACA was never a permanent thing were all the reasons in the world to save money rather than pissing it away like many in this country do. And most of the time get little to no return for it.
It's beyond idiotic.
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You're saying that you have 2+ properties,
all cash purchases, including other financial assets such as investments/bonds/stocks? All without any credit and borrowing history?
Taking you at face value.. you have at a minimum of one property for business purpose only. Seeing as you're painting yourself to be a savvy businessman who earned a lot of money (very high salaried position?) to purchase property, you'd know something about what you're writing off in depreciation on said property asset for 2015, because that's not chump change by any means. Surely you're leasing it out, a frugal and wise person wouldn't buy realty and have it sit around doing nothing.
May I inquire what your accountant estimated the amount of depreciation you took in 2015?
Because I smell BS and combined with the extraordinary amount of "holier than thou" coming from your shitposts, I've got a hunch you're full of shit. But you might not be and just be an insufferable prick who probably got lucky.
edit: you've made a post
exactly like this somewhere else but about "other intelligent people" who amassed assets/property who are free and clear of debt.
you sound like a fucking late night infomercial.
I feel like if you were pressed you wouldn't be able to maintain a story long enough to convince anyone who actually owns a business (me) and also owns a rental property (me) and also owns a multi family home(me), that you actually own what you say you do.
But i'll share first. My 1st was fannie mae forclosure, got it cheap. rent it out now. 2nd is a 203k rehab. in process of fixing it up and might sell it in 2-3 years depending on market or just live there for low monthly cost. loan was approved after underwriter went through my LLC's books and all my 1040's filed since 2013. ez.