All Forum Posts by: Tony Baczynski

I bought two shares a couple of years ago.  I'm at the project today. It's in Victor, ID.  Looks like the foundations are in.  No building going on now.  I took a few pics.  Here's hoping it will continue advancing.

Thom is fairly easy to reach and has a couple other interesting investments.  I'll wait until I see are turn on this one before I put more money in.

That's why I like Nevada & South Dakota, No usury laws (hardly any).

No yet, I've seen references to it here and will be investigating this week.

OK, I read the "What to do with $910,000 in cash?" thread, but his money is stuck in a 401(k) which limits his options.  Mine is in my own profit sharing plan or mini-401(k) as it's sometimes known.  I can invest in anything that I want without having any middlemen taking out fees just to do paperwork.  As long as the $$$ stays in the psp, it's tax deferred. No worries about depreciation or expenses or paperwork.  The Man just wants to know the value at the beginning and at the end of the year.

So far, i've put some $$$ in sfr's, 4-plex, 20 unit apartment building that's vacant and needs work, foreclosed properties in Vegas, gold, silver, cars. I did well with stocks, but cashed out last month.  I don't care for the rentals, so will be selling those off next year.  I'm just looking for a 10% return (like everyone else) or and additional $300,000.  I can just live off the cash in a villa on an island out there.

Constructions loans look interesting, so I'll look further in to them.  

Pro 401(k)

In 16 years my 401(k) was worth $600,000, the power company I worked for cashed my retirement out at $500,000, so I quit, put all that money in my own Profit Sharing Plan and am now investing overseas and locally in real estate, gold, and old cars (59 caddys).  No custodians required.  Profits aren't taxed until I take some out for personal use, so they just keep earning more and more.  They are taxed at full rate, but last year, I took so little out that I qualified for the earned income tax credit!