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Topics - KITNfury

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On the one hand, it's been a while and I'm a sucker for nostalgia. On the other hand, it's a little corny since KU is the worst team to ever exist.


Kansas State Football / 2021 Ranking Thread
« on: September 18, 2021, 05:03:33 PM »
Will the top 25 open this coming week up for us to slip right in? I say yes

Essentially Flyertalk / Ugly, totally obtainable cars you want
« on: February 21, 2021, 05:02:49 PM »
Old Chevy Astro for me. Can't help myself.

Edit: Mir is right, we should post pics, especially if we aren't naming years. Someone likes El Caminos, but there were lots of years, so...

Essentially Flyertalk / The Real Estate Investing Thread
« on: December 24, 2020, 12:21:53 PM »
OK, so I know I talked a bit about this in the regular investing thread, but figured I'd start this since that is mostly stock type investing and we also have a crypto investing thread. No reason to muddy up those threads more about a different topic, so....

Why Real Estate? My primary reasons
  • Monthly Income
  • Equity Gain
  • Tax Benefits
  • Other People's Money (OPM)

Monthly Income:
In my opinion, it's very risky to invest in real estate that does not produce monthly income after all expenses. So if you buy right, you should be able to cover principle, interest, taxes, and insurance (PITI) along with other expenses like maintenance and capital expenditures (Cap Ex). The monthly income is scalable since it is not directly tied to your time. Most jobs, whether salary or hourly, still require a certain allotted time to make the cash and there is limited time you can give. You can get a better job, but essentially there is almost always a ceiling to how much you can make. There is virtually no ceiling to real estate income, but it does take time to build.

Equity Gain:
This comes in two forms, typically. Principle pay down is the first, assuming you're leveraged and took a loan to buy the property. And by the way, you're not paying this out of pocket. See above why cashflow is important. The second is appreciation. Appreciation isn't guaranteed, but assuming you don't lose the property (see cashflow above and why it's important) and you are buying in a market with population growth, it is very likely you'll see appreciation over time. There are cycles to the market so it could lose value, but over time it will almost certainly go up in value. If you own a home, do you think it will be worth more/same/less in 20 years?

Tax Benefits:
You can depreciate a property on paper when it's tax season. Basically the IRS will let you claim the building is losing value, even though it likely isn't. Assuming it's a residential property (regardless of units) it can be depreciated over 27.5 years. This is the assumed building value. Typically in the neighborhood of 80-90% of the purchase. So for easy math lets say you buy a triplex for $343,750 and you say the building is worth 80% of the purchase price. 343,750 x 0.8 = $275,000. So for the next 27.5 years, you can depreciate it evenly which in this case comes out to a nice $10,000. So on paper, your building is losing value at $10k per year. What does this mean? If you made $10k on this property that year, you owe zero dollars in taxes because you "lost" money that offset the money you made in cashflow. If you make $7k in cash from the property, the remaining $3k in "losses" can be applied to your W2 income, still saving you money at tax season.

Other people's money. Usually this is a bank. So while investing $20 in the stock market buys you $20 in stock, investing $20 in RE means buying $100 in real estate. Leverage comes with risk, but has huge upside if you can make your payments until fully paid off, see cashflow above and why it's important. Furthermore, whether it's natural appreciation, or you did things to the property to raise it's value, you can refinance the property and potentially pull all of your down payment and/or rehab money. Why is that nice? Well you can recycle your money and buy another. Lather, rinse, repeat. Oh, and if you're making money each month on a property that you have none of your own money, you've found investing infinite return on your money.

Investing in RE is a get rich slow scheme, but the good news is that you do get rich. Everybody knows somebody that works their ass off and doesn't make money in it. But why follow them? You also know that some people do well in it. Follow them. It's not as hard to understand as people often think, it's do-able. If you do it even somewhat smart, you will become wealthy. Obviously I'm passionate about it because I've seen first hand results how many lives it changes. I'm here to help anyone interested in that. Let me know how I can help.


Essentially Flyertalk / Jaden McNeil tweet
« on: June 26, 2020, 09:21:35 AM »

Invalid Tweet ID?s=19

Kansas State Football / Sports are obviously stupid.
« on: November 16, 2019, 06:10:28 PM »
Give me ideas how to better spend my time. I'm thinking sand castles but open to ideas.

HugeCat Hoops Emporium / I do not want ksu in Virginia's bracket
« on: March 14, 2019, 08:30:19 PM »

Essentially Flyertalk / Arnold Schwarzenegger's best movie
« on: March 08, 2019, 09:55:20 AM »
My fave actor as a child. So many cheesy one liners, opposite of bullet magnet, super buff.

For consideration:

Terminator Series
Last Action Hero
Conan series (the Barbarian easily the best)
Total Recall
Running Man

HugeCat Hoops Emporium / Elimination Tour
« on: February 12, 2019, 10:05:41 PM »
This week was fun.

HugeCat Hoops Emporium / I hate to be the first to say it
« on: January 02, 2019, 09:55:12 PM »
But #firebruce

Kansas State Football / How calm are your waters?
« on: September 01, 2018, 09:07:23 PM »
Just curious

HugeCat Hoops Emporium / The SEC just doesn't play any defense
« on: March 22, 2018, 10:54:21 PM »
They have far superior athletes, we really wouldn't be in this if they ever faced decent defenses

HugeCat Hoops Emporium / Stream
« on: December 17, 2016, 01:55:05 PM »

Kansas State Football / WatchESPN replays
« on: October 10, 2016, 01:56:59 PM »
Hello all you sexy bitches,

I am in the process of moving, and will be out of my house on Friday.  I will not have cable at new joint so I can't record it.  I can't watch it live at a bar because I have things I must do at game time that I can't rearrange.

But I could,  in theory, have my cable (Uverse)  canceled on Sunday leaving me one extra week with access to WatchESPN on my phone if they have replays available basically the evening the game was played.

Anyone know if they do this?  I've never watched a replay on the app before.  So don't know if when they come available or if they have them at all.

Anyone know?

Kansas State Football / Stop reading on WVU scout site
« on: September 26, 2016, 08:20:57 AM »
I can't believe I'm actually making this thread, but it happens every year we play WVU. BGN is a parody message board and everyone on it is joking around. Every single year we have someone link threads from there and getting all pissed off. It's all a joke and intentionally over the top. A PSA before the annual string of threads linking to that site.

Kansas State Football / Are we gonna whip some coal aggie ass?
« on: September 25, 2016, 09:41:33 AM »
My gut says "yes".

Essentially Flyertalk / Innovation and Inspiration #KStateInspires
« on: October 09, 2015, 06:42:47 AM »
So got an email from the animal about this. Has this been discussed?

$1B goal in donations.  Feasible? Do I finally get to be proud of endowment?

How do u GQ?

I recently acquired a vintage (early 60s) Omega in great condition. They are very nice and can be had for much, much less than new ones and have loads of style. At least imho.

What becomes their new status update?

Kansas State Football / I want wvu to win
« on: March 26, 2015, 08:51:48 PM »
But it's coach Huggins the worst dressed coach in the universe? Yes, even worst than a three button suit.

HugeCat Hoops Emporium / Stephen Howard
« on: February 28, 2015, 03:30:26 PM »
He's really terrible.

Essentially Flyertalk / KCMO, anybody grow up there?
« on: December 11, 2014, 11:54:07 AM »
So I'm thinking about moving there from safe vanilla joco. I live in OP, which is ok, but a little boring imo. Been looking around at stand alone buildings that are old to have a loft like brick, high ceilings, etc.

Problem is that if I have kids, they would need to go to school there. Are any of the schools ok? Do they only blow at the high school level? Is there any option other than private (assuming I love my spawn)?

HugeCat Hoops Emporium / 2 questions for the experts
« on: November 11, 2014, 09:47:46 PM »
1. Are we gonna b good?
2. When's our first game?

Kansas State Football / refs mumped us
« on: September 18, 2014, 11:11:56 PM »
Auburn fluked ($ec) out a win

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