Thanks Gramps!!!!

[Doughboy22]

My Grandfather died 2 years ago and I'm getting my inheritence on friday.. 250k .. My question is, with the market so awful, do I use it to bet or turn local book?? Pro's and cons of turning local book from those who know please?????/

[PAULYPOKER]

If you gamble with it, you are one sick fukkhead.........................

[King Mayan]

The old man left you some money and you're going to gamble it away??

[ChalkyDog]

buy up some depressed real estate, rent those bitches out for 1.5 x the mortgage, meaning you are making money and they are paying your equity.

Monthly income + solid investment. Best place right now.

Looking into buying a few houses out here myself. Houses literally can't go lower anymore.

[PickWinnerAllDay]

buy up some depressed real estate, rent those bitches out for 1.5 x the mortgage, meaning you are making money and they are paying your equity.

Monthly income + solid investment. Best place right now.

Looking into buying a few houses out here myself. Houses literally can't go lower anymore.

Market has rebounded nicely in a lot of places.

[Doughboy22]

The old man left you some money and you're going to gamble it away??

No I was more interested in the local book option.. I feel like it will give me the action I love and I never see the bookie lose in the long run

[Doughboy22]

buy up some depressed real estate, rent those bitches out for 1.5 x the mortgage, meaning you are making money and they are paying your equity.

Monthly income + solid investment. Best place right now.

Looking into buying a few houses out here myself. Houses literally can't go lower anymore.

There arent too many depressed homes in brooklyn, and back home in mass chasing rent is a fukking daily job

[PickWinnerAllDay]

No I was more interested in the local book option.. I feel like it will give me the action I love and I never see the bookie lose in the long run

starting an illegal operation with your grandpa's money doesn't seem much better. How much of that 250K actually gets to you? Might not even be enough.

[Doughboy22]

starting an illegal operation with your grandpa's money doesn't seem much better. How much of that 250K actually gets to you? Might not even be enough.

250k is what I will actually end with.. I got 333.3333.. split 1 mill 3 ways

[PickWinnerAllDay]

250k is what I will actually end with.. I got 333.3333.. split 1 mill 3 ways

well if you're going to do it, keep your limits small I guess... is making a little bit of money worth going to jail over though? Betting with a bookie = not a big deal, being a bookie = prison.

[spankie]

[King Mayan]

[Doughboy22]

well if you're going to do it, keep your limits small I guess... is making a little bit of money worth going to jail over though? Betting with a bookie = not a big deal, being a bookie = prison.

I'm def not going to gamble it.. that would be throwing it away and I hear u on the prison aspect.. u dont think 50k would be enough to start a low level book?

[Doughboy22]

Just because the old man left me some scratch it doesnt mean he was a good man.. he just had no one else to l;eave it to haha\

[PickWinnerAllDay]

I'm def not going to gamble it.. that would be throwing it away and I hear u on the prison aspect.. u dont think 50k would be enough to start a low level book?

Sure, if you keep your limits small enough. You couldn't have a client like me though, I've taken an online book for 25K in a week before and that'd shake you down. Plus if you are taking small bets and settling up small, maybe you wouldn't go to jail.

[Doughboy22]

Sure, if you keep your limits small enough. You couldn't have a client like me though, I've taken an online book for 25K in a week before and that'd shake you down. Plus if you are taking small bets and settling up small, maybe you wouldn't go to jail.

Yeah I would def stay small and probably have a dime limit.. I dont want to be chasing someone for 10k if they lose,, that wi=ould get ugly

[rsnnh12]

How old are you? 18?

This is honestly the dumbest thing you could do. Your grandpa worked his ass off to give you an inheritance, and you're going to set up an illegal sportsbook??? Jesus. Either invest the money in stocks/ETFs/real estate, or just keep it in the bank until a good investment opportunity arises. Don't be stupid and land yourself in jail

[paranoyd androyd]

Just because the old man left me some scratch it doesnt mean he was a good man.. he just had no one else to l;eave it to haha\

wow, first the horrible idea to book and now slandering the guy posthumously while you're at it. you should be beaten within an inch of your life.

[mr. leisure]

Good time to buy silver

[Doughboy22]

How old are you? 18?

This is honestly the dumbest thing you could do. Your grandpa worked his ass off to give you an inheritance, and you're going to set up an illegal sportsbook??? Jesus. Either invest the money in stocks/ETFs/real estate, or just keep it in the bank until a good investment opportunity arises. Don't be stupid and land yourself in jail

34 and I understand those options.. I have money of my own as well, and have enough money to give more than that to my kids and grand kids.. this is money I wasnt expecting and is sort of fun money.. maybe i'll buy a boat and crash it.. I have money in the market and I lose more than gain, and I dont want the headach of another house with monday tennants..

[Doughboy22]

wow, first the horrible idea to book and now slandering the guy posthumously while you're at it. you should be beaten within an inch of your life.

you dont know this man my friend.. I would dig him up and kick him if I could.. fuk his $$

[PAULYPOKER]

you dont know this man my friend.. I would dig him up and kick him if I could.. fuk his $$

Well since he was rich, he probably got that way by kicking people in the teeth,so why don't you just give it back to all the people he stole it from?

[Doughboy22]

Well since he was rich, he probably got that way by kicking people in the teeth,so why don't you just give it back to all the people he stole it from?

Actually he got rich by helping people as he was a doctor.. maybe ur right pauly, I should give back.. some charity donations would be a great idea with all the horrible things in the news these days.. THANKS PAULY POKER

[rsnnh12]

34 and I understand those options.. I have money of my own as well, and have enough money to give more than that to my kids and grand kids.. this is money I wasnt expecting and is sort of fun money.. maybe i'll buy a boat and crash it.. I have money in the market and I lose more than gain, and I dont want the headach of another house with monday tennants..

Maybe open up a bar or something? Or take your family on some crazy, amazing vacations. Its definitely not worth the risk of jail. At all.

Hell, maybe you could start up your own charity for a cause you really believe in? Leave a great legacy behind, one that everyone can be really proud of

[19th Hole]

buy up some depressed real estate, rent those bitches out for 1.5 x the mortgage, meaning you are making money and they are paying your equity.

Monthly income + solid investment. Best place right now.

Looking into buying a few houses out here myself. Houses literally can't go lower anymore.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Chalky dispenses good advice.

My only concern would be a projected rise in interest rates after
the 1st of the year resulting in a deeper drop in property value.

[High3rEl3m3nt]

Going local is a piss-poor idea. Chalky has it right. Most of the wealth being generated by savvy investors is in real estate. If you or some of your friends have trade skills than even better. Buy smaller-to-midsize homes in decent areas. I have no idea what state your in, but I'd recommend buying in the Pacific Northwest, which I believe will be a highly desirable location for many in the near future. Cooler, milder climate year-round, green, and the market is still prime for the buying, whereas many other regions have rebounded some. GL!

[William Walters]

Did grandpa touch your privates?

(Hush money is free game pal. Have at it.)

[Doughboy22]

Going local is a piss-poor idea. Chalky has it right. Most of the wealth being generated by savvy investors is in real estate. If you or some of your friends have trade skills than even better. Buy smaller-to-midsize homes in decent areas. I have no idea what state your in, but I'd recommend buying in the Pacific Northwest, which I believe will be a highly desirable location for many in the near future. Cooler, milder climate year-round, green, and the market is still prime for the buying, whereas many other regions have rebounded some. GL!

I actually own a construction compant so maybe I will dump some money in the northwest.. I just dont want the headache of maintaning.. maybe buy small like u said and fix them and put them on the market.. I haven't done that in 10 years though because I took a beating on a couple properties.. I'll have to look into some projections about that area Thanks High

[TEXAS MICKEY]

If you go local keep it small, 200-500 settle every week. No more than 3-team parlays. Keep it fun for your clients and you could possibly take in 50-100K a year. Hang out at a local sports bar and be available for the player, and they will come. Pay and collect there as well. Be a good bookie, and your customer base will be huge. You are offering a service, be professional about it.
Good Luck !!!!!!!!!!!

[ttwarrior1]

become pro first then talk

[GamblerSpirit]

There arent too many depressed homes in brooklyn, and back home in mass chasing rent is a fukking daily job

Where in Brooklyn are you? I need your address son!!!

[opie1988]

So you're 34, own a construction company, and already have enough to leave your kids more than the 1 million gramps left you?

Let me ask, if you're already so successful at such a young age, why are you asking guys on here for financial advice? Why wouldn't you invest this money back into your own company?

[mynameismud]

So you're 34, own a construction company, and already have enough to leave your kids more than the 1 million gramps left you?

Let me ask, if you're already so successful at such a young age, why are you asking guys on here for financial advice? Why wouldn't you invest this money back into your own company?

is very obv OP just wanted to tell us about his 250k windfall.

[PickWinnerAllDay]

So you're 34, own a construction company, and already have enough to leave your kids more than the 1 million gramps left you?

Let me ask, if you're already so successful at such a young age, why are you asking guys on here for financial advice? Why wouldn't you invest this money back into your own company?

No one believes this guy.

[hydrosmak]

How's that spreadsheet you just had to find out about coming Doughboy?

http://forum.sbrforum.com/players-talk/1778178-sports-betting-spreadsheet.html