IT'S METAL PORN FRIDAY - Let's see what you were able to find!

USMC_6115

I'll start:

SaorAlba

How about real porn:

Jinx86

Yeah, I have a thing for watches. This one I'll have to take down and redo the hour hand and lume plots on the outer edge. Who ever worked on it last was clumsy.

Kliao

I’ve got nothin. Still trapped in my house

ricko

@Jinx86 ...Really interesting watch... I have not seen that one before. Covers all the bases... date, military time etc. Only thing missing is the 6. Cheers, RickO

DrBuster

Will trade for Porsche Cayman

cmanbb

A couple 1oz bars I bought during the "dip"

Weiss

Dude. Again? That 1 oz Engelhard Australia is freaking awesome!

cmanbb

@Weiss said:
Dude. Again? That 1 oz Engelhard Australia is freaking awesome!

Thanks Weiss....I do like these 1oz pours...

cmanbb

Family photo of the 1oz stack.

asheland

@cmanbb said:
Family photo of the 1oz stack.

Cool off the charts!

RonB

ricko

@RonB ...Who makes the 7 oz. bar with the Jolly Roger on it?? Cheers, RickO

RonB

https://prospectorsgoldandgems.com/poured-silver-bars/

LukeMarshall

Y'all be careful out there, fake bar I came across this week stamped 100oz.

920grams on the postal scale, no where close...

Kliao

Certified pure........

Who certified it?

Is it silver plated?

USMC_6115

WOW! Nice catch @LukeMarshall

edited to add that the bar looks like it's been kicking around for awhile..

LukeMarshall

@Kliao said:
Certified pure........

Who certified it?

Is it silver plated?

Silver Metals International Certified Pure silver cube

Made in several sizes, 25, 50, 100oz

I doubt it was silver plated, it felt like aluminum - almost comical.

taxmad

USMC_6115

It's Friday again already!!!

LukeMarshall

Still waiting on my first bullion purchases of the year... APMEX should ship in about a week they say

Weiss

I actually traded gold for bronze this week. Think it's the first time I've ever done that!

But I also opted to buy another few tons of copper, steel, iron, and other stuff. Two contiguous rental properties, a 2-unit and a 5-unit. Cool thing is that they're bordered on the east by one property that I already own, and bordered on the west by three properties I already own. Completes a 1-acre parcel that I began working on 2 years ago.

Oh, and the bank threw in a couple of pieces of paper, too. Walking out of a close with two new properties and $75k in cash was a hoot

ricko

@Weiss....Very nice.... the properties and the checks...Cheers, RickO

DrBuster

Nice!

MsMorrisine

build hotels

asheland

Weiss 👍

Jinx86

@Weiss

I love the idea of income properties. However, Im sure sure how I feel about managing the property once its rented. Looking at paying my current house off and buying/building outside of town. We estimate the rental income from my current house would nearly pay for 75% of the new mortgage payment monthly after property taxes and insurance. Just not sure I want to have the potential of something going wrong in a 130 year old house. I have been more interested in investing in a 10-15 apartment complex. Group of investors to share the burden, less risk, less reward.

cmanbb

@Weiss

My brother and I took advantage of the real estate bubble in 08.
Purchased 4 properties with cash, and rented out 10+ years.

Just sold 2 of them, and a third one is closing end of this month. ROI.... was 200%.

Investment property is the way to go.

Weiss

Thanks, guys. Didn't mean to hijack the metals thread, but I figured it was the kind of thing people who invest in physical stuff would appreciate--I know some of you have investment properties of your own.

Banks loan approximately 80% of the value of investment properties. Usually you have to come up with 20% down. In this case, not only did I not have to put 20% down, but the bank wrote me those checks on top of it. Now part of that was credits--2019 property tax, security deposits, a few rents from April, etc. And I'll have to pay those bills or return those deposits in the coming months. And part of it was because I gave my banker a detailed list of the improvements I'll be making to these properties in the next 12-18 months, so the appraiser valued the places in part based on those future improvements.

But most of it was because the seller asked too little: he'd based his asking price off of the rent he's been collecting--which was way too low. Lots of people use Cap Rates to determine value of rental properties. That's fine, but between landlords we tend to value them fast and loose on multiples of rent. Around here, ok properties in a decent neighborhood might sell for about 7 times gross (rent x 12 months x 7). The seller was charging about $125 per month per unit too little. Multiply that by the 7 units between these two properties: That's $875 per month. Multiply by 12 months = $10,500. Multiply that by the 7 times multiplier and he sold the places for about $73,500 too little.

For what it's worth, these are my 22nd and 23rd properties. About 70% residential and 30% commercial. I've been doing this for 29 years now. Am I nervous about the current economy? Hell yes. Stopping me from moving forward? If the economy crashes and burns on a great depression level, everyone will be screwed. Anything less than that and It'd be foolish for me to miss this kind of opportunity.

hammer1

Weiss- I love your RE stories. In particular your tenant experiences.

Wish there was a thread here for you and other landlords to share nightmares, err experiences.

RonB

..Back to our regular scheduled programming:

Timbuk3

Very nice, thank you all for sharing !!!

DrBuster

Weiss, that was the best non photo or controversial post I've seen here in a hot minute. Thanks bud.

DrBuster

Actually got a PM pic tonight, ASE money clip from 2000 in there

cmanbb

Added these early in the week...…………

ricko

@cmanbb....I like that gold bar....looks like an Englehard with the big E....but has a 'rough' look as well. Cheers, RickO

cmanbb

@ricko said:
@cmanbb....I like that gold bar....looks like an Englehard with the big E....but has a 'rough' look as well. Cheers, RickO

Yes, a variation of an Engelhard bar.... here's 3 different types.

ricko

@cmanbb....Thanks for the reply and the pictures.... I really like those little gold bars...Although I stick to coins, they are interesting...Cheers, RickO

asheland

Those Engelhard gold bars are sweet!

cmanbb

@ricko said:
@cmanbb....Thanks for the reply and the pictures.... I really like those little gold bars...Although I stick to coins, they are interesting...Cheers, RickO

I too buy coins, but the collector in me.... since 1984 keeps me chasing the collector gold too.
Diversify.