that first 50k...

I see a lot of threads like this...mostly bad advice



What is your goal here?
If you want to buy property you can bring cash to closing...you want to turn 50k into a check? Go buy a 69 camaro. N pay cash....sell it n deposit the cashiers check in an account.

Corso312 said:

I see a lot of threads like this...mostly bad advice



What is your goal here?
If you want to buy property you can bring cash to closing...you want to turn 50k into a check? Go buy a 69 camaro. N pay cash....sell it n deposit the cashiers check in an account.

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Lol, that's the worst advice so far

I have friends n family who are legit...they buy n sell cars to flip all the time...it is pretty common for people to buy cars cash...n it is pretty common to sell them ....what the fuck are you talking about?

Become a concert promoter. Throw a few real shows, and don't worry about making $$ -- just make sure you don't lose. Then make up some fake ones in detween to doctor the books. It's a time sensitive cash based business. No red flags if you do it right.

Corso312 said:

I have friends n family who are legit...they buy n sell cars to flip all the time...it is pretty common for people to buy cars cash...n it is pretty common to sell them ....what the fuck are you talking about?

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Well dude, when you get audited they will ask where you got the money for it for starters and if they are investigating you, then you better have your shit in order. Spend 50k on a Camero, don't you think the seller has to report that income? Don't you think the government will nail your ass for buying it? If you get audited you think the IRS will just 'overlook' that shit. Get real. Stick to what you know man. No one here is trying to turn cash into a check. How does buying a 50 thousand dollar Camero solve that problem?
As far as swearing at me because you don't agree with my opinion: That shit is just childish and points directly at your maturity level. Your first post in this thread was also pretty hostile. If you don't like the thread, go vent somewhere else. The forum is for helping people, not trash talk and bullshit mood swings. You got nothing constructive to add so why say anything

50 k is peenuts. iv blown thru 50 k in the past 3 months. try spending it. put shit in your moms name. when u need money sell something, burry some. hide some in your freezer

MrStickyScissors said:

50 k is peenuts. iv blown thru 50 k in the past 3 months. try spending it. put shit in your moms name. when u need money sell something, burry some. hide some in your freezer

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This thread isnt about trying to make money, save money, or hide money... this thread is about turning that first 50k you make under the table, whether working or growing ect. Into a solid credit line and the start of a small buisness that future cash income can be stored in the bank to use towards property or a loan in few yrs.... i say 50k because i feel if you have 50k cash an cannot turn that into awesome credit and make more cash off of that then you do not belong having good amount of money.

Im 23 not 60, no need to for me to go spend it all on a good time like 85% of druggies do in a weekend. Also im not having mid life crisis an need a reason to live

Well all the car guys I know do not report shut...they been flipping cars for 20 years. No audits...be careful burying cash...it can go bad n moisture can make it worthless...better off buying gold or silver n bury that....I say a 69 camaro. Because they are a hot car...rich guys are selling them when times get tight...n always easy. To resell...I sold a house to a Guy four years ago...shitbox in a rough neighborhood ...55k the dude is a Jewish dentist who flips houses on the side...I asked his atty if dude always pays cash at closings n he said it was not uncommon ....you don't even need to title the car in your name...put. in moms name...there are a hundred ways to skin a cat...

I would buy gold coins from a coin shop.....people do it all the time.....anybody would buy gold....then sell them back to a diffrent coin shop at less than 10k at a time....then deposit your life savings into the bank........just a thought.......nitro..

Corso312 said:

I see a lot of threads like this...mostly bad advice



What is your goal here?
If you want to buy property you can bring cash to closing...you want to turn 50k into a check? Go buy a 69 camaro. N pay cash....sell it n deposit the cashiers check in an account.

Click to expand...

this is probably the worst advice you can take. Yeah, go drop 50k on a car with no way to prove where it came from. When the seller of that camaro claims the money for taxes it will show the buyers name and for how much.

find friends with resteraunts, night clubs, bars, and other bizzness.... you give them cash... they report it has money earned from legit. bizz... they write u a check... boom

Obviously you turds have never bought a car cash from someone...the Guy does not even have to know your name ...I know a lot of people who don't even change the title in their name n flip the car a month later after a break/paint job...you have no clue what you are talking about....you are out of your element Donnie!!!

I've known people who have the same problem as you, I've heard of them finding real cash businesses and giving the boss the money and then getting cut a check by the employer for being employed there. I'm not exactly sure how it would work out, but I'm sure somebody could do it for a small fee. I'm sure if you asked a financial lawyer, hypothetically of course how one would be able to deposit a large amount of money in cash.

I believe you are allowed a one time gift loan tax free u p to 100k ....say it is a gift after your uncle dies or granny.

Corso312 said:

I believe you are allowed a one time gift loan tax free u p to 100k ....say it is a gift after your uncle dies or granny.

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If you are under investigation, they will check that. They will go back years and analyze your grannies finances to see if it's possible. They will talk to estate lawyers too, otherwise everyone would do that, don't you think

I realize this is the net and we can all be whatever we want on here. I have nothing to prove to strangers. I'm 33, retired when I was 28. I'm no 'super-criminal' either. I just learned how finances work and what happens when you get audited. It's all pretty straightforward. Remember: If you are under investigation, they will tear your whole life apart. Everything.

Dude, I am not wealthy....never had this problem...if ya want to call it a problem....but old people ...alot of them hoard cash, they don't trust banks...when it comes to any investigation ...it is not what you know..it is what ya can prove...I got a good friend who sold blow for 20 years...never had a job...owned a home..two nice cats,30 ft boat...investigated a few times...gambled away 5 k a week...spent another 2k week on whores/escorts.

50k....... im comin up. im comin up.

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R.I.P. Notorious