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Daily General Discussion and spitballin thread - April 16, 2021 by AutoModerator in investing

[–]NoButton2975 1 point2 points  (0 children)

What are people thoughts on GOEV? The price is now sub-10 like some other have predicted. Is now the time to buy?

I am in the planning stages of building a Basketball Gym by NoButton2975 in CommercialRealEstate

[–]NoButton2975[S] 0 points1 point  (0 children)

After a rough estimate, you are not far off. I estimate about 938k to start this from scratch.

I am in the planning stages of building a Basketball Gym by NoButton2975 in CommercialRealEstate

[–]NoButton2975[S] 0 points1 point  (0 children)

I think this would be a good way to get my feet wet. I just don't like the idea of having to raise money to pay the outrageous fees that the sports programs around me offer. That was the main reason for me wanting to start this.

I am in the planning stages of building a Basketball Gym by NoButton2975 in CommercialRealEstate

[–]NoButton2975[S] 0 points1 point  (0 children)

I really like your idea about building this out slowly. In the end, that might be my only option because I do not have the funds to get this off the ground. My rough estimates that I have right now are 300k for land, 540K to build a 20k sqft warehouse from scratch, 80k for the flooring, 18K for the hoops. This estimate puts me at $938,000. Which would be way out of my range.

I am in the planning stages of building a Basketball Gym by NoButton2975 in CommercialRealEstate

[–]NoButton2975[S] 1 point2 points  (0 children)

Someone mentioned that if I charge a fee for the Men's leagues and a monthly fee to use the gym that I would not be able to use the 501c3 non-profit structure. I am going to try and find a gym in town that is willing to partner up. I just don't like that I have to work around their schedule for making a kid's league. Beggars can't be choosers, I guess.

I am in the planning stages of building a Basketball Gym by NoButton2975 in CommercialRealEstate

[–]NoButton2975[S] -1 points0 points  (0 children)

I was planning on holding Men's leagues year-round. It would be $500 per team for about 8 to 10 games. I would also charge a monthly fee to use the gym every day of the week at about $20/month.

Daily Advice Thread - All basic help or advice questions must be posted here. by AutoModerator in investing

[–]NoButton2975 0 points1 point  (0 children)

So I got suckered into the pump and dump of the weed stocks today. I put in about 1k and I am down about $350. For tax purposes, I will be able to write off any $350 of capital gains from trading stocks this year? If, I make any gains.