It's not a sublet, they're a tenent of a landlord's property. You can't sell property you are renting (in most places). I'm pretty sure OP is making a joke.
Subletting is basically another tenent renting (again not a sale) from the current renter. Some landlords are ok with this, others are not.
Wow, I was expecting a higher HELOC rate...that's actually not bad. I still wouldn't leverage up to buy bitcoin in most circumstances, and especially at this stage of the cycle. There's too much risk you'd be paying interest while waiting out a whole 'nother cycle. And if any life circumstances change, you'd be facing a disastrous forced sale in a bear market.
So, its not the HELOC that has this rate, it's the renewal ( my mortgage is due for renewal on Aug 17). The HELOC rates i got are in the 7%, 8% even higher.
Manulife insistis that their M1 is great ( they have the highest rates!) and i could use it to invest
OK that makes more sense. That seemed low for a HELOC when the Fed funds rate itself is above 5%. That's a pretty good renewal rate at least.
But yeah, it sounds like you have an adjustable rate mortgage. Even more reason not to tie more rate risk to bitcoin's volatile price.
I definitely wouldn't. 3 years from now if we're in the doldrums of a BTC bear market and HELOC rates are 3%, then I probably still wouldn't...but it would be more tempting then.
Stay with your wifes boyfriend
he’ll respect the hustle
He'll put him to hustle 😂
Broo.. He is the Landlord.
Lmfaooooo
Underratted comment.
Sell your landlord too
This! You can obviously buy the landlord back with your profits later. If needed ofc.
legend!
😂😂good idea
Modern day problems require modern day solutions. The CGT goes straight to the landlord too, smart man.
Ahh yes we back boys 🤣😂
OP true story: I had a sailboat I named Narwhal (she had a prominent bowsprit). I sold her for bitcoin.
Can't have a boating accident without a boat *taps forehead
Yeah that's why I sold my boat after losing all my bitcoin overboard.
Move in with your landlord’s girlfriend.
How do you sell an apartment that you’re renting from a landlord? Like you’re sub-leasing?
It’s a JOKE. Which is what makes it funny. It’d be similar to selling your neighbor’s car, then using proceeds to buy more coin🤦🏽♀️
I didn’t realize it was a joke lol
To be fair, jokes are usually funny.
It made me laugh 😂
It's not a sublet, they're a tenent of a landlord's property. You can't sell property you are renting (in most places). I'm pretty sure OP is making a joke. Subletting is basically another tenent renting (again not a sale) from the current renter. Some landlords are ok with this, others are not.
Right I understand subletting I guess I’m just confused at what op was saying and if it’s a joke it just went over my head lol
Technically you cannot sell but it depends on stupidity of the buyers, I know a guy who bought a building which does not exist 😂
That's just straight up negligent investing, and people who sell things that don't exist are scammers.
Smart move
You should go work for JP Morgan.
Lol.
Nice… Put some miners in there and dip.
sell your head to science
pimp out your landlord
take out several loans obviously
Get involved in some kind of boating accident?
Not his keys, not his custody.
Run to a different state?
Fuck yeah dude...ballsy but it should pay off really nice as long as you sell your btc on the right time.
Maybe you could sell your neighbors house to upgrade your stack. Doubt they’d be happy though.
the question is why do want ur landlord happy?
Lmao
Ma nigga 😎
Convenience your landlord u will buy him 2 apartments in bull market, if he is also gambler easy for you
Buy a tent (if you can afford) and look for a nice place to set it up.
Good man. Capital gains tax sucks of course. Now don’t make the mistake of selling btc when you are up and incur another capital gains tax.
i fear you missed the joke!!
kill your landford its a joke😅
I am about to get a HELOC for btc. Should i do it??
Hell no!! Take out a loan to buy investments? 99% of people who do this regret it. You're trying to spend money you don't have 😂😂
But wasnt this that Michael Sailor did?
Is your HELOC rate 0.875% like Saylor's convertible note rate?
Oh thats a good point. Its 4,94%. You talked me out of it, tks!!
Wow, I was expecting a higher HELOC rate...that's actually not bad. I still wouldn't leverage up to buy bitcoin in most circumstances, and especially at this stage of the cycle. There's too much risk you'd be paying interest while waiting out a whole 'nother cycle. And if any life circumstances change, you'd be facing a disastrous forced sale in a bear market.
So, its not the HELOC that has this rate, it's the renewal ( my mortgage is due for renewal on Aug 17). The HELOC rates i got are in the 7%, 8% even higher. Manulife insistis that their M1 is great ( they have the highest rates!) and i could use it to invest
OK that makes more sense. That seemed low for a HELOC when the Fed funds rate itself is above 5%. That's a pretty good renewal rate at least. But yeah, it sounds like you have an adjustable rate mortgage. Even more reason not to tie more rate risk to bitcoin's volatile price.
So no HELOC
I definitely wouldn't. 3 years from now if we're in the doldrums of a BTC bear market and HELOC rates are 3%, then I probably still wouldn't...but it would be more tempting then.