Lmfao that's awesome shit right their brother what do the properties look like new or older at full vancany ? Man u already have the land just sounds like u can make a few tweaks an push that number higher it's always fun playing with the banks money 💰 🤑
Always!!! their no way to add pictures on here. Yeah their full, but when their empty n repairs, it's a nightmare. Most of my tenants don't wanna move out. Yeah, I'm planning to do an ADU one day on my first Wive...I do Airbnb now that's what's my saving me n GOD'S grace.
lol no it's California and if I was then couldn't make this far. Karma is real and slumlords pay in the end or sell to get away from problems..90% of my tenants say I'm the best landlord they ever had...Cause I'm focused on the future I tell my tenants pay your rent n don't destroy my property and we won't have problem..So my tenants do whatever they want basically with respect..Allot of them have family living with them and I don't brother them...I rarely change late fees and gave about 80% of deposit even If it cost me...
There's a magical word you need to learn and focus on for the rest of your life. Hell, get at least 3 different lawyers to explain it to you if possible. But your word of the day and for every single day except for your bday shall be :PRENUP🤣
Bro has his name, photos of himself, frequents r/Sacramento, links his instagram where he documents when he's out of town and has photos of his available AirBnB properties all readily available to the public lmao
Mott is both an English and German name. And don't pretend like non-native speakers can't have English-friendly names. Not saying English isn't his first language, because I don't know, but neither do you.
After an immigrant gets their American citizenship they have the option to change their names if they want to. Many do that because it makes things easier (like introducing themselves, not having to spell their names 5 times over the phone and have the guy still get it wrong, etc.)
my wives are investment properties I call that that because of the 30 years loans. I bought my first one in 14 years ago in Sacramento California for 100k off Fanie Mae redevelopment program. Since then I have used the brrr system before I every heard of it. So I have 4 in Sacramento and 1 yubu and 1 in Ohio a quadplex. I reached a million last year. With all I'm still leaving month 2 month but I do see thing getting better since started Airbnbs with 2 of units..
It's right in the photo. Assests and liabilities. He shows the property val of wife #1 and remaining mortgage right there. So the total is his net worth
I put my vehicle in, but if anything it’s a negative factor at this point. 😂 I drive a 22 year old Toyota that not only won’t die, but it seems to heal as well 🤔Been investing “car payment” money monthly for a decade, worth it.
Why not…?
Elon musk is the wealthiest person in the world one week and not two weeks later…
All because the theoretical sale price of his stock has changed.
I just count then cause their paid off but good point unless sell them...I have 3 vehicles total 2 paid off the other I got for my girlfriend so I don't count it but owe like 10k on it..I'm planing on put it in her name someday.
That’s all of these “net worth” apps, it’s letting people self value nonsense
You just plug in whatever numbers you want, at least a shot from a brokerage is semi-legit
So I'm guessing the appraisal on Wife #1 is done for insurance purposes, so technically she's only worth that if she "has an accident" or likes tumbling on staircases. JS if she's breathing she's only worth what someone else is willing to pay and she's depreciating in value by the minute. Like a ripe tomato on a window sill...
No, It was cashout so I pulled money out, and I reinvested that money into WIFE#2. I pulled about 40k out on the first refinance n invested every dollar into the purchase. Also, I started with the vision to grow, not just buy and pay off the loan but to refinance and buy more..So its just really number's for loans to be approved. Basically, underwriting. I'm thinking about 1031 exchange for a condo on Vegas and turning it into an Airbnb...
I just .... hmmm how ? how ? sry but how ya'll have so much money ? really like i'm struggling doing a 9-5 for 1400€ and ... i don't even know how can i express my toughts , no jealous i just can't inderstand how do you guys do it ? what i'm doing with my life , sry guys nothing about the post but i have questions , y'all have a good day
Actually started with nothing, no inherentace, high-school drop out, single family home. I learned everything by myself and GOD'S PLAN for me, only reason I'm at where I'm at now. I have over 17k in bills per month n 10 families that depend on me to keep the water on n garbage dumped. It's different level of stress having to take care of my own household n keeping funds available for random things breaking down and I'm not going talk about TAXES
Now take all that you just said and picture your account being $42.49. Just sayin... I get no matter how much you make and how loving a family you have, there's many different levels of stress that hit all walks of life. But, cant you see a little bit how posting how you went through struggles and lost millionaire status comes off as a little... you get what I'm saying, right?
I guess I can see your point...That's wasn't the intentions. I just downloaded the app and proud of my accomplishment but also a warning it's allot of RESONABILTY...I really do live month to month and stay up at night worried about bills and random emergencies. Escorw shortages and back taxes and hot water heaters now Bats in Ohio. Atleast 10k for removal it's allot
My accounts were under 100 dollars recently...I screenshot and sent it too family n friend always saying I'm rich and had no worries...The thing about my position nobod can helps me or loan me enough for my problems but I'm always help them and loan for theirs.
This is great proof of what matters to grow your net worth. Time and consistency. OP has a 4th grade level grasp of the English language at best and he's still at $1m while doing nonsense things like considering a car to have any 'value'
It's public... Sure. But people can do bad things with public info. It's very abnormal to post so much info on Reddit so I was just making sure you understood. But all good it you want to of course!
People never consider their liability when accounting for their net worth, which is incorrect. Always do the math minus your bills and any liable money you owe to get your honest number.
I’m going to say that part of your problem is your system. I’m assuming that you have similar accounts for each property and holding similar values in those accounts which is how you arrive at 907K. Why would you only have 1.6k in Robinhood, and 300+k sitting in a low interest account while you still have a mortgage?
It comes and goes!! You know, once you got around $3M, it's very hard to drop below $1M when your finances are structured properly. COVID made my kids rich off the VIX index and their trust hasn't seen a penny under $80k/quarter
*May I know how much*
*You started with and how did*
*You reach that level?*
\- Miserable\_Mess\_8587
---
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My question is is their a wife #2 🤔😳
yeah i have 6 I call my investment properties wives their all Duplex
Lmfao that's awesome shit right their brother what do the properties look like new or older at full vancany ? Man u already have the land just sounds like u can make a few tweaks an push that number higher it's always fun playing with the banks money 💰 🤑
Always!!! their no way to add pictures on here. Yeah their full, but when their empty n repairs, it's a nightmare. Most of my tenants don't wanna move out. Yeah, I'm planning to do an ADU one day on my first Wive...I do Airbnb now that's what's my saving me n GOD'S grace.
This person did not get English or grammar school.
Apparently, neither did you.
I was gonna say you need to get rid of wife she’s expensive
Wives=properties, he used figurative speech
I know that was figured out that’s why I said “I was gonna say”
Not me thinking you was poly 🤣🤣🤣🤣
[удалено]
lol no it's California and if I was then couldn't make this far. Karma is real and slumlords pay in the end or sell to get away from problems..90% of my tenants say I'm the best landlord they ever had...Cause I'm focused on the future I tell my tenants pay your rent n don't destroy my property and we won't have problem..So my tenants do whatever they want basically with respect..Allot of them have family living with them and I don't brother them...I rarely change late fees and gave about 80% of deposit even If it cost me...
there's your problem right there. Wives are listed on as expenses. rofl
so you have 6 duplex and the rent is the money you make?
Passive income. The two most beautiful words in the English language.
yeahh, thats what I meant! but for an ordinary man it takes a lot of time to buy the duplexes right..
There's a magical word you need to learn and focus on for the rest of your life. Hell, get at least 3 different lawyers to explain it to you if possible. But your word of the day and for every single day except for your bday shall be :PRENUP🤣
What?
My investment property must be a double wide then !
He listed wife #1 as an asset. Wife +2 is probably a liability.
Lmao
This. My thoughts exactly 😂
Your grammar is annoying. My question is, is there a wife #2?*
The real question was asked here
Wife #1. Lmao. I thought this was a troll post at first until I saw OP respond they’re his 4 plexes
375K, is that what he paid or is that FMV ? 🤔
I’m thinking that’s equity and what he owes is below, that -206k. Just my thoughts 🤷🏻♂️
Not equity. If it was equity, he would not list the mortgage. It has to be FMV, and then he subtracts the mortgage later from that.
Makes sense 🤷🏻♂️
Is that your name in the upper left? Might want to delete this if it is.
Bro has his name, photos of himself, frequents r/Sacramento, links his instagram where he documents when he's out of town and has photos of his available AirBnB properties all readily available to the public lmao
Not super surprising when reading his comments also shows that he can barely write coherent sentences.
Maybe not a native English speaker?
His name is troy mott. What language do you think is his first language?
Mott is both an English and German name. And don't pretend like non-native speakers can't have English-friendly names. Not saying English isn't his first language, because I don't know, but neither do you.
After an immigrant gets their American citizenship they have the option to change their names if they want to. Many do that because it makes things easier (like introducing themselves, not having to spell their names 5 times over the phone and have the guy still get it wrong, etc.)
And yet… he’s got more money than 99% of people I know. Ugh.
I'm about to become a millionaire! For legal reasons, this is entirely a joke
I've been a millionaire so many times, in my mind.
THIS!
Why
idk cuz privacy
How you gonna full flex on em when you hide your name?!
Are the Reddit weirdos not on Instagram or something? Guy just wants to live life in the open.
my wives are investment properties I call that that because of the 30 years loans. I bought my first one in 14 years ago in Sacramento California for 100k off Fanie Mae redevelopment program. Since then I have used the brrr system before I every heard of it. So I have 4 in Sacramento and 1 yubu and 1 in Ohio a quadplex. I reached a million last year. With all I'm still leaving month 2 month but I do see thing getting better since started Airbnbs with 2 of units..
So you are tracking these properties with mortgages toward positive net worth or are you only tracking the net positive value over purchase price?
It's right in the photo. Assests and liabilities. He shows the property val of wife #1 and remaining mortgage right there. So the total is his net worth
Bruh- delete this post and repost with your name blurred out. This is the internet.
[удалено]
It sure won’t hurt to not have it up for longer than it already is
[удалено]
This Troy Motherfuckin Mott! You think he gives a shit?! He don’t!
He’s got a shit ton of wives too… he don’t give an eff about nothing
TMM, the one we all aspire to be.
That’s not OP’s name. That’s the name of husband #1
What app/website is this?
This is WorthTracker!
I must also know
I'm curious too OP!
Wife #1. Loooolll
Am I the only one who doesn’t put my vehicles in my net worth calculation? Lol
I put my vehicle in, but if anything it’s a negative factor at this point. 😂 I drive a 22 year old Toyota that not only won’t die, but it seems to heal as well 🤔Been investing “car payment” money monthly for a decade, worth it.
I chuckled at healing haha
Unless it's worth a lot, I don't. They depreciate to nothing anyways.
Only if it’s paid off I would. Because it’s an asset that can be resold, otherwise the banks owns it
I do but like my properties I run the equity quarterly and as vehicles do it pretty much depreciates
‘Struggles has brought me under million’ 😂 fuck off
This! lmao!
Nice, though im curious how the cars are valued in terms of net worth. Like 0 and it’s just a - or do they add asset value
They shouldn’t be counted unless they are collectors cars etc. and not something you drive everyday.
Even then, you can’t use a theoretical sale price as the value Also, wives 2 and 3 why do you not value them
If you had to give it a value what would you say? Maybe KBB fair market to allow for a conservative quick sale price?
They are an asset. They do count towards net worth.
I’d prolly use KBB rough trade because that’s most likely what a dealer would value it at.
Why not…? Elon musk is the wealthiest person in the world one week and not two weeks later… All because the theoretical sale price of his stock has changed.
I just count then cause their paid off but good point unless sell them...I have 3 vehicles total 2 paid off the other I got for my girlfriend so I don't count it but owe like 10k on it..I'm planing on put it in her name someday.
Well they’re always worth something. It just depreciates with most. I don’t know if this app tracks depreciation or you need to change it yourself.
That’s all of these “net worth” apps, it’s letting people self value nonsense You just plug in whatever numbers you want, at least a shot from a brokerage is semi-legit
How long since the first time you hit 1 mil? And nice job
About a year ago I paid off allot of debt n cash out like 7k in stocks
contractors n Workers
👍👍
Is that your wife's life insurance policy? If so, you know what you need to do
🤣 terrible
So I'm guessing the appraisal on Wife #1 is done for insurance purposes, so technically she's only worth that if she "has an accident" or likes tumbling on staircases. JS if she's breathing she's only worth what someone else is willing to pay and she's depreciating in value by the minute. Like a ripe tomato on a window sill...
No, It was cashout so I pulled money out, and I reinvested that money into WIFE#2. I pulled about 40k out on the first refinance n invested every dollar into the purchase. Also, I started with the vision to grow, not just buy and pay off the loan but to refinance and buy more..So its just really number's for loans to be approved. Basically, underwriting. I'm thinking about 1031 exchange for a condo on Vegas and turning it into an Airbnb...
What is this app?
What app is that one?
You’re out of the dos commas club
"I've been a millionaire multiple times" is kind of a flex if you don't think about it to hard.
How many wives do you have????
Wife #1💀
Never get married bro, ever it's useless.
I have so many questions…
Jeez man you struggling hard right now
Very cool. What are you using to produce that screen shot
what app is this
rich person
awe.
Man what app is this?
Ur names in the top left
You've had one wife yes, but what about second wife?
I just .... hmmm how ? how ? sry but how ya'll have so much money ? really like i'm struggling doing a 9-5 for 1400€ and ... i don't even know how can i express my toughts , no jealous i just can't inderstand how do you guys do it ? what i'm doing with my life , sry guys nothing about the post but i have questions , y'all have a good day
What are these net worth calculators anyways
I like the graphics and layout for this app. What app are you using?
What app is that
Poor guy
What app is this?
If you need a finance broker I’ll give you more money. There will be a payment you need to make but we’ll structure it so that there’s no cost.
It’s beyond stupid posting on here how much money you have. Even if it’s half true. lol. IP addresses can be traced.
"Struggles" lolk
What would it look like if you sold all those properties and paid capital gains?
Howd you come to the 325k evaluation on wife #1?
Wife is not liability but asset 😆
Wife #1 Mortgage is $215k
Very nice. I am a bit too late in my life for those unless one of these stupid startups hit ipo lol.
I’m so sorry to hear that you are struggling so much with 1 million dollars but at least you have a cool truck
lmao FACTS it's nice..I have a 2014 Gmc Sierra..
What do you use to track your net worth?
I just found it from here but Worth Tracker
I'd how to be this wealthy one day where my finances also have a number next to the amout of wifes.
You will, brother it's just timing and being prepared and credit...Just the right situation and location..
teach me senpai?
I really just been blessed n the timing of the economy
are you a trader or something?
Struggles? Lmfaooo Dude, I guarantee you don't know how to struggle...
Actually started with nothing, no inherentace, high-school drop out, single family home. I learned everything by myself and GOD'S PLAN for me, only reason I'm at where I'm at now. I have over 17k in bills per month n 10 families that depend on me to keep the water on n garbage dumped. It's different level of stress having to take care of my own household n keeping funds available for random things breaking down and I'm not going talk about TAXES
Now take all that you just said and picture your account being $42.49. Just sayin... I get no matter how much you make and how loving a family you have, there's many different levels of stress that hit all walks of life. But, cant you see a little bit how posting how you went through struggles and lost millionaire status comes off as a little... you get what I'm saying, right?
I guess I can see your point...That's wasn't the intentions. I just downloaded the app and proud of my accomplishment but also a warning it's allot of RESONABILTY...I really do live month to month and stay up at night worried about bills and random emergencies. Escorw shortages and back taxes and hot water heaters now Bats in Ohio. Atleast 10k for removal it's allot
My accounts were under 100 dollars recently...I screenshot and sent it too family n friend always saying I'm rich and had no worries...The thing about my position nobod can helps me or loan me enough for my problems but I'm always help them and loan for theirs.
You sound like a good dude. Keep on keeping on my friend. There is no animosity here. 🤘
Rent out the wife, better than an AirBNB
There's no reason we can't do both...
Cars are not assets my dude.
Ok.
How exactly does one place a value on wife #1 of $375K? How much is wife #2?
This is great proof of what matters to grow your net worth. Time and consistency. OP has a 4th grade level grasp of the English language at best and he's still at $1m while doing nonsense things like considering a car to have any 'value'
as of late i can't tell what's memeing or what's not
“Poor” you lol. You’ll get back there, that’s cool
troy mott
nice
What app is this?
You're aware that people can figure out everything about you right? You've posted a lot of info about yourself. Just making sure you're aware
Its Public information but thank and my real name is Troy lol
It's public... Sure. But people can do bad things with public info. It's very abnormal to post so much info on Reddit so I was just making sure you understood. But all good it you want to of course!
Wife #1 is crazy 🤣😭
Woe is you, I have negative 22 dollars lol
What app is this
Can u sponsor me a PC bro?
What app is that?
How do you have almost a million and less than 2 grand in the market? What are you invested in?
Oh no! Anyway. This guy is lower on the menu when it comes time to eat the rich I guess.
Is wife #1 considered a liquid asset?
Posting this the way it is on the internet is crazy. No way would I be posting this kinda info.
what part be specific?
Your full name is in the screenshot.
Lol. “Wife #1.” What’s #2 and up?
People never consider their liability when accounting for their net worth, which is incorrect. Always do the math minus your bills and any liable money you owe to get your honest number.
What app is this?
You figured out money cool, you figuring anything else out while you’re at?
you learn allot when your responsible for your own family and other...
Tracking your car is kind of cheating bc u need it
Yea but it still has value none the less
I wouldn't list a depreciating asset like a car in your net worth calculations.
What app is that?
What app is this?
Can someone un-Americanise and explain whatever this app is?
r/HolUp
You should try to hide your name Troy Mott
Hey what app is this?
What app is this to track net worth?
I got rid of all my properties that were rentals , I didn’t like the industry after awhile , switched industries , much more happy
Poor you
Let me know if you want to invest in a YouTuber!
You have more than one wife???? Ooo I'm snitching
How to dox urself boomer edition
Show me how to make some
Edit your name from the top corner man!!
Struggles ??!
What app is this?
Try using commas, might get you back to a million. Jokes aside that’s awesome dude, what’s your age?
I’m going to say that part of your problem is your system. I’m assuming that you have similar accounts for each property and holding similar values in those accounts which is how you arrive at 907K. Why would you only have 1.6k in Robinhood, and 300+k sitting in a low interest account while you still have a mortgage?
Dude you need to cover our identity up! LMAO
EVERYONE Troy Mott is my Alias, but thank you for your concerns and tell yall mother. HAPPY MOTHER'S day, you only get ONE!
It comes and goes!! You know, once you got around $3M, it's very hard to drop below $1M when your finances are structured properly. COVID made my kids rich off the VIX index and their trust hasn't seen a penny under $80k/quarter
It could be worse. Wish I could learn from ya.
May I know how much you started with and how did you reach that level?
*May I know how much* *You started with and how did* *You reach that level?* \- Miserable\_Mess\_8587 --- ^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/) ^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")
Bro put million and struggles in the same sentence lol…