I'm shocked looking into what financing is available in the UK for mortgages.

Looking at Barclays mortgages they refer to their adjustable rate mortgages as short duration fixed rate mortgages. Like 2 or 3 year fixed rate. And then they give a listing of "(BEBR + 2.49%) variable for the remaining term *" as the adjustable rate that kicks in after 3 years. But in the asterisk they say "our variable tracker rate of 3.49% above the Bank of England Base Rate (currently 0.50%)" so 3.49% not 2.49% over BEBR. And then they give an example of how much that would be and say "36 monthly payments of £978.61 and 240 monthly payments of £1000.14." implying that the differential in payment for those 240 months will only be 20 pounds/mo. But if you look 20 years ago the BEBR was ~7.5%. So for the sake of exploring this, 3.5+7.5 is 11% monthly which is over 4x what they are paying for the first three years. I know it's highly unlikely for the BEBR to return to levels that high especially since if there's another deleveraging in the next few years, they're going to have to slash the bank rate back to all time lows no matter how high it creeps up. But still it just shows how screwed uneducated buyers that have heard "get fixed rate!" and see that the "increased" rate will only go up 20 pounds/mo can be. Really shady stuff imo. For completeness I do recognize that if you got an adjustable rate mortgage in a high interest rate environment, you'd be paying much less now given that the BEBR rate is 0.5% although in those environments I imagine banks tend to prioritize pushing pure fixed rate mortages onto their borrowers so they are guaranteed to still make their margins despite the environmental economic conditions

Ok I 99% just played against a bot. Open sitting a few tables, player sits, posts BB, gets dealt in, I raise, player times out & folds, sits out, 2 seconds later (every time) player is removed from the table. During that 2 seconds it sits a new table, posts BB, gets dealt in, I raise again, player times out & folds, sits out, 2 seconds later gets removed from the table and joins a new one. Rinse repeat. 22-25 times. At midstakes plo.

I did take video footage of about half of them once I realized what was happening. Although the steady state was that the bot got stuck sitting out on two tables sitting 99 big blinds and the party (or horror show) was over.

I've also been thinking about some very important decisions in my life. I've had a few potential paths to go down that I've been floating around, talking to people about. There's a new one that I'm considering of skipping Florida and going straight to San Diego, grabbing a condo and car. Getting a job in property management or real estate analysis and playing poker online & live on the side then getting into rental properties later on. It delays the landlording component of my future because I will be earning less although I will be developing a career, learning skills relevant to my future work, maintaining a resume, and it will be easier to obtain mortgages.

Although I will earn less, have less freedom, miss out on living in a ridiculous beachfront condo in florida with a cool guy and generally have less control over my life which may be problematic if I have depressive moments (or if it causes them).

It comes down to what role i want poker to play in my life. I really don't want to no-life poker and have that be the only thing in my life. And after talking to a close friend of mine last night, he thinks to win decently at 500-1k+ online you need it to be the only thing in your life. I think he's most likely right. And I don't want to make the quality of life sacrifices necessary to succeed in that way. So maybe it is better to be satisfied with the (still quite good) income that comes from playing midstakes live and online and make the move into having a career.

Now the question comes down to whether I should do that sooner i.e. skip florida, or later i.e. next spring. If I do it sooner, I get to "save" on the cost of rents not just in the difference between what my rent vs mortgage would be (~$450-600/mo more to be in Florida) but my mortgage will be building equity rather than burning money so the money is invested rather than spent. Meaning I'm looking at a cost of about 9-10k in long term equity of which 3k of that is immediately saved. Whereas my earning potential in Florida is maybe 2x what it is in san diego for that 6 month period working a job and doing poker part time.

Also planting my roots in san diego with a mortgage means that I will find it more difficult to invest in more lucrative property markets as long-distance management is much more difficult. Maybe that's a hurdle I can overcome, I'm not sure.

I'm dwelling on these questions. They're important and I ought to figure them out in the next few weeks.

In the meantime, I'm trying to play poker thurs-sun and continue educating myself mon-wed with those days being more lowkey. I put a goal of making 150k from poker earlier in this thread to try and motivate myself but really it's just not how I work. I don't want to win "all the money" from poker. I don't want that lifestyle and I don't care about money enough. I hate money, it's nasty and dirty. I don't have a love for it like a lot of poker players I meet. It's a reluctant tool, a vehicle so that I don't have to suffer like billions of people on this planet do because I can burn it as fuel units. Nowadays I am content with respect to acquiring more because I already have "enough" to live on as a bachelor with no obligations. I know the responsibilities in my life will increase in the next few years so I am planning ahead for that but as it stands now, I'm fine. I'm content with the money I have. Tomorrow tho? Who knows

With your poker knowledge you can likely sufficiently provide for yourself by continuing to play part-time. I say, dive into your career path (Prop Mgmt / Real Estate / SD). Sure, you will miss out on FL,but eventually you'll be able to vacation in FL and catch up on all that fun. This obviously depends on the career/situation, but the sooner you establish yourself, the sooner you'll be able to go on increasingly longer vacation/free time. Plus, the younger you are, the easier it is to put in the work hours. Reap the benefits later in life (and no, I'm not talking about working until your 60s ).

SD > Florida, AINEC.

But, my understanding is PLO action is crazy good in Florida. PLO action in San Diego is not so much.

Hey guys i'm still alive, i've just been grinding a bunch recently. I'll get back to this in a bit

So about a week ago I had an epiphany. I was evaluating my life and where I'm at and where I'm trying to go and how much work it would take to get to the different checkpoints. My habits and work ethic so far this year just don't cut it. I've put in 860 hours playing and studying which just isn't enough. I need to take my job more professionally and treat it as a JOB. Since then I've done a good job of increasing my volume and altering how I spend my time accordingly to still have a healthy lifestyle. Something I've realized this past week is that when you are playing a long session with a lot of tables, it's really important that you can forgive yourself for making a large mistake and keep on grinding rather than go on tilt over something that is now in the past. I'm working on improving in that department. I did 43.5 hours in the last 6 days which I am very happy with. I'm going to try and maintain a target a little less aggressive than that but if I do put in 50 hours weeks I will be so so happy. It's simple, for me to get what I want I need to work way more. So I'll do it.

Florida real estate, but Miami especially is a colossal bubble imo. State revenue is too dependent on property taxes - taxes which will drop immensely once the sea level rises and encroaches on existing properties. They need a sea wall very soon.

Even if the sea wall is built how long before a grade 5 hurricane hits Miami/south coast? The keys had a very close escape.

Journalists are even joking about how seafront Miami properties will be worthless in a decade or so when the water level rises.

If you think I'm off the money checkout global weather temperature averages for the last couple weeks - off the scale!

my two cents

Interesting I'll look into that. Yeah I'm not intending on buying any properties in FL just living there with a grinder and working really hard until I either go to (as it stands now) San Diego, LA or Boston. I appreciate the heads up tho for sure

Oh cool - yea just thought I'd throw it out there - real estate has become trickier EV wise in the last few years. Will definitely be a lot of money to be made by shorting companies with high exposure to riskier real estate in places like Florida or Caribbean.

I've been putting in huge hours, about 7 per day for the last two weeks since I had that realization of taking this more seriously to have the success I want. Results wise, I'm at 40.902/150k of that goal I had earlier in this thread so I'm definitely upswinging pretty hard.

Good to hear!

Gimme some of that grind motivation bruv, all I'm inspired to do right now is to eat rofl.

Thx ya dunno just had a few chats with people and woke up the next day realizing I had to get my **** in order and take this more seriously every day. Altho my mojo definitely comes in and out where I try and get hyped up to play with music or studying and then play till I'm emotionally tired, break, rinse repeat. Multiple times per day I don't feel like playing but I still get the hours in. Dunno how sustainable this is but on the other hand I might get used to it and need less mojo manipulation

Allow an OMC to suggest a few things about your real estate future.

"...For a life after poker, I see myself investing in rental apartments to generate passive income and enable the next segment of my life -- business and family. ..."

Start with vacant land.

Preferably low-priced but usable, in a growing state or county.

Preferably with low down or zero down, do some searching and start scoping out areas.

Land? "No tenants, no toilets, no termites."

Next thought.

In most areas, managing property for others requires a real estate license.

You do not want a "friend" pocketing rent payments, leasing your properties to crackheads, or worse.

You want a licensed, bonded and insured management company, and even then that is not an iron-clad guarantee of proper management.

You do not want to own rental properties that you cannot visit whenever needed.

(Land? No need to visit - ever - unless you feel like it.)

For rental property, you will pay principal, interest, taxes, and insurance payments.

Whether or not you have tenants.

And nobody is going to sell you good rental property for nothing down.

Land? Usually just property taxes only, and they are modest if you buy in the right states.

If you run bad, it won't affect your ability to hold onto the land.

Just some thoughts to consider.

One more thought.

How many houses or units can one person own, even with a steady income from a regular job?

No more than one or two.

Most valuable rental properties cost more in monthly payments to own than you can rent them for - if you count principal, interest, taxes, insurance, and don't forget maintenance.

How many vacant lots can you handle if you scale into them one or two at a time, pay them off and continue to buy more?

There is no real upper limit. How many half-inch three ring binders can your house or apartment hold? (One for each lot.)

Can you elaborate on how you make money from vacant land?

+1 are we talking residential or commercial?

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Hi Nozsr, I appreciate your input and looked into investing in land since your last post. The prevailing opinion as pointed out by the following posters is that investing in land is a speculative endeavor. What do you think about that? While I could see including some investments in land to round out your portfolio, you seem to be suggesting it as the dominant investment mechanism. I'd enjoy hearing more of your thoughts on the matter.
Also you mentioned above that people can only own a very small # of single family homes. I have encountered several people that own 50-100 single family homes and use property management firms that are sometimes their own. Do you still feel the same way given that isn't necessarily a restriction?



Anyway I've been on vacation for ages and I'm itching to get back onto the grind. I have my brother and his girlfriend visiting for a few days but the rest of August is going to be a massive grindfest before I move to Florida. That paperwork seems to be underway which is encouraging. I've been thinking about how much volume I'd like to put in this year before it ends and I'm going to go with a very aggressive goal of one thousand hours between playing and studying. I will likely fall short by 100-150 hours but I think setting this as a target is important for my work. After Christmas I'll reevaluate what I've done and then set another goal for the spring before I move out of Florida.

Yeah so I dropped acid for the first time last night.. thoughts to come later

Doooooope. How'd it go bro?

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Most of the profound experiences in my life have been on psychedelics. Looking forward to your thoughts.

Yeah so I had heard from others.

It was alright. So a friend of mine came thru and had a few tabs on him. It was more of a split second decision rather than a planned adventure but I decided to take them around 11pm. I enjoyed being outside during the trip because of how sharply I perceived my environment and how engaging with people felt more intimate. I got to watch some really dope multi-colored lights shimmering on a river that were coming from the balconies of townhouses and talk to my friends about love and relationships. A few other things happened, did a line and played a poor game of chess, went out on a pub crawl and talked into the late hours of the morning as well as took more acid maybe halfway thru. Around 6am when my last friend left and I went to fall asleep is when the tripping really kicked in. The hairs on my arm started to grow and the hairless section of my arm had long hairs curling out of it. The shadow formed from the crook of my elbow expanded as I relaxed my vision and I could see a narrow band of bright gold shoot across my vision as sharply curved lettering burned into it in black with a greenish hue. After it had drawn out, the darkness splintered into pieces and was replaced with kaleidoscopic polygons like a rounded tessellation that twirled about. Around then I refocused my eyes because I didn't want to wig out too much and I noticed a teddy bear next to me that I carry as a memento from a girl at uni. I consciously ignored it at first because I didn't want to animate it in my mind but eventually I worked up the courage to acknowledge him. He was fine although his eyes looked disappointed in me for some reason. I keenly remember being aware of how single I am. I really do miss having a partner, then and now, and I tried to rewrite my okcupid bio , would not recommend that. At the time I was re-prioritizing work and relationships to switch my emphasis towards finding a partner. Wondering about whether I should travel around the world looking to meet as many people as I can and try to find someone to spend my life with. After I sobered up fully (which took till the next evening) I realized that those ideas were mostly caused by the LSD and my sober self isn't actually that lonely. I do go on a lot of dates, there just isn't the substance that I would hope for with any of them, yet at least. I was worried that tripping would make me become aware of some underlying moral conflict involved with playing poker or landlording but thankfully nothing like that was triggered. Instead, if anything, it made me want to work less and find a partner. Don't worry though, since my trip I have redoubled my efforts to put in good volume and played a full Sunday yesterday. I'm glad I did it but it's not something I would repeat anytime soon and I don't think it had the degree of impact on me that it would have if I had taken it a few years ago. I've emphasized ongoing self-reflection/evaluation and truthful introspection as core aspects of my being since '13 or so and as a result I don't think there were truths to uncover during my trip. With that said, maybe a few more trips would unearth some things, but I don't intend on trying that anytime soon. I'm happy with my life. Life is good.

Cheeky bet call by this super reg. How often does someone have 3% getting it in on 923dd?




At 50.219/150k

I had a 10k day (well 9843) today, pretty surreal. I booked my flights around America for 20 days from now to see family and then settle in in Florida. I also put in 8:20 today that was tremendous volume. I'm going to try and do the same thing tomorrow after a quick meeting to set up a bank account (finally!). I'm going to have to look into cashing out some bitcoin I have over too much on my sites

Yesterday I started off with a 6k+ straight line down just bricking everything and then brought it back for a small win. I really didn't expect it and was quite pleased that I powered thru it without flinching. I got in 7:50 of playing & studying so very happy with that too. I'm way behind on my volume goal for this month so I'm trying to pile in the hours for the rest of it. This is going to be a big weekend for me for sure. I'm at 57.848/150k.

This one was weird by villain who is up a lot on my sample with solid stats. It's a cap game, MP is the spot. I guess it looks like I have a lot of one pairs that are folding and MP is wide enough to bluff both of us given his gutter and T blocker? Really interesting if this is +EV. Villain also probably assumes I fastplay my strong value vs the spot too so I'm pretty capped here