I have 6, well behaved, children. And if it were me you would know it. I am not shy.
Anyone here live in St. George?
- Thread starter green
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I have 6, well behaved, children. And if it were me you would know it. I am not shy.
I was kidding, of course. But while I saw a picture of you at some point, I don't think I remember what you look like well enough to recognize you, and I doubt you'd recognize me.
I was kidding, of course. But while I saw a picture of you at some point, I don't think I remember what you look like well enough to recognize you, and I doubt you'd recognize me.
I remember the pic of you pondering life sitting on some stairs. Amirite?
lol. Yeah, that was me.
Well I've sent it to my family to see if they'd be game for a couple longer drives for a much better place. Give me a quote (pm or text) on four nights from July 11-15 if ya would.
Also does this mean it's contingent on allowing rep to go higher than 100?
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Just his. Plus, he wants everybody else to have a limit of 50.
Will do.
Miggs
Well-Known Member
Since it's not your own Ill criticize it then. **** looks gaudy and not so hot imo.
If you rent it out, just remember to take a **** on the couch before you leave. That's how they say "thank you" in Kentucky, it's not rude or weird.
Terrible pics, I agree. No idea who took them.
This is business, though (aside from there should be better pics), and it was simple. The home appraises for $1.85M and we were able to purchase it for $1M. Further, we CLEAR about $150k in profit from renting it each year.
So, we pick up a home with an immediate $800k equity, make 15% interest on our money, and now have a CAP rate that we could get closer to $3M for the home if we wanted to sell it.
So **** on it all you want...
****. Man, I wish I had the right kind of brain for making money. Whenever I want to make more money, the only thing I can ever come up with is "maybe I should work more".
The old cliché about it taking money to make money isn't exactly true, but it's also not false either.
The opportunities to make money with money (without much work, per se) are nearly boundless. Just yesterday I got a call from a lady that needs $250,000 like right now. She has a piece of property valued at $750,000 she will place as collateral. She is willing to pay 10% interest which isn't bad in and of itself, but I told her I would also have to have 10 points, to which she agreed.
I then let her know I would close the loan as a net fund. Which means I will only come into the loan (give her cash of) with the $250,000 minus the 10 points ($25,000) and minus the 10% interest ($25,000). Therefore, I only actually give her $200,000 at close rather than the $250,000. But when she has to pay me back in 12 months, she owes me the $250,000.
This, therefore, equates to a ROI of 25%.
I do these all the time because I don't have to do anything except make sure the collateral is clear and exceeds the value of the loan by a minimum of 2x.
addictionary
Well-Known Member
Loan shark, eh? Well I guess that profession will always win since capitalism's nature magnets money to mo-money.
I post therefore I am...
I post therefore I am...
Interestingly, I will not loan money to people that don't have the ability to it pay back. I have no interest in foreclosing on someone and taking their property. Everyone I loan to is using the money to invest in a killer deal of their own. I have to understand their deal sufficiently enough to make me comfortable I don't have to be the bad guy and take their property. I never loan to people that are using the money unwisely or are just in a bad spot. I loan money to people that are also looking to make money... and I perceive myself to be helping them and taking my piece in the process. More akin to Shark Tank than old school loan sharking.
addictionary
Well-Known Member
Good to hear you stick to your values and don't exploit helpless hopes. Because this kills many families. I don't see what you do as a wrong thing. Everybody from every socioeconomical class have their moments of Choosing to gain interest over some governmental gap or some trade deal lesser bargainer Who is misinformed or helpless or whatever. People usually just bash big capital owners forgetting every little thing they did and will do that are just as unethical but lesser impact. You also go smart off with this way because there really are people that will kill your money and economically kamikaze with it and there will be nothing you can do about it.
I post therefore I am...
green
Well-Known Member
So, I'm taking the job. Will start Oct 5. I'm excited. We found a house to rent, I'll be able to bike to work, have a pool, great hours...my poor wife might actually get comfortable in one spot. It's time. St. George seems like a great area. Close to a major city if needed, all the local amenities our family will need, close to all our favorite spots (all within a semi-short drive -- Mexico, So Cal, Davis County, etc) but yet far enough away that we can dictate our own schedule.
I apologize in advance for my kids coming into the area, they are...energetic. Ha ha.
I bet we'll love the weather this year. Then ask me again next August. Ha ha. But you guys tell me it never gets too hot to swim in a pool.
I'm trusting you guys.
I apologize in advance for my kids coming into the area, they are...energetic. Ha ha.
I bet we'll love the weather this year. Then ask me again next August. Ha ha. But you guys tell me it never gets too hot to swim in a pool.
I'm trusting you guys.