ernest_t_bass
Posts: 24,984
Apr 16, 2012 11:47am
Then where have I been sleeping?justincredible;1145125 wrote:I do not have a garage. I have a shed.
password
Posts: 2,360
Apr 16, 2012 12:17pm
What kind of condition is she in?thavoice;1145095 wrote:Own my own home.
I would be willing to sell it, dirt cheap, but the wife is included in the deal.
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Steel Valley Football
Posts: 4,548
Apr 16, 2012 12:25pm
Belly35;1145072 wrote:That would be bank appeallake front property don't really have curbs
A house does not have to have a curb to have curb appeal. Sounds like you're in a conversation with the right guy, though.
FatHobbit
Posts: 8,651
Apr 16, 2012 1:59pm
What if he doesn't care about curb appeal?Steel Valley Football;1145173 wrote:A house does not have to have a curb to have curb appeal. Sounds like you're in a conversation with the right guy, though.
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Steel Valley Football
Posts: 4,548
Apr 16, 2012 3:17pm
FatHobbit;1145261 wrote:What if he doesn't care about curb appeal?
Then he's definitely blowing Con_Alma.
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fan_from_texas
Posts: 2,693
Apr 16, 2012 5:18pm
We own a home.
dwccrew
Posts: 7,817
Apr 16, 2012 6:44pm
I own the home I live in and I also own 22 rental units (9 houses and a 13 unit apartment building). I also sold one house that I carry the mortgage on, so I don't own the property but I do own the mortgage which my buyer pays on every month at 10% interest.
GoChiefs
Posts: 16,754
Apr 16, 2012 6:48pm
Own our home. Looking into buying the rental property beside us and tear that sum bitch down once the mortgage is paid off.
hoops23
Posts: 15,696
Apr 16, 2012 6:54pm
I own 22 properties all of which I make money on. If you have a mortgage you're a fucking idiot.
j_crazy
Posts: 8,372
Apr 16, 2012 6:56pm
I own a house in Katy TX. 16 acres in Washington county Ohio. Also have a 160 acre hunting lease in Homer LA.
dwccrew
Posts: 7,817
Apr 16, 2012 7:14pm
Actually, if you are smart enough to do so, you can leverage your money and make even more money by borrowing. Interest rates are at historic lows. As long as you don't overleverage yourself, you can make loads of money. I only have one mortgage, but it allowed me to buy 3 more houses outright and one property's rent pays the note each month. Taking that mortgage allowed me to gain 3 more properties in which I have positive cash flow on.hoops23;1145446 wrote:I own 22 properties all of which I make money on. If you have a mortgage you're a ****ing idiot.
So using arbitrary numbers, if I receive $500 a month in rent on the house I took a mortgage on, and the mortgage payment is $400; using the equity I took out of the home I bought 3 more houses with cash and make $500 a piece on them ($1500 total), I just increased my gross monthly income by $1500 a month.
dwccrew
Posts: 7,817
Apr 16, 2012 7:25pm
I must add that I originally payed cash for the house and a VERY reduced price (foreclosure), fixed it up and took out 70% of it's appraised equity, hence I have a very low mortgage payment in which my renter basically covers and I still have money leftover out of their rent.
hoops23
Posts: 15,696
Apr 16, 2012 7:27pm
This is complete and utter bullshit. Your post is now rendered useless by me.dwccrew;1145454 wrote:Actually, if you are smart enough to do so, you can leverage your money and make even more money by borrowing. Interest rates are at historic lows. As long as you don't overleverage yourself, you can make loads of money. I only have one mortgage, but it allowed me to buy 3 more houses outright and one property's rent pays the note each month. Taking that mortgage allowed me to gain 3 more properties in which I have positive cash flow on.
So using arbitrary numbers, if I receive $500 a month in rent on the house I took a mortgage on, and the mortgage payment is $400; using the equity I took out of the home I bought 3 more houses with cash and make $500 a piece on them ($1500 total), I just increased my gross monthly income by $1500 a month.
For the record, I do not own 22 properties. My entire post was in jest.
Cleveland Buck
Posts: 5,126
Apr 16, 2012 7:28pm
If you have to pay property taxes then you don't own your house, you rent it from the government.
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jmog
Posts: 6,567
Apr 16, 2012 7:45pm
Technically the bank owns my house. If I pay it off on schedule they will own it for another 26 years. My prediction at the rate I am going now, I will pay it off in about 13 years.
Heretic
Posts: 18,820
Apr 16, 2012 7:57pm
A molesting shed to store kidnap victims?justincredible;1145125 wrote:I do not have a garage. I have a shed.
justincredible
Posts: 32,056
Apr 16, 2012 7:59pm
Heretic;1145492 wrote:A molesting shed to store kidnap victims?
If you're going to get technical on me, yes.
Glory Days
Posts: 7,809
Apr 16, 2012 8:01pm
sleeper'dhoops23;1145446 wrote:I own 22 properties all of which I make money on. If you have a mortgage you're a fucking idiot.
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sjmvsfscs08
Posts: 2,963
Apr 16, 2012 8:18pm
lol wut?Cleveland Buck;1145470 wrote:If you have to pay property taxes then you don't own your house, you rent it from the government.
dwccrew
Posts: 7,817
Apr 16, 2012 8:19pm
I am assuming you just don't understand business or are trolling or both.hoops23;1145468 wrote:This is complete and utter bull****. Your post is now rendered useless by me.
For the record, I do not own 22 properties. My entire post was in jest.
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sjmvsfscs08
Posts: 2,963
Apr 16, 2012 8:20pm
I own nothing. My family owns six or so properties. Renting one, a triplex in Fremont, OH.
Cleveland Buck
Posts: 5,126
Apr 16, 2012 8:24pm
What happens if you don't pay your property taxes? If you have to pay someone to keep your home, who owns it?sjmvsfscs08;1145502 wrote:lol wut?
Speedofsand
Posts: 5,529
Apr 16, 2012 8:37pm
my swamp shack was paid off just 2 months ago.
DeadliestWarrior34
Posts: 3,101
Apr 16, 2012 9:05pm
ernest_t_bass;1145149 wrote:Then where have I been sleeping?
His rape dungeon.
hoops23
Posts: 15,696
Apr 16, 2012 9:05pm
I am assuming you didn't read where I said my post was in jest or you don't understand the meaning of the word or both.dwccrew;1145504 wrote:I am assuming you just don't understand business or are trolling or both.