Lost items in the house.
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How a financial professional lost his house
Comments (51)"The debt doesn't generate income. Rent generates income. Debt costs money. It always has and always will. Sometimes, you can net out positive, but you are always increasing your risk. Lots and lots of people have bankrupted themselves by financing multiple rental properties." That mans they did not know what they were doing, and likely over leveraged the debt they carried. The frast ;itte hicup om cash flow ad they crash ad burn. while debt costs money, it is one of the things that allows our economy to work and prosper. he lack of any method to borrow is one of the things that holds may economies back. It is also a trap for fools that do not understand the money is not free and creditors expect (and often can demand) repayment. Or you can try to save up to put enough down on investment properties (normally a minimum of 20%, ad often more is actually needed) and not ever get very far. While it is true the rent is what pays the income, without the ability to borrow at least some portion of the purchase price the income would never have existed. Better rethink that whole concept a little bit. Yep, the lender gets a cut. But I get a nice cut also. I really like having someone else make my mortgage investment payments for me, while I skim off some cash every month, and then have an increase in value when I sell. Even when I have 50% of the price into the property, if the value increases by 2%, that is 4% on my investment (and the tenants are paying the expenses). If only you could find someone to pay for a loan on stock andlet me pcket the increases....See MoreI just lost my dream house
Comments (48)I drove through a different area yesterday, for Nick's football game, near where my sister lives and where I used to live. I am not kidding, I probably could have counted a hundred for sale signs. Maybe even more. And that is the supposedly desirable area. This is the boonies. That's the problem - this area wasn't built up during the housing boom so there isn't excess inventory. What is on the market in my range are the unsellables - one bad location (next to the biggest 24 hour gas station in town, at the busiest intersection), one has a cesspool, one is a peeling Victorian (I don't want to deal with old peeling possibly lead paint with two young children). This is the type of area where people don't move in and out of very often, they just move around and no one is moving around since there is no place to move to. There really isn't a neighboring town south (there's a big mountain) and I don't really want to go any further north but even if I did - those towns have even less to offer....See MoreMonarch "lost" in house, ideas where to look?
Comments (2)Found him! This morning he was on another window blind in the same room as where he disappeared last night. We spotted him before opening the blind. Guess he didn't go exploring up the open stairway to the second floor or down the open stairs to the basement. I've no idea where he was last night. Just glad we could release him to the great outdoors today. Our last monarch eclosed today. We had taped the chrysalis to a protected outdoor overhang and saw this one drying and then watched it soar away. That should be it for our butterfly rearing this year. We'll have to get large cages if we want to do this indoors next year :)...See MoreLost house because agent never submitted bid
Comments (15)I know some sellers want to move fast, but I think it would be smart to let offers roll into Sunday night, giving people at least one full weekend to look at the house and make an offer. I don't like my money being held hostage. I would be very hesitant of making an offer and letting the sellers sit on it for a weekend while they looked for better offers. I respect you hoping for a better offer, but then reject mine and allow me to look for other properties to make offers on. I am not going to make an offer that expires 4 days later so I can accommodate your search for the best deal. I have submitted several offers that expired before announced best and final dates and I love those, because they are less risk to me, several times I have decided not to honor an offer that the sellers didn't accept before expiration....See More- last month
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