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All Forum Posts by: N.A N.A

N.A N.A has started 2 posts and replied 12 times.

Post: Should I invest in older homes?

N.A N.APosted
  • Illinois
  • Posts 12
  • Votes 1

I suppose it depends on the area. I now live in Florida and won't touch a property built before 1975, and definitely not a house that's not block/brick.

I don't think it would be an issue in Ohio.

Post: Landlord Kills Two Scumbags During Apartment Break-in

N.A N.APosted
  • Illinois
  • Posts 12
  • Votes 1

I find it ironic that people who consider themselves to be capitalists that subscribe to the Austrian school of economics view this landlord's actions as justified.

The Austrian principles state very clearly that robbery doesn't equal murder. I do realize that one of the robbers had a gun. However, if the landlord just let them take the **** and go on their way, all of this could have been avoided. I seriously doubt that there was anything that valuable inside this apartment.

The vast majority of the time, the robber is not going to utilize the weapon. It's simply a scare tactic designed to prevent the victim from resisting.

Post: It Feels Like I'm Missing the Boat

N.A N.APosted
  • Illinois
  • Posts 12
  • Votes 1

I'm 24 years old and I'd like to get started in REI, but I can't find a job that pays a livable wage. So instead, I decided to go back to school to earn a BSBA in Accounting and IT (double major).

I just checked my credit score today and it's 814. I have the credit, but don't have the money and it feels like I'm missing out.

I utilized AP exams to test out of 60 credits towards the degree. I avoided $15k in tuition by doing it this way. I should be able to graduate in 2.5 years with $10-15k in student loan debt. However, I'm kind of afraid that inflation is going to set in soon and I'm going to miss a once in a lifetime opportunity in real estate.

It's too bad you can't make a livable wage out of high school anymore.

Post: Gutted Houses

N.A N.APosted
  • Illinois
  • Posts 12
  • Votes 1

I think you're better off just wholesaling.

As an investor, I may not want a house that has been completely gutted, especially if I just plan on renting it.

It may actually create more work for me.

Post: What's Important to You in a Political Party

N.A N.APosted
  • Illinois
  • Posts 12
  • Votes 1

http://www.constitutionparty.com/

Post: financial aid for kids college

N.A N.APosted
  • Illinois
  • Posts 12
  • Votes 1

I'm not an expert on the subject, but I believe the financial aid application asks what the parent's net worth is. So, it is a factor. The fact that she's a single mom may help a bit though.

If their mom makes too much money, they aren't going to qualify for much. They have a couple of choices. They can either take out FAFSA loans at 6.8% fixed or go to a community college for two years and get a transfer degree.

Either that or they need to wait until they are 24. Then, they'll be considered independent and their mom's income won't be a factor.

Post: Last month's rent

N.A N.APosted
  • Illinois
  • Posts 12
  • Votes 1

Most residential heating companies employ techs who work on a commissions basis. If they sell a new furnace/AC unit, they get a big check from the company.

So, I'd take their advice with a grain of salt. Or get a second opinion from another company.

Post: What is an "Amero"?

N.A N.APosted
  • Illinois
  • Posts 12
  • Votes 1

How can anyone deny that globalization is real?

A unified government and currency are necessary in order for a globalized economy to function. The Amero would only be Part 2, with the Euro already being Part 1. You would eventually see a unified Asian currency and a unified African currency.

You won't be laughing at these people and calling them crackpots when real estate investing is only available to a wealthy few who are grandfathered into the system.

You aren't one of those "few".

Post: Realtors...

N.A N.APosted
  • Illinois
  • Posts 12
  • Votes 1

Only work with new realtors. They seem to be more motivated, albeit less experienced.

Originally posted by Michael A.:
If i feel confident that the rent from the 2nd part of the house can cover my entire mortgage payment, would that be a good sign of a decent investment... i would then expect around 1500 a month in additional costs but of course i would be able to be living there.

It's probably extremely difficult to find a property where the rent from one unit will be enough to pay the mortgage unless you're putting down nearly 50%.