All Forum Posts by: Alvin Sylvain

 My completely non-expert and normally useless thoughts are that if you can lower your current debt service amount, then there is no reason NOT to refinance. Never-mind getting cash out, that's icing on the cake. The cake is reducing expenditures to increase cash flow over the long term.

The only thing to worry about with having extra cash laying around is the temptation to spend it on "necessities." (honest! I really really NEED that Big Screen TV!! The Rams are playing this week-end!)

Dude that is some of the best advice EVER!!

Just to be clear, your title, "Tired of all the winning", is that being sarcastic or did you misspell "whining"?

I don't know how widespread they are, but there's a company I often see here in SoCal doing business as "We Buy Ugly Houses" with a cartoon caveman as their logo. You might have seen them in your area.

They don't put up bandit signs anymore. They put up full-sized billboards.

And if you're interested, they also franchise.

1. Contact an attorney familiar with LLC and Tax law in your jurisdiction.

2. I honestly doubt this would work, even if it proves to be legal. Lenders aren't stupid. They'll see your wife's name on the deed and immediately ask, "ok, so what's different between you, her, and your LLC?" Then no matter how you answer, in this day and age of Covid "Abundance of Caution" they'll just deny the loan. They're not hurting for borrowers right now.

3. Everything I've heard about LLC's says to get the loans in your name, then if you want to, transfer them to the LLC. But I've also heard opinions that you most likely won't really need an LLC. I don't remember the details, but we have a BPer who handles "Land Trusts" and recommends that strategy over LLC.

4. Did I say to contact an attorney? Bears repeating.

Trump is out of office and after 12 months, people are bored hearing about still more Covid deaths. What else is there to freak out over these days? :-)

What'll happen is that a whole plethora of California ex-pats will say to themselves, IT'S FRIKKEN COLD DOWN HERE! NOBODY SAID IT WOULD GET SO FRIKKEN COLD! and then they'll catch the very next plane back to California.

dammit.

 Two things. One, the price you pay for volatility is pretty steep. Most people, I think, would prefer a little more stability and assurances that what they put in yesterday will be there today. Never-mind tomorrow, we need it today. Which may make it a great long-term investment or store of wealth, but a lousy currency. Maybe there would be less push-back if advocates would just drop the currency idea and stick with what it does best.

Two, I don't think your average criminal gangster or terrorist is too concerned about the difficulties of getting cash out of a bank. Most of them didn't put much there to begin with. Lets not forget, while all of us strive very hard to escape the watchful eyes of Big Brother, criminals in particular enjoy as much secrecy as they can!

As to the personal travel time with the suitcase of cash; come on! now you're being picky!

You said, "I've had threads over the years, the haters came out, but more, like Elon Musk, are getting in."

In other words, you dismissed a whole class of people who disagree with you as those with hatred. They stab puppies with letter openers and mix salt in the sugar bowl. But apparently, Elon Musk agrees with you, no hatred there, he's a Good Guy.

Make no mistake, of course many people have uninformed opinions. Of course many people have well-researched opinions. Many highly educated and studious people disagree on millions of topics. On a scale of 1 to 10, some people are L. What can be done? I think maybe we can at least try to rise above the name-calling.

I'm just curious about today's trend where somebody with a different opinion is automatically labeled "hater" ?