All Forum Posts by: Jay J.

 I see your point, and yea I'd probably agree..

Whoa, no way.. Not at all. But seriously, that's not really investment grade advice, is it..? I mean, is there a "Series 7" equivalent for RE ? People here give advice all the time, but does it matter that I referenced stocks? (not being sarcastic, I'm really asking)

To be honest, I didn't read the entire thread.. so, my comments were based on what 'I" would do with 200k.. and really, I prefer "options" as opposed to "shorting" the stock market as well. I've been trading for a few years and although, never having "lost it all", I see your point and I guess I'd be wary of it too..  But I don't think the advice 'sucks'.. lol.

But as your pointed out (to me at least) with a home equity line, that does/ but doesn't change things.. I mean, you would have a HELOC (3-4%) payment that you'd have to make, so that would set lower limits on what would be an 'acceptable' investment with that 200k. So, yea, maybe you'd have to invest more than 100k (like, in my scenario) in to a RE deal to get that 'lower limit' met.. I guess it would depend on the deal.. but again, I'm in Oh, so that could be done with 100k here.. Cali, not so much.

 If I had $200k right now, today, I'd break that up in to two investments.. 

1) I'd put $100k in a brokerage account, and yes, short the stock market. A liquid ETF like IWM (https://www.investing.com/etfs/ishares-russell-2000-index-etf) Use something like $50k/$75k for the position and wait for the correction.

2) Use $100k and buy a sf home and house hack while checking my brokerage account..  :-)

I understand about the cabinets, and honestly, I'm not a huge fan of them myself, but its not worth replacing.
The rest of the house is carpet. Bathrooms are the same vinyl..

Hey!  I have a 'design' or 'style' question..

I'm replacing the flooring in my house prior to putting it on the market. I currently have sheet vinyl, and have to replace it (the dogs fault, long story short).  I would like to try and get the most 'bang for my buck' when I sell, so I'm thinking about upgrading.. 

I found a really good deal on vinyl 'click' wood flooring, but it's a pretty close match to my current cabinets. Does that matter? I've attached a pic of the cabinets & proposed flooring, and one of the current kitchen.

opinions...??

@David J. I'd take $50k of that $200 and short the S&P or Russell using high volume ETF's..  (think IWM)

Then, wait for the crash. (could take 6-18 months)

Close your short position and buy (good assets) like a mad man..

Wow.. it looks like you posted the whole contract.. lol   ..maybe an attorney will jump in a give some free advice..??  

But, if not,  do you have a CPA or an atty. you can take this too..?  I'm no expert, but what I read (admittedly, not all of it) it doesn't cover prepayments..  but I guess if its your first deal, and the numbers & property work..  why not??

Maybe posting some of the 'details' of the loan would help..

communitycrimemap.com is a great resource also !!

Honestly, its not a great area..  D+/ C- at best.. probably why finding a pm is difficult.