All Forum Posts by: Gordon Starr

I thought collateral was required only over 200k, so I was told. I confirmed my loan amount at 29. Now I see the terms, i regret not dropping below 25. I haven't signed, but requested an adjustment to 24.9. If they won't do that then I am probably gonna quit the program. Cant stomach those terms.. the one I hate most says they can buy my assets for any price they like.

I've requested to lower my loan from 29 to 24.9k since it looks lik 25k is the new threshold wher the collateral requirements start. These strike me as onerous to put it mildly. It sounds like they slap a lean on all my property at my expence. Then in the note it says something about SBA or their assigns having the right to buy my assets at whatever price they like.. what's that mean? Does trump own sba?

I am at the point of signing and having a hard time getting on board with the collateral requirements. Though my loan was proposed for 29k, they say anything over 25 requires collateral. What’s troubling me is they seem to want for collateral everything of value that I own. Also, they state I can’t sell any of it. Does this mean I can’t sell real estate? The wording is kind of complicated.. Am I reading this right?

I am about to set up my portal and take the next steps. Way back in this thread I read that collateral was required if you borrow more than a certain amount. What dollar amount is that threshold? Thanks..

The only thing we have to fear is fear itself. That’s was what Roosevelt told people during the recovery from the Great Depression. People are so panicked by this pandemic. The media and politicians feed the fear to justify their actions and take down their enemies. People are so afraid of death. They don’t even notice everything else that’s changing. Like the schools handing it all over to “go ogle” classroom.. originally called backrub they are the worlds leading purveyor of porn. I don’t want them in charge of video schooling my kids.

Hmm. I see the only north riverdale houses for sale are on piontview up near main. Street by street, yes. Look how nice these houses are! it's the riskiest street at least that end of it. You have a far better chance of getting shot than getting rich. This market has been hot and that's all that's left!

North riverdale 411

Riverdale, the older building stock and particularly if it was under water in the 1913 flood, is closer to downtown. It's getting alot of help from city services as it is a focus demo tipping point neighborhood. .Newer buildingstock came along as you move north. However you dont start to getting awesome for rentals and out of most all D until North riverdale and southern shiloh. This area has some of the most custom, best built smaller residences in the world and they sell for dirt cheap. Its emerging for sure. I count among my tenants a computer scientist and a robotics technician. Avoid buying adjacent to Santa clara. Its tempting cause it's beautiful but that's f. There is d in lower riverdale and only a little along north main in north riverdale.. the only b is low b adjacent to wegerzyn gardens and museums. The seibenthsaler compound on spring creek is notable he owner a square mile there. I own it now, loving my waterfall!

All very interesting.. food for thought, then action. 

Thanks for the ideas. I could mention to them that I might mail the court the eviction paperwork. Even though its closed for cases..