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All Forum Posts by: Anthony Hornbeck

Anthony Hornbeck has started 9 posts and replied 90 times.

Post: Central Illinois BP Meetup

Anthony HornbeckPosted
  • Engineer
  • Savoy, IL
  • Posts 92
  • Votes 12

Thanks for the invite. I probably won't make it this round. We're pretty full-up that weekend.

Post: Central Illinois Meetup - 1/22/2016 5:00 pm

Anthony HornbeckPosted
  • Engineer
  • Savoy, IL
  • Posts 92
  • Votes 12

I had something come up and looks like I most likely am not going to be able to make it. Thanks @Scott Dixon, but I'm going to have to take a rain check.

Post: Central Illinois Meetup - 1/22/2016 5:00 pm

Anthony HornbeckPosted
  • Engineer
  • Savoy, IL
  • Posts 92
  • Votes 12

I should be able to make it.  Thanks for setting it up Scott!

Post: Champaign, IL - SFR - Failed Flip

Anthony HornbeckPosted
  • Engineer
  • Savoy, IL
  • Posts 92
  • Votes 12

Shawn,

I believe I know exactly what property you're referencing. I walked through it a couple times before it was listed. Did you ever have the mechanicals checked out? I was curious as to the 1) roofing cost and 2) mechanicals condition. A lot of the rest of the house appeared to be largely cosmetic updating. Yard work would have gone a long way as well.

Interesting to read your updates!

@Chris Adams

 Have you thought about negotiating the sale of your model homes to allow you to show the unit, say 1-2x/week for a period of 6 months, etc. (Only with serious buyers, etc.)

I realize buyers would prefer NOT doing this, but if you could present the question in the right way, it may not seem so intrusive and could help them feel like your teammate in getting the neighborhood filled up.

Post: Central Illinois Meetup - 7/24/2014 6:00 pm

Anthony HornbeckPosted
  • Engineer
  • Savoy, IL
  • Posts 92
  • Votes 12

Hey everybody!

For those of you that made it to Jeremy's place, it was great seeing you. Many couldn't make it, so we decided to have another get together this Sunday at my house. Please feel free to join, and similar to last time, I'll have the meat and drinks, but if you plan to eat, please bring along a side to share. 

Time: 6:15 PM 

Date: June 14th

Place: 1204 Fieldstone Drive, Savoy IL 61874

Bring: A side (and maybe a chair)
RSVP: ASAP Please

Please tag those that I have missed. 

@Jeremy Lamb@Rob Anderson@Scott Dixon@Jeremy Dengmanivanh@Nicholas Holt

(& Brother) Others also welcome, can't tag you all!

Post: Central Illinois Meetup - 7/24/2014 6:00 pm

Anthony HornbeckPosted
  • Engineer
  • Savoy, IL
  • Posts 92
  • Votes 12

Sounds like a plan to me @Jeremy Lamb!

@Brandon Turner


If you find yourself trekking east central Illinois at some point, check out Champaign! We'll get some pictures and a meal!

Atta Boy @J. Martin! Glad to hear some details about your success.

I'd love to hear more about how you got into partnership with another BP member, and how you were able to OPM through BP. Can you point me to some of those stories? (With 3000 posts, I bet you've already written them!)

Keep up the good work! 

With 12 owned and 4 master lease/optioned...what's the next goal look like?

Post: Hypothetical - $75k Equity vs $50k Student Loans

Anthony HornbeckPosted
  • Engineer
  • Savoy, IL
  • Posts 92
  • Votes 12

@Account Closed

 I appreciate your feedback, but perhaps I'm misinterpreting some of your point. Student loan INTEREST is indeed deductible up to a maximum (I believe it's $2500). With a $50k balance at 5.25, we're really right about there.  I DO, however, concede that there are other tax benefits to property that are not duplicated via the student loans. Your point about loan forgiveness is a great point though. To some extent I suppose I hedge that risk with life insurance, etc, but I do feel it's worth considering.

I suppose I just see both sides of this argument. On the one hand, it seems to me that keeping the property is perhaps the best FINANCIAL solution, but paying off the non-mortgage debt would be very emotionally pleasing.

Should we really be speaking in utils lol? I mean this is hypothetical after all.

I appreciate all of your feedback and hope we can generate a few more answers for the survey.