All Forum Posts by: Kevin Coggins

@Linda Weygant There is alot of information for "Paul Jantasan", the interesting thing is the switch of words (I'm sure there's a better word for it). Such as "Trade World Organization" instead of World Trade Organization, then he apparently created a website called "Bank Denmark" among many others very recently.  There is nothing online to suggest Dean or Paul have done anything except create websites, blogs and youtube videos.

@Linda Weygant If he was truly as educated as he claims, and has done all these things, his name would come up in research papers, news articles, company profiles, etc. His name only comes up related to Youtube Videos and Blogs about the stuff he's been preaching here. He does offer "educational" classes, so I'm leaning towards agreeing that it's guru stuff.

I would get insurance, but I also would rather be covered from a liability standpoint and also in case a tenant decided to burn my house down (whether intentionally or accidentally).

 The property I have an offer on is something I've considered flipping...I've debated on if it's even worth the flip at 30% profit, for the reasons you've basically listed out plus it's an area where you either sell it in a few weeks or these some listed for a year (pretty sure I can get 100% profit and your timber stories gave me ideas for this one haha). 

I do agree that this strategy sounds great in theory, as long as you exclude anything variable besides selling a house for $45k profit every month and also reinvesting that $45k to buy more houses to flip for $45k a month. Maybe I'm just lost in life, but almost nothing ever goes exactly as planned and something you expect to cost 5k turns into 10k or worse. Holding costs can add up too, especially when as the example given is borrowing all the money, so you figure high interest over a few months on X amount of money. Compounding interest going the wrong way with those rates and put you underwater real quick (companies like Linn Energy when oil dropped). 

And also, @Account Closed or should I say Dean Jantasan (not sure how you misspelled your own name), but if you were 1/10 as qualified as your claim, there'd be more about you than a few blogs and youtube videos online. Which makes me wonder, why are you posting using an alias/fake name...what are you hiding?

@Dee 

@Account Closed You're deflecting, and your quotes are advocating tax evasion, not hiring tax experts...but if you want to advertise your tax services - I would recommend the marketplace.

 I would also look into refinancing - you may be able to cut that down even lower. Without looking at the numbers in your scenario, I think it'd be possible to refinance to a 15 yr term and cut a few additional years off (not sure if fees make it economical or not), but also who knows where interest rates will be when a refinance would make sense.

 Where in the tax law does it say to ignore taxes or to pay as low as you want? Yes, there are ways to defer taxes and deductions to take. You can buy and hold without sitting on cash in the house, avoiding the taxes and fees on the sale, etc...but I know that doesn't fit with what you're selling :)

 Go to Excel and hit "New" like you're going to open a second Excel workbook. Then there should be a search option that comes up, just type in "Loan" and one of the options should be "Loan Calculator With Extra Payments". Knowing Excel, this may vary slightly depending on your version.