All Forum Posts by: Account Closed

In this market unless your LLC has a profitable track record before getting the property, you are not going to get a loan in the LLC's name even with a personal guarantee.

Why are you trying to lower your DTI and the debt showing on your consumer credit report?

As an investor we are in probably the absolute best overall opportunity anyone alive today has ever seen or will ever see. I honestly believe that because of an interesting combination of factors coming together.

There is absolutely no way inflation will not return. No, I'm not saying hyperinflation is a given. I think it is a chance but am not building my investing models on it. But, inflation will be a major economic factor starting later this year and continuing for a long time.

As for the bottom in real estate; calling a bottom is only accurate when you can see it in your rear view mirror. No one has a perfect crystal ball. However, if your horizon is more than three years we are very near what will be identified as the bottom.

I am convinced the next few years are going to make the next generation of the super-wealthy. But, only for those who act with knowledge, sound information and strategies and the ability to hold on while all the scared money bails or is pushed out of the market. The gimmicky ways the gurus have been teaching are falling apart.

The time is now, for those with a minimal to modest starting point, a determined will and some patience.

That is why I am a buyer in this market, even today.

Originally posted by Armando Williams:

"this should be fun"

LMAO

Bush wanted to take over The mideast so he can have all the oil. Which means more money.

Do we live on the same planet? Who owns the oil fields in the middle east? That's right, the countries where they are located.

I know the left has this extreme and inane hatred of Bush, but he's gone man, let it go, your guy is in charge now.

Their "share" would be all of it. Which, interestingly, is EXACTLY what we did.

Apparently, there is one thing were aren't going to get to miss now that Bush is gone, the whining and chanting that everything is all Bush's fault. You know, I must've missed it when Bush became all THREE branches of government.

You need to start developing private sources of funding.

Originally posted by Jon Holdman:

This is "Atlas Shrugged" in real life!

Yes, it is. So, just who is John Galt?

His plans are working out the way they are supposed to just not the way they were advertised.

No one who read Obama's first book is at all surprised by the programs and policies he has pushed and enacted. He is an extreme leftist who loves communism. He said so in his first book.

The purpose is to increase the dependence on government and increase the pool of voters who will vote democrat out of fear of losing their goodies from the government.

One of the things they got right was in talking about what a joke the rating agencies were in the whole CDO mess. They took BBB and worse assets that were sliced, diced and the parts then aggregated. This was repeated MULTIPLE times. Then the rating agencies rated the aggregate of the pieces (the CDO) as AAA. We now know their statistical models were flawed because they intentionally chose the best of the risk scenarios at every step.

This has led to extreme distrust of these rating agencies now and it the root of the current "credit crisis" that isn't really a crisis at all. There is plenty of money to lend and plenty of loans being written as long as the risks are fully identifiable and can be mitigated.

The major lenders are doing exactly what they should be doing; actually basing their loan programs on measurable risk parameters. Because if they don't the money pools funding their lending ability will dry up.

Just in case you want to see what a REAL first amendment case looks like...

OKC officer pulls man over for anti-Obama sign on vehicle (click here to read more)

He doesn't support the "Fairness Doctrine" but he does support and wants to enact and enforce "Localization" which accomplishes the same thing.

The left hates talk radio because few listen to their left wing radical drivel and no advertisers spend big bucks on it.

The left suffers from "listener envy" among other envies. :cool:

Even when I have purchased properties in my name I have not given my SS# to the closing agent. There is no legitimate need they have for ANY tax identification.

Note, I am not saying others should do what I do because you will get push-back. But, there are very few situations where I give my SS# and they ALL revolve around compliance with the tax code.

Hospitals? No. Doctors? No. Insurance Companies? No.

I will warn you, if you choose to do what I do you will spend a lot of time "discussing" whether you will give your ss# or not unless you do what I do. I always end up with some form of, "Show me the law compelling my disclosure to you and I will comply. Otherwise, it is your policy which is of no interest to me. You can choose whether to do business with me but I alone decide when to release my SS# and to whom."