All Forum Posts by: Account Closed

If the agent refuses to present the offer you can avail yourself of the nuclear option and present the offer directly. Whether the seller accepts it or not is a different matter and if they do accept it whether they still pay the commission is another different matter.

You can write your presence to be there when the offer is presented as a condition of the offer. Meaning, if they present it without you it is void at your option.

However, it is extremely stupid in my opinion to put that kind of requirement on the offer. If you can't make the agent understand the offer what makes you think you can get the seller to "get it" with the agent sitting there shaking their head?

I am a big supporter of the Fair Tax. John Linder is my representative and his vote against the bailout and his position on the Fair Tax are the only reasons he is the only Republican I will vote for this time around.

We are in for at least two years of ever more intrusive government and socialist programs. The Fair Tax would tax way too much power away from the socialists already in control of Congress and Obama so, it will not see the light of day as long they are in control.

The Fair Tax is by far the best and most fair way to tax people. It takes ALL of the social engineering out of the tax code.

The Fair Tax has no chance with Pelosi in control of the House, Reid in control of the Senate and Obama in the White House.

It is not too good to be true. I would suggest you read the followup on the Fair Tax by Boortz too.

Originally posted by Christopher Stephen:

Start a new credit file using a secondary credit number Immediately!

This is fraud and is illegal. What's more within a few months to a year or two the credit reporting agencies will have tagged it as a secondary number and rolled it into the real credit file for the person.

Authorized users do not get any FICO goodness any more. The example you used of the husband being added to the wife's account only works if it is converted to a joint account.

As to adding the rental history and other non-traditional trade lines, Fair Issacs has already said they are going to adjust the models to either exclude or severely reduce any positive impact those provide.

However, all of this is moot in the current lending environment. Underwriters are not going to let anything the least bit questionable slide any more.

I don't think your options are necessarily limited.

A knee-jerk type action got you into this I would not compound it with a knee-jerk reaction of selling, or anything else, without taking a deeper look.

Now that you find yourself in this investment there are some things to investigate.

You said you are going to raise the rent to $725 a month. Is that market for your area? Are there things you could do to the home to increase its value and the rent you could charge? If so, what are the cost of those improvements verses the increased value and rent?

You are currently carrying negative cash flow based on the 50% thumbnail estimate. Meaning, you are not building reserves for expected and unexpected repairs you may face as well as vacancies. With the money you have on hand, could you handle the expected repairs until the rents can be raised to cover the shortage? Do you have cash available for a large repair like the HVAC system needing to be replaced?

Is there anything about the house and/or its area that makes it an attractive property to hold even though you paid too much for it?

This should get you thinking and if you want send me a PM with your number and I will call you on Monday to talk more about it. Or I can give you my number. We can talk about things you may be able to explore to turn it into a great property in your portfolio.

As wounded as our Republic currently is it would be very difficult for a dictator to take control. You can thank the Second Amendment for that. No matter what has been going on in this country we have held regular Federal elections every two years. Wars, no wars, good economies and bad, the elections happen. Couple that with a Constitutionally mandated (25th Amendment) term limit on the President and the chance of a true dictatorship is very, very small.

These are challenging economic times. Probably the most challenging in at least 70 years. But, leading to anarchy? Not a chance. Collapse of the economy? That one is a non-starter too.

But, if you think that is a real possibility you should dump all of your assets now, convert to cash and then convert that cash to something more stable. Gold? Well, the problem with gold that would help in that situation is transport, storage and security from theft or seizure.

BTW, if you really do think we are on the verge of collapse and want to dump your assets ... I am more than happy to discuss any real estate or other hard assets you want to unload at bargain basement prices. After all, if you believe we are on the verge of collapse, they will be worthless then any way, right? Might as well get something out of them now.

Originally posted by Lee Common:

Is that possible could the American people bring a class action lawsuit agaist congress for negligence?

Nope.

Now is exactly the wrong time to liquidate stock holdings unless you are forced to do so. You are selling very near the bottom. A couple of years from now you will be kicking yourself if you sell out now.

Originally posted by Tim Wieneke:

You're suing Chris Dodd? I'm in.

Hey, add Barney Frank to the list of defendants and I'm in!