All Forum Posts by: RICARDO RUIZ

That's the way I would deal with the pool..I would use water and a dirt compressor after you add the dirt a couple times so the dirt does not settle. Then add a couple inches of topsoil..But of course I am not a contractor/landscape professional.

Rick

R.N

Check the county assessors web site....

I believe that I saw a link in the L.A County web site for a application if you believe your property is worth less than its assessed value....Your county may have something similar

Its still very hard to find anything in So. Cal. that will cash flow...I hope something happens over here... I am on of those guys that would die if I had to pay a guy 45 dollars just to drive out and then charge again to unclog the drain.

Thank you...When he said that it just didn't make any sense :crazed: .

It's kind of funny because I've told people/co-workers about this site but it seems like they don't even want to look at it. :goofy:

I am a conservative (not a republican). Republicans are now liberals and liberals are socialists. It makes me sick. I agree, Bush has done a TERRIBLE job with this bailout and with entitlements. What ever happened to freedom, including the right to fail?

Mike

:clap: :clap: :woohoo: :clap: :clap:

I was told by a co-worker that banks would not look at my personal home when financing rental units? And that banks make rental financing decisions based how much cash flow the rentals will produce. This does not make sense to me because I would think that the bank would go after me personally and any assets I have if I where to default on a loan that I received for rental units.

I assume this why people put rentals/properties under corporations or LLC? So your personal assets are protected ? Do LLC's protect against loan defaults as well as slip and fall type law suites ?

Thanks
Rick

Mike the plan was never to develop a large real estate business the plan is to own a couple nearby rentals with smallest mortgages and low expenses therefore yielding as much + cash flow as possible..Therefore my work pension + investments + real estate cash flow will provide a good retirement monthly income...To be honest I have a pretty kick back stress free R.N job that pays a little over 6 figures with full medical benefits for me and my family not to mention life time medical insurance for me and my spouse when I reach 25 years of service.

One reason why I thought of paying off the mortgage is that it frees up my mortgage payment then that $$ can then be used for investing. It can be extra money that may be used in a emergency when something happens with a rental property like a vacancy. large repair, etc ... I guess just extra $$ in case something goes bad...

I am just curious....I do understand what you mean...I guess its more of a personal investment as oppossed to a financial investment...I do sleep better at night though and the mortgage/rent money is freed up so I can make other investments...Ideally I should have bought a couple homes here in Ca. several years ago and I would have had alot of equity which I could have leveraged..I need to get myself a crystal ball :woohoo:

1.

I am curious how many of you guys own your own home? I ask because my focus for the past several years has been paying off the mortgage. Now that I can see the light at the end of the tunnel I can feel comfortable owning rentals.

2.

If I pay off my house and have no mortgage payment isn't that + cash since I no longer have to pay for a place to live and I can pocket or re-invest the money?

Rick