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30 January 2018 | 112 replies
In a 3 month period of time [1] I came out of the closet with being Autistics [2] we bought and moved into a travel trailer because we had spent all of our money, and I was naive enough to tell everyone that we were now poor but so blessed and did not care because we now lived near our wonderful friends in the mountains [3] I was diagnosed with breast cancer and had a double mastectomy [4] swiftly bloated up 30 pounds, developed lizard skin, hair loss and was no longer cute and young looking for my age [5] meds made me cry over anything and seemed to suck out all my brain cells [chemo brain is real]But this was all okay, because I had the support of all of my wonderful friends, right?
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12 January 2015 | 13 replies
It was declared a total loss and we got a check and used to money to rebuild the house.
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5 January 2015 | 27 replies
This will mean your overall numbers will be: a - Income from Cash Flow = $6,000 b - Income from Option Consideration = $3,000 c - TOTAL income = $9,000 d - Cost to buy = $10,000 e - CAPEX = $10,000 f - TOTAL Cost = $20,000 g - NET Profit/Loss = (-$11,000)3 - After 5 years, your tenant/buyer doesn't qualify, and you are $11,000 in the whole on a house that you don't want to hold long term.So, now that I've ruined your night (or not), here is what I would do if this was my house.
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8 January 2015 | 2 replies
., what you paid for the property when you first purchased it), plus amounts paid for capital improvements, less any depreciation and casualty losses claimed for tax purposes.
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12 January 2015 | 16 replies
I've been taking that to the bank for 19 years now.My potential loss is very small, my unknowns are large, and the potential ROI is huge.Isn't that a recipe for 'go ahead and try" ?
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10 January 2015 | 13 replies
You will have a "loss" and you won't know when.
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11 January 2015 | 5 replies
No fake TV drama, and real profit/loss figures.
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11 January 2015 | 8 replies
Having non-liquid assets means pledging the assets, this is not a DIY thing for you to try to do, get a corporate attorney, familiar with subsidiary and affiliate entities.You have a lot of bases to cover in the Operating Agreement, buy-sell agreement, removal of officers/members, pledged assets, accounting of profits, hold harmless between members, insurance loss proceeds, cut-off amounts for disbursing funds and creating liabilities......have your attorney address these as well as other aspects.
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11 January 2015 | 5 replies
All or nothing is not a good strategy, if you get no support at 100% ownership it's no loss to give 50% away.
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14 January 2015 | 3 replies
It's not analysis paralysis you are describing... that generally comes from unknowns (i.e. am I budgeting enough for repairs/vacancies/etc)... the unknowns leave the analysis incomplete and ultimately result in an inability to move forward do to fear.Numbers are numbers, you can only analyze them once... 5 + 5 = 10 and it's impossible to be paralyzed by that analysis.What you're describing is an inability to create a weighted decision process.