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I hope there is hell to pay. I own rentals but was lucky that I didn't have to deal with any of this bullshit.

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Originally Posted by 16penny
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
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Originally Posted by deflave
Originally Posted by Fubarski
Finger art, is a dish best served cold.


Remember he said hurtful things about you and embraced The Duck O Douche?

LOL


I thought that was hilarious good fun.

Except the sycamore part.

I'll carry that to my grave.

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Originally Posted by Fubarski

I thought that was hilarious good fun.

Except the sycamore part.

I'll carry that to my grave.


Yea, that was over the line.


Originally Posted by 16penny
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
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Originally Posted by RandyR
I do not currently have rentals as we sold them a few years ago and want to buy again when prices come down. The banks can't be suspending mortgage payments are they or tacking them onto the bank end of the note? We terminated a guy last spring that was 11k behind on rent because he was scared of Covid he said ( Biden voter , imagine that! ).






Randy, sorry. I did not see your post earlier (at bottom of the 1st page).

To answer your question. Yes... in a way. The banks instituted forbearance agreements.. with strings attached, whereby partial payments could be made or payments were tacked onto the back end of the loan. In other words, you're still paying. They didn't forgive YOUR debt. smile

They didn't really want to do it, but I believe the Feds forced them into it.. possibly attaching strings to any assistance down the road. I don't know. We'll probably never know about the Wall Street side deals.

I set up forbearance on all of my rental properties where I could, as an insurance policy of sorts, in case I had a bunch of tenants start saying they couldn't pay because of Covid. They denied me on one loan because it wasn't FHA / Fannie Mae. No big deal.

It has not been easy. Several tried to play the Covid card based on all the marxist bulshit being spewed on rap radio around here, but I reminded them that I knew and had records of where they worked and they would have to present income docs on any eviction I filed against them, as well as validate need on any Covid relief assistance. This, after I suspended all late fees last March-April and sent them all a letter saying they could pay their rent in 3-4 payments throughout the month. Imagine that. Tenants don't GAS if you go broke. smile


Now here's the funny kicker, if you can laugh at this kind of joke.

TO THIS DAY, I NEVER MISSED A SINGLE PAYMENT. And now, the banks are sending out letters to me saying since you've not missed any payments over the last 3 month period, you are obviously "OK", so we are suspending your forbearance agreement. smile

Banks protected. Tenants protected. Private property owners -> NOT.

These .gov and bank fuggers never cease to amuse.

LOL.


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Originally Posted by local_dirt
They didn't really want to do it, but I believe the Feds forced them into it..


Which Feds and are those the ones you will be suing?

You guys who run businesses on (((loans))) are always good for a laugh. On no I got Jewed again, why does this keep happening to me?

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Originally Posted by Stickfight
Originally Posted by local_dirt
They didn't really want to do it, but I believe the Feds forced them into it..


Which Feds and are those the ones you will be suing?

You guys who run businesses on (((loans))) are always good for a laugh. On no I got Jewed again, why does this keep happening to me?






1. The CDC, genius. You obviously are not keeping up. Either disinterested because you don't own any personal property or uneducated because you're too lazy.

2. And they're mortgages. The strategy is called leverage. But it's obvious you'll never get it.

You really do not have a clue on the subject and your intent is clearly to defile and derail.

I'll not waste any more time trying to educate you. Please, continue to be a dumbass the rest of your life. I'll not get in your way again.


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Being leveraged is about the only way to make money on rentals in this market. I was In a good position on 4 rentals a few years ago but became obsessed with getting out of debt and sold most of them. I wish I would have waited until now because they have nearly doubled in value the last few years.

As of now I have 1 rental left and it's almost paid off. It rents for $1200 a month and property tax and insurance are about $360 of that. I had an offer on it for $285,000 so I'm really only netting around 3% on my money and often wonder if it's worth that. If I leveraged that equity to put 20% down on 3-4 more properties I'd net much more but my risk and hassle would increase.

I thought about doing a 1031 exchange into a 4 plex and increasing my leverage to make more on my money. If I outright sell my rental and try to invest in something else I'll get killed in taxes. So I just keep getting my lowly $1200 month and being happy that my renters pay. It's hard to make any real money playing it safe.

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Originally Posted by kingston
[Linked Image from i.postimg.cc]


As if baking isn’t gay enough you have to draw cock on every bite?

No wonder you and Sycamore get along.

LOL


Originally Posted by Geno67
Trump being classless,tasteless and clueless as usual.
Originally Posted by Judman
Sorry, trump is a no tax payin pile of shiit.
Originally Posted by KSMITH
My young wife decided to play the field and had moved several dudes into my house
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Originally Posted by deflave
Originally Posted by kingston
[Linked Image from i.postimg.cc]


As if baking isn’t gay enough you have to draw cock on every bite?

No wonder you and Sycamore get along.

LOL


That's ice cream you retard.


Originally Posted by 16penny
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
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Yes. Considered that an unlawful taking from the beginning. Feds could have offered to pay, but that would have been stupid as well.


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Originally Posted by local_dirt
2. And they're mortgages. The strategy is called leverage.


A mortgage isn't a (((loan)))? News to me, but of course I don't have any. Plenty of properties, no (((loans))), because I am loathe to give others a cut of my labor least of all a Jew.

They tried to teach me about (((debt leverage))) in school but I knew better so I bailed.

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Originally Posted by Springcove
Originally Posted by local_dirt
Originally Posted by Springcove
You get screwed at least twice. No rental income and then have to pay to evict. Hell yes I would sue them. I’m sure there will more than one class action law suit





You're all over it.. and correct, springcove.



If people had any idea of what it’s like to evict a tenant under normal circumstances they would keep their mouths shut. It can take months sometimes more. So you as an owner are not getting paid rent but have to pay court costs and attorneys fees if your not doing the eviction yourself. But then you still have to pay someone to prepare the documents. These freeloaders need their asses kicked to the curb.


Agreed!!! Landlord tenant law/act is completely and ridiculously in favor of the tenant!!


I sure could go for some $2.50/gal gas and a mean tweet!

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Originally Posted by Stickfight
Originally Posted by local_dirt
2. And they're mortgages. The strategy is called leverage.


A mortgage isn't a (((loan)))? News to me, but of course I don't have any. Plenty of properties, no (((loans))), because I am loathe to give others a cut of my labor least of all a Jew.

They tried to teach me about (((debt leverage))) in school but I knew better so I bailed.





And you're an astronaut in your spare time.. You and Jeffy.

Phugkin phony.


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Rehabilitation is way overrated.

Orwell wasn't wrong.

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Originally Posted by local_dirt
And you're an astronaut in your spare time


From as far behind me as you are it probably does look that way.

Go see Mr Shekelstein so you can buy "yourself" another double to pull together the scratch to sue the CDC.

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Originally Posted by Stickfight
Originally Posted by local_dirt
And you're an astronaut in your spare time


From as far behind me as you are it probably does look that way.

Go see Mr Shekelstein so you can buy "yourself" another double to pull together the scratch to sue the CDC.





Don't give a fugk where you are or what you're doing.

I do what I want, when I want, where I want, with whom I want. Dumb fugks like you wouldn't understand that.

Now go FOAD and stick your cock holster face on some other thread.


Slaves get what they need. Free men get what they want.

Rehabilitation is way overrated.

Orwell wasn't wrong.

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Originally Posted by local_dirt
I do what I want, when I want


What sort of timeline are you looking at for the CDC lawsuit?

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Originally Posted by local_dirt
Originally Posted by Stickfight
Originally Posted by local_dirt
And you're an astronaut in your spare time


From as far behind me as you are it probably does look that way.

Go see Mr Shekelstein so you can buy "yourself" another double to pull together the scratch to sue the CDC.





Don't give a fugk where you are or what you're doing.

I do what I want, when I want, where I want, with whom I want. Dumb fugks like you wouldn't understand that.

Now go FOAD and stick your cock holster face on some other thread.


Sir,

He’s a dick weasel, too.


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Originally Posted by BobBrown
Originally Posted by local_dirt
Originally Posted by Stickfight
Originally Posted by local_dirt
And you're an astronaut in your spare time


From as far behind me as you are it probably does look that way.

Go see Mr Shekelstein so you can buy "yourself" another double to pull together the scratch to sue the CDC.





Don't give a fugk where you are or what you're doing.

I do what I want, when I want, where I want, with whom I want. Dumb fugks like you wouldn't understand that.

Now go FOAD and stick your cock holster face on some other thread.


Sir,

He’s a dick weasel, too.





I hear you, BB.

It totally befuddles me how some people can be members here and never have it in them to at least contribute something positive once in a while.


Slaves get what they need. Free men get what they want.

Rehabilitation is way overrated.

Orwell wasn't wrong.

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Originally Posted by Burleyboy
Being leveraged is about the only way to make money on rentals in this market. I was In a good position on 4 rentals a few years ago but became obsessed with getting out of debt and sold most of them. I wish I would have waited until now because they have nearly doubled in value the last few years.

As of now I have 1 rental left and it's almost paid off. It rents for $1200 a month and property tax and insurance are about $360 of that. I had an offer on it for $285,000 so I'm really only netting around 3% on my money and often wonder if it's worth that. If I leveraged that equity to put 20% down on 3-4 more properties I'd net much more but my risk and hassle would increase.

I thought about doing a 1031 exchange into a 4 plex and increasing my leverage to make more on my money. If I outright sell my rental and try to invest in something else I'll get killed in taxes. So I just keep getting my lowly $1200 month and being happy that my renters pay. It's hard to make any real money playing it safe.

Bb


You might want to look into the 1031. I was told the current administration was trying to do away with them and I am not sure on the status. There are so many jobs available here it's crazy, kids don't want to get off the couch for $20 a hour .


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