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Joined: Mar 2020
Posts: 3,831
Campfire Tracker
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Campfire Tracker
Joined: Mar 2020
Posts: 3,831 |
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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Joined: Jan 2010
Posts: 32,130
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 |
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
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Joined: Oct 2009
Posts: 12,479
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2009
Posts: 12,479 |
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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Joined: Jan 2010
Posts: 32,130
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 |
I thought that was hilarious good fun.
Except the sycamore part.
I'll carry that to my grave.
Yea, that was over the line.
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
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Joined: Dec 2013
Posts: 44,222
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Dec 2013
Posts: 44,222 |
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. 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. 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. Banks protected. Tenants protected. Private property owners -> NOT. These .gov and bank fuggers never cease to amuse. LOL.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Oct 2010
Posts: 7,682
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
Posts: 7,682 |
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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Joined: Dec 2013
Posts: 44,222
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Dec 2013
Posts: 44,222 |
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.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Nov 2004
Posts: 9,995
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2004
Posts: 9,995 |
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
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Joined: Aug 2007
Posts: 115,424
Campfire Sage
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Campfire Sage
Joined: Aug 2007
Posts: 115,424 |
As if baking isn’t gay enough you have to draw cock on every bite? No wonder you and Sycamore get along. LOL
Trump being classless,tasteless and clueless as usual. Sorry, trump is a no tax payin pile of shiit. My young wife decided to play the field and had moved several dudes into my house
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Joined: Jan 2010
Posts: 32,130
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 |
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.
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
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Joined: Jan 2001
Posts: 29,837
Campfire Ranger
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Campfire Ranger
Joined: Jan 2001
Posts: 29,837 |
Yes. Considered that an unlawful taking from the beginning. Feds could have offered to pay, but that would have been stupid as well.
1Minute
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Joined: Oct 2010
Posts: 7,682
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
Posts: 7,682 |
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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Joined: Aug 2010
Posts: 1,555
Campfire Regular
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Campfire Regular
Joined: Aug 2010
Posts: 1,555 |
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!
NRA Benefactor member, disgruntled. Life member: Firearms Owners Against Crime. Life member: GOA Member: RMEF
TRUMP 2020
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Joined: Dec 2013
Posts: 44,222
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Dec 2013
Posts: 44,222 |
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.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Oct 2010
Posts: 7,682
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
Posts: 7,682 |
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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Joined: Dec 2013
Posts: 44,222
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Dec 2013
Posts: 44,222 |
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. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Oct 2010
Posts: 7,682
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
Posts: 7,682 |
I do what I want, when I want
What sort of timeline are you looking at for the CDC lawsuit?
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Joined: Jun 2020
Posts: 10,840
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2020
Posts: 10,840 |
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.
FUGK CCP
It’s time to WAKE UP GOD BLESS THE USA WWG1WGA THERE ARE NO COINCIDENCES
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Joined: Dec 2013
Posts: 44,222
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Dec 2013
Posts: 44,222 |
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. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Nov 2008
Posts: 1,650
Campfire Regular
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Campfire Regular
Joined: Nov 2008
Posts: 1,650 |
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 .
"Jerry is dead, Phish suck time to get a job "
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