[quote=AN][quote=squat250]i also did that 0% credit card arbitrage game for years. had about 40,000 at any given time. wasn’t a lot of money but itwas a nice little bonus. once you had your system set up it was no workat all. would’ve been awesome to have 400,000 in credit to work with…[/quote]
My numbers was around $40-50k too. You’re right, it wasn’t huge, but that $2k a year “bonus” is great for paying for a nice family trip, all for 0% risk. Like you said, once you did it once, it really only takes like 5 minutes to do it again. I’m definitely shooting for the moon if the bank loosen up again. $400k-500k would be awesome.[/quote]
I think more appropriately moving forward will do a maximum cash out refinance, and tuck that money into a tax sheltered/deferred account…
That’s what rich people do…They don’t realize capital gains if they can avoid it during a tax unfriendly year(s). They ask the bank for a loan, use the loan instead of realizing capital gains now, and then use the loan for reinvestment. Look at what Facebook founder is doing to pay for his pad. He’s taking out a cheap loan….
I hope I’m right and we see the stock market tanks all the way until the end of the year… I hope we have falling rates, and I hope that this down market wipes out the investment spirit during the first quarter of 2013, so that we can get some decent inventory locally again for the first quarter in 2013……..
