ouch $9,800/month negative cash flow

[justbought]

cash out and go bankrupt

[justbought]

cash out and go bankrupt

[jimmyle]

My wife’s coworker and his realtor wife refinanced their house and bought three new houses in 2005 (two in Chula Vista and one in Temecula). This guy retired from the Navy civilian job in 2006. Now he is back to work as a temperary employee for the Navy (while receiving his pension) to keep up with the four mortgages.

[jimmyle]

My wife’s coworker and his realtor wife refinanced their house and bought three new houses in 2005 (two in Chula Vista and one in Temecula). This guy retired from the Navy civilian job in 2006. Now he is back to work as a temperary employee for the Navy (while receiving his pension) to keep up with the four mortgages.

[jimmyle]

My wife’s coworker and his realtor wife refinanced their house and bought three new houses in 2005 (two in Chula Vista and one in Temecula). This guy retired from the Navy civilian job in 2006. Now he is back to work as a temperary employee for the Navy (while receiving his pension) to keep up with the four mortgages.

[jimmyle]

My wife’s coworker and his realtor wife refinanced their house and bought three new houses in 2005 (two in Chula Vista and one in Temecula). This guy retired from the Navy civilian job in 2006. Now he is back to work as a temperary employee for the Navy (while receiving his pension) to keep up with the four mortgages.

[Raybyrnes]

Why would you use anything other than CC? Money in the bank, he can make payments. He is buying time. Additionally as his credit is still good he can get good rates on the CC’s.

Worst case scenario is that he go BK and theis is forgiven.

Best case is that he rides it out and things turn in time for him to sell property at a profit and pay the cc off.

[Raybyrnes]

Why would you use anything other than CC? Money in the bank, he can make payments. He is buying time. Additionally as his credit is still good he can get good rates on the CC’s.

Worst case scenario is that he go BK and theis is forgiven.

Best case is that he rides it out and things turn in time for him to sell property at a profit and pay the cc off.

[Raybyrnes]

Why would you use anything other than CC? Money in the bank, he can make payments. He is buying time. Additionally as his credit is still good he can get good rates on the CC’s.

Worst case scenario is that he go BK and theis is forgiven.

Best case is that he rides it out and things turn in time for him to sell property at a profit and pay the cc off.

[Raybyrnes]

Why would you use anything other than CC? Money in the bank, he can make payments. He is buying time. Additionally as his credit is still good he can get good rates on the CC’s.

Worst case scenario is that he go BK and theis is forgiven.

Best case is that he rides it out and things turn in time for him to sell property at a profit and pay the cc off.

[lendingbubblecontinues]

Your friend sounds like a real dumbass.

[lendingbubblecontinues]

Your friend sounds like a real dumbass.

[lendingbubblecontinues]

Your friend sounds like a real dumbass.

[lendingbubblecontinues]

Your friend sounds like a real dumbass.

[surveyor]

Owwie

I would say that the day he gives up and starts selling his properties just to get rid of them is probably when you can call “bottom”.

[Author]

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