[NotCranky]

I had an FHA loan because that is what the broker got me :).
Also many moons ago. I had a 5.85 fixed rate because BOA had been Redlining the ghetto I bought in and was forced to give a discount. An FHA inspector gave some superficial look at it. I fixed a few things for him because it was a REPO and no one else was going to do it.I was repairing it while it was still in escrow the appraiser came and I told him it was worth 20% more than I paid for it so I didn’t pay PMI. I moved in and was paying about 60% of market rent. Yes those were the good old days TG. Sold that house for a decent profit to an FHA buyer but told the buyers agent to increase the offer for the added expenses. The house quadrupled in the 8 years after I sold it. Made very nice house cleaning lady relatively wealthy though, so that was good.

[NotCranky]

Thanks I should not be so fiesty either. What I am doing is legit. I am not going to read the fine print to understand the time frame they want me to average my income, but if I do it for a few years it is no problem. I am a “consumer”, too stupid to understand loan documents anyway. This way I have the lifestyle I want.It is a loop hole in a worst case scenario. Why should the ultra rich have all fun while they run us into the ground…if we are not smart? I just want to be sure I have something constructive to do and hopefully a retirement source that some pension fund manager can’t give away that I can pass on to my kids, charity or both.

[NotCranky]

Thanks I should not be so fiesty either. What I am doing is legit. I am not going to read the fine print to understand the time frame they want me to average my income, but if I do it for a few years it is no problem. I am a “consumer”, too stupid to understand loan documents anyway. This way I have the lifestyle I want.It is a loop hole in a worst case scenario. Why should the ultra rich have all fun while they run us into the ground…if we are not smart? I just want to be sure I have something constructive to do and hopefully a retirement source that some pension fund manager can’t give away that I can pass on to my kids, charity or both.

[NotCranky]

Thanks I should not be so fiesty either. What I am doing is legit. I am not going to read the fine print to understand the time frame they want me to average my income, but if I do it for a few years it is no problem. I am a “consumer”, too stupid to understand loan documents anyway. This way I have the lifestyle I want.It is a loop hole in a worst case scenario. Why should the ultra rich have all fun while they run us into the ground…if we are not smart? I just want to be sure I have something constructive to do and hopefully a retirement source that some pension fund manager can’t give away that I can pass on to my kids, charity or both.

[NotCranky]

Thanks I should not be so fiesty either. What I am doing is legit. I am not going to read the fine print to understand the time frame they want me to average my income, but if I do it for a few years it is no problem. I am a “consumer”, too stupid to understand loan documents anyway. This way I have the lifestyle I want.It is a loop hole in a worst case scenario. Why should the ultra rich have all fun while they run us into the ground…if we are not smart? I just want to be sure I have something constructive to do and hopefully a retirement source that some pension fund manager can’t give away that I can pass on to my kids, charity or both.

[NotCranky]

Thanks I should not be so fiesty either. What I am doing is legit. I am not going to read the fine print to understand the time frame they want me to average my income, but if I do it for a few years it is no problem. I am a “consumer”, too stupid to understand loan documents anyway. This way I have the lifestyle I want.It is a loop hole in a worst case scenario. Why should the ultra rich have all fun while they run us into the ground…if we are not smart? I just want to be sure I have something constructive to do and hopefully a retirement source that some pension fund manager can’t give away that I can pass on to my kids, charity or both.

[NotCranky]

I posted that on this old thread of 4-plex’s because we had an exchange on a very good thread someone else started and I tried to find a way not to risk hi-jacking it. It really wasn’t a link it was an article I cut and pasted but I think 4-plex would know what I am saying.

[NotCranky]

I posted that on this old thread of 4-plex’s because we had an exchange on a very good thread someone else started and I tried to find a way not to risk hi-jacking it. It really wasn’t a link it was an article I cut and pasted but I think 4-plex would know what I am saying.

[NotCranky]

I posted that on this old thread of 4-plex’s because we had an exchange on a very good thread someone else started and I tried to find a way not to risk hi-jacking it. It really wasn’t a link it was an article I cut and pasted but I think 4-plex would know what I am saying.

[NotCranky]

I posted that on this old thread of 4-plex’s because we had an exchange on a very good thread someone else started and I tried to find a way not to risk hi-jacking it. It really wasn’t a link it was an article I cut and pasted but I think 4-plex would know what I am saying.

[NotCranky]

I posted that on this old thread of 4-plex’s because we had an exchange on a very good thread someone else started and I tried to find a way not to risk hi-jacking it. It really wasn’t a link it was an article I cut and pasted but I think 4-plex would know what I am saying.

[NotCranky]

I’t doesn’t work that way so why should I look for principles. I am collecting personal assets through leverage of things I bought with income and assets which i sold and paid taxes for if applicable. When I need to pay I will pay. If I sell something I build I will pay.If I collect rents I will pay.Meanwhile since the mortgage is against and owner occuppied home, when I get it, it is tax deductible. I will use it when my wifes income and mine, outside of these projests requires it.Since we reproduced like rodents that isn’t likely. My tax guy asks me what I did and I tell him.
If I use that money to buy an RV do I pay taxes on it,hell no. So where is the “principles” problem with me putting it to good use? besides I hate working 9 to %. Many people here know and perhaps believe I quit selling RE in 2004. So I work to make a living until my principles allows me to sell RE, which is coming real soon. I got principle on top of my principle Patient.

Now please come back and say wow that’s cool Rus or tell me what I am doing wrong . Don’t jsut slink off because I feel dumped on when people do that. Finish what you started. I will take a lesson if you can teach me one.

[NotCranky]

I’t doesn’t work that way so why should I look for principles. I am collecting personal assets through leverage of things I bought with income and assets which i sold and paid taxes for if applicable. When I need to pay I will pay. If I sell something I build I will pay.If I collect rents I will pay.Meanwhile since the mortgage is against and owner occuppied home, when I get it, it is tax deductible. I will use it when my wifes income and mine, outside of these projests requires it.Since we reproduced like rodents that isn’t likely. My tax guy asks me what I did and I tell him.
If I use that money to buy an RV do I pay taxes on it,hell no. So where is the “principles” problem with me putting it to good use? besides I hate working 9 to %. Many people here know and perhaps believe I quit selling RE in 2004. So I work to make a living until my principles allows me to sell RE, which is coming real soon. I got principle on top of my principle Patient.

Now please come back and say wow that’s cool Rus or tell me what I am doing wrong . Don’t jsut slink off because I feel dumped on when people do that. Finish what you started. I will take a lesson if you can teach me one.

[NotCranky]

I’t doesn’t work that way so why should I look for principles. I am collecting personal assets through leverage of things I bought with income and assets which i sold and paid taxes for if applicable. When I need to pay I will pay. If I sell something I build I will pay.If I collect rents I will pay.Meanwhile since the mortgage is against and owner occuppied home, when I get it, it is tax deductible. I will use it when my wifes income and mine, outside of these projests requires it.Since we reproduced like rodents that isn’t likely. My tax guy asks me what I did and I tell him.
If I use that money to buy an RV do I pay taxes on it,hell no. So where is the “principles” problem with me putting it to good use? besides I hate working 9 to %. Many people here know and perhaps believe I quit selling RE in 2004. So I work to make a living until my principles allows me to sell RE, which is coming real soon. I got principle on top of my principle Patient.

Now please come back and say wow that’s cool Rus or tell me what I am doing wrong . Don’t jsut slink off because I feel dumped on when people do that. Finish what you started. I will take a lesson if you can teach me one.

[NotCranky]

I’t doesn’t work that way so why should I look for principles. I am collecting personal assets through leverage of things I bought with income and assets which i sold and paid taxes for if applicable. When I need to pay I will pay. If I sell something I build I will pay.If I collect rents I will pay.Meanwhile since the mortgage is against and owner occuppied home, when I get it, it is tax deductible. I will use it when my wifes income and mine, outside of these projests requires it.Since we reproduced like rodents that isn’t likely. My tax guy asks me what I did and I tell him.
If I use that money to buy an RV do I pay taxes on it,hell no. So where is the “principles” problem with me putting it to good use? besides I hate working 9 to %. Many people here know and perhaps believe I quit selling RE in 2004. So I work to make a living until my principles allows me to sell RE, which is coming real soon. I got principle on top of my principle Patient.

Now please come back and say wow that’s cool Rus or tell me what I am doing wrong . Don’t jsut slink off because I feel dumped on when people do that. Finish what you started. I will take a lesson if you can teach me one.

[Author]

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