[Raybyrnes]

Rationalizing the fact that you don’t wnat to pay your rent and have spent money that your shouldn’t have doesn’t change things a bit. Additionlly rationalizing that your kids loive the place that you can’t afford doesn’t change things. To me it is a simple quesiton of people not paying there bills and being deadbeats.

The owner provided you housing that you ahve lived in. Pay you bills and stop being a loser. If these are habits that you are going to teach your kids how far are they goig to get.

A better example is sitting down with them on a sunday with the UNion tribune and the couplon section and training them to save.

Let the kids live in things you can afford and training them to take pride in what they have. As you savce and move up they will recognize all the hard work it took to get there. That is called being a parent.

I fill you in on something else. It doesn;t get easier. College will be here before you know it. You think the governemtn should foot the bill for that too. Keep the excuses coming.

[Raybyrnes]

Rationalizing the fact that you don’t wnat to pay your rent and have spent money that your shouldn’t have doesn’t change things a bit. Additionlly rationalizing that your kids loive the place that you can’t afford doesn’t change things. To me it is a simple quesiton of people not paying there bills and being deadbeats.

The owner provided you housing that you ahve lived in. Pay you bills and stop being a loser. If these are habits that you are going to teach your kids how far are they goig to get.

A better example is sitting down with them on a sunday with the UNion tribune and the couplon section and training them to save.

Let the kids live in things you can afford and training them to take pride in what they have. As you savce and move up they will recognize all the hard work it took to get there. That is called being a parent.

I fill you in on something else. It doesn;t get easier. College will be here before you know it. You think the governemtn should foot the bill for that too. Keep the excuses coming.

[Raybyrnes]

“To forum members, it gets worse for me. I did not pay rent for 2 months because I thought the senior lien would foreclose. The second mortgage holder (his mother)saved the loan 2 weeks before it was due to go to auction. Now I would have to pay the owner an extra $500 a month on top of the montly rent to stay to get caught up. I did not pay because I thought the house was going to foreclose. Now he wants me to pay the back 2 months rent. I used that money for bills (maybe I shouldn’t have) now I will be struggling if I stay here.”

So they want you to pay for housing that you lived in and agreed to pay rent on. If some one has gall itit you.

“I use the money to pay bills”
SO you wered over spending in the first place.

Here what you need to do. Hook up with a motgage broker and get yourself one of these nice negative amortizaiton loans. Do a 100% finance wiht interest only payments. Find yourself a realator who will help you stretch to find a house that you can sneak into. Lever there for a month and make no payments. I mean rent, morgage, responsibilities. WHat do you care. Somehow you feel you don’t have to pay.

[Raybyrnes]

“To forum members, it gets worse for me. I did not pay rent for 2 months because I thought the senior lien would foreclose. The second mortgage holder (his mother)saved the loan 2 weeks before it was due to go to auction. Now I would have to pay the owner an extra $500 a month on top of the montly rent to stay to get caught up. I did not pay because I thought the house was going to foreclose. Now he wants me to pay the back 2 months rent. I used that money for bills (maybe I shouldn’t have) now I will be struggling if I stay here.”

So they want you to pay for housing that you lived in and agreed to pay rent on. If some one has gall itit you.

“I use the money to pay bills”
SO you wered over spending in the first place.

Here what you need to do. Hook up with a motgage broker and get yourself one of these nice negative amortizaiton loans. Do a 100% finance wiht interest only payments. Find yourself a realator who will help you stretch to find a house that you can sneak into. Lever there for a month and make no payments. I mean rent, morgage, responsibilities. WHat do you care. Somehow you feel you don’t have to pay.

[Raybyrnes]

“To forum members, it gets worse for me. I did not pay rent for 2 months because I thought the senior lien would foreclose. The second mortgage holder (his mother)saved the loan 2 weeks before it was due to go to auction. Now I would have to pay the owner an extra $500 a month on top of the montly rent to stay to get caught up. I did not pay because I thought the house was going to foreclose. Now he wants me to pay the back 2 months rent. I used that money for bills (maybe I shouldn’t have) now I will be struggling if I stay here.”

So they want you to pay for housing that you lived in and agreed to pay rent on. If some one has gall itit you.

“I use the money to pay bills”
SO you wered over spending in the first place.

Here what you need to do. Hook up with a motgage broker and get yourself one of these nice negative amortizaiton loans. Do a 100% finance wiht interest only payments. Find yourself a realator who will help you stretch to find a house that you can sneak into. Lever there for a month and make no payments. I mean rent, morgage, responsibilities. WHat do you care. Somehow you feel you don’t have to pay.

[Raybyrnes]

break points

break points in essence are volume discounts. as aretail investor buying lets’s say 10k in a mutual fund you may pay .65 of 1% in a management fee. at 50 k the same identical fund might only run you .35 of one percent.

this holds true for load funds aswell. let’ look at the american funds. typically they carge 5.75% load on a shares of their funds. put a million bucks with them and they waive the load. there are disconts on your way to a million aswell.

why is this important. because if you begin to aggregate your invetments you can get to a million fairly quickly. 2 kids that you will pay for college 200k. a rollover ira from a company 150k. Some rebalancing in the IRA 100K. wifes rollover 150K. Now if you own real estate for a eriod of time and feel that there is a lot of dead equity in the home you can elect to pull this out and put it to work 300k.

All of audden you have the best money management team in the world managing a million dollars of your wealth for an annual cost of between 5 to 8 k a year. i would say that isn’t too bad a deal.

pay attention to the break points early. you want to stay with the a great family of funds. this gets more challenging to do later on because later you have to deal with tax consequences if you are trying to sell to reach these break points.

[Raybyrnes]

break points

break points in essence are volume discounts. as aretail investor buying lets’s say 10k in a mutual fund you may pay .65 of 1% in a management fee. at 50 k the same identical fund might only run you .35 of one percent.

this holds true for load funds aswell. let’ look at the american funds. typically they carge 5.75% load on a shares of their funds. put a million bucks with them and they waive the load. there are disconts on your way to a million aswell.

why is this important. because if you begin to aggregate your invetments you can get to a million fairly quickly. 2 kids that you will pay for college 200k. a rollover ira from a company 150k. Some rebalancing in the IRA 100K. wifes rollover 150K. Now if you own real estate for a eriod of time and feel that there is a lot of dead equity in the home you can elect to pull this out and put it to work 300k.

All of audden you have the best money management team in the world managing a million dollars of your wealth for an annual cost of between 5 to 8 k a year. i would say that isn’t too bad a deal.

pay attention to the break points early. you want to stay with the a great family of funds. this gets more challenging to do later on because later you have to deal with tax consequences if you are trying to sell to reach these break points.

[Raybyrnes]

break points

break points in essence are volume discounts. as aretail investor buying lets’s say 10k in a mutual fund you may pay .65 of 1% in a management fee. at 50 k the same identical fund might only run you .35 of one percent.

this holds true for load funds aswell. let’ look at the american funds. typically they carge 5.75% load on a shares of their funds. put a million bucks with them and they waive the load. there are disconts on your way to a million aswell.

why is this important. because if you begin to aggregate your invetments you can get to a million fairly quickly. 2 kids that you will pay for college 200k. a rollover ira from a company 150k. Some rebalancing in the IRA 100K. wifes rollover 150K. Now if you own real estate for a eriod of time and feel that there is a lot of dead equity in the home you can elect to pull this out and put it to work 300k.

All of audden you have the best money management team in the world managing a million dollars of your wealth for an annual cost of between 5 to 8 k a year. i would say that isn’t too bad a deal.

pay attention to the break points early. you want to stay with the a great family of funds. this gets more challenging to do later on because later you have to deal with tax consequences if you are trying to sell to reach these break points.

[Raybyrnes]

Unfortunately the construction aspects are only going to appeal to a small amount of borrowers who actually understand this and what is realator going to say “and in the event of a wild fire we have great construction.” It certainly would be value add but people are going to focus on price, HOA, Tax rates, aesthetics. Nice landscaping sells more than great fire resistant structures. It is also much easier to put you mind around when buying a place.

How many people ask about new electrical or new plumbing when looking at Condo Conversion. Most of the time they are facinated with granite countertops, double sinks and hardwood floors.

I am not a bitter renter. But you better beleive I kick myself for not trying to buy back in 2000. hind sight is always 20/20. Then I remind myself that I just didn’t have the money or job history. I also didn’t really understand real estate or financing 7 years ago.

[Raybyrnes]

Unfortunately the construction aspects are only going to appeal to a small amount of borrowers who actually understand this and what is realator going to say “and in the event of a wild fire we have great construction.” It certainly would be value add but people are going to focus on price, HOA, Tax rates, aesthetics. Nice landscaping sells more than great fire resistant structures. It is also much easier to put you mind around when buying a place.

How many people ask about new electrical or new plumbing when looking at Condo Conversion. Most of the time they are facinated with granite countertops, double sinks and hardwood floors.

I am not a bitter renter. But you better beleive I kick myself for not trying to buy back in 2000. hind sight is always 20/20. Then I remind myself that I just didn’t have the money or job history. I also didn’t really understand real estate or financing 7 years ago.

[Raybyrnes]

Unfortunately the construction aspects are only going to appeal to a small amount of borrowers who actually understand this and what is realator going to say “and in the event of a wild fire we have great construction.” It certainly would be value add but people are going to focus on price, HOA, Tax rates, aesthetics. Nice landscaping sells more than great fire resistant structures. It is also much easier to put you mind around when buying a place.

How many people ask about new electrical or new plumbing when looking at Condo Conversion. Most of the time they are facinated with granite countertops, double sinks and hardwood floors.

I am not a bitter renter. But you better beleive I kick myself for not trying to buy back in 2000. hind sight is always 20/20. Then I remind myself that I just didn’t have the money or job history. I also didn’t really understand real estate or financing 7 years ago.

[Raybyrnes]

Your playing with 60K. Many mutual fund companies start to offer break points at 50K. Wonder how you would do if you picked a good solid index mutual funds and just dollar cost averaged into it for the next 3 to 5 years. Wonder how this would compare to your timing. It may be fairly boring but over the long haul it has proven to beat 90% of the market timers. Your a math guy, probability says your system is going to work against you.

[Raybyrnes]

Your playing with 60K. Many mutual fund companies start to offer break points at 50K. Wonder how you would do if you picked a good solid index mutual funds and just dollar cost averaged into it for the next 3 to 5 years. Wonder how this would compare to your timing. It may be fairly boring but over the long haul it has proven to beat 90% of the market timers. Your a math guy, probability says your system is going to work against you.

[Raybyrnes]

Your playing with 60K. Many mutual fund companies start to offer break points at 50K. Wonder how you would do if you picked a good solid index mutual funds and just dollar cost averaged into it for the next 3 to 5 years. Wonder how this would compare to your timing. It may be fairly boring but over the long haul it has proven to beat 90% of the market timers. Your a math guy, probability says your system is going to work against you.

[Raybyrnes]

Algebra is easier when you plug in some numbers. Use some simple numbers and you can work this out yourself.

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