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carolina cutie 
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 Posted: Jan 10 2013 at 6:38pm |
 ms_wonderland wrote:
i think it was best for him to pay off the debt now rather than take on an investment, even if he qualified to do it. now he can do whatever he wants since we know he's capable of being manorexic to get it. |
Noooo.   Tbh, I read an article telling folk very similar info (not eating moldy food tho lol) about living on or about the same budget after you get out of school and land a job. That way you can pay off debts, save, etc.
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PurpleHaze
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Posted: Jan 10 2013 at 6:59pm |
ThoughtCouture wrote:
maysay1 wrote:
He could have eaten beans and rice with frozen veggies (and some cheap non-expired meat now and again) and spent less money while never going to bed hungry.
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pretty much and ensures are not cheap either... |
I used to drink these for wt gain. I was shocked at how expensive they were since they are marketed to people on fixed incomes.
Edited by PurpleHaze - Jan 10 2013 at 7:00pm
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pattigurlatl
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Posted: Jan 10 2013 at 7:04pm |
This is ridiculous on all kinds of levels. The U-verse bill is only for a limited time and it goes up to full price afterwards.
And eating rotten meat, seriously? Yes put your health in jeopardy for financial gain. Whether you're a dumb football player trying to win the playoffs on an injury or a poor young guy trying to make it in journalism, you're a dummy.
I see he didn't mention medical benefits.
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EPITOME
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Posted: Jan 10 2013 at 7:05pm |
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how dreadful
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dreamz
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Posted: Jan 10 2013 at 7:24pm |
SamoneLenior wrote:
how many properties with $26k?
school me
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1 multiple unit apt building or 2 single family homes, all foreclosures of course.
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dreamz
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Posted: Jan 10 2013 at 7:25pm |
Bunnyahh wrote:
bebe88 wrote:
Could have used that money to put down on multiple investment properties with owner finance, could have had about 10-20k in monthly income thanks to those properties...then would have been able to pay that debt off anyway.
He ain't bout that life though, typical working class mindset. |
easier said than done. idk who will sell property to a man with a lot of debt that is making peanuts tho |
if he can save that kind of money, he can save for 7 months and buy an investment property for cash.
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dreamz
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Posted: Jan 10 2013 at 7:31pm |
SamoneLenior wrote:
no credit checks, in this day and age? really?
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that is extremely rare and ill advised. get a broker specializing in foreclosure. tell her what you're working with and that you want the best bang for your buck. she'll tell you who will more than likely finance you and help you find as many properties as will fit into your financing. our last rental purchase, we purchased three 3-4 bedroom homes for a $21k mortgage. property taxes and insurance are built in. since we don't mind section 8 (pays on time, errtime) the homes rent between $850-1100. this is the time to funnel your money properly into a future where you can sit on your ass and annoy bhm if you so choose by the time you're 41.
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EPITOME
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Posted: Jan 10 2013 at 7:34pm |
dreamz wrote:
SamoneLenior wrote:
no credit checks, in this day and age? really?
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that is extremely rare and ill advised.
get a broker specializing in foreclosure. tell her what you're working with and that you want the best bang for your buck. she'll tell you who will more than likely finance you and help you find as many properties as will fit into your financing. our last rental purchase, we purchased three 3-4 bedroom homes for a $21k mortgage. property taxes and insurance are built in. since we don't mind section 8 (pays on time, errtime) the homes rent between $850-1100.
this is the time to funnel your money properly into a future where you can sit on your ass and annoy bhm if you so choose by the time you're 41.
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i didn't know there were brokers for foreclosures.
my parents are thinking about buying this apartment complex w/one or 2 other people. it is expensive though
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carolina cutie
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Posted: Jan 10 2013 at 7:40pm |
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*Takes note because I want to sit on my ass all day and annoy my future kiddies lol*
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dreamz
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Posted: Jan 10 2013 at 7:55pm |
EPITOME wrote:
dreamz wrote:
SamoneLenior wrote:
no credit checks, in this day and age? really?
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that is extremely rare and ill advised.
get a broker specializing in foreclosure. tell her what you're working with and that you want the best bang for your buck. she'll tell you who will more than likely finance you and help you find as many properties as will fit into your financing. our last rental purchase, we purchased three 3-4 bedroom homes for a $21k mortgage. property taxes and insurance are built in. since we don't mind section 8 (pays on time, errtime) the homes rent between $850-1100.
this is the time to funnel your money properly into a future where you can sit on your ass and annoy bhm if you so choose by the time you're 41.
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i didn't know there were brokers for foreclosures.
my parents are thinking about buying this apartment complex w/one or 2 other people. it is expensive though |
yes. especially in lower-income areas. and after you get in close with them, they will give you a pre-listing heads up on properties that meet your buying profile. a lot of banks will list their foreclosures with a certain few realty offices, and those offices will have brokers who deal almost exclusively with those types of properties. apartment complexes are a lot of work and a lot of headache though. i would love to get rid of our three but the roi is too good. we also bought them as foreclosures maybe 12 years ago. i've been keeping my eye on one in the next state right now lol.
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