jon's about to file for divorce

[maks]

cag and jon's marriage is more than on the rocks, it's on the skids. that's why cag is all mad at me, she thinks it's my fault somehow I guess because I called him a wife beater or something

[maks]

that's just a guess, she's retarded who can even predict where her mind is gonna go

[Wendy <3]

I thought its because he found out about her and stevey

[Desolation]

cag cybered steven?

[Wendy <3]

I thought they were e-dating for a long time

[juji]

Cag and Steffies, the most successful couple

[Cag.]

a thread full of unlovable, single men nearing their middle ages sepculate on a healthy, successful relationahip.. sonething they will nwver experiance or understand :(

[Desolation]

And me !!

[Cag.]

*sigh* and some cross dressing weirdo whose gimmick posted for over a decade.

[Wendy <3]

I hope he doesn't hit you avatar guy

[rubycalaber]

*sigh* and some cross dressing weirdo whose gimmick posted for over a decade.

when deso uses her strap-on on me that's not cross dressing ok

[Autistic Spectrum]

cag I'll be there to pick up the peices when Jon kicks you out of the house, you can live in my guesthouse and clean my main house

[maks]

a thread full of unlovable, single men nearing their middle ages sepculate on a healthy, successful relationahip.. sonething they will nwver experiance or understand :(

"speculation" apparently means posting things you told me yourself in private... also I have a date tonight so blow me.

[maks]

jon's got a p good lawyer and cag's got... waffle money, so she's probably not going to get shit and end up on the street or moving in with her grandparents

[maks]

someone start a divorced posters club, so far we got

m0nde
dp
cag
jon
rootbeer

[maks]

here ya go
http://www.gstatic.com/tv/thumb/movieposters/18485/p18485_p_v8_ak.jpg
cag's not as pretty as any of them but it'll probably still work

[Wendy <3]

someone start a divorced posters club, so far we got

m0nde
dp
cag
jon
rootbeer

Isn't that lady who just woke up divorced now

[Wendy <3]

Don't forget brenda

[maks]

Isn't that lady who just woke up divorced now

oh yeah I hear aber divorced the gay nigger association of america guy

[maks]

aber's cute she can be goldie hawn

[maks]

the first wives club starring abercrombie as goldie hawn, m0nde as bette midler and drunkpuppies as diane keeton

[juji]

Did Aber get divorce? Oh lol

[Cag.]

what could be more pathetic than referencing the first wives club? no wonder youre so deranged you actually sat thru that shit.

[maks]

it was the answer to one of the pre-preview trivia questions when I saw ant man the other night

[maks]

I showed up like 20 minutes early expecting to have to fight for seats cause it was opening night but the theater never went above half full, I hope it doesn't go out of business it's really convenient having one in southbury

[Cag.]

grown adults paying money to watch that guy from knocked up save the day as a tiny ant

[maks]

cag just because your world is falling apart doesn't mean other people aren't allowed to enjoy themselves. if you're that depressed see a goddamn shrink.

[timmy]

I showed up like 20 minutes early expecting to have to fight for seats cause it was opening night but the theater never went above half full, I hope it doesn't go out of business it's really convenient having one in southbury

Nettlix and onternet have ruined cinemas i can go to big cinemas in city here and its never full on first few nights

[timmy]

Like half households here have netflix, and "chill"

[maks]

really the ones in waterbury and north haven were always full the first 2 weeksneds for marvel movies I had to see the first avengers on tuesday of the 3rd week

[timmy]

Cag i sure hope jon didnt take you for your rape money. That would be very mean and bother me.

[juji]

Nettlix and onternet have ruined cinemas i can go to big cinemas in city here and its never full on first few nights

Unlikely, cinemas in english spoken country do not offer closed caption. I go to cinemas more than I watch netflix

[Cag.]

Cag i sure hope jon didnt take you for your rape money. That would be very mean and bother me.

jon makes a shitton of his own money lol im sure hes fine

[Autistic Spectrum]

you can always use more money no matter how much you make, and it's not like you worked very hard for that rape money you just sat there and took a drunken spic dik in your gilltered up stripper pus

[Cag.]

im making 2 dollars an hour right now doing shitty resteraunt work at 31 years old lmao

[Autistic Spectrum]

become an airline pilot or something

[maks]

jon's leaving her for a girl that's still young enough to strip

[Cag.]

i dont think jon is interested in teenagers

[maks]

I don't think he's interested in worn out menopausal has-beens

[Cag.]

im in the best shape of my life from healthy diet and exercise and wont be hitting menopause for another decade and a half. :)

[maks]

then why is he divorcing you

[Cag.]

hes also not like you and can actually commit to his woman.

[maks]

I mean, hooray for your potitive attitude I guess, but lets base it in reality

[maks]

hes also not like you and can actually commit to his woman.

oh so either he's an idiot or he's afraid of being alone

[Cag.]

getting old really isnt bad if you have someone to grow old with. sounds cheesy but ita true :)

[Desolation]

getting old really isnt bad if you have someone to grow old with. sounds cheesy but ita true :)

i just threw the fuck up

[maks]

fine, I'll get married when I'm 55. until then life has way too many adventures to offer.

[maks]

actually nevermind that's going to put a damper on my retirement. fuck marriage at any age.

[Cag.]

just buy up properties ane rent them out, retire early. thats what jon and i plan on doing anyway

[clay]

i suggest he put them all in his name. you got a little wetback in you, i can tell

[maks]

I want to have the flexibility to fuck any old bag in the bingo parlor tyvm

[maks]

retirement is the best time to date, no work no chance of pregnancy plenty of money

[Cams Purple Lambo]

just buy up properties ane rent them out, retire early. thats what jon and i plan on doing anyway

terrible idea considering neither of you know about real estate finance or construction/regular upkeep of an apt etc...

put your spare money in vanguards total stock market index or some field that you are educated in (e.g. if jon wanted to do a start-up or something).

i doubt you have great access to credit (esp considering you bought your house with an FHA loan with like 2% down) or have any familiarity with the legal framework of organizing an LLC, obtaining lending to the LLC to leverage you RE investment and write off depreciation/re taxes/loan interest etc... (to maintain more profitability) etc...

[clay]

terrible idea considering neither of you know about real estate finance or construction/regular upkeep of an apt etc...

put your spare money in vanguards total stock market index or some field that you are educated in (e.g. if jon wanted to do a start-up or something).

i doubt you have great access to credit (esp considering you bought your house with an FHA loan with like 2% down) or have any familiarity with the legal framework of organizing an LLC, obtaining lending to the LLC to leverage you RE investment and write off depreciation/re taxes/loan interest etc... (to maintain more profitability) etc...
jon can buy homes with cash, hes not poor

[Cams Purple Lambo]

jon can buy homes with cash, hes not poor

rule 101 of real estate. you don't buy investment property with your own cash (solely) unless you're a dumbass.

leverage your buying power with borrowed money (for better ROI, tax consequences, etc...). More leverage the better (in investing in RE). LLC will shield you from liability etc... besides personal guarantees on the loans etc...

if you have extra money buy more investment properties or put it into the stock market. don't plunge all 200k of your savings to buy some shitty duplex in all cash (so dumb) more leverage = more profits from rent

[Cams Purple Lambo]

jon can buy homes with cash, hes not poor

see this


Consider the common real estate purchase requirement of a 20% down payment – or $100,000 on a $500,000 asset. When a buyer puts only 20% of the money down, and borrows the rest, is essentially using a relatively small percentage of his or her own funds to make the purchase; the majority is being provided by a lender. That's why real estate investors often refer to the 80% remainder of the purchase price as "other people's money": It is, in fact, being provided by someone else.

Assuming the property appreciates at 5% per year, the borrower's net worth from this purchase would grow to $525,000 in just 12 months. Comparing this gain to the gain from a purchase made outright, without any loan, highlights that value of the leveraging strategy. For example, the same borrower could have used the $100,000 to make a paid-in-full purchase of a $100,000 property.

Assuming the same 5% rate of appreciation, the buyer's net worth from the purchase would have increased $5,000 over the course of 12 months, versus $25,000 for the more expensive property. The $20,000 difference demonstrates the potential net worth increase provided through the employment of leverage. Now, picture that 5% gain every year for 20 years. Over time, the use of leverage can have a significant, positive impact on your net worth.

[maks]

cag you should hire bgd to be your accountant, since you're the sort of person who meets her husband on rubynet that isn't much of a stretch

[juji]

Bgd is not trolling since he studied the economy.

[Cams Purple Lambo]

cag you should hire bgd to be your accountant, since you're the sort of person who meets her husband on rubynet that isn't much of a stretch

she should honestly just talk to a financial planner or read elementary investing books. i don't think jon studied finance at all in college and i'm sure cag has limited financial education.

or cag should just listen to hgtv and think she will get rich by buying second homes and renting them. (bc that's how trump got rich- real estate duh). fyi trump was a highly leverage motherfucker who knew what the fuck he was doing - cut costs by any means necessary and used the legal system and local government offering tax incentives to his advantage.

[maks]

I don;t think cag even finished high school

[Cams Purple Lambo]

cag how much money do you or jon have in retirement savings (either 401k or IRA)? if you want to retire early that is your best bet to tax free income.

[Cag.]

terrible idea considering neither of you know about real estate finance or construction/regular upkeep of an apt etc...

put your spare money in vanguards total stock market index or some field that you are educated in (e.g. if jon wanted to do a start-up or something).

i doubt you have great access to credit (esp considering you bought your house with an FHA loan with like 2% down) or have any familiarity with the legal framework of organizing an LLC, obtaining lending to the LLC to leverage you RE investment and write off depreciation/re taxes/loan interest etc... (to maintain more profitability) etc...

our mortgagr is already paid off. jon knows what hes doing.

[juji]

she should honestly just talk to a financial planner or read elementary investing books. i don't think jon studied finance at all in college and i'm sure cag has limited financial education.

or cag should just listen to hgtv and think she will get rich by buying second homes and renting them. (bc that's how trump got rich- real estate duh). fyi trump was a highly leverage motherfucker who knew what the fuck he was doing - cut costs by any means necessary and used the legal system and local government offering tax incentives to his advantage.

Jon studied engineering systems, it may create an application for Finance but it doesn't include Finance concepts. He got a dunning-kruger effect.

[Cag.]

jon also had huwhite credit

[Cag.]

has* present tense. we good. we alrrqdy set

[Cams Purple Lambo]

our mortgagr is already paid off. jon knows what hes doing.

no he doesn't because you had a low interest FHA loan. why the fuck would you put 2k down on a 200k house and then pay it all off in cash like in 2 years lmao

[Cag.]

cag how much money do you or jon have in retirement savings (either 401k or IRA)? if you want to retire early that is your best bet to tax free income.

not sure about his ira or retirement honestly and probably shouldnt share too much information

[juji]

jon also had huwhite credit

I bet Jon doesn't know about Fair Housing, in that case you need to be awared about housing discrimination is illegal.

[Cag.]

no he doesn't because you had a low interest FHA loan. why the fuck would you put 2k down on a 200k house and then pay it all off in cash like in 2 years lmao

lol he paid off our mortgage last december

[clay]

in the scenario you quoted, the person who paid for their house in full is now $5,000 positive in 1 years time.

the person who paid 100k down and borrowed the rest is now $375,000 negative in 1 years time.

$5,000
-$375,000

i dont know, man, tough choice.

[clay]

not sure about his ira or retirement honestly and probably shouldnt share too much information

dont be shy, cag. jon has probably $800,000 lying around in loose bills. he has a lot more in jewels and antiques, silver frames, etc. let me give you his home address so you can see what his house is worth and get a look at it on google street view.

i should mention the loose bills are lying around in his home. all of this is in his home. he just moved, too, so he hasnt gotten one of those pesky safes yet

[Cag.]

I bet Jon doesn't know about Fair Housing, in that case you need to be awared about housing discrimination is illegal.

well thats why you run credit checks on people to find out how reliable they are :)

[Cams Purple Lambo]

no he doesn't because you had a low interest FHA loan. why the fuck would you put 2k down on a 200k house and then pay it all off in cash like in 2 years lmao

i initially joked that you are dumb as hell/poor for only putting 2k down on a 200k house because you can easily get underwater on a mtg that way (20% is sufficient cushion), but you got extremely lucky buying real estate at a very low price and having very cheap financing. your home has probably appreciate 25% in value or something

rather than invest the 198k you just lit on fire and get like 10% returns in a total stock market index fund - you dumped it all into a home that is probably at the peak of its value (before an impending stock market or real estate market correction) and now if you want to buy another house interest rates are much higher

[Cag.]

in the scenario you quoted, the person who paid for their house in full is now $5,000 positive in 1 years time.

the person who paid 100k down and borrowed the rest is now $375,000 negative in 1 years time.

$5,000
-$375,000

i dont know, man, tough choice.

we didnt have 300 grand at the time. we had my rape money and jons savings and used it on down payment

[Cams Purple Lambo]

in the scenario you quoted, the person who paid for their house in full is now $5,000 positive in 1 years time.

the person who paid 100k down and borrowed the rest is now $375,000 negative in 1 years time.

$5,000
-$375,000

i dont know, man, tough choice.

asset is secured by the loan. bank made a loan to LLC. Loans on real estate are generally non-recourse (they can only go after the property not your personal assets) no harm to credit or minimal if a foreclosure bc its against the llc

minimal risk of downside. i make the 25k in a year...sell the house to someone else and pocket 25k. meanwhile the chump with a 5k return needs to do that for five years.... i can continue to make 25k repeatedly.

i mean yeah doing the grandma thing and making 5k is OK with no risk. But you should just buy treasury bonds if you want low returns with 0 risk and avoid the issues with real estate (maintenance, fluctuation in price, etc...)

[maks]

I don;t think cag even finished high school

rhodes scholars usually don;t end up as strippers, js

[Cag.]

i initially joked that you are dumb as hell/poor for only putting 2k down on a 200k house because you can easily get underwater on a mtg that way (20% is sufficient cushion), but you got extremely lucky buying real estate at a very low price and having very cheap financing. your home has probably appreciate 25% in value or something

rather than invest the 198k you just lit on fire and get like 10% returns in a total stock market index fund - you dumped it all into a home that is probably at the peak of its value (before an impending stock market or real estate market correction) and now if you want to buy another house interest rates are much higher

i dont think i want to leave this house. we just put in a 20k retaining wall and stone patio last year and i actually want to enjoy them

[clay]

asset is secured by the loan. bank made a loan to LLC. Loans on real estate are generally non-recourse (they can only go after the property not your personal assets) no harm to credit or minimal if a foreclosure bc its against the llc

you've obviously never done this otherwise you would realize the insurance requirements for the llc + the interest rate on the home would be more than the 5% annual return.

the 5% SPECULATIVE annual return

[juji]

well thats why you run credit checks on people to find out how reliable they are :)

If everything is not OK for me, Section 8 would be my Plan B.

[maks]

cag what's your education level lets do some math problems together

[clay]

If everything is not OK for me, Section 8 would be my Plan B.

section 8 is probably your main option, bud

[Cams Purple Lambo]

you've obviously never done this otherwise you would realize the insurance requirements for the llc + the interest rate on the home would be more than the 5% annual return.

the 5% SPECULATIVE annual return

my family owns a lot of commercial real estate. insurance reqs are minimal.

[Cag.]

if your bad credit is due to unpaid medical bills then you should be fine to get a home section 8 housing sucks i rented a section 8 apartment and all my neighbors were dried up alcholics and one of them would always bother me. he tried to get me to help him sort thru his photos ans then randomly wanted to charge his car thru my window. the maintence man randomly tried to enter my apartment when he thought i wasnt home

[clay]

my family owns a lot of commercial real estate. insurance reqs are minimal.

my dad fucked my mom but that doesnt mean i do

[Cams Purple Lambo]

my family owns a lot of commercial real estate. insurance reqs are minimal.

i will say im over simplifying this, you need all sorts of personal guarantees etc... if you're just starting out. no one will lend an llc with no track record money

[juji]

I think you should listen BGD, he has point, hell, I would send him PM to request his advices... what are benefits to buy the terrain and I build my own house?

Land loans are different from mortgages for home purchases. For lenders, land loans are riskier because the loan's collateral, the property, isn't being used for housing because of that risk, down payments and interest rates are higher for land loans than for mortgage loans. Oh yes, bgd is right.

[Cag.]

well im sure he has good advice and seems intelligent but my husband knows what hes doing. he got us a housr and got us out of debt

[Cams Purple Lambo]

I think you should listen BGD, he has point, hell, I would send him PM to request his advices... what are benefits to buy the terrain and I build my own house?

Land loans are different from mortgages for home purchases. For lenders, land loans are riskier because the loan's collateral, the property, isn't being used for housing because of that risk, down payments and interest rates are higher for land loans than for mortgage loans. Oh yes, bgd is right.

i would honestly think a mtg for land would be marginally lower than a mtg for a home just on the basis that improvements to land appreciate either slower or depreciate and land generally appreciates, but i don't know the answer to this.

like i think when the assessor values your home for taxes they do the land and the house at different rates idk

[clay]

hey lets all go out in this overpriced market and get ourselves tied down with a 500k loan on a property thats going to be worth 390k when the bubble bursts again

[clay]

well im sure he has good advice and seems intelligent but my husband knows what hes doing. he got us a housr and got us out of debt

hes also a little cum slut

[Cag.]

wish we could afford a 500k home lol

[Cag.]

hes also a little cum slut

:o

[clay]

jon mustve seen whats going on here and told cag to stop letting on that he has just gobs of loose hundred dollar bills lying around his home unguarded at all times

[Cams Purple Lambo]

hey lets all go out in this overpriced market and get ourselves tied down with a 500k loan on a property thats going to be worth 390k when the bubble bursts again

i think it's still feasible to investment in commercial rn esp like stripmalls in hot real estate mkts bc you can get long term leases and gtfo out of there (sell the property) since the mkt is so hot.

i would not want to have huge loans on residential prop right now

[clay]

i think it's still feasible to investment in commercial re esp like store fronts or something right now bc you can get long term leases and gtfo out of there (sell the property) since the mkt is so hot.

i would not want to have huge loans on residential prop right now

store fronts are at an all time low in terms of filled space right now because of online sales............................................................................................... ......................

[juji]

if your bad credit is due to unpaid medical bills then you should be fine to get a home section 8 housing sucks i rented a section 8 apartment and all my neighbors were dried up alcholics and one of them would always bother me. he tried to get me to help him sort thru his photos ans then randomly wanted to charge his car thru my window. the maintence man randomly tried to enter my apartment when he thought i wasnt home

Didn't the maintenance man leave the paper as notice?

[Cag.]

yeah say goodbye to the department stores. we literally amazon prime everything. amazon google and facebook are our gods now lol.

[Cams Purple Lambo]

store fronts are at an all time low in terms of filled space right now because of online sales............................................................................................... ......................

restaurants/food joints fill them but yeah.

i have family in s. florida and it seems like you can just build little stip malls whereever and youll get a lease from: panera bread, chiptole, coffee shop, maybe a walgreens or store like that, sushi place etc...

[clay]

literally like five to ten 100 year old businesses closing shop every year because of amazon.......................

30% of small businesses storefronts are unrented and empty, as much as 60% in smaller cities......................................

......................................

[Cag.]

Didn't the maintenance man leave the paper as notice?

no lol. no paper no nothing. just saw the nob turning and froze with fear. i had the deadbolt in place so he couldnt of gotten in with a key

[clay]

According to the New York Times, it’s generally agreed that a five percent vacancy rate is a healthy level for a busy retail corridor. Larisa Ortiz, a commercial revitalization consultant says anything under 10 percent is acceptable. A number of recent studies have found retail corridors in prosperous Manhattan neighborhoods struggling with much higher rates, from 14 percent on Columbus in the Upper West Side to 20 percent on Broadway in SoHo.

currently sitting at 3-4 times the healthy rate.......................

[Cams Purple Lambo]

currently sitting at 3-4 times the healthy rate.......................

rents are high as fuck there which probably contributes to that. long island city seems to be building new shit all the time

[clay]

this is just one article i found quickly. go look at any retail space in a town near you

[Cams Purple Lambo]

you have to develop what people want. see http://www.dispatch.com/business/20180529/shops-opening-at-easton-town-center-this-year-include-two-retailers-new-to-ohio

[maks]

retail is inferior to online shopping and if the market is killing it then obviously it was time for it to die

[maks]

that's capitalism in action che guevara

[Wendy <3]

What the hell is cag getting dumped or not

[Autistic Spectrum]

I'm waiting in the wing's

[Poopalew]

I'm waiting in the wing's

He acted like Telekinesis action that he wants to kill some trolls in Colorado, but what i would to prove my reason to you?