Nope. Anyhow I tried today to teach you about how to grow wealth by buying houses. You don’t want to learn because you have done all this math in your head.
So you don’t buy houses.
Got it.
Ponderable
- Thread starter Bruddah IZ
- Start date
So you don’t buy houses.
Got it.
Bruddah IZ
DA
Nope I don't buy houses. If the borrower history is excellent and the LTV is low, I have my attorney review the docs and have the borrower sign the docs making sure I get a promissory note and DOT that I record myself before releasing the funds. Then I just sit back and watch my money work. No PMI, no insurance payments, no property tax payments, no maintenance. The borrower pays for all of it.
LOL.
Really funny. “Investing” for a 5% return of ordinary income? You have got to be the only individual investor I am aware of who would do that. Wow. Stay in your cubicle.
Bruddah IZ
DA
Passive income starting on day one. As opposed to no Net income. 5% isn't until the 340th month. Otherise I'm returning about 60 percent plus interest payment per month.
nope you're making a loan that pays interest at an interest rate.
the interest is at about 5% on cash per year...or less.
the interest is ordinary income and you don't get the growth on the principal because the growth of the principal belongs to the borrower.
it's a 5% annual return of ordinary income on your cash, i.e. a shitty investment.
"stay poor, my friend."
Bruddah IZ
DA
Amortization schedule pal. Check yours out. You’re still making a 20 percent interest payment a month.
Keep investing for 5% cash on cash. Ordinary income.
I think you’ll beat inflation! Congrats!
Bruddah IZ
DA
Lol! Like always, you have to have net income on your simulated asset to beat inflation.
You do. You have 5% on your loan. Bad investment. That’s how you make a living? Or are you the guy in the cubicle who works for the company that makes the loan? So when you say “I have my attorney review documents,” do you mean the company you work for’s attorney and you’re just trying to make yourself sound big? Can you answer this one?
Bruddah IZ
DA
Says the guy with the portfolio simulator
You didn’t answer the question.
When you referred to “having your lawyer review” things to determine if “you” are going to loan money, are you the actual lender or are you just talking like a big shot because you just work for a lender.
This is too good.
Hüsker Dü
DA
You can't/won't get answers from a mocking bird. He can only recite what his TU lesson plan tells him.
“Mockingbird.” That’s it! Turns out I was right about “Cubicle Boy,” for sure.
Man he’s so smart about finance, though, isn’t he?
Sheriff Joe
DA
You are seeking verification from whiskers?
Your second year JC finance project is flawed......
Give your horse a rest " Don ", the wind will eventually die down.....
Bruddah IZ
DA
Ever wonder what your loan processing fees pay for? Lol!
Bruddah IZ
DA
This is beyond you whiskers. And messy only adds to your ignorance.
Bruddah IZ
DA
KISS. Just because you can't do third grade math doesn't mean it's complicated.
He confirmed. While bragging about “his attorneys” to see if the buyer is qualified, when called out he acknowledged that his salary comes from loan processing fees.
So awesome.
Multi Sport
DA
Illegal border crossings at the San Ysidro have been down for years. One of the main reasons is the wall...
So yea, building a wall will help. Even Obama and Clinton understood that.
