Invest in my mortgage debt
Quote: MichaelBluejayWell, I do think it's a bit of a stretch to call this "advertising". This is not business related, it's for a personal loan, and "advertising" isn't a word generally associated with personal transactions. It's certainly a solicitation, no argument there, but then again I don't read solicitation as being banned explicitly. In any event, I won't even solicit again without prior permission.
For the record, I did ask for, and received, permission to start The Easy Vegas thread, which can be seen as advertising for Easy Vegas. (And it's not a one-way street: I've linked to WoO from dozens of my pages, some for almost 20 years now.)
Anyway, at best my alleged violation of rule #3 is a gray area. But there's absolutely no gray area about the insults I've received here, about which, typically, no action is taken.
I don’t think it’s a stretch, you’re requesting an investment potentially as high as a few hundred thousand dollars. If it had been your first post ever (context counts!) you would have certainly been immediately banned as a spammer.
Anyway, I don’t personally (not an admin!) see anything wrong with your OP and even you seem to acknowledge you probably won’t have any takers. My point is simply that, with prior permission (which you’ve just said you’ll get next time) this thread couldn’t even be interpreted as violating a rule.
As far as the insults go, I think RS’ post was just making a joke and wasn’t even specifically directed at you. The post prior to that, personally, I’d have tossed out a three day, but that’s just my opinion and I’m not an Admin.
Lovecomps: Suspended for personal insult To MBJ
RS suspended for quite humorous and sarcastic insult on MBJ. IMHO.
Clearly this topic was controversial, and as such MBJ is suspended too under the newest rule.
All suspensions to be of short and arbitrary length as not indicated in the suspension list.
Now, c'mon folks. This was a casual/light hearted thread. Let's keep it that way, or must I close it.
Just get over it. If you don't want to read it or lend MBJ funds, just don't.
Quote: MichaelBluejay(1) Every single one of Motley Fool's top bond funds for 2019 offers a lower rate of return than I am.
you are incorrect sir
you are only considering the yield
the price of the fund itself if the fund is a good one will often appreciate depending on other economic conditions
I own 3 bond funds all of which have a year to date return way, way, greater than the 4.625% you posted - not saying they will do that every year
the return of a bond fund is calculated by considering both the yield and the price appreciation
the Year to Date return of the top bond fund in your link - AGG is.......................... 9%
my original comment stands strong
https://finance.yahoo.com/quote/agg?ltr=1
Quote: LovecompsIf I may quote this sites home page;
WIZARD OF VEGAS
Informative travel guide about Las Vegas
What all of has to do with this, or any aspect of gaming, is beyond me. There are hundreds of other threads here that have nothing to do with gaming at all but "What did you eat today?", or "Casino chip of the day", are harmless and even amusing. This thread is neither and I believe that it's dangerous.
I've said my piece. Do with your money as you see fit.
Advantage play is a way of life, not something limited to casinos.
I personally see no value in this offer, but could see it as the opening salvo in a negotiated alliance. I'd want some skin in the game. Toss in 5% of the rental income and you'll draw some attention.
Owning two or three rental houses is dangerous. You don't make enough to hire a full time maintenance guy so either you are handy and spend a lot of your FreeTime on it or you go broke paying services to make house calls. A storm or a single bad tenant and your cash flow goes to hell. There is a reason why banks charge more for such loans.
The new rule is
Quote: WizardAfter some discussion, site ownership and management have decided to make a new rule forbidding non-gambling and non-Vegas topics, especially those concerning politics, religion, and sexuality.
so topics like What did you Eat Today, Health and Weight Loss, WHAT DID YOU READ TODAY etc. would seem to be proscribed but maybe they are grandfathered in along with the Burning Man 2019 thread (in which the Wiz himself is still posting).
This thread I think is tangentially at least relating to gambling because there is some risk in the venture. That's why I chose to comment in it. I don't post in those other silly threads, if I want to discuss such topics I go elsewhere.
Quote: Mission146I think it’s been about two minutes. That should be good, right?
4 on 3 power play? Lol
I tend to agree in that it's related to speculating on unknown future interest rates and, for me currency fluctuations. Personally, it's not much different to , say, discussing speculating in crypto currency.Quote: MDawgThis thread I think is tangentially at least relating to gambling because there is some risk in the venture. That's why I chose to comment in it. I don't post in those other silly threads, if I want to discuss such topics I go elsewhere.
It only became controversial when members who don't seem interested in the topic, chipped into it.
Lighten up guys. The suspended 3-some will possibly be un-suspended before they next log in $:o) I rather hope so.
I'm not interested in investing in MBJ's little offering, but I reckon he'd honor any unlikely agreements that might arise from it.
Maybe the seed for an interesting debate about what rate we would expect to lend money to a forum acquaintance.
I'd lend to very few members here, just as I'd wager with few.
Disclosure.
I have wagered with some members here and been trusted by one $:o)
Most do not know Nevada laws, it is considered a 'landlord state' as it comes to rental laws, In Nevada, that would be an agreement between the landlord and the tenant.Quote: Mission146I don’t know the laws in Nevada, but some leases stipulate that the tenant pays for any repairs under a certain amount, elsewhere in the country.
My understanding, and I am NOT a real estate lawyer, comes from
NRS 118A.290
Habitability of dwelling unit.
"1. The landlord shall at all times during the tenancy maintain the dwelling unit in a habitable condition. A dwelling unit is not habitable if it violates provisions of housing or health codes concerning the health, safety, sanitation or fitness for habitation of the dwelling unit or if it substantially lacks:..."
The landlord, in court cases, has been shown that THEY are responsible for the repairs to certain items of the dwelling and can NOT come to an agreement that the tenant pays for them.
Quote: Mission146I don’t know the laws in Nevada, but some leases stipulate that the tenant pays for any repairs under a certain amount, elsewhere in the country. Usually this amount is such that, if the repair would be more expensive, you’d be getting a professional to do it anyway.
I've never had a residential lease that had those stips, that's one of the reasons I rent. To save myself such headaches.
I have no idea what that means, but I have had my coffee.Quote: tringlomane4 on 3 power play? Lol
Quote: MDawgLoveComps posted something above about how this thread has nothing to do with Vegas or gaming.
The new rule is
so topics like What did you Eat Today, Health and Weight Loss, WHAT DID YOU READ TODAY etc. would seem to be proscribed but maybe they are grandfathered in along with the Burning Man 2019 thread (in which the Wiz himself is still posting).
This thread I think is tangentially at least relating to gambling because there is some risk in the venture. That's why I chose to comment in it. I don't post in those other silly threads, if I want to discuss such topics I go elsewhere.
So you are now making up new rules?
That was the original discussion but not a rule
Controversial Speech: In an effort to keep the focus of the forum on gambling, Vegas, and math, comments of a political, racial, religious, sexual, or otherwise controversial nature are not allowed. We recommend taking such discussion elsewhere (Added 8/13/19).
Quote: GWAESo you are now making up new rules?
That was the original discussion but not a rule
Controversial Speech: In an effort to keep the focus of the forum on gambling, Vegas, and math, comments of a political, racial, religious, sexual, or otherwise controversial nature are not allowed. We recommend taking such discussion elsewhere (Added 8/13/19).
Thanks,
No new rule
'Otherwise controversial' seemed to cover it.
Anyways... the 30 minutes have long since elapsed. Nobody died.
$:o)
Quote: billryanI've never had a residential lease that had those stips, that's one of the reasons I rent. To save myself such headaches.
I’ve rented two places that had such stipulations, and I found them within reason enough that I was fine with them. One was any repair under $100 and the other was any repair under $50.
If something like the toilet chain snaps, then I don’t mind paying $3-$4 to replace and fix it. I want to be able to use the toilet without waiting for the landlord to get there.
I’ve also had a lease stipulate that the landlord MUST complete all repairs, however minor, unless the tenant is willing and given permission to do same himself. Only reason I moved out of there was I was married at the time and we outgrew it. Really nice guy. I wanted to stain the back deck and paint the front porch once. He told me just to deduct the costs of the materials as well as $20/hour for labor from the rent for that month and include any receipts with the rent check.
Again, I don’t know if the, “Pay for repair,” was a legal lease by letter of the law, but it didn’t concern me if it wasn’t.
Quote: MichaelBluejayUgh. If I had a hard time qualifying for conventional loans, how do you think I got two loans totaling more than half a million dollars recently? No, I have no other motivation other than getting a better interest rate.
If someone doesn't buy a whole existing loan, I will still use the proceeds to pay down the existing loan, but there will be no collateral. (Update: I'll pay for and record a deed of trust for all borrowers even if they don't buy an entire existing loan. I upped the minimum loan amount to $5000 in order to make that worth my time.] If my reputation and perfect credit report isn't enough to make someone comfortable making a loan to me, they don't have to. I'm not begging here. Re-read my first post where I said I doubted there would even be any takers anyway.
AT A HIGHER INTEREST RATE AND FOR MORE FEES! DUH!
Mods, is this kind of insult actually kosher here now? He's not saying I *might* be a scammer, he's saying I *am* a scammer.
Lovecomps, put your money where your mouth is. I'll bet you hard cash that I have no problem refinancing at a bank if I go that route, or that the private lenders get paid by me if we go that route. We'll put the money in escrow with the Wizard or a licensed attorney in good standing. How's $10,000? Put up or shut up.
How is this acceptable? Really?It's bad enough I have to avoid all the vagrants with cardboard signs in Vegas. Now I can't even come to a Vegas message board without getting panhandled by some dude trying to get a deal on a mortgage. I guess it's gambling related though. No bigger risk than lending money to a self proclaimed dumpster diver.
Quote: billryanIs this political, racial, religious, sexual or controversial?
Seems like it’s more controversial than it ought be. He’s making an offer, one should either agree, decline or say nothing related directly to the offer itself. I only chimed in to say I understand that it could be interpreted as a rule infringement but also see MBJ’s point.
Quote: OnceDearI have no idea what that means, but I have had my coffee.
Hockey. Two penalties by those, “Against,” team MBJ, one penalty called on MBJ himself, result is a 4-3 power play that would last two minutes, barring a goal.
PS stay out of my recycling can plz
Quote: happaheroI think it’s a great idea to invest 500k in a dude that fancy’s himself a pro dumpster diver. Also 4.5% interest rate less inflation running at 2.1%(if you even believe the government published drone inflation rate) means real rate is 2.4%. That’s mighty attractive.
PS stay out of my recycling can plz
You give me a half million, and I'll give you two grand a month for thirty years with a lump sum of $500,000 due then.
Quote: happaheroI think it’s a great idea to invest 500k in a dude that fancy’s himself a pro dumpster diver. Also 4.5% interest rate less inflation running at 2.1%(if you even believe the government published drone inflation rate) means real rate is 2.4%. That’s mighty attractive.
PS stay out of my recycling can plz
If I had a half million, which I certainly don’t, I’d rather invest it counting on a guy who’s frugal as hell and tries to save as much money as possible rather than someone who pays retail for everything. I’m not saying you do the latter, I’m just saying guys who want to hold onto as much as they can tend to be pretty reliable.
Quote: MichaelBluejayhappahero blocked
It is becoming quite clear that this might not be the place for you. I'm thinking there might still be a My Little Pony forum that you could join and solicit funds from their members. I'm sure most of those forums have some sort of safespace stamp of approval or something like that.
Quote: MaxPenI'm thinking there might still be a My Little Pony forum that you could join
Sign me up. And I like Hello Kitty too.
WMOAT BlockedQuote: OnceDearOK. You asked for suspensions. You got them.
Lovecomps: Suspended for personal insult To MBJ
RS suspended for quite humorous and sarcastic insult on MBJ. IMHO.
Clearly this topic was controversial, and as such MBJ is suspended too under the newest rule.
All suspensions to be of short and arbitrary length as not indicated in the suspension list.
Now, c'mon folks. This was a casual/light hearted thread. Let's keep it that way, or must I close it.
Just get over it. If you don't want to read it or lend MBJ funds, just don't.
Quote: AxelWolfWMOAT BlockedQuote: OnceDearOK. You asked for suspensions. You got them.
Lovecomps: Suspended for personal insult To MBJ
RS suspended for quite humorous and sarcastic insult on MBJ. IMHO.
Clearly this topic was controversial, and as such MBJ is suspended too under the newest rule.
All suspensions to be of short and arbitrary length as not indicated in the suspension list.
Now, c'mon folks. This was a casual/light hearted thread. Let's keep it that way, or must I close it.
Just get over it. If you don't want to read it or lend MBJ funds, just don't.
Blocked
I see you posted all your favorite colors.Quote: MaxPenIt is becoming quite clear that this might not be the place for you. I'm thinking there might still be a My Little Pony forum that you could join and solicit funds from their members. I'm sure most of those forums have some sort of safespace stamp of approval or something like that.
Quote: AxelWolfI see you posted all your favorite colors.Quote: MaxPenIt is becoming quite clear that this might not be the place for you. I'm thinking there might still be a My Little Pony forum that you could join and solicit funds from their members. I'm sure most of those forums have some sort of safespace stamp of approval or something like that.
Trying to find common ground with the OP.
#DON'TMAKEMEBLOCKYOU
😂😂🤣🤣😂😂😹
Quote: Mission146I’ve rented two places that had such stipulations, and I found them within reason enough that I was fine with them. One was any repair under $100 and the other was any repair under $50.
If something like the toilet chain snaps, then I don’t mind paying $3-$4 to replace and fix it. I want to be able to use the toilet without waiting for the landlord to get there.
I’ve also had a lease stipulate that the landlord MUST complete all repairs, however minor, unless the tenant is willing and given permission to do same himself. Only reason I moved out of there was I was married at the time and we outgrew it. Really nice guy. I wanted to stain the back deck and paint the front porch once. He told me just to deduct the costs of the materials as well as $20/hour for labor from the rent for that month and include any receipts with the rent check.
Again, I don’t know if the, “Pay for repair,” was a legal lease by letter of the law, but it didn’t concern me if it wasn’t.
Problem with that is how does the landlord know the work was done right? A typical lease give the tenant the ability to use a licensed contractor and deduct it from the rent if the landlord doesn't repair it in a timely manner but that is not good for the landlord.
I just assumed everyone had him blocked already..Quote: MichaelBluejayhappahero blocked
BLOCKEDQuote: Mission146Days like this make me glad to not be an Admin anymore. This thread would really be testing my resolve not to ban for trolling and trolling alone.
BLOCKED.Quote: billryanProblem with that is how does the landlord know the work was done right? A typical lease give the tenant the ability to use a licensed contractor and deduct it from the rent if the landlord doesn't repair it in a timely manner but that is not good for the landlord.
<BLOCKEDQuote: AxelWolf
Quote: GWAEI thought you could be banned for announcing a block
I think 20% of posts on here and DT are just "blocked" so that would be a hard rule to enforce (granted that 20% probably comes from the same 5 people).
Quote: billryanProblem with that is how does the landlord know the work was done right? A typical lease give the tenant the ability to use a licensed contractor and deduct it from the rent if the landlord doesn't repair it in a timely manner but that is not good for the landlord.
I don’t know, I just know what the lease said. I was the tenant. If I was a landlord, I would stipulate that I personally must do every repair or pay to have it done for that reason.
Quote: Mission146Seems like it’s more controversial than it ought be. He’s making an offer, one should either agree, decline or say nothing related directly to the offer itself. I only chimed in to say I understand that it could be interpreted as a rule infringement but also see MBJ’s point.
Disagree. That's like saying you shouldn't ask your friends for advice before buying a car. I've gotten way better deals after consulting with others than if I had ran into a purchase guns blazing.
Quote: happaheroDisagree. That's like saying you shouldn't ask your friends for advice before buying a car. I've gotten way better deals after consulting with others than if I had ran into a purchase guns blazing.
I do have gunz tho
Quote: happaheroI do have gunz tho
3 posts in one day, who are you and what have you done with happahero?
BTW, if you've never financed investment property before, don't extrapolate how easy it is to finance based only on your experience for your own home. First, the overwhelming majority of lenders won't touch investment property, so shopping around takes time. Second, one of my properties is owned by my corporation, so the lender always wants ungodly reams of paperwork, much more than for a primary residence. They demand various explanations of bookkeeping and tax reports, and once even made me file an amended corporate return because they didn't like how something looked on it, even though the amendment didn't change my tax liability at all.
Also BTW, I don't require tenants to do their own maintenance, that kind of practice seems kind of sleazy to me. I own the house, I'm responsible for making sure everything works. Yes, I'm handy, and yes, it does take a fair amount of time. Fortunately my rentals are all on the same block where I live. They're not great investments, meaning little profit. One I'm holding because it might become my personal residence again someday, and another I hold because if I sold it, a developer would knock it down and build something big and expensive that only rich people could afford to live in. There's a shortage of affordable housing in Austin and since I wasn't born into wealth, I don't forget where I came from. Yes, there's lost opportunity cost, but I've got enough that that doesn't faze me now.
Quote: GWAEI thought you could be banned for announcing a block
That rule has been ignored for years.
I think interest rates have now hit an all time low. Probably time to bite the bullet and refinance even with the ridiculous fees the banks charge.
As far as the poster who believes bond funds will appreciate in value in addition to the small interest they pay, that will only happen if interest rates even fall farther. I'd bet against that.
You might have seen one of my tenant's houses when you were driving around. I don't require them to mow the lawn unless the City complains, so they generally don't.
The population of Austin has *tripled* since I moved here in 1985, and all that demand for housing has exploded prices. In 2004 I bought one property for $86k. Today the dirt alone would probably go for $250k.
Quote: MichaelBluejayThanks for the reply, SOOPOO. I understand that my offer isn't attractive enough, I knew it was a longshot when I posted.
You might have seen one of my tenant's houses when you were driving around. I don't require them to mow the lawn unless the City complains, so they generally don't.
The population of Austin has *tripled* since I moved here in 1985, and all that demand for housing has exploded prices. In 2004 I bought one property for $86k. Today the dirt alone would probably go for $250k.
Isn’t capitalism great?
Just shows behind all the Hippy garbage he posts, BJ values the good old American Dollar as much as the rest of us. He comes and goes around here like the wind, but when he graces us with his presence, he’s always promoting something that could help himself financially.
Nothing wrong with that since it appears to be approved. He has me, like so many others “Blocked”, so he probably won’t see this. But I assume he would take it as an insult, when it is anything but. Just an honest respect for someone working and hustling to make a buck.
