All Forum Posts by: Bruce C.
Bruce C. has started 12 posts and replied 274 times.
Post: How much and how often do you use hard money lenders?
- Seabrook/Galveston
- Posts 274
- Votes 178
@Leah Slaughter who do you use here in Texas for your guidance line? I hadn’t heard of this before.
Post: How to show down payment when applying for loan
- Seabrook/Galveston
- Posts 274
- Votes 178
Probably so, but you do need to make sure to disclose your monthly payments and outstanding balance so they can properly assess the risk they are taking.
Post: How to show down payment when applying for loan
- Seabrook/Galveston
- Posts 274
- Votes 178
Most likely they’ll ask you to show 2 months of bank statements. If there is a large unusual delist, they’ll want to know where it came from. If it a non secured loan, they probably won’t accept it.
Post: What's your financial freedom #?
- Seabrook/Galveston
- Posts 274
- Votes 178
Originally posted by @Sara Blouin:
Originally posted by @Copeland Duhon:
@Bruce C. Am I seeing this right? Are you saying your wife’s meds are 22K per month?
Mine are about 12k
Those yearly numbers just feel insurmountable, whether 144k or 240k. And I don’t want to even think what the overall cost was when we went through the initial getting hit by it and all the hospitals and doctors trying to get a diagnosis.
Post: Short Term Rental - looking for reservation only company
- Seabrook/Galveston
- Posts 274
- Votes 178
Do you only use AirBnB to advertise? How did you get all of your properties to show up on one page through AirBnB? I’m about to close on my second AirBnB tonight, so I hope to start setting up the page soon
Post: What's your financial freedom #?
- Seabrook/Galveston
- Posts 274
- Votes 178
Originally posted by @Cody L.:
Originally posted by @Bruce C.:
I have 2 numbers - one with and one without some form of health insurance. With, it is about $10k a month. Without... 35-40k.
For those of you that have hit your goals and left your w2, how have you managed to pay for healthcare? My wife takes medication 1-2 times a month (avg about 1.2) that is $22k if I use a freaking coupon.. And we’re not even over 40 yet, so it will only get more expensive
I pay about $1500 for health insurance + dental for a family of four. So how does your “retire number” jump so much if you’re not provided health insurance.
Just buy your own.
I haven’t had a “real job” in well over a decade.
And my magic $ keeps moving. So long as I like what I’m doing (growing a portfolio) I keep going. My wife keeps asking at what point I’ll stop for sure. Told her $1m/month
Because the medicine is expensive and we haven’t found any open market health insurance that makes it affordable. $1500 a month is about 25% of what my monthly plan costs now
To make matter more exciting, our plan through work had been trying to get the amount it pays reduced as it is.
Post: What's your financial freedom #?
- Seabrook/Galveston
- Posts 274
- Votes 178
Originally posted by @Copeland Duhon:
@Bruce C. Am I seeing this right? Are you saying your wife’s meds are 22K per month?
That is correct. Currently I have good health insurance through my W2 job, and it is covered. That would be our price if we had to buy it ourselves (even purchasing through Canada). I have no idea what we’re going to do without my w2 insurance.
Post: What's your financial freedom #?
- Seabrook/Galveston
- Posts 274
- Votes 178
I have 2 numbers - one with and one without some form of health insurance. With, it is about $10k a month. Without... 35-40k.
For those of you that have hit your goals and left your w2, how have you managed to pay for healthcare? My wife takes medication 1-2 times a month (avg about 1.2) that is $22k if I use a freaking coupon.. And we’re not even over 40 yet, so it will only get more expensive
Post: Purchase properties with Credit/Loans ?
- Seabrook/Galveston
- Posts 274
- Votes 178
Wells Fargo offers an unsecured personal line of credit up to $100k, 10% interest rate
Post: Detention pond in the complex
- Seabrook/Galveston
- Posts 274
- Votes 178
The pond is a hole that water drains into instead of draining quickly to the streets. It isn’t an elevated wall. No house or street in the subdivision should be below the pond. If it rains so much that the water is over the top of the pond, you were going to get flooded anyway, and in fact it might buy you some time as the hole will have to fill first and take some of the water in the area.