All Forum Posts by: Joe O

Did you end up paying that fine or finding representation and challenging it, or what?

You left out the exciting conclusion! :D

Saw this on Lifehacker and it reminded me of this thread.

The app "Trip Miles" which is used for tracking mileage is free today (previously 4.99). I don't know if it's a permanent drop or temporary, so grab it while you can.

http://itunes.apple.com/app/trip-miles-mileage-log-for/id477087593?mt=8

His effective tax rate may be 20%, but his marginal tax rate, and what this would be taxed at, would likely be higher.

I 100% agree with the first paragraph. More of the same.

We'll see slight declines in price (5% YOY maybe), trending mostly flat but down a little.

I disagree with the second paragraph. I don't think 2013 will be pivotal. I think 2013 will be more of the same. And likely 2014. I think the inventory is big enough and there's still more foreclosures, etc. that we've got several more years of flat to slight declines.

Great news for those buying and holding.

Likely depends on who's looking at the offer. I like a high EMD to show I'm serious, but I don't want money tied up in escrow for months while waiting on the bank, so I typically have a $5000 EMD, $500 on acceptance of offer, $4500 balance to be deposited on bank's approval of short sale. Then I only have $500 tied up, but have a more serious offer on the table.

Check your state laws carefully. Some states are 3 days, some 5, some 10, etc. If you post a pay rent or quit notice giving them less time than is legally required, good luck in front of the judge.

They might be done with the hassle.

I've found most advice on the contradictory Nathan. People say to invest geographically where you'll make more, and then they say stuff like "boots on the ground" and "know your market."

Pick one or the other, because if it's 3 states away, you won't be able to know your market nearly as well, nor have as much time in with boots on the ground.

Some prefer one way, some the other.

You're right, most "life insurance experts" would not agree, because there are two different groups that have very different motives.

I think I think most financial experts getting paid for their advice (ala a fee-only financial planner, etc) would agree that EIUL, VULs, etc. are inferior and term life + investments are the way to go. Their motive is to make you the most money possible.

Most insurance salesmen, on the other hand, would agree that EIULs, VULs, etc. are the best way to go. Their motive is to make themselves the most money possible.

Very true. I've run into the same problem.

Only way to purchase with B of A right now is cash. They only allow you 4 total financed properties (unlike Fannie/Freddie guidelines of 10), and require B of A prequal to make an offer on one of their properties. Even if you have prequal letter from somewhere else, you can't place a financed offer without prequalifying with them, which is impossible of you have 4 or more mortgages.

So I'm buying other properties financed, and B of A REOs cash only. Annoying, but that's the way it is right now.