All Forum Posts by: Jon Rood

Thanks guys,
I have checked my home market and all around on ALL the websites given, not much action. I will keep checking back often.
Thanks for the replys.

545 vs. 300,000,000 People
-By Charlie Reese

Oringal version

Charlie Reese is a former columnist of the Orlando Sentinel Newspaper.

What you do with this article now that you have read it... is up to you.
This might be funny if it weren't so true.
Be sure to read all the way to the end:

Tax his land,
Tax his bed,
Tax the table,
At which he's fed.

Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.

Tax his work,
Tax his pay,
He works for
peanuts anyway!

Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.

Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.

Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.

Tax his cigars,
Tax his beers,
If he cries
Tax his tears.

Tax his car,
Tax his gas,
Find other ways
To tax his ***.

Tax all he has
Then let him know
That you won't be done
Till he has no dough.

When he screams and hollers;
Then tax him some more,
Tax him till
He's good and sore.

Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid...

Put these words
Upon his tomb,
'Taxes drove me
to my doom...'

When he's gone,
Do not relax,
Its time to apply
The inheritance tax.

Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes
Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax (currently 44.75 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Recreational Vehicle Tax
Sales Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Nonrecurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world.
We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids.

What in the heck happened? Can you spell 'politicians?'

Can anyone list REO Websites they know of? I am only interested in South East Texas.

Thanks in advance

I agree, shut it down. Bulk Reo is not for the small investor. This meaning investors in the millions not the billions. I want to thorw somwthing out there for a responce. I recently attended an Auction.com auction in Houston, Tx. There were investors there, but many more end users. As I was sittting there, I began to think about BP, and wondered if any of the season investors would waste a night of their life as I did that night. I think an intelligent bank would hire a marketing company like Auction.com to get rid of their inventory, from what I saw, they would limit their losses to .50-.60 on the dollar rather than the .10-.20 we are all dreaming of. What do you think? :wink:

I have a 36 unit apt. complex that has some sec. 8 tenants, and I love getting 10 units rent in one check every mo. I have asked this same question many times and I have had many answers. The one answer I have gotten that made me think the most is this. "The quickest way to plunge our country into civil unrest would be to do away with our entitlement programs" Think about it, in some instances you have 2nd and 3rd genration receipients. If the government quit paying the rent, do you think they would take on any job to make ends meet? I think them+gun/you+money=trouble. This is a huge problem, and the gov. knows what would happen. Keep enjoying getting SOME of your hard earned money back. Keep working hard millions of deadbeats are counting on you.
P.S. No offence was intended towards all Sec. 8 recipients, just the ones that can work and wont. :roll:

Yes, I just purchased Feb. 2010. I used the advice I found on here to evaluate the deal. I am a complete newbie to REI. I currently own an excavation company and I'm looking to build a portfolio for passive income. I am not sure how passive this income is going to be but time will tell. I am lucky enough to have cash to buy my properties with, so with that and my reading on here, I should be able to make a go of my 2nd business. What are you trying to accomplish?

I just bought insurance on 36 units, $900k value. 2m liability. 13k annual premium.

What is the best service for screening new tenants? I am looking for credit,rental history, and most important criminal background check. Am I right in thinking that we have to be objective when it comes to reviewing the credit report? If they could handle their finances properly, wouldn't they own a house in this economic climate? What do the pros say?

Well, I know its been awhile. I got very busy with my other business and I was told the property had sold for the asking price so I crossed it off the list. I was surfing loopnet the other night and noticed the property back on the market. They had two deals for the asking price, but the buyers failed to fund the deal. I confirmed this with the local title company (small town). I offered $775,000.00 all cash deal and just got word they accepted. They just completed exterior paint, and have a contractor lined up to put on a new roof. All included. All that is left is a complete inspection from a licensed inspector (my father in law) and if all is well, I will be in the game in a week or so!!! I'm very excited. :D

Gentleman,
Thanks you for taking the time to evaluate this deal. I am going to ask for financials, review, and possibly make an offer :D I pray that God blesses you guys with amazing deals for taking time to help out the newbies on this site. I have had many mentors in my other business, and there is nothing like having someone grab you and say slow down when you need to hear it. I will keep you guys posted on further developments.
Thanks Again
Jon