All Forum Posts by: Jon C

I'm doing my best to not be greedy in this situation because I don't want to miss what will probably be a one time opportunity. Timing is everything.

A loan for 100k at 4% @ 15 years has a payment roughly $200 less than what I'm paying now on my 30 year loan, or that is to say that my payment would go from $950 to $750 a month. That's huge!

Of course this is assuming that I entered the information into the mortgage calculator correctly.

Even a very small increase in the interest rate has a profound effect.

Hello everyone and thanks for taking a look at my question.

My wife and I bought our house here in Vancouver WA 6 years ago and have been very happy. We owe 104K on a house worth ~200K but our 30 year loan is at 5.75%. We're going to refinance soon and am looking at the 15 year loan and hoping it will get down to 4.0%.

My question is, will the mortgage rates continue to drop lower and is it worth waiting for them to drop lower while my home value decreases thus decreasing the equity I have built up. I don't plan on cashing out any equity but want to use it to bargain for a better loan rate and lower payments.

Thanks again Jon in Vancouver.

I had resolved to read here every day but have been falling off from my commitment a bit. I'm sure I'm not the only one familiar with long busy days. In any case, I'm back and ready to lean.

I'm hoping that in the next year or two, things will loosen up a bit with interest rates and property values, although I may be mistaken in thinking that is a good thing for a beginning investor.

Change is good, and necessary. Now it becomes a race to see who can adapt the quickest to exploit the new opportunities that always present themselves when things like this happen. Someone's going to get in on a ground floor somewhere.

This kind of thing chills me to the bone. An over exuberant Bird Dog wannabe gets himself in trouble flushing out game that isn't theirs by rights. Then gets sued for probably more money than they had any idea was at stake. It's enough to make me tuck my tail and run, accept for one thing.

They didn't read, or didn't read and understand the agreement they signed. When in doubt, Google it.

Is this an area where an LLC would have offered some protections as far as how much he can loose? He would have to sacrafice the oficial banner but his private interests would still be intact. I'm guessing here.

Great article BTW.

I'm a little confused.

Earlier in the FAQ, there was some discussion about whether or not to create an LLC for each individual property or holding.

Then in this thread, there is discussion about the need to have partners to head off any perception that an investor would be using an LLC as an alter ego.

Does that mean every LLC created needs partners to be effective?

That would seem incredibly difficult.

I think the term free market is an oxymoron and for our leaders to refer to it as our savour is vague and pathetic. Short term greed along with a huge K street power grab has give the Chinese an incredible opportunity to affect change on our economy. Just how important are people in our country and who's supposed to be watching out to make sure our best interests are served?

There's probably some rule about politics so I'll stop here. I think I've made my position pretty clear though.

United States of Wal-Mart :roll:

I also built my own computer from a stick and an old coffee can.
I call it the i Can. It doesn't really do much but I can make a lot of noise with it, and I can do it hell o fast too.

Barton Core 2500 OC to 3200
ASUS
Raid 0
Yada Yada Yada
Why am I typing this when I should be reading. BACK TO WORK!

Well, I'm married with two young adult children and we also have one in the oven. My wife and I both work and meet our bills just fine, but we're both getting tired of the race. She's got over 25 years with the company and I'm going on 17 this year.

I listened to the Rich Dad seminars and found it very interesting. I have heard of Russ Whitney and his program but am sceptical of people that try to appeal to my greed or fear. Still, a doubter with no interest in finding out is just cynical and I try not to be that. ( can you guess my politics?)

It just seems like the opportunities are there if a person is willing to look for them. I don't nesisarily desire foreclosure properties but it seems like a good place to start in our market these days. This is where sage advice would come in handy.
Thanks for the feedback
I have a friend that is very helpful with my question so the time just seems right to get my feet wet. He seems to think that a person needs a pretty big chunk o cash to by able to buy at auctions. I haven't gotten that far in my personal research to know if money is available or if he is right even.

On a personal note, I install my own appliances, I did my own engine swap (JDM boost FTW), and I've painted my own house. This is my second house and it's made of brick so I won't get to have that joy again. My wife says I'm "handy" lol.

With the recommendations of some trusted friends, my wife and I picked up some energy stocks a while back, along with some growth funds. So far so good. I made a big mistake with MOT but I knew it was a gamble and approached it from that aspect.

I find the returns better than many alternatives but don't foresee being able to retire any time soon. I need a plan B which brings me to the subject of this forum.