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Thread: My sig explained (finally..and it's a fricken' novel)

  1. #31
    Raw Wave wizardPC's Avatar
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    Aha! Now I see your point.
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  2. #32
    Maximum Bitrate R32 JUhl's Avatar
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    Quote Originally Posted by wizardPC
    Aha! Now I see your point.
    Damn! That was easy. Most people look at you like you've got two heads when you try to tell them that multiple mortgages are good.
    My first attempt at a carputer.

    PM me if you're interested in a monitor faceplate for your '99-'04 Golf or Jetta. My Vortex ID is NorthAtlR32 - you can IM me there, too. Go here for more information.

  3. #33
    Raw Wave wizardPC's Avatar
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    oh, i didnt say they were good. Cause what happens when your tenant moves out and now you still have to pay the mortgage only now without that extra income from renters. And there's the part where I think your math only works if you've got an interest only mortgage (read: renting from the bank)

    but, if you're Donald Trump I guess it wouldnt matter much.
    Debt as of 1/1/05: $34,354.48
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    I'M DEBT FREE!!
    I'm now a reasonably successful gunblogger.

  4. #34
    Raw Wave wizardPC's Avatar
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    Discover Card is PAID OFF!

    Debt as of 1/1/05: $34,354.48
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    I'M DEBT FREE!!
    I'm now a reasonably successful gunblogger.

  5. #35
    Maximum Bitrate R32 JUhl's Avatar
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    Quote Originally Posted by wizardPC
    oh, i didnt say they were good. Cause what happens when your tenant moves out and now you still have to pay the mortgage only now without that extra income from renters.
    We're not living check to check anymore, so that's not a concern. That does cost money. The cost can be minimized, of course. And every penny it costs improves our tax situation...

    Quote Originally Posted by wizardPC
    And there's the part where I think your math only works if you've got an interest only mortgage (read: renting from the bank).
    Uh-huh. You're goal isn't to ever own the properties. If you own them, they can be taken away from you. If the bank owns them, if someone tries to sue you for the property, they get the mortgage that's attached to it. Therefore it acts as a form of an insurance policy. And most importantly it keeps your cash liquid.

    Quote Originally Posted by wizardPC
    but, if you're Donald Trump I guess it wouldnt matter much.
    He's the most famous example of how the "game" works.
    My first attempt at a carputer.

    PM me if you're interested in a monitor faceplate for your '99-'04 Golf or Jetta. My Vortex ID is NorthAtlR32 - you can IM me there, too. Go here for more information.

  6. #36
    Maximum Bitrate R32 JUhl's Avatar
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    Quote Originally Posted by wizardPC
    Discover Card is PAID OFF!

    Congrats!
    My first attempt at a carputer.

    PM me if you're interested in a monitor faceplate for your '99-'04 Golf or Jetta. My Vortex ID is NorthAtlR32 - you can IM me there, too. Go here for more information.

  7. #37
    It ain't easy being a green moderator meddler's Avatar
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    well done. keep it up. only $32k to go...
    Never let the truth get in the way of a good story

  8. #38
    Maximum Bitrate
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    Quote Originally Posted by wizardPC
    Discover Card is PAID OFF!

    Celebrate by buying something!!!

    j/k Best-O-Luck

  9. #39
    MySQL Error Scouse Monkey's Avatar
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    No, celebrate by destroying the card if you haven't already. stick each card to a dart board and nail em with a dart when they are paid off.

  10. #40
    Variable Bitrate Moneyfink's Avatar
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    congrats on the progress. the lower the number, the less interest burns you.

    Good luck.
    drew
    My OLD carputer page
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    Via Epia M10000, 512 PC2100, Opus 150, 8" lilly touch, 320 GB 7200 WD Caviar

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