How Many of You Have Paid of Your Mortgage?

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  • Seaweed
    BARRELED IN @ SBR!
    • 01-19-12
    • 26320

    #1
    How Many of You Have Paid of Your Mortgage?
    Do you believe you will?
  • Shute
    SBR Posting Legend
    • 03-20-17
    • 11835

    #2
    Working to pay off several
    Comment
    • LT Profits
      SBR Aristocracy
      • 10-27-06
      • 90963

      #3
      Hand raised
      Comment
      • Louisvillekid1
        SBR Aristocracy
        • 10-17-07
        • 52143

        #4
        Lol most don’t even have a house

        We all live in mommies basement

        Atleast Give me credit

        I Put a Tent up in the Backyard For Weekends
        Comment
        • Seaweed
          BARRELED IN @ SBR!
          • 01-19-12
          • 26320

          #5
          Originally posted by Shute
          Working to pay off several
          Do you worry about it?
          Comment
          • dbartinbwgc
            SBR Wise Guy
            • 11-11-08
            • 795

            #6
            Been paid off years ago.
            Comment
            • SBR_Guest_Pro
              SBR MVP
              • 02-10-15
              • 3956

              #7
              wish i could get one
              Comment
              • thechaoz
                SBR Posting Legend
                • 10-23-09
                • 12154

                #8
                Own Outright. The rest is for fun and savings for old age.
                Comment
                • jjgold
                  SBR Aristocracy
                  • 07-20-05
                  • 388208

                  #9
                  Rent

                  Ok for now

                  Gambling small
                  Comment
                  • Booya711
                    BARRELED IN @ SBR!
                    • 12-20-11
                    • 27364

                    #10
                    mortgages are for jerkoffs
                    Comment
                    • biggie12
                      SBR Posting Legend
                      • 12-30-05
                      • 13794

                      #11
                      mortgages and sbr...?

                      half these guys couldnt get a 50% annual interest loan. and were talking about mortgages???
                      Comment
                      • Hman
                        SBR Posting Legend
                        • 11-04-17
                        • 21454

                        #12
                        Still paying
                        Comment
                        • KVB
                          SBR Aristocracy
                          • 05-29-14
                          • 74866

                          #13
                          Originally posted by thechaoz
                          Own Outright. The rest is for fun and savings for old age.
                          Stop paying your property taxes and you'll find out who really owns your house outright.

                          It's always renting, even if the "assets" are yours.



                          Edit, not laughing at you Chaoz, laughing at the idea the taxes.
                          Comment
                          • USCPHILLYGUY
                            SBR Posting Legend
                            • 12-15-12
                            • 21753

                            #14
                            Guess I’m a jerkoff then

                            year 9 of 30

                            1 more year of tax abatement
                            Comment
                            • Philmill
                              SBR MVP
                              • 09-30-11
                              • 4275

                              #15
                              got it done.... feels great...
                              Comment
                              • Chi_archie
                                SBR Aristocracy
                                • 07-22-08
                                • 63182

                                #16
                                still way way leveraged on majority of properties

                                but my actualy forever dream home that i've been fixing up for the last 4 years, I only have 3 more years to finish that loan off at current rate.
                                Comment
                                • Shute
                                  SBR Posting Legend
                                  • 03-20-17
                                  • 11835

                                  #17
                                  Originally posted by Seaweed
                                  Do you worry about it?
                                  Every single day.
                                  Much less stress when my house was almost paid off..... then moved and built a biggun
                                  Comment
                                  • JMobile
                                    SBR Posting Legend
                                    • 08-21-10
                                    • 19078

                                    #18
                                    Originally posted by Shute
                                    Every single day.
                                    Much less stress when my house was almost paid off..... then moved and built a biggun
                                    Saloon. Shute lives with his parents.
                                    Comment
                                    • spro23
                                      SBR MVP
                                      • 07-17-15
                                      • 1129

                                      #19
                                      Property taxes will skyrocket. Most state governments are bankrupt, they owe hundreds of billions to public workers' pension funds. They know property owners can't just up and move so easily so they'll get hit with the bill.

                                      Even if it's paid off, how will you ever retire if you owe hundreds a month in property taxes + homeowners insurance. Then your health insurance. You'd need thousands a month just to survive retirement even if you 'own' everything.
                                      Comment
                                      • Shute
                                        SBR Posting Legend
                                        • 03-20-17
                                        • 11835

                                        #20
                                        Originally posted by spro23
                                        Property taxes will skyrocket. Most state governments are bankrupt, they owe hundreds of billions to public workers' pension funds. They know property owners can't just up and move so easily so they'll get hit with the bill.

                                        Even if it's paid off, how will you ever retire if you owe hundreds a month in property taxes + homeowners insurance. Then your health insurance. You'd need thousands a month just to survive retirement even if you 'own' everything.
                                        You are spot on!
                                        Comment
                                        • Shute
                                          SBR Posting Legend
                                          • 03-20-17
                                          • 11835

                                          #21
                                          Originally posted by JMobile
                                          Saloon. Shute lives with his parents.
                                          Shute paying his bills Mobile
                                          Comment
                                          • KVB
                                            SBR Aristocracy
                                            • 05-29-14
                                            • 74866

                                            #22
                                            Residual income is the answer. Build a networking business that is recession proof and builds on itself as you work it.

                                            Use your money to make money and keep some aside for the tax fund and you should be fine.

                                            Comment
                                            • jjgold
                                              SBR Aristocracy
                                              • 07-20-05
                                              • 388208

                                              #23
                                              Good call and correct

                                              Originally posted by Louisvillekid1
                                              Lol most don’t even have a house

                                              We all live in mommies basement

                                              Atleast Give me credit

                                              I Put a Tent up in the Backyard For Weekends
                                              Comment
                                              • Mr KLC
                                                BARRELED IN @ SBR!
                                                • 12-19-07
                                                • 31100

                                                #24
                                                Just got myself a brand new 30 year mortgage after selling my last house. House payments are less than what most of my friends are paying in rent even after the escrow and taxes are included.
                                                Comment
                                                • paco
                                                  SBR Aristocracy
                                                  • 05-07-09
                                                  • 62873

                                                  #25
                                                  I own 18 houses outright. Just closed on a house for me and my family that I got some advice from opie1988 before closing which worked out. Life is good in Michigan
                                                  Comment
                                                  • jjgold
                                                    SBR Aristocracy
                                                    • 07-20-05
                                                    • 388208

                                                    #26
                                                    Lol 18 houses

                                                    I love this site
                                                    Comment
                                                    • biggie12
                                                      SBR Posting Legend
                                                      • 12-30-05
                                                      • 13794

                                                      #27
                                                      Originally posted by jjgold
                                                      Lol 18 houses

                                                      I love this site
                                                      i believe it. 4-5 years ago paco could of picked up around 10 broken down homes on a .25 acre lot for around $200 in detroit.. no joke haha
                                                      Comment
                                                      • jjgold
                                                        SBR Aristocracy
                                                        • 07-20-05
                                                        • 388208

                                                        #28
                                                        Good point biggie

                                                        Paco once made a video at a strip club bragging about having $500 cash
                                                        Comment
                                                        • KVB
                                                          SBR Aristocracy
                                                          • 05-29-14
                                                          • 74866

                                                          #29
                                                          Originally posted by biggie12
                                                          i believe it. 4-5 years ago paco could of picked up around 10 broken down homes on a .25 acre lot for around $200 in detroit.. no joke haha
                                                          Just insane.

                                                          Might still be able to.
                                                          Comment
                                                          • paco
                                                            SBR Aristocracy
                                                            • 05-07-09
                                                            • 62873

                                                            #30
                                                            2008 cleaned up. Ya missing out. Detroit then and Detroit now day night diffenrce. JJ come down, I’ll show u everything. Nothing to hide. IF u behave I’ll even take u to go drink with the mayor and smokes some good cigars
                                                            Comment
                                                            • ikid2groove415
                                                              SBR Posting Legend
                                                              • 01-08-18
                                                              • 11981

                                                              #31
                                                              Originally posted by paco
                                                              2008 cleaned up. Ya missing out. Detroit then and Detroit now day night diffenrce. JJ come down, I’ll show u everything. Nothing to hide. IF u behave I’ll even take u to go drink with the mayor and smokes some good cigars
                                                              Paco I bet you can’t get good Mexican food In Michigan? Lol
                                                              Comment
                                                              • biggie12
                                                                SBR Posting Legend
                                                                • 12-30-05
                                                                • 13794

                                                                #32
                                                                paco dont penetrate around i heard the city also donated a couple properties to him after he was declared hero of the city few years back.
                                                                Comment
                                                                • jjgold
                                                                  SBR Aristocracy
                                                                  • 07-20-05
                                                                  • 388208

                                                                  #33
                                                                  Paco your lucky I am
                                                                  Not going to Vegas

                                                                  I would fukkin slap you around and take your cigars
                                                                  Comment
                                                                  • shocka1212
                                                                    SBR Posting Legend
                                                                    • 10-06-12
                                                                    • 16788

                                                                    #34
                                                                    3 family..... neighbors pay it for me. (until I get older and start a family)
                                                                    Comment
                                                                    • 19th Hole
                                                                      SBR Posting Legend
                                                                      • 03-22-09
                                                                      • 18389

                                                                      #35
                                                                      Originally posted by ikid2groove415
                                                                      Paco I bet you can’t get good Mexican food In Michigan? Lol
                                                                      MoronX3
                                                                      Comment
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