1. 08-12-18 10:45 AM #1
    Seaweed
    Update your status
    Seaweed's Avatar Become A Pro!
    Join Date: 01-19-12
    Posts: 26,287
    Betpoints: 6952

    How Many of You Have Paid of Your Mortgage?

    Do you believe you will?
    Reply With Quote Reply With Quote
  2. 08-12-18 10:47 AM #2
    Shute
    Shute's Avatar SBR PRO
    Join Date: 03-20-17
    Posts: 11,822
    Betpoints: 10850

    Working to pay off several
    Reply With Quote Reply With Quote
  3. 08-12-18 10:48 AM #3
    LT Profits
    LT Profits's Avatar Become A Pro!
    Join Date: 10-27-06
    Posts: 90,963
    Betpoints: 5179

    Hand raised
    Reply With Quote Reply With Quote
  4. 08-12-18 10:50 AM #4
    Louisvillekid1
    LAMAR MVP!
    Louisvillekid1's Avatar Become A Pro!
    Join Date: 10-17-07
    Posts: 52,044
    Betpoints: 553

    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
    Reply With Quote Reply With Quote
  5. 08-12-18 10:55 AM #5
    Seaweed
    Update your status
    Seaweed's Avatar Become A Pro!
    Join Date: 01-19-12
    Posts: 26,287
    Betpoints: 6952

    Quote Originally Posted by Shute View Post
    Working to pay off several
    Do you worry about it?
    Reply With Quote Reply With Quote
  6. 08-12-18 11:00 AM #6
    dbartinbwgc
    dbartinbwgc's Avatar SBR PRO
    Join Date: 11-11-08
    Posts: 795
    Betpoints: 21563

    Been paid off years ago.
    Reply With Quote Reply With Quote
  7. 08-12-18 11:18 AM #7
    SBR_Guest_Pro
    SBR Intern
    SBR_Guest_Pro's Avatar Become A Pro!
    Join Date: 02-10-15
    Posts: 3,958
    Betpoints: 2939

    wish i could get one
    Reply With Quote Reply With Quote
  8. 08-12-18 11:19 AM #8
    thechaoz
    2019 SBRs Toughest Poster
    thechaoz's Avatar Become A Pro!
    Join Date: 10-23-09
    Posts: 12,155
    Betpoints: 35902

    Own Outright. The rest is for fun and savings for old age.
    Reply With Quote Reply With Quote
  9. 08-12-18 11:24 AM #9
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Rent

    Ok for now

    Gambling small
    Reply With Quote Reply With Quote
  10. 08-12-18 11:26 AM #10
    Booya711
    Big Dikk Energy
    Booya711's Avatar SBR PRO
    Join Date: 12-20-11
    Posts: 27,328
    Betpoints: 16121

    mortgages are for jerkoffs
    Reply With Quote Reply With Quote
  11. 08-12-18 11:32 AM #11
    biggie12
    biggie12's Avatar SBR PRO
    Join Date: 12-30-05
    Posts: 13,467
    Betpoints: 1252

    mortgages and sbr...?

    half these guys couldnt get a 50% annual interest loan. and were talking about mortgages???
    Reply With Quote Reply With Quote
  12. 08-12-18 11:38 AM #12
    Hman
    Hman's Avatar Become A Pro!
    Join Date: 11-04-17
    Posts: 21,429
    Betpoints: 1222

    Still paying
    Reply With Quote Reply With Quote
  13. 08-12-18 11:43 AM #13
    KVB
    It's not what they bring...
    KVB's Avatar SBR PRO
    Join Date: 05-29-14
    Posts: 74,849
    Betpoints: 7576

    Quote Originally Posted by thechaoz View Post
    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.
    Last edited by KVB; 08-12-18 at 11:51 AM.
    Nomination(s):
    This post was nominated 3 times . To view the nominated thread please click here. People who nominated: bonzaii, bozeman, and Chipup
    Reply With Quote Reply With Quote 3
  14. 08-12-18 11:44 AM #14
    USCPHILLYGUY
    HORSES MODERATOR
    USCPHILLYGUY's Avatar SBR PRO
    Join Date: 12-15-12
    Posts: 21,738
    Betpoints: 29335

    Guess I’m a jerkoff then

    year 9 of 30

    1 more year of tax abatement
    Reply With Quote Reply With Quote
  15. 08-12-18 12:13 PM #15
    Philmill
    Philmill's Avatar SBR PRO
    Join Date: 09-30-11
    Posts: 4,272
    Betpoints: 28643

    got it done.... feels great...
    Reply With Quote Reply With Quote
  16. 08-12-18 12:15 PM #16
    Chi_archie
    GASPING FOR AIR
    Chi_archie's Avatar SBR PRO
    Join Date: 07-22-08
    Posts: 63,130
    Betpoints: 2368

    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.
    Reply With Quote Reply With Quote
  17. 08-12-18 12:21 PM #17
    Shute
    Shute's Avatar SBR PRO
    Join Date: 03-20-17
    Posts: 11,822
    Betpoints: 10850

    Quote Originally Posted by Seaweed View Post
    Do you worry about it?
    Every single day.
    Much less stress when my house was almost paid off..... then moved and built a biggun
    Reply With Quote Reply With Quote
  18. 08-12-18 12:34 PM #18
    JMobile
    CM Punk -1000.5 (100X)
    JMobile's Avatar Become A Pro!
    Join Date: 08-21-10
    Posts: 19,064
    Betpoints: 26848

    Quote Originally Posted by Shute View Post
    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.
    Reply With Quote Reply With Quote
  19. 08-12-18 04:39 PM #19
    spro23
    spro23's Avatar Become A Pro!
    Join Date: 07-17-15
    Posts: 1,129
    Betpoints: 8091

    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.
    Points Awarded:

    Sanity Check gave spro23 1 Betpoint(s) for this post.

    Reply With Quote Reply With Quote
  20. 08-12-18 04:41 PM #20
    Shute
    Shute's Avatar SBR PRO
    Join Date: 03-20-17
    Posts: 11,822
    Betpoints: 10850

    Quote Originally Posted by spro23 View Post
    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!
    Reply With Quote Reply With Quote
  21. 08-12-18 04:50 PM #21
    Shute
    Shute's Avatar SBR PRO
    Join Date: 03-20-17
    Posts: 11,822
    Betpoints: 10850

    Quote Originally Posted by JMobile View Post
    Saloon. Shute lives with his parents.
    Shute paying his bills Mobile
    Reply With Quote Reply With Quote
  22. 08-12-18 05:05 PM #22
    KVB
    It's not what they bring...
    KVB's Avatar SBR PRO
    Join Date: 05-29-14
    Posts: 74,849
    Betpoints: 7576

    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.

    Reply With Quote Reply With Quote
  23. 08-12-18 05:19 PM #23
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Good call and correct

    Quote Originally Posted by Louisvillekid1 View Post
    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
    Reply With Quote Reply With Quote
  24. 08-12-18 06:00 PM #24
    Mr KLC
    Mr KLC's Avatar SBR PRO
    Join Date: 12-19-07
    Posts: 30,625
    Betpoints: 384

    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.
    Reply With Quote Reply With Quote
  25. 08-12-18 06:20 PM #25
    paco
    paco's Avatar Become A Pro!
    Join Date: 05-07-09
    Posts: 62,873
    Betpoints: 7051

    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
    Points Awarded:

    KVB gave paco 2 Betpoint(s) for this post.

    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: KVB
    Reply With Quote Reply With Quote 1
  26. 08-12-18 06:25 PM #26
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Lol 18 houses

    I love this site
    Points Awarded:

    ikid2groove415 gave jjgold 2 SBR Point(s) for this post.
    Reply With Quote Reply With Quote
  27. 08-12-18 06:32 PM #27
    biggie12
    biggie12's Avatar SBR PRO
    Join Date: 12-30-05
    Posts: 13,467
    Betpoints: 1252

    Quote Originally Posted by jjgold View Post
    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
    Points Awarded:

    paco gave biggie12 20 Betpoint(s) for this post.

    Reply With Quote Reply With Quote
  28. 08-12-18 06:34 PM #28
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Good point biggie

    Paco once made a video at a strip club bragging about having $500 cash
    Reply With Quote Reply With Quote
  29. 08-12-18 07:00 PM #29
    KVB
    It's not what they bring...
    KVB's Avatar SBR PRO
    Join Date: 05-29-14
    Posts: 74,849
    Betpoints: 7576

    Quote Originally Posted by biggie12 View Post
    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.
    Reply With Quote Reply With Quote
  30. 08-12-18 07:27 PM #30
    paco
    paco's Avatar Become A Pro!
    Join Date: 05-07-09
    Posts: 62,873
    Betpoints: 7051

    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
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: PAULYPOKER
    Reply With Quote Reply With Quote 1
  31. 08-12-18 07:48 PM #31
    ikid2groove415
    ikid2groove415's Avatar Become A Pro!
    Join Date: 01-08-18
    Posts: 11,981
    Betpoints: 1184

    Quote Originally Posted by paco View Post
    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
    Reply With Quote Reply With Quote
  32. 08-12-18 09:55 PM #32
    biggie12
    biggie12's Avatar SBR PRO
    Join Date: 12-30-05
    Posts: 13,467
    Betpoints: 1252

    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.
    Reply With Quote Reply With Quote
  33. 08-12-18 09:57 PM #33
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    Paco your lucky I am
    Not going to Vegas

    I would fukkin slap you around and take your cigars
    Reply With Quote Reply With Quote
  34. 08-13-18 12:08 AM #34
    shocka1212
    [Too Long]
    shocka1212's Avatar Become A Pro!
    Join Date: 10-06-12
    Posts: 16,788
    Betpoints: 3355

    3 family..... neighbors pay it for me. (until I get older and start a family)
    Reply With Quote Reply With Quote
  35. 08-13-18 03:16 AM #35
    19th Hole
    19th Hole's Avatar SBR PRO
    Join Date: 03-22-09
    Posts: 17,839
    Betpoints: 10287

    Quote Originally Posted by ikid2groove415 View Post
    Paco I bet you can’t get good Mexican food In Michigan? Lol
    MoronX3
    Reply With Quote Reply With Quote
12 Last
Top
« Previous Thread | The Saloon | Next Thread »