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Started By
Message
re: Anybody here completely debt free?
Posted on 1/13/15 at 2:15 pm to Will Cover
Posted on 1/13/15 at 2:15 pm to Will Cover
quote:
and a pool
I had a swimming pool when I was a kid - I love swimming pools. I would like to have one before I get too old - but I'm not borrowing money to install one if it hairlips the Pope.
2
Posted on 1/13/15 at 2:16 pm to 777Tiger
quote:
he did have an insider at the bank helping him get the properties though
your friend is savvy, that's good business right there
Posted on 1/13/15 at 2:16 pm to Ace Midnight
You love the idea of a swimming pool
Posted on 1/13/15 at 2:16 pm to DirtyMikeandtheBoys
I'm talking 10-15 years down the road, I don't have the kind of capital that requires right now
Posted on 1/13/15 at 2:17 pm to Will Cover
quote:
Now it's mortgage and a pool.
Still a sweet lay out.
Posted on 1/13/15 at 2:18 pm to yellowfin
quote:
i'd do something similar cause thankfully family owns a bank
thought you might, that would be a good opportunity, the guy I'm talking about did all of the work though, he was a pretty good contractor and did a few "legit" remodels, builds, and had 3-4 guys working for him to maintain the properties, it can be done without swinging a hammer though, the place in FL that I was referring to is paid off, brings in about 50k/yr., and I haven't even seen it in almost 9 years
Posted on 1/13/15 at 2:19 pm to yellowfin
That's where the partner comes in 
Posted on 1/13/15 at 2:20 pm to DirtyMikeandtheBoys
quote:
You love the idea of a swimming pool
Fair enough.
Posted on 1/13/15 at 2:21 pm to Ace Midnight
Where's the laugh track?
Posted on 1/13/15 at 2:22 pm to yellowfin
I love the idea of flipping houses, just don't have the capital to get started. Maybe someday when I'm truly debt-free.
Posted on 1/13/15 at 2:23 pm to Tiger Ryno
I am. Thank God for parents who started saving for my college when I was a newborn. 
Posted on 1/13/15 at 2:24 pm to Tiger Ryno
Just student loans for the moment. However, they are locked at a 1.85% interest rate. I have the money to pay them off completely, but refuse to do so.
Posted on 1/13/15 at 2:29 pm to Tiger Ryno
Yes.
Posted on 1/13/15 at 2:29 pm to LSUBoo
quote:
I love the idea of flipping houses, just don't have the capital to get started. Maybe someday when I'm truly debt-free.
one way to get started is to downsize your current house, buy a fixer upper, live in it while you're fixing it up, sell it, then use the equity to keep doing it, you really have to buy it at the right price, and keep your costs under control, I really enjoy doing it
Posted on 1/13/15 at 2:30 pm to Tiger Ryno
44k left on my house..
Posted on 1/13/15 at 2:31 pm to Ace Midnight
quote:
I had a swimming pool when I was a kid - I love swimming pools. I would like to have one before I get too old - but I'm not borrowing money to install one if it hairlips the Pope.
Got a fairly good deal on an unsecured loan at 5.8 % interest.
That way if I don't pay, I can keep the pool.
Only kidding, I'll pay.
Posted on 1/13/15 at 2:32 pm to taylormade
0 debt as of this morning!
Posted on 1/13/15 at 2:32 pm to fishfighter
quote:
Still a sweet lay out
We're almost done. I'll update the other thread when it is all said and done.
Posted on 1/13/15 at 2:32 pm to Will Cover
This is going about the way I thought it would.
Posted on 1/13/15 at 2:36 pm to DirtyMikeandtheBoys
sure just mail me 50 million dollars and we'll get start purchasing equity in local o&g service companies that are struggling
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