Favorite team:LSU 
Location:Northern Virginia
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Number of Posts:3343
Registered on:10/22/2003
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re: Over 65 Cash Offers for Property >$300k in DC Area - Im4datigers
I'm in Leesburg........15 offers on day one for a townhouse down the road from my home. That was considered low in this market. Buyers are waiving appraisals, inspections and making purchases sight unseen right now. Also adding in escalation clauses to go WAY WAY WAY above asking price. ...
Posted on O-T Lounge
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re: Dealing with SBA / local bank on loan for business closing due to COVID - Im4datigers
[quote]Defrauding a PPP loan is not the way to get goodwill from the SBA.[/quote] Again, the relationship is between borrower and bank. Getting goodwill from the SBA is irrelevant in this case. The borrower will have zero communication with the sba with either the ppp loan or the sba loan. They ...
Posted on Money Talk
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re: Dealing with SBA / local bank on loan for business closing due to COVID - Im4datigers
I get the 60/40 split thing but again, if forgiveness ends up being like round 1 they’re only going to complete a form and sign it. They wouldn’t need to show where the funds went. Worth a try if they truly want to shut it down and be done...
Posted on Money Talk
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re: Dealing with SBA / local bank on loan for business closing due to COVID - Im4datigers
Also, what is the Sba loan secured by? Very important to know before you start playing hardball with the bank? Is it secured by liquid collateral or real estate (ie personal residence) or is there just a UCC lien filed on all business assets? If it’s just secured by a general ucc lien then t...
Posted on Money Talk
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re: Dealing with SBA / local bank on loan for business closing due to COVID - Im4datigers
You have to deal directly with the bank. Bank makes the loan, SBA only provides a guaranty if it goes bad. As a banker, I get it, but they need to repay the debt. Will probably be more costly for the bank to pursue collecting it just for $25k, but they probably will nonetheless if there are pers...
Posted on Money Talk
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Need a GIF of that L!!! - Im4datigers
Who’s got it???...
Posted on Tiger Rant
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re: Selling/Buying Using Same Real Estate Agent - Im4datigers
what kind of market are you in? Is he going to have to really work to sell your home or is it like it is here in northern virginia where you throw a sign up and have 10 offers immediately? If that's the case I'd pay him 1% for selling your home. The 1% rebate on the purchase of your new home ...
Posted on Money Talk
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re: Anyone follow lumber prices? - Im4datigers
Get a fixed price contract. I finance a lot of builders and prices are all over the place. Market will come down, but they can’t find it from an inventory standpoint. Hearing they can’t only buy lumber almost real time right now. Seeing a lot of people building homes get last minute surprises w...
Posted on Money Talk
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re: Set your Stop Loss on GME. It's your only hope of selling - Im4datigers
[quote]Setting a stop loss does NOT mean it will ever reach it and sell it. It simply you telling your broker that if it drops to this price... sell it. [/quote] This right here......if it drops as fast as it rose, you can kiss your arse and money goodbye. It’s going to def leave a mark when you s...
Posted on Money Talk
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re: Anyone interested in Dillard's stock? - Im4datigers
From what I recall, doesn't Dillards own the majority of their real estate? They've sold several fairly significant holdings over the past year or two. Could be dead wrong, but I thought there was an article on it several months back (and yes, I'm too lazy to google it)...
Posted on Money Talk
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re: Reminder: The Rant praised the Pelini hire - Im4datigers
My goodness the entire first page was basically spot on!!!...
Posted on Tiger Rant
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re: Just met Jake Peetz looking at the house next door to mine... - Im4datigers
Ok Lexington estates ...
Posted on Tiger Rant
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re: Just met Jake Peetz looking at the house next door to mine... - Im4datigers
What’s the nanny situation. You know damn well there’s no way in hell one person can handle 6 under 6. Humanly impossible and you know he’s working 16 hour plus days during the season. ...
Posted on Tiger Rant
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re: Can someone link me to the video of Mike jumping at an opposing player - Im4datigers
sure, let me go fire up the VCR beta version...
Posted on Tiger Rant
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re: Any PPP 2.0 updates? - Im4datigers
buckeye - what bank do you work for? NOVA?...
Posted on Money Talk
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re: Any PPP 2.0 updates? - Im4datigers
"The approval process is different this time around. Last time the banks would enter the loan into Etran and immediately get a loan number confirming the loan. This time etran is no more and there is supposedly a couple of days for approval" Dead on.......we submitted a few Sunday and just got ap...
Posted on Money Talk
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re: PPP question for a new company - paging VABuckeye - Im4datigers
[quote]This round is all about revenue for reasons unknown.[/quote] Um, maybe because 75-80% of companies that took PPP money in round 1 didn't actually need the money? :rolleyes:...
Posted on Money Talk
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re: Good morning! ZOM taking off again - Im4datigers
bought in at 0.24 and absolutely beating the shite out of myself for not buying more than the $750 I tossed in. Of course had I put in $15k it would have gone bankrupt the next week. ...
Posted on Money Talk
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re: I don’t understand the buyouts - Im4datigers
Google Bobby Bonilla if you want to see something about shitty contracts made. ...
Posted on Tiger Rant
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re: Anyone lived in DC? Just got a new job there - Im4datigers
City of Alexandria or Fairfax county Alexandria. As I mentioned, certain pockets everywhere but not like New Orleans and Baton Rouge. Not even close anywhere other than SE DC. ...
Posted on O-T Lounge
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