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Registered on:7/24/2013
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re: 30 Year Mortgage Rates - What is Reasonable - stevengtiger
[quote] I just wonder if this is a case of using a small town mortgage company.[/quote] Not sure about that but I would definitely look around. Your credit score and down payment should get you lower than 4.125%. At least I would think so. Someone on here may correct me. ...
Posted on Money Talk
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re: Information for my fellow Real Estate Investors - stevengtiger
[quote]The LOC works best with flips as you know. With rentals you will either pay OOP or payback what you used on the LOC for down payments. [/quote] This is where having a good realtor helps us tremendously. Example below. Purchase price: $65,000 (deal under market value) Rehab: $7,000 ...
Posted on Money Talk
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re: 30 Year Mortgage Rates - What is Reasonable - stevengtiger
The two questions I have is about your credit score and down payment? If you have good credit and are putting down a decent amount, you should be doing better than 4.125 and probably closer to 3.85-3.90. This was as of a day or two ago. Now if your credit is just OK and you are putting down 5% o...
Posted on Money Talk
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re: Hi, my name is GRTiger, and I'm addicted to Golf Clash - stevengtiger
[quote]So I've realized that they basically group you in with 99 other people at the same level.[/quote] Seriously had no clue. Well thanks for ruining my Clash life bro. ...
Posted on O-T Lounge
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re: Hi, my name is GRTiger, and I'm addicted to Golf Clash - stevengtiger
Currently ranked 4th on Professional II. A little win streak going. 59% winning percentage as of today. ...
Posted on O-T Lounge
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re: Hypothetical: Should the Allies have attacked the Soviet Union after Nazis we’re defeated? - stevengtiger
Would have been terrible for both sides. I can't even imagine how many troops the allies would have lost after seeing how the soviets were willing to lose tens of millions to beat the nazis. The world would be a completely different place. ...
Posted on Political Talk
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re: Information for my fellow Real Estate Investors - stevengtiger
[quote]NO! use the mortgages as leverage, it gives you a better COC ret[/quote] I would look into putting that $500K into a secured fund of some type. Bonds, etc. and then take out a secured line of credit of around $350K with your funds as collateral. That is plenty of money to get started. I'd...
Posted on Money Talk
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re: Let's Talk About Coal - stevengtiger
[quote]There are some huge lignite mines in NWLA and NETX[/quote] Quick poll: Should lignite be considered a "mineral" that miners should pay mineral rights for?...
Posted on Political Talk
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re: Shopping for mortgage/refinance loan? - stevengtiger
Correct. I don't use them for my primary residence but I have all my RE investment properties with them. Very nice people and easy to work with. ...
Posted on Money Talk
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re: Shopping for mortgage/refinance loan? - stevengtiger
[quote]Current rate 6.25% 20 yr amortization. [/quote] How long have you been paying 6.25%? That is almost double what you could get for a 15 year term right now. ETA: To your question, there are several good banks around NWLA, if you are in Bossier. I use Bancorp for my real estate but I wo...
Posted on Money Talk
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re: If you had a million dollars to invest - stevengtiger
[quote]oh please explain how RE is better than the 500% ive made sitting on my arse investing in BTC this year [/quote] You are talking about an anomaly. BTC has been a crazy deal and I am happy for anyone that has done well with is but in general, you are not going to get 500% on anything in the...
Posted on Money Talk
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re: Recs for downtown Memphis hotel besides Peabody - stevengtiger
I have stayed at the Double Tree next store to the Peabody and it is OK. Walking distance to Beale, etc.....
Posted on Travel Board
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re: Cancun: All inclusive or Marriott Cancun on points? - stevengtiger
[quote]Playa is a cool [/quote] Unfortunately, we did not venture into Playa. We did rent a car at the resort and drove through Playa to Tulum. Saw the ruins, ate at a small restaurant and went to the Garden of Eden cenote. Was one of the best days I have spent with my wife. The cenote was incred...
Posted on Travel Board
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re: Cancun: All inclusive or Marriott Cancun on points? - stevengtiger
I know you said Cancun, but the wife and I stayed at the Grand Princess in Playa Del Carmen about a year ago and loved it. You can get a swim out suite for about $20/night and it is worth it. Food was great, drinks were great and they have several huge pool areas. Beach was good but kind of crowded ...
Posted on Travel Board
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re: Information for my fellow Real Estate Investors - stevengtiger
[quote] I am happy for you though. Love to see this type of success[/quote] Thank you sir! [quote]You will be retired at 40 at this rate.[/quote] My real goal is to retire around 52-55 years old and be able to do what I want. ...
Posted on Money Talk
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re: Information for my fellow Real Estate Investors - stevengtiger
[quote]You do a majority of the work yourself?[/quote] Negative. I have a contractor that does just about everything and my realtor handles the rest. I have mentioned it before but I have a great team that I depend on for just about everything but signing the paperwork. Not doing the work ourselv...
Posted on Money Talk
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re: Information for my fellow Real Estate Investors - stevengtiger
Been doing pretty good. Real job has me pretty busy but we have been steadily increasing our property count. Up to 6 occupied rental houses and currently working on 6 flips. Have 3 completed and on the market with one under contract and working on 3 more projects to flip. If we can get the house...
Posted on Money Talk
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re: Information for my fellow Real Estate Investors - stevengtiger
Whats up REI brethren? My bad I haven't seen thread recently. Been out of town and busy working. FB, hope all is well bro!!...
Posted on Money Talk
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re: This little tiger needs your help **updated w/ link ..... - stevengtiger
As a father of a 4 year old and 2 year old daughters, this hits home for me brother. God bless and good luck to Katie. I'll be thinking about you and the wife as well. I honestly could not imagine going through what you are right now. Stay strong and keep us posted. Great looking kids!! ...
Posted on Tiger Rant
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re: At what point and age did your 401k really start to grow? - stevengtiger
I am having the same issues as the OP as far as not seeing much movement but know it will just take time. IMO, 401K is just one of those financial rules you follow and it will pay off over the on long term. Set it up, get a company match and check it every other month or so. Ride out any downturns w...
Posted on Money Talk
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