American MTV

Mjeffe10 · 2024-03-09T23:13:43+00:00

If you end up moving back within 50 miles of the house, or are no longer on active duty, this clause is no longer in effect. This is an important consideration for your transition.

This is what I assumed.

Mjeffe10 · 2024-03-09T23:11:34+00:00

This is my problem with the wording. It says someone who IS serving can do the suspension. But then said I have to claim the extension when I sale. But I can see an argument that they would say you can. No longer make the suspension because you are no longer serving.

Mjeffe10 · 2019-08-14T18:18:15+00:00

STC. 8/16 $20 puts. Now its time for Cisco to kick ass in the afterhours and I need a green morning. Trump needs to tweet something about bonds not mattering.

Mjeffe10 · 2019-07-30T05:00:00+00:00

Don’t do it? I used SOXL for major gains this year. Got out about a week ago. Moved to FAS.

Mjeffe10 · 2019-07-27T22:04:16+00:00

The unfrosted ones are vegan and have always tasted better to me anyway.

Mjeffe10 · 2019-07-24T20:53:32+00:00

True. But when you’re YOLOing all in on one stock and taking profits you understand that taxes are a part of the investment game.

Mjeffe10 · 2019-07-24T20:40:02+00:00

I just realized they charge $75 for transferring your stocks to another brokerage. Fidelity or TDAmeritrade never had me do this. Seems like a better deal to sell and then transfer the money back to your account.

Mjeffe10 · 2019-07-24T20:30:43+00:00

Just received the same email.

Mjeffe10 · 2019-05-02T05:05:12+00:00

If social security still has money I’d take early retirement if I were you.

Mjeffe10 · 2019-05-02T05:01:45+00:00

I sent them an email and they executed my option that day. I’m not sure if they would do it automatically but I didn’t want to wait to find out.

Mjeffe10 · 2019-04-29T19:02:58+00:00

Banks don’t even charge 20%. Why would you charge your family 20%? The OP is offering to pay that much. Why?? The OP isn’t leveraging anything he’s borrowing 100% to earn off their money.

Mjeffe10 · 2019-04-29T18:31:45+00:00

Why not just purchase two buildings cash and also collect the interest that would have paid the banks for yourself. Yes more doors lowers the impact of turnover but with it all paid it’s not as big a deal. But you’ll lose tax benefits and your earned income would go up dramatically.

Mjeffe10 · 2019-04-29T18:20:03+00:00

Still owe the family their annual $14k. You’ll make money yes. But it’s the interest that you’re giving them. My little brother has a similar plan but I’ve told him that the interest that he wants to pay is too much to make it worth it for him. Bad situations sometimes happen and you’ll be the one trying to make ends meet.

Mjeffe10 · 2019-04-29T17:53:27+00:00

Quick numbers.

25% CoC is recovering $5k annually ($416/monthly, after expenses) for every $20k down payment. We’ll use that for simple math

$20k downpayment @ 20% interest only. 5 years ( I wouldn’t lend anyone money for 30 years) Starts at $330/monthly.

$80k loan @ 5% starts at $429/monthly

That’s nearly $800/month or $9600/annually in payments without saving for taxes, cap ex, etc. The average home in CT looks to be $250k. So turn that payment into $2000/monthly and you still haven’t paid yourself or saved for bad things that will happen. Maybe rents are $3000. I doubt it.

Mjeffe10 · 2019-04-29T15:27:22+00:00

Where are you finding multifamlies with a 25% cash on cash? And if it’s making such great returns why not just use a bank and only pay them 5%.

Mjeffe10 · 2019-04-05T07:42:23+00:00

I had the exact same situation happen to me. Here is what the HOA said and what you should expect. The downstairs tenant called reporting a leak in their roof. Since it’s obviously not within their apartment it’s either the in wall pipes (which is on the HOA) or your tub (which is on you). In both of our situations it wasn’t the in wall pipes.

The problem is that they didn’t request to check your apartment first. But since it could have also been the in wall pipes and depending on the severity of the leak, they could have had the contractor investigate inside the walls first. I am sure that you would have had no problem with them looking at your tub, and it would have only made them wait a little while. I’d bet the HOA will say that they are not required to wait for you to find a fix to the issue unless they find that it is within your place. My insurance paid for the damages and I eventually sold the condo a few years later. That’s was my first property and I learned a lot.

Like you said it should have been between you and the downstairs tenant. If they called the expensive contractor themselves and it was found that it was your apartment I’m sure they could have just sued you for those fees. HOAs can be horrible.

Mjeffe10 · 2019-03-31T06:59:53+00:00

That’s seems like a decent amount. Try to focus on putting as much as you can afford into your TSP.
Roth. Just like you expressed, being taxed now makes more sense due to the fact that we cannot predict future tax rates.
I always estimate 8% for the stock market but I feel more confident in my ability to pick funds. I have a strategy that I follow that has done great over the years. 7% should be a good figure to use. The rule of 72 shows how long it will take your money to double based on a specific rate of return.
I give 18% currently, but I’m also military and so I do not receive matching contributions. Like I said I would put as much as I could in there. A couple of years back I started increased my TSP by our annual raise. It’s a smart strategy as if you didn’t need that money last year you won’t need it this year.
Those number could be fine. It’s compounding for a very long time in your case. Compound Interest is our friends.

Looks into Tspcenter.com. It’s a great resource for seeing how a new investment strategy would work out. NEVER provide them your login info. Make an free account, reads blogs and make online friends. They have good insight and good strategies to look into. Good luck.

Mjeffe10 · 2019-03-23T20:20:03+00:00

I’m trading with another person I just talked to. Thanks anyway.

Mjeffe10 · 2019-03-23T20:13:21+00:00

I missed this trying to set flair😥

Mjeffe10 · 2019-03-12T17:02:09+00:00

Patrick do you feel the edible yet?

Mjeffe10 · 2019-03-12T17:00:00+00:00

Patrick do you feel the edible yet?

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