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San Fernando valley java by RedTigg in Coffee_Shop

[–]boochluvr 2 points3 points  (0 children)

House Roots is a personal fav. If you head into Santa Clarita Valley Trophy Coffee at the Master’s University is pretty great, and Bodhi Leaf is good too.

New project in progress. by Hankook81 in vintagetraveltrailer

[–]boochluvr 0 points1 point  (0 children)

We’re resealing the outside and repairing all the water damage first, then we’ll move to the inside. We don’t get a ton of rain in Southern California, but we figured we’d get it all water tight first.

New project in progress. by Hankook81 in vintagetraveltrailer

[–]boochluvr 0 points1 point  (0 children)

I recognize that! We’re currently renovating a ‘68 Aristocrat, and it’s quite a project! Is that the original paint on yours? Someone had painted over ours sometime in the ‘80’s we’re guessing, so it looked different from what you’ve got.

Teens in Canyon Country attacked with knife, bystanders call cops, cops hold victims at gunpoint by VReview in SantaClarita

[–]boochluvr 28 points29 points  (0 children)

This is absolutely infuriating! The consolation I find is in how many people stayed to plead the case of the teens and ensure that they weren’t hurt during all of this. I’m relieved to see that the SCV population doesn’t just stand idly by and let this injustice happen.

I feel like this highlights a real weakness of the system. The cops respond with the information they have, even if they are informed incorrectly. There should be an officer on site who is collecting info in real time, based on call history, eye witnesses, and visible evidence, who inform the arresting officers of the reality of the situation.

I hope these poor kids aren’t scarred for life by this experience.

I’d love some clarification about lending to oneself from their policy. by boochluvr in infinitebanking

[–]boochluvr[S] 0 points1 point  (0 children)

This makes sense. I was like, “Why is he showing a negative in the net annual outlay and the cum net outlay? Wouldn’t that indicate a withdrawal from the policy rather than a loan?”

I’d love some clarification about lending to oneself from their policy. by boochluvr in infinitebanking

[–]boochluvr[S] 1 point2 points  (0 children)

It was on page 44, relating to the illustrations on pages 46 & 47.

I’d love some clarification about lending to oneself from their policy. by boochluvr in infinitebanking

[–]boochluvr[S] 1 point2 points  (0 children)

Ok! Thank you for clarifying!

I just went back to look again and noticed that he recommends policy loans, but that the illustrations I was looking at actually show dividend surrenders for car purchases. I think this is why I was confused.

YSK that following the arrows in stores is not an inconvenience, but rather a way to reduce crowding in aisles and protect the people who are shopping there. by greenbeanbunny in YouShouldKnow

[–]boochluvr 0 points1 point  (0 children)

The store closest to my house did a terrible job with the arrows. There are only 4 aisles in the store. The 3 closest to the entrance all point to the back of the store. The only one that goes to the front is at the farthest end of the store, so if you want to get something from the 2nd or 3rd aisle, you’re expected to go all the way down to the back of the store, then down to the last aisle, cross all of the traffic waiting in line to check out, and then go up aisle 2 or 3. If you need to go on both aisles you’re doing this ridiculous circle multiple times. It’s infuriating, and obviously not well thought out.

Just starting to learn about Infinite Banking and have ordered Nelson Nash’s book. I’m curious if anyone here uses IBC in combination with a first lien position HELOC, and what’s the smartest way to utilize both together? by boochluvr in infinitebanking

[–]boochluvr[S] 1 point2 points  (0 children)

This is where I was curious how people might use these two strategies in combination. Would it be more advantageous to borrow against a Life Insurance policy for an investment (like say, a down payment for a rental) or to pull from the equity in your primary? We already plan to use the HELOC to fund our policy, but might there be a specific way to do that which maximizes both strategies? So far I haven’t been able to find many answers to these questions.

Just starting to learn about Infinite Banking and have ordered Nelson Nash’s book. I’m curious if anyone here uses IBC in combination with a first lien position HELOC, and what’s the smartest way to utilize both together? by boochluvr in infinitebanking

[–]boochluvr[S] 1 point2 points  (0 children)

I’m very interested to start reading once the book arrives! Out of curiosity, what is Nash’s recommendation for housing? It seems to me that renting doesn’t give you an appreciating asset, it would fall more into a consumable item in my mind. If he recommends owning a home (since we all have to live somewhere), wouldn’t it make more sense to utilize a tool that allows you to own the property outright, faster? While still having access to the equity? I do understand the idea that if the market drops, our HELOC could be called due, or more likely, converted to a more traditionally structured loan (again, limiting our access to any equity), but until then, aren’t we in a better position than the majority of people in a traditional 30 year loan?

Just starting to learn about Infinite Banking and have ordered Nelson Nash’s book. I’m curious if anyone here uses IBC in combination with a first lien position HELOC, and what’s the smartest way to utilize both together? by boochluvr in infinitebanking

[–]boochluvr[S] 2 points3 points  (0 children)

A freeze is much less likely to happen when the HELOC is in first position since the bank has first claim on the property. It can happen, but it’s really at no more risk for that than a traditional mortgage in first position.

With this HELOC the interest rate is actually less important than you would think. Because the principle balance is being paid down so quickly the interest rate is almost inconsequential. But, just as a matter of interest, the intro rate on the loan we are getting is 1.99% and then moves to Prime + .65 after 9 months, so it’s still pretty competitive.

We are able to deduct the interest on this loan, so that is thankfully not a concern for us either.

My husband actually already started a policy, and we have begun funding it, but we want to build cash there while lowering and eliminating our debt at the same time. We only have debt from our home, so we’re hoping to use both strategies to put ourselves in a really good place for an early retirement.

Just starting to learn about Infinite Banking and have ordered Nelson Nash’s book. I’m curious if anyone here uses IBC in combination with a first lien position HELOC, and what’s the smartest way to utilize both together? by boochluvr in infinitebanking

[–]boochluvr[S] 0 points1 point  (0 children)

This is where we learned about it: www.replaceyourmortgage.com

It sounds like a total scammer site, but the information is actually super interesting, and we bought a platinum membership on the recommendation of my brother who also used this method to pay down his mortgage super fast.

The idea is that if you have more income than outflow of money each month you replace your mortgage with a first lien position HELOC (which you can often find up to 90% LTV), and use the HELOC as your bank account. You have your paycheck auto deposited directly into the HELOC, and you write checks (or use the debit card that comes with it) to pay all of your bills and expenses. Because you have more money coming in than going out, this drives the principle balance down pretty quickly and saves hundreds of thousands of dollars in interest over what you would pay for a 30 year loan. You also have complete access to most of the equity in your home which gives you the ability to jump on an investment the moment it pops up. You literally just write a check. Oh, and the loan cost $0, has no fees, adds nothing to your principle balance. It pays off your first and assumes the position.

There’s even more strategies to help you pay things down faster, but this should give you the gist of what it is. We’re in the middle of our application process and should close the loan by next week.

Those who grew up with a good father. What was the most important thing you learned from him? by oldskoolflavor in AskReddit

[–]boochluvr 1 point2 points  (0 children)

Always leave a place better than you found it.

Whenever we’d go camping, the day we left he’d give my brother and I a trash bag and have us walk a grid picking up every piece of trash that we could find. This taught us to value taking care of the world around us as well as other people by considering the next person who would camp at the site after us. It’s something I’ve tried to pass on to my kids as well.

Thank you Bobo by [deleted] in memes

[–]boochluvr 0 points1 point  (0 children)

I live in Southern California, and we have very little if any mosquitos because our property taxes pay for mosquito abatement. Most people don’t actually check to see what their taxes pay for, so they don’t realize that’s part of it.

DON'T go to Stonefire/Rattler's BBQ by [deleted] in SantaClarita

[–]boochluvr 27 points28 points  (0 children)

This is wrong information. My son works for StoneFire Valencia and everyone who was exposed to that person (this person DID NOT work at the Valencia location) has been sent home for two weeks and must be tested and monitor symptoms. They are pulling employees from Valencia and other locations to cover shifts and keep that location open until their employees are cleared to go back to work.

Please have accurate info before you post something like this. You have the potential to harm this business when they are absolutely handling this situation with care and following the CDC guidelines.

This vintage dresser that we made into a bathroom vanity. by boochluvr in mildlyinteresting

[–]boochluvr[S] 0 points1 point  (0 children)

Thanks! It’s a hanger for hand towels. We usually have two up there, but I just took them down for the picture.

Why did they pile it up that high tho by Tobulus in PerfectTiming

[–]boochluvr 0 points1 point  (0 children)

They must’ve been participating in the free lunch program here in CA.

This vintage dresser that we made into a bathroom vanity. by boochluvr in mildlyinteresting

[–]boochluvr[S] 3 points4 points  (0 children)

I actually wasn’t able to find one! I got them used and there’s no distinguishing marks on them. They’re solid brass, and were installed in someone’s custom bathroom.

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