FIFY...snip... It’ll likely be delicious
FIFY...snip... It’ll likely be delicious
Understand that brother early riser. Is it chilly your way too?Yeah no breakfast eater here either but when you get up at 4 in the morning like i do, by 10 i’m starving for a lunch.
51° this morning Bullshit!
Shut the front door husha your face
Yeah, we're looking at Lowes in the low 40°'s for the 10 day. It was like a switch flipped.51° this morning Bullshit!
Good morning.
Awww there there now…51° this morning Bullshit!
Good morning.
70+ on the weekend. A few more of those please.Yeah, we're looking at Lowes in the low 40°'s for the 10 day. It was like a switch flipped.
Awww there there now…
Mid 50's to mid 60's here.70+ on the weekend. A few more of those please.
Have your trees started changing yet? They're just starting here.Mid 50's to mid 60's here.
LOVE VERUCA SALT70+ on the weekend. A few more of those please.
Ixnay on his trees!Have your trees started changing yet? They're just starting here.
Correct. I owned the places for a very long time, and I would have got hit with about $60,000 in Capitol Gains taxes if I took a lump sum, which he originally offered, so to avoid that I owner financed, which is a little scary, but the guy gave me 100k as a down payment, and I have a clause in the mortgage called "assignment of rents" if he doesn't pay. I'm holding the mortgage for 3 years, during which I'll make an additional 25k on interest, and then he will have a large balloon payment at the end of the 3 years. So basically spreading the money out of a 4 year period to reduce my taxes and maximize my income.So you didn't get all cash when you sold the student rentals, and instead you're acting as the bank?
Morning, fun plans for your day off?Good morning, funky people.
The Manfredo Bank of NYCorrect. I owned the places for a very long time, and I would have got hit with about $60,000 in Capitol Gains taxes if I took a lump sum, which he originally offered, so to avoid that I owner financed, which is a little scary, but the guy gave me 100k as a down payment, and I have a clause in the mortgage called "assignment of rents" if he doesn't pay. I'm holding the mortgage for 3 years, during which I'll make an additional 25k on interest, and then he will have a large balloon payment at the end of the 3 years. So basically spreading the money out of a 4 year period to reduce my taxes and maximize my income.
Plus the buyer is a billionaire investor so I feel a little better. Pretty sure he is banking on prices going up dramatically around here, and he's probably right!!