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  1. NoMoneyDown

    States With No Income Tax!

    TAXES | REGS 
    I'm surprised they didn't mention the high property taxes (upwards of 3% or higher) and insurance rates for Texas. Most localities also add their own sales tax to make it a total maximum of 8.25%.
  2. NoMoneyDown

    ProTip: Always use SFTP over FTP

    WEB/DIGITAL 
    Yes, or SCP - both are roughly the same, using SSH for secure encryption. Just make sure you use protocol 2 of SSH as protocol 1 has some known issues.
  3. NoMoneyDown

    Judge screws me on eviction of contract for deed

    REAL ESTATE 
    I've yet to evict a tenant (knock on wood) but have come very close. The threat of all the bad things that the tenant will endure usually suffices to get them out, but a few needed a little extra "shove" (the worst being I ate a month's rent and had to pay the tenant's late utility bills). :)...
  4. NoMoneyDown

    Real Estate Discussion Questions

    REAL ESTATE 
    As kwerener mentioned, there are so many "it depends" questions. For example, 1-4 unit SFR's are considered residential property while 5+ unit properties are generally(/always?) considered commercial. I generally like Keller's approach in buying units vs. buying properties. And the more...
  5. NoMoneyDown

    I'm gonna be a Dad!!

    OFF-TOPIC 
    Congrats, and I second those that mention sleep. After a while, you'll find yourself wanting to sell everything you have for just 20 mins of non-interrupted sleep. I have three - the last two being twins, which didn't double the pain (and pleasure), but quadrupled it!
  6. NoMoneyDown

    Hello From Texas

    As a fellow Fastlaner and Texan, welcome pard'ner!
  7. NoMoneyDown

    anyone get burned in the recession - how do you plan to recover?

    REAL ESTATE 
    Re: anyone get burned in the recession - how do you plan to recov That sounds similar to the very first investment property I bought. A HUD f/c for $101k. I purchased it with 5% down and an 80/15. Refi'd a month later at 80% LTV using an ARM. The rate was around ~5% at the time, and moved...
  8. NoMoneyDown

    Why Singers/Actors dont lower prices with Competition?

    :eek: :rofl:
  9. NoMoneyDown

    Generation Me

    MINDSET 
    Without getting to deep into sociology and the psychology of today's youth, I can only say children are - for the most part - a reflection of two things: their parents and their environment. The parental part is crucial. Today's youth are living in a much different world than when I grew up...
  10. NoMoneyDown

    House Flipping Makes a Comeback

    REAL ESTATE 
    ABCNews had a segment in their evening news last night about house flipping coming back in southern California. Said people are getting into bidding wars with other would-be owners AND investors. Showed one investor who bought a home that was worth $470,000 a year ago for only $135,000 and put...
  11. NoMoneyDown

    Stuck at nothing

    WEB/DIGITAL 
    The problem many eager computer programmers face on the forefront is they want to jump right in and start coding. This is the wrong approach. The correct approach is to gather ALL your requirements up front and start going through each function of the site. Don't think about the tools needed...
  12. NoMoneyDown

    19 Years old: First RE Deal done

    REAL ESTATE 
    Excellent job! Aside from most of the stuff you wrote, the thing that popped out to me was the fact that you STUCK TO YOUR GUNS on the price - especially for it being your first deal. That takes some serious guts to do - even if that is all the money you COULD offer. You learned a very good...
  13. NoMoneyDown

    Tiger Jokes

    FUNNY 
    I agree wholeheartedly. Thanks. Unfortunately these days, middle-aged, (balding,) caucasian men (most notably, fathers) are usually the brunt of most jokes. I certainly have no problem with jokes, but think it does cross the line many times (not to say this photo does, but turned around I...
  14. NoMoneyDown

    Currently Stuck, Need Urgent Help

    One of two things will happen with your life now. Either you'll become a successful entreprenuer and make millions, or you'll swim around and do what the majority of everyone else is doing. I always find that when someone has absolutely nothing left - except the energy to succeed - is the...
  15. NoMoneyDown

    Tiger Jokes

    FUNNY 
    Jonleehacker - This in no way is directed at you as I have my upmost respect for you and have seen this same photo in other places on the internet. It's interesting how our society has evolved to a point where (perceived) DV against a man is seen as a joke, but turned the other way is...
  16. NoMoneyDown

    Which RE investing books to choose?

    REAL ESTATE 
    First and foremost, read "The Millionaire Real Estate Investor" by Keller. It is hands-down the best "foundational" book on RE investing. Once you have finished reading it (several times, preferably) then jump to something that is more the niche of what you want to do in REI. You mentioned...
  17. NoMoneyDown

    Property Tax Increases

    REAL ESTATE TAXES | REGS 
    Mine went down this year after very small increases the past several years. We bought a new personal residence in Dec of last year and were able to challenge our property tax value (a $325k home, bought for $250k, and taxed at $240k). All of our rental properties also had a decrease in taxes...
  18. NoMoneyDown

    Valuation of a Property Management company

    REAL ESTATE 
    I second Bilgefisher's response. I do my own PM for my properties and the experience has been immeasurable. After several years, all the OJT formulates you into doing one of two things: getting out of the PM/Landlording business completely, or becoming exceptionally good at it. Nobody really...
  19. NoMoneyDown

    Godaddy.com advice

    WEB/DIGITAL 
    I'm curious as to why those of you who said you like GoDaddy for purchasing domain names but not hosting feel that way? I recall a thread on here where many were complaining about GoDaddy, regarding them secretly purchasing domain names that people would search on (or something to that affect)...
  20. NoMoneyDown

    Black friday

    OFF-TOPIC 
    I've found that recently (last few years), stores seem to have similar sales after Black Friday up through New Years Day - sometimes it's even better than Black Friday. It all depends on how their sales season is going, I would assume.

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