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  1. MonTexan

    Anyone from HOUSTON here?

    OFF-TOPIC 
    I'm in Houston as well and would be up for getting together. I live in the Heights...lots of good bars and restaurants in my neighborhood.
  2. MonTexan

    2012 B&P Presentation Topics

    HOT! 
    I plan to discuss a technical stock trading strategy...no catchy title has come to me just yet though. See you all soon!
  3. MonTexan

    2012 Beer & Pancakes

    HOT! 
    I get in at 11:00am on Thursday as well...am definitely down for the drinks! I plan to hike Camelback Thursday afternoon if anyone else is interested??
  4. MonTexan

    2012 Beer & Pancakes

    HOT! 
    I'm in. Who's up for hiking Camelback Thursday afternoon??
  5. MonTexan

    Looking to buy 3 family home that is foreclosed, need some advice

    REAL ESTATE 
    Check out this post for some answers to your questions. Specifically, I laid out the recipe for how I've purchased numerous bank-owned homes - often when I wasn't the highest bidder. Best of luck.
  6. MonTexan

    Your number 1 best stock pick right now?

    HOT! INVESTING 
    Yes, I have made decent money lately in SDS - 2X leveraged short of the S&P500.
  7. MonTexan

    American Greed: How Do You Feel?

    For me, that show simply reinforces the notion that nobody is going to mind my money like I would. I have always been skeptical of brokers and money managers because they nearly always have their best interests at heart...not yours. You know why they call them brokers, right? Because they're...
  8. MonTexan

    Your number 1 best stock pick right now?

    HOT! INVESTING 
    I'll thow my hat in the ring as well. I've been moving in and out of FAZ a bit lately and making good money, originally buying around $41. This is a bearish ETF which tracks three times the inverse of the financials (basically XLF) which is composed primarily of JP Morgan, BofA, Wells Fargo...
  9. MonTexan

    Looking to get into real estate. What to do?

    REAL ESTATE 
    Yes, that is what I am saying. In my area and from my experience, multiple cheap properties will provide better cash flow than one more expensive one. Whether you pay all cash or leverage via financing will certainly affect your ROI and is more of an individual decision that must be made.
  10. MonTexan

    Looking to get into real estate. What to do?

    REAL ESTATE 
    Z5 - As Runum says there are too many unanswered variables to give you a black and white answer on which investment is "best." Personally, I like the "5 cheap houses" option much better than "one expensive house." There are definite advantages to owning a portfolio of rental property...
  11. MonTexan

    Creating an App

    WEB/DIGITAL 
    Anyone have experience creating applications for mobile devices? I know there are WYSIWYG programs out there and am curious if anyone has used them, but I'm leaning more toward working with a developer on this project. Generally I let myself get too far down in the technical weeds on...
  12. MonTexan

    Fat ho burgers!

    I'll take a #2 - "Supa Dupa Fly Ho w/Chz." (Double Meat fo sho!)
  13. MonTexan

    Income tax for the self-employed?

    TAXES | REGS 
    In the US: You will most likely get a "1099" after the first of each year from the contractor you are working for which will detail how much you were paid during the prior year. A copy will also be sent to the IRS to keep you honest. You will then report this 1099 income along with 1099...
  14. MonTexan

    in a rental...what do most view as better..15yr mortgage or 30 yr

    REAL ESTATE 
    Are you *SURE* about your expectations on net income for this deal? Netting $700/mo on a SFH with a 15 year mortgage sounds like a stretch to me. What's your expected purchase price, down payment, and gross rent? Just want to make sure you fully understand the numbers before jumping into your...
  15. MonTexan

    B&P 2011 Impressions?

    You need to learn how to party. You need to learn how to party. Bill and I were giving partying lessons the whole weekend. We will most likely be doing so at B&P 2012, so you better come prepared to learn! All in good fun...was great meeting you. Bring the tie back next year and I'm...
  16. MonTexan

    Great Graphs: Transfer of Wealth in US

    HOT! 
    Good eye. This is because the money/value is transferring from the uneducated, unmotivated, heard-following masses to the handful of opportunity-seeking, action-takers. Have you ever seen charts of mutual fund money flows? Invariably money flows (by the billions) into funds at market tops...
  17. MonTexan

    in a rental...what do most view as better..15yr mortgage or 30 yr

    REAL ESTATE 
    I'm assuming this is a multi-family or commercial property of some sort (since you're projecting $900/mo net cashflow)? Have you talked to any bankers about financing yet? It's fairly likely that 30 year amortization isn't even in the question for this deal. I've found that commercial loans...
  18. MonTexan

    Boarding house investment experience?

    REAL ESTATE 
    Have you been inside to check the place out? It doesn't sound like each unit has it's own bathroom and kitchen, so doubtful that you could turn it into individual 1 br apartments. I've got a buddy here in Houston that bought something eerily similar one time...turned out to be a house of ill...
  19. MonTexan

    Great Graphs: Transfer of Wealth in US

    HOT! 
    The people who bitch and complain about those charts always have the "it's not my fault" mentality. They don't take responsibility for their current situation whether its financially or otherwise...always hating on the rich, the successful, the popular, etc. That state of mind keeps them poor...
  20. MonTexan

    2011 B & P Presentation Topics

    HOT! 
    You can borrow my laptop as long as you've got that Dougie Dance worked out!!

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