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  1. MonTexan

    Fastlane Fatty Forum

    OFF-TOPIC 
    Started at 209. Currently at 201. I've been eating OK, and spending down-time working rather than working out. Heading to Mexico on Thursday....wish I would have started eating right last October!
  2. MonTexan

    Not Interested in Being a Millionaire

    HOT! 
    To summarize; it's not about the money, it's about the lifestyle. And to live a jet-set care-free lifestyle, you'll probably need some money, and it'll most likely be more than $1,000,000.
  3. MonTexan

    Pity the Cold-Blooded Snake!

    OFF-TOPIC 
    Wolf Genus and Species: Canis Lupus Collective Term: A pack of wolves Careers and Hobbies Law enforcement Soldier Medical fields Trial Lawyer Team sports Outdoor activities Theater Debating Famous Wolves Christian Slater Bill Clinton Hillary Clinton ... no comment...
  4. MonTexan

    Hey Texans!

    OFF-TOPIC 
    I'm in Houston. Moved here from Montana about 8 years ago...quite a change! I miss the mountains and all the outdoor stuff I did in MT, but Houston has it's pluses as well. Here are a few pros and cons from my point-of-view: Pros: -Cheap real estate. Reasonable cost of living and...
  5. MonTexan

    Motorized Wagon

    I prefer the cruzin' cooler: YouTube - Cruzin Cooler Hits the Liquor Store - Car and Driver
  6. MonTexan

    I don't OWN it, I CONTROL it

    HOT! 
    Great points Russ. I never really thought of it this way, but I did make a shift from "owning" to "controlling" my real estate investments early on. Getting started, my business partner and I took turns buying houses in our personal names because we didn't have any other choice....banks...
  7. MonTexan

    Leveraging

    Respect. For the most part, I've refi'd with small, portfolio lending banks. I have developed a couple of key relationships with local banks that don't have to follow the "check the box" lending applications of the larger institutions. Recently, they have even slowed me down though. That...
  8. MonTexan

    Leveraging

    Very true, 10-12% isn't bad but the opportunity cost of tying up that cash is the sticking point for me. Let's say you had $50,000 liquid to invest. You could buy and rehab a single house and receive a decent cash flow from the rent OR you could do as I suggest above and buy several...
  9. MonTexan

    Seller Financing Questions...

    REAL ESTATE 
    Not necessarily. What about the guy who owns a car wash that he built 20 years ago? He's operated the business himself for 20 years, turned every wrench, and fixed every leak, and now owns it free-and-clear. Problem is he's now in poor health and can't take care of the place. He's tried...
  10. MonTexan

    Seller Financing Questions...

    REAL ESTATE 
    Both the buyer and the seller will have their name on title to the property. As I understand it, a title is kind of like a bundle of sticks...some parties have the right of beneficial use of the property (the buyer) while another party may have the right to foreclose (1st lien holder). The...
  11. MonTexan

    Leveraging

    That's exactly right. You'll most likely get 10-12% cash-on-cash if you were to go this route. However, by paying cash you are more likely to get your offer accepted on a property. Here's what I do: pay cash, fix up with cash/credit, get the property rented, AND THEN leverage it with...
  12. MonTexan

    $1,000,000 to invest

    HOT! 
    I'll bring my camera....make it rain bob, make it rain!! Makin' It Rain
  13. MonTexan

    Am I Allowed To Ask For Thoughts on A Program?

    REAL ESTATE 
    I'd be a bit hesitant about forking over money to a Yahoo group. Be sure to do some more checking on that... I'm sure there are REI groups that meet in the Indy area. Try to get involved in a couple local groups by meeting people and find out who's actually DOING deals and then learning from...
  14. MonTexan

    Beer & Pancakes 2010 info

    HOT! 
    FYI - I called the Firesky back yesterday and was able to get a King room for all 4 nights (Wed through Sat) at the $169 rate. Mike must have opened that can-o-whoop-a$$!
  15. MonTexan

    Real Estate Discussion Questions

    REAL ESTATE 
    Ryan, Since your question can't be evaluate on the basis of cash flow, I'll answer strictly from experience with managing my rental portfolio. My first rental property was a duplex. While much like a SFH, it is a bit more management intensive because you will occasionally have tenants that...
  16. MonTexan

    Fastlane Fatty Forum

    OFF-TOPIC 
    Nice one Bobo! I've managed to drop 4 lbs - down to 205 - despite my trip to Vegas last weekend. Thank goodness for all that walking....I think it just barely kept pace with my Crown Royal calorie imbibition. What a city...
  17. MonTexan

    New Startup. Looking for a Team

    MARKETPLACE 
    Ryan - thanks to you and Google, I just learned two new words today!
  18. MonTexan

    Beer & Pancakes 2010 info

    HOT! 
    I booked a room for the 19th and 20th (Friday & Saturday). They told me they didn't have any rooms available **at our special rate** for Thursday the 18th but did offer me a room for the first two nights at $275/nt...kind of strange. I suppose we'll stay elsewhere for the first two nights...
  19. MonTexan

    I'm gonna be a Dad!!

    OFF-TOPIC 
    Congrats...that's awesome!
  20. MonTexan

    Beer & Pancakes 2010 info

    HOT! 
    Got our plane tix on lock: Arrive 2/17 @ 8:30 pm Depart 2/21 @ 6:50 pm Boo-yah!

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