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  1. hakrjak

    What’s your opinion of social networking sites?

    WEB/DIGITAL 
    I use Facebook 10X times a day, mainly because it's a very efficient tool for keeping in touch with friends & family that would normally get left out of my day to day adventures, photos, stories, etc.... I haven't attempted to use it to make money, and only use it for entertainment & to stay in...
  2. hakrjak

    The Mortgage Fiasco ... Not My Fault!

    MINDSET 
    Amen! The more exotic the lending, the more money I made. These politicians keep talking about trying to "un-freeze" the credit markets, but they don't seem to understand that it's going to take returning to the "good old days", atleast in some ways -- to make this happen! You can't un-freeze...
  3. hakrjak

    The Mortgage Fiasco ... Not My Fault!

    MINDSET 
    The thing I always thought was stupid was when they came out with all of these "exotic" programs like the 1,3, 6, and 12 month option arms... A seemingly PERFECT program for flippers -- Because you could keep money in your pocket, and not have to spend as much making payments... But the banks...
  4. hakrjak

    How to Make Money

    Labor is cheaper than ever right now... If you want to start a business, you'll have no shortage of people who will line up to work cheap. Some news report here the other night said that McDonalds had 2 jobs available, and they received over 800 applications for those 2 positions. Gotta love...
  5. hakrjak

    The Mortgage Fiasco ... Not My Fault!

    MINDSET 
    Ditto -- Buy up cheap housing right now to use as rentals. You'll cashflow great as things are today, and when the economy improves you can either raise rents or flip out of the properties for big capital gains. Cheers, - Hakrjak
  6. hakrjak

    The Mortgage Fiasco ... Not My Fault!

    MINDSET 
    I made more money during this period in history than any other... My networth went from negative $40k to + $160k in a few short years... (I'm the guy who even lost his life savings & then some during the "dot-com boom" when others here were making millions...) When I hear stories like this...
  7. hakrjak

    From CEO to Pizza Delivery

    Glad you said that. As a parent to young kids, I'd rather have a school that may have less academic success but with good kids, than a school with major academic achievements, but bad kids. One of the wealthiest private schools in my area is known for being a big "drug school" because all of...
  8. hakrjak

    From CEO to Pizza Delivery

    When I saw this guy's story I immediately figured that he must have burned a lot of bridges. If corporate execs have 1 resource, it's always networking & tapping into their "old boys network" -- Surprises me that the guy couldn't get even 1 friend to put him in a position under them. - Hakrjak
  9. hakrjak

    Hyperinflation Coming? Very Very Concerning...

    HOT! INVESTING 
    So somebody explain this for those of us who got a C- or less in economics class... If the Dollar is replaced as the reserve currency of world -- How does that hurt us? The Euro is not the World's reserve currency now, but it doesn't seem to hurt them at all? Cheers, - Hakrjak
  10. hakrjak

    Hyperinflation Coming? Very Very Concerning...

    HOT! INVESTING 
    Well that's what I was kind of predicting.... Without wages increasing, you get deflation or stagflation.... Oil is being used as a key indicator here, but I don't think that it rings as true as some other commodities because it is seen by so many as being cheap at any price under $80-100 per...
  11. hakrjak

    Hyperinflation Coming? Very Very Concerning...

    HOT! INVESTING 
    I'm not disagreeing entirely with the prophets of doom, but I'm not exactly in lock step yet -- In order to have major inflation, don't we need to see wages increasing -- and wages have now been decreasing or staying about the same in this country for close to 10 years? The only people that...
  12. hakrjak

    Do you or someone you know have a VA loan?

    REAL ESTATE 
    If you buy a VA foreclosure, can't you also get a VA loan even if you aren't a Veteran? I remember hearing about that, but I've never had the pleasure of getting a VA loan yet... - Hakrjak
  13. hakrjak

    Question about Direct Mailing lists

    I've only done direct mail once, and I paid about $80 for 1000 addresses I think, which were delivered to me on prestick labels. No idea on response rates.... I'd think that response rates on direct mail would be pretty low still... We were peddling some MLM scheme at the time, and we got...
  14. hakrjak

    Question about Direct Mailing lists

    Yep and it's for 1 time use. They sprinkle in a bunch of test addresses so that if you use their list more than one, they will know. Cheers, -Hakrjak
  15. hakrjak

    6 Unit New Construction Townhome Complex

    REAL ESTATE 
    You could do a duplex or fourplex, but in this market I think you really want to be putting a minimum of 10% down on anything you're buying, and ideally 20% down so you can avoid the mortgage insurance. I made money doing low % down deals in the last few years, but the lending rules were...
  16. hakrjak

    6 Unit New Construction Townhome Complex

    REAL ESTATE 
    They are probably counting on this happening about 50% of the time, so they can repo the property and sell it again. The other downside risk is if your local market takes a hit, and the place suddenly is worth less than you paid in 2 yrs... All of the sudden lending becomes unavailable for...
  17. hakrjak

    Mortgage rates fall to 5.12%

    REAL ESTATE 
    We are now at 5.03% -- Whoohoo ;) 30-year fixed mortgage rate slips - Yahoo! Finance
  18. hakrjak

    Financing - SFH - Investment Property

    REAL ESTATE 
    Seems like the products I've been seeing here about on average now about 1.25-1.5% higher than a normal owner occupied loan. Nobody is pitching me anything except 30 yr fixed deals, because the ARM spread is almost nada. Closing costs are about double what they used to be a couple years ago...
  19. hakrjak

    This Is Wrong - Disturbingly Wrong

    FUNNY 
    Man, when are they gonna start handing out birth control in the trailer parks? Geez.... Discourage the wrong people from breeding already! - Hakrjak
  20. hakrjak

    Mortgage rates fall to 5.12%

    REAL ESTATE 
    There sure have been a ton of people going around telling anybody who would listen for the past 3 years that Interest rates would be going up soon and they better lock in a fixed rate mortgage. Personally, I've always been luckier doing exactly the opposite of what everybody else is doing...

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