Your property now belongs to the state.
Some of which I already knew, but wow, there is some absurd stuff in there. If this passes, the American people really need to rise up and not accept this. This is HORRIBLE. If I were an enemy of the USA I couldnt think of a better way to ruin us then what they’re doing right now.
And thanks for keeping FD updated by the way Hooch 
LOL
Hoosier,
Let Hooch stay up at night worrying about this crap. (If he’s not watching “OLD GALS porn”)
It’s a B I L L…Not LAW…
Could it pass??? Sure…and it’ll be watered down like everything else.
This is the same CRAP people bitched about when EMISSION CONTROLS, and SEAT BELT laws were put in place or when building codes are changed.
The BEST part of this is HOOCH’s comments from a previous posts about REDUCING AMERICAS OIL DEPENDENCY…He CRIES like a little girl about America being HELD HOSTAGE, and BEING ATTACKED by ARABS!!! This is the same guy who thinks most Americans are morons…
So… using HOOCH’s LOGIC(?) How do you get a group of STUPID AMERICANS to cut their energy use so ARABS can’t attack us??? Does he think the same dopes that run their credit cards up to 5 figures are going to run out and BUY energy effiecient appliances to save $$$$ or OIL???
THEY WON’T…Just like they wouldn’t wear SEAT BELTS until they started getting TICKET$ for NOT wearing them…Just like they wouldn’t volunteer to get their CARS safety inspected unless FORCED. Just like they wouldn’t put their KIDS in cars seats until it became LAW. My parents house was built in 1973…There wasn’t an OUNCE of insulation in the walls of that house when it was built…NEW houses MUST have insulation…IT’S NOW THE BUILDING CODE or LAW…Builders didn’t just DECIDE to put it in an INCREASE their costs. THEY WERE FORCED TO DO IT!!! In HOOCH’s world all this is considered BIG GOVERMENT infringing on peoples rights…In the REAL WORLD people don;t watch their kids, so we have CHILD PROOF CAPS on bottles, we have CAR SEATS because people let their kids ride in the rear window shelf of cars…People like HOOCH say…“I rode up there and I’m still alive” Yea…but the other few THOUSAND kids who DIED from riding up there would STILL be alive TOO if they had been in a car seat.
We legislate for MORONS…Not for Noble Prize winners.
But when you get to be HOOCH’s age and spend your days watching OLD GAL PORN, making sense isn’t all that important anymore.
And for anyone STILL interested in REAL ESTATE INVESTING???
The “LEADER” has not been doing anything to me unless you consider netting $238,000 on 5 properties so far this year DOING IT TO ME!!
My phone keeps ringing, I keep buying properties from people who have no CASH and life is GREAT!!!
Personally… I think even a porn watcher like HOOCH could be President and it couldn’t screw me up much!!!
The one thing I fear is they start taxing the rich 60–70%. No matter what regulations they put on anybody, im confident I can adapt and still make money(even if the regulations are STUPID). I see the war on the rich happening. If your rich, your a SELFISH GREEDY A$$ in the eyes of most people, and DESERVE to get pounded with taxes. This above all is what frightens me, because I plan to be wealthy.
Jake,
I almost spit coffee all over my computer screen when I read the words “Old Gal Porn”. In fact I am laughing again just typing it.
I have to agree with Jake here. A large majority of the people in this country are like sheep. They have to be herded. It is very sad.
THEY WON’T…Just like they wouldn’t wear SEAT BELTS until they started getting TICKET$ for NOT wearing them…Just like they wouldn’t volunteer to get their CARS safety inspected unless FORCED. Just like they wouldn’t put their KIDS in cars seats until it became LAW. My parents house was built in 1973…There wasn’t an OUNCE of insulation in the walls of that house when it was built…NEW houses MUST have insulation…IT’S NOW THE BUILDING CODE or LAW…Builders didn’t just DECIDE to put it in an INCREASE their costs. THEY WERE FORCED TO DO IT!!! In HOOCH’s world all this is considered BIG GOVERMENT infringing on peoples rights…In the REAL WORLD people don;t watch their kids, so we have CHILD PROOF CAPS on bottles, we have CAR SEATS because people let their kids ride in the rear window shelf of cars…People like HOOCH say…“I rode up there and I’m still alive” Yea…but the other few THOUSAND kids who DIED from riding up there would STILL be alive TOO if they had been in a car seat.
Well said by a radical leftist. You just outlined your justification for government control of the people. You libs used to be the “anti-establishment” people but you clowns did a full turn on that idea. You are now more “pro” establishment than any political group in the country by a long shot.
We legislate for MORONS…Not for Noble Prize winners.
What if they are both a moron and a Nobel Prize winner like Al Gore? :biggrin
And for anyone STILL interested in REAL ESTATE INVESTING???
Yes, the worse the economy gets the better it gets for me. I closed on another duplex yesterday. Bought Via the Hooch Method so my mortgage will be paid for in 5 years. But I am an American FIRST and I DONT wish the country to go to SH*T for my financial benefit like you do!
Personally… I think even a porn watcher like HOOCH could be President and it couldn’t screw me up much!!!
OHHH Trust me Friend. I could screw you up to a large degree as President. I would have all of you radicals very closely monitored by Homeland security as potential terrorists just as the Dems have done with the Right Wingers. You Bill Ayres types are a danger to society!!! :bobble
FD. no comment on the previous emails – just interested in a synopsis of the 5 properties you sold so far this year…
I called my senators to complain about the Cap bill. I found out that the part about retrofitting existing homes when you sell them is a hoax, it only applies to new construction. So we don’t have to worry about that.
Wow, I laughed out loud, too!.
FDJake and Hooch, you two are the best. Keep the witticisms coming! Hooch’s may be inadvertent, but still funny.
I would like to hear you both expand about your investment coups. We need to hear more.
Furnishedowner
I would like to hear you both expand about your investment coups. We need to hear more.
What specifically? I buy primarily multifamily “junker” homes. All in low income areas. Some in war zones, some in regular blue collar areas. Started out doing flips back before flips were popular and found that I just bought myself a job. So I decided to become an investor - buy and hold. One of my friends is a multimillionaire in the 800-900 million dollar range. The guy is insanely rich. My parents went on a cruise with him and his wife. He got in a fight with his wife and had a helicopter come and pick him up! That kind of money.
He owned a magazine which he sold to another which gave him seed money to buy a bunch of houses. I have seed money from a number of other non real estate related companies that I own and that is how I got my start and ability to buy for cash and get fantastic “Hooch” deals without banks getting their cuts. Years ago he told me his strategy and I have been following it since. He explained the benefits of buying and holding against the disadvantages of flipping. He is well out of the standard rental business now. He started with multifamilies which he hated. He then did the apartment complex thing. He had big ones. Those 300-400 unit ones. He hated that so he got into commercial real estate building strip malls. Now big real malls. He loves the business property because a great deal of the repairs are on the tenants and for the most part tenants stay for very long periods of time and pay their rent.
The thing that scares me about large commercial properties is when they move out you are royally screwed. Especially if it is not a mall and just one massive warehouse and all of the eggs are in one basket. I have another friend that owns the Ingersoll Rand VA building. He collects $25,000 a month from them for rent. The economy has hurt them and they are relocating their entire company out of the United States. He now has the entire mortgage payment to pay himself!!! Talk about some serious risk in those gigantic warehouse buildings! Too much for me. I take highly educated risks. So highly educated that you could consider them not to be “risks”. My gut tells me NOT to buy those types of properties.
Just so everyone knows…
I like HOOCH…HONESTLY…/He’s quick and knows his real estate.
The BS we argue about doesn’t add up to a years subscription to OLD GAL PORN web sites! :beer
To me it’s just “dinner politics”
He is a funny SOB!!
As far as my investments go…
I started out in construction…Building EVERYTHING…Concrete forms, Framing, finish, kitchens, worked for DRY VIT for a few years, worked on commercial projects, worked on a few cross bay bridges too…
I started flipping houses and kept a few that would make some money/month.
I HATED every SECOND of being a land lord…HATED IT…Sold some of my rentals and built a self storage warehouse…I LOVE THAT BUSINESS.
I got in early and established a few really good locations near a large lake. In the summer people store their snow mobiles, in the winter they store their ski boats. All these items are BIG $$$$ so almost NO ONE wants them AUCTIONED if they don’t pay (just typing that makes me happy)
From there I built a few commercial/industrial buildings that trades people occupy. I get a 4% annual increase in their lease (unless they notify my IN WRITING 30 days before the lease renews (they never remember) and life is GREAT…No crazy tenants, no pit bulls, no drug dealers.
I still flip houses because I really enjoy it…I love the HUNT…I buy 'em with CASH at big discounts and roll those profits into a few stocks and LAND!!!
In my opinion LAND is absolutely ON SALE in this country now. I buy from distressed sellers and just SIT on it. In todays world it LITERALLY is BETTER than money in the bank. When things turn around 5 to 10 years from now…I’ll build that land out.
Here’s what I love about flipping homes…I was in the used car business for years. Made good money…BUT…I’d sell a $5000 car to someone and 3 months later the transmission would go and they’d be back. I always treated my customers well and would NEVER do nothing. I had really good connections in all the best repair shops and would get their car fixed at my discount and just ask them to split the repair costs with me. I’d also GIVE them a free loaner while their car was repaired. They ALL went away happy and would send others in for cars…The POINT of this long story is…
THAT NEVER HAPPENS WITH HOUSES!!! It blows my mind…I sell someone a $125,000 house and the day after the closing, the water heater goes…THEY DON’T CALL ME!!! EVER!!!
The last 5 deals I did where all single family homes that I found through digging and other “secret sauce” methods (don’t ask cause I ain’t tellin’)
They all came DIRECTLY from the owner to me…NO REALTOR…2 were wholesaled and the other 3 were light rehabs. ALL SOLD!!!
The BEAUTY of Real Estate investing is it’s versatility…Hooch does it his way and is successful. I do it another way and have had success. There’s an @ss for every seat out there…You just have to finds yours!
Since we are all bonding right now I like you too FD! :bigok Actually, I am being serious. No joke! :beer
I enjoy dinner politics just as much as you do FD. To be honest with you you are one of the more challenging Democrats that I debate with. That is why I enjoy it. Sharpens the skills so I can mercilessly cut the other Libs off at the knees. :biggrin
I agree Hooch…
You always give me a hell of a run for my money that’s what keeps me coming back!!!
Hey HOOCH…
How do you torture a REALTOR???
Have YOU and I sitting at a CLOSING TABLE trying to close a deal…
Holy crap…It could go on for DAYS!!!
LOL :biggrin :biggrin :biggrin
This is the first Random Ramblings has had a friendly mood in quite a while!!!
But good job hooch and FD, sounds like your both doing well.
Don’t worry, I’ll get the libs stirred back up again! I’m not done with these socialists yet. :biggrin
Thank goodness. When jake gets spun up with Positive or back when it was with Christopher, I could barely keep up with the posts…
It is nice to see you guys being decent to each other tho.
Hooch and FDJake,
Thanks for explaining how you do what you do. You’re both sharp knowledgeable guys. In real estate.
But I can’t let the Conservative narrow mind-set just be constantly thrown out there with hardly a rebuttal. It sets my teeth on edge to hear the Conservatives patting each other on the back like the whole world is in agreement. It isn’t. That’s why a non-conservative got elected President, hello, and also the majority in Congress and the Senate.
Conservatives just happen to be a majority on these boards. Sometimes I visualize the far-right landlords here as wearing black capes, twirling their mustaches with one hand, while they growl, “But you MUST pay the rent!” like in an old 30’s cartoon. While Lil’ Nell wrings her hands, tears falling. Her sick mother abed behind her.
But we’re all in the same game in one way or another. I enjoy learning from you all, and we could probably have great arguments and conversations over a pitcher of beer.
Furnishedowner