PebHmong Discussion Forum
Life & Living => Money & Investment => Topic started by: theking on December 01, 2021, 04:53:10 PM
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I bought my home for $30,000, and now it’s worth almost $3 million. How can I avoid a massive tax bill?
Capital gains aren’t the only factor to consider in anticipating the tax burden of an inherited home.
I own a house in Palo Alto, Calif., that I bought for less than $30,000 and is now worth almost $3 million. There are two things I would like help with:
How to retain my current tax rate under Proposition 13.
How to keep the step-up basis to avoid massive capital-gains taxes.
I am 80 years old and have three children. Will establishing an LLC or revocable living trust help? I still wish to retain the power to do as I wish with the property in case of need. It has a $400,000 mortgage, and it currently has a tenant with a one-year lease. Thank you for helping me do what I need, since December is the deadline for transferring deeds to relatives if I wish to retain the original tax basis.
(https://preview.redd.it/czdxkzshqw281.jpg?width=640&crop=smart&auto=webp&s=a6f729c726e14dfec2bac16892fdeb8ff544ad37)
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And there is a certain individual that keep saying real estate isn’t investment. ;D ;D
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LMAO...
this sound to me THEAFTERLIFE here in ph
just making up shyt
he say he own a big ass house with a swimmingp pool
than he say he actualy live with his brother
he got bought a $30,000 house and it has a $400,000 mortgage
;D ;D ;D
I own a house in Palo Alto, Calif., that I bought for less than $30,000 and is now worth almost $3 million. There are two things I would like help with:
How to retain my current tax rate under Proposition 13.
How to keep the step-up basis to avoid massive capital-gains taxes.
I am 80 years old and have three children. Will establishing an LLC or revocable living trust help? I still wish to retain the power to do as I wish with the property in case of need., and It has a $400,000 mortgage it currently has a tenant with a one-year lease. Thank you for helping me do what I need, since December is the deadline for transferring deeds to relatives if I wish to retain the original tax basis.
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it's the local PH TROLL
100% of stuff he post is made up and COPY N PASTE spam
attention seeking clickbait
took me 10 second to find this picture all over the internet
i just type in "old man in front of a house"
;D ;D ;D
https://www.gettyimages.com/photos/old-man-in-front-of-house (https://www.gettyimages.com/photos/old-man-in-front-of-house)
(https://i.imgur.com/fj7Jg68.jpg)
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here you go
another picture of your $3 million man
(https://media.gettyimages.com/photos/retired-couple-having-gardening-as-hobby-picture-id1338272097?k=20&m=1338272097&s=170667a&w=0&h=2t3DIAmXdjdPsmSpKPGSdwLm_FkS-8okFUo8UQEjOB8=)
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it's the local PH TROLL
100% of stuff he post is made up and COPY N PASTE spam
attention seeking clickbait
took me 10 second to find this picture all over the internet
i just type in "old man in front of a house"
;D ;D ;D
https://www.gettyimages.com/photos/old-man-in-front-of-house (https://www.gettyimages.com/photos/old-man-in-front-of-house)
(https://i.imgur.com/fj7Jg68.jpg)
dayam fool The article says "I" don't mean that it is him talking about himself. He is just sharing an article.
No wonder you sound low intelligence at most times. How the hell can people carry on a conversation with you? Theking, where you at? This chit is funny as hell. You caught him being hmong stupid again. :2funny:
https://www.marketwatch.com/story/i-bought-my-home-for-30-000-but-now-its-worth-almost-3-million-how-can-i-avoid-a-massive-tax-bill-11638309329 (https://www.marketwatch.com/story/i-bought-my-home-for-30-000-but-now-its-worth-almost-3-million-how-can-i-avoid-a-massive-tax-bill-11638309329)
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dayam fool The article says "I" don't mean that it is him talking about himself. He is just sharing an article.
No wonder you sound low intelligence at most times. How the hell can people carry on a conversation with you? Theking, where you at? This chit is funny as hell. You caught him being hmong stupid again. :2funny:
https://www.marketwatch.com/story/i-bought-my-home-for-30-000-but-now-its-worth-almost-3-million-how-can-i-avoid-a-massive-tax-bill-11638309329 (https://www.marketwatch.com/story/i-bought-my-home-for-30-000-but-now-its-worth-almost-3-million-how-can-i-avoid-a-massive-tax-bill-11638309329)
I bought a $30,000 house
I have a $400,000 mortgage
;D ;D
go reread... i don't want to spam you with ANTI COMMIE PROPAGANDA
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I bought a $30,000 house
I have a $400,000 mortgage
;D ;D
go reread... i don't want to spam you with ANTI COMMIE PROPAGANDA
that is what the article said and he is quoting from the article. IT doesn't mean he bought a 30k home and have a 400k mortgage.
YOu think he was talking about himself just because you see that big "I" there? :2funny:
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duma...
i know you don't own a house
and live with your mom
but when you buy a house for $30,000
it's $30,000
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that is what the article said and he is quoting from the article. IT doesn't mean he bought a 30k home and have a 400k mortgage.
YOu think he was talking about himself just because you see that big "I" there? :2funny:
click on your link and go REREAD
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duma...
i know you don't own a house
and live with your mom
but when you buy a house for $30,000
it's $30,000
I know you don't own your house, your mom and fake nurse dose. :2funny:
but it's ok. You don't know how to read to comprehend either. "I" is not theking talking about himself. O0
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I know you don't own your house, your mom and fake nurse dose. :2funny:
but it's ok. You don't know how to read to comprehend either. "I" is not theking talking about himself. O0
i wasn't saying it was him
its theking... he a PH troll clickbait copy n paste spam troll
clickbait news article
just click on your own link and reread it
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just ask us legit homeowner
trust me
you ain't going find a p=pebhmong and a slump pump
in the internet
;D ;D
(https://i.imgur.com/KifEAqq.jpg)
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i wasn't saying it was him
its theking... he a PH troll clickbait copy n paste spam troll
clickbait news article
just click on your own link and reread it
he got bought a $30,000 house and it has a $400,000 mortgage
well who's "he"??
You claiming that someone on ph bought a house for 30k and has a 400k mortgage
Your reading and writing comprehension are bad as well. No wonder theking and others be roasting your azz. Me too but I'm not gonna go there :2funny:
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he got bought a $30,000 house and it has a $400,000 mortgage
well who's "he"??
You claiming that someone on ph bought a house for 30k and has a 400k mortgage
Your reading and writing comprehension are bad as well. No wonder theking and others be roasting your azz. Me too but I'm not gonna go there :2funny:
i was referring to the COPY N PASTE clickbait article
I bought a $30,000 house
and it has a $400,000 mortgage
that shyt makes zero sense
cuz $30,000 is it
don't matter if the house value goes up
just ask me bro...
i legit own a house
i don't go around changing lightswitch and empty room for nothing
(https://i.imgur.com/o4VroCv.jpg)
(https://i.imgur.com/i9iUKwK.jpg)
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i was referring to the COPY N PASTE clickbait article
I bought a $30,000 house
and it has a $400,000 mortgage
nothing about it is clickbait. He's not making no money off any click.
the hell you rambling about here? You got stress from the wife or what? Be careful, maybe Jesus hates you and omen following you now. :2funny:
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nothing about it is clickbait. He's not making no money off any click.
the hell you rambling about here? You got stress from the wife or what? Be careful, maybe Jesus hates you and omen following you now. :2funny:
$30,000 is $30,000
that is your mortgage
just ask me bro...
i legit own a house
i don't go around changing lightswitch and empty room for nothing
(https://i.imgur.com/o4VroCv.jpg)
(https://i.imgur.com/i9iUKwK.jpg)
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Be careful, maybe Jesus hates you and omen following you now. :2funny:
Lol
I hate jesus right back
Just kidding
I don’t believe in that nonsense
We all just trying to help each other here
Move to a low cost of living
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And there is a certain individual that keep saying real estate isn’t investment. ;D ;D
Now you know why the neutral PH members said, he "don't know anything".. ;D
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LMAO...
WELPS so much for "NO BODY CARES...no view, no comment"....and this is a "news thread" to boot... :idiot2: ;D
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dayam fool The article says "I" don't mean that it is him talking about himself. He is just sharing an article.
No wonder you sound low intelligence at most times. How the hell can people carry on a conversation with you? Theking, where you at? This chit is funny as hell. You caught him being hmong stupid again. :2funny:
;D ;D ;D
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it's the local PH TROLL
Says the "BIGGEST TROLL" (per the neutral PH members, their words, not mine).. ;D
And oh yeah, WELPS so much for "NO BODY CARES...no view, no comment"....and this is a "news thread" to boot... :idiot2: ;D
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I know you don't own your house, your mom and fake nurse dose. :2funny:
but it's ok. You don't know how to read to comprehend either.
;D ;D ;D
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its theking... he a PH troll clickbait copy n paste spam troll
clickbait news article
"troll" written by the neutral PH members:
hmgrock you're the biggest troll i swear... i honestly don't think your online persona is real other than to troll..
Bro HR,
I called you a negative nancy. I also said INO is a day trade because of the volatility. At least get your information right.
If you are here to help people, why are you the biggest troll in this forum? In addition to being the biggest troll, you don't even understand trading.
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Your reading and writing comprehension are bad as well. No wonder theking and others be roasting your azz. Me too but I'm not gonna go there :2funny:
YUP.. ;D O0
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i legit own a house
;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D
Funniest sh1t I heard all day..he thinks living in someone else's "basement" and leech of them constitute home ownership... ;D ;D ;D
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Duma
$30,000 house is $30,000
You pay that amount
Don’t matter if the house value goes $3,000,000
You not sudden going own $3,000,000 mortgage
Hahahahaha
Funny ass fake new troll article
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Says the "BIGGEST TROLL" (per the neutral PH members, their words, not mine).. ;D
And oh yeah, WELPS so much for "NO BODY CARES...no view, no comment"....and this is a "news thread" to boot... :idiot2: ;D
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Funny shyt
Makes me giggle
Kekekeke
Gullible dummies hmong people
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And there goes another "comment"... O0
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Duma
$30,000 house is $30,000
You pay that amount
Don’t matter if the house value goes $3,000,000
You not sudden going own $3,000,000 mortgage
Hahahahaha
Funny ass fake new troll article
So his 30k house is now worth 3 mil.
Can he not take out a loan? Let it soak into your hmong rock head for a minute and then let i marinate over night. :2funny:
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So his 30k house is now worth 3 mil.
Can he not take out a loan? Let it soak into your hmong rock head for a minute and then let i marinate over night. :2funny:
you mean a reverse mortgage??
you can't take out reverse loan on rental property
he say there tenant
gotta be primary house aka.... you need to be physically living in it
;D ;D ;D
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And there goes another "comment" and continuing to prove me right... O0
So his 30k house is now worth 3 mil.
Can he not take out a loan? Let it soak into your hmong rock head for a minute and then let i marinate over night. :2funny:
;D ;D ;D
"nothing" to marinate with "pea brain"..
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don't marinate too much or the meat start to break down from them acid
;D ;D ;D
i know yall don't own houses
lives with your mommy
part of your mortgage application is primary resident question
now go do your "google research" and come back and tell me im liar
:2funny: :2funny:
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WELPS so much for "NO BODY CARES...no view...no comment"...and this a "news" thread to boot...
There goes another "comment" to continue proving me right.. O0 ;D
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oh why you spamming your own thread
;D ;D ;D
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There is an individual on here that claimed real estate is not investment but continues to claim he bought his home during housing crash of 08. Now he’s saying you can’t refi on rental properties, an unaware genuine doofus.
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There is an individual on here that claimed real estate is not investment but continues to claim he bought his home during housing crash of 08. Now he’s saying you can’t refi on rental properties, an unaware genuine doofus.
a $30,000 mortgage will always be a $30,000 mortgage
don't matter if you Refinance
you just changing the rate and terms on your mortgage
say maybe 30 years to 15 years
5% rate to 3%
you can take out a loan against your house
but even than...
they require you to live in the house
the author say he is renting it out
;D ;D O0 O0
relax... we just all trying to help each other here
worth a read if you got time
Written by Robert Kiyosaki
Read time: 6 min
Last updated: September 24, 2019
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An uptick in adjustable-rate mortgages and being doomed to repeat the past
A cultural right of passage is buying your own home. Many people dream of the day when they get the keys to their own front door, imagining the joy that will come with the monumental achievement of taking on hundreds of thousands of dollars in personal debt.
I’m, of course, only being slightly tongue in cheek.
Is a house an asset?
The reality is that many people desire to buy a home because they think of it as a good investment. In terms of a financial statement, they think of their house as an asset. Because of this, in many cases, homeowners expect their house to be a big part of their retirement plan.
For instance, as Rob Carrick writes for the Canadian “The Globe and Mail,” “In a recent study commissioned by the Investor Office of the Ontario Securities Commission, retirement-related issues topped the list of financial concerns of Ontario residents who were 45 and older. Three-quarters of the 1,516 people in the survey own their own home. Within this group, 37 per cent said they are counting on increases in the value of their home to provide for their retirement.”
The sentiment I’m sure is the same here in the US, and in many places throughout the world.
The problem with this thinking is that many people simply do not know the difference between an asset and a liability.
My rich dad, my best friend’s dad, taught me the simple definition of an asset and a liability. An asset puts money in your pocket. A liability takes money out. To illustrate this, he played the game of “Monopoly” with us because he believed games often are the best teachers (which is also why I invented my financial education board game, CASHFLOW).
The simple premise of “Monopoly” is that you want to buy as much property as possible, place rental houses on those properties (and eventually hotels), and collect rent to become richer than anyone else in the game. The formula was simple, four green houses and then a red hotel. It was a mini-picture of the power of velocity of money as you create more wealth from higher rent to buy bigger assets. It was also the perfect picture of how a house can be an asset—by putting money in your pocket as a rental property investment.
A house is often not an asset but instead a liability
The problem is the majority of people who buy houses do so as a primary residence, not as a rental property. So let’s break down what that looks like financially.
On a given month for your personal residence, you need to pay for your mortgage, utilities, maintenance, taxes, insurance, and possibly more. Sometimes these can turn out to be huge costs, for instance, if you need to replace a roof or your main plumbing line collapses.
All of these are things that take money out of your pocket. And as rich dad taught, a liability is something that takes money out of your pocket.
Many so-called experts will point to things like paying down principle, tax breaks from mortgage interest, and appreciation as reasons why the house is an asset, but paying down principle is simply saving and savers are losers, the tax breaks for your mortgage do not offset the costs that go out of your pocket each month, and if you’re banking on appreciation, you’re basically gambling, as homeowners in the Great Recession painfully discovered.
This is not to say you shouldn’t buy a house. I’m simply trying to help you see that it is not an asset. Rather it is your home, and should be enjoyed for that, not as your ticket to a secure retirement. Look elsewhere for that. Truth sets people free, and the truth that your home is not an asset but instead a liability is one of the most important truths you can know.
ARMs Dealers
Unfortunately, most people simply don’t understand this fundamental truth. This is why I’m not surprised to read that now that housing prices have gone up steadily since 2012. We have a short memory, and the Great Recession is all but erased from the consumer consciousness. This is evidenced by the fact that we started to see people take on riskier mortgages starting in 2017 and continued to do so in 2018 .
As CNBC reported in 2017, “The number of adjustable-rate mortgage originations jumped just over 40 percent from the first quarter of this year to the second, according to analysis by Inside Mortgage Finance.”
For those needing a refresher, an adjustable-rate mortgage, or ARM, allows potential homeowners to purchase more expensive houses by having lower interest rates than a traditional 30-year fixed-rate mortgage. ARMs are usually offered at one, three, or five years, meaning the interest rate will adjust to market rates after that period. In essence, it’s betting that interest rates will be as low or lower down the road…and that you’ll be in a better financial position to pay more, should the need arise.
You might not be surprised to hear that defaults on ARMs were a big part of why we faced the great recession from 2008 to 2011. And while there are new safeguards in place to ensure that ARMs aren’t given to sub-prime borrowers, there is something of a frenzy that is building around buying homes in the US again. This, again, is because people inherently think they are assets. After all, don’t housing prices always go up?
That’s what you’d believe if you followed most conventional financial advice.
Bad financial advice is also a liability
Rich dad believed that people struggled financially because they make decisions handed down from parent to child, and most people don’t come from financially sound families. He often said that most bad financial advice was handed out at home, which is one reason I am an advocate for financial education in the home.
Of course, for most people, while financial advice starts in the home with old rules like go to school, get a good job, save your money, buy a house, and invest for the long term in a diverse portfolio of stocks, bonds, and mutual funds; it doesn’t end there. Many people also take the bad advice their parents give them and compound it with bad advice from financial advisors as they get older.
Many financial advisors will tell you that your house is an asset, but that is untrue. As such, this financial advice becomes a liability because it causes you to make bad assumptions and decisions about your personal wealth and your financial future.
The fact is that when financial advisors say a house is an asset, they are not really lying, but they aren’t telling the whole truth either. Your house is technically an asset, they just don’t say whose asset it really is.
Is a house an asset? Yes, the bank’s
If you look at a bank statement, it becomes easy to see just whose asset your house really is—the bank’s asset.
Most people do not own a home…they own a mortgage. Those who are financially educated understand that a mortgage doesn’t show up in the asset column on the financial statement. It shows up as a liability. But it does show up on your banker’s balance sheet as an asset as you pay the bank interest every month.
Remember rich dad’s definition of an asset, “Anything that puts money in your pocket. A liability is anything that takes money out of your pocket.”
As I mentioned earlier, if you look at your bank statement every month, you’ll see that your home puts no money in your pocket and takes a heck of a lot of it out. This is true even if your house is paid off. Even after you pay off your mortgage, you still have to pay money every month in the form of maintenance costs, taxes, and utilities. And if you don’t pay your property taxes, guess what can happen? The government can take your home. So, who owns your house really?
Don’t let thinking your house is an asset be your liability
Interested in Real Estate?
Download your copy of Rich Dad‘s eBook, How To Buy Your First Investment Property... for free!
robert kiyosakis how to buy your first investment property
Download Your eBook Here
Again, am I saying don’t buy a house? No. I own a home myself, but I didn’t buy it as an asset or think of it as an investment. I bought it because I wanted to live in it and was willing to pay for the privilege of doing so. Could it appreciate in value? Maybe. But it could also lose me money in the end. I don’t really care.
What I am saying is don’t buy a home and think of it as an asset or investment. That’s just simply a lie. Unfortunately, that lie continues to perpetuate here in the US and around the world. And until it’s finally put to rest, we’ll continue to see booms and b
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you never truly own your house until you pay it off
don't matter if you still have $100,000 left
or $50,000 left
or $20,00 left
or $10 left
;D ;D
the bank or whatever lender you borrow from own it
one miss payment
and you are out there living under the bridge
;D ;D ;D O0 O0 O0
(https://static.reuters.com/resources/r/?m=02&d=20120217&t=2&i=572125241&r=BTRE81G05FX00&w=800)
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oh why you spamming your own thread
;D ;D ;D
Oh there goes another "comment" ...to prove me right once again.. O0
WELPS so much for crying "NO BODY CARES...no view, no comment"... ;D ;D ;D
There is an individual on here that claimed real estate is not investment but continues to claim he bought his home during housing crash of 08. Now he’s saying you can’t refi on rental properties, an unaware genuine doofus.
;D ;D ;D
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a $30,000 mortgage will always be a $30,000 mortgage
don't matter if you Refinance
you just changing the rate and terms on your mortgage
say maybe 30 years to 15 years
5% rate to 3%
you can take out a loan against your house
but even than...
they require you to live in the house
the author say he is renting it out
;D ;D O0 O0
relax... we just all trying to help each other here
worth a read if you got time
Go google research brrrr so that you don’t look so stupid when pulling bs from your tiny box. That’s me helping you out.
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why is he spamming his own thread??
don't he want to get educated??
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Go google research brrrr so that you don’t look so stupid when pulling bs from your tiny box. That’s me helping you out.
you should probaby take your own advice and do your "google research"
;D ;D O0 O0
like villianheroes say.. you don't own any tax until you sold
;D ;D ;D
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you should probaby take your own advice and do your "google research"
;D ;D O0 O0
like villianheroes say.. you don't own any tax until you sold
;D ;D ;D
You owe property taxes regardless, thought you own your home? 99.9999% you don’t. ;D ;D
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i did a 10 second google of
"old man standing in front of a garden"
and found the picture
complete too
legs and everything
maybe they just using it for illustration purpose or maybe he really own $3 million house
;D ;D ;D :2funny: :2funny: :2funny: :2funny:
(https://media.gettyimages.com/photos/retired-couple-having-gardening-as-hobby-picture-id1338272097?k=20&m=1338272097&s=170667a&w=0&h=2t3DIAmXdjdPsmSpKPGSdwLm_FkS-8okFUo8UQEjOB8=)
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Oh there goes another "comment" ...to prove me right once again.. O0
WELPS so much for crying "NO BODY CARES...no view, no comment"... ;D ;D ;D
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why is he spamming his own thread??
don't he want to get educated??
yeah i just make that stuff up
Just lied, dude
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You owe property taxes regardless, thought you own your home? 99.9999% you don’t. ;D ;D
;D ;D ;D
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You owe property taxes regardless, thought you own your home? 99.9999% you don’t. ;D ;D
LMAO
yes you do
but $400,000 worth of property taxes??
in like what??
20 to 30 years??
i pay about $1,500 for mine every year
not sure about you guys
but im pretty sure it's not $400,000
;D ;D O0 O0
don't be too dumb
I THOUGHT YOU GUYS ARE HIGHLY EDUCATED FOLKS
also i found the complete picture of your $3 million dude standing in front of a garden
by just doing a quick google search "old man standing in front of a garden"
not sure if it him
;D ;D ;D
(https://media.gettyimages.com/photos/retired-couple-having-gardening-as-hobby-picture-id1338272097?k=20&m=1338272097&s=170667a&w=0&h=2t3DIAmXdjdPsmSpKPGSdwLm_FkS-8okFUo8UQEjOB8=)
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yeah i just make that stuff up
Just lied, dude
And WELPS so much for "NO BODY CARES...no view..no comment"... ;D
There goes another "comment" to prove me right.. O0
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Why does this dude troll his own thread?? :idiot2: :idiot2:
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Says the "BIGGEST TROLL" per the neutral PH members...
yeah i just make that stuff up
Just lied, dude
And WELPS so much for "NO BODY CARES...no view..no comment"... ;D
There goes another "comment" to prove me right.. O0
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why do you go around spamming???
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$400,000 property tax is unbelievable
just ask me... i own a house
and live in the basement ;D ;D O0 O0
property tax is more like $1,000-5,000 per year
depending on where you live
:2funny: :2funny: :2funny:
p=pebhmong
(https://i.imgur.com/NPGJhi4.jpg)
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yeah i just make that stuff up
Just lied, dude
And of course, WELPS so much for crying "NO BODY CARES...no view...no comment"...
There goes more "comments" to prove right ONCE AGAIN, and this a "news" thread...not that it's difficult when it comes to the handful members.. ;D O0
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Troll spamming in your own thread
Oh thats cringe
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I bought a $30,000 house
I have a $400,000 mortgage
;D ;D
go reread... i don't want to spam you with ANTI COMMIE PROPAGANDA
LMAO
yes you do
but $400,000 worth of property taxes??
in like what??
20 to 30 years??
i pay about $1,500 for mine every year
not sure about you guys
but im pretty sure it's not $400,000
;D ;D O0 O0
don't be too dumb
I THOUGHT YOU GUYS ARE HIGHLY EDUCATED FOLKS
also i found the complete picture of your $3 million dude standing in front of a garden
by just doing a quick google search "old man standing in front of a garden"
not sure if it him
;D ;D ;D
(https://media.gettyimages.com/photos/retired-couple-having-gardening-as-hobby-picture-id1338272097?k=20&m=1338272097&s=170667a&w=0&h=2t3DIAmXdjdPsmSpKPGSdwLm_FkS-8okFUo8UQEjOB8=)
So which story you sticking with, 400k mortgage or 400k property taxes?
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property tax is more like $1,000-5,000 per year
depending on where you live
:2funny: :2funny: :2funny:
Not around here.
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So which story you sticking with, 400k mortgage or 400k property taxes?
you guys are the one bringing up the $400k property tax
that is wayyyy tooo damn high!!!! ;D ;D O0 O0
i only pay like $1,500 per year for mine
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you guys are the one bringing up the $400k property tax
that is wayyyy tooo damn high!!!! ;D ;D O0 O0
i only pay like $1,500 per year for mine
Where are you getting this 400k property taxes from?
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Where are you getting this 400k property taxes from?
You owe property taxes regardless, thought you own your home? 99.9999% you don’t. ;D ;D
Lol
You don’t owe $400,000 property tax
Its yearly and depend on your location
Maybe $1k-5k
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Troll spamming in your own thread
Oh thats cringe
Says the "BIGGEST TROLL" (per the neutral PH members, their words, not mine)...
yeah i just make that stuff up
Just lied, dude
And of course, WELPS so much for crying "NO BODY CARES...no view...no comment"...
There goes more "comments" to prove right ONCE AGAIN, and this a "news" thread...not that it's difficult when it comes to the handful members.. ;D O0
5 PAGES OF "no view...no comment" NOW... ;D ;D ;D :idiot2:
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Not around here.
He won't get that as dude never left the basement... ;D
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why does this dude keep copy n paste troll spam his own thread???
that's cringe
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Says the "BIGGEST TROLL" (per the neutral PH members, their words, not mine)...
yeah i just make that stuff up
Just lied, dude
And of course, WELPS so much for crying "NO BODY CARES...no view...no comment"...
There goes more "comments" to prove right ONCE AGAIN, and this a "news" thread...not that it's difficult when it comes to the handful members.. ;D O0
5 PAGES OF "no view...no comment" NOW... ;D ;D ;D :idiot2:
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wow
that cringe
;D ;D ;D
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Cringy is get proven wrong over and over again.
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your $400,000 property tax proof??
that is too damn high!!!
(http://i.imgflip.com/1bik.jpg)
LMAO
that's cringe....
i will give you some REAL NO BS
it look like the dude is answering some viewer mail
the viewer might just be BSing and trolling
kinda like how this dude in here goes around COPY N PASTE TROLL SPAM
;D ;D ;D O0 O0
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400k property taxes would equate to 40-50 million dollars homes. What does 400k property taxes had to do with a 3 million dollars home? Nothing, you can’t comprehend what you read; it was 400k mortgage. Likely, owner took loans against property over the years. ;D ;D
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400k property taxes would equate to 40-50 million dollars homes. What does 400k property taxes had to do with a 3 million dollars home? Nothing, you can’t comprehend what you read; it was 400k mortgage. Likely, owner took loans against property over the years. ;D ;D
You owe property taxes regardless, thought you own your home? 99.9999% you don’t. ;D ;D
there you go
i think you just answer your own $400,000 whatever property tax...
both you and i
know that is too damnnnnn high yet you TROLL
:2funny: :2funny: :2funny:
the thing with REVERSE MORTGAGE loan is you gotta live in it ;D ;D
he say he was renting it out
so there that...
that would be MORTGAGE FRAUD
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there you go
i think you just answer your own $400,000 whatever property tax...
both you and i
know that is too damnnnnn high yet you TROLL
:2funny: :2funny: :2funny:
the thing with REVERSE MORTGAGE loan is you gotta live in it ;D ;D
he say he was renting it out
so there that...
that would be MORTGAGE FRAUD
Sounds to me like owner is only renting a room but that’s too much info for you to understand. That 400k property taxes is on you, you brought that up because you don’t understand much. ;D ;D
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you can't rent and take out loans
that would be mortgage fraud....
i can't buy a $200,000 for my sister who has bad 600 credit scores
so she can live on it
and pay me rent
that's MORTGAGE FRAUD
You can't lied on your application
bank find out
bye bye home
;D ;D ;D
i know a hmong couple who did this
plus $400,000 whatever your property tax is tooo damnn high
(http://i.imgflip.com/1bik.jpg)
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Rental property loans: How they work and where to find them
https://www.visiolending.com/blog/rental-property-loans (https://www.visiolending.com/blog/rental-property-loans)
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8 types of rental property loans and the pros/cons of each
https://learn.roofstock.com/blog/rental-property-loans
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you can't rent and take out loans
that would be mortgage fraud....
i can't buy a $200,000 for my sister who has bad 600 credit scores
so she can live on it
and pay me rent
that's MORTGAGE FRAUD
You can't lied on your application
bank find out
bye bye home
;D ;D ;D
i know a hmong couple who did this
plus $400,000 whatever your property tax is tooo damnn high
(http://i.imgflip.com/1bik.jpg)
Funny you should mentioned mortgage fraud, that’s why I said you don’t own a home. Lenders take one look at your spotty work records and DENIED or CANCELED. :D ;D
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Funny you should mentioned mortgage fraud, that’s why I said you don’t own a home. Lenders take one look at your spotty work records and DENIED or CANCELED. :D ;D
His wife bought the house and rent it back to him.
Some kind of mortgage tax loan fraud shenanigan going on here :2funny:
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wow
that cringe
"cringe":
yeah i just make that stuff up
Just lied, dude
And of course, WELPS so much for crying "NO BODY CARES...no view...no comment"...
There goes more "comments" to prove right ONCE AGAIN, and this a "news" thread...not that it's difficult when it comes to the handful members.. ;D O0
PAGE NUMERO 6 of "no view...no comment" NOW... ;D ;D ;D :idiot2:
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Cringy is get proven wrong over and over again.
;D ;D ;D ;D ;D
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His wife bought the house and rent it back to him.
Some kind of mortgage tax loan fraud shenanigan going on here :2funny:
Funny you should mentioned mortgage fraud, that’s why I said you don’t own a home. Lenders take one look at your spotty work records and DENIED or CANCELED. :D ;D
yeah
this would be mortgage fraud
buying a house for someone because their credit score is bad
and then them playing you RENT
LMAO at $400k property tax
i thought you guys own a home
;D ;D O0 O0
https://en.wikipedia.org/wiki/Mortgage_fraud
Occupancy fraud: This occurs where the borrower wishes to obtain a mortgage to acquire an investment property, but states on the loan application that the borrower will occupy the property as the primary residence or as a second home. If undetected, the borrower typically obtains a lower interest rate than was warranted. Because lenders typically charge a higher interest rate for non-owner-occupied properties, which historically have higher delinquency rates, the lender receives insufficient return on capital and is over-exposed to loss relative to what was expected in the transaction. In addition, lenders allow larger loans on owner-occupied homes compared to loans for investment properties. When occupancy fraud occurs, it is likely that taxes on gains are not paid, resulting in additional fraud. It is considered fraud because the borrower has materially misrepresented the risk to the lender to obtain more favorable loan terms.
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YIPEE..More "comment" to prove me right O0..