Messages

1

Essentially Flyertalk / Re: Real Estate Ty-cats

« on: July 29, 2018, 07:21:28 PM »

Do you own properties through an LLC? How do you finance?

Wondermeal or Eurocat. Thoughts on this? Also, do you rely on an accountant come tax season or do you factor in the available tax breaks in how you purchase/rent?

I just use my local bank and it's a "typical" fannie mae underwritten mortgage. Since it's not owner occupied you will likely have to put at least 20-25% down and pay a slightly higher rate.

Some people transfer properties to an LLC after taking out the loan but there are risks to doing that. The way most mortgages are underwritten the bank can call the note through a due on sale clause. If this happens you will be required to pay off the note immediately or you can be foreclosed on.

However, I think that is pretty rare these days as many banks only care that the monthly payment keeps coming in. It is certainly a risk, though.

I don't have an LLC at this point but i have considered it. I would definitely do your research if you are considering doing this.

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Essentially Flyertalk / Re: Real Estate Ty-cats

« on: July 28, 2018, 11:17:10 AM »

I have a few units. Couple of thoughts about 'nalysis

Assume the worst in your analysis. You don't want to get foreclosed on.

I assume 8% gross rents are vacancy costs (lost revenue, turnover costs)
15% gross rents go to repairs
Always assume 8-10% for property management. Even if you self manage, you don't want to take that option off the table.
Property tax, insurance, debt service also needs to accounted for

I look for deals that offer at the very least 7% cash on cash return. Appreciation is just icing on the cake. I don't plan on it

3

Kansas State Football / Re: Gems from TexAgs

« on: December 31, 2016, 09:10:45 AM »

Dax, you should consider writing a novel about KU Karl. Maybe a prequel. Would love some backstory and context on his hatred of KSUck. Who knows whats what darkness lies beneath those Hy Vee hawk BBall shirts.

4

Jerome Tang Coaches Kansas State Basketball / Re: Deja-oscar; Maryland ADV

« on: November 27, 2016, 10:08:17 AM »

Close games are definition decided by one or two good/bad plays. Once you start losing more than your fair share of these games it's time to start looking beyond the "player x made a bad play" blame game.

Lots of crappy coaches make a living out of losing a lot of games by not very much and putting a positive spin on it. See: Paul Rhodes, Wooly, Doc Sadler, etc.

5

Essentially Flyertalk / Re: Waldo Area... Psyche, I'm moving to City Market!

« on: July 27, 2016, 08:39:40 PM »

We're also in Waldo (78th & Jarboe). We need a Waldo Things thread?

6

Jerome Tang Coaches Kansas State Basketball / Re: I AGREE WITH TIM FITZGERALD!!!!

« on: March 21, 2016, 07:16:11 AM »

When all K-state fans (including tucks) reach consensus on something....that thing needs to happen.

7

Kansas State Football / Re: This team

« on: September 19, 2015, 03:23:59 PM »

The 2004 team thinks this is a bad offense.

8

Essentially Flyertalk / Re: felix rex moves to Cairo

« on: March 30, 2015, 08:23:35 PM »

Are we really not going to comment about the guy behind the squash wearing a "FREEDOM" shirt with what appears to be an american muscle car on it?

9

Essentially Flyertalk / Re: Well hello there SAE

« on: March 11, 2015, 09:03:26 PM »

However, the one guy in my circle that was in one(don't even know which) used to get super worked up if you called it a Frat rather than a Fraternity.  He said that was similar to calling our Country a $!#*. 

People who say that are douchebags, and it's not something I'd call someone out for, but the word 'frat' makes most people think of all the negative stereotypes of a fraternity.

"Frat" has a negative connotation because of the shitty behavior that people have associated the word with. If you want to end the association, you have to change the behavior, not the word.

10

Jerome Tang Coaches Kansas State Basketball / Re: You Can Be The Answer

« on: February 26, 2015, 01:05:56 PM »

Never stop.

11

Essentially Flyertalk / Re: Kansas City things

« on: January 17, 2015, 01:06:08 PM »

Was out for a run this morning (Waldo) and there was a Crime Scene Investigation van at a stop light. It had a bullet hole in the windshield.

12

Essentially Flyertalk / Re: how many states have you lived in?

« on: June 09, 2014, 09:30:18 PM »

Kansas, Oklahoma, Cambridgeshire, Oklahoma, Kansas

Symmetry

13

Essentially Flyertalk / Re: travel thread

« on: June 03, 2014, 09:03:29 PM »

portland recommendos?

14

Essentially Flyertalk / Re: facebook posts/tweets from people from your hometown

« on: May 16, 2014, 11:11:29 PM »

FIX THE GROCERY STORE SYSTEM!!!!!!!!

THANKS OBAMA

15

Essentially Flyertalk / Re: GPC Wabash Station Thread Title Of The Day

« on: May 13, 2014, 07:46:33 PM »

Better BBall Roster '07 or '14 Reply

--------------------------------------------------------------------------------
Franks first year had a stacked roster and obviously more top heavy with Beas, Walker and Pullen. If Hoskins could have played it would've been even better. It's close but I think this '14 team is deeper, more balanced, complement each other better and has more talented overall.

Hopefully oscar can match that roster and win a tornament game.

The most important thing is that they play The Right Way(tm)

16

Essentially Flyertalk / Re: travel thread

« on: March 28, 2014, 12:46:43 PM »

dfw terminal d is incredible.  just amazing.

food in termy B is just turrrable

17

Essentially Flyertalk / Re: travel thread

« on: March 28, 2014, 12:45:14 PM »

How about train stations?


Sent from my XT1080 using Tapatalk

Most definitely in the UK. Newcastle?

18

Essentially Flyertalk / Re: travel thread

« on: March 27, 2014, 09:34:39 PM »

DFW

Yes

Sent from my XT1080 using Tapatalk

Terminal D

19

Essentially Flyertalk / Re: FATTYFEST 2014

« on: March 20, 2014, 08:25:27 PM »

 

20

Jerome Tang Coaches Kansas State Basketball / Re: szybkie pozyczki na swieta 2214

« on: March 19, 2014, 09:22:11 PM »

dzi?kuj?

21

Jerome Tang Coaches Kansas State Basketball / Re: Will be fun to play 6th most prestigious program.

« on: March 16, 2014, 05:51:58 PM »

Trying waaaay too hard here folks. 

Sent from my Nexus 7 using Tapatalk

22

Kansas State Football / Re: ESPN ranks Manhattan greatest college town in the country

« on: December 25, 2013, 05:46:02 PM »

Could we try losing at something just to feel what it's like? It's been so long i forget.

23

Essentially Flyertalk / Re: Enough already! My PM box is full!

« on: December 24, 2013, 06:22:42 PM »

Pity reply

24

Jerome Tang Coaches Kansas State Basketball / Re: Weber trolls Koppe

« on: December 16, 2013, 12:27:43 PM »

At least we knew Frank's tweets were Frank's

That's g8 2 hear U think that.

25

Essentially Flyertalk / Re: GPC Wabash Station Thread Title Of The Day

« on: December 10, 2013, 08:35:16 PM »

gitrdone!

Post #7354
MyFanPage

Spent four hours in Lawrence on Sun at Christmas home tour

Wife and I drove over from Man wanting to do a Christmas themed activity. We tend to enjoy Christmas home tours and thought we would drive over to Lawrence to try theirs this year (Yes, I'm a tuck). Well, I should have know better. The first stop was in a retirement community appartment. It was a one bedroom small appartment for a single elderly person. Very nice lady but it wasn't what we had expected. We stepped in the front door and it took 30 seconds to see the whole place. Next stop was a renovated warehouse "rent controlled complex for artists". It also was a one room loft overlooking a parking lot. Not what we had expected on a "homes" tour. There were several nice homes but ALL had jayhawks everywhere. There was definitely an "attitude" by many people we encountered. The artists colony rent controlled place was so "KU-esk" it was annoying. We ate lunch in a downtown bakery and there were angry looking longhaired types everywhere. We left Lawrence and drove to Leavenworth for their historic home Christmas tour which was awesome. I learned  to never assume you will enjoy yourself in Lawrence. It really is a very different environment than Manhattan. Felt like a communist foreign country.

Close thread. Great run you guys.