How did your investments do in 2019?

[CHenry]

Again, a callable loan is not a mortgage. Additionally, a personal loan is not a mortgage.
A bank cannot call a mortgage just because they want to as you claim.

For your benefit from your source:

"Callable loans are usually short-term arrangements issued to brokerage firms and businesses who need a temporary capital infusion, but some personal loans do contain call provisions."

We were talking about rental property. If I was a slum lord with 10 properties and some being residential and others commercial, I'd be i a LLC so thats commercial. So if I had money leveraged for those properties, its not a personal mortgage. Its a commercial loan and those are more callable. They may have changed those banking practices but 5 years ago it was quite common.


AT NO TIME WAS I TALKING ABOUT A PERSONAL MORTGAGE.
But those can have Call provisions in them also.

 

[JD8]

Conventional loans can be used for rental property. Not sure why you'd go commercial unless you had to.

 

[SlugSlinger]

Cheney, You need to read what you posted. Slum lords and llcs were never mentioned. However private mortgages were discussed.

Gonna suck on those months you have no renters.
Should NEVER leverage a mortgage for rental income.

I'm not sure.
But when you mortgage home, they bank takes ownership of said property.

We were talking about rental property. If I was a slum lord with 10 properties and some being residential and others commercial, I'd be i a LLC so thats commercial. So if I had money leveraged for those properties, its not a personal mortgage. Its a commercial loan and those are more callable. They may have changed those banking practices but 5 years ago it was quite common.


AT NO TIME WAS I TALKING ABOUT A PERSONAL MORTGAGE.
But those can have Call provisions in them also.

 

[SlugSlinger]

Conventional loans can be used for rental property. Not sure why you'd go commercial unless you had to.

Reduced personal liability would be something to consider.

 

[CHenry]

Cheney, You need to read what you posted. Slum lords and llcs were never mentioned. However private mortgages were discussed.

I was primarily talking about investment property, be it a mortgage or LLC.
The one case I know of it happening was exactly the scenario I wrote with the 10 rental properties. I did use the word Mortgage but that wasn't the right term.

 

[Chief Sapulpa]

...and thank you to the US government for the Secure Act; I turned 70 1/2 today and now I'm not required to start taking RMDs from my IRA and 401k until I turn 72...yay!

 

[harley128]

...and thank you to the US government for the Secure Act; I turned 70 1/2 today and now I'm not required to start taking RMDs from my IRA and 401k until I turn 72...yay!

True................... I like it!

 

[jmike314]

403b here. A couple of them.

2018 was a dip for me as well. Finished the year -10.5%. However, after getting a handle on things at the beginning, the last 5 years have more than covered for that slide. Been good to me so far.

2015 -2.5%
2016 +11.4%
2017 +15.3%
2018 -10.5%
2019 +23.6%

Overall I'm looking at a performance mark of over 50% since inception.
Now I just need to start shoveling more money into it so I can retire comfortably.

 

[HeyEng]

Gonna suck on those months you have no renters.
Should NEVER leverage a mortgage for rental income.

You paint with a very broad brush and isn't the case for some people. Are you a licensed FA? I don't think so from some of your other questionable "advice" (Dave Ramsey!?!). Don't take people down a path they may not understand.

True but the gamble there is real. I dont like being leveraged.
Like mortgaging a home to invent the money in Stocks.
Same thing.
Very risky.
If the bank sells your loans and the new owner calls your loan, your foreclosing. Happens a lot.

A lot? Really? What lender and for what reason? If it's sold, they cannot arbitrarily "call" the note.

I'm not sure.
But when you mortgage home, they bank takes ownership of said property.

Dude. Just stop. They do NOT take "ownership" unless it's a deed of trust which doesn't exist in Oklahoma. It's a lien. You are giving ****** advice out of your ass that is just WRONG.

 

[harley128]

You paint with a very broad brush and isn't the case for some people. Are you a licensed FA? I don't think so from some of your other questionable "advice" (Dave Ramsey!?!). Don't take people down a path they may not understand.



A lot? Really? What lender and for what reason? If it's sold, they cannot arbitrarily "call" the note.



Dude. Just stop. They do NOT take "ownership" unless it's a deed of trust which doesn't exist in Oklahoma. It's a lien. You are giving ****** advice out of your ass that is just WRONG.

where's the popcorn?