adam

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    Minneapolis, MN
  1. adam

    Bought a couple pro street choppers...

    I might be interested in the Rooke bike. I've always wanted a single sided swing arm pro street. Can you shoot me your email address via PM? I don't care what anyone says, nothing beats a good, clean chopper. I ride my bagger more than the chopper, but I'd sell the bagger in a heatbeat over the chopper. I like my bagger, but even modified like mine and Mac's, they're still a dime a dozen.
  2. adam

    member's bikes thread

    Haha. Thanks! Does anyone know how to rotate the pic back to how it's supposed to be? If you "click" on it, the pic shows up correctly...
  3. adam

    member's bikes thread

    04 Custom Chopper 13 HD Street Glide
  4. I still don't understand the logic behind a state requiring a permit holder to declare a LEGAL weapon at a traffic stop. A law abiding citizen that is willing to declare a weapon at a traffic stop is the same person who is of absolutely no threat to the officer. It's the criminal who isn't carrying legally who is the threat...and the same person who is not going to "declare their weapon." You also have too many officers who want to disarm a permit holder at the stop...which is the only thing dumber than actually declaring in the first place. Every time a loaded weapon is handled (i.e. - removed from holster and unloaded) there is the opportunity for negligent discharge. Especially, when the weapon is handled by someone who doesn't know the in's and out's of the particular firearm. I've probably been pulled over a half a dozen times with a loaded weapon on me and not once have I even considered telling the officer. FYI - in MN we are not required to do so.
  5. adam

    ~50k to invest

    This is more of a business opportunity than an "investment", but last year I took $50,000 and just started buying whatever I felt had a margin or a value-add opportunity. Prior to this, I was 100% invested in my real estate business (rental portfolio and buy/rehab/resell opportunities). I was essentially looking for something that would keep me more liquid than typical paper investments and provide a better return. It's only $50k, but it was key for me to only tie it up for very short periods of time. I knew I wouldn't make a killing with just a $50,000 investment, however, this venture allowed me to test the waters and see if there was any real opportunity in this model. It also met the criteria for investments that I have set for myself at this point in my life - have control, collateral and invest in tangeable assets only. I have a friend that is in the auto and boat business and he is out looking for opportunities for us to purchase and resell anything that makes sense...cars, boats, snowmobiles, electronics, etc... It's his job to find the opportunity, figure out the exit strategy and everything inbetween (repairs, sales, etc.). All I do is double check his findings and provide the capital. I could do all this by myself and make more, however, I wanted to get into something that met my criteria above and took little to no time. As of now, I am happy...I typically have $25-40k out at any given time, I have broke even - but not lost on any given transaction...yet...and I have more than doubled my money YTD. Again, this is not a passive investment, but I enjoy the creativity of it and it has been a good learning experience.
  6. adam

    Which Looks better?

    Oh, and definitely sm wing...
  7. adam

    Which Looks better?

    Huh... That car didn't come out of Eden Prairie, MN, did it?
  8. adam

    Construction Loans

    Private or investor money would more than likely be too expensive. I would avoid a broker for a construction loan. Many haven't done a construction loan in 3-4 years, and those that have, probably haven't done many. You will probably end up as a guinea pig. I would check with the small local banks. Many of the historically conservative banks have too much capital on hand and are aggressively looking for loans. Go get your end loan approval from BoA or WF and then shop it at the local bank level. Again, brokers are decent for cookie cutter deals, but anything out the ordinary really throws them off these days. For example, I went to a very reputable broker to finance a package of 10 rental properties that we have and they ended up giving up after a week of "looking for a lender". I then went to a local bank and they were very aggressive with the terms and got the deal done immediately. They even called this week and asked if I needed more money... Last, I do know that if have a current relationship with Wells, they have a construction loan that seems to be pretty decent.
  9. Nope. Ownership is the same across all 50 states as far as I know (someone correct me if I'm wrong). If you own the house, you own the house. Now, what is different is how the security interest is held by the lender and that is what you are referring to (deed of trust vs. mortgage). Both, however, essentially accomplish the same thing. Neither one provides any more latitude than the other in how (or whether you may) destroy your house in the process of moving out during foreclosure. It's not allowed in any case. Per the deed of trust or mortgage( i.e. - the security instrument), you CANNOT do whatever you want to the house - even though you are the legal owner. When you sign your security instrument with your lender, your rights in the property are limited and narrowed in scope. The limiting factor at hand is that you are acknowledging that you will not cause any adverse effects to the collateral. A common example of this is when someone decides to knock their house down and rebuild. The security instrument doesn't allow this and the lender may call the loan due even though you are current on payments and are just trying to replace the home with something newer/better.
  10. Not necessarily true. The mortgage is on the structure, land and fixtures. Personal property is something that is not attached to the real property (home, building, etc.) You have every right to remove personal property (TV's, refrigerator, washer/dryer,etc.) , but you cannot remove something that is fixed to the real estate. A mortgage will typically address this. Google "Fixture vs. Chattel" to learn more. To the OP...it is a crime to remove a fixture from the property. I have seen cases here in Minneapolis where felony charges are being brought against previous homeowners for vandalism and theft. And I fully support this. Most lenders just don't have the time/resources/motivation to pursue this. If you don't pay your mortgage and lose your home, why should you be able to destroy the only collateral that the bank holds by removing your kitchen cabinets and bringing your HVAC system with you? It's not yours ANYMORE.
  11. adam

    Concealed carry gun? Recomendations?

    I always have one in the chamber. I am confident in my training/experience and confident enough in the gun (glock 19 gen4) to always have it ready to go. To me, carrying without one in the chamber is like carrying a flashlight without batteries. I know many disagree, but that is the stance that I take.
  12. adam

    Stock Ticker

    not sure i understand why a stock ticker is relevant? as previously stated, it seems out of place...
  13. adam

    Questions about Millennium Roadster

    More like 6 1/2 year bump!
  14. adam

    ny/nj members.... "pole position raceway"..

    i've been to pole position in vegas (across from the newer palms tower)...not sure if it's the same company. we were there for a benefit for a friend who broke his back; everyone spent alot of time on the track. all the cars were electric - ton of torque - and were much faster than the cars that the tracks here in mpls have (30 mph vs 40+).
  15. adam

    I really need to buy a new gun...

    Agreed. When I carry, its a Glock 19 (9mm). I prefer shooting a .40 - just more fun in my optinion, but the 9mm is so much cheaper to shoot. But don't take our word for it. Go out and shoot every gun you're interested and DON'T buy one with renting/shooting it at a range first. Each gun feels so different - trigger pull, mussle filp, ergonomics, etc...