adam

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.

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...

04 Custom Chopper 13 HD Street Glide

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.

Oh, and definitely sm wing...

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

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.

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.

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.

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.

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

More like 6 1/2 year bump!

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+).

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...

I don't think a $750K offer would offend him. If HE asked, he's already prepared himself for a lowball offer. (And I won't consider $750,000 a low ball if joebiz is saying market discounts on prime asset backed paper is in the 78-84 range.)

yay!! in my book there's no such thing as "fake tits". if you can touch 'em, they're real!

I agree w/Swil. I feel that as soon as I sit back and relax (not literally), that means that I have lost my edge. I feel that I'll always be chasing the next goal. In the beginning the motivation is always financial, then you start to look for a balance, then time becomes your greatest asset (and most expensive), etc, etc. I love my career; I wouldn't do it if money was the primary motivating factor. I definitely feel as though reaching that point was a milestone, but I'm still paying my dues.

Sounds like Tom Petters from here in Minneapolis. He's on trial now - being accused of bilking investors out of $3.5B. This was also a shock to those that didn't know. Many of his investors were charities and his "fundraisers" were deeply rooted in thier respective religious communities.

I have a friend that has his own policy to rarely give deposits back. 500+ units X $800-1500 unit per year = significant income stream. Less than 30% even fight him on it. Basically, the deposit provision is the only part of the rental contract that routinely falls in the landlord's favor. If you have any sort of evidence of damage/repair, you are more than likely OK.

yeah, it's a pricy sport. one of my business partners has a 42 mti cat - it's funny when he brings people out on the boat for a weekend and they offer up 20 bucks for gas...the $20 covers the cost of starting one of the motors. he doesn't even tell people what the running costs anymore because they are downright appauled when they hear the #'s.

I highly doubt that the car fell off the lift. Chances are, the back wheels would come off the end of the ramp and the car would sit on the chasis. It looks as though they pulled the car off the ramp, then tried to lift ramp for some reason...and being the idiots they are, didn't pull the car back far enough and lifted the front off the ground. It looks like the rear bumper is still intact and more than likely wouldn't be if it had really fallen off the ramp. Thoughts?

I don't doubt that there is cash hidden, but I would be surprised if its a lot (relatively speaking). From what I've heard, people are claiming that there was just north of $10B "invested". Let's for a minute assume that that's true. That would put his balance sheet at the $30-60B under management that people are claiming to be the paper losses in this case. If you are paying dividends on even $30B at, say, 8% (his low-side returns), you are paying out approx $2.4B/year. It doesn't take much of a swing in the market to put you under and expose the whole thing. This whole thing was "financed" by new investors and a little investing here and there. Once you lose the actual investment income and experience a slow-down on new investor recruting, the shelf life shrinks fast. I don't see the feds finding billions in hidden money in this case. The money was either spent, lost in the marketplace, or used to pay dividends and/or as principal repayment. I could see a lot of people getting hit with claw-back suits though. Thoughts?

Correct, as long as both the property and the debt are "qualified" under IRS guidelines. I am not questioning the fact that mortgage interest is deductable under certain circumstances. My question lies in how they structured the HELOC so that it qualifies as either grandfathered debt or home equity debt per IRS guidelines. I'm mearly asking out of couriosity...not trying to challenge the fact that he is deducting the interest. Google "IRS Publication 936" to see what I am referring to.

I understand that. But refinance mortgages are not typically eligible for for interest deductions. Many people do it, but there's a cap and it's only on purchase money mortgages.

How is it tax deductable? What's the rationale behind that? Not doubting you...I have just always been under the impression that only purchase money financing up to a certain $$ amount was tax deductable. In regards to the loan, your scenario is very common. When I buy a car (not an exotic), I pay cash just to make the purchase easy and then turn around and finance a portion of it back. I've done this a recently as last winter. I think your biggest obstacle is going to be the age of the car - most lenders won't finance something over 5 or 7 yrs old (can't remember the exact number.)