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A little nugget of joy

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  • A little nugget of joy

    I called a bank here who is willing to refinance my vacation rental properties to as low as 2.5% tomorrow. They are currently in the mid 5s. That's a savings of $1000 a month from now on.

    Who knows, I might just have to do a little cash out/refi on one of them and buy a Ferrari California. I've wanted one for a long time.

  • #2
    Originally posted by TexasHusker View Post
    I called a bank here who is willing to refinance my vacation rental properties to as low as 2.5% tomorrow. They are currently in the mid 5s. That's a savings of $1000 a month from now on.
    It is an amazing time to be getting or refinancing a mortgage. Jump on that deal.
    Steve

    * Despite the high cost of living, it remains very popular.
    * Why should I pay for my daughter's education when she already knows everything?
    * There are no shortcuts to anywhere worth going.

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    • #3
      Seems like a great opportunity to cash out so you can pay the expenses on your franchises and retain your most valuable employees.

      I have 4 franchise locations with a bi-weekly payroll of around $20,000. If we are forced to close, even without payroll, I’ve got $13-14K a month in fixed expenses, with zero income. Is it generous for me to pay employees 100% of their wages for 2 full weeks? Should I stagger it and say “if you’ve been here


      History will judge the complicit.

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      • #4
        Originally posted by ua_guy View Post
        Seems like a great opportunity to cash out so you can pay the expenses on your franchises and retain your most valuable employees.

        I have 4 franchise locations with a bi-weekly payroll of around $20,000. If we are forced to close, even without payroll, I’ve got $13-14K a month in fixed expenses, with zero income. Is it generous for me to pay employees 100% of their wages for 2 full weeks? Should I stagger it and say “if you’ve been here

        Luckily I don’t need to find cash to do that. I’ve been blessed beyond measure.

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        • #5
          lots of nuggets of "something" going on in this and other threads LOL
          Gunga galunga...gunga -- gunga galunga.

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