Just watched “The Big Short!”
When I came to the Northwest in 1989, I might have had $50 in my pocket and a fresh Air Force Reservist check in the bank. That was it. I did have a job at Boeing as a Manufacturing Engineer, however. I had a bachelor’s degree, and A&P licenses and 8 years heavy aviation experience. I started at $11.10 an hour. Meanwhile, grade 4 union mechanics with GEDs made way more money.
After 5 months, I qualified for a mortgage loan and purchased a house in Tacoma for $55,000. I would commute back and forth to Renton every day. Then I would work on the house from 6Pm to 11PM. Once it was fixed up, it appraised for $35,000 more. I then sold it to my girlfriend for $89,000 and used the $40,000 I made on buying another property owner contract for $52,500. This property would be on a large lot with a view of Mt. Ranier. Of course, my girlfriend would also be on the deed. I remodeled this property and added a huge garage. I then paid this property off. Once the property was paid off, I was able to get a HELOC from BECU for $100,000. I would use the HELOC to pay cash for houses. Then I would fix them up and put them on mortgages with an LTV of 80%. Of course, my significant other would always be on the deed with me.
Every loan we made, was on a 15 year fixed. We would also make extra payments. We found that paying bi-monthly knocked off years. We never refinanced until we could consolidate loans at a lower interest rate. We never took out principal equity either. We also drove 20 year old cars.
I did all the work on the properties. Back then it was cheap to remodel a house. Now, materials from Home depot or Lowes have gone up three times. Now, every trip to Home depot is a painful event. In 1990, interest rates were 8.5 % or more. One had to buy fixer uppers or be house poor. Today with interest rates at 4%, people are stupid if they do not buy a new house. Had interest rates been 4% when I was investing, my net worth would be double or triple what it is.
We would pay off all debt when we doubled our money on a rental in Kirkland. Had I waited another 6 months, I would have put an additional $50,000 in my pocket. Now, after 25 years of investment, we have a sizable paid off rental portfolio, 800 credit, and autonomy. Whenever I have to clean up and repair a rental, I do it without remorse. I traded commuting back and forth to Seattle and a 8 to 4 job for complete autonomy and empowerment.
I have achieved every aspect of the Maslow’s hierarchy of needs within the framework of my small social group. Running for Congress and garnering support is another story. Don’t expect me to file an FEC report or ask for donations. I could easily stuff big money into an FEC account, but then again, I do not want to embarrass the other candidates that do not have a pot to piss in and call themselves job creators.
I took me ten years to make a million. After that, it is my business. In the meantime, I flew worldwide 7 to 10 days a month, ran a successful business and a very successful residential rental business. In fact, everything I have done in my life has been a success. My marriage is successful. My investment graph is a 45-degree angle.
Republicans say they support veteran candidates. They say they support small business folks. They say that they support successful entrepreneurs, job creators or people with worldwide experience. I found that they only support individuals who are bereft of a job creation history or folks that toe the line on antiquated dogma. They work with illusion in lieu of demonstrative deeds and results. In fact, unless one is the RNC chosen, one does not even get the courtesy of a retweet. In fact, one gets kicked off the WAGOP Facebook and put in the silent treatment penalty box. Kind of like a modern day Republican inquisition and burning at the stake for solar power heretic or general pains in the ass. Oh well. Here let me count these big and fat rental checks while you play the role of a Facebook Joseph Goebbels’ You small man!
It is too bad Americans cannot short the demise of the Republican party. A Party that doggedly supports obsolete job creation ideas, environmental terrorism, perpetual war and stupid foreign policy. Then again, the Republican party is still run by old viva Bush protege neocons that are beholden to a special interest that desires war. My job is to pinch the earlobe of the Republican party and drag it kicking and screaming back to foreign policy sanity and common sense energy solutions.
For me, this is the last hurrah. I will have done my best and exorcised the past demons of Republican stupidity. I am a winner either way and ride off into the sunset knowing that I did the right thing and held sound and sane positions. If you doubt my sanity, I am the one with zero loans, 800 credit, and money in savings. I want nothing from big government save what was envisioned by the Founders. As far as I can tell, that is way beyond the Federal government and it’s $20 trillion in national debt.
Anyways, I am not paying to project a message. If the message is sound, voters will gravitate, and social and traditional media will do the rest. If not, well, nobody will care or give a damn on August 2nd, 2016. People will simply forget quickly and move on to the next youtube video. I will be no worse for mental wear, in fact my core will be stronger and healthier.