Chat 4-04-05
Posted on April 4, 2005
Al_Lee: Hi, I am a bit early
Al_Lee: Hello, Ray
Ray: Hi. This is my first time on just checking it out
Al_Lee: Well, if you are interested in real estate investing–you’ve come
to the right place
Al_Lee: What state are you in?
Al_Lee: The official chat starts in 5 minutes. We are a little early
Al_Lee: Hi, Ralph
Ralph_Roberts: Hi Al, I am in the state of confusion
Ray: I am in North Carolina
Al_Lee: I wasn’t asking YOU
Al_Lee: Ralph
Ralph_Roberts: The chat is whenever we are heah. 
Al_Lee: Ray, you are neighbors wtih Mike Summey, then
Ralph_Roberts: hey, Kim
Kim-OH: Hi Ralph!!!!
Kim-OH: Hi Al
Al_Lee: Hi, Kim
Kim-OH: Hey Ray
Ray: I am in the Triangle area East of Mike
Al_Lee: I have been there on business. it is a beautiful state
Kim-OH: Hi Larry
Ralph_Roberts: Ray, I am near Asheville… lots of North Carolina folk in
these chats.
Larry_W: Hi Al. Was reading last weeks chat. You had a good group last
week
Al_Lee: Hi. Yes, we did. it was a pretty lively chat.
Al_Lee: Welcome, Paul
Ralph_Roberts: welcome, Paul
PaulS: Hello everyone
Ralph_Roberts: hi Kevin
Ralph_Roberts: there’s Mike!
Kim-OH: Hi Mike
Al_Lee: All Rise!
Ralph_Roberts: hi Doug!
Kim-OH: We are just waiting for the birthday celebrant
Doug_in_CT: Hi Ralph
Mike_Summey: Look’s like I’m late.
Larry_W: Hello, Mike. from your Raleigh group
Mike_Summey: Hi Larry
Mike_Summey: Are we waiting on the birthday boy?
Kim-OH: Indeed Mike
Ray: Hi Mike, Ray here from the Raleigh group
Al_Lee: He’s probably still celibating
Mike_Summey: Hi Ray
Kevin: Hello all.
Larry_W: I’ve been giving out some of your old books
Mike_Summey: I just finished the most wonderful rack of lamb.
Kim-OH: Ralph do you have some fireworks graphics for the ocassion?
Mike_Summey: Hi Brian & rob
Ralph_Roberts: we are chilling the bubbly now
Brian-ON: Hi Mike!
Ralph_Roberts: hi Rob
Rob_FL: Hi
Mike_Summey: Larry … old books?
Ralph_Roberts: PENNY!!!
Brian-ON: No Roger yet?
Mike_Summey: Hi Penny
Ralph_Roberts: no Roger yet
Penny: Hi Ralph and Mike!
Larry_W: Yea, waiting for your new book to come out. Was in Barnes and
Noble today looking for it
Mike_Summey: roger is probably waiting until all his subjects are in the
chat so he can make a grand entrance.
Mike_Summey: Kat
Kim-OH: Hi Penny
Kim-OH: Hi Kat
Kim-OH: Mike you are so bad
KAT: Hello All. Sorry I’m late.
Penny: Hi KIm
Mike_Summey: You’re not late … Roger is late.
Kim-OH: Maybe he cant dial in LOL
KAT: My computer was acting up!
Mike_Summey: I’m going to have a special guest next week. One many of you
have asked for.
Penny: Rack of Lamp Mike, are you celebrating tonight also!
Penny: Lamb
Kim-OH: Mike is it a lender?
Al_Lee: Thanks for turning that b right side up
KAT: Is the special guest a banker?
Mike_Summey: How’d you guess Kim?
Kim-OH: Penny, I rather liked the lamp thing
Kim-OH: mike you mentioned perhaps having a lender when we chatted last
week
Penny: yes, but I bet the Lamp didn’t taste as well.
Penny: haha
Kim-OH: Penny no but I can see it turning on a spit quit nicely LOL
Mike_Summey: The Regional Executive Vice President of First Citizen’s
Bank will be with us. He in in charge of all of Western North Carolina and
Tennessee.
Penny: :p
Al_Lee: Please don’t spit in the chat room
Kim-OH: Mike is the lender a privat lender or from a national lending
company?
Larry_W: Everybody got your carolina blue on tonight?
Kim-OH: Al you are too funny, chill out with your lovely chardonney and
enjoy LOL
Kim-OH: Mike that will be awesome
Mike_Summey: He will give you straight answers to questions about
building banking relations and how to get bank financing.
Rob_FL: Al, I was listening to one of your streaming audio and you
shighly discouraged buying properties that need a lot of repairs. Aren’t those
the ones that you can get good discounts and buy cheap?
Al_Lee: There is a simple rule: a bank will be happy to loan you miney if
you don’t need it
PaulS: It’s tough getting banking relations, so I look forward to it
Mike.
Penny: Yes Larry, got mine on!
Kim-OH: Al I agree with you
Mike_Summey: Hi Paul, I didn’t see you earlier.
Mike_Summey: Carolina is the word tonight.
PaulS: Hi Mike, came on right before you.
Al_Lee: Rob, Good question. I don;t like buying properties that need work
because I will have to do the work using cash money and that ups my invested
dollars significantly.
Rob_FL: Many real estate "guru’s" use that "65% rule"
when making offers such as 65% of ARV minus repairs and then use a hard money
loan to buy the property without using your own money….
Al_Lee: I I can get the selelr to pay for the repairs at closing, though,
I don’t mind so long as I am pretty certain that I knowexactly how much it will
cost and am not likely to get any surprises
Mike_Summey: Hi zert
Rob_FL: That’s why it is 65% b/c many hard money lenders will loan at
65%-70% LTV so you won’t need to use your own money
Ralph_Roberts: hi Zert!
Al_Lee: If I can get the seller to pay for the repairs…
Larry_W: Mike, I talked to First Citizens home office a couple of months
ago. They said They are too conservative for Real Estate investing.
Kim-OH: Mike is First Citizens Bank a major bank in the region?
zert: Hello everyone
Kim-OH: hi zert
Kim-OH: HI Eddie
Rob_FL: I’ve looked at houses that need $15K in repairs, would you try to
get them to pay for all that? Or are you talking about mainly "pretty"
houses that just need minor work?
Mike_Summey: I found Roger.
Kim-OH: Mike where is he hiding?
zert: where is the Birthday Boy at Chuck-E-Cheese??
Al_Lee: Rob, predicting the real cost of repairs is like readign a Ouija
board. You better really, really know what you are getting into before you buy a
proeprty that needs work. It is not uncommon for a $2000 repair to a floor to
turn into a $20,000 foundation rebuild–plus floor replacement
Mike_Summey: He is on his way home from his Lexus dealer. Been looking at
a new Lexus for his birthday.
Kim-OH: Hi Mark
Mike_Summey: He sends his sincere apology and said he will join us as
soon as he gets home.
Al_Lee: Hey, Mark Godd to see you here again
Kim-OH: Nice Mike, but he’s late
Al_Lee: Good
Mike_Summey: Hi Mark
MarkCT: Hi guys. Just popped in to give a quick happy birthday to Roger.
Doug_in_CT: I pity the poor Lexus salesman who will have all his
commision negotiatied away.
Mike_Summey: His excuse is that he got so involved in buying the Lexus
that he forgot us. Can you believe that?
Kim-OH: Doug, I love it
Kim-OH: Mike time flies when one is negotiating LOL
Rob_FL: Roger was deep in negotiations!
Rob_FL: Had to resort to the walk away close at last
Doug_in_CT: I am sure he was "making money" to the tune of
$1,000’s per hour
Al_Lee: zert, the Chuck-E-Cheese joke is the best of the evening,
congrats
Mike_Summey: He’s going to be in deep something else when he shows up
late.
MarkCT: He’s not here? Oh well he’ll have to read the transcript to get
my birthday hello.
Brian-ON: Some folk like to be late;-)
MarkCT: Buy anything new in Connecticut Doug?
Mike_Summey: Mark, he won’t be with us for a while. He is on his way home
now.
Rob_FL: Al, so what "condition" properties do you target that
the sellers are willing to pay the repairs AND still sell you their house?
Kim-OH: I was hoping there might be balloons in the emoticons for the
ocassion
Al_Lee: Rob, I have bought brand new houses from builders with them
paying an "upgrade allowance" at closing
Doug_in_CT: Not this week. Mark, but I sense the weather is turning and
the market is going to be heating up. I need to get another house in the Windsor
area in the very near future.
Mike_Summey: I received my advance author copies of the Mindset book
today. You’re going to love it.
zert: Mike - what are your thoughts about older properties i.e. 60-70
yrs?
Doug_in_CT: What about you Mark? Finding any CT deals?
PaulS: Can’t wait for the book, Mike.
Rob_FL: Wow, that is great. So it sounds like you deal with pretty houses
that need minor work and get a small enough mortgage payment that you still get
cash flow…TERMS!!!
KAT: Mike I hope you save me one again this time
Kim-OH: Mike when will it hit the bookstores and why do you want us to
wait to purchase?
MarkCT: None for me. Fairfield county just doesn’t work for me and I’m
not willing to buy in Bridgeport.
Mike_Summey: zert, I don’t buy anything built before the mid 1970s. Lead
paint and asbestos concerns.
Brian-ON: I almost made a huge mistake over the weekend. Looked at a semi
with 2 basement appts that cashflowed almost $1000 month..just by chance I
called the Town Hall to inquire if there was a problem…they’re Illegal!! No
wonder the seller was trying to sell privately! Phew..close call!
Penny: by the way Ralph, great job on the birthday greeting header.
Ralph_Roberts: thanks
Al_Lee: Rob, I beleive in getting as close to a sure thing as you can. If
you can get a near certain positive cash flow, take it. When you buy a property
needing repairs, you coudl be taking a big gamble. but, if you are sure you know
the exact extent of the repairs and can get the seller to pay fo rthem, even if
you pay a higher price, you will do OK. That way the repair cost is rolled into
a 30-year fixed-rate mortgage
Doug_in_CT: My copy of the book is waiting at the chute at Amazon, Mike.
I could cancel the order and place another order on the magic day. Should I do
it?
Al_Lee: Rob I always get positive cash flow. always
Mike_Summey: Kim, it will start showing up in the bookstores by the first
of May. We want everyone to wait because Roger and I are going to do something
special for you if you order from Amazon on May 6th.
Mike_Summey: doug, that’s up to you. If you want our special treat you
have to order on May 6th.
Brian-ON: Al-Lee when you say 30 year fixed does that mean the rate is
literally fixed for 30 years? Can’
Al_Lee: Mike, can we tell them to listen to our radio interview on the
30th online?
Kim-OH: mike I read that and thanks in advance
Doug_in_CT: I’m canceling.
Al_Lee: Brian, yes, that is exactly what it means
Doug_in_CT: Is the special treat edible?
Mike_Summey: Yeah Al, that’s a good idea. Why don’t you tell them about
the show and how to listen.
Brian-ON: wow, can’t do that up here in Canada!
zert: lead paint, and the possibility of major repairs
Kim-OH: Brian, your rates aren’t fixed?
Rob_FL: Al, so you sign your name to the loan for pretty much all your
rentals and be personally liable?
Rob_FL: You or your LLC/entity, that is…..
Brian-ON: Fixed for 5 - 7 yrs max
Mike_Summey: Doug, some people will eat anything.
Al_Lee: My favorite investor loans today are 30-year fixed-rate with a
10-year interest-only period. Your cash flow is terrific and yoru long-term
gains are higher than an ordinary loan
Mike_Summey: Hi Bob
Kim-OH: Hi Bob
Doug_in_CT: Is is animal, mineral or vegitable?
Mike_Summey: Doug, quit worrying about it and be patient.
Brian-ON: It’s a pity I can’t get mortgages in the USA for my Canadian
properties!
Al_Lee: Rob, yes I do. It is the way to get the best terms. Using any
legal entity is problematic as the lenders won;t give you the same type of loans
into them
Mike_Summey: Brian, what types of financing is available to you in
Canada?
Doug_in_CT: Alright. I understand patience is a key Millionaire Mindset.
MarkCT: I looked at such a loan Al but found that with the standard
30-year fixed my payment wasn’t that different. The rates on the 30-year
interest only are much higher. Do you see a big difference?
zert: Mike - we’ll wait if you promise that the wait will be worth our
while (ha ha)
Al_Lee: Brian, you may not be able to do it in Canada, but I can show you
how to do it From Canada with properties in the US
Mike_Summey: zert, you know it will be.
Brian-ON: Typical garden variety mike but no long term mtgs
MarkCT: Have you started on the FAQ book yet Mike?
Mike_Summey: Brian, what is the longest term you can get?
Larry_W: Al, Do you get the loans in your name or llc?
Brian-ON: From what I know of Mike…7 yrs
Mike_Summey: Mark, we’re well into it. Hope to have the manuscript by the
end of May.
Brian-ON: I’d love to hear more Al-Lee
Al_Lee: Mark, I usually see a .25% differential for the interest-only
format. At that difference, the interest-only actually makes more money in the
long run, as well as in the short term. The reason is because of the time value
of money
Al_Lee: Larry, in my name
Mike_Summey: Brian, is that fully amortizing in 7 years or baloon payment
in 7 years?
Kim-OH: Al please tell us about the radio show
Al_Lee: I also have and LP and have arranged for commercial lending into
it, but you can not get 30-year fixed rate loans in commercial
Brian-ON: Amortized over 25 years but we have to refinance after 7 yrs
Mike_Summey: Brian, most of my loans here are similar. As long as you pay
timely there should be not problem extending the loans.
Larry_W: I’m refi’ing 3 houses now for 30 yr/7% in LLC
Rob_FL: Do you also put your properties into a trust or some kind of
asset protection vehicle? Having 40 properties in your name sounds risky…
Brian-ON: Boy, I’m sure going to look into that one Mike
Al_Lee: Kim, On April 30 at noon Central time, Mike will be my guest on
my radio show \. You can listen from anywhere in the world as it is also webcast.
Go to my wwebstie, http://www.myRentProperty.com or to http://www.RentHouses.org
and you can click on the link to listen live.
MarkCT: Got to go. Give my regards to Roger.
Al_Lee: Larry, what bank is loaning into an LLC that way? I want to talk
to them.
Penny: Thanks Al, I’ll be listening.
Mike_Summey: Al, I assume the 30 year fixed loans are insured marketable
loans. Isn’t there a limit on how many of those one individual can have.
Penny: Thats a Saturday, right?
Doug_in_CT: See ya Mark. Keep on looking, CT is a good place to be.
Kim-OH: Thanks AL
Mike_Summey: Goodnight Mark
Kim-OH: Night Mrak
Kim-OH: oops Mark
Larry_W: Lexington State Bank
Al_Lee: Mike, The limit is set by the banks as they are portfolio loans,
not Fannie Mae. Many bankshave limits of 10 loans, or 20 loans, ans so forth.
Some put a limit on the numbe rof loans on your financial statement, some only
care about how many are at their bank.
Larry_W: NC
Al_Lee: Larry, do they have a website? I’ll contact them
Brian-ON: You know…looking at his picture, he sure doesn’t look 65!
Al_Lee: Penny, yes the radi shwo is on Saturday.
Doug_in_CT: Maybe its an older picture.
Mike_Summey: roger Dawson
Mike_Summey: That’s his hig school picture.
Brian-ON: 
That’s funny Doug!
Doug_in_CT: Now your talkin
Penny: *bird* No, its recent picture. He really does look young for 65!
Doug_in_CT: Does he work out regularly?
Larry_W: Trying to find there card. lsb.com
Mike_Summey: Who has bought something in the last week or two?
Al_Lee: Rob, if you carry properties in your name you should have
liability insurance. If you own them in an llc, be sure you will be able to pass
the tax benefits to yourself personally or you could defeat a lot of the benefit
of real estate
Mike_Summey: Our turnout is very light tonight. I guess the ncaa
Tournament is keeping a lot of people away.
Kevin: Anyone else from New Jersey?
Doug_in_CT: I am moving into the serious hunt mode. My thermostat is set
to millions and it is still chilly in my bank account.
Larry_W: finishing 3 new houses in Winston-Salem, NC. All are rented b4
completed
Mike_Summey: Hi Kevin
Brian-ON: Mike, who is expected to win this tourny?
Kevin: Hello.
Mike_Summey: Brian there is only one team playing … North Carolina!
Brian-ON: 
Gottcha!
Larry_W: MY blood IS carolina blue
Kim-OH: :>
Al_Lee: Mike, when I go bowling sometimes the pins win
Kevin: It’s about time they wrapped up this ncaa business. It’s baseball
season!
Kim-OH: Mike I think it’s light in here tonight because everyone is out
looking for Roger
Brian-ON: It’s not Kevin when your tem is the Jays
Mike_Summey: Kim, that’s possible. Let’s give him a hard time when he
shows up.
Penny: Good one Kim
Rob_FL: Al and others, what are your primary ways of getting deals these
days?
Kim-OH: Rob I usually work on short sales
Larry_W: Kevin, my 13 yr old has been on bb field for 2 months
Mike_Summey: Rob, I still like getting out and riding around as the best
method. I’ve found 4 properties I’m going to make offers on next week doing just
that.
Doug_in_CT: Rob, I ususally work with realtors, who email me the listings
in the MLS that meet my criteria.
Mike_Summey: doug, that a great way also.
Al_Lee: Rob, I have a network that I set up to find cash-flowing
properties. I manage an investor club and I buy properties through that network,
as well as sell them there. We only deal in positive cash flows
Rob_FL: I am planning on a campaign looking for nice areas in the medium
income that need little work and then passing flyers on the doors and sides and
see how that works. Target marketing ala Dan Kennedy
Doug_in_CT: The email they send me have pictures and all the vitals.
Mike_Summey: One or two good Realtors that will truely look out for your
interest are well worth whatever they cost.
Ray: Are there really that many banks that will do the short sale to
unload a bad loan?
Brian-ON: I’ve made up about 2000 posters tied with blue ribbons that are
going to be thrown on driveways in my farm area as soon as the weather turns. It
says We Buy Houses 555-5555
Doug_in_CT: How did you get that number?
Rob_FL: I have also heard direct marketing is quite effective when done
consistently.
Kim-OH: Ray, yes if they are approached correctly and one has all the
necessary information and if it’s in the lender’s best interest not to go
through the extended FC process
Rob_FL: Brian, I’ve seen people do that and put a flyer in a ziplock bag
with a nice rock inside so it is easy to throw
Kevin: Larry, up here in New Jersey, we’ve got to wait for the snow to
melt.
Brian-ON: Very good Doug!
Rob_FL: Just don’t miss! 
Kevin: And the mud to dry.
Brian-ON: Thats also a good idea Rob!
Mike_Summey: Everyone, keep in mind that when you ride an area this week
you will see new properties for sale and ones that were for sale last week that
are sold. The market is very fluid and keeps changing. That’s why I like to get
out and ride.
Doug_in_CT: What is the next step after the ride?
Rob_FL: Mike, and you just call the fsbo sign and see if they are willing
to owner finance?
Kim-OH: Mike you are right there, properties that have languished on the
market for months are starting to move now that the weather is changing and the
school year coming to an end
Mike_Summey: Doug, after the ride, you make phone calls or visits to the
properties you found on the ride.
Brian-ON: You’re talking about the fsbo’s Mike?!
Doug_in_CT: Calling the owner directely?
mrjones30: Hello folks new member here from New York.
Brian-ON: Welcome Mrjones
Mike_Summey: Rob, I look for more than just fsbos. Any new listing for
sale is a prospective purchase. As for owner financing, I never ask for that, I
just put it in my offers to see if it will be acceptable.
mrjones30: How is everyone doing tonight?
Kim-OH: Welcome to the chat Mrjones
Mike_Summey: Hi mrjones
Doug_in_CT: Something is happening and Idon’t know what is it…..Do you
Mr. Jones…. Bob Dylan
mrjones30: Thanks
Doug_in_CT: Are you 30 something?
Rob_FL: Mike you just use the multiple offer techniques as in chapter 25?
Kim-OH: Mike I think Roger is dodging us tonight
mrjones30: I have a question, I’m relocating to Seattle how is the real
estate investor market up there?
mrjones30: Yep…afraid I am
Doug_in_CT: Hot, Hot, Hot in Seattle. It is a Microsoft thing.
Mike_Summey: Rob, I often use multiple offers. One for cash at a low
price … one at or above asking price with favorable financing.
zert: I’m taking off - gotta get some snacks before the game. Take care
everyone
mrjones30: Still? I would think it would’ve cooled down after the tech
bubble
Kim-OH: g’night zert
Mike_Summey: goodnight zert
Rob_FL: Mike, you also target properties that need little repairs? Not
ugly houses, huh….
Doug_in_CT: The tech bubble is over….and recovery is going on strong in
the Silicon Valley and Seattle.
Penny: Looks like I’m going to miss the birthday boy. Gotta run.
Brian-ON: Toronto fans bleed Blue also Mike. So we’re all for a Blue
victory!
Kim-OH: g’night Penny
Al_Lee: Bye penny
Mike_Summey: Rob, I’m not picky. I’ll buy an ugly house, but I prefer
ones that need only a little work to get them ready to rent.
Penny: Mike, plse wish Roger a big 65 for me, okay?
mrjones30: Cool!!
Mike_Summey: Roger said he will be here soon.
Doug_in_CT: *choochoo* *choochoo* *choochoo* *choochoo* *choochoo*
*choochoo*
Penny: OH
Kim-OH: Happy Birthday Roger
Ralph_Roberts: Roll the cake out!
Penny: there HE IS!
mrjones30: Hello Roger, and Happy birthday
Brian-ON: yeah baby!!!
Doug_in_CT: Happy Birthday Roger, Pass me a slice.
Penny: Happy Birthday Roger.
Al_Lee: Happy Birthday, Roger
Rob_FL: Happy Birthday Roger :p
Mike_Summey: Happy Birthday Rog
mrjones30: Butter cream icing…yummy!!!
Brian-ON: Happy Birthday Roger..from Toronto!!
Doug_in_CT: Did you have to shower after that Lexus negotiation?
Roger_Dawson: Sorry I’m late. I thought Mike would let me retire when I
turned 65 but I guess not!
Penny: My day has been lovely! Bet it is because it’s your Birthday. Go
Roger, its your Birthday!
Kim-OH: Roger did you buy a new car?
Doug_in_CT: Your checks will be arriving soon.
Mike_Summey: Roger just likes to keep us waiting so he can make a grand
entrance.
PaulS: We thought with the advanced age, you might have forgot about
tonight
Penny: I was just signing off.
Penny: have a great rest of the chat
mrjones30: lol!!!
Roger_Dawson: Don’t go Penny!
Penny: Roger,
Mike_Summey: I think he had a senior moment at the Lexus dealeership.
Penny: for you I’ll stay just a bit longer.
Penny: I thought maybe you were out clogging/!
Doug_in_CT: Did you take your daughter with you to the Lexus dealership
Roger?
Rob_FL: Did the Lexus salespeople know who they were negotiating with???
Mike_Summey: Everyone has just been waiting to wish you Happy Birthday
Roger, now they are all going to go watch the basketball game.
Brian-ON: Did you get anything special for your B day Roger?
Mike_Summey: Brian, only a hard time from me.
Penny: Did you get a great gift for your day?
Roger_Dawson: The Lexus dealer wanted $42K. I offered 30K. Thought she
was going to have a cow. Sat there stammering and stuttering. I felt like saying
"The have books on negotiating that tell you what to do next."
Brian-ON: LOL
mrjones30: I’m just starting out in the real estate investor market. I’m
in it for the long term. Are management companies expensive?
Penny: haha Roger, good one
Mike_Summey:
Roger_Dawson: You’d leave me for basketball?
Penny: did she figure out what to do next?
Doug_in_CT: You should have autographed her one…poor lady.
Brian-ON: Usually 5-12% Mrjones
Al_Lee: MR Jones. NOT having a management company is expensive!
Larry_W: Roger, is aarp providing you a chaufier
Mike_Summey: We want all the details Roger. did you drive the new Lexus
home?
Roger_Dawson: No, it’s still down there. I’ll make another offer
tomorrow.
Penny: Well Roger, I have to open a bottle of win (in celebration of your
Birthday of course) and then get ready for the game.
mrjones30: Got it!!
Penny: wine
Mike_Summey: Roger, have they made a counter offer to your $30,000?
Rob_FL: Roger, I know of some good books on negotiating that you can
refer to until tomorrow
Brian-ON: The management companies offer servises al a cart. What are the
must haves with them?
mrjones30: What kind of Lexus?
Penny: Mike, I bet the lady is still sitting there trying to figure out
what to say next.
Al_Lee: Brian, You shoudl let the management company do everything. You
shoudl never meet a tenant and they shoudl not know who you are.
Rob_FL: Yea, the lady will go to the bookstore and then freak out once
she sees who the author is!
mrjones30: Have you considered going to the government/tax auctions?
Roger_Dawson: They came down to $37K. I told them "I.m the last nice
guy you’re going to talk to. I’m going to sic Mike Summey on you"
Mike_Summey: roger, our chat tonight has been a bit disjointed. Everyone
has been holding their breath waiting on you to arrive.
Roger_Dawson: It’s a bug SUV LX 470
Doug_in_CT: Now that should have scared them.
mrjones30: awesome!!! those are nice
Mike_Summey: Roger doesn’t like my negotiating methods.
Roger_Dawson: Mike, did you tell them about our new baby?
Penny: :/ something tells me Roger will drive away with that Lexus
tomorrow.
Doug_in_CT: Roger Dawson, Mike says that this is your High School
Yearbook Picture.
Doug_in_CT: Up at the top of the Page.
mrjones30: You are lucky, I have a wheelbarrow I get to work in sometimes
the tire comes off of it too.
Penny: funny mrjones
Larry_W: Roger, now my realtor wife wants to trade her rx330
Mike_Summey: This is roger’s dawson high school picture.
Roger_Dawson: Ralph, thanks for the birthday greeting at the top. It
looks great!
Larry_W: can you get a 2 for 1
Ralph_Roberts: you’re welcome
Penny: Larry, and RX330 is great! I’d love to have one of those.
mrjones30: lol!!!
Brian-ON: Just finish high school roger? Have a bit of trouble?
Mike_Summey: Hi danno
Ralph_Roberts: book ‘em Danno!
Ralph_Roberts: (always wanted to say that)
mrjones30: Hey I wanted to say that lol!!
Ralph_Roberts: hi Michele!
Mike_Summey: Hi Michele
Brian-ON: 5 minutes Mike…..
Rob_FL: Have a great birthday Roger! Gotta go. Take care.
danno: Hi yuh Mike!!
Penny: :> Your new baby is adorable Roger!
Roger_Dawson: You have it already Penny?
Penny: Even more beautiful than the first!
Mike_Summey: If you haven’t figured it out yet, you can click the button
to the left of the ? and then drag the chat windo to fit the full screen.
mrjones30: Does anybody have property in Vancouver?
Roger_Dawson: I hope that it will go out into the world and make us
proud!
mrjones30: How are the laws different in Canada?
Penny: You can see the new cover at the right Roger.
Michele: Sorry I am late, I missed the big announcement, what was it?
Brian-ON: Where do I start Mrjones
Penny: It will. This might even grow up to be President!
Doug_in_CT: I think Harv Ecker has property in Vancouver.
Penny: It is awsome
Roger_Dawson: Financing is different in Canada. You get a five year loan
and then have to renew it every five years.
Penny: Great job to you both!
mrjones30: Will the apr change with the new loan?
Roger_Dawson: The Canadian dollar has improved in value. A year ago it
cost you 70cents, now it’s 90 cents. So it’s not a bargain to buy up there any
more.
Penny: Well goodnight Mike, Roger came in just in time so I was able to
deliver my Birthday greetings. Thanks anyway.
Penny: *bird* Goodnight Birthday Boy!
Mike_Summey: Michele no big announcements tonight other than we are going
to have a senior bank official with us next week to answer financing questions.
He will shoot straight with everyone evenif you don’t like what he says.
mrjones30: Is it because our dollar has fell instead?
Roger_Dawson: Mrjones, yes, you have to reup at the current rate. Scary
for us, but they’re used to it.
Roger_Dawson: Good night Penny
Penny: Goodnight everyone! Go Heels!
Mike_Summey: Goodnight Penny … GO heels!
Kim-OH: Bye Penny
Michele: Very cool, that is great news!
Penny: Oh my God, there we go.
Penny: !
Penny: again!
Penny: night all!
mrjones30: That’s awesome!!!!
Mike_Summey: Guess everyone can tell what’s on our mind.
Brian-ON: Roger, a very very Happy Birthday to you sir. Enjoy the
evening!! Mike, I;ll keep my fingers crossed brother!! Good Night all!!
*slap*
Roger_Dawson: I’ve got to get ready for my birthday dinner party. Hope
your team wins!
mrjones30: Good night Penny, (Honestly I’m glad College Basketball is
over) (Sowwwwwry)
Kim-OH: Goodnight all and again Happy Birthday Roger. Everyone have a
great week
Mike_Summey: I’ve used financing that had to be renewed every 5-7 years
for 30 years. Never had any problems with it.
Kevin: Gotta run. Happy Birthday, Roger. All the best.
mrjones30: You too, take care
PaulS: Gotta go… good night everyone.
Doug_in_CT: Good Night Roger, thanks for stopping in to your surprise
party here int he Chat room. Have a wonderful diner party *whip*
Mike_Summey: I’m outta here too. The game is coming on. See everyone next
week. I’ll get out an email about our guest the middle of the week.
mrjones30: Mike does the apr change?
Larry_W: Mike, 1982 I was on franklin st for carolina win. You gonna join
me after the game for an all night celebration on franklin tonight?
Doug_in_CT: See Ya Mike. Good Luck to your Heels too.
Mike_Summey: Larry, I was in New Orleans … both times.
Larry_W: good night- gooooooooo heeeeeeeeeels
Mike_Summey: Mr Jones, yes, the rate would change, but no problem.
Mike_Summey: Goodnight all.
mrjones30: Good night Mike, take care
Mike_Summey: Until next week … GO HEEEEELS!!!!!!!!!!!!!
mrjones30: And thanks
Ralph_Roberts: well, time to go post the chat.
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