Juelz Santana Forcloses NJ house, Owes Bank $700,000

[the cac mamba]

That is such a cliche answer. What makes you think starting a business is guaranteed cash flow. Look at TO.

if i ever came upon a lump half a million, im buying a franchise immediately

 

[CashmereThoughts]

im not talking about a regular guy....we talking bout ni99as who was getting TONS of cash.

Gotti aint leasing shyt....u gotta be smart with your cash

but ur right the average guy aint dropping half down. But if you can, why not secure ur future

even with "tons of cash" your cash can do more for you if its being worked properly and not tied up in RE. i wrote mortgages for 7 years at USAA Federal Savings Bank. even the guys with 2M in the money market account are buying Real estate 90 percent Loan to Value.

this aint my opinion, this is anyone savy on how to manage wealth. the best thing to do these days is put down 20 percent to avoid PMI and thats it

 

[beenz]

That is such a cliche answer. What makes you think starting a business is guaranteed cash flow. Look at TO.

most businesses fail. too much risk for my taste. especially if you're putting up your own capital and working 70 hour weeks making barely what you made at a job working 40 hours with no responsibilities.

 

[beenz]

if i ever came upon a lump half a million, im buying a franchise immediately

I wouldn't. my boy has the capital to get a franchise, but when he started researching it, it's too risky. for instance, he was talking about getting a subway, but he found out that after u put up the 6 figures to get one, most owners end up working 80 hours a week to keep labor cost down, and are pulling down an average of like 85K a year.

well that's a good salary, but NOT when you're working 80 hour weeks its not. and how are you benefiting? you just get to run around saying that you're your own boss.

 

[the cac mamba]

I wouldn't. my boy has the capital to get a franchise, but when he started researching it, it's too risky. for instance, he was talking about getting a subway, but he found out that after u put up the 6 figures to get one, most owners end up working 80 hours a week to keep labor cost down, and are pulling down an average of like 85K a year.

well that's a good salary, but NOT when you're working 80 hour weeks its not. and how are you benefiting? you just get to run around saying that you're your own boss.

that sounds awful

my friend works with this dude, i guess he had a chance to buy a wendys a while ago and now hes all cuz he woulda been caking

i guess there diff ways to do it

 

[King Poetic]

I wouldn't. my boy has the capital to get a franchise, but when he started researching it, it's too risky. for instance, he was talking about getting a subway, but he found out that after u put up the 6 figures to get one, most owners end up working 80 hours a week to keep labor cost down, and are pulling down an average of like 85K a year.

well that's a good salary, but NOT when you're working 80 hour weeks its not. and how are you benefiting? you just get to run around saying that you're your own boss.

Exactly... there's a subway by me where this Indian woman I know owns.... she working 7 days a week long hours with a few employees and u can tell she's close to being burned out....

Too many people see 1 or 2 others doing it and be like I can do it... not even knowing the other person pockets was probably deeper at the time of those purchases

 

[kingstl]

even with "tons of cash" your cash can do more for you if its being worked properly and not tied up in RE. i wrote mortgages for 7 years at USAA Federal Savings Bank. even the guys with 2M in the money market account are buying Real estate 90 percent Loan to Value.

this aint my opinion, this is anyone savy on how to manage wealth. the best thing to do these days is put down 20 percent to avoid PMI and thats it

whats PMI?

 

[AB Ziggy]

I used to live just a couple blocks from his old studio before it got raided

 

[Standing on business]

whats PMI?

Private mortgage insurance

 

[Ronnie Lott]

Why juelz up here trying to prove to instagram and Twitter he's not broke, by showing his cars and homes...

Perfect example of a person who care about what others think...

If u know the truth u don't have to prove anything....

But you know how "fans" think tho

 

[wizworld]

even with "tons of cash" your cash can do more for you if its being worked properly and not tied up in RE. i wrote mortgages for 7 years at USAA Federal Savings Bank. even the guys with 2M in the money market account are buying Real estate 90 percent Loan to Value.

this aint my opinion, this is anyone savy on how to manage wealth. the best thing to do these days is put down 20 percent to avoid PMI and thats it

But Juelz didn't even do that though. He put down 10%. And maybe I'm just ignorant about Juelz business savvy, but it's never seemed like he had in all together in that area.

 

[Frida Giezman]

O, my wife did the calculations.

He only put 10 percent down. Broke fakkit.

I'm mad your wife had to do the calculations for you lol

 

[Mowgli]

I'm mad your wife had to do the calculations for you lol

She's the mathematician I'm the linguist and muscle.

 

[CashmereThoughts]

But Juelz didn't even do that though. He put down 10%. And maybe I'm just ignorant about Juelz business savvy, but it's never seemed like he had in all together in that area.

thats why i said "these days" meaning 2016 when ever he copped there were ways around PMI with out putting 20 percent down. that was before the mortgage collapse.

hes probobly not savvy, but that dont mean he didnt have someone advising him that was.

 

[SouljaVoy]

He gonna have to do love & hiphop just to pay bills