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

[wizworld]

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.

Nah I feel you, back then I think some condos only required 10%, or he could have just gotten a HELOC for the other 10% and avoided PMI, which is what I did. I just figured he should have been able to drop 20%, but then again he may have bought the house in the 1st half of 2005 before he was getting that "Whistle Song" show money.

 

[Run Up]

Feel like Juelz Santana furniture hanging out on the front lawn

 

[wizworld]

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

lol word. I would never waste my time doing anything that my significant other is hands down better at, unless it's unskilled labor. That's part of the reason why she's there.

 

[Unknown Poster]

If you see it said he stopped paying November of 2013. He's a smart man, wise men know why, fools will read this and think he is "broke".

This post needs less daps.

 

[Unknown Poster]

lmfao at the writer of that article sliding in her own personal theory about Juelz financial history and wealth. shyt reads like a fanfic

Girl who wrote that article is a Juelz santana groupie. Been chasing/stalking tha boy for decades

I will say she got better looking as the pics progressed.

 

[Frida Giezman]

lol word. I would never waste my time doing anything that my significant other is hands down better at, unless it's unskilled labor. That's part of the reason why she's there.

nikka that was simple math lol

 

[Frida Giezman]

A few reasons.

1.Anyone with half a brain can leverage 600k to make a higher percentage than what it costs you to finance the property.

2. Mortgage interest is tax deductible

3. Liquidity is key. You supposed to keep your cash

It's not wise to spend most of what you have to buy one piece of real estate

I gotta step my financial literacy up

 

[Atsym Sknyfs]

I'll tell anybody .. having you own business isn't how it sounds that's why its not for everybody... Some people needs to be workers .. we cant all be bosses...

The hours alone will burn you out... Yes m as your own boss you get you freedom because its on your time.. but your time is a lot.
My engineering side hustle burns me out to the point I wanted to quit a few years ago.... and the money aint close to my regular 9-5.. and I gotta pay taxes on my cash income from business..

And depending on your business the hardest part isn't the hours youre working .. its trynna get enough customers to pay for your services so you can relax..

 

[beenz]

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

I'd rather invest that money in various securities. that way you can get a return on your investment (hopefully if you diversify) without having to worry about the risk of running a business.

 

[mson]

I'd rather invest that money in various securities. that way you can get a return on your investment (hopefully if you diversify) without having to worry about the risk of running a business.

What type of securities?

 

[beenz]

What type of securities?

I don't claim to be knowledgeable on investing, but most of the investing I currently have my personal money in is mutual funds.

 

[blizzard man]

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.

tell your boy to boss up and get himself a culver's or papa johns or something, no body wants any got damn Subway in 2016 breh

 

[mson]

I don't claim to be knowledgeable on investing, but most of the investing I currently have my personal money in is mutual funds.

Me too. How's that working out for you?

 

[BaRRyG]

Only on the coli is forclosure looked at as a positive thing.

Yrs ago on here, i even heard a nikka say it's a bad idea to have a mortgage paid off

"I ain't no con I'm just waiting for some shyt like 'Nam to pop off in my country"

 

[beenz]

Me too. How's that working out for you?

pretty good. The last investment he told me to get in got me up 10% since october, which is great. I got burned on stocks years ago on my own, but my pops has been working with me lately cuz he's a financial planner and accountant by trade. I'm really good at saving and budgeting, but stupid when it comes to which investments to put my money in.