dlatin

I’m jealous, I was just looking back at pics from our sailing trip around St. John this past summer. I was really looking forward to sailing both US and British waters but COVID kept us in the US. STJ is my favorite island so spending 10 nights just off those beaches was pretty awesome. I enjoyed sailing the mono we rented when we did the BVIs (46’ Jeanneau). It was so easy to sail. I found the cat harder, largely due to the setup and lack of clutches. It was crazy comfortable though. My goal is to retire onto a boat in the Caribbean in a few years and my wife wants it to be a cat. I wish I could get more sailing time. I am lucky enough to live on a lake so I get lots of powerboat time.

14 pound prime brisket and 9 pound bone in pork shoulder. Brisket was amazing…

I’m in Finance and think I can do it myself. At the same time, with all that I have going on, having a professional handle it may be worth it come tax time.

Great thread, I think I’ll use this to continue the discussion vs starting a new one. If you’ve been following my PSWPJFUD thread I bought a property a few doors down. It needs a ton of work first then we plan to rent it. Probably long term, there are a couple VRBOs next door. VRBO feels like more work. Based on this thread, an LLC isn’t necessarily. I should work with an agent to find tenants. Do I need to get help with tax prep or is it relatively straight forward?

Does anyone have experience with goosehead insurance? I was curious about how they are as carriers.

Closed on this transaction today, I learned a ton in the process. I was able to track down the holder of the lien and negotiate a settlement.

Woot! Tapa’s back

I stand corrected - they do own the property where they are living. I found it on CAD.

I don’t know whether they are renting or own. I find it hard to believe they would have the money to own another property. At the end of the day, they would probably be fine paying the debtor to be done with it and collect what’s left at closing. If there was a way to to reduce how much is collected on this long outstanding debt, that would be great but perhaps figuring out how to get the title company the payoff schedule would work too. Maybe I should be working on that angle, tracking down the payoff document.

Thanks Jerry, I can see the property has a homestead exemption filed with the appraisal district. Sounds like we can hire an attorney to file a homestead lien release affidavit since liens can’t be assigned to homesteads?

Thanks HH, would you normally help facilitate the release by tracking it down in a case like this? I think the sellers got in contact with a lawyer to look into the lien but then they never heard back from the lawyer and they can’t seem to get in contact with him. So I think we are at a point there is a judgement filed with the county on the property dated back to 2007. Looks like there is another filing on the judgement that is dated 2014. I’m not sure if the sellers have any any information about who now owns the debt. I don’t want to reach out to this group out of Austin (F BBB rating) and pay off the lien unless it is attached to the homestead because it may not be necessary. I think the $7500 debt would now be about $22k with interest. It would seem like the title company would be able determine if the lien is attached to the homestead. Perhaps I should change title companies? I’m paying cash. There are 2 years of delinquent taxes too, and water meter was removed for non-payment.

Thanks, I was hoping the title company could lend more assistance but it doesn’t appear they do that, at least not this one…perhaps someone will be able to offer some direction. The property needs a ton of work and I’d like to work on it while I’m off work over the holidays.

Actually, we’ve been neighbors for 17 years and they abandoned this house 2 years ago and are living in a nearby town. I’ve offered to buy the house and help clear the lien and pay back taxes so they can have access to capital tied up in the property…as well as fix up a property that has a ton of potential.

I have a contract to buy a property that is known to have a judgement filed with the county for an unpaid debt related to a truck purchase . The title company sent over a copy of the judgement dating back to 2007. The title company asked me to ask the seller’s lawyer if the judgement is attached to the homestead. If not, a letter from the lawyer will work, if yes, they’ll need the payoff statement. The seller is an older Hispanic couple that doesn’t speak English well so I’ve been working with their young daughter (maybe 20 years old) through the process. I was told the lawyer they have been working with has not been much help and this has been going on for a while. My understanding is this debt has been sold to a collector, the company listed on the judgement is Collins Asset Group out of Austin. I’m hoping to get this closed quickly so I can work on the property over the holidays. Best case scenario I think is this judgement is NOT attached to the homestead and we can close on the property without settling this judgement. If it is attached, I assume I could maybe reach out to the collector? As I mentioned, the judgement was filed 14 years ago. Does anyone have any experience with something like this? I was hoping the title company would track this down but it looks like more legwork needs to be done on our part.

Nice tailgate! Shit game.

I hope to make it! Thanks!

Season is coming to a close and I haven’t been out much since football season started but had to get on the water for a few last night. I had hoped to jump in the boat with my neighbors but since they didn’t go out I put her in to take a spin by myself and catch sunset.

Nice! Hope to swing by Sent from my iPad using Tapatalk

It’s saying I don’t have enough permission as of today I think

I definitely learned some lessons on this trip. Before we left the marina I talked to the whole crew about a man overboard situation and I was pretty proud how the 8 of us on the boat jumped into action and worked as a team to get my son on the boat, get the dinghy and a ball picked up. I had not planned to leave the ball in the dark in that situation until my son was out to sea not visible.

We stayed on the beach late and dinghyed in at near dark. I drive the dinghy and my buddy normally secures it to the cleat. Later on I am at the back of the boat and realize the dinghy is gone. I yell the dinghy is gone, he comes back and is saying we need to go find that dinghy. We look and we can just make it out in the distance floating off. There isn't much wind so we both dive in to swim to it. It is pitch black behind us and we can just barely make out the grey dinghy pretty far off. I quickly recognize this is a bad idea and turn to swim back to the boat and there's a slight current making it difficult to swim to the boat so i yell to throw us noodles. We get back to the boat and i go to the front to assess our mooring ball and decide I'm not comfortable leaving our ball at night, I'm not sure if we'll be able to find it again at dark. While I'm assessing this my son who is 16, and a lifeguard, dives in after the dinghy, I yell NO! I know he will not be able to get it and he'll not be able to safely swim back. We now can't see my son, I know he will soon be tiring and I know I have to go get him. I run down to turn on the navigation lights and search light, start the engines then run up to take a mental note where the ball is relative to boats next to me and lights on land. We release the lines and we search for him by the sound of his voice and some small flashlights. We retrieve him and we then go grab the dinghy. I now head to hopefully find the ball in darkness. My buddy is pointing me off to the right but I know exactly where I'm headed and with my group with flashlights up front I pull right up to the ball and we tie off. Son back in the boat, dinghy retrieved, back safe on the ball. I had to make quick decisive moves, directing my crew, while keeping calm. Once back on boat I sat on the back and broke down. I relived that scenario over in my head many times since then. Still makes me a bit emotional thinking about it. Day 9, 2 crazy situations, one in the morning, one at night. Every other day was all good. I checked the lines every time after that. I always double checked the lines for our mooring before, but I made sure that dinghy line was good thereafter. Before we went to bed each night we put the dinghy on the transom and lift out of the water, but we normally left it off because we liked to watch the tarpon come swim our boat attracted to the underwater lighting.

That’s awesome. It definitely takes a certain type to live on a boat, even vacation on one. We are pretty laid back low maintenance so it limits who we would consider spending time with in such little space. We thought this family was probably one of the rare few. It ended up being about as good as it could be expected, rolling with your own tribe on the boat is greatness however. I actually enjoyed it because I’m a doer and this was their first time in St John so I had a group I you could share it with while my wife was content just chilling on the boat uninterrupted. My kids loved both sailing trips, this is probably my favorite picture from our trip to the BVIs in 2017 (moored at Cooper Island). They were 10 and 12.

I’ll also say I felt a bit of pressure being responsible for 9 (2 families). I didn’t sleep as well on this trip as I was always listening, feeling, getting up to check on things. We also had a pretty dicey situation on Day 9 that made me really need to step up and take charge with decisive quick decisions as we got caught in a pretty big storm as we were sailing down wind with a lot of sail out. The winch set up was challenging and they were lacking clutches I thought was needed to perform tasks efficiently. Then at the end of that same day we had another crazy situation I had to handle that was for me just as scary if not more. I learned a lot about my abilities and was proud of how i captained the boat.

This is our 2nd bareboat charter. I would do sailboat every trip if I could but it can be a bit pricey. We eventually plan to live on a boat. This trip taught me I need a lot more practice on a Catamaran. Not sure if it was the boat or what but I thought it was challenging. When we chartered the Mono in ‘17 I essentially handled that with no issues the whole 10 day trip. We sailed the entire time absent 1 day we had to motor due to no wind. The water maker we had on this boat was a game-changer. It will be hard to charter a boat without ones. I think most boats out of STT have them, not so much out of the BVIs.

The running beef I have on our lake that started a few years ago with all the newbies coming here is the peeps that decide the best place to float and swim is right in the middle of the lake by the damn. We are on a small lake so this puts them right in the middle of all the traffic, toobs, surfers, etc. Not just off the edges or back behind areas coves buoyed off for boating. If you look around, you would notice where all the other boats that are just floating/swimming are parked. It pretty obvious. I had this one guy literally swimming across busiest part of the lake. I barely caught his small head popping above water and it freaked me out how easy it would be to run him over, again, this is a small lake. I stopped to tell him what he is doing is extremely dangerous. He just waved me off. We didn’t see him a bit later and I was convinced he had indeed been run over and I was sick to my stomach. We did end up seeing him. That was crazy.