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Home Investors/Rental Interest GITT

I am looking at scaling my rental home business. I am wanting to add some more rental homes to my portfolio, but I am stuck with the ever big question of how to do it. I have recently come across first position HELOC's that offer a simple interest loan at better rates of 7-8% and then you use the HELOC as your bank account and put all income back into the HELOC to save massive money on interest. I have quite a bit of equity in my own house and don't currently have a mortgage. I know about DSCR loans as well. Some of the HELOC calculators are showing 5-7 years to pay off a 360k loan but obviously you could snowball the loan and buy more houses once the credit limit comes down.

Would you look at a first position HELOC, DSCR, or look at a hybrid situation where you use the HELOC to finance the down payments on many houses and still get DSCR loans on each house? I was just curious what other Red Raiders have done and if there are any Red Raider bankers that can issue first position HELOC's?
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Couple Positive Things

I had a great conversation with a players parents last night and they mentioned a couple things that I’ll share. They said that “multiple schools” have made a run at DeRuyter but he had no interest because he loves Joey, and likes it here a lot. They’ve also gotten close with the Hudson’s, and said Micah bleeds red and black, and loves it here. His parents are happy and content as well.

Nothing earth shattering but those couple things gave me warm fuzzies to hear. I know the defense has not started off the season like we’d hoped, but I’m a big TD fan and I’m glad he’s here. I think we’ll see continued improvements the rest of the season.

Two Docs Raiderland Red - Official Craft Beer of Texas Tech

Guys wanted to share with ya'll the big announcement. We are honored and so excited to be the official craft beer for Tech NIL after agreeing to a sponsorship with Texas Tech. The press release just came out so hopefully you'll be hearing all about it.

This is a dream come true for us and I can't wait to see everyone drinking an awesome, locally made beer in a sweet can, AND knowing that every single beer also gives back a significant amount towards funding our NIL goals.

As always, thank you all for your support. This RRS community is a big part of our success and hope you guys will continue to spread the word.

Thanks!

Two Docs Brewing - Raiderland Red

UPDATE: Arizona State Lubbock Meetup pres. by Open Door Financial Advisors

Gentlemen -

It's time for the airing of grievances! Come hear from the mouse, the myth, the legend @J. Apodaca about what ails Tech football and how they can get things turned around. Also, we'll have a GIVEAWAY for those that like free stuff.

Where: Rudy's at Slide & The Loop
Guest Speakers: @J. Apodaca
Date: Friday, September 20th
Time: 11:30am

So that we can have a rough headcount, comment below if you plan to attend.

If you want to be added to the Lubbock Meetup List, send me a PM (@finsraider07 ). I will email a reminder and a calendar invite for the event. GUESTS ARE WELCOME!

As always, please keep anything said by a guest speaker off the boards.

Open Door Financial Advisors is a fee-only financial planning and investment management firm located in Lubbock, TX, serving families across the US. Our ultimate goal is to align your money with your values so that you can grow and strengthen your family, church and community.

Derek Finley, CFP®
Owner & Financial Advisor
(806) 318-8215
derek@opendoorfa.com
www.opendoorfa.com

OT I had to restrain a man on my plane back to the US on Saturday morning.

I typically take at least one mission trip a year and have been since 2007. World mission trips have included Honduras, Jamaica, Romania, and Zambia. The first two weeks of this month I was part of a teaching team that conducted a leadership summit in Lusaka, Zambia for nine African nations. 400 leaders came from those nine nations. My Tedtalks were on Servant Leadership: The Jesus Model and The Role of Confession and Accountability in Leadership. I led a small group for the delegation from Malawi. I also filled the pulpit in a church in Chainda. We delivered two water purification systems from the US. It was a great team and maybe my favorite trip to date.

Everything went smoothly up and until about eleven hours into the sixteen hour flight from Dubai, UAE to DFW airport.

I was sitting in Economy in an aisle seat near the largest galley, an emergency exit and bathroom. On long flights I buy that seat so that I can get up and stretch every two hours.

On this flight Economy was mostly made up of people from India. I was possibly the only American and was wearing comfortable clothes for the long flight including a Red, White and Blue baseball cap that says Texas Church of God on it.

With about five hours to go and now somewhere over Canada a Muslim man from first class began walking the aisles of the airplane. He was wearing the traditional long outfit and head covering of someone from the middle east. He started harassing the female flight attendants by telling them that they weren't doing their jobs. He started serving passengers water and removing trash and trays before passengers were truly finished all while telling the flight attendants that they weren't serving him and others right.

The flight attendants were annoyed but the ladies tried to ignore his insults and even just left him alone when he refused to return to his seat. This gradually got worse for two to three hours. The captain of the plane spoke over the intercom system to explain what was happening and to tell the man to return to his seat. On the captain's second attempt he told the man, "We are over US airspace and you are violating several US laws."

The man didn't care and the behavior only grew worse.

He began harassing and menacing the mostly female crew with his cellphone and his language became increasingly threatening and offensive.

With about two hours to go the man slapped the com phone out of one of the flight attendants hands and reached for the door, saying, "I will kill myself and all of you with me." He punched a pregnant flight attendant in the stomach and began fighting with and attacking the crew.

I had prayed for over two hours that he would stop but when he got physical I felt that if I didn't do something that I might not make it home.

I got out of my seat and wrestled him to the ground in the back galley. He was very strong and I had to really fight to subdue him. The ladies jumped all over him once he was down and a Jewish man who mostly only spoke Hebrew came to my aid. We had to fight him a total of four times in that hour and a half to keep him subdued. It is the scariest thing that I have encountered in 48 years of life. He threatened me and us repeatedly and told me that he would kill me and my family. He told me that he was very important and that he would kill me. He yelled things in Arabic and English. The only Arabic I understood was Allah. I asked my God to help me. He called for other Muslims to come to his aid and thankfully none did.

When we landed at DFW the captain told us to remain seated while the police boarded the plane. Two of the biggest, baddest and to me, most beautiful police officers I have ever seen came aboard and carried him away. I've never been more thankful for police.

I called my wife to let her know what had happened and that I had to go with the FBI and police for interviews and witness statements.

Since 9/11 all of those years ago I have wondered what I would do in an airplane situation. Now I know and I hope that I never have to again. I was told that the FBI, police and airline will be in touch. I haven’t heard a thing yet. I hope that they don't let him off and bury it. He needs help and 300 people were at risk.

I just needed the mental therapy of telling this story somewhere. Thank you if you took the time to read it.

Big XII Announces "Big 12 Studios"....

So.. a network, sorta? Sounds like it won't be on platforms like YTTV?

I posted something about colleges yesterday.

Someone asked what I thought. First I live 4 miles from TCU. The news paper and city supports TCU well and if Sonny stays and does well they will survive. Lots of good players within 70 miles of Ft Worth. TCU is most Expensive in USA.

In the energy business in Houston I never met a TCU grad. I did work with lawyers and engineers from SMU and Baylor but only a few of them. Houston is a AM town and UT. Some Tech. UH is a non factor.

SMU is very expensive and most ball players are from average homes so they may not feel comfortable in that enviroment. I dont see them doing much now that folks can pay players.

When I gave some lectures on TCU I did see a lot of different folks, I think much different than SMU.

SMU has a very small stadium, TCU much better. So I don't really know, just pointing it out.

I saw someone is staring a bus ride starting. I had that idea 15 years ago. It was so cheap and great , I hope it goes.

This bus deal would be great for the families of our players. Could start in Dallas, Stop in Ft Worth and Abilene.

Lubbock distance from major recruiting center is a hard one. The bus for players family is a great idea. I would donate to that.
At TCU they bring the family over and say, here is the family seats and you get special parking. Tech offers drive 300 miles and pay high motels and no parking. It is the family folks need to focus on. my cents. hubcity

Housing Market could be turning fast

New home sales down 8% in June which follows a 17% decrease in the month prior. Inventories also up to a 9+ month supply

Pulte says 2Q new home orders down 23% and cancellations have doubled versus this time last year.

Many think the Texas market - DFW specifically - will be insulated but I’m not so sure we can match up mortgage payments with pricing after 200 basis point increase in lending rates. Something has to give.
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