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VMFA187

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Posts posted by VMFA187

  1. “In the Marine Corps, you’re actually dumb first, then a pilot fifth because we teach and train to the lowest common denominator.”

    2) Skeds O / Maintenance O / Adjutant etc...

    3) Therapist / Financial Advisor / etc... for those E-3 and 4s who get married to a stripper in Guam on deployment two months ago, who doesn't speak English, and then you find out that her whole family (8) moved to America and is living in a 2 bedroom apartment with said E-3. Or the E-4 who bought a brand new Ford Raptor because "Sir, they allow 10 year car loans now with no money down at only an 8% interest rate."

    4) Paperwork bitch because of all those random Commanding General Inspections - "Wait, you didn't know that you were the voting officer and the hazardous duty officer? You didn't perform quarterly vehicle inspections on all the enlisted Marines to ensure they could evacuate if required AND you didn't publish quarterly voting advertisements for the Marines who are all residents from varied states, counties, and cities? You're off the flight schedule until this is remedied. We can't get a deficiency in these areas... Yes, I am aware we reported 7 up jets this morning and just went down to a single."

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  2. Echo all of the above. 

    As a 2ndLt - 1stLt, the list of vehicles I had owned

    - 1999 Corvette

    - 2006 Kawasaki ZX-6R

    - 1981 Suzuki S-60

    - 2001 Jeep Cherokee

    - 2011 Ducati 1098

    - 2003 Dodge Viper

    Save your money, buy something used, keep it for a long while. Buy a house, then later you can splurge. An FD RX-7 is going to require at least $30k and a lot of maintenance to keep it running. Definitely better options. 

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  3. I've never been more impressed than rolling up to take our PFT and seeing a few young Marines in the squadron smoking a heater after the pullups and situps, prior to the run, then knocking out a sub 18:00 three mile, following it up with another heater and a Monster. 

    Where do we find such men?

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  4. 2 hours ago, Lord Ratner said:

    Conservatives have to talk to liberals. That's the solution.

    Hahaha. That's funny. I've attempted legitimate conversations to discuss issues but end up getting yelled at, by friends even, because many of those on the left are driven by their emotions and feelings on issues, not actual facts. 

    Look at any attempt for a conservative spokesperson to speak at a college campus - Liberals/leftists start yelling, screaming, and completely shut down any ability to have a discussion. 

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  5. 3 hours ago, Biff_T said:

    Yeah.  There's a real problem with that here.   It doesn't even look like the US in parts of SoCal.   Entire city blocks of LA have been taken over by the homeless.   It's been this way for years.   Los Angeles is a shit hole.  I love Southern CA but when it comes to the homeless, the governments (local and state) have done nothing to keep this place lovable.   OC is not as bad but it's getting worse here as well.  

    There are entire shanty towns set up.  It looks like something from the great depression.  

    At least in downtown San Diego the cops have been forcing the homeless / addicts to take their tents down during the day...

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  6. 6 minutes ago, pawnman said:

    While I applaud your efforts to be debt-free and/or buy additional property...have you considered refinancing the SC place to turn the equity into cash? The rates aren't as good as they were, but the flipside is that a new home loan, paid by your renters, isn't taxable income. Rental income is.

    I have considered that, but in the past shied away because I like the security of knowing I "soon" will have one home paid off should anything devastating happen. That's probably not the savvy financial answer I should have provided but it has been my reasoning. 

    Perhaps continue to pay down the home until it's nearly zero, then cash-out refinance to purchase a new property?

  7. 26 minutes ago, FourFans130 said:

    It sounds like you are well and wisely invested in real estate.  Personally, I'd dig in hard to re-invest in and consolidate what you've got instead of pursuing new properties...but I'm no expert, and it sounds like you are.

    Thank you - But let us not forget I did ask a bunch of military pilots for financial advice! 🍻

    Unless you were being sarcastic... Hard to tell on here. 

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  8. 20 minutes ago, FourFans130 said:

    Questions to form your background on the real estate side:

    What percent are you leveraged?
    Do you completely own the house you live in?
    If your properties go to 50% occupancy, can you still cover all operating costs without losing money?
    Are you comfortable when our current housing market crashes and you lose 25-40% the value of your properties?
    Can you survive if your bank notes are called tomorrow?

    Those are the questions people were not answering well prior to the 2008 collapse, which led to people walking away from debts and hosing the entire market.  Granted, the laws have changed, but if we saw disaster coming, it wouldn't be a surprise...and it's always a surprise.

    My current DTI is 22%. Real estate is our only debt. We pay everything else with AMEX and pay it off every month. 

    I don't. It's financed.

    I could pay the notes on both my SC and CA homes if the AirBnB and both tenants at Beaufort went to 0% occupancy. 

    Yes. If that would allow me to purchase an additional property or two. 

    No. I owe $120k on SC and $1.2m on CA. Only have roughly SC available immediately. 

    Valid concerns but I also don't want to ignore the fact that rents seem to be consistently rising and 1/4 to 1/3 of single family homes are now being purchased by large investment companies. 

  9. Well the past 48 hours ruined my near future plans.

    I was late to the game in investing - Didn't really start until I left active duty in 2018 (spent all my money on cars and motorcycles up until then) and after simply contributed to get the max match from Boeing and now LM. Fortunately I (by pure luck) timed the market well with real-estate and bought a commercial/residential unit in SC in 2012 when I got to my first gun squadron that has increased in value 2.5x in 10 years and has a tenant upstairs and downstairs that both combined end up paying over double my mortgage.  In 2020 I then moved to CA and and bought a home at 1.75% (after a refi) which has increased by $800k in two years, that has a pool house which we AirBnB that each month pays the entire mortgage. 

    Now a couple questions for those in the room:

    1) I had been paying and extra $2,000/mo towards the principal on my SC property which would have it paid off in five years, 15 years after purchase. I recently stopped that because we had been planning to buy another investment property (STR) in the Julian area of CA. I made a competitive offer - Full ask with no seller assistance and got beat by three cash offers all over asking (this was two weeks ago.) Should I start throwing that $2,000/mo back towards paying off my SC home so that I can turn that into pure income once it's paid off or put that money elsewhere? I don't think I can make competitive offers against cash now that mortgage rates are 6.5%.

    2) I've been doing 8% to get my 4% match, tomorrow I'm over the $147,000 social security contribution limit - Do I put the excess $260/wk back into my 401k? Or is there somewhere better? 

    3) Any idea of up and coming housing markets? All the research I'm seeing state that the best time to get into another real estate investment probably won't be until Spring/Summer 2023 when sellers finally capitulate to the market and not what their neighbors got six months ago. I'd prefer to invest in something nearby, but it seems SoCal is impossible for anyone with not big backers at this point...

  10. All,

    I came across a really great property yesterday in an area that we have quietly been eyeing for some time. I didn't anticipate it garnering so much attention and was caught off guard when the sellers agent stated that they would be accepting offers through Monday. After talking with the wife I knew we wanted to give it a shot so I messaged Jon from Trident Home Loans around 2pm PST. He told me to call him and we spoke at length running rough numbers over the phone while we drove home. Just over 12 hours later, with one of his guys working the process at 3am PST on a Sunday, I had the pre approval letter to provide to our realtor along with our upcoming offer. 

    Second time I've worked with Jon and can't recommend him highly enough. 

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  11. 13 hours ago, Lawman said:


    Marine aviation by default understand their position in the universe as there strictly to make the ground side of the MAGTF more effective and tailor their focus to that. At the Joint Planning level that means yes, they are assets to be apportioned, but send them to the missions they train to and they won’t get butt hurt about not getting some other cooler more glamorous mission set. They’d rather be dropping in support of their buddies on the ground than doing the big package to Tehran or something.


    Sent from my iPad using Tapatalk

    Hey! I wanted to paint a star on my jet as much as any other dude! But thank you, you made my point more eloquently than I did. 

    13 hours ago, brabus said:

    Maybe, but also if you’re an F-35 guy focusing on CAS, you’re fucking up. But the USMC should have never got F-35s in the first place, but that’s a separate discussion. So to be fair, the USMC bros are stuck in a super lame catch 22. 

    I'm not arguing with you - You're right. But we are rapidly leaving the 4th generation fighter game and we still have to support our Marines on the ground. So we make due with what we have. 

  12. On 8/12/2022 at 10:50 PM, di1630 said:


    Yeah, I’ll need to disagree with you here. IMO the F-35 is sh-t at CAS. Is it the poor CAS weapons choices? Is it the pilot vehicle interface? Is it the community not having a good understanding of CAS?

    It’s all of the above.

    I can’t think of really any CAS scenario I’d rather be in an F-35 vs an A-10 unless the CAS was specifically taking out air defenses which would make it more SEAD.

    I'd venture to say that a Marine F-35 squadron is more proficient at CAS than an AF F-35 squadron because it is something the organization takes pride in. 

  13. On 8/1/2022 at 6:27 PM, di1630 said:

    Careful on listening too closely to “experts”. They do things like put B-1s in CAS stacks and say F-35s are just fantastic at CAS.

    I can saying having flown 3 types of A/G fighters, the A-10 is hands down the most suitable to support ground forces.

    That’s only if the pilots are well trained.

    Ukraine probably needs artillery more than anything else.
     

    The F-35 is a capable CAS platform. It might not have the same ability to bring ordnance to the fight as a F-15E or A-10, but 6 bombs per aircraft is more than I ever carried in the Hornet in actual combat. And I'm hitting the same TOTs, and many of our CAT-1s are as well - Plus or minus 5", that I did in the Hornet. 

    Granted, a great deal of that is due to the fact that there is no "Contact the mark ... from the mark West 50 ... Tally Target in 090." Its a lot less busy employing only 12s and 32s vice 82s, 83s, and 84s. 

  14. On 7/24/2022 at 2:53 PM, Clark Griswold said:

    The better gift horse IMHO would be
    F/A-18C models we are divesting as we supply MiGs plus a shit load of other gear


    Sent from my iPhone using Tapatalk

    The Hornet is a great CAS platform, but I wouldn't want to operate one over there. 

     

    On 7/25/2022 at 7:33 PM, Lawman said:


    I think a lot of our belief in the effectiveness of CAS is misconstrued by the success of what we can do with AirPower in COIN fights we’ve been in.

    Sent from my iPad using Tapatalk

    Concur. CAS is a hell of a lot less effective when you're ingressing from a CP/IP at 480KGS, popping, attempting to slew the TPOD as you establish 30* NH only to roll in 2-3" later, and have <6" in the dive to locate the target. 

    Pretty easy when all you have to say is "captured, strike posture set" and hear "push when able."

  15. I got into crypto about 13 months ago. Ended up finding an old 401k and put about 60k into different coins. About 4 months in I was up to $137k. Figured if this kept going for a couple years I wouldn't have to work full time anymore. Fast forward to now and I've got a solid $15k worth. 😆

    Live and learn. Real estate seems like the best bet long term from what I've seen since I've been a homeowner. Time will tell. 

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