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  1. Jerry80

    Accident forgiveness, how does it work?

    That's a good question. Accident forgiveness is like an incentive for driving safe. You essentially get a one time out of having to pay extra for your insurance when it's your first ever at-fault accident. It's usually given to people with good driving records.
  2. Jerry80

    Question Are work equipment/supplies loss/damage covered?

    If you run a business, are the work equipment and supplies for example, a part of the business insurance? Or will that insurance only be used towards certain aspects of the business? I figure it may be important with equipment, especially if the equipment is expensive and you rely on it for said...
  3. Jerry80

    Question Should I lease a new car instead?

    I want to take out a loan and get a nice and fairly newer car, but I don't want to take out a big loan. Instead, I figured I would lease the new car and then pay it off that way. I feel this way it'd be easier, and if I ever want to sell it, I can easily sign the lease over to someone else. Is...
  4. Jerry80

    Question Is there a way to become a charity organization?

    I would like to start a charity at some point, and would like to eventually make my business a charity organization. Thing is, I don't have a single clue how to go about something like this. Do you guys have any tips on how to start an organization for charity? Are there forms you need to sign...
  5. Jerry80

    Question Would you purchase property in Africa?

    I've never considered purchasing property in Africa before, but after hearing how safe South Africa is, I am now interested in getting property over there. How are the properties in South Africa? I'd be interested in flipping some places too.
  6. Jerry80

    Question How do you feel about renting?

    I've never rented, but I do like the idea of renting out a place to a family so that I can make some extra cash on the side, but I'm not the biggest fan of renting my properties out.
  7. Jerry80

    Question Is self employment taxable income?

    Of course it is, any form of income you make, is taxable, whether it be self employment or working for an employer. Everything you make is taxable.
  8. Jerry80

    I've loaned money to people before, not a fan

    It's something I don't like to do either, because no one wants to bug a family member or friend for money. I've loaned money to friends in the past and it's never any fun when they don't give you an honest answer as to when they can pay.
  9. Jerry80

    Question Buying anything build up your credit score?

    Well it depends. If it's cash, it won't be helping your credit increase. If you have a bill of sale or service, it might work. Otherwise, if you use a credit card or debit card, I believe all of that adds up to your credit score.
  10. Jerry80

    Question Is real estate in Vietnam cheap?

    To my knowledge, real estate in Vietnam is fairly cheap. It's considered one of the cheapest places to live, and I personally would love to move there one day myself.
  11. Jerry80

    Question Never taken out an auto loan, what should I know?

    Just let it be known, that if you cannot pay off your loan, they will take your car. The point of auto loans, is that they use your vehicle as collateral in case you cannot pay the loan back. Only take out what you know you'll be able to pay back.
  12. Jerry80

    Question Safe to own property in the Middle East?

    In my opinion, it's not 100% safe, but neither is any other area. The Middle East has its problems, but it has come a long ways since the 80s, 90s, and 2000s. I'd research it some more to get a bigger picture of what it's like over there.
  13. Jerry80

    Question How many houses have you flipped?

    I've yet to flip any houses myself, but I would like to eventually invest in a few houses in my area and flip them for sale. Not sure when I will be able to, but we'll see.
  14. Jerry80

    Question How much and how often do you need to spend to increase your credit score?

    When it comes to increasing your credit score, how much is enough to start? Or does it rely on how often you spend money? I want to build my credit score faster, any suggestions?
  15. Jerry80

    Question Have you ever had to force a tenant out?

    I have only rented out one place, and it was one of my bedrooms in my current home. I had to get some money a few years back, so opened my house to one tenant. Anyway, the tenant became a problem and I had to work my way to getting him out. It took 30 days with a court order to have him move...
  16. Jerry80

    Do you have more than one bank account?

    I tend to only run with one or two bank accounts. I try to save most of my money in both, but also have other ways of protecting my money. I try to invest some and save as much as I can. Anyway, do you tend to use more than one bank account? What about a credit union bank account? I prefer...
  17. Jerry80

    Question What’s the Difference Between Rehabbing for a Rental Versus a Flip?

    Well with rehabbing for a rental, it is a rental and therefore can't be sold until tenants are out. Sometimes rehabbing is more for fixing some repairs and making small changes, but a flip is usually a complete teardown or replacement of the original layout. Basically starting over. But, if...
  18. Jerry80

    Question Duplex's a good investment?

    I would like to eventually buy myself a duplex and rent it off. I was wondering though, is it a good option? I want to eventually rent to two tenants, and maybe invest in another duplex at some point. And eventually have multiple duplex's that I rent out.
  19. Jerry80

    Question What's the max size loan one should take out?

    I want to take a loan out soon for a business I would like to start, and was wondering what the max one should take out per loan? I don't want to take out too much, just enough to get started. I need about $5000 to start, would that be fine?
  20. Jerry80

    Info Buying property in Asia, what should I know?

    I'm considering moving to Asia, most likely Japan, and I was wondering. How much would it cost to live in Japan? I hear it can be pretty pricey, so what would be ideal for a smaller house? Would that even be costly?