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Old 12-22-2002, 11:51 AM   #201
SleazyDream
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Quote:
Originally posted by <IMX>
I disagree with you all.

Why buy outright, when leverage can help you maximize the ROI on specific projects.

Mortgages and loans are excellent tools to leverage your assets, as long as you use them diligently.
my dad taught me this simple thing about lending. It's the smartest thing I've ever heard on the subject. Don't do it unless it's for a BUSINESS reason - then borrow all you can.

meaning only borrow if it MAKES you money. buy everything else with cash, not credit.
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Last edited by SleazyDream; 12-22-2002 at 11:55 AM..
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Old 12-22-2002, 11:52 AM   #202
FlyingIguana
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Originally posted by Peaches


I have big floppy boobs - does that count?
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Old 12-22-2002, 11:59 AM   #203
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I dunno Ron, then we might have to actually MEET each other some day

I have to admit I've never had any ill feelings and I apologize if you thought I did. IMHO, it was just one of those things that wasn't working out for either of us, and it ended. I always considered it a business issue, not a personal one.

OK folks, I'm off to play Susie Homemaker and do one of the handful of domestic things I know how to do - bake apple pies Apple season is almost over and once you have apples right from the grove, store bought ones never match up! (and folks wonder how I could have put on 30+ pounds since I moved to the hills )
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Old 12-22-2002, 11:59 AM   #204
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Originally posted by <IMX>
I disagree with you all.

Why buy outright, when leverage can help you maximize the ROI on specific projects.

Mortgages and loans are excellent tools to leverage your assets, as long as you use them diligently.

Your right. Money talks, bullshit walks.
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Old 12-22-2002, 12:22 PM   #205
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Quote:
Originally posted by Peaches
I dunno Ron, then we might have to actually MEET each other some day

I have to admit I've never had any ill feelings and I apologize if you thought I did. IMHO, it was just one of those things that wasn't working out for either of us, and it ended. I always considered it a business issue, not a personal one.

OK folks, I'm off to play Susie Homemaker and do one of the handful of domestic things I know how to do - bake apple pies Apple season is almost over and once you have apples right from the grove, store bought ones never match up! (and folks wonder how I could have put on 30+ pounds since I moved to the hills )
Peaches let's make it a point to get together in Vegas
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Old 12-22-2002, 01:23 PM   #206
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Why would anybody with half a brain buy a ferrari thats automatic?
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Old 12-22-2002, 01:24 PM   #207
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Why would anybody with half a brain buy a ferrari thats automatic?
Because they can't drive a stick shift?
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Old 12-22-2002, 01:34 PM   #208
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Originally posted by Kimmykim


Because they can't drive a stick shift?
you should have taught him how to drive stick.
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Old 12-22-2002, 01:38 PM   #209
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you should have taught him how to drive stick.

oooooeeeeer ;)
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Old 12-22-2002, 01:40 PM   #210
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Originally posted by Kimmykim


Because they can't drive a stick shift?
KK thats what i mean, what a waste of a car.. If your going to buy a fast car like that, you by it because of the stick..

People around here would laugh at someone driving a car like that without stick..


The whole point is stick!


KK you should of taught brad that, Actually you should of taught him a lot of things..

Its funny how brad gets his ass kicked with these threads..
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Old 12-22-2002, 01:41 PM   #211
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If you want to be a poser with automatic you buy a mustang..
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Old 12-22-2002, 01:59 PM   #212
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Quote:
Originally posted by greentea


KK thats what i mean, what a waste of a car.. If your going to buy a fast car like that, you by it because of the stick..

People around here would laugh at someone driving a car like that without stick..


The whole point is stick!


KK you should of taught brad that, Actually you should of taught him a lot of things..

Its funny how brad gets his ass kicked with these threads..
Did you ever see him listen to anyone, why would KK be any different, he won't be taught anything, by anybody. He knows it all
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Old 12-22-2002, 02:04 PM   #213
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Originally posted by Kimmykim


Because they can't drive a stick shift?
i thought only girls cant drive stick shifts... hahahaaha

and i would imagine a guy who doesnt have the coordination to drive a stickshift, would not have the coordination to do anything in the bedroom, let alone even remotely think about giving a girl an orgasm... ahahaha this thread rules.... its 404am and ive got 2 TGs in the bed ..... i couldnt resist reloading this thread =) (TG = Thai girl)
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Old 12-22-2002, 02:06 PM   #214
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Originally posted by kmanrox

its 404am and ive got 2 TGs in the bed ..... i couldnt resist reloading this thread =) (TG = Thai girl)
They were what, $20 each?

Actually I am jealous
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Old 12-22-2002, 02:09 PM   #215
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Originally posted by KingK7


They were what, $20 each?

Actually I am jealous
that would be expensive
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Old 12-22-2002, 02:26 PM   #216
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its 404am and ive got 2 TGs in the bed ..... i couldnt resist reloading this thread =) (TG = Thai girl)

Good thing you added the definition of TG.. I was thinking it meant "Trans Gender"...
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Old 12-22-2002, 02:34 PM   #217
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Originally posted by fantasyman


Did you ever see him listen to anyone, why would KK be any different, he won't be taught anything, by anybody. He knows it all

Very True FM!

KK is not a stupid women, im suprised she couldent knock some sense into him..


Brad began digging his own grave some years ago, the burial is long over due..
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Old 12-22-2002, 02:38 PM   #218
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Quote:
Originally posted by fantasyman


IMX did you ever hear the expression "the road to hell is paved with good intention"?

That what can happen when you live above your means by using your assets to leverage against.

In a few cases, borrowing money can give you the added cashflow necessary to maximize your ROI. In most instances though,borrowing money is what gets you into trouble.

That said, yes, taking a loan out to purchase a house is how to get started. But you should have a plan to pay down your mortgage faster than the terms of the loan by making additional payments against the principal each month. Otherwise, you will pay twice as much money for the house, just look at a truth in lending paper on any mortgage. If you make the monthly payments for 15 or 30 years the only write off you have is the mortgage interest.

It also depends on your age. If you're young, purchasing a house will be your largest investment and will help you start accumulating wealth thru equity. Once you have equity in your home, you can get an equity line of credit on your home loan so that when you purchase a car, you purchase it by taking additional loan against your house equity. This way you can deduct the interest you pay out for a car. If you just take out a loan on a car, you can't deduct any of that interest.

Be very careful not to borrow money you can't afford to pay back or you will lose all of you assets by defaulting on a loan. This has been the demise of many wealthy people, leveraging everything they have to live a better life style. When they finally can't afford to service their debt, they lose everything and who is the benefactor? The bank or lending institution ends up with all the assets you worked so hard to acheive.

FM--

Yes, I understand you should avoid loans on consumer durables, and items such as vacations meals etc... Those should not even go on credit cards. Or you should set-up you credit cards to immediately pull the full payment out of your checking account. In that way you collect Credit Card bonuses, and improve your credit rating at the same time.

Borrowing on personal expenitures gets you in trouble quickly; however, so does spending the money you make in uncertain business ventures quickly. Even if it is your money, income from adult ventures (just as an example), are fairly uncertain from one year to the next. If a guys income falls drastically, it isn't going to matter that he owns a lot of consumer stuff out right...he probably shouldn't be buying the stuff until he has a stable income stream.

(wise man, your dad sleazy ;)

However, make no mistake, I'm talking about biz ;)

In business, not all of us have the ability to create our own luck right from the start ;) To pay for start-up expenses without the use of loans to get started. Adult seems to be an exception, as a lot of the start-up is intellectual capital and the balls to act on your knowledge once you have it.

But in other business I'm researching, I'll need some loans to get things started and cover basic operating expenses until the cash flow is there. It doesn't mean they are bad investments b/c I can not afford to start them up out right. In fact the ROI is higher than adult, problem is the start-up costs are expensive, to lock the small industry down like I want to, so I can extract some monopoly rent in the long-term ;)))

However, in Real Estate. The big boys use leverage to acquire more property, build more property and remain diversified away from having all their investment money in Real Estate or even tied to a few specific real estate projects. (Hence REITs, real estate partnerships etc..)

Banks do not want your physical assets, most will do almost anything to avoid foreclusing on consumer property and commercial items--as you said the resale value on a Ferrai is next to nothing--and banks are not in the business of car or home sales. They dump that stuff for pennies on the dollar. In fact most banks have it written in their operating statement how long the can keep property before auctions. In fact, if you can get in good with your local bank...

(By the way foreclosed properties are great investments).

As for risk, yeah definitely it is there, anytime you own something outright there is less risk than with leverage. However, the total ROI is higher and holding all else equal, by using loans that max your overall rate of return on each real estate project, you will make more money. You just need to equate the increase in risk, with the increase in return.

If I get a chance to buy a 200k appartment building, I'm putting as little down as possible, trying to get seller/builder financing (hopefully the seller is motivated) etc...and concentrating on increasing the value of that property in the first year to increase my equity in the building. Pocketing from the cash flow from the property is secondary concern for me, I'm interested in getting the unit to pay for itself, with minimum $$ down. 5-years with equity from payments and appreciation, I'll extract my profit then with another refinance.

Risk is inherant in any project, it could always fail.
Just because you own it outright doesn't mean that you can't lose your shirt.
Using leverage increases your ROI, but it also decreases the projects you can invest in because you will need that rate of return to cover the debt service.

Bottom line, leverage allows you to be more aggressive with a winning strategy. Of course, if your strategy sucks, you are going to lose far more than you would have if you were buying outright.

But such is risk - reward.

Definitely words to live by though FM Invest Invest Invest, and only at a risk level you feel comfortable. ;)))

</IMX>
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Old 12-22-2002, 02:40 PM   #219
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Originally posted by greentea


Brad began digging his own grave some years ago, the burial is long over due..
So is yours, pumpkin.

Your mom starr in any good beasty-flicks lately?
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Old 12-22-2002, 02:48 PM   #220
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KingK7 ah brads only sidekick and freind, I wondered when you would show up..
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Old 12-22-2002, 02:50 PM   #221
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Hahahha this is some funny shit. !!
Reminds me of the old YNOT days.
You all rock Have a great Holidays !
Thanks for the Lobsters Ron I gave them to
my employees, they were Stoked

See all you peeps in Vegas

This thread has made me Gratefull and thankfull for what I have today
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Old 12-22-2002, 02:53 PM   #222
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Originally posted by greentea
KingK7 ah brads only sidekick and freind, I wondered when you would show up..
I see you still have the typing skills of a 7-year old.
So why did you change your nick?

Bang any hot Rottweilers lately?
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Old 12-22-2002, 02:57 PM   #223
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I dont know if your mother would be considered a Rottweiler?


Dood i sold out in 97.. Whats a matter jealous?

I hear some people in AU are looking for, any truth to that?

Brad needs you run away
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Old 12-22-2002, 02:58 PM   #224
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Originally posted by kmanrox


i thought only girls cant drive stick shifts... hahahaaha

and i would imagine a guy who doesnt have the coordination to drive a stickshift, would not have the coordination to do anything in the bedroom, let alone even remotely think about giving a girl an orgasm... ahahaha this thread rules.... its 404am and ive got 2 TGs in the bed ..... i couldnt resist reloading this thread =) (TG = Thai girl)

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Old 12-22-2002, 02:58 PM   #225
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Quote:
Originally posted by <IMX>



FM--

Yes, I understand you should avoid loans on consumer durables, and items such as vacations meals etc... Those should not even go on credit cards. Or you should set-up you credit cards to immediately pull the full payment out of your checking account. In that way you collect Credit Card bonuses, and improve your credit rating at the same time.

Borrowing on personal expenitures gets you in trouble quickly; however, so does spending the money you make in uncertain business ventures quickly. Even if it is your money, income from adult ventures (just as an example), are fairly uncertain from one year to the next. If a guys income falls drastically, it isn't going to matter that he owns a lot of consumer stuff out right...he probably shouldn't be buying the stuff until he has a stable income stream.

(wise man, your dad sleazy ;)

However, make no mistake, I'm talking about biz ;)

In business, not all of us have the ability to create our own luck right from the start ;) To pay for start-up expenses without the use of loans to get started. Adult seems to be an exception, as a lot of the start-up is intellectual capital and the balls to act on your knowledge once you have it.

But in other business I'm researching, I'll need some loans to get things started and cover basic operating expenses until the cash flow is there. It doesn't mean they are bad investments b/c I can not afford to start them up out right. In fact the ROI is higher than adult, problem is the start-up costs are expensive, to lock the small industry down like I want to, so I can extract some monopoly rent in the long-term ;)))

However, in Real Estate. The big boys use leverage to acquire more property, build more property and remain diversified away from having all their investment money in Real Estate or even tied to a few specific real estate projects. (Hence REITs, real estate partnerships etc..)

Banks do not want your physical assets, most will do almost anything to avoid foreclusing on consumer property and commercial items--as you said the resale value on a Ferrai is next to nothing--and banks are not in the business of car or home sales. They dump that stuff for pennies on the dollar. In fact most banks have it written in their operating statement how long the can keep property before auctions. In fact, if you can get in good with your local bank...

(By the way foreclosed properties are great investments).

As for risk, yeah definitely it is there, anytime you own something outright there is less risk than with leverage. However, the total ROI is higher and holding all else equal, by using loans that max your overall rate of return on each real estate project, you will make more money. You just need to equate the increase in risk, with the increase in return.

If I get a chance to buy a 200k appartment building, I'm putting as little down as possible, trying to get seller/builder financing (hopefully the seller is motivated) etc...and concentrating on increasing the value of that property in the first year to increase my equity in the building. Pocketing from the cash flow from the property is secondary concern for me, I'm interested in getting the unit to pay for itself, with minimum $$ down. 5-years with equity from payments and appreciation, I'll extract my profit then with another refinance.

Risk is inherant in any project, it could always fail.
Just because you own it outright doesn't mean that you can't lose your shirt.
Using leverage increases your ROI, but it also decreases the projects you can invest in because you will need that rate of return to cover the debt service.

Bottom line, leverage allows you to be more aggressive with a winning strategy. Of course, if your strategy sucks, you are going to lose far more than you would have if you were buying outright.

But such is risk - reward.

Definitely words to live by though FM Invest Invest Invest, and only at a risk level you feel comfortable. ;)))

</IMX>
So, tell me something I don't know

Your comments are sound, but this all depends on your age, financial position and how agressive you want to be. I've just been stating my circumstances. I have no desire to leverage myself out in real estate or to borrow money to agressively invest in anything. But then again, I'm older
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Old 12-22-2002, 03:03 PM   #226
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Quote:
Originally posted by greentea
I dont know if your mother would be considered a Rottweiler?
Dood i sold out in 97.. Whats a matter jealous?
I hear some people in AU are looking for, any truth to that?
Brad needs you run away
"Sold out", thats a new one.

Some people in AU are looking for what/who?
You are confusing me.

And yeah, I am real jealous, I'd REALLY like to be in your shoes
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Old 12-22-2002, 03:03 PM   #227
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Quote:
Originally posted by greentea
KingK7 ah brads only sidekick and freind, I wondered when you would show up..
You're right, he posts just like him too. He's a Brad Shaw Clone

KingK why don't you try and adapt your own style and stop the hate?
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Old 12-22-2002, 03:05 PM   #228
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Quote:
Originally posted by LegendaryLars
Hahahha this is some funny shit. !!
Reminds me of the old YNOT days.
You all rock Have a great Holidays !
Thanks for the Lobsters Ron I gave them to
my employees, they were Stoked

See all you peeps in Vegas

This thread has made me Gratefull and thankfull for what I have today
Lars you're welcome Dude - Happy Holidays - see you in Vegas
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Old 12-22-2002, 03:07 PM   #229
KingK7
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Quote:
Originally posted by fantasyman

You're right, he posts just like him too. He's a Brad Shaw Clone
KingK why don't you try and adapt your own style and stop the hate?
No hate here, it's Christmas
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Old 12-22-2002, 03:16 PM   #230
FlyingIguana
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Quote:
Originally posted by kmanrox


i thought only girls cant drive stick shifts... hahahaaha

and i would imagine a guy who doesnt have the coordination to drive a stickshift, would not have the coordination to do anything in the bedroom, let alone even remotely think about giving a girl an orgasm... ahahaha this thread rules.... its 404am and ive got 2 TGs in the bed ..... i couldnt resist reloading this thread =) (TG = Thai girl)
you must have every std in the book by now lol
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Old 12-22-2002, 03:19 PM   #231
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Originally posted by greentea

KK you should of taught brad that, Actually you should of taught him a lot of things..
Hey now, I tried. He was able to drive the 5 speed Kia that the nanny wheeled around town in...
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Old 12-22-2002, 03:20 PM   #232
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Originally posted by KingK7


So is yours, pumpkin.

Your mom starr in any good beasty-flicks lately?

yeah, hate here!
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Old 12-22-2002, 03:20 PM   #233
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Ok Ron member how I was tellin ya about the ad where I say I bought this ad to make up for my small penis in miami... well I hope ya saw it if not its runnin again in Jan AVN show issue.

This is my new toy its no ferarri and cost 1/10 whata ferarri does but it is a fucking hoot

Also on the back of my boxter it says

I bought this car to make up for my small Penis here is the pics to prove it



If you admit to having a small penis no one can hold it against you Muhahahahahahaha LOL
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Old 12-22-2002, 03:20 PM   #234
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Originally posted by KingK7


I see you still have the typing skills of a 7-year old.
So why did you change your nick?

Bang any hot Rottweilers lately?
and no hate here!
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Old 12-22-2002, 03:21 PM   #235
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I don't know what the whole problem about the stick shift thing is. When I get the extra money (if ever) to buy a sportscar, it will be an AUTOMATIC. Just like when I buy a Harley, I'm only gonna drive that muthafucka no faster than 55 mph.

When you buy a car like that and it's an automatic, maybe he wants to spend time with his left hand out of the window and letting the breeze go through his hair. Maybe people don't feel like spending all that time shifting a fucking car. Maybe he wants to have a beer in his hand as he takes a drive. You can't even smoke a cigarette right if you drive a stick shift. Plus, it isn't like you're gonna race the muthafucka on public streets. So I don't see anything wrong with driving an automatic sports car...
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Old 12-22-2002, 03:23 PM   #236
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Originally posted by LegendaryLars



Ok Ron member how I was tellin ya about the ad where I say I bought this ad to make up for my small penis in miami... well I hope ya saw it if not its runnin again in Jan AVN show issue.

This is my new toy its no ferarri and cost 1/10 whata ferarri does but it is a fucking hoot

Also on the back of my boxter it says

I bought this car to make up for my small Penis here is the pics to prove it

If you admit to having a small penis no one can hold it against you Muhahahahahahaha LOL
very kool car Lars

that's a funny license plate LOL
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Old 12-22-2002, 03:24 PM   #237
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Quote:
Originally posted by LegendaryLars
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If you admit to having a small penis no one can hold it against you Muhahahahahahaha LOL
are you aware that by not blocking the registration sticker number, you're leaving yourself as wide open as if you left your license plate available? Think about it...that's a UNIQUE registration sticker.
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Old 12-22-2002, 03:26 PM   #238
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Oh and if anyone got the wrong Idea I was only talking about my own small penis and no one elses

I already blew the heads on the flathead LOL

but it only cost $300 to fix em..

I love old shit it rocks !!!!

People in y town come up behind me and see that plate and fucking die laughing. I am happy I can bring a smile to peoples faces.. Cuzz Happieness is the Ultimate victory no matter what ya have in material possessions if ya aint happy ya aint happy !!!
No ammount of toys can fix it , but they sure as hell add to the fun when you head is in order
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Old 12-22-2002, 03:27 PM   #239
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Quote:
Originally posted by fantasyman


and no hate here!
You must be reading it all wrong, I have nothing but love for good ol' pw/beasty trading Zulu.
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Old 12-22-2002, 03:27 PM   #240
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Quote:
Originally posted by fantasyman


very kool car Lars

that's a funny license plate LOL
on the back of my bus pass it says 'when you're hung like me, you don't need a car'
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Old 12-22-2002, 03:30 PM   #241
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Quote:
Originally posted by KingK7


You must be reading it all wrong, I have nothing but love for good ol' pw/beasty trading Zulu.
funny guy
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Old 12-22-2002, 03:31 PM   #242
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LOL, last time I checked driving with a beer was illegal in all 50 US states, especially Texas.

And why you wouldn't be able to smoke and drive a stick shift I don't know. It's entirely possible to smoke a cigarette and eat a salad at the same time while driving a stick if you know how to drive one.
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Old 12-22-2002, 03:31 PM   #243
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Kewl thanks for the heads up on the pic I just changed it
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Old 12-22-2002, 03:38 PM   #244
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Quote:
Originally posted by KingK7


You must be reading it all wrong, I have nothing but love for good ol' pw/beasty trading Zulu.

bahahahha get off my dick and get out of 97.. weak...

Yes i was an 18 year old wana be hacker at the time..
I ran a password site and SHUT it down in 97.

What next K7? Jealous that i was succesful making money with paysites? I made my cash and got out the game in 01.

5 years in the game, been there done that..

im half your age and have more cash in the bank then you do, is that why your still on my cock?
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Old 12-22-2002, 03:39 PM   #245
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Playing catch up, had our company xmas party last night.

Unfortunatly due to pending legal matter I am unable to respond to KK's bitter rhetoric.

FM, maybe once she pays me back the $30k cash loan I made for her kids boarding school, I will get me a viper. But based on the stats I have seen from her new spamming project, it may be a while.

NBT marketing ring a bell for anyone?
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Old 12-22-2002, 03:40 PM   #246
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Quote:
Originally posted by BVF
I don't know what the whole problem about the stick shift thing is. When I get the extra money (if ever) to buy a sportscar, it will be an AUTOMATIC. Just like when I buy a Harley, I'm only gonna drive that muthafucka no faster than 55 mph.

When you buy a car like that and it's an automatic, maybe he wants to spend time with his left hand out of the window and letting the breeze go through his hair. Maybe people don't feel like spending all that time shifting a fucking car. Maybe he wants to have a beer in his hand as he takes a drive. You can't even smoke a cigarette right if you drive a stick shift. Plus, it isn't like you're gonna race the muthafucka on public streets. So I don't see anything wrong with driving an automatic sports car...
Weak.. Then buy a mustang your set..

Posers dont belong in sports cars..
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Old 12-22-2002, 03:44 PM   #247
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Quote:
Originally posted by BradShaw
Playing catch up, had our company xmas party last night.

Unfortunatly due to pending legal matter I am unable to respond to KK's bitter rhetoric.

there is only ONE bitter person in this thread, and it's you, Brad....

leasing shit FM owns and braggin' about it....
you are the biggest puts Sy seen in his life
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Old 12-22-2002, 03:45 PM   #248
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Quote:
Originally posted by BradShaw
Playing catch up, had our company xmas party last night.

Unfortunatly due to pending legal matter I am unable to respond to KK's bitter rhetoric.

FM, maybe once she pays me back the $30k cash loan I made for her kids boarding school, I will get me a viper. But based on the stats I have seen from her new spamming project, it may be a while.

NBT marketing ring a bell for anyone?

ROFL Brad, nice try. You had plenty of time to take down your little lovebirds site today but you couldn't post?

Take your meds, wait til the voices in your head calm down and then try to post. Funny how you've ignored your attorneys direct requests not to communicate with me, post anything aimed at me, or otherwise make little statements intended for my direction until this little thread you started took a wrong turn on you.

Don't stop posting though, that would be a shame.
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Old 12-22-2002, 03:45 PM   #249
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Quote:
Originally posted by greentea



bahahahha get off my dick and get out of 97.. weak...
Yes i was an 18 year old wana be hacker at the time..
I ran a password site and SHUT it down in 97.
What next K7? Jealous that i was succesful making money with paysites? I made my cash and got out the game in 01.
5 years in the game, been there done that..

im half your age and have more cash in the bank then you do, is that why your still on my cock?
I am 27, so that makes you what, 13 1/2??

So what kind of paysites were you making money with? General hardcore kind of? Hahaha

SHUT it down, sold out in 97, got out of the game in 01.
You are still confusing me. I think you may want to cut down on those "blunts", cutie.

"more money in the bank"...
That's even cuter, I dont know how much you stole from certain people, but I doubt it
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Old 12-22-2002, 03:47 PM   #250
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BTW, 80%+ of the Ferrari's sold these days have the f1 transmission. Same set up as used in f1 race cars. Drives like a stick shift, with no clutch and shifting with paddles. You shift gears up and down, like a stick shift. They are sold at a premium price over 6 speed ones BTW. And for a Ferrari going down in value, they actually go up. A 360 new can be ordered for 170k, and held for 2 years and you would get 170k out of it.

I was looking at an S55 recently. They are 120+, and a year old with 10k miles, they drop under 90k. Hope you did not buy a new one FM. That is a hell of a hit.

Here is one with 30k miles for 40k+ under what guy paid for it a year ago...

http://cgi.ebay.com/ebaymotors/ws/eB...m=18749909 37

I am sure all hell is about to break loose, so I will let people implode on their own while I go take a drive in the nice weather.
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