Joe Dupre'
Masterpiece
I mostly feel like 30ish................until I get up from my chair.
Am I Honest Enough.....
- Thread starter sorce
- Start date
HorseloverFat
Squarepants with Conkers
Nybonsai12
Masterpiece
Pottery should be a side hustle until you have enough of a following and saving to make a legitimate run at it. But you need to go out and get a real job.
Go take orders from a boss, swallow your pride and take shit from others in the name of getting a home for your family. Most folks dont like their job, they just do it to support a family. You knew the answer, you just didn’t want to hear it.
Go take orders from a boss, swallow your pride and take shit from others in the name of getting a home for your family. Most folks dont like their job, they just do it to support a family. You knew the answer, you just didn’t want to hear it.
sorce
Nonsense Rascal
This would be the promissory note available on my website. You would have this available via download straight away, I would send a signed copy ASAP. And have you send me a signed copy, which I would store in a fireproof safe for my records for repayment.
I understand this is equal parts "just helping me out" and an investment to boost love more than wealth, but that is an investment I feel the world needs. The risk that remains is only an act of God, a fire, or sudden death of us all. Which I will do everything on my part to prevent, and take care of afterwards should the quite impossible occur.
1. is monetary.
2. is terms.
3. says I can pay early.
4. protects you.
5. protects me.
6 protects us both.
7. ensures payment to other parties should the need occur. which I have an entry for on the full document.
More in depth Thoughts?
Sorce
I understand this is equal parts "just helping me out" and an investment to boost love more than wealth, but that is an investment I feel the world needs. The risk that remains is only an act of God, a fire, or sudden death of us all. Which I will do everything on my part to prevent, and take care of afterwards should the quite impossible occur.
1. is monetary.
2. is terms.
3. says I can pay early.
4. protects you.
5. protects me.
6 protects us both.
7. ensures payment to other parties should the need occur. which I have an entry for on the full document.
More in depth Thoughts?
Sorce
Paradox
Marine Bonsologist
I mostly feel like 30ish................until I get up from my chair.
I resemble this remark
sorce
Nonsense Rascal
The answer to the question.... "Am I honest enough"? I know it is yes. Just putting out feelers to the people. Half and almost half ain't bad!
This has nothing to do with me "getting a job" or not. It only has to do with financing the ground on which I have to stand to get a "real job" if the need presents itself.
Thank You.
Sorce
Clorgan
Omono
I feel for you Sorce, I really do.
But I also feel like it's an unrealistic ask... I've got a decent paid job, but even so do not have £1000 lying around. I don't know many people who do, but maybe that's an age thing?
Also, sorting out that many loans would surely be a job in itself, by which point you could have just got a job anyway.
Following authority can suck for sure, but you've just gotta get on with it and sometimes bite your tongue and say what they want to hear.
BUT not all jobs are bad! There's something out there for everyone, I'm sure of it.
Really hope you sort this, best of luck x
But I also feel like it's an unrealistic ask... I've got a decent paid job, but even so do not have £1000 lying around. I don't know many people who do, but maybe that's an age thing?
Also, sorting out that many loans would surely be a job in itself, by which point you could have just got a job anyway.
Following authority can suck for sure, but you've just gotta get on with it and sometimes bite your tongue and say what they want to hear.
BUT not all jobs are bad! There's something out there for everyone, I'm sure of it.
Really hope you sort this, best of luck x
HorseloverFat
Squarepants with Conkers
I once had to raise money to build a skatepark...
Brat Fries... where I met people who would help me volunteer for....
Yard work, where we met people willing to... Donate smaller, gratuitous amounts which, when partially reinvested... Funded bigger better Brat Fries... bands and ice cream.... We could afford, then, enough gas for TWO mowers.. so met MORE potential investors...
I’d think of adding a “smaller, gift amount option”.. this would alleviate concerns and responsibilities as well as removing the “bottom wall”.. buuuut.. balance.
Brat Fries... where I met people who would help me volunteer for....
Yard work, where we met people willing to... Donate smaller, gratuitous amounts which, when partially reinvested... Funded bigger better Brat Fries... bands and ice cream.... We could afford, then, enough gas for TWO mowers.. so met MORE potential investors...
I’d think of adding a “smaller, gift amount option”.. this would alleviate concerns and responsibilities as well as removing the “bottom wall”.. buuuut.. balance.
That Promissory Note provides no protection to any Lender. You, the Borrower keep the original paperwork???
Lol!!!
Really, I think you would have better success just asking for donations on the promise you will send them pots!0
leatherback
The Treedeemer
Hm.. I am not sure whether it is important that you are honest enough to do this. I think the GoFundMe is a platform that people trust.
I only know you from this site. It is a big thing to just tranfer a thousand buck to the other side of the world to someone I have never laid eyes on. And for 1K loans I would like to actually have a beer with a person.
ShadyStump
Imperial Masterpiece
What's the nature of the target property?
Doesn't take much to qualify for a USDA Rural Development Home Loan, so long as the property qualifies, and you meet the income qualifications.a
The program is specifically built for lower income people in rural areas (defined somewhat loosely) looking to buy a home. As far as I know, it is the only home purchasing subsidy offered by US government. My dad and my sister have both successfully used the program in the past. My wife and I looked into this in past, too, and it's still something were considering for situation.
www.rd.usda.gov
Doesn't take much to qualify for a USDA Rural Development Home Loan, so long as the property qualifies, and you meet the income qualifications.a
The program is specifically built for lower income people in rural areas (defined somewhat loosely) looking to buy a home. As far as I know, it is the only home purchasing subsidy offered by US government. My dad and my sister have both successfully used the program in the past. My wife and I looked into this in past, too, and it's still something were considering for situation.
Single Family Housing Programs
I'd say go with Brian's post.
And, Sorce, it’s not about “Honesty”. I truely believe you are “honest”, and I truely believe that you intend on repaying your debts.
It’s a question of “ability”, and a proven track record of a demonstrated ability and history of repaying debts. And, unfortunately, a proven, consistent income is the primary factor that lenders use in determining whether or not someone has the ability to repay a large sum of money.
There were tons of “honest” people who could not repay their debts back in 2007 and 2008. The banks don’t want to go thru that again.
Are you on a “rent with option to buy” deal on this house?
Can you buy an extension?
I suspect that if you are on a “rent with option deal”, the owner wants you out because house values have gone up. To the point that your option price is lower than what it would bring on the open market.
Good luck!
It’s a question of “ability”, and a proven track record of a demonstrated ability and history of repaying debts. And, unfortunately, a proven, consistent income is the primary factor that lenders use in determining whether or not someone has the ability to repay a large sum of money.
There were tons of “honest” people who could not repay their debts back in 2007 and 2008. The banks don’t want to go thru that again.
Are you on a “rent with option to buy” deal on this house?
Can you buy an extension?
I suspect that if you are on a “rent with option deal”, the owner wants you out because house values have gone up. To the point that your option price is lower than what it would bring on the open market.
Good luck!
Frankly, I find it odd that on a bonsai forum somebody is asking people to loan upwards of $235,000. No doubt, forums like this may build a sense of community, even affection for one another, but for someone to list a track record of unsuccessful employment and then ask for $235,000 on this type of forum strikes me as, well, odd.
VAFisher
Masterpiece
I'm not following why you can't continue to rent - either at the current place or a new one. If you stand to make 100k making pots and the wife has a new, higher paying job, surely you can afford to rent something until you can figure out the mortgage thing. Did I miss something?
Shogun610
Masterpiece
From a legality perspective, you’re opening up a can of worms by doing this. I wouldn’t keep asking for money from this community, not saying you wouldn’t keep your promise , but I think from a legal perspective you’re opening up doors for people to come after you by asking for this type of assistance outside of a legal bound document. If you’re drafting up promissory notes , I’d go through a lawyer with each individual investor before you accept their money.
Joe Dupre'
Masterpiece
Let me just suggest that the lenders you have approached may be doing you a favor by NOT lending you money. Normally, if everything looks doable, lenders will gladly lend you money. If they don't, that may mean that you are not a good risk NOW. A year from now, you may be in much better shape, but they have to go with the facts of the moment. If they lend you money and you get in over your head, it does neither you nor them a great service.
ShadyStump
Imperial Masterpiece
The banks put themselves in that situation with piss poor lending practices, and generally crooked/illegal dealings with their own lenders and each other. The people were collateral damage.
Current federal regulations- NOT just bank policies- set a debt to income ratio on mortgage borrowers that essentially precludes anyone from buying a house at the national median cost who doesn't make well above the national median annual household income, with a 20% down payment. Even if @sorce could show his ability to pay a rent the past 10 years that's twice what the mortgage would be, and still make ends meet he will not get anything resembling a conventional loan.
Again, look into the USDA rural development home loans. They're purpose built for this sort of thing. They may still want to see long term employment, but they don't care what it is. So, play with the numbers some and see what you can't work.
MrWunderful
Omono
sorce
Nonsense Rascal
They are looking for more income for rentals. 3x $1800-2000, which is....further out of reach.
I'm probably too close to "city" to use that option, however, I appreciate the information, since somewhere I could use that loan is where I want to go anyway!
......No.
Sorce
