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Jan 14, 2010 | 06:29 AM

#141

lazymashi

Registered User

Joined: May 2009

Posts: 19,726

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From: Houston, TX

tax refund is gonna be weak, due to no bonus...

Jan 14, 2010 | 06:32 AM

#142

second2none

Joined: Nov 2003

Posts: 34,382

Likes: 1

From: Texas

My tax refund is gonna be killer this year. Going towards my property tax for next year though.

Jan 14, 2010 | 06:39 AM

#143

lazymashi

Registered User

Joined: May 2009

Posts: 19,726

Likes: 0

From: Houston, TX

ffffffffuuuuuuuuuu!

i think im gonna borrow from my 401k for down payment for condo... about $5k only...

Jan 14, 2010 | 06:45 AM

#144

second2none

Joined: Nov 2003

Posts: 34,382

Likes: 1

From: Texas

You crazy man! That's suicide!!! Penalty and taxes on that. How much would be left! :facepalm:

Jan 14, 2010 | 06:51 AM

#145

lazymashi

Registered User

Joined: May 2009

Posts: 19,726

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From: Houston, TX

no penalty or tax... i talked to my co-workers who did the same last month... but will have money deducted from paycheck-to-paycheck to pay it back...

Jan 14, 2010 | 06:56 AM

#146

second2none

Joined: Nov 2003

Posts: 34,382

Likes: 1

From: Texas

Quote:

Originally Posted by lazymashi,Jan 14 2010, 10:51 AM

no penalty or tax... i talked to my co-workers who did the same last month... but will have money deducted from paycheck-to-paycheck to pay it back...

If it works for you. Even if there is no penalty which I highly doubt. There will be taxes deducted anytime you take a cashout like that from an investment.

Jan 14, 2010 | 07:00 AM

#147

lazymashi

Registered User

Joined: May 2009

Posts: 19,726

Likes: 0

From: Houston, TX

Quote:

Originally Posted by second2none,Jan 14 2010, 07:56 AM

If it works for you. Even if there is no penalty which I highly doubt. There will be taxes deducted anytime you take a cashout like that from an investment.

yeah… but im really in the mood to have a place to call “my home”…
with my budget that I want to spend, I’ll probably end up getting a 2/1 with 1 car garage…

Jan 14, 2010 | 07:10 AM

#148

second2none

Joined: Nov 2003

Posts: 34,382

Likes: 1

From: Texas

Quote:

Originally Posted by lazymashi,Jan 14 2010, 11:00 AM

yeah… but im really in the mood to have a place to call “my home”…
with my budget that I want to spend, I’ll probably end up getting a 2/1 with 1 car garage…

Yeah, on a 30/40k condo. You don't have to put down much to get approved.