Berkshire Hathaway Home Services, Donald Drake - Now Accepting Listings

06/09/2024

Why do some people take early social security payments, rather than waiting for full retirement?

I pulled my SS at 62 and I get about $2,600 a month. If I wait until my max retirement age of 70 to collect I would surely get a get more per month.

But, by waiting until age 70, I would lose out on about $240K between 62 and 70. Even if I only wait until full retirement age of 67, I would lose about $153k. The time it would take to recover that money (I believe SS calls it the Crossover point) based on SS's own tables is about 13 years, or until I'm 80 years old. I'm not willing to roll those dice.

You need more money when you're still young enough to enjoy using it, not when you're 80 years old and drooling all over the front of your shirt.

Also, please understand that this is the right scenario for me. I understand not everyone is able to do things the way I have chosen. (Unknown. Do the calculations yourself or ask SS to do it for you).

06/06/2024

06/04/2024

Interest rates have been going down, then up, then down, then up, then down. Find your mortgage broker, find a property that you like enough, it doesn't have to be your dream home, lock in a current rate and if the interest rates rates go down, you automatically get the lower rate. When rates do finally settle lower, prices will go up.

I have a very nice Seal beach condo where the seller will help in your financing.

05/31/2024

Really nice 2bd Condo near Los Alamitos for sale. Seller could carry paper at no interest if needed to make it work for you. This could be an opportunity for you. Make a deal. It's listed at $775,000.
Inbox me if interested.

Offer a Lower price, Seller carry small amount.

05/31/2024

https://www.facebook.com/BLACKnOC/posts/pfbid0spHscFukQXL2N3wV8th5osGKrBoNpwbdiZJu5Yc86G6TAnNmz35Wdy829FuYEGdPl

05/30/2024

As of this July, Venmo will charge 2.99% per transaction marked by the sender as a goods and services purchase. Whether you collect rent through them or similar apps like Zelle, there's a chance your current process will leave you paying taxes on those amounts.

If you can, instruct your friends or clients, not to mark purchases as goods and services.

05/29/2024

FYI if someone tries to sell or buy something like real estate using crypto and ask you about blockchain and going to whatsapp, just report them and block them. Why would you take Bitcoin to sell a house. Then what are you going to do with the Bitcoin? What are you going to do when Bitcoin drops 20%? You'd have to sell the big part to converted to cash. If they're talking about that tell them to sell their Bitcoin and give you the cash. These scammers are lame and not very sophisticated.

And yes I just had someone who wasted 30 minutes of my time and then start talking about crypto. Get a life.

05/28/2024

Tread carefully and get some advice but this could be a great deal for you.

https://www.facebook.com/reel/421101837552936?mibextid=xCPwDs

05/19/2024

Is this what you're looking for? Call me....

05/11/2024

For us in the 40 and over club, ask yourself this question:

If not now, when?

05/11/2024

https://www.instagram.com/reel/C6Uf4mMpMJn/?igsh=MzRlODBiNWFlZA==