Lori Loughlin’s daughter?
Lori Loughlin’s daughter?
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anon_0k9zlfz6lz9oy
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VT fans on their boards bave been saying all along that willard was never seriously considered
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anon_0k9zlfz6lz9oy
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I started in real estate when I was 18, i made a lot of money selling homes, sold about $16 mill. a year worth of homes for a number of years by myself without a team. Then i started flipping, subdividing, and eventually investing in apartment communities in dallas, san antonio, jacksonville, lawrence, ks, and phoenix. I currently have a portfolio of 1426 apartment units in which I am a partner in (not a huge stake <10%). If you ever have money laying around and have any interest in investing in apartment communities id be happy to have a 10-15 minute chat over the phone. We syndicate most of our deals out to investors typically with a minimum $50k investment amount.
Also real estate is a VERY tax efficient investment vehicle, usually almost all of your income generated from real estate investments is tax free due to depreciation deductions. My group is actually hosting a pretty large investor event in Phoenix next weekend if youre a west coast guy, should be about 300-400 people and not that expensive if youd have any interest in coming.
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anon_0k9zlfz6lz9oy
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See I’ll just never get that. Granted I live pretty lean. Im not materialistic at all and luxuries dont excite me. I make a good living but I dont think ive ever bought a shirt other than for work that cost more than $30, I drive a regularly ol ford, I just enjoy playing sports and watching them really. Ive traveled cool places and what not but even at my income theres really not much kevin willard can do (making 4x what I make) that I cant. And I’ll tell ya this, you can have more fun free than you ever could by spending money
Authoritative. While i think post season is a major hole for Willard, The Hall is one of only 14 teams to make the dance each of the last 4 years. What would you give Pike if he has that feat someday?
Was right with you in the first paragraph.
Maybe you are right in the second paragraph, but if you are a saver and charitable, don't see the second scenario kicking in.
I work very closely with a lot of people with money. If you haven't spent time with those people, you would be surprised at what their "needs" are. As you grow your wealth, you get into a situation where all your friends have as much, if not more money than you, and it is very easy for spending to get out of control. What any person considers luxury is a sliding scale. There are lots of really fun things out there that just consume oodles of money. Vehicles, horses and country club memberships are just the beginning. From their you get into fine art, homes, yachts, personal staff, flying private or owning a jet, etc. For most people, their taste for luxury tends to match their disposable income. This also usually includes things like angel investing, and significant charitable contributions.
Even as you get into the highest levels of wealth this remains true. Sure, those people will have set aside many millions for their heirs -- they aren't dumb -- but they are still consuming like crazy. At those levels it also begins to become more about power and influence. Empire building -- whether its sports, politics or business.
Hey, I mean good for you. I think a lot of self made people keep this kind of stuff in check. They know who they are and where they came form. That said, if you keep earning the way you are right now, its probably your future wife and kids you will have to watch out for. They may not share your penchant for frugality.
I dunno about that.. maybe go huntin' for some food and up come some bubblin' crude.
Oil that is. Black Gold. Texas tea.
I keep seeing this pop up....6 seed, 8 seed, 10 seed, 10 seed....1 win over a pedestrian NC State team.
Pike with 4 straight appearances and 1 win would be Schiano like....beloved but certainly questions about whether he can do more.
Seton Hall is the RU of football after the Big East lost Virginia Tech, Miami and BC....program has improved enough to make the dance, not quite sure how good they actually are playing in the Big East.
Willard was not going anywhere and squeezed more years and money out of SHU...Pike would certainly have earned the same extension at RU in your scenario.
This is one of the real inequities of the tax code that got even worse with the new changes. I’m a partner in a small successful law firm and in a good year I pay almost 50% of my income in federal and state taxes. My friends making the same money in real estate pay next to nothing. Probably sour grapes, but other than the huge lobbying power of big-time real estate, there seems to be no legitimate reason for this disparity.
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anon_0k9zlfz6lz9oy
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Def sour grapes. Heres the very legitimate reason why the government allows real estate to be tax efficient.
the deductions are a result of depreciation, my guess is you dont understand depreciation.
Real estate investors may only depreciate the IMPROVED value of ONLY income producing properties. So what are improvements? Essentially anything that is not raw land. Examples? Kitchen appliances, counters, flooring, paint, vanity, fencing, pavement, carpet, etc. All of the previously mentioned wont just last forever, they will wear and tear and lose value over time and have to be replaced and therefore as a real estate investor you can deduct those either a) over 27.5 or 39 years on a straight line basis for residential or commercial property (stupid) b) implement different forms of accelerated depreciation to speed those times up and receive larger deductions in the early years of ownership (smart)
Most owners opt to accelerate. Now when you accelerate you use up those deductions either in year 1 if using 100% bonus depreciation or within 5 years if you opt to go the cost seg route. Right now most investors are opting to use 100% bonus depreciation and accelerate all the deprecation into year 1 meaning that in year 2 they basically have $0 worth of depreciation to use to deduct against their income UNLESS they go out and dump money into the economy on further making improvements which not only puts $$$$ into the economy but also enhances the quality of living for tenants in our country, a true win-win. Depreciation is here today and will never go away. Hope this helps.
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For someone who is a very good fan and poster you seem obsessed with the narrative that Willard wasn’t really a candidate for Blacksburg. I never thought he was going but I don’t doubt the interest on their part.
I read a lot of boards and have followed coaching changes more than I care to acknowledge. I think the coaching changes, revenue streams for conferences or how things work behind the scenes is more intriguing than the recruiting process or 80% of the football and hoope seasons.
With a couple of contacts i chat with, it's clearer to me when a contract is being negotiated in the press. Certain schools rarely have leaks and others like UCLA, struggle with leaks everywhere, where agents accomplish a goal of using a schools vacancy to help earn more money.
A good SHU can only help RU with their OOC and adds an additional event to the RU calendar. RU is SHU 2nd best Prudential center draw behind Nova and something to look forward to each year.
Agree on the RU sentiments.
Frankly, lots of canards are published on fan sites. I subscribe to the following: those that know don’t talk. Those that talk don’t know.
Never thought I'd see a cost seg discussion on ru basketball board. I dont agree with allowing bonus on acquisitions, that was a giveaway to the real estate community. No need to allow around 20% of an acquisition to be written off the year you buy it.
VTech going to sign Mike Young of Wofford. Better fit for VTech than Willard.
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anon_0k9zlfz6lz9oy
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Why not? It’s gonna be written off within 5 years anyway. It’s just speeding it up to 1 year which encourages high income earners to buy properties and then make improvements. I dont see a rational argument against it.
I know many full time real estate professionals who acquired apartment communities last year ONLY because of 100% bonus depreciation. These are people who werent even going to look at deals unless they were incentivized to do so by uncle sam
I am not ragging on you or taking a personal shot with the point I’m about to make so just know it’s all in good fun:
But in only two pages of a thread you went from arguing $1M more in salary ($2M to $3M) doesn’t improve an individuals quality of life but a landlord replacing a 3 year old dishwasher, putting in a granite counter top, or putting a new coat of paint on a wall improves a tenants quality of life significantly enough to justify this one particular tax break for real estate investment income.
Another school held hostage and forced extend and add money to an existing contract based on the interest of another school. Coaches and their agents play this game very well in football and basketball while AD's take the temperature and capitulate. No wonder college athletes are looking for a piece. Next up Rick Barnes to UCLA. Ante up Tennessee.
Plenty of schools terminate guys with time left on their contracts.
Loyalty is a door that swings both ways.
Market forces dictated that he has outperformed his contract. It's just the nature of the business.
Mike Young IMO is an awful hire for VTech----older guy who has never recruited at the level you need to recruit at to win in the ACC.
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anon_0k9zlfz6lz9oy
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I'm not gonna rag on you here but do you know the difference between apples and oranges?
When you're making $40k a year and living pay check to pay check and your landlord goes out of his/her way to give you new appliances, swap out that ugly shag carpet and throw in some nice vinyl floors, gives you a backsplash, repaints those old ugly walls, yes I am telling you it makes that tenant feel important and feel worth more.
Yeah that ain’t it lol. And just to play along, said in your words, what can someone with a new backsplash do that someone with an old one can’t?
Drop the complex I tried to be nice.
I realize that but they always get paid the remainder of their contract unless they violate some type of behavioral clause. I would be all for a market based system if it worked both ways but it seems very slanted toward the coaches financially which is why their agents love to use whatever leverage they can to create a buzz about their client being in demand. You don't need many P5 gigs to be set financially whether you are successful or not.
Not really-------a D-1 HC salary is not merely made up of a base salary.
There are other avenues by which he earns his money and those he doesn't get when he's fired .
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anon_0k9zlfz6lz9oy
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apples and oranges.
1) Talking about the difference of someone making $2 million vs $3 million a year
2) Talking about someones family who's making $40k a year getting some nice new shit when they're living pay check to pay check.
So is this thread about Kevin Willard or is it about trying to source new real estate investors?
The fact that you think you personally can decide how someone FEELS about their own quality of life is insulting. It’s never a good idea to tell someone how they should feel especially when you are neither party...
You’re also only talking about families and assuming their income which is another issue. Singling out one particular type of renter - even though you’re still wrong.
Anyway, Willard made the right decision.
The original point of bonus depreciation was to improve the economy by giving developers an extra incentive to develop new projects when times were tough (post 9/11, and 2008). New construction has much more benefit (construction jobs, etc.) than transferring a property. Real estate investors are pretty lucky that they can take advantage of depreciation. Trump once said, I love depreciation, and he threw his friend a bone on this one. I'm not saying investors shouldn't take advantage of it, actually they would be stupid not to, but i don't think bonus on acquisitions was the right thing to do, just my opinion.
going back to this, Bob Wenzel was courted by USCe in I think 1993. I heard he was offered and turned it down but no way of knowing if true.
There were no message boards or twitter back then and I remember calling the RU ticket office and asking what was going on . They told me he decided to stay
While at RU, I know Virginia was considering Wenzel at some point.
Also, he was a candidate in Durham before Duke decided on Coach K.
https://www.dukebasketballreport.com/2014/8/13/5997677/espn-asks-what-if-k-had-been-fired
Also, he was a candidate in Durham before Duke decided on Coach K.
https://www.dukebasketballreport.com/2014/8/13/5997677/espn-asks-what-if-k-had-been-fired
Agreed. Mike Young is a nice lower level D1 coach, has had a good career at Wofford. I can’t believe VT hired him, the interest must have been thin.
Even at the reported $3m a year it’s not that attractive a job. Coaches are choking on becoming a hokie.
