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  • February 27, 2008 at 12:11 AM #11938
    Deal Hunter
    Participant

    Ok, here's an interesting article:
    FDIC: Bank reserves not keeping pace with delinquencies

    http://www.inman.com/inmanstories.aspx?ID=66221

    Most notable paragraph from article – "Three FDIC-insured institutions failed in 2007"

    So, the Guru's are all screaming for people to get their money into savings accounts – most notably Suze Orman pushing the TD Ameritrade FDIC insured money market.

    Hmmmm.  Looks like that little 2 acre storage-zoned parcel for $100K in Barstow is looking like a better place to park my money.  Your thoughts?

    February 27, 2008 at 12:51 AM #160539
    NotCranky
    Participant

    Hmmmm. Looks like that little 2 acre storage-zoned parcel for $100K in Barstow is looking like a better place to park my money. Your thoughts?

    Do a really good due diligence/feasibility study, as if you were going to bring about its “highest an best use” even if you intend to leave it vacant. Maybe there is a reason somebody hasn’t built it out already. Maybe some kind of incurable problem is priced in.You probably know this but just because it has the zoning doesn’t mean the use realistically works at the site for some functional or economic reason.

    Once you have has a RE bug it is hard to stop looking. A guy named Deal Hunter must have the bug so you might as well look into it. You always learn something,even if you don’t buy it.

    February 27, 2008 at 12:51 AM #160833
    NotCranky
    Participant

    Hmmmm. Looks like that little 2 acre storage-zoned parcel for $100K in Barstow is looking like a better place to park my money. Your thoughts?

    Do a really good due diligence/feasibility study, as if you were going to bring about its “highest an best use” even if you intend to leave it vacant. Maybe there is a reason somebody hasn’t built it out already. Maybe some kind of incurable problem is priced in.You probably know this but just because it has the zoning doesn’t mean the use realistically works at the site for some functional or economic reason.

    Once you have has a RE bug it is hard to stop looking. A guy named Deal Hunter must have the bug so you might as well look into it. You always learn something,even if you don’t buy it.

    February 27, 2008 at 12:51 AM #160846
    NotCranky
    Participant

    Hmmmm. Looks like that little 2 acre storage-zoned parcel for $100K in Barstow is looking like a better place to park my money. Your thoughts?

    Do a really good due diligence/feasibility study, as if you were going to bring about its “highest an best use” even if you intend to leave it vacant. Maybe there is a reason somebody hasn’t built it out already. Maybe some kind of incurable problem is priced in.You probably know this but just because it has the zoning doesn’t mean the use realistically works at the site for some functional or economic reason.

    Once you have has a RE bug it is hard to stop looking. A guy named Deal Hunter must have the bug so you might as well look into it. You always learn something,even if you don’t buy it.

    February 27, 2008 at 12:51 AM #160866
    NotCranky
    Participant

    Hmmmm. Looks like that little 2 acre storage-zoned parcel for $100K in Barstow is looking like a better place to park my money. Your thoughts?

    Do a really good due diligence/feasibility study, as if you were going to bring about its “highest an best use” even if you intend to leave it vacant. Maybe there is a reason somebody hasn’t built it out already. Maybe some kind of incurable problem is priced in.You probably know this but just because it has the zoning doesn’t mean the use realistically works at the site for some functional or economic reason.

    Once you have has a RE bug it is hard to stop looking. A guy named Deal Hunter must have the bug so you might as well look into it. You always learn something,even if you don’t buy it.

    February 27, 2008 at 12:51 AM #160932
    NotCranky
    Participant

    Hmmmm. Looks like that little 2 acre storage-zoned parcel for $100K in Barstow is looking like a better place to park my money. Your thoughts?

    Do a really good due diligence/feasibility study, as if you were going to bring about its “highest an best use” even if you intend to leave it vacant. Maybe there is a reason somebody hasn’t built it out already. Maybe some kind of incurable problem is priced in.You probably know this but just because it has the zoning doesn’t mean the use realistically works at the site for some functional or economic reason.

    Once you have has a RE bug it is hard to stop looking. A guy named Deal Hunter must have the bug so you might as well look into it. You always learn something,even if you don’t buy it.

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