Cash Flow Positive in PB – Piggington's Econo-Almanac

This topic has 30 replies, 7 voices, and was last updated 15 years ago by contraman.

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- March 7, 2008 at 3:27 PM #12024
  
  Raybyrnes
  Participant
  
  2 by 2 in PB for 279065
  
  http://www.trulia.com/foreclosure/2000769441–Riviera-Dr-3-San-Diego-CA
  
  Starting to look attractive as a Investmenn Property. No idea what the actual condiotn of the property is but if you assume that it is in OK shape then this begins to pencil out as a rental.
- March 7, 2008 at 4:07 PM #165723
  
  recordsclerk
  Participant
  
  It’s an aution and that is the starting bid.
- March 7, 2008 at 4:07 PM #166038
  
  recordsclerk
  Participant
  
  It’s an aution and that is the starting bid.
- March 7, 2008 at 4:07 PM #166046
  
  recordsclerk
  Participant
  
  It’s an aution and that is the starting bid.
- March 7, 2008 at 4:07 PM #166049
  
  recordsclerk
  Participant
  
  It’s an aution and that is the starting bid.
- March 7, 2008 at 4:07 PM #166137
  
  recordsclerk
  Participant
  
  It’s an aution and that is the starting bid.
- March 7, 2008 at 5:29 PM #165801
  
  jpinpb
  Participant
  
  It says This property will be auctioned at public sale on Feb 19,…
  The only listing I saw on SDLookup was this:
  MLS# 076047393
  3745 Riviera Dr #3
  Price: $499,000
  Status: Active
  Assoc. Fee: $325 Monthly
  Beds/Baths: 2 / 2
  Square Feet: 947 sf
  PPSF: $527
  Listed: 06/12/2007
  
  Other ones on that street were listed for much, much higher.
  - March 7, 2008 at 10:53 PM #165945
    
    Multiplepropertyowner
    Participant
    
    Do you know where I can get a neg-am loan so I can get in on the bidding. Of course it will need to be 110% financing.
    - March 8, 2008 at 8:02 PM #166111
      
      contraman
      Participant
      
      Multiprop,
      
      We may be able to help you with that neg-am loan, but the max we can go is 100%. Let me check with this group of indigenous people in Africa and see if they want to buy it with their pension fund.
      
      I am sure for enough money (oh….I mean fees) I can get one of the RAPING AGENCIES to classify it as AAA for us so that we can get 300 bps for it….
      
      Then we can make up something else to protect the high grade AAA mortgage from going down in value and sell that too….
      
      This is genius! Do you think it will work?
      
      Sincerely, Contraman
    - March 8, 2008 at 8:02 PM #166428
      
      contraman
      Participant
      
      Multiprop,
      
      We may be able to help you with that neg-am loan, but the max we can go is 100%. Let me check with this group of indigenous people in Africa and see if they want to buy it with their pension fund.
      
      I am sure for enough money (oh….I mean fees) I can get one of the RAPING AGENCIES to classify it as AAA for us so that we can get 300 bps for it….
      
      Then we can make up something else to protect the high grade AAA mortgage from going down in value and sell that too….
      
      This is genius! Do you think it will work?
      
      Sincerely, Contraman
    - March 8, 2008 at 8:02 PM #166436
      
      contraman
      Participant
      
      Multiprop,
      
      We may be able to help you with that neg-am loan, but the max we can go is 100%. Let me check with this group of indigenous people in Africa and see if they want to buy it with their pension fund.
      
      I am sure for enough money (oh….I mean fees) I can get one of the RAPING AGENCIES to classify it as AAA for us so that we can get 300 bps for it….
      
      Then we can make up something else to protect the high grade AAA mortgage from going down in value and sell that too….
      
      This is genius! Do you think it will work?
      
      Sincerely, Contraman
    - March 8, 2008 at 8:02 PM #166439
      
      contraman
      Participant
      
      Multiprop,
      
      We may be able to help you with that neg-am loan, but the max we can go is 100%. Let me check with this group of indigenous people in Africa and see if they want to buy it with their pension fund.
      
      I am sure for enough money (oh….I mean fees) I can get one of the RAPING AGENCIES to classify it as AAA for us so that we can get 300 bps for it….
      
      Then we can make up something else to protect the high grade AAA mortgage from going down in value and sell that too….
      
      This is genius! Do you think it will work?
      
      Sincerely, Contraman
    - March 8, 2008 at 8:02 PM #166531
      
      contraman
      Participant
      
      Multiprop,
      
      We may be able to help you with that neg-am loan, but the max we can go is 100%. Let me check with this group of indigenous people in Africa and see if they want to buy it with their pension fund.
      
      I am sure for enough money (oh….I mean fees) I can get one of the RAPING AGENCIES to classify it as AAA for us so that we can get 300 bps for it….
      
      Then we can make up something else to protect the high grade AAA mortgage from going down in value and sell that too….
      
      This is genius! Do you think it will work?
      
      Sincerely, Contraman
  - March 7, 2008 at 10:53 PM #166264
    
    Multiplepropertyowner
    Participant
    
    Do you know where I can get a neg-am loan so I can get in on the bidding. Of course it will need to be 110% financing.
  - March 7, 2008 at 10:53 PM #166271
    
    Multiplepropertyowner
    Participant
    
    Do you know where I can get a neg-am loan so I can get in on the bidding. Of course it will need to be 110% financing.
  - March 7, 2008 at 10:53 PM #166275
    
    Multiplepropertyowner
    Participant
    
    Do you know where I can get a neg-am loan so I can get in on the bidding. Of course it will need to be 110% financing.
  - March 7, 2008 at 10:53 PM #166362
    
    Multiplepropertyowner
    Participant
    
    Do you know where I can get a neg-am loan so I can get in on the bidding. Of course it will need to be 110% financing.
  - March 8, 2008 at 8:22 AM #165990
    
    Ren
    Participant
    
    LOL at $325 HOA. The rent will cover that part, at least.
    - March 8, 2008 at 3:15 PM #166040
      
      Anonymous
      Guest
      
      I wouldn’t trust everything you see on those sites. I was on realtytrak the other day and saw a condo on their map that was supposedly right by the water in PB, it turned out to actually be a condo from a highrise in downtown.
    - March 8, 2008 at 3:15 PM #166360
      
      Anonymous
      Guest
      
      I wouldn’t trust everything you see on those sites. I was on realtytrak the other day and saw a condo on their map that was supposedly right by the water in PB, it turned out to actually be a condo from a highrise in downtown.
    - March 8, 2008 at 3:15 PM #166366
      
      Anonymous
      Guest
      
      I wouldn’t trust everything you see on those sites. I was on realtytrak the other day and saw a condo on their map that was supposedly right by the water in PB, it turned out to actually be a condo from a highrise in downtown.
    - March 8, 2008 at 3:15 PM #166370
      
      Anonymous
      Guest
      
      I wouldn’t trust everything you see on those sites. I was on realtytrak the other day and saw a condo on their map that was supposedly right by the water in PB, it turned out to actually be a condo from a highrise in downtown.
    - March 8, 2008 at 3:15 PM #166460
      
      Anonymous
      Guest
      
      I wouldn’t trust everything you see on those sites. I was on realtytrak the other day and saw a condo on their map that was supposedly right by the water in PB, it turned out to actually be a condo from a highrise in downtown.
  - March 8, 2008 at 8:22 AM #166309
    
    Ren
    Participant
    
    LOL at $325 HOA. The rent will cover that part, at least.
  - March 8, 2008 at 8:22 AM #166316
    
    Ren
    Participant
    
    LOL at $325 HOA. The rent will cover that part, at least.
  - March 8, 2008 at 8:22 AM #166320
    
    Ren
    Participant
    
    LOL at $325 HOA. The rent will cover that part, at least.
  - March 8, 2008 at 8:22 AM #166408
    
    Ren
    Participant
    
    LOL at $325 HOA. The rent will cover that part, at least.
- March 7, 2008 at 5:29 PM #166118
  
  jpinpb
  Participant
  
  It says This property will be auctioned at public sale on Feb 19,…
  The only listing I saw on SDLookup was this:
  MLS# 076047393
  3745 Riviera Dr #3
  Price: $499,000
  Status: Active
  Assoc. Fee: $325 Monthly
  Beds/Baths: 2 / 2
  Square Feet: 947 sf
  PPSF: $527
  Listed: 06/12/2007
  
  Other ones on that street were listed for much, much higher.
- March 7, 2008 at 5:29 PM #166125
  
  jpinpb
  Participant
  
  It says This property will be auctioned at public sale on Feb 19,…
  The only listing I saw on SDLookup was this:
  MLS# 076047393
  3745 Riviera Dr #3
  Price: $499,000
  Status: Active
  Assoc. Fee: $325 Monthly
  Beds/Baths: 2 / 2
  Square Feet: 947 sf
  PPSF: $527
  Listed: 06/12/2007
  
  Other ones on that street were listed for much, much higher.
- March 7, 2008 at 5:29 PM #166129
  
  jpinpb
  Participant
  
  It says This property will be auctioned at public sale on Feb 19,…
  The only listing I saw on SDLookup was this:
  MLS# 076047393
  3745 Riviera Dr #3
  Price: $499,000
  Status: Active
  Assoc. Fee: $325 Monthly
  Beds/Baths: 2 / 2
  Square Feet: 947 sf
  PPSF: $527
  Listed: 06/12/2007
  
  Other ones on that street were listed for much, much higher.
- March 7, 2008 at 5:29 PM #166217
  
  jpinpb
  Participant
  
  It says This property will be auctioned at public sale on Feb 19,…
  The only listing I saw on SDLookup was this:
  MLS# 076047393
  3745 Riviera Dr #3
  Price: $499,000
  Status: Active
  Assoc. Fee: $325 Monthly
  Beds/Baths: 2 / 2
  Square Feet: 947 sf
  PPSF: $527
  Listed: 06/12/2007
  
  Other ones on that street were listed for much, much higher.
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