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September 16, 2010 at 9:00 AM #606367September 16, 2010 at 9:22 AM #605338
briansd1
Guest[quote=investor]Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?[/quote]
That’s how is used to be done… until the easy credit from the banks kicked in.
Not sure that we’ll go back to routine seller financing.
September 16, 2010 at 9:22 AM #605425Guest[quote=investor]Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?[/quote]
That’s how is used to be done… until the easy credit from the banks kicked in.
Not sure that we’ll go back to routine seller financing.
September 16, 2010 at 9:22 AM #605977Guest[quote=investor]Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?[/quote]
That’s how is used to be done… until the easy credit from the banks kicked in.
Not sure that we’ll go back to routine seller financing.
September 16, 2010 at 9:22 AM #606084Guest[quote=investor]Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?[/quote]
That’s how is used to be done… until the easy credit from the banks kicked in.
Not sure that we’ll go back to routine seller financing.
September 16, 2010 at 9:22 AM #606402Guest[quote=investor]Think about being the bank. Buy a house outright. Sell it accepting 15-20% down, with an interest only loan at 5-6 % with pre-payment penalties to protect your profit. Lots of people will have poor credit from foreclosures but still have a job to pay for a home. They take care of the property since they own it and you are protected as long as property prices don’t go lower than your downpayment. At some point, I would be interested in investing in this manner myself in san diego if I had someone whom I trusted that is open to this. Rich- you listening?[/quote]
That’s how is used to be done… until the easy credit from the banks kicked in.
Not sure that we’ll go back to routine seller financing.
September 16, 2010 at 9:51 AM #605348ltokuda
ParticipantYou might be interested in checking out the http://www.irvinehousingblog.com. In case you’re not familiar with it, this blog follows the housing bubble and features a property in Irvine every day.
About a year ago, the author started up a business (“Ideal Home Brokers”) to help people buy homes.
http://www.idealhomebrokers.com/about/
What makes them different from most realtors is that they will generate a “Buy vs. Rent” analysis report for any home you might be interested in purchasing. It is their belief that buying should be cheaper than renting.
Recently, the author went to Vegas and saw many properties that could be bought as rentals and be cash flow positive. He just posted about that yesterday (near the bottom).
His intention is to expand his business to help his clients buy Vegas investment properties at auction. It sounds like this might what you are looking for.
I’ve been following his blog for years now and I think his analysis is pretty good. I haven’t used them as realtors (since I haven’t bought anything yet) but I am impressed with the level of effort they put into educating buyers on what houses should really be worth.
September 16, 2010 at 9:51 AM #605435ParticipantYou might be interested in checking out the http://www.irvinehousingblog.com. In case you’re not familiar with it, this blog follows the housing bubble and features a property in Irvine every day.
About a year ago, the author started up a business (“Ideal Home Brokers”) to help people buy homes.
http://www.idealhomebrokers.com/about/
What makes them different from most realtors is that they will generate a “Buy vs. Rent” analysis report for any home you might be interested in purchasing. It is their belief that buying should be cheaper than renting.
Recently, the author went to Vegas and saw many properties that could be bought as rentals and be cash flow positive. He just posted about that yesterday (near the bottom).
His intention is to expand his business to help his clients buy Vegas investment properties at auction. It sounds like this might what you are looking for.
I’ve been following his blog for years now and I think his analysis is pretty good. I haven’t used them as realtors (since I haven’t bought anything yet) but I am impressed with the level of effort they put into educating buyers on what houses should really be worth.
September 16, 2010 at 9:51 AM #605987ParticipantYou might be interested in checking out the http://www.irvinehousingblog.com. In case you’re not familiar with it, this blog follows the housing bubble and features a property in Irvine every day.
About a year ago, the author started up a business (“Ideal Home Brokers”) to help people buy homes.
http://www.idealhomebrokers.com/about/
What makes them different from most realtors is that they will generate a “Buy vs. Rent” analysis report for any home you might be interested in purchasing. It is their belief that buying should be cheaper than renting.
Recently, the author went to Vegas and saw many properties that could be bought as rentals and be cash flow positive. He just posted about that yesterday (near the bottom).
His intention is to expand his business to help his clients buy Vegas investment properties at auction. It sounds like this might what you are looking for.
I’ve been following his blog for years now and I think his analysis is pretty good. I haven’t used them as realtors (since I haven’t bought anything yet) but I am impressed with the level of effort they put into educating buyers on what houses should really be worth.
September 16, 2010 at 9:51 AM #606094ParticipantYou might be interested in checking out the http://www.irvinehousingblog.com. In case you’re not familiar with it, this blog follows the housing bubble and features a property in Irvine every day.
About a year ago, the author started up a business (“Ideal Home Brokers”) to help people buy homes.
http://www.idealhomebrokers.com/about/
What makes them different from most realtors is that they will generate a “Buy vs. Rent” analysis report for any home you might be interested in purchasing. It is their belief that buying should be cheaper than renting.
Recently, the author went to Vegas and saw many properties that could be bought as rentals and be cash flow positive. He just posted about that yesterday (near the bottom).
His intention is to expand his business to help his clients buy Vegas investment properties at auction. It sounds like this might what you are looking for.
I’ve been following his blog for years now and I think his analysis is pretty good. I haven’t used them as realtors (since I haven’t bought anything yet) but I am impressed with the level of effort they put into educating buyers on what houses should really be worth.
September 16, 2010 at 9:51 AM #606412ParticipantYou might be interested in checking out the http://www.irvinehousingblog.com. In case you’re not familiar with it, this blog follows the housing bubble and features a property in Irvine every day.
About a year ago, the author started up a business (“Ideal Home Brokers”) to help people buy homes.
http://www.idealhomebrokers.com/about/
What makes them different from most realtors is that they will generate a “Buy vs. Rent” analysis report for any home you might be interested in purchasing. It is their belief that buying should be cheaper than renting.
Recently, the author went to Vegas and saw many properties that could be bought as rentals and be cash flow positive. He just posted about that yesterday (near the bottom).
His intention is to expand his business to help his clients buy Vegas investment properties at auction. It sounds like this might what you are looking for.
I’ve been following his blog for years now and I think his analysis is pretty good. I haven’t used them as realtors (since I haven’t bought anything yet) but I am impressed with the level of effort they put into educating buyers on what houses should really be worth.
September 16, 2010 at 9:57 AM #605353sdrealtor
ParticipantBe cautious with someone like that as there is a big difference between blogging about housing and understanding the nuts and bolts of real estate transactons. I find it ironic when someone who is so anti housing realizes there is no money to be made in what they are doing and sooner or later they become the very people they have spent years demonizing. From what i have seen they havent been sucessful in their transitions. Powayseller?Mr. Mortgage? There are a few others but those immediately come to mind. Sooner or later we’ll see Ben Jones Realty & Mortgage.
FWIW, a buy vs rent calculation can be found just about anywhere on line.
September 16, 2010 at 9:57 AM #605440ParticipantBe cautious with someone like that as there is a big difference between blogging about housing and understanding the nuts and bolts of real estate transactons. I find it ironic when someone who is so anti housing realizes there is no money to be made in what they are doing and sooner or later they become the very people they have spent years demonizing. From what i have seen they havent been sucessful in their transitions. Powayseller?Mr. Mortgage? There are a few others but those immediately come to mind. Sooner or later we’ll see Ben Jones Realty & Mortgage.
FWIW, a buy vs rent calculation can be found just about anywhere on line.
September 16, 2010 at 9:57 AM #605992ParticipantBe cautious with someone like that as there is a big difference between blogging about housing and understanding the nuts and bolts of real estate transactons. I find it ironic when someone who is so anti housing realizes there is no money to be made in what they are doing and sooner or later they become the very people they have spent years demonizing. From what i have seen they havent been sucessful in their transitions. Powayseller?Mr. Mortgage? There are a few others but those immediately come to mind. Sooner or later we’ll see Ben Jones Realty & Mortgage.
FWIW, a buy vs rent calculation can be found just about anywhere on line.
September 16, 2010 at 9:57 AM #606099ParticipantBe cautious with someone like that as there is a big difference between blogging about housing and understanding the nuts and bolts of real estate transactons. I find it ironic when someone who is so anti housing realizes there is no money to be made in what they are doing and sooner or later they become the very people they have spent years demonizing. From what i have seen they havent been sucessful in their transitions. Powayseller?Mr. Mortgage? There are a few others but those immediately come to mind. Sooner or later we’ll see Ben Jones Realty & Mortgage.
FWIW, a buy vs rent calculation can be found just about anywhere on line.
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