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ParticipantPolitical pressure to hold back foreclosures? My take is that the banks are pretty much in control. As mch as I am loathe to admit it, I think Mr O’Toole is right, in that there won’t be a tsunami of foreclosures hitting the market. If equilibrium has been achieved then more may come onto the market, but prices won’t be as volatile.
TG, 25% increase in prices? What about the mid to high end?
ParticipantPolitical pressure to hold back foreclosures? My take is that the banks are pretty much in control. As mch as I am loathe to admit it, I think Mr O’Toole is right, in that there won’t be a tsunami of foreclosures hitting the market. If equilibrium has been achieved then more may come onto the market, but prices won’t be as volatile.
TG, 25% increase in prices? What about the mid to high end?
ParticipantPolitical pressure to hold back foreclosures? My take is that the banks are pretty much in control. As mch as I am loathe to admit it, I think Mr O’Toole is right, in that there won’t be a tsunami of foreclosures hitting the market. If equilibrium has been achieved then more may come onto the market, but prices won’t be as volatile.
TG, 25% increase in prices? What about the mid to high end?
ParticipantPolitical pressure to hold back foreclosures? My take is that the banks are pretty much in control. As mch as I am loathe to admit it, I think Mr O’Toole is right, in that there won’t be a tsunami of foreclosures hitting the market. If equilibrium has been achieved then more may come onto the market, but prices won’t be as volatile.
TG, 25% increase in prices? What about the mid to high end?
ParticipantNice pics. Turn them upside down and you have a great wild fire pic:)
ParticipantNice pics. Turn them upside down and you have a great wild fire pic:)
ParticipantNice pics. Turn them upside down and you have a great wild fire pic:)
ParticipantNice pics. Turn them upside down and you have a great wild fire pic:)
ParticipantNice pics. Turn them upside down and you have a great wild fire pic:)
Participant[quote=clearfund]Not sure who this group is, however, If you know what you are doing you can achieve very high returns averaging in excess of 20%/year based on a reasonable workout. Given the size of the loan purchases, and the need to diversify, the best approach is to invest via a fund or pooled investment with an experienced management team.
With our funds/clients we have been buying non performing loans (mainly commercial property) in CA/AZ/NV and performing loans at steep discounts to the unpaid balance (these get us high current yield). Examples: Office building in Phoenix $8mm NON PERFORMING loan for $2mm; $4mm PERFORMING loan for $2.5mm
It is the best way to access the property market at a good discount to value and avoid the games/competition at the ‘retail’ level. We only buy ‘off market’ loans from local/regional lenders as the values are best.
2010 will be the sweet spot for buying loans at a sizable discount to the underlying property’s current value…[/quote]
When you say access the property, do you mean take title, and is that your goal?
Participant[quote=clearfund]Not sure who this group is, however, If you know what you are doing you can achieve very high returns averaging in excess of 20%/year based on a reasonable workout. Given the size of the loan purchases, and the need to diversify, the best approach is to invest via a fund or pooled investment with an experienced management team.
With our funds/clients we have been buying non performing loans (mainly commercial property) in CA/AZ/NV and performing loans at steep discounts to the unpaid balance (these get us high current yield). Examples: Office building in Phoenix $8mm NON PERFORMING loan for $2mm; $4mm PERFORMING loan for $2.5mm
It is the best way to access the property market at a good discount to value and avoid the games/competition at the ‘retail’ level. We only buy ‘off market’ loans from local/regional lenders as the values are best.
2010 will be the sweet spot for buying loans at a sizable discount to the underlying property’s current value…[/quote]
When you say access the property, do you mean take title, and is that your goal?
Participant[quote=clearfund]Not sure who this group is, however, If you know what you are doing you can achieve very high returns averaging in excess of 20%/year based on a reasonable workout. Given the size of the loan purchases, and the need to diversify, the best approach is to invest via a fund or pooled investment with an experienced management team.
With our funds/clients we have been buying non performing loans (mainly commercial property) in CA/AZ/NV and performing loans at steep discounts to the unpaid balance (these get us high current yield). Examples: Office building in Phoenix $8mm NON PERFORMING loan for $2mm; $4mm PERFORMING loan for $2.5mm
It is the best way to access the property market at a good discount to value and avoid the games/competition at the ‘retail’ level. We only buy ‘off market’ loans from local/regional lenders as the values are best.
2010 will be the sweet spot for buying loans at a sizable discount to the underlying property’s current value…[/quote]
When you say access the property, do you mean take title, and is that your goal?
Participant[quote=clearfund]Not sure who this group is, however, If you know what you are doing you can achieve very high returns averaging in excess of 20%/year based on a reasonable workout. Given the size of the loan purchases, and the need to diversify, the best approach is to invest via a fund or pooled investment with an experienced management team.
With our funds/clients we have been buying non performing loans (mainly commercial property) in CA/AZ/NV and performing loans at steep discounts to the unpaid balance (these get us high current yield). Examples: Office building in Phoenix $8mm NON PERFORMING loan for $2mm; $4mm PERFORMING loan for $2.5mm
It is the best way to access the property market at a good discount to value and avoid the games/competition at the ‘retail’ level. We only buy ‘off market’ loans from local/regional lenders as the values are best.
2010 will be the sweet spot for buying loans at a sizable discount to the underlying property’s current value…[/quote]
When you say access the property, do you mean take title, and is that your goal?
Participant[quote=clearfund]Not sure who this group is, however, If you know what you are doing you can achieve very high returns averaging in excess of 20%/year based on a reasonable workout. Given the size of the loan purchases, and the need to diversify, the best approach is to invest via a fund or pooled investment with an experienced management team.
With our funds/clients we have been buying non performing loans (mainly commercial property) in CA/AZ/NV and performing loans at steep discounts to the unpaid balance (these get us high current yield). Examples: Office building in Phoenix $8mm NON PERFORMING loan for $2mm; $4mm PERFORMING loan for $2.5mm
It is the best way to access the property market at a good discount to value and avoid the games/competition at the ‘retail’ level. We only buy ‘off market’ loans from local/regional lenders as the values are best.
2010 will be the sweet spot for buying loans at a sizable discount to the underlying property’s current value…[/quote]
When you say access the property, do you mean take title, and is that your goal?
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