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34f3f3f
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?
34f3f3f
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?
34f3f3f
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?
34f3f3f
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?
34f3f3f
ParticipantNice pics. Turn them upside down and you have a great wild fire pic:)
34f3f3f
ParticipantNice pics. Turn them upside down and you have a great wild fire pic:)
34f3f3f
ParticipantNice pics. Turn them upside down and you have a great wild fire pic:)
34f3f3f
ParticipantNice pics. Turn them upside down and you have a great wild fire pic:)
34f3f3f
ParticipantNice pics. Turn them upside down and you have a great wild fire pic:)
34f3f3f
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?
34f3f3f
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?
34f3f3f
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?
34f3f3f
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?
34f3f3f
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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