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bearishgurl
Participant[quote=sdrealtor]There you go again. One sentence the value is cash flow/cost of ownership and the next sentence it is some underlying mystery value of the property and the area it sits in. You were right the first time. The true value of an asset is the discounted cash flow it generates…[/quote]
I’m sure you must realize that each of those “sentences” refers to a different type of investment :D. Let’s review them briefly, here. One “sentence” refers to purchasing lower-priced older SFR’s as investment property located in what the average Pigg would call a “working-class” area. The other “sentence” refers to a mid-priced or higher-priced SFR that one would purchase for they and their families to live in for a period of years and possibly sell at the time of retirement or “retire” in.
Practically speaking, these two types of “investments” are two completely different animals.
Participant[quote=sdrealtor]There you go again. One sentence the value is cash flow/cost of ownership and the next sentence it is some underlying mystery value of the property and the area it sits in. You were right the first time. The true value of an asset is the discounted cash flow it generates…[/quote]
I’m sure you must realize that each of those “sentences” refers to a different type of investment :D. Let’s review them briefly, here. One “sentence” refers to purchasing lower-priced older SFR’s as investment property located in what the average Pigg would call a “working-class” area. The other “sentence” refers to a mid-priced or higher-priced SFR that one would purchase for they and their families to live in for a period of years and possibly sell at the time of retirement or “retire” in.
Practically speaking, these two types of “investments” are two completely different animals.
Participant[quote=sdrealtor]FWIW I was in SCP house. I would have to pull out every inch of flooring in that house. The pictures look nice but the house has alot more wear and tear on it than they show. Photoshop is a wonderful thing. The SB homes are new construction, turnkey and under 10 year builder warranties.
Monthly payments have everything to do with the value of an asset. Ever heard of discounted cash flows when valuing an asset? Its the same as valuing an investment property but in this case the owner is the source of the rent payments. Someone who has probably never taken college level business courses wouldnt understand that.[/quote]
Sorry to hear you would waste thousands gutting the marble flooring in SCP. There are many ways to refurbish marble flooring but to each his own. The flooring in the SB sold comp is hardly a step up from that. I wouldn’t call the SB REO that JTR is walking thru on his recent video “turnkey.” Far from it, lol ….
FWIW, I’ve taken SEVERAL business courses in college and my one year paralegal course (specializing in Biz Lit and Civil Procedure) was a graduate (500-level) course.
Participant[quote=sdrealtor]FWIW I was in SCP house. I would have to pull out every inch of flooring in that house. The pictures look nice but the house has alot more wear and tear on it than they show. Photoshop is a wonderful thing. The SB homes are new construction, turnkey and under 10 year builder warranties.
Monthly payments have everything to do with the value of an asset. Ever heard of discounted cash flows when valuing an asset? Its the same as valuing an investment property but in this case the owner is the source of the rent payments. Someone who has probably never taken college level business courses wouldnt understand that.[/quote]
Sorry to hear you would waste thousands gutting the marble flooring in SCP. There are many ways to refurbish marble flooring but to each his own. The flooring in the SB sold comp is hardly a step up from that. I wouldn’t call the SB REO that JTR is walking thru on his recent video “turnkey.” Far from it, lol ….
FWIW, I’ve taken SEVERAL business courses in college and my one year paralegal course (specializing in Biz Lit and Civil Procedure) was a graduate (500-level) course.
Participant[quote=sdrealtor]FWIW I was in SCP house. I would have to pull out every inch of flooring in that house. The pictures look nice but the house has alot more wear and tear on it than they show. Photoshop is a wonderful thing. The SB homes are new construction, turnkey and under 10 year builder warranties.
Monthly payments have everything to do with the value of an asset. Ever heard of discounted cash flows when valuing an asset? Its the same as valuing an investment property but in this case the owner is the source of the rent payments. Someone who has probably never taken college level business courses wouldnt understand that.[/quote]
Sorry to hear you would waste thousands gutting the marble flooring in SCP. There are many ways to refurbish marble flooring but to each his own. The flooring in the SB sold comp is hardly a step up from that. I wouldn’t call the SB REO that JTR is walking thru on his recent video “turnkey.” Far from it, lol ….
FWIW, I’ve taken SEVERAL business courses in college and my one year paralegal course (specializing in Biz Lit and Civil Procedure) was a graduate (500-level) course.
Participant[quote=sdrealtor]FWIW I was in SCP house. I would have to pull out every inch of flooring in that house. The pictures look nice but the house has alot more wear and tear on it than they show. Photoshop is a wonderful thing. The SB homes are new construction, turnkey and under 10 year builder warranties.
Monthly payments have everything to do with the value of an asset. Ever heard of discounted cash flows when valuing an asset? Its the same as valuing an investment property but in this case the owner is the source of the rent payments. Someone who has probably never taken college level business courses wouldnt understand that.[/quote]
Sorry to hear you would waste thousands gutting the marble flooring in SCP. There are many ways to refurbish marble flooring but to each his own. The flooring in the SB sold comp is hardly a step up from that. I wouldn’t call the SB REO that JTR is walking thru on his recent video “turnkey.” Far from it, lol ….
FWIW, I’ve taken SEVERAL business courses in college and my one year paralegal course (specializing in Biz Lit and Civil Procedure) was a graduate (500-level) course.
Participant[quote=sdrealtor]FWIW I was in SCP house. I would have to pull out every inch of flooring in that house. The pictures look nice but the house has alot more wear and tear on it than they show. Photoshop is a wonderful thing. The SB homes are new construction, turnkey and under 10 year builder warranties.
Monthly payments have everything to do with the value of an asset. Ever heard of discounted cash flows when valuing an asset? Its the same as valuing an investment property but in this case the owner is the source of the rent payments. Someone who has probably never taken college level business courses wouldnt understand that.[/quote]
Sorry to hear you would waste thousands gutting the marble flooring in SCP. There are many ways to refurbish marble flooring but to each his own. The flooring in the SB sold comp is hardly a step up from that. I wouldn’t call the SB REO that JTR is walking thru on his recent video “turnkey.” Far from it, lol ….
FWIW, I’ve taken SEVERAL business courses in college and my one year paralegal course (specializing in Biz Lit and Civil Procedure) was a graduate (500-level) course.
Participant[quote=sdrealtor]One question BG. You put so much credence into how communities have fared in downturns. Why do you so highly advocate buying investment properties in the portion of SD that has traditionally gotten hit hardest in each cycle?[/quote]
I haven’t advocated buying investment properties necessarily in communities that have been “hit hardest,” just in communities where the “numbers work” for an SFR monthly cash flow (putting 20-30% down). Communities which were ALREADY lower priced PRIOR to the recent “millenium boom/bust cycle” had less distance to fall DURING the cycle. Regardless of whether the prevailing mo rent is/was $1350, $1650 or $1850, they made sense to buy then and they make sense to buy now at a particular price point.
If tenants will pay your mortgage off for you over the years, why do you CARE so much how much the property actually appreciates?
Some of these Piggs here appear to have a “payment shopping mentality” instead of really looking at the underlying value of a property and the area it sits in, as well as what the immediate area has to offer.
Also, I think some might be wrapped up in “excessive sf” when they could easily live in a third of that amount and probably couldn’t afford to furnish 4000-5000 sf :={
Which do YOU think was the better buy here, sdr?? The property in SCP or the one in SB? Or if you’re not so familiar with these areas, how about an (expert) opinion from SDR?
SDR, if you’re around, which do YOU think was the better buy?
Participant[quote=sdrealtor]One question BG. You put so much credence into how communities have fared in downturns. Why do you so highly advocate buying investment properties in the portion of SD that has traditionally gotten hit hardest in each cycle?[/quote]
I haven’t advocated buying investment properties necessarily in communities that have been “hit hardest,” just in communities where the “numbers work” for an SFR monthly cash flow (putting 20-30% down). Communities which were ALREADY lower priced PRIOR to the recent “millenium boom/bust cycle” had less distance to fall DURING the cycle. Regardless of whether the prevailing mo rent is/was $1350, $1650 or $1850, they made sense to buy then and they make sense to buy now at a particular price point.
If tenants will pay your mortgage off for you over the years, why do you CARE so much how much the property actually appreciates?
Some of these Piggs here appear to have a “payment shopping mentality” instead of really looking at the underlying value of a property and the area it sits in, as well as what the immediate area has to offer.
Also, I think some might be wrapped up in “excessive sf” when they could easily live in a third of that amount and probably couldn’t afford to furnish 4000-5000 sf :={
Which do YOU think was the better buy here, sdr?? The property in SCP or the one in SB? Or if you’re not so familiar with these areas, how about an (expert) opinion from SDR?
SDR, if you’re around, which do YOU think was the better buy?
Participant[quote=sdrealtor]One question BG. You put so much credence into how communities have fared in downturns. Why do you so highly advocate buying investment properties in the portion of SD that has traditionally gotten hit hardest in each cycle?[/quote]
I haven’t advocated buying investment properties necessarily in communities that have been “hit hardest,” just in communities where the “numbers work” for an SFR monthly cash flow (putting 20-30% down). Communities which were ALREADY lower priced PRIOR to the recent “millenium boom/bust cycle” had less distance to fall DURING the cycle. Regardless of whether the prevailing mo rent is/was $1350, $1650 or $1850, they made sense to buy then and they make sense to buy now at a particular price point.
If tenants will pay your mortgage off for you over the years, why do you CARE so much how much the property actually appreciates?
Some of these Piggs here appear to have a “payment shopping mentality” instead of really looking at the underlying value of a property and the area it sits in, as well as what the immediate area has to offer.
Also, I think some might be wrapped up in “excessive sf” when they could easily live in a third of that amount and probably couldn’t afford to furnish 4000-5000 sf :={
Which do YOU think was the better buy here, sdr?? The property in SCP or the one in SB? Or if you’re not so familiar with these areas, how about an (expert) opinion from SDR?
SDR, if you’re around, which do YOU think was the better buy?
Participant[quote=sdrealtor]One question BG. You put so much credence into how communities have fared in downturns. Why do you so highly advocate buying investment properties in the portion of SD that has traditionally gotten hit hardest in each cycle?[/quote]
I haven’t advocated buying investment properties necessarily in communities that have been “hit hardest,” just in communities where the “numbers work” for an SFR monthly cash flow (putting 20-30% down). Communities which were ALREADY lower priced PRIOR to the recent “millenium boom/bust cycle” had less distance to fall DURING the cycle. Regardless of whether the prevailing mo rent is/was $1350, $1650 or $1850, they made sense to buy then and they make sense to buy now at a particular price point.
If tenants will pay your mortgage off for you over the years, why do you CARE so much how much the property actually appreciates?
Some of these Piggs here appear to have a “payment shopping mentality” instead of really looking at the underlying value of a property and the area it sits in, as well as what the immediate area has to offer.
Also, I think some might be wrapped up in “excessive sf” when they could easily live in a third of that amount and probably couldn’t afford to furnish 4000-5000 sf :={
Which do YOU think was the better buy here, sdr?? The property in SCP or the one in SB? Or if you’re not so familiar with these areas, how about an (expert) opinion from SDR?
SDR, if you’re around, which do YOU think was the better buy?
Participant[quote=sdrealtor]One question BG. You put so much credence into how communities have fared in downturns. Why do you so highly advocate buying investment properties in the portion of SD that has traditionally gotten hit hardest in each cycle?[/quote]
I haven’t advocated buying investment properties necessarily in communities that have been “hit hardest,” just in communities where the “numbers work” for an SFR monthly cash flow (putting 20-30% down). Communities which were ALREADY lower priced PRIOR to the recent “millenium boom/bust cycle” had less distance to fall DURING the cycle. Regardless of whether the prevailing mo rent is/was $1350, $1650 or $1850, they made sense to buy then and they make sense to buy now at a particular price point.
If tenants will pay your mortgage off for you over the years, why do you CARE so much how much the property actually appreciates?
Some of these Piggs here appear to have a “payment shopping mentality” instead of really looking at the underlying value of a property and the area it sits in, as well as what the immediate area has to offer.
Also, I think some might be wrapped up in “excessive sf” when they could easily live in a third of that amount and probably couldn’t afford to furnish 4000-5000 sf :={
Which do YOU think was the better buy here, sdr?? The property in SCP or the one in SB? Or if you’re not so familiar with these areas, how about an (expert) opinion from SDR?
SDR, if you’re around, which do YOU think was the better buy?
Participant[quote=ocrenter]Jim the Realtor did a post on Stonebridge recently:
http://www.bubbleinfo.com/2011/08/07/stonebridge-estates/%5B/quote%5D
Luv the car tour, ocrenter… thanks for posting :=]
Participant[quote=ocrenter]Jim the Realtor did a post on Stonebridge recently:
http://www.bubbleinfo.com/2011/08/07/stonebridge-estates/%5B/quote%5D
Luv the car tour, ocrenter… thanks for posting :=]
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