Forum Replies Created
-
AuthorPosts
-
gn
Participantsurveyor,
It sounds like you’ve been investing in RE for a long time.
1. When you were starting out, how many times did you visit a city before deciding to buy a multi-unit property there ?
2. How did you go about selecting a property manager at that city ?
3. If you are interested in growing your porfolio, would you invest in a city that has the following attributes ?
a. Excellent cash flow
b. Little/no appreciation
In this case, you can use the proceeds from the cash flow to buy additional properties. Is is a good strategy ?Participantsurveyor,
It sounds like you’ve been investing in RE for a long time.
1. When you were starting out, how many times did you visit a city before deciding to buy a multi-unit property there ?
2. How did you go about selecting a property manager at that city ?
3. If you are interested in growing your porfolio, would you invest in a city that has the following attributes ?
a. Excellent cash flow
b. Little/no appreciation
In this case, you can use the proceeds from the cash flow to buy additional properties. Is is a good strategy ?ParticipantQuoted from the Washington Post article:
He was the only bidder.
"This is your lucky day," Jerie Wolicki, a company receptionist, told him amid applause.
The fact that he was the only bidder is very telling. This guy is a knife catcher and he'll get burned.
Lucky ? 🙂
ParticipantQuoted from the Washington Post article:
He was the only bidder.
"This is your lucky day," Jerie Wolicki, a company receptionist, told him amid applause.
The fact that he was the only bidder is very telling. This guy is a knife catcher and he'll get burned.
Lucky ? 🙂
ParticipantIf a property goes to around 25% to 30% ROE, it is considered a good purchase (assuming optimal conditions!).
surveyor, thanks for the formula. Can you elaborate on what you mean by "optimal conditions" ?
Participantkeeping in mind most lenders factor rental income at .75(rent)
Rustico, at one point in time I read in a real estate investment book (I think by Bob Irwin)Â that lenders factor rental income at 0.90 (rent). The 10% is for vacancy & maintenance.
Is the 25% (i.e. 0.75) a recent change (i.e. less than 5 years) ? Or my memory did not serve me correctly ?
ParticipantIn 1989 & 1990, at the peak of the previous real estate boom, many folks thought that California real estate had moved permanently to a higher plateau. Then, the correction came & by the mid-1990 homes are affordable again.
The boom of the last few years is not the first time nor is it the last time. People kept saying: this time it’s different. Well, it’s the same PATTERN, only the details are different.
ParticipantAre you sure about the 70K?
I think the builder dole out incentives according to how hard you negotiate/bargain.Â
ParticipantHow much “stuffs” can one expect to get for $70k worth of upgrades ?
1. Granite for the entire kitchen & all bathrooms ?
2. Travetine flooring ?September 26, 2007 at 1:05 PM in reply to: Carmel Valley – long time flipper house finally sold? #85998Participantpatientlywaiting,
Thanks for posting the floor plan. Some questions: these houses don’t have a living room ? Am I missing something ?
September 25, 2007 at 4:59 PM in reply to: Carmel Valley – long time flipper house finally sold? #85890ParticipantSold for 675k on 9/21
Is this sale considered a "comp destroyer" ?
ParticipantIt works out to the builder’s advantage. Let’s suppose:
A John Doe who has a house in Mira Mesa & wants to sell it & upgrage to a house in 4S ranch in Rancho Bernardo. John wants to sell his house at $600k so he can buy the $850k house in 4S.
John has a hard time selling the house in Mira Mesa b/c it is only worth $550k. The builder agrees to buy it at the inflated price of $600k b/c the sale of the $850k house will net the builder a good profit margin.
The builder then turns around & sell the Mira Mesa house at $530k. Even though this loss cuts into the builder profit, it’s better than lowering the price on the 4S ranch house because:
1. It destroys the “comps” in Mira Mesa not 4S ranch.
2. Avoids upsetting previous buyers in 4S.Obviously, the builders don’t do this for every buyer. The only do it in the cases where the entire deal “pencil out”.
ParticipantSD Realtor,
My earlier posts were not meant to disagree with your post.
I was merely trying to give a graphic representation. To many people, it’s easier to grasp the situation if they can visualize it.
ParticipantDistressed properties in 92009 (Carlsbad).
[img_assist|nid=4762|title=92009|desc=|link=node|align=left|width=466|height=396]
-
AuthorPosts
