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La Jolla Renter
Participant20% spanking in Seahaus… it is just getting started.
http://www.sdlookup.com/MLS-080048776-5460_La_Jolla_Blvd_G102_La_Jolla_Ca_92037
Factor in all the costs and it is probably a 30% loss to this, I assume, flipper.
ParticipantGood call SD_Coastal… that’s the business plan of the Raw Raw MLM gurus…
Buy a fat pad… no money down, get cash at closing, lease a $100k Mercedes, use extra cash to go to the MLM seminars in Cancun etc. Got to look the part!
What a great business plan… I think your odds are better at winning the lottery than making millions in MLM.
ParticipantGood call SD_Coastal… that’s the business plan of the Raw Raw MLM gurus…
Buy a fat pad… no money down, get cash at closing, lease a $100k Mercedes, use extra cash to go to the MLM seminars in Cancun etc. Got to look the part!
What a great business plan… I think your odds are better at winning the lottery than making millions in MLM.
ParticipantGood call SD_Coastal… that’s the business plan of the Raw Raw MLM gurus…
Buy a fat pad… no money down, get cash at closing, lease a $100k Mercedes, use extra cash to go to the MLM seminars in Cancun etc. Got to look the part!
What a great business plan… I think your odds are better at winning the lottery than making millions in MLM.
ParticipantGood call SD_Coastal… that’s the business plan of the Raw Raw MLM gurus…
Buy a fat pad… no money down, get cash at closing, lease a $100k Mercedes, use extra cash to go to the MLM seminars in Cancun etc. Got to look the part!
What a great business plan… I think your odds are better at winning the lottery than making millions in MLM.
ParticipantGood call SD_Coastal… that’s the business plan of the Raw Raw MLM gurus…
Buy a fat pad… no money down, get cash at closing, lease a $100k Mercedes, use extra cash to go to the MLM seminars in Cancun etc. Got to look the part!
What a great business plan… I think your odds are better at winning the lottery than making millions in MLM.
ParticipantThis house was a spec house by Armstrong construction.
I remember it sat on the market for a long long time before this couple bought it. I would say they paid top retail dollar at $1.7M, even in 2005. At that price, Armstrong probably cleared a 1/2 Million in profit.
Can anyone tell what they put down? I would love to see the complete story and follow the entire money trail.
Rags to Riches (perceived) to Rags.
ParticipantThis house was a spec house by Armstrong construction.
I remember it sat on the market for a long long time before this couple bought it. I would say they paid top retail dollar at $1.7M, even in 2005. At that price, Armstrong probably cleared a 1/2 Million in profit.
Can anyone tell what they put down? I would love to see the complete story and follow the entire money trail.
Rags to Riches (perceived) to Rags.
ParticipantThis house was a spec house by Armstrong construction.
I remember it sat on the market for a long long time before this couple bought it. I would say they paid top retail dollar at $1.7M, even in 2005. At that price, Armstrong probably cleared a 1/2 Million in profit.
Can anyone tell what they put down? I would love to see the complete story and follow the entire money trail.
Rags to Riches (perceived) to Rags.
ParticipantThis house was a spec house by Armstrong construction.
I remember it sat on the market for a long long time before this couple bought it. I would say they paid top retail dollar at $1.7M, even in 2005. At that price, Armstrong probably cleared a 1/2 Million in profit.
Can anyone tell what they put down? I would love to see the complete story and follow the entire money trail.
Rags to Riches (perceived) to Rags.
ParticipantThis house was a spec house by Armstrong construction.
I remember it sat on the market for a long long time before this couple bought it. I would say they paid top retail dollar at $1.7M, even in 2005. At that price, Armstrong probably cleared a 1/2 Million in profit.
Can anyone tell what they put down? I would love to see the complete story and follow the entire money trail.
Rags to Riches (perceived) to Rags.
July 29, 2008 at 4:55 PM in reply to: La Jolla SFRs at $583/Sqft. last month. Condos also drop over 45% in Price #248952ParticipantOn thing to remember about the business savvy La Jolla homeowners:
They will cut and run as soon as they can if it makes business sense. There are probably hundreds of homeowners in La Jolla that are meeting with their CPAs and attorneys right now, plotting an exit strategy.
If they can get out, why wouldn’t they.
I know a condo investor/attorney that let multiple condos in La Jolla go into default because they want to renegotiate with the lender. They claim it was a voluntary move, not a cash flow problem.
Sophisticated business people do not need a 750+ credit score. It is a nice to have, but not a must have. Trash their credit for a couple years to cut a $1M loss… you bet they would.
July 29, 2008 at 4:55 PM in reply to: La Jolla SFRs at $583/Sqft. last month. Condos also drop over 45% in Price #248960ParticipantOn thing to remember about the business savvy La Jolla homeowners:
They will cut and run as soon as they can if it makes business sense. There are probably hundreds of homeowners in La Jolla that are meeting with their CPAs and attorneys right now, plotting an exit strategy.
If they can get out, why wouldn’t they.
I know a condo investor/attorney that let multiple condos in La Jolla go into default because they want to renegotiate with the lender. They claim it was a voluntary move, not a cash flow problem.
Sophisticated business people do not need a 750+ credit score. It is a nice to have, but not a must have. Trash their credit for a couple years to cut a $1M loss… you bet they would.
July 29, 2008 at 4:55 PM in reply to: La Jolla SFRs at $583/Sqft. last month. Condos also drop over 45% in Price #249020ParticipantOn thing to remember about the business savvy La Jolla homeowners:
They will cut and run as soon as they can if it makes business sense. There are probably hundreds of homeowners in La Jolla that are meeting with their CPAs and attorneys right now, plotting an exit strategy.
If they can get out, why wouldn’t they.
I know a condo investor/attorney that let multiple condos in La Jolla go into default because they want to renegotiate with the lender. They claim it was a voluntary move, not a cash flow problem.
Sophisticated business people do not need a 750+ credit score. It is a nice to have, but not a must have. Trash their credit for a couple years to cut a $1M loss… you bet they would.
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