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NotCranky
ParticipantSDR,
It is a beautiful day…gotta be careful though, the last time I was bragging about our beautiful Santa Ana conditions 30 minutes later those conflagrations busted loose.ParticipantIt depends on what you mean by make money. IF you are really a buy and hold investor you might follow the lead of a friend of mine who has recently picked up places in bakersfield and Indio. It’s small tiem but my friend ahs made a nice portfolio of rentals over the last 20 years.You owe me because I am going to get snickered off the blog for that.
He purchased a duplex in Bakersfield and added a bedroom and bath to one unit and is now several hundred cash positive,less opportunity cost. I throw the opportunity cost in because it seems like everyone else here demands it. Since it is a very long term investment, with most the rewards, historically coming in the latter years,I don’t worry about an opportunity cost if it cash flows well.
Recently he bought a 3-2 in Indio for 175k 20% down. He can rent it for $1500. You can do the math. He thinks he can flip it but isn’t counting on it. I have my doubts on the flip but I know he can handle the rental.
There is one property in San Diego county that I would pitch to anyone interested in a splittable rural lot.Because I would buy it if I didn’t have other plans,well, and if I could handle the cash flow to develope it. I think it is necessary to think long term and gamble on rational market theories to make the connection to the profitability potential. Give me a buyer’s brokers contract and I will show it to you.Actually it just went off the market but give me the contract and I’ll contact the owners who would probably still sell if you want it. I want to make sure you have straitened up your act before I am too nice to you. You wouldn’t want me to represent us piggs as some kind of a doormat would you?
ParticipantIt depends on what you mean by make money. IF you are really a buy and hold investor you might follow the lead of a friend of mine who has recently picked up places in bakersfield and Indio. It’s small tiem but my friend ahs made a nice portfolio of rentals over the last 20 years.You owe me because I am going to get snickered off the blog for that.
He purchased a duplex in Bakersfield and added a bedroom and bath to one unit and is now several hundred cash positive,less opportunity cost. I throw the opportunity cost in because it seems like everyone else here demands it. Since it is a very long term investment, with most the rewards, historically coming in the latter years,I don’t worry about an opportunity cost if it cash flows well.
Recently he bought a 3-2 in Indio for 175k 20% down. He can rent it for $1500. You can do the math. He thinks he can flip it but isn’t counting on it. I have my doubts on the flip but I know he can handle the rental.
There is one property in San Diego county that I would pitch to anyone interested in a splittable rural lot.Because I would buy it if I didn’t have other plans,well, and if I could handle the cash flow to develope it. I think it is necessary to think long term and gamble on rational market theories to make the connection to the profitability potential. Give me a buyer’s brokers contract and I will show it to you.Actually it just went off the market but give me the contract and I’ll contact the owners who would probably still sell if you want it. I want to make sure you have straitened up your act before I am too nice to you. You wouldn’t want me to represent us piggs as some kind of a doormat would you?
ParticipantIt depends on what you mean by make money. IF you are really a buy and hold investor you might follow the lead of a friend of mine who has recently picked up places in bakersfield and Indio. It’s small tiem but my friend ahs made a nice portfolio of rentals over the last 20 years.You owe me because I am going to get snickered off the blog for that.
He purchased a duplex in Bakersfield and added a bedroom and bath to one unit and is now several hundred cash positive,less opportunity cost. I throw the opportunity cost in because it seems like everyone else here demands it. Since it is a very long term investment, with most the rewards, historically coming in the latter years,I don’t worry about an opportunity cost if it cash flows well.
Recently he bought a 3-2 in Indio for 175k 20% down. He can rent it for $1500. You can do the math. He thinks he can flip it but isn’t counting on it. I have my doubts on the flip but I know he can handle the rental.
There is one property in San Diego county that I would pitch to anyone interested in a splittable rural lot.Because I would buy it if I didn’t have other plans,well, and if I could handle the cash flow to develope it. I think it is necessary to think long term and gamble on rational market theories to make the connection to the profitability potential. Give me a buyer’s brokers contract and I will show it to you.Actually it just went off the market but give me the contract and I’ll contact the owners who would probably still sell if you want it. I want to make sure you have straitened up your act before I am too nice to you. You wouldn’t want me to represent us piggs as some kind of a doormat would you?
ParticipantIt depends on what you mean by make money. IF you are really a buy and hold investor you might follow the lead of a friend of mine who has recently picked up places in bakersfield and Indio. It’s small tiem but my friend ahs made a nice portfolio of rentals over the last 20 years.You owe me because I am going to get snickered off the blog for that.
He purchased a duplex in Bakersfield and added a bedroom and bath to one unit and is now several hundred cash positive,less opportunity cost. I throw the opportunity cost in because it seems like everyone else here demands it. Since it is a very long term investment, with most the rewards, historically coming in the latter years,I don’t worry about an opportunity cost if it cash flows well.
Recently he bought a 3-2 in Indio for 175k 20% down. He can rent it for $1500. You can do the math. He thinks he can flip it but isn’t counting on it. I have my doubts on the flip but I know he can handle the rental.
There is one property in San Diego county that I would pitch to anyone interested in a splittable rural lot.Because I would buy it if I didn’t have other plans,well, and if I could handle the cash flow to develope it. I think it is necessary to think long term and gamble on rational market theories to make the connection to the profitability potential. Give me a buyer’s brokers contract and I will show it to you.Actually it just went off the market but give me the contract and I’ll contact the owners who would probably still sell if you want it. I want to make sure you have straitened up your act before I am too nice to you. You wouldn’t want me to represent us piggs as some kind of a doormat would you?
ParticipantIt depends on what you mean by make money. IF you are really a buy and hold investor you might follow the lead of a friend of mine who has recently picked up places in bakersfield and Indio. It’s small tiem but my friend ahs made a nice portfolio of rentals over the last 20 years.You owe me because I am going to get snickered off the blog for that.
He purchased a duplex in Bakersfield and added a bedroom and bath to one unit and is now several hundred cash positive,less opportunity cost. I throw the opportunity cost in because it seems like everyone else here demands it. Since it is a very long term investment, with most the rewards, historically coming in the latter years,I don’t worry about an opportunity cost if it cash flows well.
Recently he bought a 3-2 in Indio for 175k 20% down. He can rent it for $1500. You can do the math. He thinks he can flip it but isn’t counting on it. I have my doubts on the flip but I know he can handle the rental.
There is one property in San Diego county that I would pitch to anyone interested in a splittable rural lot.Because I would buy it if I didn’t have other plans,well, and if I could handle the cash flow to develope it. I think it is necessary to think long term and gamble on rational market theories to make the connection to the profitability potential. Give me a buyer’s brokers contract and I will show it to you.Actually it just went off the market but give me the contract and I’ll contact the owners who would probably still sell if you want it. I want to make sure you have straitened up your act before I am too nice to you. You wouldn’t want me to represent us piggs as some kind of a doormat would you?
ParticipantChris,
Maybe the OP doesn’t share any feelings of humiliation with us if he has them? One would think it can’t be an easy situation. He did lose some money, time and energy.I am not saying it was right or wrong, but some of us have learned to feel a sense of failure when we get into things that don’t work out. I guess that keeps us for, the most part, on the strait and narrow. We dig deeper into the the possibility of success and failure. When things look bad we deal with them before we become “victims”.Everything isn’t an “accident” or someone else’s fault. We make “mistakes” now and then. We take our lumps and smooth them out ourselves. I have seen that those traits pay more dividends(of all kinds) in the long run. I think most Piggs have them, regardless of our different styles and approaches. I have actually thought about this as related to your style of trading quite some time back. I doubt you could do what you do with out being really tough this way.
I have friends who are going to “walk” from a loan or maybe even be forced out of the deal. As someone else posted, they will still be my friends. We do all make “mistakes”.SDR, I thought you were very clear in the thread you are referring to. It was one of your best, of many good posts(threads), IMO.
ParticipantChris,
Maybe the OP doesn’t share any feelings of humiliation with us if he has them? One would think it can’t be an easy situation. He did lose some money, time and energy.I am not saying it was right or wrong, but some of us have learned to feel a sense of failure when we get into things that don’t work out. I guess that keeps us for, the most part, on the strait and narrow. We dig deeper into the the possibility of success and failure. When things look bad we deal with them before we become “victims”.Everything isn’t an “accident” or someone else’s fault. We make “mistakes” now and then. We take our lumps and smooth them out ourselves. I have seen that those traits pay more dividends(of all kinds) in the long run. I think most Piggs have them, regardless of our different styles and approaches. I have actually thought about this as related to your style of trading quite some time back. I doubt you could do what you do with out being really tough this way.
I have friends who are going to “walk” from a loan or maybe even be forced out of the deal. As someone else posted, they will still be my friends. We do all make “mistakes”.SDR, I thought you were very clear in the thread you are referring to. It was one of your best, of many good posts(threads), IMO.
ParticipantChris,
Maybe the OP doesn’t share any feelings of humiliation with us if he has them? One would think it can’t be an easy situation. He did lose some money, time and energy.I am not saying it was right or wrong, but some of us have learned to feel a sense of failure when we get into things that don’t work out. I guess that keeps us for, the most part, on the strait and narrow. We dig deeper into the the possibility of success and failure. When things look bad we deal with them before we become “victims”.Everything isn’t an “accident” or someone else’s fault. We make “mistakes” now and then. We take our lumps and smooth them out ourselves. I have seen that those traits pay more dividends(of all kinds) in the long run. I think most Piggs have them, regardless of our different styles and approaches. I have actually thought about this as related to your style of trading quite some time back. I doubt you could do what you do with out being really tough this way.
I have friends who are going to “walk” from a loan or maybe even be forced out of the deal. As someone else posted, they will still be my friends. We do all make “mistakes”.SDR, I thought you were very clear in the thread you are referring to. It was one of your best, of many good posts(threads), IMO.
ParticipantChris,
Maybe the OP doesn’t share any feelings of humiliation with us if he has them? One would think it can’t be an easy situation. He did lose some money, time and energy.I am not saying it was right or wrong, but some of us have learned to feel a sense of failure when we get into things that don’t work out. I guess that keeps us for, the most part, on the strait and narrow. We dig deeper into the the possibility of success and failure. When things look bad we deal with them before we become “victims”.Everything isn’t an “accident” or someone else’s fault. We make “mistakes” now and then. We take our lumps and smooth them out ourselves. I have seen that those traits pay more dividends(of all kinds) in the long run. I think most Piggs have them, regardless of our different styles and approaches. I have actually thought about this as related to your style of trading quite some time back. I doubt you could do what you do with out being really tough this way.
I have friends who are going to “walk” from a loan or maybe even be forced out of the deal. As someone else posted, they will still be my friends. We do all make “mistakes”.SDR, I thought you were very clear in the thread you are referring to. It was one of your best, of many good posts(threads), IMO.
ParticipantChris,
Maybe the OP doesn’t share any feelings of humiliation with us if he has them? One would think it can’t be an easy situation. He did lose some money, time and energy.I am not saying it was right or wrong, but some of us have learned to feel a sense of failure when we get into things that don’t work out. I guess that keeps us for, the most part, on the strait and narrow. We dig deeper into the the possibility of success and failure. When things look bad we deal with them before we become “victims”.Everything isn’t an “accident” or someone else’s fault. We make “mistakes” now and then. We take our lumps and smooth them out ourselves. I have seen that those traits pay more dividends(of all kinds) in the long run. I think most Piggs have them, regardless of our different styles and approaches. I have actually thought about this as related to your style of trading quite some time back. I doubt you could do what you do with out being really tough this way.
I have friends who are going to “walk” from a loan or maybe even be forced out of the deal. As someone else posted, they will still be my friends. We do all make “mistakes”.SDR, I thought you were very clear in the thread you are referring to. It was one of your best, of many good posts(threads), IMO.
Participant“I disagree with Rustico and sdrealtor.”
I am afraid you are disagreeing with me for something I didn’t say. I never said o.p. was immoral.In my very first post I said I didn’t care if he walked or not. I said he made a bad purchase and was blaming everyone but himself for his dilema. If I said it was immoral, I hereby and forever take it back.
Participant“I disagree with Rustico and sdrealtor.”
I am afraid you are disagreeing with me for something I didn’t say. I never said o.p. was immoral.In my very first post I said I didn’t care if he walked or not. I said he made a bad purchase and was blaming everyone but himself for his dilema. If I said it was immoral, I hereby and forever take it back.
Participant“I disagree with Rustico and sdrealtor.”
I am afraid you are disagreeing with me for something I didn’t say. I never said o.p. was immoral.In my very first post I said I didn’t care if he walked or not. I said he made a bad purchase and was blaming everyone but himself for his dilema. If I said it was immoral, I hereby and forever take it back.
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