[peterb]

I can attest to vacation renters being a pain and having vacancies up to half the season. But again, as an exit strategy, you should always consider what your market will think is valuable. At the beach, all the prospective buyers that I spoke with, and there were many, told me that they wanted to rent to zonies in the lucrative summer season to help “pay-off the property”.

As a side note: When I was younger, I bought my first couple of homes thinking that I was going to stay for a long time, etc…
The stats say the average time is 7 years in a home. I’ve learned there is wisdom in statistics and this is one of them.

[peterb]

I can attest to vacation renters being a pain and having vacancies up to half the season. But again, as an exit strategy, you should always consider what your market will think is valuable. At the beach, all the prospective buyers that I spoke with, and there were many, told me that they wanted to rent to zonies in the lucrative summer season to help “pay-off the property”.

As a side note: When I was younger, I bought my first couple of homes thinking that I was going to stay for a long time, etc…
The stats say the average time is 7 years in a home. I’ve learned there is wisdom in statistics and this is one of them.

[peterb]

I can attest to vacation renters being a pain and having vacancies up to half the season. But again, as an exit strategy, you should always consider what your market will think is valuable. At the beach, all the prospective buyers that I spoke with, and there were many, told me that they wanted to rent to zonies in the lucrative summer season to help “pay-off the property”.

As a side note: When I was younger, I bought my first couple of homes thinking that I was going to stay for a long time, etc…
The stats say the average time is 7 years in a home. I’ve learned there is wisdom in statistics and this is one of them.

[peterb]

I can attest to vacation renters being a pain and having vacancies up to half the season. But again, as an exit strategy, you should always consider what your market will think is valuable. At the beach, all the prospective buyers that I spoke with, and there were many, told me that they wanted to rent to zonies in the lucrative summer season to help “pay-off the property”.

As a side note: When I was younger, I bought my first couple of homes thinking that I was going to stay for a long time, etc…
The stats say the average time is 7 years in a home. I’ve learned there is wisdom in statistics and this is one of them.

[peterb]

I can attest to vacation renters being a pain and having vacancies up to half the season. But again, as an exit strategy, you should always consider what your market will think is valuable. At the beach, all the prospective buyers that I spoke with, and there were many, told me that they wanted to rent to zonies in the lucrative summer season to help “pay-off the property”.

As a side note: When I was younger, I bought my first couple of homes thinking that I was going to stay for a long time, etc…
The stats say the average time is 7 years in a home. I’ve learned there is wisdom in statistics and this is one of them.

[peterb]

thanks. That’s all I was curious about. Sounds like you’re looking for indicators that the property is headed for default of the loan. Which suggests to me that the deals are short sales. But it’s also occured to me that lenders may avoid paying property tax after they’ve taken the property. So you could get an idea of an REO before the lender has taken any action on it. Kinda like seeing into the shadow inventory.

15% at 4 times a year annualizes out at roughly 60%. Nice work.

For all the people out there that are wondering about the better areas of SD County and whether or not the zip code they’re interested in is showing any signs of weakness….tax roll data could prove to be a very useful indicator as to future problems and opportunities. Getting lender data real-time is all but impossible, but county tax records are a different story. Smart!!!

[peterb]

thanks. That’s all I was curious about. Sounds like you’re looking for indicators that the property is headed for default of the loan. Which suggests to me that the deals are short sales. But it’s also occured to me that lenders may avoid paying property tax after they’ve taken the property. So you could get an idea of an REO before the lender has taken any action on it. Kinda like seeing into the shadow inventory.

15% at 4 times a year annualizes out at roughly 60%. Nice work.

For all the people out there that are wondering about the better areas of SD County and whether or not the zip code they’re interested in is showing any signs of weakness….tax roll data could prove to be a very useful indicator as to future problems and opportunities. Getting lender data real-time is all but impossible, but county tax records are a different story. Smart!!!

[peterb]

thanks. That’s all I was curious about. Sounds like you’re looking for indicators that the property is headed for default of the loan. Which suggests to me that the deals are short sales. But it’s also occured to me that lenders may avoid paying property tax after they’ve taken the property. So you could get an idea of an REO before the lender has taken any action on it. Kinda like seeing into the shadow inventory.

15% at 4 times a year annualizes out at roughly 60%. Nice work.

For all the people out there that are wondering about the better areas of SD County and whether or not the zip code they’re interested in is showing any signs of weakness….tax roll data could prove to be a very useful indicator as to future problems and opportunities. Getting lender data real-time is all but impossible, but county tax records are a different story. Smart!!!

[peterb]

thanks. That’s all I was curious about. Sounds like you’re looking for indicators that the property is headed for default of the loan. Which suggests to me that the deals are short sales. But it’s also occured to me that lenders may avoid paying property tax after they’ve taken the property. So you could get an idea of an REO before the lender has taken any action on it. Kinda like seeing into the shadow inventory.

15% at 4 times a year annualizes out at roughly 60%. Nice work.

For all the people out there that are wondering about the better areas of SD County and whether or not the zip code they’re interested in is showing any signs of weakness….tax roll data could prove to be a very useful indicator as to future problems and opportunities. Getting lender data real-time is all but impossible, but county tax records are a different story. Smart!!!

[peterb]

thanks. That’s all I was curious about. Sounds like you’re looking for indicators that the property is headed for default of the loan. Which suggests to me that the deals are short sales. But it’s also occured to me that lenders may avoid paying property tax after they’ve taken the property. So you could get an idea of an REO before the lender has taken any action on it. Kinda like seeing into the shadow inventory.

15% at 4 times a year annualizes out at roughly 60%. Nice work.

For all the people out there that are wondering about the better areas of SD County and whether or not the zip code they’re interested in is showing any signs of weakness….tax roll data could prove to be a very useful indicator as to future problems and opportunities. Getting lender data real-time is all but impossible, but county tax records are a different story. Smart!!!

[peterb]

Wow, SD Realtor. I just asked you to tell me in very vague terms what discount you’re paying on properties from current market prices. Bruce Norris has said on the radio that he’s paying 30 to 40% off the loan amount to lenders. A very well known guy in a very specific market. Not govt secrets here.
Can you verify if this is what you’re paying?
I cant understand how this is risking anything for you? But maybe I’m missing something?

[peterb]

Wow, SD Realtor. I just asked you to tell me in very vague terms what discount you’re paying on properties from current market prices. Bruce Norris has said on the radio that he’s paying 30 to 40% off the loan amount to lenders. A very well known guy in a very specific market. Not govt secrets here.
Can you verify if this is what you’re paying?
I cant understand how this is risking anything for you? But maybe I’m missing something?

[peterb]

Wow, SD Realtor. I just asked you to tell me in very vague terms what discount you’re paying on properties from current market prices. Bruce Norris has said on the radio that he’s paying 30 to 40% off the loan amount to lenders. A very well known guy in a very specific market. Not govt secrets here.
Can you verify if this is what you’re paying?
I cant understand how this is risking anything for you? But maybe I’m missing something?

[peterb]

Wow, SD Realtor. I just asked you to tell me in very vague terms what discount you’re paying on properties from current market prices. Bruce Norris has said on the radio that he’s paying 30 to 40% off the loan amount to lenders. A very well known guy in a very specific market. Not govt secrets here.
Can you verify if this is what you’re paying?
I cant understand how this is risking anything for you? But maybe I’m missing something?

[peterb]

Wow, SD Realtor. I just asked you to tell me in very vague terms what discount you’re paying on properties from current market prices. Bruce Norris has said on the radio that he’s paying 30 to 40% off the loan amount to lenders. A very well known guy in a very specific market. Not govt secrets here.
Can you verify if this is what you’re paying?
I cant understand how this is risking anything for you? But maybe I’m missing something?

[Author]

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