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peterb
ParticipantI think that hard money guys like Bruce are going to flip because they’ve got cash and the discount allows them room for profit, if they can turn the property quickly and he’s chosen them well. Time is a huge risk factor in this market. I think that’s why he flips far more than rents and holds. It’s going down, so he makes money getting in and then out asap.
Granted, when rents are more than purchasing, it probably makes more sense to own. Given all the financial analysis. But rents could come down in this cycle as they did in the 1990’s. Also, prices could keep falling and thus put you in a “financial lock” with the house. Where it would be hard to sell without taking a loss. Or you could go upside down as well. And then how long will it take to recover?
We’re in uncharted waters here for foreclorures. We’re starting to hit 1800 a month in SD County. The worst it got inthe 1990’s was around 600 a month.
Just something to consider.
ParticipantI think that hard money guys like Bruce are going to flip because they’ve got cash and the discount allows them room for profit, if they can turn the property quickly and he’s chosen them well. Time is a huge risk factor in this market. I think that’s why he flips far more than rents and holds. It’s going down, so he makes money getting in and then out asap.
Granted, when rents are more than purchasing, it probably makes more sense to own. Given all the financial analysis. But rents could come down in this cycle as they did in the 1990’s. Also, prices could keep falling and thus put you in a “financial lock” with the house. Where it would be hard to sell without taking a loss. Or you could go upside down as well. And then how long will it take to recover?
We’re in uncharted waters here for foreclorures. We’re starting to hit 1800 a month in SD County. The worst it got inthe 1990’s was around 600 a month.
Just something to consider.
ParticipantI think that hard money guys like Bruce are going to flip because they’ve got cash and the discount allows them room for profit, if they can turn the property quickly and he’s chosen them well. Time is a huge risk factor in this market. I think that’s why he flips far more than rents and holds. It’s going down, so he makes money getting in and then out asap.
Granted, when rents are more than purchasing, it probably makes more sense to own. Given all the financial analysis. But rents could come down in this cycle as they did in the 1990’s. Also, prices could keep falling and thus put you in a “financial lock” with the house. Where it would be hard to sell without taking a loss. Or you could go upside down as well. And then how long will it take to recover?
We’re in uncharted waters here for foreclorures. We’re starting to hit 1800 a month in SD County. The worst it got inthe 1990’s was around 600 a month.
Just something to consider.
ParticipantI think that hard money guys like Bruce are going to flip because they’ve got cash and the discount allows them room for profit, if they can turn the property quickly and he’s chosen them well. Time is a huge risk factor in this market. I think that’s why he flips far more than rents and holds. It’s going down, so he makes money getting in and then out asap.
Granted, when rents are more than purchasing, it probably makes more sense to own. Given all the financial analysis. But rents could come down in this cycle as they did in the 1990’s. Also, prices could keep falling and thus put you in a “financial lock” with the house. Where it would be hard to sell without taking a loss. Or you could go upside down as well. And then how long will it take to recover?
We’re in uncharted waters here for foreclorures. We’re starting to hit 1800 a month in SD County. The worst it got inthe 1990’s was around 600 a month.
Just something to consider.
ParticipantI just listen to Bruce Norris’s radio show and he claims he’s buying REO’s for 30% of the outstanding loan amount. Said he did about 25 in the last 60 days. He’s mostly Riverside County. But it shows that he’s probably making money.
ParticipantI just listen to Bruce Norris’s radio show and he claims he’s buying REO’s for 30% of the outstanding loan amount. Said he did about 25 in the last 60 days. He’s mostly Riverside County. But it shows that he’s probably making money.
ParticipantI just listen to Bruce Norris’s radio show and he claims he’s buying REO’s for 30% of the outstanding loan amount. Said he did about 25 in the last 60 days. He’s mostly Riverside County. But it shows that he’s probably making money.
ParticipantI just listen to Bruce Norris’s radio show and he claims he’s buying REO’s for 30% of the outstanding loan amount. Said he did about 25 in the last 60 days. He’s mostly Riverside County. But it shows that he’s probably making money.
ParticipantI just listen to Bruce Norris’s radio show and he claims he’s buying REO’s for 30% of the outstanding loan amount. Said he did about 25 in the last 60 days. He’s mostly Riverside County. But it shows that he’s probably making money.
ParticipantRE is about to make it’s next leg down. Hang tight.
http://www.foreclosureforum.com/stats.htmlFor historical reference. And it’s getting worse.
ParticipantRE is about to make it’s next leg down. Hang tight.
http://www.foreclosureforum.com/stats.htmlFor historical reference. And it’s getting worse.
ParticipantRE is about to make it’s next leg down. Hang tight.
http://www.foreclosureforum.com/stats.htmlFor historical reference. And it’s getting worse.
ParticipantRE is about to make it’s next leg down. Hang tight.
http://www.foreclosureforum.com/stats.htmlFor historical reference. And it’s getting worse.
ParticipantRE is about to make it’s next leg down. Hang tight.
http://www.foreclosureforum.com/stats.htmlFor historical reference. And it’s getting worse.
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