[temeculaguy]

I just spent four hours doing homework with my kids, missing all the football games. Then I read svelte’s latest post, I actually have a tear in my eye. I’m printing this and giving it to them in 40 years if they fail to live up to the svelte standard.

[temeculaguy]

I just spent four hours doing homework with my kids, missing all the football games. Then I read svelte’s latest post, I actually have a tear in my eye. I’m printing this and giving it to them in 40 years if they fail to live up to the svelte standard.

[temeculaguy]

I just spent four hours doing homework with my kids, missing all the football games. Then I read svelte’s latest post, I actually have a tear in my eye. I’m printing this and giving it to them in 40 years if they fail to live up to the svelte standard.

[temeculaguy]

I just spent four hours doing homework with my kids, missing all the football games. Then I read svelte’s latest post, I actually have a tear in my eye. I’m printing this and giving it to them in 40 years if they fail to live up to the svelte standard.

[temeculaguy]

rt66, I can get anything from realty trac without paying and I’m not a realtor nor do I subscribe to any service. It does list the br/ba, sq footage, street name and amount without an account. With that info I can go to the GIS free website and get the name of the owners by looking at a map, you just click on the properties and it gives you name of the owners, sq ft, br count and exact address. Then I run the names of those that matched in a grantee search and all nods and nots are listed by name, also free and also online. Depending on the size of the street, there may be four or five of that model, I also run the taxes for free online and see who is behind. Foreclosure dot com gives you the name of the owner for free but not the sq footage or loan amount, I found that easier to confirm because it took less steps.

When I say it’s crap it’s from finding them via realty trac, seeing a preforeclosure, then running the people and seeing things like “remove notice of default” as the most recent entry, it’s three months old and it’s still on realty trac, it’s not just once, it’s most of the time. You can also see the sale to a third party (short sale going through). Maybe it’s different for you, but when I was actively hunting them, I gave up on RT because 50-70% were false, I found foreclosure dot com more accurate but it still was flawed, it seemed to miss more. I actually ran all three and cross referenced with tax and grantee searches and gis, they are good for tips, for finding things not on the radar and before the mls gets it, but for stats it sucks.

BTW, it is a tool and it’s intention is to give you starting points, leads, places that may be distressed. They don’t claim to be a data clearing house for housing trend so why are you holding them to that standard, they are net fishing, they know it and most of their customers know it, you are supposed to the legwork from there. It is for finding repos, not predicting the future.

[temeculaguy]

rt66, I can get anything from realty trac without paying and I’m not a realtor nor do I subscribe to any service. It does list the br/ba, sq footage, street name and amount without an account. With that info I can go to the GIS free website and get the name of the owners by looking at a map, you just click on the properties and it gives you name of the owners, sq ft, br count and exact address. Then I run the names of those that matched in a grantee search and all nods and nots are listed by name, also free and also online. Depending on the size of the street, there may be four or five of that model, I also run the taxes for free online and see who is behind. Foreclosure dot com gives you the name of the owner for free but not the sq footage or loan amount, I found that easier to confirm because it took less steps.

When I say it’s crap it’s from finding them via realty trac, seeing a preforeclosure, then running the people and seeing things like “remove notice of default” as the most recent entry, it’s three months old and it’s still on realty trac, it’s not just once, it’s most of the time. You can also see the sale to a third party (short sale going through). Maybe it’s different for you, but when I was actively hunting them, I gave up on RT because 50-70% were false, I found foreclosure dot com more accurate but it still was flawed, it seemed to miss more. I actually ran all three and cross referenced with tax and grantee searches and gis, they are good for tips, for finding things not on the radar and before the mls gets it, but for stats it sucks.

BTW, it is a tool and it’s intention is to give you starting points, leads, places that may be distressed. They don’t claim to be a data clearing house for housing trend so why are you holding them to that standard, they are net fishing, they know it and most of their customers know it, you are supposed to the legwork from there. It is for finding repos, not predicting the future.

[temeculaguy]

rt66, I can get anything from realty trac without paying and I’m not a realtor nor do I subscribe to any service. It does list the br/ba, sq footage, street name and amount without an account. With that info I can go to the GIS free website and get the name of the owners by looking at a map, you just click on the properties and it gives you name of the owners, sq ft, br count and exact address. Then I run the names of those that matched in a grantee search and all nods and nots are listed by name, also free and also online. Depending on the size of the street, there may be four or five of that model, I also run the taxes for free online and see who is behind. Foreclosure dot com gives you the name of the owner for free but not the sq footage or loan amount, I found that easier to confirm because it took less steps.

When I say it’s crap it’s from finding them via realty trac, seeing a preforeclosure, then running the people and seeing things like “remove notice of default” as the most recent entry, it’s three months old and it’s still on realty trac, it’s not just once, it’s most of the time. You can also see the sale to a third party (short sale going through). Maybe it’s different for you, but when I was actively hunting them, I gave up on RT because 50-70% were false, I found foreclosure dot com more accurate but it still was flawed, it seemed to miss more. I actually ran all three and cross referenced with tax and grantee searches and gis, they are good for tips, for finding things not on the radar and before the mls gets it, but for stats it sucks.

BTW, it is a tool and it’s intention is to give you starting points, leads, places that may be distressed. They don’t claim to be a data clearing house for housing trend so why are you holding them to that standard, they are net fishing, they know it and most of their customers know it, you are supposed to the legwork from there. It is for finding repos, not predicting the future.

[temeculaguy]

rt66, I can get anything from realty trac without paying and I’m not a realtor nor do I subscribe to any service. It does list the br/ba, sq footage, street name and amount without an account. With that info I can go to the GIS free website and get the name of the owners by looking at a map, you just click on the properties and it gives you name of the owners, sq ft, br count and exact address. Then I run the names of those that matched in a grantee search and all nods and nots are listed by name, also free and also online. Depending on the size of the street, there may be four or five of that model, I also run the taxes for free online and see who is behind. Foreclosure dot com gives you the name of the owner for free but not the sq footage or loan amount, I found that easier to confirm because it took less steps.

When I say it’s crap it’s from finding them via realty trac, seeing a preforeclosure, then running the people and seeing things like “remove notice of default” as the most recent entry, it’s three months old and it’s still on realty trac, it’s not just once, it’s most of the time. You can also see the sale to a third party (short sale going through). Maybe it’s different for you, but when I was actively hunting them, I gave up on RT because 50-70% were false, I found foreclosure dot com more accurate but it still was flawed, it seemed to miss more. I actually ran all three and cross referenced with tax and grantee searches and gis, they are good for tips, for finding things not on the radar and before the mls gets it, but for stats it sucks.

BTW, it is a tool and it’s intention is to give you starting points, leads, places that may be distressed. They don’t claim to be a data clearing house for housing trend so why are you holding them to that standard, they are net fishing, they know it and most of their customers know it, you are supposed to the legwork from there. It is for finding repos, not predicting the future.

[temeculaguy]

rt66, I can get anything from realty trac without paying and I’m not a realtor nor do I subscribe to any service. It does list the br/ba, sq footage, street name and amount without an account. With that info I can go to the GIS free website and get the name of the owners by looking at a map, you just click on the properties and it gives you name of the owners, sq ft, br count and exact address. Then I run the names of those that matched in a grantee search and all nods and nots are listed by name, also free and also online. Depending on the size of the street, there may be four or five of that model, I also run the taxes for free online and see who is behind. Foreclosure dot com gives you the name of the owner for free but not the sq footage or loan amount, I found that easier to confirm because it took less steps.

When I say it’s crap it’s from finding them via realty trac, seeing a preforeclosure, then running the people and seeing things like “remove notice of default” as the most recent entry, it’s three months old and it’s still on realty trac, it’s not just once, it’s most of the time. You can also see the sale to a third party (short sale going through). Maybe it’s different for you, but when I was actively hunting them, I gave up on RT because 50-70% were false, I found foreclosure dot com more accurate but it still was flawed, it seemed to miss more. I actually ran all three and cross referenced with tax and grantee searches and gis, they are good for tips, for finding things not on the radar and before the mls gets it, but for stats it sucks.

BTW, it is a tool and it’s intention is to give you starting points, leads, places that may be distressed. They don’t claim to be a data clearing house for housing trend so why are you holding them to that standard, they are net fishing, they know it and most of their customers know it, you are supposed to the legwork from there. It is for finding repos, not predicting the future.

[temeculaguy]

ctr, it’s completely possible, when we talk about bidding wars we are talking maybe 10%, I’d say the winner would get it for 145k-150k if it weren’t a short (you never can tell with a short). A model match closed around the corner for 145k 3 weeks ago, that was the winning bid. There are some pending and sold in the 170’s and 180’s, but there are idiots with money everywhere, we can’t base things on them. 200k is laughable for those, for 200k up here you can get a much nicer and better proportioned place (1800-2000 sq ft, same bedroom count, better hood). To be quite honest I don’t follow the cheap sfr’s for rentals, I stay with the condos in my micromarket for a potential rental for a variety of reasons and they pencil out better. The sfr rental opportunities are getting a lot of out of towner investor attention, some people just have a thing against condos and I have a thing against what other people have a thing for. There is a rent ceiling here since prices are low, a 100k place rents for more than 1k, a 150k place rents for 1500, but after that it drops off, a 250k place rents for 1800, a 300k place rents for 2k, a 400k place, maybe 2200, after that, good luck, there’s no rental market because anyone with more than 2200 will buy their own.

But yeah, there are lots of knuckleheads with suitcases full of money showing up trying to buy investment properties here, they’ve been coming for a while and screwing up my plans to rule the world. I battled with them last year when buying the primary and i’ll battle with them when the rental aquisition time comes, they seem to take the winter off, so postpone your visit about 6-8 weeks, use the time to study things and maybe they will leave again until february. I am routinely accused of being bullish but I am actually nuetral, I do not thing there will be any sustained appreciation in 2010, I think it will be flat, in the rear view mirror my hood may have overshot, bounced up 10% and will be in A cup mode for at least a year, if not longer, so there’s no reason to think deals cannot be had moving forward.

[temeculaguy]

ctr, it’s completely possible, when we talk about bidding wars we are talking maybe 10%, I’d say the winner would get it for 145k-150k if it weren’t a short (you never can tell with a short). A model match closed around the corner for 145k 3 weeks ago, that was the winning bid. There are some pending and sold in the 170’s and 180’s, but there are idiots with money everywhere, we can’t base things on them. 200k is laughable for those, for 200k up here you can get a much nicer and better proportioned place (1800-2000 sq ft, same bedroom count, better hood). To be quite honest I don’t follow the cheap sfr’s for rentals, I stay with the condos in my micromarket for a potential rental for a variety of reasons and they pencil out better. The sfr rental opportunities are getting a lot of out of towner investor attention, some people just have a thing against condos and I have a thing against what other people have a thing for. There is a rent ceiling here since prices are low, a 100k place rents for more than 1k, a 150k place rents for 1500, but after that it drops off, a 250k place rents for 1800, a 300k place rents for 2k, a 400k place, maybe 2200, after that, good luck, there’s no rental market because anyone with more than 2200 will buy their own.

But yeah, there are lots of knuckleheads with suitcases full of money showing up trying to buy investment properties here, they’ve been coming for a while and screwing up my plans to rule the world. I battled with them last year when buying the primary and i’ll battle with them when the rental aquisition time comes, they seem to take the winter off, so postpone your visit about 6-8 weeks, use the time to study things and maybe they will leave again until february. I am routinely accused of being bullish but I am actually nuetral, I do not thing there will be any sustained appreciation in 2010, I think it will be flat, in the rear view mirror my hood may have overshot, bounced up 10% and will be in A cup mode for at least a year, if not longer, so there’s no reason to think deals cannot be had moving forward.

[temeculaguy]

ctr, it’s completely possible, when we talk about bidding wars we are talking maybe 10%, I’d say the winner would get it for 145k-150k if it weren’t a short (you never can tell with a short). A model match closed around the corner for 145k 3 weeks ago, that was the winning bid. There are some pending and sold in the 170’s and 180’s, but there are idiots with money everywhere, we can’t base things on them. 200k is laughable for those, for 200k up here you can get a much nicer and better proportioned place (1800-2000 sq ft, same bedroom count, better hood). To be quite honest I don’t follow the cheap sfr’s for rentals, I stay with the condos in my micromarket for a potential rental for a variety of reasons and they pencil out better. The sfr rental opportunities are getting a lot of out of towner investor attention, some people just have a thing against condos and I have a thing against what other people have a thing for. There is a rent ceiling here since prices are low, a 100k place rents for more than 1k, a 150k place rents for 1500, but after that it drops off, a 250k place rents for 1800, a 300k place rents for 2k, a 400k place, maybe 2200, after that, good luck, there’s no rental market because anyone with more than 2200 will buy their own.

But yeah, there are lots of knuckleheads with suitcases full of money showing up trying to buy investment properties here, they’ve been coming for a while and screwing up my plans to rule the world. I battled with them last year when buying the primary and i’ll battle with them when the rental aquisition time comes, they seem to take the winter off, so postpone your visit about 6-8 weeks, use the time to study things and maybe they will leave again until february. I am routinely accused of being bullish but I am actually nuetral, I do not thing there will be any sustained appreciation in 2010, I think it will be flat, in the rear view mirror my hood may have overshot, bounced up 10% and will be in A cup mode for at least a year, if not longer, so there’s no reason to think deals cannot be had moving forward.

[temeculaguy]

ctr, it’s completely possible, when we talk about bidding wars we are talking maybe 10%, I’d say the winner would get it for 145k-150k if it weren’t a short (you never can tell with a short). A model match closed around the corner for 145k 3 weeks ago, that was the winning bid. There are some pending and sold in the 170’s and 180’s, but there are idiots with money everywhere, we can’t base things on them. 200k is laughable for those, for 200k up here you can get a much nicer and better proportioned place (1800-2000 sq ft, same bedroom count, better hood). To be quite honest I don’t follow the cheap sfr’s for rentals, I stay with the condos in my micromarket for a potential rental for a variety of reasons and they pencil out better. The sfr rental opportunities are getting a lot of out of towner investor attention, some people just have a thing against condos and I have a thing against what other people have a thing for. There is a rent ceiling here since prices are low, a 100k place rents for more than 1k, a 150k place rents for 1500, but after that it drops off, a 250k place rents for 1800, a 300k place rents for 2k, a 400k place, maybe 2200, after that, good luck, there’s no rental market because anyone with more than 2200 will buy their own.

But yeah, there are lots of knuckleheads with suitcases full of money showing up trying to buy investment properties here, they’ve been coming for a while and screwing up my plans to rule the world. I battled with them last year when buying the primary and i’ll battle with them when the rental aquisition time comes, they seem to take the winter off, so postpone your visit about 6-8 weeks, use the time to study things and maybe they will leave again until february. I am routinely accused of being bullish but I am actually nuetral, I do not thing there will be any sustained appreciation in 2010, I think it will be flat, in the rear view mirror my hood may have overshot, bounced up 10% and will be in A cup mode for at least a year, if not longer, so there’s no reason to think deals cannot be had moving forward.

[temeculaguy]

ctr, it’s completely possible, when we talk about bidding wars we are talking maybe 10%, I’d say the winner would get it for 145k-150k if it weren’t a short (you never can tell with a short). A model match closed around the corner for 145k 3 weeks ago, that was the winning bid. There are some pending and sold in the 170’s and 180’s, but there are idiots with money everywhere, we can’t base things on them. 200k is laughable for those, for 200k up here you can get a much nicer and better proportioned place (1800-2000 sq ft, same bedroom count, better hood). To be quite honest I don’t follow the cheap sfr’s for rentals, I stay with the condos in my micromarket for a potential rental for a variety of reasons and they pencil out better. The sfr rental opportunities are getting a lot of out of towner investor attention, some people just have a thing against condos and I have a thing against what other people have a thing for. There is a rent ceiling here since prices are low, a 100k place rents for more than 1k, a 150k place rents for 1500, but after that it drops off, a 250k place rents for 1800, a 300k place rents for 2k, a 400k place, maybe 2200, after that, good luck, there’s no rental market because anyone with more than 2200 will buy their own.

But yeah, there are lots of knuckleheads with suitcases full of money showing up trying to buy investment properties here, they’ve been coming for a while and screwing up my plans to rule the world. I battled with them last year when buying the primary and i’ll battle with them when the rental aquisition time comes, they seem to take the winter off, so postpone your visit about 6-8 weeks, use the time to study things and maybe they will leave again until february. I am routinely accused of being bullish but I am actually nuetral, I do not thing there will be any sustained appreciation in 2010, I think it will be flat, in the rear view mirror my hood may have overshot, bounced up 10% and will be in A cup mode for at least a year, if not longer, so there’s no reason to think deals cannot be had moving forward.

[temeculaguy]

crap, that sfr is a short, my bad, but there are others that are similar that are not shorts, I try not to use shorts for examples. Unfortunately by the time I finish writing a post, the reo’s are sold and the link doesn’t work before the first person reads it, so maybe it’s better that I used that example.

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