[ucodegen]

[quote=flu]Translation: I need money to buy real estate and want you to do all the dirty work so I can live in my entitlement world of not doing anything and reaping all the benefits….

Man, no wonder this country is going to hell.[/quote]
Hey, its Casey Serin II!!

Seriously to the OP:

[ucodegen]

[quote=flu]Translation: I need money to buy real estate and want you to do all the dirty work so I can live in my entitlement world of not doing anything and reaping all the benefits….

Man, no wonder this country is going to hell.[/quote]
Hey, its Casey Serin II!!

Seriously to the OP:

Funding such a purchase is difficult.

Expect to have at a minimum, 20% of total purchase costs for multi-family dwelling – est cost of approx 200k/unit. Costs vary per location from 120K to 360K (excluding some outliers). This means for a 5 unit, expect $1Mil min (20% = 200K), with 50% partnership – you better have $100K minimum to bring to the table.

Background in sales will not cut it for RE investing.

Expecting to be the ‘person in charge‘ when not fronting money or experience, other than ‘sales’ is being completely delusional. If I am a RE investor, why should I partner with you if all you bring to the table is sales.. and I have the money and experience?

[ucodegen]

[quote=flu]Translation: I need money to buy real estate and want you to do all the dirty work so I can live in my entitlement world of not doing anything and reaping all the benefits….

Man, no wonder this country is going to hell.[/quote]
Hey, its Casey Serin II!!

Seriously to the OP:

Funding such a purchase is difficult.

Expect to have at a minimum, 20% of total purchase costs for multi-family dwelling – est cost of approx 200k/unit. Costs vary per location from 120K to 360K (excluding some outliers). This means for a 5 unit, expect $1Mil min (20% = 200K), with 50% partnership – you better have $100K minimum to bring to the table.

Background in sales will not cut it for RE investing.

Expecting to be the ‘person in charge‘ when not fronting money or experience, other than ‘sales’ is being completely delusional. If I am a RE investor, why should I partner with you if all you bring to the table is sales.. and I have the money and experience?

[ucodegen]

[quote threadkiller]Now however I have a 4×4 that uses bigger tires and I don’t have to repace them immediately,before winter begins however. I was considering Costco,who gives $70 back on set of 4 Michellin but won’t do it for BFGoodrich which is owned by Michellin. In my reasearch I’m discovering that Costco does not have the best prices.[/quote]
Discount Tire seems to be the best for BF Goodrich. I even checked against 4×4 discounters. I recently had to re-shoe my truck(as well as get new rims because the 16.5 rim is no longer supported). I ended up doing a lot of pricing research in the process. I would not do the Discount Tire at Genesee (the store manager seemed to want to tack on as many additional charges, including ones that I have not been charge for before @ at Discount Tire), but I have had good luck at their Convoy shop, and have gotten most of my tires (truck and car) over at the Miramar shop.

With Discount Tire, you can do on-line price estimation and set up appt. to install. They will contact you back if there is a problem getting your tires. (http://www.discounttire.com/dtcs/home.do)

[ucodegen]

[quote threadkiller]Now however I have a 4×4 that uses bigger tires and I don’t have to repace them immediately,before winter begins however. I was considering Costco,who gives $70 back on set of 4 Michellin but won’t do it for BFGoodrich which is owned by Michellin. In my reasearch I’m discovering that Costco does not have the best prices.[/quote]
Discount Tire seems to be the best for BF Goodrich. I even checked against 4×4 discounters. I recently had to re-shoe my truck(as well as get new rims because the 16.5 rim is no longer supported). I ended up doing a lot of pricing research in the process. I would not do the Discount Tire at Genesee (the store manager seemed to want to tack on as many additional charges, including ones that I have not been charge for before @ at Discount Tire), but I have had good luck at their Convoy shop, and have gotten most of my tires (truck and car) over at the Miramar shop.

With Discount Tire, you can do on-line price estimation and set up appt. to install. They will contact you back if there is a problem getting your tires. (http://www.discounttire.com/dtcs/home.do)

[ucodegen]

[quote threadkiller]Now however I have a 4×4 that uses bigger tires and I don’t have to repace them immediately,before winter begins however. I was considering Costco,who gives $70 back on set of 4 Michellin but won’t do it for BFGoodrich which is owned by Michellin. In my reasearch I’m discovering that Costco does not have the best prices.[/quote]
Discount Tire seems to be the best for BF Goodrich. I even checked against 4×4 discounters. I recently had to re-shoe my truck(as well as get new rims because the 16.5 rim is no longer supported). I ended up doing a lot of pricing research in the process. I would not do the Discount Tire at Genesee (the store manager seemed to want to tack on as many additional charges, including ones that I have not been charge for before @ at Discount Tire), but I have had good luck at their Convoy shop, and have gotten most of my tires (truck and car) over at the Miramar shop.

With Discount Tire, you can do on-line price estimation and set up appt. to install. They will contact you back if there is a problem getting your tires. (http://www.discounttire.com/dtcs/home.do)

[ucodegen]

[quote threadkiller]Now however I have a 4×4 that uses bigger tires and I don’t have to repace them immediately,before winter begins however. I was considering Costco,who gives $70 back on set of 4 Michellin but won’t do it for BFGoodrich which is owned by Michellin. In my reasearch I’m discovering that Costco does not have the best prices.[/quote]
Discount Tire seems to be the best for BF Goodrich. I even checked against 4×4 discounters. I recently had to re-shoe my truck(as well as get new rims because the 16.5 rim is no longer supported). I ended up doing a lot of pricing research in the process. I would not do the Discount Tire at Genesee (the store manager seemed to want to tack on as many additional charges, including ones that I have not been charge for before @ at Discount Tire), but I have had good luck at their Convoy shop, and have gotten most of my tires (truck and car) over at the Miramar shop.

With Discount Tire, you can do on-line price estimation and set up appt. to install. They will contact you back if there is a problem getting your tires. (http://www.discounttire.com/dtcs/home.do)

[ucodegen]

[quote threadkiller]Now however I have a 4×4 that uses bigger tires and I don’t have to repace them immediately,before winter begins however. I was considering Costco,who gives $70 back on set of 4 Michellin but won’t do it for BFGoodrich which is owned by Michellin. In my reasearch I’m discovering that Costco does not have the best prices.[/quote]
Discount Tire seems to be the best for BF Goodrich. I even checked against 4×4 discounters. I recently had to re-shoe my truck(as well as get new rims because the 16.5 rim is no longer supported). I ended up doing a lot of pricing research in the process. I would not do the Discount Tire at Genesee (the store manager seemed to want to tack on as many additional charges, including ones that I have not been charge for before @ at Discount Tire), but I have had good luck at their Convoy shop, and have gotten most of my tires (truck and car) over at the Miramar shop.

With Discount Tire, you can do on-line price estimation and set up appt. to install. They will contact you back if there is a problem getting your tires. (http://www.discounttire.com/dtcs/home.do)

[ucodegen]

[quote=briansd1]No. $150/day at Newark, reservation within a few hours, and returning in a different city.[/quote]
The price I got on hotwire was for a few hour reservation, but not returning in a different city.
You get better prices if returning in the same city AND if you are renting for about 1 week or more.

[ucodegen]

[quote=briansd1]No. $150/day at Newark, reservation within a few hours, and returning in a different city.[/quote]
The price I got on hotwire was for a few hour reservation, but not returning in a different city.
You get better prices if returning in the same city AND if you are renting for about 1 week or more.

[ucodegen]

[quote=briansd1]No. $150/day at Newark, reservation within a few hours, and returning in a different city.[/quote]
The price I got on hotwire was for a few hour reservation, but not returning in a different city.
You get better prices if returning in the same city AND if you are renting for about 1 week or more.

[ucodegen]

[quote=briansd1]No. $150/day at Newark, reservation within a few hours, and returning in a different city.[/quote]
The price I got on hotwire was for a few hour reservation, but not returning in a different city.
You get better prices if returning in the same city AND if you are renting for about 1 week or more.

[ucodegen]

[quote=briansd1]No. $150/day at Newark, reservation within a few hours, and returning in a different city.[/quote]
The price I got on hotwire was for a few hour reservation, but not returning in a different city.
You get better prices if returning in the same city AND if you are renting for about 1 week or more.

[ucodegen]

[quote CA renter]That’s because you’re thinking from the perspective of a borrower.

A holder of a note will usually only sell it off if they can earn a profit on it. That means that someone else was willing to make less on that same note. [/quote]I should have worded it that way. I was trying to really explain it.. and probably got too technical.

[quote AN]That’s the problem with your assumption. I can’t borrow directly from the party who’s currently holding my loan (Fannie May).[/quote]
I am quite aware. The loan changed hands twice, not once. If it was once, going to Fannie Mae directly, I would say that there wasn’t much ‘fat’ on that loan, but there are two changes of hand. Each time it is changing hands, the man-in-the-middle takes their cut from the return.

I do wonder if there is a hidden game going on where Fannie has a maximum ‘slice’ allowed to the person transferring it to Fannie, and that hot-potato’ing it allowed more people in the middle to take a piece.

[quote jpinpb]And here I thought I was doing good at 4.25 x 30.[/quote]Depends upon when and your risk profile. I know someone who has little savings, high LTV and good credit score who got a 4.5%.

[quote CA renter]And you have no idea how much I despise the government’s role in forcing us to use middle men who’ve paid off someone in congress. If the government is taking the risk, then “We the People” are taking the risk, and should be rewarded by having direct access to OUR govt lenders.[/quote]I second that!!!

[quote SD Realtor]Come on guys, the fact is that the wholesale value of any note changes everyday with interest rates..[/quote]As well as what the projected rates will be. I didn’t want to delve into this one because it gets very complicated, but putting it simply.. if the loan is priced right but is changing hands, one side of the loan transfer is incorrectly pricing the loan because at that point it is a zero sum game.

[ucodegen]

[quote CA renter]That’s because you’re thinking from the perspective of a borrower.

A holder of a note will usually only sell it off if they can earn a profit on it. That means that someone else was willing to make less on that same note. [/quote]I should have worded it that way. I was trying to really explain it.. and probably got too technical.

[quote AN]That’s the problem with your assumption. I can’t borrow directly from the party who’s currently holding my loan (Fannie May).[/quote]
I am quite aware. The loan changed hands twice, not once. If it was once, going to Fannie Mae directly, I would say that there wasn’t much ‘fat’ on that loan, but there are two changes of hand. Each time it is changing hands, the man-in-the-middle takes their cut from the return.

I do wonder if there is a hidden game going on where Fannie has a maximum ‘slice’ allowed to the person transferring it to Fannie, and that hot-potato’ing it allowed more people in the middle to take a piece.

[quote jpinpb]And here I thought I was doing good at 4.25 x 30.[/quote]Depends upon when and your risk profile. I know someone who has little savings, high LTV and good credit score who got a 4.5%.

[quote CA renter]And you have no idea how much I despise the government’s role in forcing us to use middle men who’ve paid off someone in congress. If the government is taking the risk, then “We the People” are taking the risk, and should be rewarded by having direct access to OUR govt lenders.[/quote]I second that!!!

[quote SD Realtor]Come on guys, the fact is that the wholesale value of any note changes everyday with interest rates..[/quote]As well as what the projected rates will be. I didn’t want to delve into this one because it gets very complicated, but putting it simply.. if the loan is priced right but is changing hands, one side of the loan transfer is incorrectly pricing the loan because at that point it is a zero sum game.

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