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Updated over 10 years ago on . Most recent reply

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
62,837
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42,675
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Woulda Shoulda Coulda whats some of your best ones in RE

Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Posted

Mine was selling anything I owed in the SF Bay ARea... And there was a developer in San Jose named McQuen who built hundreds of 4 plex's that were converted to condos. they were the style were two are ground units 2 upstairs and 4 car parking underneath in the rear. they were selling for 5900.00 a door in the late 70's and there were loan products were you could buy them with 500.00 down and payments were about 250 a month.. but rent was only 200... So of course who could afford 50 a month in negative cash flow.

Those units today sell right at 300k each and rent for 1200 to 1500 a month... I had one client that owned 80 of them... I shoulda and coulda   bought half a dozen

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JLH Capital Partners

Most Popular Reply

User Stats

151
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55
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Jeremy Davis
  • Canal Winchester, OH
55
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151
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Jeremy Davis
  • Canal Winchester, OH
Replied

coulda woulda shoulda bought the fertilizer plant a friend offered to sell to me for 45k in 09 that just sold for over 300k with no improvements just some other lucky guy sat on it until the economy came back didn't even use the buildings just left them empty and paid his taxes....

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