All Forum Posts by: George S

Anyone know of a quality landscaper in the Troy / Albany area?

Thanks,

George

Hello,

Are there any buy and hold investors from the Albany, Troy, Schenectady area?

Greek Empire? 231 years. Roman Empire? 207 years. Ottoman Empire? 250 years. Romanov Russian Empire? 234 years. British Empire? 250 years. The U.S........237 years. Huuuuuhh.

I don't know when it will collapse but the fact the govt uses 26% of tax revenue to pay interest on our debt...not a good sign. Also the avg fiat currency lasts 27 years and after 30-40 there is always a reset. Also look at the history of all of the countries that have held the currency reserve. It's eerie how they've all held it for a similar amount of time and the us has held just a bit longer than they have.

Regarding rehabbing...where do the current rents stack up against the current market rents ? If your close to market rents, you'll have a hard time getting more on rent and the return your looking for after spending more on rehab.

"every 30 to 40 years the reigning monetary system fails and has to be retooled. The last time around for the U.S. was in 1971, when Nixon cancelled the convertibility of dollars into gold. Remarkably, the world bought into the unbacked dollar as its reserve currency, but only because that was the path of least resistance. But here we are 40 years later, and it is clear to anyone paying attention that the monetary system is irretrievably broken and will fail."

History does always repeat itself. Every super power and every fiat currency fails. It's a cycle that has never been broken. When you start seeing countries making deals outside of the dollar, it's a bit concerning. I believe the dollar has lost 96% of its purchase power in the last 100 or so years. 2% inflation? Haha...really?

Man...I would love to see some of these prices outside of war zones in my neck of the woods. (Albany, NY area)

Can't you just get the previous water/sewer bills from the municipality? Also, why would then not produce financial statements(from last years taxes)?

I've read a bunch of posts on seller financing and balloon payments and I can't seem to find a direct answer.

Im looking at purchasing a 3-4 unit multifamily (non-owner) property with seller financing. Lets say 10% down on a $180,000 = 18,000 down. Assume a %5, 30 yr amort. with 5 year balloon payment. When that time comes my balance $156,763 is due. Provided the value of the home doesn't change, the bank is going to want an additional payment of $21,763 to meet a 75/25 LTV ratio. I could prob pay that from my full time jobs income but is this trade off for getting in with only 10% down? Is their another way? Or do most people just counter this by forcing appreciation?