All Forum Posts by: Anna NA

:) o boy..

That depends on the risk you want to take. If you have confidence in your abilities of determining things that may be "wrong" and you feel you can fix them on your own, then why not?

Not from the bay area, but I think if one were available they'd take: 390k, Zero contingencies.

Otherwise, I don't think it's really possible to tell unless you know them personally, maybe the one in the middle just because it's in the middle of the road..?

When you have a FT job and sit on BiggerPockets all day long.

:)... um:

"We're going to have the best educated American people in the world." ...Governor George
W. Bush, Jr., 9/21/97

Need more be said?

:lol:

I tried to do the same once to look at the details, but quickly gave up after spending 2 hours getting through step 1. My intention was something related to trying to figure out what would be the best loan depending on the time the house would be "held" or something like that, to examine that portion in detail.. All I walked away with was that it's a clever and convoluted formula, and basically that loans can be very evil, but obviously there's not always a way to get around them. I now examine the ammortization schedules and total interest to be paid... slice the interest into a few sections to show the cash value depending on the different times in the loan payment process, but doing even that I came away with realizing that it doesn't really tell you squat because there are many variables to consider all over the map.

Can I just say that you are my hero? :). What you mention above is so critical to financial "wealth".

My international property is in this area. I invested here because I "knew" the property I was buying and I lived in Poland for a few years when I was little. The property is in the countryside, and being as such it's hard to have it be a cash maker when most people in the country don't rent (unless you're looking to hold). They're mostly old farmers who have owned the land for many generations and anyone who sells their land moves closer to the city which doesn't exactly raise the population in the countryside favorably for landowners. Most people that rent are in the cities and even there, it's hard to get good income. In fact my family still has an apt there and my parents view it more of a headache than anything else. Most of the profits are eaten up by airplane travel costs. It's hard enough knowing the language and doing it, so not knowing the language might be even harder, unless you're trying to rent out to commercial or something...

As far as the silver goes, 25%?? RLY??? Never knew it was as high as 25% of world production, but considering that at the Krakow market square all they sell is silver, silver, and more silver, I could believe it.

I've wondered the same type of thing myself for a long time about different things not just real estate, and found that you could get 100 people and 100 different answers from each, mainly because it's a philosophical question. Everyone has different reasons for doing or not doing something and in my opinion that applies to all industries and all job functions.

It's always a matter of timing in finding a "deal" that's right for you, and this all corrolates directly to luck. I don't mean this from a supersticious standpoint - it's just a matter of putting yourself in situations that will allow you to catch "luck" more often than other people, by researching things on a daily basis and working to be the one to see them first and prepared when one comes along. This way a lot of times before anyone realizes whatever you're working on is a great deal, you already acted on it. Perhaps your broker has a ton of sh!t on his desk and doesn't realize what he's got under his nose.

Whatever the case of why he's not taking it, I know that personally if I felt something was a good deal and had to ask why the broker is not taking it I'd be convinced that I should start acting and right then and there. Especially with real estate, it's not like you're bound to your first instinct, the process allows you to back out in a reasonable amount of time and in the meantime you can see if you're getting yourself into a mess or if you just made a deal that you'll be talking about for a long time.

Work I'm definitely not afraid of, but the time is the issue and trying to keep the reg. job at the same time is what may "kill" me for a while. I did the calculation and yeah it will definitely be several years. I also don't want to get myself in the situation where the mortgages are more than the properties in the end, etc. I presume as long as I watch the area and condition of the properties it should be ok. Kind of wish I had started on this earlier tho :)

Thanks for this info - great idea about the TV, I have one of those. No spare car, but there's no driveway anyway. You answered my question why I saw so many run down's with pipes missing. I knew they were stolen for copper resell, but didn't know who'd actually be desparate enough to go through all the trouble. The street I'm on is probably 95% occupied and the neighbors looked "decent", so it seems there's at least a resonably fair amount of neighborhood watch.