All Forum Posts by: Chris T.

If I had to loan (invest) money at 5% for 30 years then I wouldn't be too excited about lending money either.

If the the rates go up then the banks may be more willing to loan.

Ok, thanks everyone.

Harry, your feedback really answered my question.

I can pretty much delete that part of my list now because it means nothing to me as a wholesaler! I don't think........

Thanks Jon,

I have a list that has:

Owner Name
Owner Mailing Address
Owner Property Address
Sq Ft
Bdrms/Bth
Year Built
Current Assessed Value
Equity %
First and Second Mortgage Info
Homestead Y/N
Loan Type
Improved %
Improved Value
and a bunch of information about Last Sale and Prior Sale

Regarding depreciation, if a $100,000 house has an improvement % of 80 then would that mean that the house is worth $20k???? or what.....?

What does "Improved %" and "Improved Value" mean regarding real estate?

Hi Jeffrey,

If everyone walked around with a bag of gold then they could be as cool as you!

At this point in my career cash is king. So, I would cash out then re-invest it over and over again assuming the same time frame of the aforementioned buy and hold strategy.
As they say, "A bird in hand is better then two in a bush."

My strategy would be geared more towards rapid growth in the early stages to build up a large cash reserve, and operating capital so that I could more effectively manage a larger portfolio long term in the future that would be more of a slow and steady growth strategy.

However, if I were you, I would consider taking the offer and developing another near-identical project, sell it, and repeat.

Well if we don't get someone else to represent the "Tea Party" besides Sarah Palin then it would at least "appear" as if we went from Dumb to Dumber to Dumbest! (That is if she's the next pres)

She may not be a moron but she doesn't do a very good job of being perceived otherwise. I may identify with Jed Clampett's values but I certainly don't want him representing them!

"I'm good enough, I’m smart enough, and dog-gone it ... people like me." Stuart Smalley
:joker:

Yeah I'm with you.

It's not really a good way to win friends but, it certainly isn't illegal to purchase land that is for sale.

In fact, I would probably put up more of a fight with the condo then the owner did because the land legally belongs to him. Just because people don't like it doesn't make it right to completely ignore the law. And to hear people say he should be sued for buying and selling real estate is crazy talk.

LOL! :lol: