All Forum Posts by: Dan Z.

I was having lunch in Jackson MS one day  and I asked the banker  How these young doctors were buying 500 to 700k homes and furnishing them and driving Benz's .. I had rented a home short term in one of the most prestigious neighborhoods in Madison MS  and during my walks and stuff would just notice how young some of the homeowners were and they were wearing scrubs ,  So I curious how Young medical professionals could be buying that  expensive of place.. and I knew they owned because there were only 2 rentals in the entire development ( as CCRs did not allow rentals) the 2 were owned by the developer and I was in one of them. 

Banker said in their market for Doctors they has a zero down program  ( I did not inquire about rates.) they must bank with them so auto draft.. they would also give another 100k for furnishings.. as they knew the wife would need that.. 

So that's how it was done there..  I am not familiar with that program on the west coast not that it may not exist but I had never heard of it or saw it..  My core bank in Oregon banks a lot of dentists and Doctors but they don't do resi loans. just business loans for their practices.  And I know those will get zero down type deals. 

I was waiting for Mr. Young entrepreneur Lambo owner/driver to comment.. its interesting from someone of your age and success to learn your thought process.

AS for Jets  maybe try the Jetsmarter app I have that one.. I have not activated it yet but tempted.. . you can get rides on G 4 one way from Vegas to NYC for as little at 2500.. I am going to try it once and see how it goes.. now my thought process is this is where a lot of millionares will be and B C grade entertainers.. give me 4 hours and they cant get away from me and see if I can come up with some great contacts.. Just think of all the people on this site .. who say HOW do I attract private money.. well thats one way..  :) let you know how it goes.

 Jin Wah 

 places rents went to zero in the 08 crash  PHX  VEGAS  parts of FLA  parts of Atlanta  Detroit  and many other urban core areas.

Central CA  inland empire..  Not all rents but enough that investors lost properties in record numbers.

rents in Portland held did not really go up or down.. but Commercial got hammered I remember coming back from my exile in the deed south and going to dinner one night at my favorite Chinese place and the strip mall was 80% dark... go today and its 100% full..  I had personal friend lose 2 shopping centers in Denver during those days... insurance company foreclosed.. simply not enough rent to cover debt service and he would have to cut 250 to 350k a year checks to keep them he did that two years and folded.. I suspect now its going great one of the centers was BRAND NEW CONSTRUCTION.. but the 600 homes that were suppose to go in next door got shelved. 

in a 08 style melt down NOTHING is immune some areas trundle through other areas its mass extinction. 

Also ask the seller who their current insurance is with to get a quote possibly from that company.  We had a similar older property in RI and it was painful to get a quote and expensive to insure. However we did have things that needed repair.  

The companies we have used were through a commercial insurance broker but local so Merrimack and Quincy who probably don't write in your area.   The biggest impact on price and availability  aside from repairs was the lack of a fire hydrant nearby, not an issue in the city I would think.

Hi Dan,

Have you tried Fireman's Fund?