All Forum Posts by: John Rooster

The only way you can claim a 12% annual return is by starting in 1970, and exploiting the big bull market of the 70s, imo that is not reflective of history, I find this 9.77% pre tax calculation accurate...

http://financeandinvestments.blogspot.com/2012/06/historical-annual-returns-for-s-500.html

But using your 12% number which does not factor in income taxes on gains, I come up with $1,440.011 after 50 years. Using your 12% but deducting 2% for income taxes (so 10%/year after taxes), I calculate $698,345 after 50 years. And by the way, my basing this on a 50 year working timeline is being very generous.

That sounds amazing!!! But it is not close to being true. I set up an excel spread sheet and did a 50 year analysis. Assuming a $600/year contribution and an 8% compounded annually after tax rate of return on capital saved, I came up with a total after 50 years of $344,262. I did another calculation increasing the initial $600/year contribution by 4% per year, I came up with a total after 50 years of $595.924. In 50 years a decent new car will probably cost $200,000.

I agree with the general premise of what Cardone says. I do think a penny saved is a penny earned, but it is still just a penny

Firstly, the people that typically buy these properties, have rehab experience and full time crews, and could probably remodel for $10-$15K per side. Secondly there is the factor of leverage, if you can buy/refi at 80% LTV with a 5% loan, your roi goes up dramactically. Then there are the intangables, expected appreciation, your tax bracket, etc... Last but not least, a bull market in housing brings into play a lot of people that do over pay.

I have never even tried, I am sure it would be a hard sell in my market. I am guessing in my market asking for first, last and security would eliminate 70% of prospective tenants. I am further guessing that first, last, security is only common in markets with long eviction timelines.

You have no idea what research I do in addition to the question I posted on this board. Your assumption is invalid. This is a real estate investment board, I value the real estate related opinions and experiences of the people that post here, and I want to know their first hand experiences with Zillow and Trulia. This is not a stock investment board, I am not looking for stock investment advice from the people that post on this board. Any discussion of stock investment strategies is just a distraction from the question I posted to the board.

I don't know to what extent "cutting them off" would be doable or legal, since I don't know how they are getting their data. There is most likely already a legal precedent already establishing how 'public' MLS information is (which I do not know). Given that there are no large US markets that they do not service, I am inclined to think that there is not much the local MLS can do about, else some hard nosed MLS would have already done it. Please comment if you know specifics about any of this.

I conducted a test today, I changed the price on one of my listed properties. There was a 7.5 hour delay each between the execution of the change by my agent and the changes by Trulia and Zillow. I will conduct further testing in the coming week. I have been told the delay for recolorado.com, the local mls site, is 4-6 hours. So a few hours delay between the "insider" service and Trulia/Zillow seems not so important to me.

You're not providing any useful feedback

I am not looking for the best data. I am looking for the best investment. Recolorado is not something I can invest in.

What I would do depends on what the house is worth, and who the judgment creditor is, which you don't say. My personal opinion, based upon some assumptions, is that the worst thing you could do is call the judgment creditor and try to negotiate the judgment. They have probably forgotten about the judgment, calling them will only serve to alert them of the potential value of their judgement. Assuming there is equity, I would negotiate a purchase price attractive to me so that I could buy subject to the existing judgment, then hold the property till the judgment expired.

I agree with this. I am not impressed.

You still have to texture and paint to make it look good."wait 48 hours to cure"= Fail! HD and Lowes sell small fiber mesh covered 0.005" thick steel squares for $3 or so specifically made for that type of hole patch already that do the same thing as that specialty product. I am guessing the shark tank investors don't spend a lot of time in home improvement stores.