All Forum Posts by: Don Levy

I could have sworn I heard him say that he was going to push the TV converter box deadline back to June or something. Whatever happened to that? Has anyone heard anything more than Feb. 17 is the deadline? I'm on cable so I really don't care except for it being another in the list of "rookie" mistakes.
donrock

There was one optimistic report yesterday when the homes under contract increased by almost 7%. My concern as a retired mortgage broker is what percent of those will actually close. They all might have pre-qual letters when they made the offer but when the paperwork gets to the underwriter things may change. Hopefully a high percent of them will close as it might help start the recovery.

donrock

Welcome to the forum Lisa. It sounds like you folks will be a great addition to the practical side of the RE spectrum. I'm sure a lot of people just starting out will be happy to hear some of your war stories.
Good luck,
donrock

Welcome to the forum Chris. If you're looking for ways to further your RE career you have a good chance of finding them here.

Good luck,
donrock

Welcome to the forum Bob. Unfinished new construction sounds like a challenging but fun part of RE investing. Share your experiences in it when you find the right property.
Good luck,
donrock

Nancy welcome to the forum. As someone who gave up a RE license twice because it was counter productive to dealing in foreclosures I would say use the time to study investing instead of trying to get a license.
Good luck,
donrock

Welcome to the forum Brian. You've come to the right place to network and I imagine you'll get acquainted with a few wholesalers also.

Good luck,
donrock

Mike you are being a little too cynical. Just because someone has the real cap rate doesn't mean he will succeed or fail. As an ex-appraiser who had to use cap rates as an indicator of value I know that someone who knows what he is doing can rely on a cap rate to make a prudent real estate decision.
Cap rates are immaterial to most investors because they don't know how to use them. Just because I said you are cynical doesn't mean I don't agree with many of your views.

Good luck,
donrock

In your offer ask to see the books. You want actual figures not estimates. If you think the figures are not entirely correct back into the price you offer for the property. Use the cap rate you want and base your offer off that.
Good luck,
donrock

Normally I'd say to stay with what you know ie. office buildings but it sounds like you've found a good one to deviate with. Just make sure you've got all the figures to support that cap rate.

Good luck,
donrock