All Forum Posts by: Account Closed

Brian -
That helps a lot.
Thank you.

As you probably know, our market is weird here. Apartment buildings are just as out of whack as houses in Los Angeles. Cap rates of 3 or 4%. And huge negatives with real world operating expenses, unless 50% is put down.

I can see the coop l/o working well here during this portion of the cycle in certain areas. The inland empire and areas of Orange County already. LA is definitely next to really drop. My guess is the Valley first.

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Originally posted by Tim Wieneke:

America is the greatest country on the earth and everyone deserves the right to work with us and have a chance to be great just like us.
Tim

I think that's were many people's opinion's are changing.

The consensus for some has been leaning towards: "America 'was' the greatest country on earth."

Many want to leave now. The election will be interesting in that respect, too.

Most bleeding heart nationalists would simply say: "Then get the hell out." And it feels like many who were on the fence are starting to think: "Yeah, I'm working on getting the hell out"

Me, I'm just here for the chicks and the real estate :)

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I on the other hand really enjoyed the movie Religulous. I think everyone should see it. That Bill Maher is a hoot.

Originally posted by **********:

Well, guess I asked for input and got input! LOL We're discussing beliefs and views and thats great!

"Perhaps you have forgotten that our country began with some of the most "religious" men of their day. George Washington was so bold as to say that one could not separate religion and morality. He also believed that it was impossible to be a patriot and try to take religion out of politics. True reverence for God and His law is the best way to protect life, liberty and the pursuit of happiness even for those that refuse to acknowledge Him. Many early Americans, who were not Christians, understood that Christian principles respect even those who are not Christian. This country was made great by those guiding principles, not inspite of them."

AGAIN, what I wrote was:
We MUST remove religious views and beliefs the best wee can. STRONG Religious views start wars and ward KILL a lot of children and COST OUR CHILDREN Trillions!

You wrote:
"True reverence for God and His law is the best way to protect life, liberty and the pursuit of happiness even for those that refuse to acknowledge Him."

Is that what we are doing in Afghanistan and Iraq? Protecting life, liberty and the way of happiness, even for those that refuse to believe?

GIVE ME A BREAK! It's this type of blind radical thinking that is destroying any chances of life, liberty and happiness for MILLIONs of CHILDREN!

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I just reread all the info in this thread. Thanks for starting it Will. Thanks everyone So much great information.

I still cannot wrap my head around a cooperative assignment

Originally posted by Brian Gibbons:

". An Alternative to Sandwiches is a Cooperative Assignment, where the Owner LO's from a Master TBer (that's you, the REI), Master TBer assigns the deal to s Final TBer for a fee paid in full or some in a Note. (If you are a Principal in the transaction, then there is no Real Estate sales license needed.)"

Let me see if I have this:

The owner LOs (lease options) his own property from the master tenant buyer (me the investor) how does that work?

Then I assign the owner's lease option to a final TB...? I am lost :)

Does original owner deed the property to me, then I L/O it back to him, and then find the final TB so the original owner can assign his L/O over to the final tb. . . : |

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Originally posted by Jeff Tumbarello:

This thread is a bit toxic, why focus on this part of the correction?

I am more focused on the opportunity. Let them do what they do........
I intend to do what I think I should do. Which is better my financial status

Great observation Jeff. I've been participating in some of the toxicity myself. There is no reason for it, save for the drama adrenaline rush. There are better ways to get that. I've been waiting for the opportunities we're about to have over the next few years for a while now. I don't think the bailout is going to get rid of those opportunities.

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I called a rent to own the other day and it was an investor doing this exact same thing. It still sounded a little different than a sandwich lease option. But I don't see how it could be, else he'd be acting as an unlicensed broker. He said he'd walk me though a deal or two for a 50/50 split... To be continued.

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I was just investigating that area. Is it fee simple or on leased land?
Did you investigate doing a "rent to own" or seller financing type of deal?

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Originally posted by **********:

I think we have been spending too much time thinking about what the would thinks about us and not enough time thinking about our own country.

Probably because the world trade center was demolished.

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sent

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Feel free to PM me with the information. If you have some sort of auto emailer thingy that sends out mls listings I can PM you my email address too. Echo Park, Silverlake and such, are great. But they still seemed high, too, last time I looked. If the sellers are motivated enough that they'd consider a terms deal (seller financing), then maybe the inflated prices can still work. Other wise if we did a conventional purchase, I am guessing they'd have to come down a bit for it to make sense on my end.

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All Forum Posts by: Account Closed

Account Closed has started 30 posts and replied 510 times.

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