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All Forum Posts by: Account Closed

Account Closed has started 9 posts and replied 390 times.

Post: property lines not clear

Account ClosedPosted
  • Riverside, CA
  • Posts 412
  • Votes 296
Originally posted by @John Lewis:

The property Nextdoor goes down the center of my subject property and another is in the drive way. It’s like 4 property maps over one another. A real mess but the $2k is fair price I check with 3 companies 

 Buy a hand held GPS for $65 and walk the property to the markers on the title report. That will tell you if you need a surveyor or not. I did that with my 80 acres in the Oregon outback ( you lose sight of people at 40 acres). In my case, when they laid down the disks in 1880, they were spot on which is remarkable when you think about it.


.

Post: $3.4B value of a life? 593 deaths $2 trillion stimulus

Account ClosedPosted
  • Riverside, CA
  • Posts 412
  • Votes 296
Originally posted by @Kirk R.:
But, it's outdated already, I'm afraid.
Larry Kudlow said today that it will be closer to $6,000,000,000 - six trillions dollars, not two trillion. Sigh . . .

Thanks.  Yeah it is moving extremely quickly.  You've got 6 billion.  need 3 more zeroes for trillion.  What's after trillion (gazillion) ? my 1st time using these large of nunbers.  Maybe one day my real estate empire will be worth "1 gazillion dollars!" 

Here is a billion dollars in $100 bills


Here is a trillion dollars in $100 dollar bills - You have to look
closely but that is a full grown man next two a double stack of pallets

So, here is Two Trillion dollars in $100 dollar bills

Post: $3.4B value of a life? 593 deaths $2 trillion stimulus

Account ClosedPosted
  • Riverside, CA
  • Posts 412
  • Votes 296
Originally posted by @Kirk R.:

Where's the BP Pandemic life value spreadsheet that feeds into the rental property calculator? :(

Doing these kinds of calculations just feels depressing.


$200k Ford Pinto Value of a human life 1972 (1)
$10M EPA Value of a human life 2016 (2)
$3.4B CV Value of a human life March 24, 2020 (sadly most likely will go down quickly as more deaths occur)

593 cv deaths 46k cases March 24 in us (3)
Highest potential US death number I've seen is 1.7M. (4)

What 1,000,000,000,000 (trillion T) looks like. 1st time I've ever used the T.
1.7M deaths x$10M is = 17,000,000,000,000 ($17 trillion)
$2 trillion proposed stimulus package (6)
$21T 2019 us GDP (7)

330M us citizens.
52 million > 65 yrs old
death rates
.5% 15 to 65 (5)
2.7% over 65 (5)


$2T/$10M = 200,000 deaths saved?

$2T/593 current deaths = $3.4B/death

$2T/1.7M deaths = $1,176,470



OBVIOUSLY, Hopefully CV disappears quickly. Or a Vaccine is discovered. If it drags on, maybe high risk people isolate. Everyone else buys a mask washes their hands & life continues. Also helpful Test kits, PPE for health care, & Ventilators become available.
Finding good numbers/data for this was really tough with how quickly things are changing. IMO this is what fed government should be doing.

..................

little scared creating this topic.

I would think that government economists in conjunction with cdc would have already run these numbers & passed them to congress & the senate to use some logic on the stimulus package. but like the pandemic office is gone, maybe the leadership got rid of the economists too. or the economists are afraid to show such a report because leadership might look at the page number of the report & think that was the current #of cases in the us (sarcasm). "Different numbers. All different numbers. Very large numbers. And some small numbers too, by the way."

sources:
(1)https://users.wfu.edu/palmitar...
(2)https://www.bloomberg.com/grap...
(3)https://coronavirus.1point3acr...
(4)https://www.google.com/amp/s/w...
(5)https://www.statnews.com/2020/...
(6)https://www.google.com/amp/s/a...
(7)https://countryeconomy.com/gdp...

Great points.
But, it's outdated already, I'm afraid.
Larry Kudlow said today that it will be closer to $6,000,000,000 - six trillions dollars, not two trillion. Sigh . . .

Post: Anyone have experience with Mike M. ?

Account ClosedPosted
  • Riverside, CA
  • Posts 412
  • Votes 296
Originally posted by @Noel R.:

@Scott B. I did not. It appears this dude promotes the ish out of himself wherever he can on here and may have success but no one wants to vouch for him

I've bought two from him and I'm getting ready for my next one. I can vouch for him. Have you tried to reach out to him directly? Anyway, he has a program that if you buy two he teaches you to do what he does. I'm in that program and I can confirm he is real and it works.

But, who are you?

Post: What will be the impact of the Coronavirus crisis on real estate?

Account ClosedPosted
  • Riverside, CA
  • Posts 412
  • Votes 296
Originally posted by @EJ K.:

@Account Closed

Here is a Wikipedia article describing one of the websites he used as a source.

https://en.m.wikipedia.org/wik...

Let me guess... wiki is far left and biased?

That is a canard (a false or baseless, usually derogatory statement) I didn't say to trust the website, I said to check with the doctor and his credentials. Which apparently you are signing off because you are afraid to seek the truth and ask the actual doctor for yourself. You certainly are dangerous for any patients you may have. Professionally one would think they come first in your practice but I see that your need to be always right (no one is) outweighs your commitment to their health and safety.

Post: Does IRS really go back 25 years

Account ClosedPosted
  • Riverside, CA
  • Posts 412
  • Votes 296
Originally posted by @Diane G.:

I understand that we are supposed to keep all tax records for as long as we hold a rental property, technically.....

What if I have a property for 10+ years and still holding it?  Should I really keep all these years of tax records? Does IRS really check all the expenses over all these years?

Thank you...

 I know of an investor that had a $525,000 tax lien from an unfiled tax year 6 years previous. Sounds like a lot until you learn that the IRS assumes the sale of a property is 100% profit until you file. He had sold a house but had not filed his taxes. The IRS gets a copy of the sale as a matter of course anyway. There is no hiding it.

Anyway, 6 years later, my buddy hired an enrolled agent who contacted the IRS to resolve the issue. The IRS looked at 10 years surrounding the year in question and everybody determined that the records were so poorly kept and that what little documentation that was available was indecipherable, so they couldn't determine if any year's filing was accurate. They basically gave up, simply pulled a number out of the air, about 15% of the $525,000 minus acquisition cost of $395,000, so about 15% of $130,000 then put him on a payment plan and since he made the plan payments on time, they never bothered him again. I wouldn't advise anyone take that route, but that was his experience. 

I think the things that played well into it for him were that he used an enrolled agent, they contacted the IRS and he showed good faith and made his payments on time.

Post: Coronavirus deaths 348 Since Jan 1 - Flu deaths 23,000 Since Jan

Account ClosedPosted
  • Riverside, CA
  • Posts 412
  • Votes 296
Originally posted by @Eric X.:

@Account Closed  The US response to coronavirus has been terrible.  Although this isn't going to be a walking dead scenario...you don't want the USA to become Italy.  Issue is that this is very easy to transfer and survives quite a while even in people with zero symptoms.  It puts the elderly and people with pre existing respiratory issues at great risk.  Just because the number of fatalities is less than the flu doesn't mean it doesn't need to be taken seriously.

There will always be ones to take advantage of a falling market.  That won't change.  The reason the market came down is to prevent needless infections and deaths.  Flattening the curve is a real thing believe it or not. You might be fine where you are at but places like NYC are getting hammered and hospitals are at capacity of higher. 

Panic? probably bit too far but it is probably prudent to be safe & cautious

There were 15,000 people A DAY arriving from China into the ports of L.A, San Francisco, Portland, Seattle and Vancouver and traveling all over the country since over a year ago. That's over a million people from China into the U.S. since China announced their first case of coronavirus. That has been December, January, February and now March.

Where is the carnage? It's hysteria and sadly people are buying into it.

By the way, the malaria drug chloroquine effectively stops coronavirus in it's tacks and supplies are being provided to hospitals for the the very few people that actually become seriously ill.

Two thirds of the people infected are not even aware. You have been in close proximity to hundreds of people who've been infected if you live in a city or town.

Out of all that, 348 deaths. Mostly centered in Kirkland & a couple of other places.

The regular flu has killed 23,000 people in the same time.

The facts are the facts.

Still, wash your hands, and stay away from old people for a while. ;-)

Post: What will be the impact of the Coronavirus crisis on real estate?

Account ClosedPosted
  • Riverside, CA
  • Posts 412
  • Votes 296
Originally posted by @Michael Masters:
Originally posted by @Account Closed:

@Justin Kurpius

No my view hasn't changed. Why should it? I think we are in dangerous times. Some democrats are still trying to win the election rather than win the war as our President calls this. 

As an independent who has voted for both Republicans and Democrats in each of the last 4 elections, I ask that you remember to keep politics out of this. I prefer not to hear how this is all "a democrat hoax" and how we shouldn't worry because "it’s like a miracle — it will disappear".

It's a GREAT TIME to buy Real Estate

U.S. Coronavirus deaths 348 Since Jan 1 - U.S. Flu deaths 23,000 Since Jan 1 - numbers from the CDC

Do you see the irony?

Panic, Panic, Panic. and for what? Follow the money. Who gains the most by setting the word in PANIC?

Watch the Stock Market, who is trying to crash the market so they can buy low? Who is trying to scare hoards of people who don't read the facts?

The mortality rate for the coronavirus in the US continues to fall as more and more Americans are able to be tested.

After several days of testing in the US, the numbers are starting to look closer to what you would expect from a harsh flu season.

PERSPECTIVE:
** The 1918 Spanish Flu Pandemic killed 675,000 out of US population of 103,268,000 or about — 1 in 200
** The 2020 Coronavirus has killed 218 (so far) out of a population of 333,546,000 or less than — 1 in a million

(Still, as my mother would say "wash your hands and don't pick your nose", anyway)

Post: Coronavirus deaths 348 Since Jan 1 - Flu deaths 23,000 Since Jan

Account ClosedPosted
  • Riverside, CA
  • Posts 412
  • Votes 296

U.S. Coronavirus deaths 348 Since Jan 1 - U.S. Flu deaths 23,000 Since Jan 1 - numbers from the CDC

Do you see the irony?

Panic, Panic, Panic. and for what? Follow the money. Who gains the most by setting the word in PANIC?

Watch the Stock Market, who is trying to crash the market so they can buy low? Who is trying to scare hoards of people who don't read the facts?

The mortality rate for the coronavirus in the US continues to fall as more and more Americans are able to be tested.

12 days ago the US coronavirus mortality rate was 4.06
Today the mortality rate is down to 1.29%!

PERSPECTIVE:
** The 1918 Spanish Flu Pandemic killed 675,000 out of US population of 103,268,000 or about — 1 in 200
** The 2020 Coronavirus has killed 218 (so far) out of a population of 333,546,000 or less than — 1 in a million

(Still, as my mother would say "wash your hands and don't pick your nose", anyway)

Post: Coronavirus & monetary stimulus effect on real estate - buckle up

Account ClosedPosted
  • Riverside, CA
  • Posts 412
  • Votes 296

The government is talking about stimulating the economy with One Trillion dollars ($1,000,000,000,000). Does that number even exist? Yes, it is actually a number. The question is how much is it and how will it affect real estate. So, here it is:


What does one TRILLION dollars look like?

All this talk about "stimulus packages" and "bailouts"...

A billion dollars...

A hundred billion dollars...

Eight hundred billion
dollars...

One TRILLION dollars...

Let's try to get a sense of what exactly a trillion dollars looks like.

We'll start with a $100 dollar bill. Currently the

largest U.S. denomination in general circulation. Most everyone has seen
them, slighty fewer have owned them. Guaranteed to make friends
wherever they go


A packet of one hundred $100 bills is less than 1/2" thick and contains
$10,000. Fits in your pocket easily and is a real restate agent's
decent commission on a sale.



Believe it or not, this next little pile is $1 million dollars (100
packets of $10,000). You could stuff that into a grocery bag and walk
around with it. Watch for abandoned bags next time you are out and about
you never know what may be in it  . . .



While a measly $1 million looked a little unimpressive, $100 million is a
little more respectable. It fits neatly on a standard pallet...





And $1 BILLION dollars... now we're really getting somewhere...


Next we'll look at ONE TRILLION dollars. This is that
number we've been hearing so much about. What is a trillion dollars?
Well, it's a million million. It's a thousand billion. It's a one
followed by 12 zeros.

You ready for this? It's pretty surprising.

Go ahead... Scroll down...

Notice those pallets are double stacked.
...and remember those are $100 bills.

So the next time you hear someone toss around the phrase "trillion dollars"... that's what they're talking about.