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All Forum Posts by: Hersh M.

Hersh M. has started 58 posts and replied 280 times.

Post: Amazon HQ2 - REI Opportunity?

Hersh M.Posted
  • Engineer
  • Carlsbad/San Diego
  • Posts 285
  • Votes 97

No takers for Mexico? Lol. 

Post: Now this is ridiculous: $782,000 over asking in Sunnyvale

Hersh M.Posted
  • Engineer
  • Carlsbad/San Diego
  • Posts 285
  • Votes 97
Now this is ridiculous: $782,000 over asking for a house in Sunnyvale

http://www.mercurynews.com/2017/09/12/now-this-is-...

Post: ​Newbie Looking To Invest Out Of State

Hersh M.Posted
  • Engineer
  • Carlsbad/San Diego
  • Posts 285
  • Votes 97

@Sunitha Rao Welcome to BP. Good to see a tennis star here. :) 

Post: 0-25 units in four months and it all started with Bigger Pockets!

Hersh M.Posted
  • Engineer
  • Carlsbad/San Diego
  • Posts 285
  • Votes 97
Originally posted by @Collin Schwartz:

Hersh M. I use commercial lending. It allows me to purchase using an llc, often times no appraisals needed, and much quicker turnaround.

 But arent you worried about rate risk after 5 years? 

Post: 0-25 units in four months and it all started with Bigger Pockets!

Hersh M.Posted
  • Engineer
  • Carlsbad/San Diego
  • Posts 285
  • Votes 97

@Collin Schwartz Congrats!! Why 5 years fixed and not 30? 

Post: 2017-18 Housing Bubble?

Hersh M.Posted
  • Engineer
  • Carlsbad/San Diego
  • Posts 285
  • Votes 97
Originally posted by @Russell Brazil:

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch

Post: what do you think of this Denver downtown MFH

Hersh M.Posted
  • Engineer
  • Carlsbad/San Diego
  • Posts 285
  • Votes 97

@Diane G. Are you active or passive investor? From what I understand @Account Closed is highly active. :) Just 2 different approaches. 

Post: Any REIT investors/traders here on BP?

Hersh M.Posted
  • Engineer
  • Carlsbad/San Diego
  • Posts 285
  • Votes 97
Originally posted by @Diogo Marques:

The only REIT i look at is the one with companies from Sam Zell.
They have to pay 90% of the earnings but you don't have a way of trusting the manager. Sam has a solid track record. You have to understand that REITS are not a real estate investment. It is a stock you have absolutely no control of.

 Are they publicly traded? What are the ticker symbols? 

Post: Any REIT investors/traders here on BP?

Hersh M.Posted
  • Engineer
  • Carlsbad/San Diego
  • Posts 285
  • Votes 97

Would like to connect and discuss ideas. VNO got hit this past week. Are you buying? How about NLY? 

Thanks!

Post: Foreigners snap up record number of US homes

Hersh M.Posted
  • Engineer
  • Carlsbad/San Diego
  • Posts 285
  • Votes 97
Originally posted by @Chris Mason:

I may have taught one or two of them, or maybe a few more, what it means to "season funds" so they could leverage & get a mortgage. Whoops. 

 Lol. BTW, from what you have seen, what is the main motivation for these folks to invest here? I would assume lot of these purchases are all cash for wealth sheltering, right?