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All Forum Posts by: Account Closed

Account Closed has started 4 posts and replied 171 times.

Post: What was Google thinking???

Account ClosedPosted
  • Real Estate Investor
  • Posts 189
  • Votes 32
Originally posted by Ibrahim S:
Not to mention that I thought for days now that I was syncing my GD files with my laptop and tablet only to find out during a meeting tonight that I couldn't get to the files from my tablet without a wifi connection.

I spent at least an hour trying to get the files synced the other night and really thought I had it right. Which makes me reflect on how difficult gmail's email structure is sometimes when I'm trying to find an email.

Am I the only one that thinks Google's apps are overly complicated?

most common for various google apps (especially lab/beta apps n services) to not necessarily work together...that plus google acquires n assimilates a lotta stuff now. even if they're not acquired but just in beta, teams don't coordinate w other product teams unless it's a standard, mature service like gmail... but don't expect the beta plugin or associated apps to work seamlessly w the mature products... for the already mentioned reasons.

their philosophy is "iterate frequently" ... that's why ull notice multiple updates over a months time... they're always adapting to the markets needs.

Dropbox is a great app..stick with it!

Post: cost segregation

Account ClosedPosted
  • Real Estate Investor
  • Posts 189
  • Votes 32

had a cost seg guy do a talk at one if my local rei mtgs and the rule of thumb was that a cost seg these days is worth it for props over 350k and within the first 5yrs of ownership. they do a free cost seg eval for free and give you an estimate of how much they can likely save you before doing the job. his company is nationwide, jobs typically cost about 10k, and he said that he knows of three (including his, of course) who do cost seg PROPERLY. properly - meaning no audit or irs problems from any of the jobs they've done.

Post: Where to invest -- Good areas/Bad areas

Account ClosedPosted
  • Real Estate Investor
  • Posts 189
  • Votes 32
Originally posted by Mike M:
Karen M. says to invest in Orange County, California. That made me laugh out loud. Not only do I live in Orange County, I was born here and my father was born here. My family has been in Orange County since 1902, or close to that year.

I own four properties in Orange County and am selling three of them (keeping the one I live in). Why should I keep a property that the rent is LESS than .5% of it's value? I can buy a house in Texas that rents for $1,500 a month, for around $150,000. In Orange County, I would have to spend a minimum of $300,000 to get rent of $1,500. Even in the most run down areas of Orange County, you would be hard pressed to get 0.75% of the purchase price in rent. And you would have to "carry" to collect rent in those areas.

Orange County is a great place to live, but the time to make money in monthly cash flow is long gone.


@mike m
sure, if u focus on sfr only... the numbers look better when u consider mf...high buy in tho, but ur ratios improve compared to sfr investment. OR if consider a condo/town home as a rental... not necessarily advocating those investments, but the nbrs can work there too...

Post: Where to invest -- Good areas/Bad areas

Account ClosedPosted
  • Real Estate Investor
  • Posts 189
  • Votes 32
Originally posted by Karen M.:
Invest in Orange County, CA.... We have it all here! Home to a large number of Billlionaires and centimillionaires for a reason. Orange County boasts some of the worlds highest valued real estate in the world, some of the largest and most successful companies, world class universities and research facilities, some of the best medical care in the world, famous amusement parks, every type of entertainment and cultural venue you can imagine, all types of sporting events, etc., and draws tourists from around the world, all year round! Plus one of the lowest unemployment rates in California, a highly educated workforce, and high median annual income.

Add to that the beautiful Pacific Ocean that stretches all along Californias beautiful coast, where it's not uncommon to gaze out the car window and see whales swimming. Perfect year round weather, let's people enjoy water sports all year long, and take advantage of all the outdoor activities available.

Whatever anyone is looking for, it's here in Orange County, CA! And.. it all adds up to offer EXCELLENT INVESTMENT OPPORTUNITIES, WITH HUGE POTENTIAL FOR REAL ESTATE APPRECIATION, as the area will ALWAYS be one of the most sought after in the world!

done.. I'm sold! you sound like a commercial for oc! haha

Post: whats a good vacancy rate?

Account ClosedPosted
  • Real Estate Investor
  • Posts 189
  • Votes 32
Originally posted by Steve Babiak:
Originally posted by William Bannister:
... Your probably going to spend time on an apt building around 1 year in its entirety, working the property to get it back to 90% vacancy. ...

William Bannister - It doesn't take any effort to get to the building to 90% vacancy; but I bet it's lots of hard work to get to 90% occupancy. :)

haha... where's the smart @$$ button??

Post: Fair hourly wage to pay a realtor?

Account ClosedPosted
  • Real Estate Investor
  • Posts 189
  • Votes 32

u need to b licensed if ur showing your house and you're not the owner...or you have to b the owner to show your house .. if you are neither of the above mentioned, you can still show, but you cannot disclose anything about the house. lame, I know, but that's how it is in cali land of laws.

not sure how it plays out for rental tho.

Post: Obama LOVES redistribution of wealth-even if NBC won't admit it!

Account ClosedPosted
  • Real Estate Investor
  • Posts 189
  • Votes 32

what I find curious is how they got away w the big mess n shrug off of Benghazi...I look forward to getting to the bottom of that huge cover up of an f-up...

Post: Market Research by Statisitcs

Account ClosedPosted
  • Real Estate Investor
  • Posts 189
  • Votes 32

here's a freebie for dem data:
www.zipskinny.com

but really, have you tried using google to search for dem data in your area? there r PLENTY sources if u search... census is one obvious one and prolly where most of the third party sites like zipskinny n city data get their info from.

Post: How to research school districts?

Account ClosedPosted
  • Real Estate Investor
  • Posts 189
  • Votes 32

you can start with contacting the school district's office to ask for a map (online) showing ea school's attendance boundaries. let them know that you'd like to see the boundary map so u can find out what homes/area specific schools serve.

as for school data, u can find that thru sites like greatschools.org or go to gov site (do a google search) and find API scores to give u an idea of school testing scores per grade.

Post: What Are Best Rental Markets in U.S.??

Account ClosedPosted
  • Real Estate Investor
  • Posts 189
  • Votes 32
Originally posted by James Hamling:
"market vectoring" is a term to define market direction and velocity.

And yes, I know, I have heard it many times "no one can predict that with a formula and accuracy".... well guess what, I can, do, and have within a margin of error of less than 3%. And yes, repeatedly, in varying areas, varying home types. So far only SFH.

My stupidest move was to show it and test it on some associates properties..... now I get e-mails all day long to run a property, two, three, ten......

hi James Hamling,

just wonderg... did u mean u cud accurately asses home value for a property or for a neighborhood (or greater area) or both within a 3% margin of error? or did u mean u cud predict when the market will correct for any given area and at what % of price/value?

I can't see how it cud b the latter question...right?

however, if u strictly mean trending for a specific market/area, that's nothing new there.. unless I'm misunderstandg ur statement/claim...

wud appreciate any clarification/enlightenment if u can... thx!