All Forum Posts by: Ray Trounday

I have seen many terms used when referring to performing/sub-performing and non-performing notes such as "Asset type", "Note Type".  If I am evaluating a tape of notes, one could argue that the tape is made of note types such as (performing note and non-performing notes)

Could I get some thoughts on the appropriate term?

Long story short.  There was a no vacancy clause on my fire insurance.  Each property was vacant when the fires took place.  I owe 110k.  Based on my limited research, my estimate is 45-50k.  At $70/ sq ft, I estimate to get 2, 1000 sq ft dwellings that it will cost $140k.  I estimate that rents for a 2 bedroom 1 bath would run $650 -$700.  Thanks in advance.

I have a R3 zoned lot in North Phoenix.  The property originally had 2 separate single-family dwellings but had to demolish because of 2 separate fires.  Now, I am left with land with no income and ~$1k monthly mortgage and property payment.  Any advice?

Thanks,

Ray

Thanks for all the replies. I am truly humbled by the attention everyone has provided in their responses. Thanks again!

Thanks Bryan! I have a followup question. When you say "understand your market very well" Could you provide examples of items that you need to understand in markets that you invest?

Thanks in advance!

I am new investor and would like to pick the brain of folks who invest in real estate. I am particularly interested in understanding what criteria folks use to identify the the potential markets that they invest in.

I am in the process of working with local Architect/General Contractor in creating preliminary plans for a condo/townhome subdivision in North Phoenix on a R3 lot. Given the real estate market condition and redevelopment location of the property, I am entertaining working with the city to develop low-income housing for qualified families. Does anyone on the forum have any experience in working with the city on such a project? If so, any pearls of wisdom you'd like to share.

Thanks,

Ray