All Forum Posts by: Sam Stout

     I really disagree that the economy is soaring.  I'd call it a crawl.  Did you look at GDP Q1 2017?  0.7%!  That's the slowest growth in 3 years.  The Fed predicted 3.5% GDP and it was 0.7%....ooops.  I don't believe it's tanking, but I don't think it's ever going to reach Trumps 4% he is promising.  Even 2% GDP is pretty slow growth.  Unemployment numbers are low at 4.5% but those numbers are, and can, always fudged to make us feel better about things.  

     As for Auto loans, this will destruct I believe at some point.  These loans are packaged up and sold to wall street just like sub prime mortgages are.  When you think about it, more people own cars than houses.  I think only 8% of auto loan applicants incomes were verified last year.  

     The way I look at this, (this being a real estate blog) is that if student loan defaults and auto loan defaults create horrible credit customers, home ownership will be down.  A great time to be a landlord!  Job growth is steady, but lenders will not lend to people with bad credit so they'll be forced to rent...just my opinion.

@Mark Ainley Contact Mark at GC Realty

I like @Scott Trench!  He should be on every week.  

Brandon, in you documents you present 10% down acquisition costs.  Who's going to let you buy a commercial investment with 10% down?  

Seller has moved to Europe full-time.  It is currently not occupied.

@Andrew Postell Thanks for your reply.  OOS = Out Of State

@Chris Jackson send me more info [email protected]

Thanks

@Andrew Postell can you expand on that? I recently appraised one of my rental/investment properties and I am at 60% LTV...is it worth pulling out that 10% to buy an OOS duplex? Or would I be better off just using my own funds?

Thanks!

Thanks for your replies everyone, I appreciate the insight.

Thanks for your input.  Definitely a unique situation in the Bay area for building...and I'm not sure the work is really worth the reward.  Ugh...Maybe just put it on the back burner and focus on multi's....Anybody want to partner on a new construction to lighten the load?

@DG A. I'll look into US Bank.  Thanks!