All Forum Posts by: Toby Munk

Let me see if I understand you correctly. At $100/sqft a 1000 sqft home would cost you $100k (not rocket science, I know)

It would rent for $800/month. That is 12*$800 = $9,600/year That is a 9.5% ROI. With mortgage rates in the 6% range.

Now the question is, is there rental demand? Sounds like if one can rent the prices look OK where they are. If there is NO rental demand then all the financial calcs are for nothing.

So at 6% that would translate to:
$160k for 1000 sqft
$280k for 2000 sqft
$360k for 3000 sqft

Break even on all 100% financing at 6%. What are actual prices to buy these? That way we can predict where the floor might be.

The forum is addictive, so you might be right!

The "nofollow" tag is used to tell google not to count a link as a vote. It will not distribute page rank to the link. This does NOT prevent the search engines to index the page.

So a link to you on a page where the href HTML statement is preceded by the nofollow tag is worthless for you in terms of SEO

After spending a lot of time on the site over the last week or so I thought I introduce myself.

I also already had the "honor" of getting 2 mails from Josh about linking etc.. I guess learning by doing.

So I live close to Aspen on a great property that we bought a little over 2 years ago. I am a full time real estate agent with Aspen Sotheby's International Realty. I started about 3 years ago and it has been a wild ride.

My background is in finance. I hold an MBA from Hofstra University and was a trader of financial and commodity derivatives in London, Houston and Amsterdam.

I am really more a buy and hold REI. I bought about 300 acres near Breckenridge 11 years ago and have not touched them yet. I envy the people that live in places where real estate investing on a sound financial basis is possible. Aspen is not a place like that. But I should stop complaining, I love it here.

Looking forward to much learning and sharing.

Ah.. it seems like the # of posts is a dynamic number. So always shows the number of post current not at time of posting. So with the knowledge that you had 200 postings on Oct 31 and have 350 postings today we can conclude that the postometer shows you making about 1.28 posts a day. ;-)

You might be laughing, but here in Aspen you can not find a residential property that has a ROI of more than 2%-3%. So nothing breaks even with a high LTV mortgage.

It has been like this for decades in this town. Needless to say that investment is geared toward appreciation in Aspen.

It would be helpful to understand what the rental market is in that area. Can anybody enlighten us as to rental rates for homes. That is probably the best indicator for where values might end up in the future.

Thanks guys.

I would never live that close to power lines. I am sure there are more people like me, which automatically cuts the potential buyers on a re-sale.

I think there would need to be a substantial discount on any real estate that close to power lines.

I have to admit you have some ball. For all yo know there could be a conservation easement on the whole 200 acres and you could do nothing with it?

I would suggest to check these things out before an offer or while under due diligence before the contract goes hard.