All Forum Posts by: Dean George

250/300 = 83%

:roll:

also, if you read these boards a little bit more, buying in at 83% of market value, in this buyers market, isn't going to get you very far in making a real go of the RE business.

Unless you are buy/hold (waiting for the magic appreciation), that's going to be a huge cash drain unless you can rent it for ~$4k/month

I am neither a professional investor, nor to I dabble in raw land.

that said, living in oregon, I have researched this, and I came up with one word for myself...... over-priced.

I am sure development will continue to happen, but the area will never be a South Beach/etc etc.

Beautiful country, no question, not I think you pay a premium beyond what most consider a solid value.

helluva a reply boys, especially wheatie.

I think the point Tim made is paramount here. You've got the rubber on the road. If you step back and look at the deal, and hear what others have to say, you are going to learn just a boat load about where to go from here.

There are two sides to every deal, and it's cool that you're on your way within the confines of what works for you.

obviously the rents are premium priced for short stays/furnished places.

I have heard success stories from those renting out middle/high end places to professionals, executives, etc who will be in an area for a month or two, and don't want a hotel lifestyle.

Those types 'generally' cause a lot less trouble than most rental niches it seems.

I'm quite interested in this as well, and am leaning towards it for my REI because I can then have some vacation homes for myself as well :)

"Last thought..If you don't have $5000 in CASH,NOT BORROWED from family or anyone else,you have no business trying to buy property.!!!"

Presumably you meant $50,000?

If $5,000 cash got the approval to buy houses around here.... jeez....

This is one of the more insightful one liners I have read here.

A true warning to new investors and wonderful foreshadowing for the seasoned pros.

Not yet convinced that pouring my time and energy into RE will yield appreciably better results than pouring it into the businesses I already own.

Been spending lots of time doing math about it all, and the business continues to win out with cash flow, profitability, and wealth accumulation compared to time and energy expended on RE investment.

I'm still very interested in the idea, but I need to be convinced before I go down the road. A crowd of people all clamoring to doing something is usually a sign that I don't want to be doing that.

I guess we're both saying the same thing, I'm just more mad about it.

If I call a corporation directly and their sales people lie to me directly, that is way passed the realm of 'bad business' and is a SCAM in my opinion.

I appreciate the link, I learned my lesson and hopefully won't get scammed by their staff again.

I just went through this with one of my businesses. Literally, last month, I just did this.

Bank says.... you have a slow payment on something.

I say, sure as hell no way I have a slow payment.

Call D&B, already have my free DUNS #.

Hey D&B, what's up? Ok, only negatives can report to your score.
Until you pay $250, we can't report positives.

Are you ******** me I say?

No sir, serious.

So I pay my money.

Transfered to someone in India who can't help me. Call back, and get the same transfer treatment.

Unless you are getting something of value that I am not, this is called a SCAM.

My banker says it's a SCAM (but told me to play ball, as they pull D&B credit reports for all business requests).

Every single professional I know has said it's scam, and I run more than one business.

Now, like I said, SCAM or not, it might STILL be of interest, or value to some people. It sounds like it is to you, and you have some reason to protect some crappy company like D&B.

I'm going to trust my banker, my experience and my business associates more than you here.

It's a SCAM, because you have to pay them to allow 'positives' on your credit report. But, they can put negatives on it at anytime. But only negatives.

It's basically extortion. But as I have said in other forums, their extortion might be a worthwhile investment for some companies.

If you know it's a SCAM going in, you still might need their services, just don't let them take you for a ride.