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31 July 2024 | 27 replies
I later heard but never exactly why, that the place was an absolute money pit and the buyer, who was very experienced, regretted buying it big time.It is interesting, but I ALWAYS do at least a bit of research on the prior owners and have found few "hard luck" stories, at least as far as either higher or high priced single fams go, they're by far the same story where the owner makes the financial decision to walk away, mainly due to the insane HELOC's etc they were giving out, like 125% of home's current value back in like 2006, so now they'll owe literally like $750k on a home that IF in great shape would at best fetch $500k, PLUS they trashed or semi-trashed the place, so they'd be really lucky to get $400k as is and often they may be business owners or whatever and have a relationship with a local bank who will then know "the whole story" behind the big hit they take to their credit score and not treat it nearly as harshly as the average Joe, who's practically banned from even entering the bank for years!
29 July 2024 | 6 replies
We also have absolutely insane tenancy laws designed to protect tenants and make landlords' lives difficult.
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29 July 2024 | 6 replies
I own two homes in San Diego and one in Scottsdale - do I branch out or stick to what I know?
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29 July 2024 | 9 replies
Insane shelter in place rules have resulted in an $80 billion state budget deficit.
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29 July 2024 | 21 replies
Battery tech is changing the game but it's insanely expensive.
26 July 2024 | 49 replies
Borrowing money at 3% at a 5 or 7 year ARM is fine at the beginning, but none of these clowns thought that maybe there will be aggressive rate hikes coming down the pike.
1 August 2024 | 125 replies
The criminal justice system is insanely unfair and if you do give someone a break who has had a tough time, they may reward you with loyalty.
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27 July 2024 | 26 replies
I have been there, and know it is an insane place, but that wouldn't necessarily make it a bad investment, especially with limited resources as a start, no?
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26 July 2024 | 7 replies
Are you looking to invest locally in San Francisco, or are you open to out-of-state options?
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24 July 2024 | 4 replies
@Chris Seveney Yes, and it sickens me to see so many folks commenting "More info please" and then DMing these clowns like crazy!