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20 July 2015 | 11 replies
And there are plenty of deep pocketed investors out there who will listen to NPR's upcoming This American Life piece on the slumlording professor of Mobile Home University - and instead of wrinkling up their faces in indignation, will instead salivate at a potentially discounted investment class.He appears to be an adherent of classic deep value investing - going back to Graham, and currently espoused by any number of value adherents, perhaps most cogently by Seth Klarman of Baupost Group.The classic value play is to patiently sit on the asset until the market recognizes its true value, the asset price rises (ie cap compresses) and you unlock the true value of the asset you bought so cheaply that you had the "margin of safety" as Graham put it, and Klarman titled his legendary book.But rather than wait for the market to recognize value - Rolfe is trying to teach the market.Rolfe doesn't believe in buy and hold forever - he wants to unlock value and appears to really believe his assets deserve lower cap rates than they are given.I think he is probably succeeding in helping to single handedly move the market.
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30 March 2014 | 18 replies
I have a great listing agent horror story I could share one time, if I decide to sit and write my book for a year or two :)Yes, it's not uncommon to find crappy agents.
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14 March 2014 | 4 replies
And you will slowly sit back and watch those $15k profit shrink, either in price reductions or in holding cost, even in negotiations.
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20 March 2014 | 20 replies
Disposal of fluids can be done properly, it's when they aren't you can have an issue.Noise is another issue to be covered generally, so revving up an engine constantly (as if they think they know what they are doing as old hot roders did) can be a noise issue.My lease prevented the tenant from keeping any inoperable machinery on premises or parts thereof, which meant all vehicles, lawn mowers or any gadget had to be operable, vehicles had to be titled, licensed and insured.The outside had to be free of clutter, trash, salvage or personal property not designed specifically as lawn furniture or for outdoor cooking and such was to be stored from view from the street when not in use.Those types of covenants will take care of a vehicle on blocks or an engine sitting in the yard.I wouldn't say anything about some minor repair being made to a vehicle, where do you draw the line, changing a windshield wiper or adding fluids or pulling the transmission. so long as it's done in the day and operable, doesn't cause toxics to spill, doesn't produce unwanted annoying noises, isn't a safety issue, is kept clean and neat, what's the issue?
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4 December 2019 | 49 replies
I'd have to take his money and let it sit in my bank account for 90 days before anyone would even consider it to be mine.
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19 March 2014 | 3 replies
Trusts are usually not something you would consider starting out and where your in-laws are sitting on a large capital gain, they likely cannot transfer it into a trust without realising a gain - hopefully I am wrong and your team (accountant and solicitor) will know a way it could be done.
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22 April 2014 | 19 replies
Hardly anything sits on the market very long.
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21 March 2014 | 25 replies
To do so would have require more sitting on the sidelines than I could handle.
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20 March 2014 | 2 replies
However, I figured that land was doing me no good sitting there, and I did not want to sell an asset, particularly when I could own it outright.
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20 March 2014 | 3 replies
I located a hotel that had been remodeled back in 2010ish and was still sitting vacant, Come to find out the owners have filed for bankruptcy and the property is about to be foreclosed on by the city itself.