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#461
05-14-2012, 9:32 PM
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GARY SHILLING: Home Prices Will Plummet 20% From Here
Read more: http://www.businessinsider.com/gary-...#ixzz1uuDCYF7G
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You can teach me lots of lessons You can bring me lots of gold But you just can't live in Texas If you don't have lots of soul Doug Sahm 
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#462
06-05-2012, 1:48 PM
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We are debating owning or renting when we move in April. Downsizing for sure. Gotta have a fenced yard for the dogs. If we can buy a home in foreclosure or a government owned home (HUD or Fannie) that may be our best choice. Will be moving closer to Collin College main campus for Jon. Renting is actually becoming more expensive.
Home rentals — the new American Dream? SOURCE
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You can teach me lots of lessons You can bring me lots of gold But you just can't live in Texas If you don't have lots of soul Doug Sahm
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#463
06-05-2012, 11:13 PM
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"Bother," said Pooh, as he reloaded.
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#464
06-06-2012, 12:15 PM
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__________________
Number 1: Every single IRS employee from top to bottom should immediately be put on unpaid administrative leave until the gangs of sharks, liars, thieves and pranksters are discovered and prosecuted To The Fullest Extent of Federal and State Laws ... RICO statutes applied, UnConstitutionality discovered and Treasonable Offenses established. ... There is no number 2.
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#465
06-06-2012, 12:40 PM
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North Texas (north of Dallas) - we had a major uptick in home valuation after 3 years of down. Slightly below our highest valuation since we built in 2000.
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William Wallace: It's all for nothing if you don't have freedom. William Wallace: Every man dies, not every man really lives. *** Avatar *** Final picture at daughters wedding - 2 June 2012
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#466
06-14-2012, 10:24 AM
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Foreclosure rates rising nationwide:
Source Some analysts say it is just a result of the banks catching up. But with whole bunches of new supply entering the market, prices must fall, according to supply and demand theory.
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.. There comes a time when the wealthy privileged class becomes SO rich, SO powerful, that they see themselves as gods, and the rest of us as slaves. At that time there will be some who will serve those gods as priests and house slaves, thinking that they have a route to immortality for themselves, blaming the slaves for their inability to become gods too. How wrong they will find themselves ... but by then it will be too late.
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#467
08-07-2012, 2:29 PM
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Quote:
This quote from myself is from about 2 years ago. The Portland project I invested in, Riverscape, is complete and only 2 units remain to be sold. They are pending. I just received my initial capital back plus 15% interest. In a little less than 2 years. Compunded. That alone would be outstanding in this environment. But wait. The captial profit has not come yet - it will come when the last unit closes. The final 2 units are pending. It will be 35%. Total return in 2 years - 50%. I know it sounds too good to be true but it is. If you want to e-mail me privately I will give you info on the investment group. It is an outstanding group if you have 50K to invest or more. Now Riverscae was a unique opportunity. 50% in 2 years is good even for this group. I kick myself that I did not invest more. Oh well. But there are other projects that return 12% or so short term and 20% plus medium term. All due diligence to be sure. For real estate these past years were the worst of times and yet..... Yeah right you are thinking. I would be too. Just a teaser: Press Release FOR IMMEDIATE RELEASE Riverscape Receives 2012 Best of Portland Award LOS ANGELES, CA, July 11, 2012 -- Riverscape has been selected for the 2012 Best of Portland Award in the Condominium Operators category by the Portland Award Program. Each year, the Portland Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Portland area a great place to live, work and play. Various sources of information were gathered and analyzed to choose the winners in each category. The 2012 Portland Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Portland Award Program and data provided by third parties. About Portland Award Program The Portland Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Portland area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value. The Portland Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community's contributions to the U.S. economy. SOURCE: Portland Award Program CONTACT: Portland Award Program Email: PublicRelations@awardprogram.org URL: http://www.awardprogram.org Last edited by luknikfan : 08-07-2012 at 2:51 PM.
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#468
08-07-2012, 3:37 PM
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I know, the returns we made in Riverscape just don't happen.
As the President of the group just sent out: What's New by Kathy ***** Our Portland syndication just came to a successful completion. 2 years ago we bought 27 townhomes from the FDIC that were 70% complete. They are now finished and sold off. Our investors made15% annualized, plus a share of the profit. Some of the investors were told by their CPA's that those kind of returns don't happen. I love it when we can prove them wrong! We are always looking for good deals like this so if you find them, let us know. Perhaps we can partner with you. As you will see in this week's blog, the markets have made a complete 180. It's become a crazy sellers market out there. It's more important than ever to understand what you're doing and have the right connections.
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#470
08-07-2012, 4:26 PM
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This is David's site. It's why I never mentioned the group by name. And in fact I have not posted on this project in almost 2 years. It's long over. Done with. Nothing to invest there anymore. If anyone is curious they can PM me and all that will get them is a link to the groups e-mail list. No sales pitches, no cold calls. Just info and, if you want, 800 numbers to call into when they do their real estte summaries and potential projects. Plus I will be happy to share the details of my investment. I have no vested interest other than the fact I have done well on several of their projects. This being the best, but it was an outlier to be sure. Don't believe me that is fine. But believe me, I was dubious at first and it took a month or two of research before I parted with my first dollars and invested them with the group. I posted this "rest of the story" as folks 2 years ago thought I was blowing smoke. Which was never the case. Additionally, the past 2 years have been the best to invest in real estate. Aside from this group, I independenty bought 2 rental properites in Washington (across the river from Portland) and that has turned out well. Rents up significanly since I purchased. Very positive cash flow. Truth be told, I never did well in stocks and now the retail investor has no place in investing in the stock market. Not jiving, not zooming and definitely not "selling" - just passing on what has worked well for me. Last edited by luknikfan : 08-07-2012 at 4:46 PM.
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#471
08-07-2012, 4:59 PM
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In answer to the question "has housing bottomed out?" the answer is "hard to say.
Rumor says that the banks are holding on to several millions of foreclosures, fearful of placing them on the market for fear of crashing the market. There may be stories here and there that hint of good news, but fact is that this market is far far far from hitting bottom.no matter hoiw much some people might wish.
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.. There comes a time when the wealthy privileged class becomes SO rich, SO powerful, that they see themselves as gods, and the rest of us as slaves. At that time there will be some who will serve those gods as priests and house slaves, thinking that they have a route to immortality for themselves, blaming the slaves for their inability to become gods too. How wrong they will find themselves ... but by then it will be too late.
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#472
08-07-2012, 5:19 PM
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Money is flooding into US real estate from China, India, Brazil, England and more. They see it as a good deal. Markets like Florida and Nevada are coming back. Coastal California never dropped that much. Our home in SF fell maybe 10% - 15% but is now close to where it was during the peak. But we have a view - though it's a "poor man's" view. CDs, money market accounts. After taxes you are losing principal. Stocks - it's a rigged game. The retail investor has no business being there. Even Kudlow admits that. I have done well in real estate long before the crash and have continued to do so since. I listen to the weekend financial guys but sorry - I have absolutely no confidence in the stock market. Yet I want to not only preserve capital but see it grow. Real estate is the only way that personally I can see that happen. All due respect to Rick Edeleman and the guy from the "Money Market Store". Just sharing what has worked for me investment-wise for a long while now. Last edited by luknikfan : 08-07-2012 at 5:40 PM.
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#473
08-07-2012, 6:44 PM
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real estage
I'm upside down $100,000. Don't think housing will
come back in 6 years... xman
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#474
08-08-2012, 11:47 AM
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Congrats Luknikfan ... You made some profit on a real estate deal in these times.
Wondering if you had to borrow the bucks to invest? Pay any interest? ... Pay any taxes? 
__________________
Number 1: Every single IRS employee from top to bottom should immediately be put on unpaid administrative leave until the gangs of sharks, liars, thieves and pranksters are discovered and prosecuted To The Fullest Extent of Federal and State Laws ... RICO statutes applied, UnConstitutionality discovered and Treasonable Offenses established. ... There is no number 2.
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#475
08-08-2012, 12:38 PM
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Some investors put in IRA money. A little more complicated but it can be done. I invested some of my cash Minimum investment (share) was 50K. I initially purchased 2 shares. My brother was nterested but only had 25K to invest so we split a third share 50/50. A number of investors did this with family members. I didn't borrow anything. I didn't pay any interest. I am subject to taxes of course. On the interest earned and the gain. Those who invested IRA money are of course not subject to taxes.
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#476
08-10-2012, 8:59 AM
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* Those investing with IRA money may not have to pay taxes immediately, but long term, they can't have the money (principle and profits) until they get old and then they can't get at it all at once (except to invest in more schemes). But none of the above should stop you from doing it again, unless you wait for BummerCare to pass into law next year. Then your return on similar investments will be taxed higher and the BummerCare costs for the workers who do the construction will be higher which will cut into your bottom line even more. Are there any deals like your cropping up in the lower tax Caribbean or in fascist South America?
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Number 1: Every single IRS employee from top to bottom should immediately be put on unpaid administrative leave until the gangs of sharks, liars, thieves and pranksters are discovered and prosecuted To The Fullest Extent of Federal and State Laws ... RICO statutes applied, UnConstitutionality discovered and Treasonable Offenses established. ... There is no number 2.
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#477
08-10-2012, 10:07 AM
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After taxes it should be a little less than 30%. Cap gains increases apply next yeat to those making 250K plus per year. I am no where near in that category. My net tax rate is a little less as the cap gains rate is lower than the ordinary income. I'm paying a mix of the two rates If I had kept the 125K in cash I'd be paying an overall higher rate. Plus I would have made what - 1% or so. The group is involved only in the US.
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#478
08-10-2012, 12:46 PM
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The Riverscape PM is well known in NORCAL for his projects. Especially in the Monterey area. There was another opportunity 6 months go in which he again is the PM and I invested in that. The group purchased older office buildings in Dublin (Bay Area) right near the new BART station (Dublin Crossing). The environmentalist have had that rezoned for high density residential. We got the land and this deal will involve selling it to the highest/best developer bid once the final permits are in place. El primo location as it is a walk from BART which will open homeowners access to their jobs w/o a car commute throughout the Bay Area. Short of the South Bay but BART is making it's first tentative steps there. The group will not be invovled in the actual development so the returns are going to be lower than ina project where te group is part of the developement. Projected return is the low 20%s with a 2 year time-frame. BTW, Bay Area real estate has popped and the initial 6 developers inerested in purchasing this site from us has jumped to ten. So the return may turn out higher. But I'll settle for the low 20s on any day.
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#479
08-13-2012, 10:19 AM
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__________________
Number 1: Every single IRS employee from top to bottom should immediately be put on unpaid administrative leave until the gangs of sharks, liars, thieves and pranksters are discovered and prosecuted To The Fullest Extent of Federal and State Laws ... RICO statutes applied, UnConstitutionality discovered and Treasonable Offenses established. ... There is no number 2.
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