Does Anyone Listen Anymore?
A Naybob of Realty writes with property prospectus... Re: ABSOLUTE PROFIT OPPORTUNITY
and caveat disclaimer on a four plex listed at $595K with $5200 in claimed monthly rental income...
As a licensed broker, I am legally prohibited from alleging profit guarantees. However, I must say that, if I were the owner of this building,
I would anticipate no less than a hundred thousand dollar profit within two years of owning and managing this property: Worth every minute of the management commitment.
The Nattering One muses... Always nice to see that chancers and buffoons of our current debacle can still exhert spurious claims....
With 20% down and 1200 per month rents, which are borderline realistic for the slum area and the major depression coming,
your annual net should be around $18K; if maintenance is kept to a minimum. Which is actually very impressive in this day and age.
100K in two years??? Please send me some of what you are smoking, post haste. The downside risk is prices and rents will fall further and harder.
Thus wiping out your down payment and any profit expectation for many years to come.
Perhaps to get better grounded in the gravity of the situation at hand, please read how Irish RE prices are going to fall 80%...
Question: Whats the difference between “too big to fail”, and “zombie” banks?
Excerpt from above article... The goal is to avoid the continued operation of an undercapitalised error-prone firm with...
a flawed business model and administrative practices, a problematic customer base and a compromised management facing distorted incentives.
Such wishful thinking. Does this not eliminate all financial and automotive institutions?
Those who buried their head in the sand, burned their money and ran a flawed business model into the ground...
and are now being rewarded with billions in taxpayer money? Or those who through their hubris and greed; got us into this mess in the first place?
Please read about something I've nattered about many a time; the pension deficit and how state pension funds have lost $865 Billion
and why many will NEVER make up their deficit funding unless they are bailed out by the TAXPAYER....
Full circle to the realtors claims of ABSOLUTE PROFIT OPPORTUNITY or $100K profit...
If this is true, and its such a good deal, why don't you buy it?
Does anyone listen anymore? Have we learned any lessons from the Dot Com and ensuing real estate and stock market echo bubble what so ever?
and caveat disclaimer on a four plex listed at $595K with $5200 in claimed monthly rental income...
As a licensed broker, I am legally prohibited from alleging profit guarantees. However, I must say that, if I were the owner of this building,
I would anticipate no less than a hundred thousand dollar profit within two years of owning and managing this property: Worth every minute of the management commitment.
The Nattering One muses... Always nice to see that chancers and buffoons of our current debacle can still exhert spurious claims....
With 20% down and 1200 per month rents, which are borderline realistic for the slum area and the major depression coming,
your annual net should be around $18K; if maintenance is kept to a minimum. Which is actually very impressive in this day and age.
100K in two years??? Please send me some of what you are smoking, post haste. The downside risk is prices and rents will fall further and harder.
Thus wiping out your down payment and any profit expectation for many years to come.
Perhaps to get better grounded in the gravity of the situation at hand, please read how Irish RE prices are going to fall 80%...
Question: Whats the difference between “too big to fail”, and “zombie” banks?
Excerpt from above article... The goal is to avoid the continued operation of an undercapitalised error-prone firm with...
a flawed business model and administrative practices, a problematic customer base and a compromised management facing distorted incentives.
Such wishful thinking. Does this not eliminate all financial and automotive institutions?
Those who buried their head in the sand, burned their money and ran a flawed business model into the ground...
and are now being rewarded with billions in taxpayer money? Or those who through their hubris and greed; got us into this mess in the first place?
Please read about something I've nattered about many a time; the pension deficit and how state pension funds have lost $865 Billion
and why many will NEVER make up their deficit funding unless they are bailed out by the TAXPAYER....
Full circle to the realtors claims of ABSOLUTE PROFIT OPPORTUNITY or $100K profit...
If this is true, and its such a good deal, why don't you buy it?
Does anyone listen anymore? Have we learned any lessons from the Dot Com and ensuing real estate and stock market echo bubble what so ever?
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