All Forum Posts by: Account Closed
Account Closed has started 30 posts and replied 510 times.
Post: perfect storm update and concerns
- Los Angeles, CA
- Posts 557
- Votes 70
Originally posted by Bienes Raices:
I am in the same boat. Same gratitude. It's little extra rewarding when everyone called you "crazy." As far as selling I have not seen a real mania hit. I can't think of many real bubbles that popped without a real mania. Also, the fundamentals still support an uptrend. I'm still on hold. But we're definitely getting closer. The buzz on main street - for example a non-investor sitting in a bar - is growing fast for sure.
As for another real estate sale in LA/OC, yes please.
Post: Is there a way keep my rental units in a divorce?
- Los Angeles, CA
- Posts 557
- Votes 70
Originally posted by jeff wilson:
This probably will not matter in Colorado. It would not matter in California.
Anything you purchase while your married is up for grabs in the divorce. You will most likely lose half, plus fees (attorneys, etc..), unless there is a prenuptial agreement.
Plan for the worst. Hope for the best. Assess the relationship, reflect on your happiness, and act quickly. If you know it's going to end, end it now. I know that is way easier said than done in many situations.
Good luck.
Post: Strategy for next 5 years: Sell Real-Estate and Buy Gold
- Los Angeles, CA
- Posts 557
- Votes 70
Great post Jason -
That is sharp drop in real estate priced in gold. It looks like we're getting close. There is a dow priced in gold chart that should look similar. But we're not near the average yet for the dow priced in gold. In terms of both the dow and real estate priced in gold we'll probably over shoot.
I speculate that the gold bubble will end explosively like it always has. So far nothing explosive on gold's rise. Just a nice steady long uptrend over the last 12 years. I am looking for more "We Sell Gold" signs instead of "We Buy Gold" signs. It's getting closer to exit time. But definitely not selling yet.
I also agree with George. I don't see it as either gold or real estate. I like to view it as gold and real estate; slowly exiting gold for more real estate as our economic situation works itself out.
Post: US Credit Downgraded from AAA to AA+
- Los Angeles, CA
- Posts 557
- Votes 70
It's about time. The downgrade is deserved and expected. It is hoped by many - myself included - that the downgrade will pressure US politicians to make tough choices now, and quit playing kick-the-can. Historically it has taken other countries 9 to 18 years to get back to AAA after a downgrade. Ouch. But that sounds about right.
All that said, the conspiracy theorist part of me also thinks that the real powers-that-be may think a US downgrade is an effective way to initiate the early stages of creating a global currency. Of course that is going by the *crazy* premise that the real powers-that-be are not US politicians.
Post: Hoping for your wishes for my daughter and understanding for my absence
- Los Angeles, CA
- Posts 557
- Votes 70
Hey Josh
I hope your daughter gets well soon, and I am sending positive energy your way.
Post: 50% Rule Of Thumb And (Hyper?)Inflation Hedging
- Los Angeles, CA
- Posts 557
- Votes 70
I prefer the term "Cycles Bug." With my affinity for the yellow and silver stuff over the last few years I am capitalizing on uncertainty/uncharted territory. I cannot predict hyper-inflation. However, betting that we were (and still are) heading into uncharted territory feels like a solid play. Gold loves uncharted territory. That is easy to see from history.
I believe experienced real estate investors can make money in any market. Especially uncharted territory. However, I am not sure how well "purchasing real estate at a premium" will do with uncharted territory. I won't be doing that unless it's my primary :)
With that, I agree with you if I was purely to hedge against hyper inflation and believed wholeheartedly that it was coming .
The 50% rule makes sense to the newcomer long-term residential landlord, under the context of stable economic times. We'll get there again.
Post: Stop Doing Business With BofA!
- Los Angeles, CA
- Posts 557
- Votes 70
Originally posted by Bryan Hancock:
While you are at it remove your funds from ALL of the big banks and put them with some small regional banks or credit unions. You're a RE investor if you visit this site and have no business dealing with these moronic institutions.
Count me in, all in, on every bit of this!
Post: What are you other than a real estate investor?
- Los Angeles, CA
- Posts 557
- Votes 70
I've been in Web and Software Development for 12 years. I am particularly passionate about Python development, and a Python based web framework called Django.
Macro economics geek, and with that investing in other asset classes for about four years, as I build up real estate confidence, capital, and education.
I am a few weeks out from taking the CA Real Estate Broker's exam. The law course look longer than I expected. But it is one I really needed, so I am taking it slowly.
Post: bp meetings in los angeles
- Los Angeles, CA
- Posts 557
- Votes 70
Originally posted by Will Barnard:
Me too Matty, it has been a while since we have hung together, we should do another one soon!
Yes! Looking forward to catching up with you at the next one. See you soon.
Post: bp meetings in los angeles
- Los Angeles, CA
- Posts 557
- Votes 70
Sarah, I've also been to the Naked Real Estate Investors Club. It's a great club. I will go again soon; either this month or next.
I have also been to the In N Out/El Torito get-togethers when Josh is in town. They are always fun and valuable. Looking forward to the next one.