All Forum Posts by: Account Closed

konichiwa, BS!

i was just in torrance earlier today. i find it too 'industrial' like gardena, for residential living although for commercial or industrial operations, its awesome! 

i moved to los angeles county fairly recently from nyc however my heart is forever in asia, my mom's ancestors' homeland. 

well my dad's a caribbean islander of mostly native amerindian descent but i find the caribbean is heavily europeanized, even with the afro & latino majorities. so, i tend to vacay and expend humanitarian efforts moreso in asia than here in the 'new world'.

so if i could move anywhere within USA it would have to be even more 'West'ward til proximal to the Far East - HAWAII, GUAM AND OR MICRONESIA(!) would do - to feel most comfy.  i'm a 'tropical islander' at heart and apparently it shows thru and thru cuz the local latinos tend to often tell me i must be from somewhere 'tropical' and at the same time i often getting asked if i'm japanese or part japanese. 

but for now i'm luvin socal, and i wouldnt say the LAC market is bad, just its soo comparatively premium priced across the board, even entry level bargains (i posted a thread on BP encompassing yesterday somewhere encompassing LA market) and the inventory is piling up due to sellers affected by the hyperinflation of the US dollar against imported Chinese Japanese and Korean funds galore! and just that OC may be better/more practical for actually finding some deals to INVEST in more affordably rather than splurge in.

i noticed both home depot and lowes are always/often flooded with clearance models of dishwashers for like $75 for the dw.. if only OTHER major appliances would be so deeply discounted!

around here seems nobody wants/uses them... except for china/tupperware storage =D

i love your house man/maam! 

so like.. may i buy it? pretty please? =D

oh i see. they are assuming the property either carries its own weight as a gud investment to the borrower or sinks as a bad one and they cash in on their secured interest in it, regardless of the LLC's other debts, income, etc

huh Rob why not? i thought BP is comprised of REI's finest! =D

perhaps nowadays, most 3-4 fams will be jumbo not conventional.

put down 20%+ and avoid mort insurance anyways

it says 17,500-square-foot brownstone, 9,000sf of garden and outdoor space, but what is the total exact lot size of the property?

also what do they mean 'subdivided' into 8 apartments; is it a 8-family dwelling, or not? lol

http://www.wsj.com/articles/brooklyns-most-expensi...

i'd not count dual rents in a sfh until factoring in reinstalling the 2nd meter and possibly pulling permits and lots of $$$ all in all, to get it passed as a 2.

Yep great point, as the unsecured LOC could be drawn on again but at least the equity loan would be secured by the lender so I imagine they'd be more concerned with worse case scenario where the borrow is left to carry both the new equity loan and the old LOC together indefinitely. With FirstKey and if a property in this purchase method were that of an LLC, wonder how the income exclusively from the property would carry both the new loan and the LOC amounts total. Must be a pretty darn good rent roll!

Sounds like u moved away from the east coast away to the west coast rather soon after buying the property in question.

at least its not actually haunted? =D

so, why did the new tenants move out so fast, any clue? were they month to month, or thus did they breach their lease term grossly?