All Forum Posts by: Jake Kucheck

They have the parcel number, plat book, and lot numbers. Need to figure out where this land is and how much it is worth.

Since my research abilities are limited to CA for the purposes of vacant land... someone want to help with this?

I don't always enjoy it when Rich and Will do battle, but when I do, its typically because I started the thread and will enjoy the increase in influence.

Looking for a specific Civil/Federal code...

I'm sure there's a law that can be easily referenced in the CA Civil code or some other legislation that tells me why I can't do that... but basically the question is this:

If I buy a property, distressed or otherwise, and it has a tenant in it that can provide a valid lease at market rate, I am under the impression that I have to honor that lease regardless of its terms or duration. Is this a correct understanding, and if so why? If not, why not?

No, I was looking for what I stated.

I'm aware it will likely be a very long list. However, it is probably also an interesting list.

I think in terms of identifying potential markets to hold rentals, an intersection of purchase price far below construction cost, a high non-owner occupancy rate, and stabilization in unemployment would be very interesting.

This would help us nail down one aspect of the equation.

I thought this would be an interesting topic. Not from a "I'm thinking about being a spec builder" perspective (believe me, I'm not), but from a "how many markets out there have a median price below the cost of construction". I would imagine quite a few, but my market (92660) isn't anywhere close (with a median price of $1,032,500, it would be tough).

So... if you think you have a market where the cost of construction is higher than the cost of the existing inventory, post the zip code and the respective PP/SF so we all can learn a little.

You know... my frat buddies and I came up with this idea once, while absolutely blitzed at 3:30 AM.

The fact that this has a number of risks has already been stated more eloquently, but since everything can be broken down into a risk/reward equation, let's start there.

The reward is easier to quantify, so let's call that X. If X is a certain amount greater than all of the risks involved, then you would go ahead and execute the plan.

Now onto the risk. Well... there are a lot of unknowns when it comes to moving a house (at least for me, having never done so previously). Those that come to mind immediately are the liability in transportation (house falls off and kills 20 people), installation (house does not sit well on new foundation), sales (new buyers squirm at fact that house was previously on a truck bed), title (I'm sorry... the house is WHERE now???), and zoning. I don't have a clue how to quantify that, but I do know there are probably easier (and safer) ways to make just as much money.

It should probably also be pointed out that the ideas my frat buddies and I came up with at 3:30 AM were almost never very well thought out.

Joe Delia the talent present for the Sunday afternoon pool crowd at Park Newport almost made your $2600/month worth it, didn't it?

Up until today, I pretty much thought Pinterest was for teenie boppers and wedding planners (or in other words... the Justin Bieber demographic).

However... today I saw that a long time friend and fellow flipper had posted some details of a recent flip to Facebook, and when looking closer, saw that he had initially posted it to Pinterest, and this Facebook activity was part of the blasts that he does across all the different social media sites.

This, coupled with the fact that the site was recently valued at $1.5 Billion (or 1.5 Instagrams) got me thinking... is it time to join the Bieber crowd? Do any of you BPers use it for anything I would care about?

It's possible that the list price is below your max offer price, but it's a lot more likely that you are either overestimating your exit value or underestimating repairs (or both).