All Forum Posts by: Chad Ballard

I said $1.00 as well, but here is a hint: That is the only incorrect answer.

Why not keep it yourself? Probably have some good owner financing in place.

Disagreement is what makes the world interesting. I reserve the right to change my mind based on any future comments.

I just bought a candy bar for $1.00, how much it that candy bar worth at the time of sale?

I am not saying the rationalization is not correct in the case of an investment, but at its core the decision to buy anything is based on some emotion.

A master lease would not give you the right to sell though would it? The trick would be finding someone to let you "borrow" their property to sell right away and then pay them back later. Some type of seller financing with a balloon linked to the appraised value? Value of the property goes up then you loose money if it drops then you have a gain.

Strange to think how common this is in the stock world. Sounds kind of crazy when applied to real estate.

My question would be when is it ever rational? People buy based on emotion then justify with reason.

There is a lot of info on this site about development but when you break it all down it is very location specific. There are just a lot of variables, what are your trying to get involved with?

Try the meetup tomorrow (7/15). Be sure to say hi.

@Manolo D.

@Audrey H.

Well at the moment there are mandated conservation along with fines coming from the governor. If the water bill is in your name and your tenants do not meet the goals set by your district then expect a fine along with your monthly bill. State requires 25% overall reduction but exact percentages vary by city. Where I live it is a 36% mandated reduction. It is a pretty hot topic at the moment. 

Does the city have an easement for it? Have you talked to them about your plans to move it?