All Forum Posts by: Loc R.

Although I personally am anti-religion, I am pro-good people. And Tim Tebow is just that, a good person. I would hope that people of all faiths/beliefs/backgrounds can see that in him.

How about this: Whatever the government says = do the opposite.

The NAR has left a bad impression on me.

Before the RE bubble, their motto was "it's a good time to buy real estate."

When the RE market was bubbling, their motto was "it's a good time to buy real estate."

When the RE bubble burst, their motto was "it's a good time to buy real estate."

Then again, I don't expect them to say otherwise. Ever.

Here is how you would make money buying a NPN:

House is worth $100,000 "As Is".

Note on the property is for $100,000.

Note holder would have to foreclose, fix up property, list and sell/close. Note holder may not net anything close to $100,000 for all his/her troubles.

You, as the investor, buys the note for $60,000 cash. Previous note holder is completely out of the picture. You go through the process of foreclosure, repair, sell. Whatever you net is your return on your money.

You can buy American Eagles off eBay.

Thanks.

You have nowhere near enough information to begin thinking #s.

Get more information first.

Information is critical.

If your goal is to buy more property, I would take the 1st loan.

That's going to be the cheapest and largest loan you'll be able to get, unless you intend on continuously moving primary residences.

If the borrower is qualified to pay the loan back, then:

1. he/she should be able to get a loan elsewhere,
2. he/she should have at least one asset that you could collateralize.

I would hate for you to come back 12 months from now and tell us "I should have listened to the guys on BP."

Without collateral, there is NO interest rate/rate of return that would be suffice for my tastes.