All Forum Posts by: Steven S bond

way cool dawn - ready to be your partner!

Not long ago I would of berated you. But know I see the compassion. Even so use and know the law to protect yourself first.

STEVE

Hello:

A little crash course on risk. essentially a risk free longer term say 30 year govt bond is about 3 percent, if they make even a 30 year cd it would be the same. This is the riskless yield. The govt and or the bank will pay you. As you get paid more yield  lets say a 10 percent cap rate now lets visualize the risk. 

- TENANTS --- A DOWN MARKET --- EXPENSIVE REPAIRS --- A HURRICANE ETC --- A NEIGHBORHOOD THAT TURNS WRONG.

THATS A FEW OF THEM of course there are more. thats why you are getting 10 percent on that cap rate. It is not a freebee. Anyway you can mitigate some risk with care and dilligence. There is money to be made or as I put it cows to be milked.

Your BFF

Bond Steve Bond

Some guy in dunkin donuts said he was short 2500.00 on a comic book collection his friends wife had. So he asked me for the money, but I was not allowed to see the books. Do not even ask why. Of course he said the books were worth millions and he wanted me to sell them. I am just bringing up the point that there is a due dilligence to all transactions. I hope people learn that from elongated silly posts. Enough is enough.

Steve Bond -- 

Hi:

Living close to NYC. I have heard every single scam flam flam double talk down right lie and confidence game. I hope you have dare i say a qualified real estate attorney. 

In every real estate transaction there are legal mandates that allow you to pull out of the deal at a certain point if the consideration has not been met by the seller. 

The games gone you know it you see the smoke- get out---- this type of company is the worst and as prior parties chimed in wait till its rent time. It will get worse get out.

Steve

- real estate price appreciation was abnormal

- Banks started lending money to anyone including non citizens no doc loans

- Lower income people moved in my neighborhood in droves

- the local mortgage office had a tinted black front window 

- i am seeing a new strange visitor-- the newly minted chinese millionaire that has illegally sent his money to the usa--- they are bidding with bags of money and overpaying for the real estate--- this is another disgrace of this country not following its own laws.

- Pay particular attention to california and ny 

FROM THE NY AREA ---- you fill in the blanks

- when you say conversion are you going for the legal apartment via making your one family a two family?

- with a boiler in the bsmt if there is ever a fire and your tenant is hurt or dies , does your homeowner and or umbrella insurance cover you? 

- so if you can convert via a to a two family great do it !!!  more expensive but no fear

-  be careful please---- bsmts besides boilers also usually have the main electric and the lowest points in the house ( sewer back ups) --- 

- I hope im wrong about all this and you get a variance and you make a ton of money

been there done  that 

Hi Dan:

Honestly if I live in it I would rent it. Otherwise I think right now its too much of a risk factor and pain. I think most people should invest in reit etfs and mutual funds.

 I co land lorded with my dad he was an amazing handy man fix it guy. That being said if your young and are making money have a good job handy yes for a rehab or get a turnkey sure. It was interesting Thailand you can get a studio for about 45k and make 7% on via rental say in pattaya but is 7% viable in the hot and rainy season, is the maintenance you pay for kept up??? and all the other questions---- ///

nothings easy

steve

Thanks Steve,

I ws thinking of splitting costs with someone to live in thailand 3-6 months a year, My investments i can hit about 1300-1500 a month roughly -- thats why the splitting costs routine. Having a condo in thailand id rather rent   but i was intrigued by a few under 1.5 million baht in pattaya jomtein, should of bought view talay 2 a in 2007---  /// but living via the armed services u got it made!!!-- would love to work with you.

Steve