tag:blogger.com,1999:blog-7514357.post4764558833210586622..comments2024-02-25T08:16:25.546-08:00Comments on Exurban Nation: What Passes for a Deal LocallyRob Dawghttp://www.blogger.com/profile/10042154106850545479noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7514357.post-49677629589325231252012-11-20T15:33:42.988-08:002012-11-20T15:33:42.988-08:00I addition to no bet on appreciation I'd stron...I addition to no bet on appreciation I'd strongly suggest not relying upon the current tax structure for depreciation and AMT and such. Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-74184833738445213012012-11-20T15:09:26.317-08:002012-11-20T15:09:26.317-08:00Dawg, there's a pretty good signal to noise ra...Dawg, there's a pretty good signal to noise ratio here, so I'll keep coming by. A lot of people find my approach to Real Estate disconcerting, I'm straightforward and do my best to describe properties and their potential in a low key and accurate way. Those "Cash on cash Returns" loan brokers and agents tout should be cut in half.I have been there and done that, they make sense on cash flow or they don't, never bet on appreciation.Anonymoushttps://www.blogger.com/profile/10565272548229232728noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-28466030838959564362012-11-20T14:57:09.073-08:002012-11-20T14:57:09.073-08:00SM,
Thanks for helping a fellow reader.
If it w...SM,<br />Thanks for helping a fellow reader. <br /><br />If it was "Hadley," he's good people but has also been a realtor his whole life. If it wasn't Hadley then they were just an ordinary agent. Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-34162155360075582032012-11-20T14:54:21.241-08:002012-11-20T14:54:21.241-08:00In the area highlighted it is long time small deve...In the area highlighted it is long time small developers buying tired properties and pushing them to the higher end with superficial updates. Keeps them employed and keeps houses from transacting at market. There are easily twice as many more houses in preforeclosure as are indicated by the map. <br /><br />Tom, thanks for the comment. Here's to hoping this place gets you the feedback that was so lacking elsewhere. <br />Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-76354492420140262972012-11-20T14:38:29.335-08:002012-11-20T14:38:29.335-08:00Wishing prices on the houses for sale in my little...Wishing prices on the houses for sale in my little corner of Venco as well. It's going to be interesting to where the sales that happened actually close.<br /><br />I got a flyer from a local used house salesperson last week which listed houses he had sold last summer, with their **asking** prices shown. needless to say the actual sales prices were significantly less.<br /><br />Wonder if anyone was fooled by that tactic?sm_landlordhttps://www.blogger.com/profile/05240427561510825980noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-64398091067144210642012-11-20T14:05:35.333-08:002012-11-20T14:05:35.333-08:00Dawg, the problem in Sonoma County is that one com...Dawg, the problem in Sonoma County is that one company is buying almost everything that hits the courthouse steps. Blue Mountain. And they are flipping them fast, 30-60 days.<br /> About a month ago there was a discussion at the Broker's meeting about these flips and it was remarked by several people that a number of home inspection companies refuse to inspect these homes due to a fear that serious defects have been hidden. They feel the liability is too great.<br /> Even oblique criticism is rare at these meetings (Liability again) and this kind of direct criticism is almost unheard of.<br /> I avoid their listings if possible, and bring up the fact it may be difficult to find an inspector willing to look at the property if a client insists on seeing one. Cash Flow? Gimme a break. <br />I read a post about the 6 reasons you should buy "Income" property in Sonoma County the other day. The writer claimed a 6.84% cash on cash return, no mention of vacancy rate or maintenance, let alone the costs involved in managing a property. <br />I like Real Estate as an investment when the numbers work, but I get tired of people trying to blow stale smoke up my ass.Anonymoushttps://www.blogger.com/profile/10565272548229232728noreply@blogger.com