tag:blogger.com,1999:blog-7514357.post6513379002067750676..comments2024-02-25T08:16:25.546-08:00Comments on Exurban Nation: Post Auction Observations HereRob Dawghttp://www.blogger.com/profile/10042154106850545479noreply@blogger.comBlogger46125tag:blogger.com,1999:blog-7514357.post-55590796801487094152007-02-27T04:47:00.000-08:002007-02-27T04:47:00.000-08:00@Tony and RobBack to the options discussion, I rea...@Tony and Rob<BR/>Back to the options discussion, I really meant sell NAKED CALLS. I sold a bunch of NAKED PUTS when I knew a few dotcoms were going to get bought out.<BR/><BR/>The thought here is that by selling CALLS, you pocket the sale price. With the assumption that the stock price goes down, the holder of the CALL is not going to exercise the option and it lapses worthless. The only risk is if the stock price rises above the strike price and the option holder exercises the options on stock I don't own.<BR/><BR/>Am I right here? I really should read the cboe site mentioned. ;)ratlabhttps://www.blogger.com/profile/14362015111310505599noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-58305229598192722302007-02-26T13:53:00.000-08:002007-02-26T13:53:00.000-08:00I wonder if they went to Modesto afterwards. I als...I wonder if they went to Modesto afterwards. I also wonder if perhaps Casey has a life insurance policy that he doesn't know about.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-57619802263730957472007-02-26T13:51:00.000-08:002007-02-26T13:51:00.000-08:00- - - - - - - - - Casey and Galina were smiling an...- - - - - - - - - <BR/>Casey and Galina were smiling and holding hands as they left the courthouse<BR/>- - - - - - - - -<BR/><BR/>That's because the complex plan, far beyond the haters' comprehension, is working. Future holds a knighthood for Casey, A casino, presidency of the American Union and adventures in outer space real estate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-5979799984967763332007-02-26T13:24:00.000-08:002007-02-26T13:24:00.000-08:00Sounds like Galina still thinks her credit won't b...Sounds like Galina still thinks her credit won't be impacted.Ogg the Cavemanhttps://www.blogger.com/profile/05176616237386296114noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-66910990706400413752007-02-26T13:18:00.000-08:002007-02-26T13:18:00.000-08:00Casey was standing next to me at one point. It wo...Casey was standing next to me at one point. It would have been really easy to suckerpunch him. Did I miss a golden opportunity?<BR/><BR/>Casey and Galina were smiling and holding hands as they left the courthouse.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-23977640408128145582007-02-26T13:10:00.000-08:002007-02-26T13:10:00.000-08:00Did Galina seem upset? Did Casey? How were they ac...Did Galina seem upset? Did Casey? How were they acting toward each other?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-87770718822489325282007-02-26T13:02:00.000-08:002007-02-26T13:02:00.000-08:00Stephanie, I thought about approaching Casey and G...Stephanie, I thought about approaching Casey and Galina at the sale. I would've like to have put a boot in his ass. But the more I thought about it, the more I wanted to keep it organic. This was a moment for him and G to enjoy and savor together. I also didn't want to give him any more attention as his ego is big enough. Neither really had any reaction after the property didn't sale. <BR/><BR/>Both G and Casey took pictures. Before the sale, Casey was looking for some sort of dramatic shot of the courthouse in downtown Sac. There is none. Some of you may not know but Sacramento is architecturally challenged. The sale ran a little behind schedule as it was posted for 9:30 and didn't actually happen for another hour. I was scared that maybe he would have had another posponement.<BR/><BR/>Another property about 1/2 mile of this Larchmont property was also up for sale. It didn't get bought either. Very similar to Casey's and the starting bid was $238K.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-38727959391186664482007-02-26T12:27:00.001-08:002007-02-26T12:27:00.001-08:00Guess I'm a little late to my own game. I only use...Guess I'm a little late to my own game. I only used 22, so I loose.<BR/><BR/><BR/>"Hello Casey. I too amlike you and am the newly immigrant to this country. I have read your websight and am enjoying the informations that you provide on your sweet deals. I ca see that you are on fast track to success and you are the person who can use the leverage and the cashback to add juice to your sweet deals. Also, I am really liking the word "sweet" that you have shown to me! Sometimes I say it to my friends and then I also say "Its all good!" They laugh at me because i am the newly immigrant but it is all in the good fun.<BR/><BR/>I am listening to what you have to say because I want to make the sweet deals like you. I learn your mastakes and think that the only reason you loose the money is because you use too of much cashback leverage and not enough the equity, and this as why I will be differant. I can not wait to make my own win win "sweet" deals using the things I learn from your sight and also Robert Kiyosake sight. I have use your lessons and mastakes to make a very good business idea. Soon I will say to bank manager "let's do it!" and he will say "sign here." Then I will be rich and maybe i will start my own websight.<BR/><BR/>But I am not so much enjoying the comentery. The angry haters types are jealos of your deals, and they know that you someday will be thew success with millions dollar. This is why they can never be made happy. Maybe when some day we are both the rich, we will buy them the Jamba Juice to make them feel better? ha ha! Maybe when I make my first millions I will advertize on your sight, Casey.<BR/><BR/>By the way, I tryed my first Jamba Juice today. It was very good."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-4484551413032416602007-02-26T12:27:00.000-08:002007-02-26T12:27:00.000-08:00New rule. Total points divided by 1/10th number o...New rule. Total points divided by 1/10th number of words in the post. Any comment that is long enough can sneak those words in.<BR/><BR/>Adjusted Points = Points / (# of words in post/10)ratlabhttps://www.blogger.com/profile/14362015111310505599noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-920149563988975982007-02-26T11:47:00.000-08:002007-02-26T11:47:00.000-08:00Ha ha, BadjerJim that's awesome! If you act quickl...Ha ha, BadjerJim that's awesome! If you act quickly, you can pick up your prize at the Modesto courthouse. Be sure to leverage your steel-toed sweet deals into Casey's nut equity. <BR/><BR/>My favorite line is "He says it's a sweet, can't loose success way to get equity". I can't really follow that, but it sure sounds positive. Idea man will have an orgasm.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-60659364537564062182007-02-26T11:42:00.000-08:002007-02-26T11:42:00.000-08:00@BadjerJim - nice work@BadjerJim - nice workAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-71160884533210641422007-02-26T11:25:00.000-08:002007-02-26T11:25:00.000-08:00@BadjerJimnice post, Casey will probably touch him...@BadjerJim<BR/>nice post, Casey will probably touch himself while reading it.LOLhttps://www.blogger.com/profile/17908913323496787833noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-1744389807689372912007-02-26T11:22:00.001-08:002007-02-26T11:22:00.001-08:00Judgement number two, coming up. It will take some...Judgement number two, coming up. It will take some times for the banks and the hard money to have a final number on what buttmunch owes them then the real pain will start.LOLhttps://www.blogger.com/profile/17908913323496787833noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-45276859883378652522007-02-26T11:22:00.000-08:002007-02-26T11:22:00.000-08:00@eth realthey will usually go with their real esta...@eth real<BR/><BR/>they will usually go with their real estate agent of the month and try to sell it that way at market value. <BR/>The cheapest time to buy according to my Carlton sheets manual is to have approached Casey offering him the chance to short sale, and then get 50K back as a promissary note from Casey. You know the guy is good for it. I mean hell if Countrywide trusts him, why shouldn't I? that reminds me, I gotta go short those guys.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-83447585780743869812007-02-26T11:21:00.000-08:002007-02-26T11:21:00.000-08:00@Foreclosure PartayAnti-Spam Word Game EntryOkay -...@Foreclosure Partay<BR/><BR/><B>Anti-Spam Word Game Entry</B><BR/><BR/>Okay - here's mine:<BR/><BR/><I>Casey –<BR/>I applaud your courage in showing up at the foreclosure auction. Awesome! From the deals you've done in the past year, and the millions you're facing, this is proof that you have what it takes to finally be a success.<BR/><BR/>Even in the cashback deals where equity was a question, you stayed the course and tried to do the right thing. Staying on top of realtors, and doing your best for short sales. Don't loose confidence: your winwin strategy will show success in the next years. Even when the haters make fun of jamba juice and sweet deals, I know that you'll find success and equity when you correctly leverage future deals. <BR/><BR/>Leverage is the key, as you've found by the new corporate and corporation connections, and you can leverage millions with credit to show a short-term equity stake <BR/><BR/>Lessons? Itsallgood now that you've spent a hard year learning. Cashback is not the key to floating future juicy deals and success, and you know that.<BR/><BR/>Have you considered an equity for management in rental properties? My cousin does that with some of his deals in Oklahoma, and it's worked out pretty sweet for him. He says it's a sweet, can't loose success way to get equity with no upfront costs, and an easy way to leverage that equity with even six months behind the deals.<BR/><BR/>I'm not a fan but I'm not a hater either. You're doing the right thing. I look forward to your new deals, and your success. It will take years and deals, but you'll be a success. Millions are on your way. Just stay the course. Courage, man. Its worked for me, and it will work for you!</I><BR/><BR/>If he posts it, that's 34 anti-spam words, for 170 points.<BR/><BR/>Er, where do I pick up my prize?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-16805910853502548392007-02-26T11:20:00.000-08:002007-02-26T11:20:00.000-08:00Casey has now entered the world of SCREWED.Casey has now entered the world of SCREWED.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-16440710557005536272007-02-26T11:19:00.001-08:002007-02-26T11:19:00.001-08:00With no bids the 1st takes the cheese. The 2nd wo...With no bids the 1st takes the cheese. The 2nd would have been the only serious bidder in this case and even they saw nothing but pain. The spreadsheet of doom says he was carrying the Larchmont on his books at $220,000<BR/><BR/>http://spreadsheets.google.com/pub?key=pPacQAmy3C4AuHrqHYLazIQ<BR/><BR/>If no bids at $216,000 it is safe to assume something south of $190k. Looking at the pics from Oct on Flickr I'd say $130k for an experienced flipper looking for work more than for a deal. $30k repairs, $20k carrying costs, $10k sales costs, $210k sales price only to make $20k which doesn't pencil out unless you need the work.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-40278190545560562462007-02-26T11:19:00.000-08:002007-02-26T11:19:00.000-08:00Muncy goes at 12:30 PSTMuncy goes at 12:30 PSTLOLhttps://www.blogger.com/profile/17908913323496787833noreply@blogger.comtag:blogger.com,1999:blog-7514357.post-9560437013018445842007-02-26T11:15:00.001-08:002007-02-26T11:15:00.001-08:00what time is the second auction?what time is the second auction?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-47136303959750110132007-02-26T11:15:00.000-08:002007-02-26T11:15:00.000-08:00So does the bank put a price tag on it? Do they lo...So does the bank put a price tag on it? Do they look at all offers or set another date for all offers to come in?<BR/><BR/>Perhaps we could all chip in $100 each and buy it for homeless dude who actually knows how to take care of a property.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-47667298627914872012007-02-26T11:12:00.000-08:002007-02-26T11:12:00.000-08:00Bank Owned Properties or Real Estate Owned REOBank...Bank Owned Properties or Real Estate Owned REO<BR/>Bank owned properties commonly called REO or real estate owned is one of the most common foreclosure investment practices today. These are homes that have gone through the foreclosure auction and now because there were no bids, become a bank owned property or bank foreclosure.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-13902901424562007162007-02-26T11:10:00.000-08:002007-02-26T11:10:00.000-08:00If the auction gets no bids then yes they have to ...If the auction gets no bids then yes they have to take back the property and try to sell it themselves. Thanks for all the hard work Casey you lowlife, may you rot in the bowels of Nigel, may you be trapped in some middle eastern country with the knowledge that seal wannabe Brian is coming to save you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-46400250346401154342007-02-26T11:07:00.000-08:002007-02-26T11:07:00.000-08:00So if there are no takers, does the bank take poss...So if there are no takers, does the bank take possession and list the property?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-60683853862596002382007-02-26T11:04:00.000-08:002007-02-26T11:04:00.000-08:00Guess he'll have to adjust his spreadseet down to ...Guess he'll have to adjust his spreadseet down to say......$195k?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7514357.post-69092881867237806062007-02-26T11:03:00.000-08:002007-02-26T11:03:00.000-08:00@R-boyCouldn't have been haters, if they were, the...@R-boy<BR/><BR/>Couldn't have been haters, if they were, there would be a wet stain on the ground that smelled like shit.Anonymousnoreply@blogger.com