David Saks' Blog

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Industry Observer - TN LIC# 290452
David Saks is a musician, retired real estate broker, and long-time ActiveRain member. David's blog features important information relevant to the safety, integrity and security of the industry. In addition to his widely read real estate fraud blog, a comprehensive overview of real estate continuing education is a weekly addition for his subscribers and the ActiveRain community at-large. Thank you for subscribing to and for visiting David's ActiveRain home on the internet. Please join. Membership in ActiveRain will enrich your life !

ARCHIVED BLOG POSTS

2014 

real estate fraud: Real Estate Fraud Report for Saturday November 15, 2014 - 11/14/14 10:27 PM … (0 comments) real estate fraud: Another Shyster Gets Five Years In Jail for Fraud and Jury Obstruction - 11/14/14 09:58 PM Attorney Sentenced to Five Years in Prison for Defrauding Investors of More ...
11/18/2014
An investor bought two lots for 40 thousand dollars each. He decided to divide the parcel into three lots and then sold each parcel for 30 thousand dollars. (A.) How much did the investor make after he sold the three parcels ? (B.) What percentage of profit did the investor realize on his invest...
11/16/2014
An investor bought two lots for 40 thousand dollars each. He decided to divide the parcel into three lots and then sold each parcel for 30 thousand dollars. (A.) How much did the investor make after he sold the three parcels ? (B.) What percentage of profit did the investor realize on his invest...
11/16/2014
A two story house cost $856,800 to build in a beautiful new exclusive development on the east side of the county in Memphis. The house has a frontage of 34 feet, a depth of 28 feet and is 30 feet high, including a finished basement, what is the cost of the house per cubic foot ? The answers, alo...
11/16/2014
A commercial lot with a frontage of 75 feet and a depth of 120 feet was sold by a broker for a price of 20 dollars per square foot. The purchaser agreed to be responsible for the sewer costs and paving of the lot at a rate of $55 per front foot. The buyer said that he would list the property and...
11/16/2014
A lot was sold to an investor that was 75 feet wide by 110 feet deep. The price was $87,500. (A.) What was the price of the lot per front foot ? (B.) What was the price of the lot per squre foot ? The answers, along with the corresponding solution, will be posted below the photographs at the bot...
11/16/2014
$75.00 is 5% of how much ? Hope this difficult problem doesn't give you a headache ! :-) I feel pretty confident that you'll get through it just fine. The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on it ...
11/16/2014
The landlord receives $48,000 a year net income from his investment of $600,000 in a multi-unit apartment complex. What is the percentage of earned return that he receives from his investment ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom...
11/16/2014
A buyer purchased an investment property for $120,000. His gross income from the property was $23,000 a year. His annual expenses for the property were $11,000 a year. What was the rate of return that he earned on his investment ? The answers, along with the corresponding solution, will be poste...
11/16/2014
How much additional cash does the buyer have to come up with in addition to his 5000 dollar deposit if the lender allows him 85% LTV on a $515,000 home ? The answers, along with the corresponding solution, will be posted below the photographs at the bottom of the page, so spend a little time on ...
11/16/2014
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David Saks

Broker / Industry Analyst
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