Sorry, I am unable to release the information due to the current situation. When the situation settled, I will give you the information you need immediately. BTW, your Zestimate has gone up again for anotrher $15,500 in a week, from $482,500 to $498,000.
Last updated: 03/20/2009
The subject property attracts me now after I run into it and run my numbers. Tell you what: I would like to buy this property if someone in AR could give me a hard money loan of $30,000.
Tell me how much interest you want from me, I will pay you back the loan in a year with at least double security of my purchase price, i.e. 50% LTV or more. Say, if I buy this property for $50,000; I will come up $20,000 out of my pocket as down payment. In addition, I will put something as additional collateral or walk your loan to other properties or assets of mine, at your choice, to make your LTV lower than 50%.
What you folks think? Are you ready to take my challenge?
NOTE: Please don't say I "beg" for your hard money loan. As I mentioned earlier, I don't need that money since all I have to do is giving my credit card a call. This other people's money is in my account. The job is well-done in one day. Then, why do I bother doing this? I like to be a mentor who does it "all the American Poor Folk's E-gold" way while you are watching to see the power of my formula and how it happens.
Okay, I confess. Tell you a little bit more behind this. This morning a guy "Ryan" called me. He tried to further sell me the "Tom" short sale secret, I bought Tom's material before at $10 and finished my reading on his book and two CDs in one day. I concluded that his formula was nothing new and would work in a very tough and difficult condition with pretty much narrow application in situations. So it is not for me, a easy, lazy and "chicken (conservative)" guy.
I politely said, "I would buy your program if yours is better than mine or can solve my doubts about pre-foreclosure investing." My reason to buy the material is I am old enough to know there are so many approaches to do real estate investment. (NOTE: Depends on the locality and situation, some work and some don't. It is much difficult for you to do "wheel deal" in California or Texas. It is very good for rich people to do "tax shelter" strategy in 1970', but no longer good after and disappered after tax code changed. Do you notice that Obama-Gaithner homeowner's hope is trying to do the same "tax shelter"strategy and applies it to average American people? Can it be done by the switch from rich to the so-so? Based on what assumptions it could be successful? You are the judge.)
I love to keep my mind open to all the options, possibilities or alternatives. I want educate myself or being updated about what other folks are doing and how well they have accomplished in real estate as a poor folks. But clearly I don't get the answers to my doubts on preforeclosure deals. Tom's formula can be an effective tool if other factors fall in place; but in fact it has its limits, very difficult to do for me, let alone an average Joe.
Ryan guaranteed that I could make $200,000 every month. The advanced program is 100% no risk. No money out of your pocket using OPM (Nowadays, so many so-called "birddog" programs has developed so that we have to be bothered by those pretening as a professional. I am so sick and tired of this new style or breed of telemarketing that I put "serious principal only, no birddog please" in my free advertisement.) He advised that I would miss the Tom's "magic" way to make money in the world that nobody knows how to do it so easily with so huge profits compared to none.
I replied: "One of the best ways to make money is to be an executive working for a Wall Street security firm. They mess it up and still get their millions bonus dollars with no obligation or guilty." Also, I compared the return rates in those real cases Tom has done, Tom is not even close to mine. Why I switch to his?
We ended up in arguments, this telemarketing guy who appears to me an novice in the field even dared to tell me that "you don't know about short sale." So I would like do something like Robert Allen did in his book "Challenge" to show how easy my "APFE-gold" formula could be done by an average Joe.
;)
;)
Dear David:
In this past 7 days, everywhere we see good news. See this morning, we have durable goods order jump 3.4% after we saw new home sale up 5%. Seems "recession" is gone "unexpectedly."
(NOTE: They put "UP" in topic and hide a cruel fact " The median sales price fell to $200,900, down a record 18.1% compared with February 2008. This is the lowest median price since December 2003" at the bottom of the article U.S. new-home sales rise nearly 5% in February.)
See after 7% up in stock last Monday, then an adjustment of 1.5% down came yesterday, we have a rapid stock spike of 2.2% this early morning.
Read all the recent reports. It is easy for us to conclude: we are no longer having a "recession." A great Obama's booming or rosy economic growth is here.
What a coincidence for the 5% jump from new home sales to durable goods! Are you using the same computer module as those people in Washington D. C. or New York have?
So don't blame your Zestimate computer module to see an other price jump of $4,000 in 3 days as follow. we have $1,000 appreciation a day for the subject property, i. e. we could have $30,000 equity in a month. Pretty good!
I am just wondering: Is it a reality of market forces or mirage-myth of statistic formule?
Well, it really doesn't matter to me what figures they invented, so long as I have a clear brain than Greenspan, who was accused of "sleeping behind the wheel for 8 years," Bernanke, who is accused of "throwing American dollars out of a helicopter," or even worse, Obama who is said "drinking while driving" or "intoxicated" by me.
To you guys, you can make your own views. Here I just give an article to better keep your mind fresh or your eyes clear and open: False Hope for Home Owners
You guys can count a foreclosure as a sale as you wish. So the more foreclosure, the more sales. Particularly the more highly priced REO, the higher the sale price going up as reported and claimed. (It was reported that more richer home owners are getting into under water, right?)
We still can live our lives and sit on sideline to see the Obama-Gaithner Circus coming to town, right?
Zestimate: $502,000
30-day change: $73,500
Zestimate: $498,000
30-day change: $77,500