Comments on: OPM: How to Attract Other People's Money for Your Investments–The Ultimate Leverage http://www.burbed.com/2009/05/23/opm-how-to-attract-other-peoples-money-for-your-investments-the-ultimate-leverage/ San Francisco Bay Area, Silicon Valley House Price and Mortgage Insanity Blog Thu, 09 Feb 2012 09:21:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: nomadic http://www.burbed.com/2009/05/23/opm-how-to-attract-other-peoples-money-for-your-investments-the-ultimate-leverage/#comment-32763 nomadic Mon, 25 May 2009 06:36:46 +0000 http://www.burbed.com/?p=3480#comment-32763 did you hear about the shamwow guy's legal troubles? http://www.thesmokinggun.com/archive/years/2009/0327092sham1.html did you hear about the shamwow guy’s legal troubles?

http://www.thesmokinggun.com/archive/years/2009/0327092sham1.html

]]> By: steve http://www.burbed.com/2009/05/23/opm-how-to-attract-other-peoples-money-for-your-investments-the-ultimate-leverage/#comment-32762 steve Mon, 25 May 2009 05:43:55 +0000 http://www.burbed.com/?p=3480#comment-32762 billy mays is an amateur. you want sales? get <a href="http://beersinthebleachers.files.wordpress.com/2009/03/090218-shamwow.jpg" rel="nofollow">the shamwow guy,</a>, lol. billy mays is an amateur. you want sales? get the shamwow guy,, lol.

]]> By: bob http://www.burbed.com/2009/05/23/opm-how-to-attract-other-peoples-money-for-your-investments-the-ultimate-leverage/#comment-32761 bob Mon, 25 May 2009 03:33:32 +0000 http://www.burbed.com/?p=3480#comment-32761 Heck. All you have to do is come up with some stupid invention and have Billy Mays sell it for ya. Heck. All you have to do is come up with some stupid invention and have Billy Mays sell it for ya.

]]> By: anon http://www.burbed.com/2009/05/23/opm-how-to-attract-other-peoples-money-for-your-investments-the-ultimate-leverage/#comment-32760 anon Sun, 24 May 2009 18:34:11 +0000 http://www.burbed.com/?p=3480#comment-32760 actually, uppercase herve, i do. actually, uppercase herve, i do.

]]> By: Pralay http://www.burbed.com/2009/05/23/opm-how-to-attract-other-peoples-money-for-your-investments-the-ultimate-leverage/#comment-32759 Pralay Sun, 24 May 2009 07:17:26 +0000 http://www.burbed.com/?p=3480#comment-32759 <i>n.b., if the 1990 buyers held, would that mean it would be worth $14M next year?</i> ---- Yes, home price doubles in every 10 year. Therefore 2755 RALSTON Ave is your golden opportunity for becoming wealthy. Buy this home for $5.2M today and next year you will be able to sell it for $14M. n.b., if the 1990 buyers held, would that mean it would be worth $14M next year?
—-

Yes, home price doubles in every 10 year. Therefore 2755 RALSTON Ave is your golden opportunity for becoming wealthy. Buy this home for $5.2M today and next year you will be able to sell it for $14M.

]]> By: Herve http://www.burbed.com/2009/05/23/opm-how-to-attract-other-peoples-money-for-your-investments-the-ultimate-leverage/#comment-32758 Herve Sun, 24 May 2009 04:18:03 +0000 http://www.burbed.com/?p=3480#comment-32758 <i>> [...] lower case steve</i> anon, do you work for the department of redundancy department? > [...] lower case steve

anon, do you work for the department of redundancy department?

]]> By: anon http://www.burbed.com/2009/05/23/opm-how-to-attract-other-peoples-money-for-your-investments-the-ultimate-leverage/#comment-32757 anon Sun, 24 May 2009 01:33:18 +0000 http://www.burbed.com/?p=3480#comment-32757 thanks for the compilation of information, lower case steve. thanks for the compilation of information, lower case steve.

]]> By: nomadic http://www.burbed.com/2009/05/23/opm-how-to-attract-other-peoples-money-for-your-investments-the-ultimate-leverage/#comment-32756 nomadic Sat, 23 May 2009 19:23:39 +0000 http://www.burbed.com/?p=3480#comment-32756 Meanwhile another bank has failed. Second largest after last year's IndyMac failure. The FDIC is out $4.9 Billion. http://www.businessweek.com/ap/financialnews/D98B4UCO0.htm Meanwhile another bank has failed. Second largest after last year’s IndyMac failure. The FDIC is out $4.9 Billion.

http://www.businessweek.com/ap/financialnews/D98B4UCO0.htm

]]> By: steve http://www.burbed.com/2009/05/23/opm-how-to-attract-other-peoples-money-for-your-investments-the-ultimate-leverage/#comment-32755 steve Sat, 23 May 2009 19:23:11 +0000 http://www.burbed.com/?p=3480#comment-32755 I pick on los altos often, well, because it is imploding. but, here's a little love for hillsborough, a founding member of the OG RBA: in the affordable range: 750 BOWHILL Rd Hillsborough, CA 94010 Price: $1,895,000 Jul 09, 2002 Sold $1,850,000 one for burbed (from the listing) "WARNING!!! property is in very bad condition please" 1365 HAYNE Rd Hillsborough, CA 94010 Price: $1,350,000 Mar 29, 2006 Sold $1,641,000 Oct 21, 2004 Sold $1,280,000 some short sale action: 1006 BLACK MOUNTAIN Rd Hillsborough, CA 94010 Price: $2,100,000 Jun 23, 2005 Sold $2,400,000 Jul 21, 2000 Sold $1,980,000 time for a price cut after 107DOM? 2755 RALSTON Ave Hillsborough, CA 94010 Price: $5,295,000 Oct 31, 2002 Sold $4,550,000 May 26, 2000 Sold $5,000,000 <strong>Jan 22, 1990 Sold $3,500,000</strong> n.b., if the 1990 buyers held, would that mean it would be worth $14M next year? staying with the high end and high DOM theme: 180 ROBIN Rd Hillsborough, CA 94010 Price: $6,400,000 DOM: 495 days <strong>Feb 01, 2001 Sold $7,900,000</strong> and, finally, some real price discovery 15 CRYSTAL SPRINGS Ter Hillsborough, CA 94010 Price: $1,590,000 Dec 31, 2008 Sold $2,611,516 Dec 10, 2004 Sold $2,200,000 <strong>Aug 15, 2000 Sold $2,000,000</strong> the '08 sale was the foreclosure. some nice cash-out REFI there and now bank-owned and priced to move 10 CRYSTAL SPRINGS Ter Hillsborough, CA 94010 Price: $1,700,000 Mar 18, 2009 Sold $2,250,000 (the foreclosure) Mar 02, 2006 Sold $2,600,000 <strong>May 25, 2000 Sold $2,390,000</strong> completing the REO doulbe-shot for a very lucky street I wonder what will happend when these become comps? Bueller? anyone? I pick on los altos often, well, because it is imploding. but, here’s a little love for hillsborough, a founding member of the OG RBA:

in the affordable range:
750 BOWHILL Rd
Hillsborough, CA 94010
Price: $1,895,000
Jul 09, 2002 Sold $1,850,000

one for burbed (from the listing)
“WARNING!!! property is in very bad condition please”
1365 HAYNE Rd
Hillsborough, CA 94010
Price: $1,350,000
Mar 29, 2006 Sold $1,641,000
Oct 21, 2004 Sold $1,280,000

some short sale action:
1006 BLACK MOUNTAIN Rd
Hillsborough, CA 94010
Price: $2,100,000
Jun 23, 2005 Sold $2,400,000
Jul 21, 2000 Sold $1,980,000

time for a price cut after 107DOM?
2755 RALSTON Ave
Hillsborough, CA 94010
Price: $5,295,000
Oct 31, 2002 Sold $4,550,000
May 26, 2000 Sold $5,000,000
Jan 22, 1990 Sold $3,500,000
n.b., if the 1990 buyers held, would that mean it would be worth $14M next year?

staying with the high end and high DOM theme:
180 ROBIN Rd
Hillsborough, CA 94010
Price: $6,400,000
DOM: 495 days
Feb 01, 2001 Sold $7,900,000

and, finally, some real price discovery

15 CRYSTAL SPRINGS Ter
Hillsborough, CA 94010
Price: $1,590,000
Dec 31, 2008 Sold $2,611,516
Dec 10, 2004 Sold $2,200,000
Aug 15, 2000 Sold $2,000,000
the ’08 sale was the foreclosure. some nice cash-out REFI there and now bank-owned and priced to move

10 CRYSTAL SPRINGS Ter
Hillsborough, CA 94010
Price: $1,700,000
Mar 18, 2009 Sold $2,250,000 (the foreclosure)
Mar 02, 2006 Sold $2,600,000
May 25, 2000 Sold $2,390,000
completing the REO doulbe-shot for a very lucky street

I wonder what will happend when these become comps? Bueller? anyone?

]]> By: nomadic http://www.burbed.com/2009/05/23/opm-how-to-attract-other-peoples-money-for-your-investments-the-ultimate-leverage/#comment-32754 nomadic Sat, 23 May 2009 19:09:43 +0000 http://www.burbed.com/?p=3480#comment-32754 That's a really strange loan split too. Normally we'd see 10 down/10 second/80 first mortgage. Maybe it was stated income too? That’s a really strange loan split too. Normally we’d see 10 down/10 second/80 first mortgage. Maybe it was stated income too?

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