San Diego County Wildfires
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Please keep the residents of San Diego County and other parts of Southern California in your thoughts and prayers.http://news.yahoo.com/s/ap/20071022/ap_on_re_us/california_wildfires:
SAN DIEGO - Wildfires fanned by fierce desert winds forced the evacuations of nearly 250,000 people Monday in San Diego County, including hundreds who were being moved by school bus and ambulance from a hospital and nursing homes.
More than a dozen wildfires had engulfed Southern California, killing at least one person, injuring dozens more and threatening scores of structures.
The fires have burned about 100,000 acres in San Diego County, said county Supervisor Ron Roberts. "This... continue reading >>
Making the Deal
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I have been reading a book on real estate finance (aptly titled Real Estate Finance). It really only covers the basics of conventional financing though and it doesn't really get into any type of creative financing. What I really am interested in knowing is: when you buy a multi-unit complex, how do you structure a deal so that you will have a positive cash flow every month as opposed to the tenants making just the monthly mortgage for you and you just breaking even (especially if you are owner-occupant)?Now I'm not just going to solicit... continue reading >>
The Water Looks Cold
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Have you ever gone swimming, gone to the pool, stepped up on the diving board and just stood there looking at the water? You stand there hesitating to jump in because you know the water is going to be cold when you get in. But you KNOW that the worst part is actually jumping in. Once you are in the water everything is fine and you get used to the water. BUT YOU GOTTA GET IN!
That is how I feel about getting into the real estate market right now. I don't have alot... continue reading >>
Edumacation
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Well I'm finally starting to read books related to real estate investing. At first it seems like a rather complex field to be in; however, after diving into the material quite a bit, I realize that it isn't really that big of a deal once all the concepts are understood.
My favorite idea is leverage - making money with other people's money.
I think the most complex stuff though is the creative financing ideas. Things like carry backs or wraparounds. Maybe if the wording was simpler I'd understand it - is it as complicated as... continue reading >>
Inverse Return on Investment
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Inverse Return on Investment is a formula that you can use when you want to decide whether to use money to invest or to pay off debt.When you use this formula, you can come up with a number that can help compare two or more uses for cash, (buy an asset, pay off debt, or decide which debt to pay off).
It is derived by taking the Total Annual Payments, and divide by the Total Balance Due.
The formula is:
IROI = Total Annual Payments / Total Balance Due
Lets say you have a... continue reading >>