$41 Million Dollar San Diego House.... - Posted by David Krulac

Real Estate Investing
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Posted by jeff on November 10, 2002 at 09:49:52:

im more in love with money. the game pulls a huge second. well, now that i think about it, maybe it pulls a third. LOL

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$41 Million Dollar San Diego House… - Posted by David Krulac

Posted by David Krulac on November 09, 2002 at 14:26:18:

read the article:

http://www.forbes.com/lifestyle/realestate/2002/11/08/cz_sl_1108feat.html

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Re: $41 Million Dollar San Diego House… - Posted by James Strange

Posted by James Strange on November 09, 2002 at 21:24:58:

Sounds like a motivated seller to me. I will fly out put “I buy expensive houses” sign by the gate. We they call I will set up an apointment. Take my check list I know that I can talk them down to 35mill!!! I will get a LIBOR at 100LTV interest only loan. 140,000 a month payment. (it will take a year for them to fourclose) Then I will start looking for a TBer I will option for 45mil (TBer always over pay) I will get 10% down as option money 4.5mil. I will pay off my arrers. Then I will collect $300,000 per month rent (giving a 50,000) rent credit. After twenty four months I walk away never having to mess with tose small deals again.

Do you think that it will work?

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Re: $41 Million Dollar San Diego House… - Posted by Ronald * Starr(in No CA)

Posted by Ronald * Starr(in No CA) on November 10, 2002 at 17:52:51:

James Strange-----------------

Save your airfare. I already got an investor to put up seven “Want a Quick Sale of Your House?” signs within a 1/2 mile distance of the house. Although the phone has not rung yet.

Good Investing*Ron Starr

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140K per month? LOL - Posted by jeff

Posted by jeff on November 10, 2002 at 05:25:48:

looks like a plan to me.

but i belive that 10 million would be the end of my investnig career. i dont think i could gain the energy needed to pry my butt off the couch with that knid of cash in my pocket. id probably be like howard hughes, noone would ever see me again.

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but Jeff . . . - Posted by Steve W (WA)

Posted by Steve W (WA) on November 10, 2002 at 09:14:58:

Whatever happened to “for the love of the game”?