I'm not sure you could pop units up on this lot, but would pencil as a rental property now, as-is - especially if you didn't mind college students:
PB Reed
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Month: March 2012
House of Hemp
From the latimes.com: Woody Harrelson championed the environmental benefits of hemp. Giorgio Armani and Calvin Klein incorporated it into their collections. Now a company promoting hemp as the eco-building material of the moment said it wants to build California's...
“Values To Fully Recover”
Gary is a long-time local real estate advisor. http://londongroup.com/ By: Gary H. London As published in the San Diego Business Journal, March 19, 2012 With signs of economic recovery finally promising to be sustainably good news, it’s time to reflect on what this...
Bird-Watchers Rejoice!
If you are looking for a turnkey condo with all the extras, here you go:
No Short-Sale Surge (Yet)
With the tax exemption of debt-relief expiring at the end of the year, we keep thinking that there will be a surge of short-sale listings coming to market. Not only is there NOT a surge of short-sale listings, there's not a surge of ANY listings, relatively. Here are...
Moneymaker or Publicity Stunt?
Hat tip to ProfHoff and Susie who sent in stories about the BofA "Mortgage-to-Lease" program: Excerpts from wsj.com: Executives last year began to ask themselves "isn't there a way to sort of combine that whole process and keep the borrower in the property? It's just...
Banks Sell For Retail
America has been brainwashed into thinking that foreclosures cause lower values. Yes, these are only a couple of examples, but they represent the majority of bank-owned properties:
Banks Extracting “Excess Profits”
Hat tip to evansea for sending this along from HW: The nation's largest banks are charging borrowers who refinance under the Home Affordable Refinance Program significantly higher rates than other types of refinance loans, according to Amherst Securities Group. HARP...
Rich Get Richer
Hat tip to SM and jpinpb for sending this along....from Reuters: Dan Magder recently gave up a top job with private equity firm Lone Star Funds to strike out on his own and become a landlord. He's joining a growing list of big and small investors who see fat profits...
Safe Haven?
One West Bank foreclosed on this home in August, 2010, but it looked like they let the former owner try to re-coup some of his $2,500,000 down payment - because he had it listed last summer for $5,200,000. But things didn't work out for him:
