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Congrats on the successful txn with zillow. Not knowing all the numbers, I would venture to guess that the seller left anywhere between 2 to 8% of the home value on the table for zillow to pick up. In exchange, the seller got peace of mind and convenience. One may put 1k or 10k or 100k value...

How nice. The boom came in little too early for me. Had it come few years later when my kids will be off to college, I wouldn't mind becoming D and downsize at a nice location where school ratings are least of a concern for me.

I much rather be D and A. Being a B or C is low-risk low reward type of situation.

I wonder what happens when music stops. I think about how seats are getting swapped in the ever escalating housing market. Who are the winners and who are the losers? This thread is to have some discussion and sharing thoughts. Generalied hypothetical scene: A is a renter. A buys a home from B...

The way you did math is pretty accurate and you are right, it is very tight. I think that if you are buying 1.9M home, one of these two conditions has to be met to make the numbers work for borrower and for the lender. 1. If 300k income, better have lower LTV more like 60% or less. Then you get...

If he paid for all those dinners and movies, then the stats on the NAR report checks out... ;)

If I am a 25 yr old, making decent $, and facing financing hurdles with lenders because of a single income, this is what I'd do: Have my parents help me with a down payment large enough that brings my DTIs to a desirable level. Give the parents their money back eventually or have their name as...

I highly doubt it. There could be a miniscule % of tentured professors making tha kind of salary, but fresh guy? nO way. UC salaries are public. should be fairly easy to search.

It is futile to go with those average numbers. I am sure you all know/have seen a desk receptionist (or equivalent) driving off in a shiny BMW, and a high earner pinching every $ and dime he/she can, even if it is embarrasing at times.. Buying home has a lot to do with risk tolerance, spending...

That's lotta cheese.. ;)

Methink so too on flattened. Not likely subdivided but build something nicer, bigger, contemporary on a 15k sqft lot. Used to happen a lot in silicone valley. May be that's the next wave for socal?

My guestimate is that Pollena home would go 100k above asking. And if there is serious bidding war, upto 150k above asking.

I have a $1 to invest and I want to maximize my returens. My choices are: stocks bonds residential RE CRE They are all apples. Some are sour and others are sweet and juicy. Some are red and others are yellow. They are all apples. Oranges would be: Luxurycars Yatch expensive wines/whiskies...

With that logic everyone will be right 100% of the time. WIth enough time, everything will collapse at some point. Roman empire did, british did, and so on.... Sure at some point Irvine will crash too.

Here is what I concluded from reading a few PPMs. 1. Upfront cost is 6-10% that goes into acquisition of the property and setting up DST.  e.g. If the property was purchased for $93, you'd be asked to put $100 for 100% stake in the property. 2. Being a commercial property, the financing is at...

The DSTs add up all monthly payouts plus the final payout at the closing of the deal and divid that number by principal outlay. I did the same calculation all monthly cash flows of $0 plus the equity remained in the hose, which will come back to the investor if the home is sold, divided by the...

I have not assesed the quality of information on the site but so far I liked the fact that no forced sign up, in your face ads, and 'CNN like' forced to watch a commercial before you can see anything.... If you have chosen to play in the non innovative, cutthroat competitive business like news...

OP is willing to bite at 25% premium so I guess he/she has a plan in place? Offer me 25% premium on my million dolla rhome and I will hand you keys next week. I can camp out at Ritz carlton by Crystal cove for a couple of months until I land a deal. I will take that inconvenience to make it...

So, I have been comparing residential RE vs commercial 1031 DST. Ran some numbers and the DST is not making any sense to me. Am I missing something big here? FYI - I got a historical commercial DST performance numbers and they show that avg holding period of 7 some years and following total...

Just say there is a risk involved on my end that selling this home at FMV and get into a bidding war for buying my dream home somewhere else. I can be motivated if my risks are mitigated and you have a creative solution in mind.