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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (938)	8/26/2012 5:37:00 PM
From: Riskmgmt	Read Replies (1) \| Respond to of 2722

Thanks, John. Yes, I still read SI a few times a week and keep in touch with a few people from the old days. I do miss the days when someone would drive by a high tech's firm to check the parking lot on the weekend and report back. We verified a few merger rumors that way and were printing money on a daily basis. I along with some investors have been mainly doing the financing side for the younger go-getters such as yourself. We are satisfied to make a 10-12% yield but occasionally I come across a property too good to pass up, one that will pay for itself in 5 years or less, as you have described. Amazing to me no one started a board for this local area on SI for deals. I have a great respect for Ramsey and much of what he opined in the macro is true, Fannie, Freddie etc., but it's hard to see how you can get hurt buying a property yielding 20% net at a time of T-bills yields are under 1%. Of course we are talking the local market here and it's a unique situation. I don't know that you could come anywhere close to those yields in San Diego or anywhere in California. Anyway, enjoy this board and thanks to all that post here and good luck. R.