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

To: Riskmgmt who wrote (2516)	12/21/2015 4:50:13 PM
From: John Vosilla	Read Replies (1) \| Respond to of 2722

$2 million mortgage: No down payment, no joke! If San Franciscans can afford the city's skyrocketing rents, then they can afford the monthly payment on a $2 million mortgage. That is the logic behind a new offering from the San Francisco Federal Credit Union: Its new "POPPYLOAN" (Proud Ownership Purchase Program for You). In an atmosphere of continued cautious lending, the product has raised some eyebrows, but it is nothing like the no down payment, no-doc, risky products that were behind the housing crash. Borrowers are fully vetted, income and assets verified, and while there is no minimum credit score, the vast majority of the credit union's borrowers have above-average credit scores. http://www.cnbc.com/2015/12/10/2-million-mortgage-no-down-payment-no-joke.html

To: Riskmgmt who wrote (2516)	12/21/2015 4:58:34 PM
From: John Vosilla	Read Replies (1) \| Respond to of 2722

Yeah oil stocks look much cheaper than RE now...lol But can't beat control and immediate equity in RE anytime anywhere.. You might be right on the five plus years. Thinking rentals will be quite hard the next downturn which I feel will be the worst one yet.. Feel the oil crash and ZIRP for too long are going to accelerate the building of this latest bubble. Prices keep rising in SE FL, in SW FL in Boston, DC and NYC and any higher end area of the state so I watch with a lag effect where all my rentals are .. Retail pricing is now about a 10-12% cap on my stuff.. IF they get near 5% time to bail.. Incredible how much money chasing the foreclosure and tax sale auctions.. I've regulated myself to third tier markets not online for a bargain or decent equity in 2016...