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Lumix, Sorry - lost you. Go out and get me one or two of these MFR loans that you seem to think are growing on trees. Then, and only then, pass the information on to Perp and the other 50,000,000 US real estate guys who seem to want them. I want your golden contacts first. You mentioned BB...

Sorry Monopoly, I thought you were making a statement (which I basically didn't disagree with) not asking for advice.

My questions stand as stated. King Reg seems (to me anyway) to comment along the lines of your post.

Thanks for the interesting post. couple of comments. 1) Liquidity is NOT running rampant in US RE. I would describe it as running AWAY rampant:) 2) Increase in rates to what? The last couple of buildings I have bought have 6% ish money on them, inherited from pre Lehmans. Even that represents...

Don't give up! It may happen. My preferred strategy (which was arrived at because I couldn't get anything any other way) is to look for properties genuinely for sale with real vendors and offer them some cash with a lot of vendor financing - and maybe $50-100k above asking price. At least...

Don't worry too much Dazz - there are only 80 tenants if there is 100% occupancy:)

OA, Like your work!

If I see a comment 'deleted by keithj' I thought it reasonable to assume keithj may have had at least a passing interest in the matter... Forgive my complete misunderstanding of the matter - possibly a change of policy might be in order to avoid such gross errors occurring again? However the...

Except Perp, its not handsome, it is despicable! What is wrong with these guys being shamed into being reasonable? Without someone having to wade through 1000 posts to find oblique references to something. You know, reasonable as in something under a 200-300% markup? Even a paltry 50%...

Last two times _ENTERING_ LAX 2+ hours to get out. Bradley terminal. Leaving is where they frisk you - don't they understand you are leaving because you don't want to come back??

If not a default then a reset. I agree with you. BUT, there are still 230,000,000 tenants out there - and less than 10% of that figure is Australia. I know more about the airports than most and I detest it. At least in BKK I would be happy to PAY the girls to frisk me again:) And again and .....

You disappoint me! I could picture you on a $10k bus trip salivating at the prospect of seeing for the first time a property someone else had allocated you:) For accuracy I must point out that whilst I know one of the spruikers uses the insanely expensive lottery card/bus trip system to...

Ms Perp. Great post. I will add this to your great comments above. Most US citizens I have met have for decades been enamoured with stocks and bonds and they all seem to know someone who has made $1m from a 2c share they bought on a tip from someone. APPL, Yahoo, Google, MS etc etc. There are...

Rix, My vehement feelings on that ripoff market were deleted because (apparently) they were 'libellous'. Keithj seemed to think (in my opinion somewhat erroneously) that out and out rip off spruikers deserve the full protection of some imaginary law. I actually ran my comments by my Au...

Rix, One thing to remember about the US. Try to imagine what this site would be like if EVERYONE had lost 50-70% of their equity and on those rare properties (like mine:) ) that didn't fall in value it made no difference - you still couldn't borrow. My turnaround specialist in LA is desperate...

I trust you to know what you are doing!! What area/city is it? Looks simple enough - assume the mortgage and offer $200k cash. Like the sound of it. Just in case things ever do go wrong, you might like this...

If you have any interest in US stuff, my sister is finally posting here. Checkout my 'Dymphna Boholt - NO' post. Plenty there for anyone to get their teeth into...

Thanks for the message perp, and the post. A bit annoying typing as my laptop misses letters sometimes, but I will try. I bought commercial stuff in LA, because my personal credit there was sub-sub prime, so it was easier for me to buy larger buildings (5+ units) which qualify as...