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  1. randallg99

    Shared Portfolio

    HOT! INVESTING 
    hi, I hope everyone is doing well. Now that I have something to share that can help others make money.... I've been busy with a million and one projects so I've taken steps to eliminate as many distractions as possible. I've frequented the forum quite a bit and would like to see more...
  2. randallg99

    Offshore Real Estate Investments

    REAL ESTATE 
    I personally like Panama and if it weren't for my close family ties I think I would be living there now. The Panamanian bond rating was just last week elevated to investment grade status. Panama Debt Rating Raised to Investment Grade by S&P (Update1) - Bloomberg.com this is a post from 2...
  3. randallg99

    3,8 % Health Care Tax ???

    TAXES | REGS 
    will section 1031 exchange avoid this new tax? It's crucial to put some kind of a limit on this tax besides income levels. There really has to be some kind of protection made available to real estate investors otherwise this new tax will hinder even more transactions in a very slow real estate...
  4. randallg99

    Wealth accumulation question

    When my business was doing well I channeled the funds into CDs, mutual Funds and cash flow positive real estate. Admittedly these were very good moves on my part. My goal was to have several different streams of income to hedge against each other and this has been my safety net during this...
  5. randallg99

    Is this the new normal for commercial RE lending?

    REAL ESTATE 
    can you get a list of the licensed appraisers and simply hire one of them to do the appraisal? They're bluffing. It's a game of chicken with a lot on the line. BofA is desperate for cash. I am not an attorney and I obviously haven't read your mortgage documents but I am not sure how they...
  6. randallg99

    Dollar Collapse? How about the Euro?

    INVESTING 
    Current Euro situation is scary if you're buying cervezas in a sevilla discoteque but it's actually alright if you're living in US dollars. I've longed maintained the US$ is the currency du jour of the world. There is no other standard in the known world that can provide true security people...
  7. randallg99

    Is this the new normal for commercial RE lending?

    REAL ESTATE 
    I found out the hard way. And, recently mandated federal regulations are breaking the banks balls to the point regulators are looking over their shoulders every step of the way.
  8. randallg99

    Is this the new normal for commercial RE lending?

    REAL ESTATE 
    Have you considered getting your own appraisal before approaching banks for refi? You're not alone. Horror stories just keep swirling around bank of America's mortgage departments. There's 10's of thousands of posts here: Bank of America Sucks • Index page what was BofA's...
  9. randallg99

    Live a great life on less than $200K/yr?

    OFF-TOPIC 
    looks like I am late to this thread, but a couple of things: 1. Yes. You can live well, happily and "great" on less than 200k. For someone who made significant income in previous years I can vouch that a life is well lived regardless of how much income you have. (but of course, the adjustment...
  10. randallg99

    Times Square Incident

    OFF-TOPIC 
    Like you, I am dumbfounded how little press this event is getting. but, on a personal note, I spoke with a couple of friends today and to them it's a non-event but it raised the question how secure we really are. Tunnels, bridges, subways are very, very vulnerable and London & Moscow events...
  11. randallg99

    Is this the new normal for commercial RE lending?

    REAL ESTATE 
    It turns out that I was wrong in the post a couple of weeks ago believing that the commercial lenders cannot reclassify a loan until reset period. If a lender follows through with an appraisal and finds the property valued below the loan amount, the lender at that point in time, regardless of...
  12. randallg99

    Is this the new normal for commercial RE lending?

    REAL ESTATE 
    hi, I am buying SFHs at this point. Most commercial and apartment building owners have deep pockets to sustain the downturn but that's not to say if lenders continue to hold their current stance that there will be future bargains to be had. With SFHs, I figure i might as well buy an...
  13. randallg99

    Keeping a high mortgage for asset protection purposes?

    REAL ESTATE 
    I always took it for granted that the liability of each asset is totally contained within that LLC regardless of any violation/negligence . Is this a state regulation? or US Fed?
  14. randallg99

    illegal immigrant sex

    OFF-TOPIC 
    An illegal immigrant picks up a hooker. "Hey, how much you charge for da hour, sister?" he asks. "$100," she replies. In broken English, he says, "Do you do immigrant style?" "No" she says. "I pay you $200 to do immigrant style." "No," she says, not knowing what immigrant style is. "I pay you...
  15. randallg99

    Trump: don't Fear a Real Estate Collapse

    REAL ESTATE 
    I love his hotel rooms
  16. randallg99

    How should I spend my summer?

    hey don't know if this was an april fool's joke but that's either very brave or very crazy. good luck to both you and JazzFreak.
  17. randallg99

    Is this the new normal for commercial RE lending?

    REAL ESTATE 
    another update: my realtor got very sick and I'll be reinstating my real estate license to pursue properties. Several of my offers actually got countered but I didn't bother responding until they become more realistic. The 2nd wave of foreclosures are about to hit the market this year. The...
  18. randallg99

    Keeping a high mortgage for asset protection purposes?

    REAL ESTATE 
    great thread and I recommend it to be legendary/sticky. This is the most excellent advice anyone with assets can ever read. AND IT'S FREE ON THIS FORUM and it's very, very valuable. If you already have savvy attorneys and accountants then they should already be on top of this strategy. IF...
  19. randallg99

    RE partnerships

    REAL ESTATE 
    Not sure what your main objective is, but I was involved in a small partnership that was designed to buy a property with intentions of selling within 5 to 10 years. The deal fell through last year (major structural problem) and it was structured like this: 1mm deal money needed for down...
  20. randallg99

    If you're gonna hire someone.... now's the time

    Danny Westneat | Recession's untold story | Seattle Times Newspaper I've mentioned several times there are a lot of people available to work in positions they're overqualified to perform. Recently posted a craigslist ad seeking a store manager (typically earns $70-90k) and the salary...

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