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  1. imirza

    Warren Buffet swimming naked ?

    INVESTING 
    I will go with the Bs which trade at $2450/share vs the A's which are at $75,025/share. I was hoping they had some options on BRK stock. I wanted to buy some Jan 10 puts at 50% below current prices.
  2. imirza

    Warren Buffet swimming naked ?

    INVESTING 
    "It's only when the tide goes out that you learn who's been swimming naked." -- Warren Buffett The cost of protecting against default by Warren Buffett’s Berkshire Hathaway Inc. soared to record levels more typical of junk-rated companies amid concern the firm faces losses on derivatives...
  3. imirza

    B&P Post Your Photos!

    OFF-TOPIC 
    ROFLMAO :smilielol:
  4. imirza

    Banks will fail, how do I profit?

    INVESTING 
    Andviv, I would short the common stock of banks if I were you. You could use options but, the risk is you may end up paying too much in premium. Here is a list of banks that I am currently short or planning to short BAC - Bank of America WFC - Wells Fargo Bank JPM - JP Morgan GS - Goldman...
  5. imirza

    Where's my loan?

    REAL ESTATE 
    See it is starting to make sense. The banks are trying to write off everything and get money from the govt. and get refunds of the taxes they paid the last 4-5 yrs. If this is the case, i am maxing out all my credit cards and lines of credit, calling the banks and offering to settle for half as...
  6. imirza

    Where's my loan?

    REAL ESTATE 
    I've been hearing rumors that banks are trying to write off as much as they can and are deliberately trying to get people to default on their loans or to charge off people's credit cards. The banks will claim their losses against the taxes they paid in previous years and get refunds. On top of...
  7. imirza

    Would like some opinions on banking stocks

    HOT! INVESTING 
    I do expect a rally till April May. I am not heavily short the banks. But I refuse to cover my shorts. My thinking is I will short more at higher prices. I hedged by buying FAS today. I figure we may get a bounce. I eventually want to have 50% of my portfolio short bank stocks when the next leg...
  8. imirza

    Extreme startup strategy

    Andviv - I know people in the local Phoenix community in private equity and investment banking. From what I hear, deals are not being done. No money. Investors don't want to take risk. People are hiding in cash or govt. bonds. The real estate market crash and the stock market has wiped out a lot...
  9. imirza

    Would like some opinions on banking stocks

    HOT! INVESTING 
    I am short a dozen or so banks plus a bunch of REITs. I really should have covered at the close. But I like pushing my luck. If things go my way, I expect all bank stocks to be trading at 0 before the year is over. Whenever I think about covering, I remind myself of my LEH (lehman) short from...
  10. imirza

    Analyse this Multi family Deal

    REAL ESTATE 
    Andviv - The property has been on the market just over a month. For now it appears we are the only ones preparing to put in an offer. But there has been interest from other parties though no formal offers. 18 units are vacant. Its pretty obvious that rents are too high based on my research...
  11. imirza

    Analyse this Multi family Deal

    REAL ESTATE 
    Well based on current financial's, we are looking at 28% vacancy and that includes rent loss etc. Despite complete mismanagement, the revenues were still $353k last yr. I figure we can't do worse than the current owner. I didn't mention earlier the property gets $9k/yr other income - rental...
  12. imirza

    Analyse this Multi family Deal

    REAL ESTATE 
    JScott - the numbers will improve. If we drop rents drastically to $525 a unit and get vacancy down to 10% NOI will be around $152k. At a 9% cap that's $1,688,889. When the economy improves and we can charge $575 a unit and keep vacancy under 10% NOI will be 185k . At a 9% cap thats over $2 mil...
  13. imirza

    Analyse this Multi family Deal

    REAL ESTATE 
    The property is listed for $1.8 mil. I know the bank will accept $1.6 mil. I am thinking of offering $1.2 mil. I might be willing to go up to $1.4 mil , maybe even $1.5 mil depending on how confident I am on our ability to turn it around. JScott- A vacant fixer upper building 22 units - 10 1's...
  14. imirza

    Analyse this Multi family Deal

    REAL ESTATE 
    Property was built in the early 60s. Market vacancy is in the 20% range based on legwork I have done. CAP rates for similar properties appear to be in the 9% range. A property across the street 22 units 12 studios and 10 1 bedrooms sold for $286k 2 weeks back. It was a fixer upper and...
  15. imirza

    Analyse this Multi family Deal

    REAL ESTATE 
    Vacant units are rent ready. Property Owner lives out of state and over payed for the property back during the boom in 2006. Owns other multi family properties and is losing money on everything. Tenants are a mix of blue collar type. Construction, mechanic, handyman, cleaner, hooker etc One...
  16. imirza

    Analyse this Multi family Deal

    REAL ESTATE 
    66 unit multi family . 65 1 bedrooms 1 2 bedroom. Class C building located in an area that was once dangerous(gangs, drugs, murders) but is now being turned around. So its still a not so good blue collar area but its no where as bad as it was a few years back. In the next 5 yrs there will be...
  17. imirza

    Extreme startup strategy

    Andviv, Smaller boutique investment banks. The Goldman Sachs, Morgan Stanleys etc work with bigger deals. If you are looking for deals $100 mil an under you could try Raymond James & Morgan Keegan In Phoenix I know a few smaller firms who would do these deals - FBR & Dinan Co. LLC. Just...
  18. imirza

    Why is the economy down? Or is it?

    OFF-TOPIC 
    Andviv, Actually I beg to differ. Hatterasguy's comment makes a lot of sense. I follow blogs very carefully and I get this impression a lot of people across America are extremely pissed at the current turn of events. I honestly believe that if the economic downturn gets worse and continues...
  19. imirza

    Extreme startup strategy

    It would be next to impossible to pull an LBO in this environment especially if you are not highly experienced. LBO giants like Blackstone Group, Apollo Group, KKR, Caryle etc are having difficulties doing any LBO deals due to the collapse in the debt markets and lack of funds available. This...
  20. imirza

    How to Save Yourself in this Recession

    HOT! 
    Rxcknrxll - You sure about that ? I think the avg. American made no more than 10k/yr in the early 70s. Now that number is closer to $40k/yr. I agree with parts of everyone's arguments . Some choose to see the glass half empty, others the glass half full. My thoughts - 1) People here in the...

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