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  1. imirza

    Financing Question

    REAL ESTATE 
    Thanks Steve. I'll look into bridge loans.
  2. imirza

    Financing Question

    REAL ESTATE 
    My partner and I have found a multi family property we want to rehab. Total cost including acquisition and rehab will be around $180k. Once we are done this property will appraise for $250k or more. We are planning on doing the acquisition and rehab using our money. Once we are done with the...
  3. imirza

    Stocks yes or no?

    My 2 cents. Watching Mad Money and taking advice from that raving lunatic is financial suicide. YouTube - Jim Cramer: The Christmas Flip-Flop
  4. imirza

    Where We Are, Where We're Heading (2009)

    Not to mention down payment of 10% or more. Income and credit requirements are so stringent that for all purposes banks have essentially made over 90% of the US population ineligible for mortgages. I would say compared to 2005, currently only 1 out of 20 people who could have gotten a mortgage...
  5. imirza

    Where We Are, Where We're Heading (2009)

    Wow. Such a rosy outlook for 2009. I'm going to go now and OD on some sleeping pills :wave: One point I completely disagree with him on is That's complete BS. Banks are not lending and that's a fact. I deal with banks on a daily basis and I know. For real estate, the only loans going through...
  6. imirza

    What's the next big bubble?

    RE: SHORTING CREDIT CARDS COMPANIES I wouldn't short Mastercard or Visa since they just own the network. They are not banks or actually holders of the underlying debt. Discover and AMEX do hold the debt. So shorting DFS or AXP is an option. I wouldn't short AMEX since its near multi decade...
  7. imirza

    The Crash Course

    This is a must see for anyone interested in getting a better understanding of our current financial crisis and what the future may hold. The Crash Course | Chris Martenson
  8. imirza

    Update from HF Manager with 866% return

    EXECUTION 
    This is a classic. "Today I write not to gloat. Given the pain that nearly everyone is experiencing, that would be entirely inappropriate. Nor am I writing to make further predictions, as most of my forecasts in previous letters have unfolded or are in the process of unfolding. Instead, I am...
  9. imirza

    Prepare for the worst

    HOT! 
    My thoughts : WINNERS - People who have cash ( preferably in a currency other than the USD. Gold and Silver are good) . Lots of deals will be found in equities and real estate in the coming years. LOSERS - People with high levels of debt. Even good debt ( rental cash flowing real estate) is...
  10. imirza

    Nigerian E-mail scam

    FUNNY 
    Dear American: I need to ask you to support an urgent secret business relationship with a transfer of funds of great magnitude. I am Ministry of the Treasury of the Republic of America. My country has had crisis that has caused the need for large transfer of funds of 800 billion dollars US...
  11. imirza

    How to blow $70 mil in 2 years

    EXECUTION 
    Scott Storch's Outrageous Fortune : Rolling Stone "He's in a red T-shirt, jeans and multihued Nike Air Force Ones, and he's glistening like the morning dew because of an obscene amount of jewelry, including a thirty-four-carat yellow-diamond ring worth $3 million, a thirteen-carat white-diamond...
  12. imirza

    Upcoming Industries

    Alternative Energy - Solar power, wind etc. Anything to do with alternative energy is attracting tons of venture capital these days. I believe Alt. energy today is like the tech industry in the 80s. Tons of potential and profits ahead.
  13. imirza

    $1.2M Apt, $80K Income

    REAL ESTATE 
    What is the Net Operating Income NOI ( gross income minus operating expenses) ? What are the CAP rates for similar properties in the area ? I would take the NOI and divide it by the CAP rate to get the value of the property and based on that I can decide if its a good buy or not.
  14. imirza

    Business and Non Profit Credit

    Go here CreditBoards -> Business Credit . Tells you everything you need to know about getting business credit cards.
  15. imirza

    Who has the highest earning Money Market account?

    INVESTING 
    I would be very worried about placing money with banks offering the highest yield on money market accounts and CDs. These are the banks most desperate for capital and at the highest risk of going under. Case in point IndyMac and Countrywide who offered above market rates. Placing your money in...
  16. imirza

    Teach me about Property Management?

    REAL ESTATE 
    KFSteve, SteveO is our resident expert on Apartment investing. You may want to ask him about property management. http://www.thefastlanetomillions.com/fastlane-multi-millionaire-stories/286-success-story-steve-o.html
  17. imirza

    Nice article about a Japanese dotcom billionaire

    EXECUTION 
    Hiroshi Mikitani conquered Japan's online shopping. He's decided he won't stop there. Hiroshi Mikitani was supposed to retire soon, all of age 43, to enjoy a private jet and watch his Japanese baseball team, the Rakuten Eagles, and the pro soccer team he sponsors in his hometown, Kobe.
  18. imirza

    Would you do business with ...

    OFF-TOPIC 
    Amazon ? EDIT: MJ this is a great marketing ploy. Getting so many people replying to this thread out of curiosity to discover the name of the company.
  19. imirza

    Would you do business with ...

    OFF-TOPIC 
    Experian, Equifax or one of the other credit reporting agencies ? EDIT: On second things cancel the above. Is it a peer to peer lending service like Prosper ?
  20. imirza

    Fannie Mae

    INVESTING 
    By going long FNM you're betting against Bill Ackman who got short this stock as well as Freddie Mac last week. Ackman is one smart guy. He shorted MBI and ABK when they were both trading a few hundred percent higher than where they are now. Freddie Mac and Fannie Mae are supposedly...

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