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  1. B

    Buying first warehouse.... words of wisdom?

    REAL ESTATE 
    That price seems high at $72 psf. I work with large industrial buildings in the 200k sf + range in different markets than where you are located so you need to have your broker do some research to find the correct price. Keep in mind that people buy industrial buildings for the cash flow. Have...
  2. B

    Another computer question

    OFF-TOPIC 
    Do some google searches on forgot admin password, bootable cd and such. When I had this problem with a friends computer running windows xp. I found a program someone created that would start up and figure out what the admin password was. I'm guessing there will be something similar for windows...
  3. B

    Uptick . . .

    REAL ESTATE 
    From what I have been told by real estate agents their was a big rush of buyers going under contract by the April 30th deadline to qualify for the $8k tax credit. These houses have to close by June 30th to qualify for the tax credit.
  4. B

    Need advice...

    Yep I should have been more clear the price of a finished lot is usually 30 to 40 % of a homes value. Once again i think you should show the land owner the estimated cost of the site work to show them why you can only pay so much to them. People don't realize how much site work cost. The...
  5. B

    Where do you find "legit" reo property lists?

    REAL ESTATE 
    Most lenders have a list of REO properties on their sites. Phxmj put together a list of some of the banks in this thread http://www.thefastlanetomillions.com/real-estate-residential/3335-find-bank-reo.html. Some of those banks don't exist anymore but it will get you started.
  6. B

    Need advice...

    Why don't you enter into an agreement with the homeowner that you will give them a % of the final home price. Most land owners think developers are under paying them for their land and keeping the extra profits. By doing a % deal you alleviate this concern of the land owner. I would show...
  7. B

    Is this the new normal for commercial RE lending?

    REAL ESTATE 
    We had a bank wanting to sell use(the company I previously worked for) some loans below face value on some very good commercial property. These were non-preforming loans. The tenants were payaing their rent but the owner was using that cash flow to pay other people instead of making loan...
  8. B

    Making Money From A Foundation

    HOT! 
    What you are looking for is how to fund your indirect costs. Most grant making agencies will give you a percentage of direct costs as indirect costs. First a little definition of Direct vs Indirect costs. Direct Costs - would include costs for lab materials purchased for a study, staff...
  9. B

    Domain Expiration?

    WEB/DIGITAL 
    Here is a good article about the process of picking up expired domain names. http://www.mikeindustries.com/blog/archive/2005/03/how-to-snatch-an-expiring-domain
  10. B

    PROGRESS THREAD: (WildAmbitions) Moving Beyond Layoff ...

    EXECUTION 
    congratulations sounds like you are making great progress. Looks like your about us link is not working...
  11. B

    How would you dice this?

    REAL ESTATE 
    What I would do is create a proforma of the costs and revenue for the life of the project with the cabins being sold when they are completed. The purpose of this exercise is to see if the internal rate of return is good enough to merit doing the project. I would put a monthly management fee in...
  12. B

    Visual Basic and VBA

    WEB/DIGITAL 
    Here is a good site to learn some basics for scripting. W3Schools Online Web Tutorials Are you using vbscript for server side scripting? .asp pages? asp.net pages?
  13. B

    Stop staring at the painting

    Very true Jason....
  14. B

    Blackberry Game Development?

    WEB/DIGITAL 
    Biz Apps would be the place to be for blackberry. An app that could bring in current financial data for any company that a user picked could be very useful. You could then add a comparison option as well between selected companies. I think that is the type of app that is being alluded to in...
  15. B

    Investing in California IOU's ...An Investor Opportunity?

    PEOPLE 
    People on craigslist (Los Angeles) are advertising to purchase them from .70 cents to .85 cents on the dollar. I wonder if anyone is cashing in their IOUs besides at the bank.
  16. B

    Investing in California IOU's ...An Investor Opportunity?

    PEOPLE 
    It will be interesting to see what kind of discounts people will be willing to receive to cash in their IOU. From what I have read it sounds like most credit unions and major banks(until Friday for the major banks) are going to treat the IOUs as cash but there are a lot of people out there who...
  17. B

    In need of a bank that will finance spec construction!

    REAL ESTATE 
    Are you talking about putting down 50% of the vertical construction costs or 50% of the land and vetical construction costs? Most of the national banks aren't loaning money for spec houses. Your best bet is probably a local community bank though you may just have to have the house sold before...
  18. B

    I Have a Whale of a Problem!

    WEB/DIGITAL 
    Are there some ebooks you can offer around overcoming fears? Or maybe some ebooks on better yourself dealing with low self-esteem.
  19. B

    Great News for FHA buyers/Flippers/Realtors

    REAL ESTATE 
    Kind of interesting that the FHA was at first planning on letting people use the $8,000 tax rebate towards thier 3.5% downpayment. Article dated May 22 Return of the no-down payment loan - Money Features Article dated June 2 Update: FHA backs away from no down payment loans - Money...
  20. B

    News: Credit Card Reform nears passage

    Reading through one item that caught my attention was that payments would have to go to be applied to the higher interest balance first instead of what credit card companies do now which is to apply it to the lower interest balances. I'm wondering if this will discourage credit card...
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