Comments on: The Definition of Investing and The Truth About Cash http://wreckstoriches.com/blog/2008/05/22/the-definition-of-investing-and-the-truth-about-cash/ Foreclosure Real Estate Investing with Josh Blank and Robert Anthony Real Estate Fri, 21 Nov 2008 03:43:15 +0000 http://wordpress.org/?v=2.3.1 By: Josh http://wreckstoriches.com/blog/2008/05/22/the-definition-of-investing-and-the-truth-about-cash/#comment-235 Josh Fri, 23 May 2008 17:25:44 +0000 http://wreckstoriches.com/blog/2008/05/22/the-definition-of-investing-and-the-truth-about-cash/#comment-235 Dan, Glad things have been working for you. You have the right perspective, which makes all the difference in the world. You guys own a heck of a lot of real estate and you've done it without touching a single cent of your own money. IMPRESSIVE! Dan,

Glad things have been working for you. You have the right perspective, which makes all the difference in the world. You guys own a heck of a lot of real estate and you’ve done it without touching a single cent of your own money.

IMPRESSIVE!

]]> By: Abdul Mandani http://wreckstoriches.com/blog/2008/05/22/the-definition-of-investing-and-the-truth-about-cash/#comment-232 Abdul Mandani Fri, 23 May 2008 00:27:37 +0000 http://wreckstoriches.com/blog/2008/05/22/the-definition-of-investing-and-the-truth-about-cash/#comment-232 I am interested in buying a warehouse/office condo in Geneva. Area: 1500 Sq.ft. Asking price $170K. With 20% down, financing balance at 6% for 25 years. P&I comes to $875. There's already a tenant paying $1000 plus Taxes, CAM and Insurance. Has signed a lease for 3 years. I have a home equity line of credit for $150K. Available balance: $147K. Presently, rate of interest 5.25% which I can lock in paying $95 fee) I have about $70K in savings. My questions: 1. Should I borrow against my home equity ($147K) and balance ($23K) from my savings. There's no paper work involved. I just have to write a check. 2. Take out the commercial loan, paying $34K from my savings. 3. Which one is the better deal. Which one has the tax advantage? Or, this is not a good proposition? Would appreciate your response. Thanks I am interested in buying a warehouse/office condo in Geneva. Area: 1500 Sq.ft. Asking price $170K. With 20% down, financing balance at 6% for 25 years. P&I comes to $875.
There’s already a tenant paying $1000 plus Taxes, CAM and Insurance. Has signed a lease for 3 years.
I have a home equity line of credit for $150K. Available balance: $147K. Presently, rate of interest 5.25% which I can lock in paying $95 fee)
I have about $70K in savings. My questions:
1. Should I borrow against my home equity ($147K) and balance ($23K) from my savings. There’s no paper work involved. I just have to write a check.
2. Take out the commercial loan, paying $34K from my savings.
3. Which one is the better deal. Which one has the tax advantage?
Or, this is not a good proposition?
Would appreciate your response.
Thanks

]]> By: Dan Shafron http://wreckstoriches.com/blog/2008/05/22/the-definition-of-investing-and-the-truth-about-cash/#comment-229 Dan Shafron Thu, 22 May 2008 17:12:19 +0000 http://wreckstoriches.com/blog/2008/05/22/the-definition-of-investing-and-the-truth-about-cash/#comment-229 Josh, Great post. We have been "owning" real estate for a few years now, through your system, and feel better about our financial future than ever before. I remember the days of my stocks going down for some obscure reason, and unable to react except to sell off at the bottom. With Real Estate, I have much greater control on my investment. Some of the issues are challenging, but mostly under my control (especially with the help of your team! Thanks Ron!). With the devaluation of the dollar, now more than ever, I am glad that we started investing in real estate. As prices go up, our net worth goes up, therefore making price increases a null issue in our daily lifes (as you say Great Equalizer). Thank You for all of your help. Dan Josh,

Great post. We have been “owning” real estate for a few years now, through your system, and feel better about our financial future than ever before. I remember the days of my stocks going down for some obscure reason, and unable to react except to sell off at the bottom. With Real Estate, I have much greater control on my investment. Some of the issues are challenging, but mostly under my control (especially with the help of your team! Thanks Ron!).

With the devaluation of the dollar, now more than ever, I am glad that we started investing in real estate. As prices go up, our net worth goes up, therefore making price increases a null issue in our daily lifes (as you say Great Equalizer).

Thank You for all of your help.

Dan

]]>