Order Volume

[Surf Cat]

I looked into buying one this year. My buddy who's a bartender talked me out of it. You're buying a job is basically the advice he gave me. I did like the idea a lot though.

The thing is, Fernando owns the commercial unit. So, no rent. Granted, I don't know what kind of a unit it is, if it's a viable location or not. If you read any Fernando's posts about his properties, he appears to be a bit of a slumlord. So the idea right there might be null and void because the unit's a complete junker.

He does complain about not collecting rent from some of his tenants though. So, boot them and start a brewery. Make his wife "not" want to sell...

 

[Pat57]

I have been a certified residential appraiser for over 20 years and work has never been this sparse. Order volume is at a crawl in recent weeks and I am just curious if anyone else is as worried as I am.

Also very slooowwwww, not one order in 3 weeks very scary.

 

[Zoe]

The thing is, Fernando owns the commercial unit. So, no rent. Granted, I don't know what kind of a unit it is, if it's a viable location or not. If you read any Fernando's posts about his properties, he appears to be a bit of a slumlord. So the idea right there might be null and void because the unit's a complete junker.

He does complain about not collecting rent from some of his tenants though. So, boot them and start a brewery. Make his wife "not" want to sell...

yeah, you can tell Fernando can live off the rent on his properties and still pay taxes and insurance. I have no idea how many he owns or whatever or wherever they are. Evidently they must be in a somewhat favorable location because they seem to stay occupied.

Every now and then he complains about maintenance and repair expenses. But he don't owe the bank money on them. You can tell that.

When he says he is thinking about buying something, it is cash buy.

Get Fernando to buy the building and do the tenant improvements and rent from him.

 

[Terrel L. Shields]

very slooowwwww

When things are busy, most people don't want to take time off to diversify their business. They don't get their CG, they don't try to specialize in a niche. Then when things are slow, they cannot afford to upgrade skills. Catch - 22.

 

[ucbruin]

When things are busy, most people don't want to take time off to diversify their business. They don't get their CG, they don't try to specialize in a niche. Then when things are slow, they cannot afford to upgrade skills. Catch - 22.

This scenario, while definitely applicable to the appraisal industry....
Probably applies to all industries....

 

[glenn walker]

The thing is, Fernando owns the commercial unit. So, no rent. Granted, I don't know what kind of a unit it is, if it's a viable location or not. If you read any Fernando's posts about his properties, he appears to be a bit of a slumlord. So the idea right there might be null and void because the unit's a complete junker.

He does complain about not collecting rent from some of his tenants though. So, boot them and start a brewery. Make his wife "not" want to sell...

There is no solution to a 75 year old property that is fully physically depreciated, and has no real property manager.

 

[NJ Valuator]

extremely slow for me in NJ. 25+ years certified.

 

[Fernando]

No

There's nothing good about it to someone without a mortgage payment for 20 years. It means you have to invest in risky stocks at a time in your life you need less risk. In the dotcom bubble I heard of a lady who lost 60% of her money due to bad advice on mutual funds that turned out to contain mostly the same stocks. Not nearly as diversified as advertised. Do you expect elderly women to be financially savvy investors?

There's nothing good about it to someone without a mortgage payment for 20 years. It means you have to invest in risky stocks at a time in your life you need less risk. In the dotcom bubble I heard of a lady who lost 60% of her money due to bad advice on mutual funds that turned out to contain mostly the same stocks. Not nearly as diversified as advertised. Do you expect elderly women to be financially savvy investors

Why buy mutual funds and pay management fee?. Listen to Warren Buffett and buy ETFs.

 

[Essexfenwick]

The gist of the refi problem is the FED screwed it up by ever allowing rates to go below 3%. Zero interest invited poor investment decisions and has made it nearly impossible to raise rates without killing the RE market, endangering the health of banks and freezing homeowners into their current mortgage.

Wrong. The gist of the problem is socialist control of the price of money and the QE1/2/3/4/5 required to stop the market from setting logical rates. Logical rates cause discipline which washington cannot handle. The lack of discipline which everybody voted for has now shown up in high inflation. Inflation is forcing discipline that will break life the way people are used to. You can’t leave the house drive and get fast food for 2 for under 40 bucks (60 bucks before taxes) and energy plus food are going way higher.

We are going to see some serious pain.

 

[Terrel L. Shields]

hy buy mutual funds and pay management fee?. Listen to Warren Buffett and buy ETFs.

The lady took the advice of a certified financial planner. Afterwards she asked for a second opinion from a more skeptical CFP source. He looked through the 4 or 5 MF's and discovered they were pretty much identical. "Blue Chip" "International" "Technology" and "Growth" were all basically carrying Amazon, Nike, Apple, SunMicro, Worldcom, etc. in varying degrees...

At the time of the Dotcom bubble, ETFs were neither transparent nor popular. SPDR ETFs were relatively new as well.