Comments for Friday Coffee Break http://fridaycoffeebreak.com Weekly Preforeclosure Updates from Patrick Precourt Tue, 08 Nov 2011 16:01:16 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Best Places to Find Short Sale Leads! Whether you’re new to the Biz or a Wiley Veteran! by Patrick Precourt http://fridaycoffeebreak.com/topics/real-estate/best-place-find-short-sale-leads/comment-page-1/#comment-1213 Patrick Precourt Tue, 08 Nov 2011 16:01:16 +0000 http://fridaycoffeebreak.com/?p=664#comment-1213 Hey Dan - thanks for stopping by and leaving a comment. We are working on a few things over here. As you can tell we updated the FCB site and looking to improve our social networking. Check out our new video http://fridaycoffeebreak.com/topics/real-estate/fannie-mae-is-choking-our-economy/ If you are looking for a software that can help manage your online presence.... http://finersolution.com. Pat Hey Dan – thanks for stopping by and leaving a comment. We are working on a few things over here. As you can tell we updated the FCB site and looking to improve our social networking. Check out our new video http://fridaycoffeebreak.com/topics/real-estate/fannie-mae-is-choking-our-economy/

If you are looking for a software that can help manage your online presence…. http://finersolution.com.

Pat

]]> Comment on Best Places to Find Short Sale Leads! Whether you’re new to the Biz or a Wiley Veteran! by Dan http://fridaycoffeebreak.com/topics/real-estate/best-place-find-short-sale-leads/comment-page-1/#comment-1212 Dan Tue, 08 Nov 2011 13:48:27 +0000 http://fridaycoffeebreak.com/?p=664#comment-1212 Hey Pat, I appreciate the knowledge and the insight that you share with us. I haven't gotten the e-mail for the Friday Coffee Break for some time for whatever reason, but I'm glad this one came through. Hope I'm back in the loop. Thanks Hey Pat, I appreciate the knowledge and the insight that you share with us. I haven’t gotten the e-mail for the Friday Coffee Break for some time for whatever reason, but I’m glad this one came through. Hope I’m back in the loop. Thanks

]]> Comment on The “Real” Real Estate Scam by Brad http://fridaycoffeebreak.com/topics/real-estate/the-real-real-estate-scam/comment-page-1/#comment-1108 Brad Wed, 27 Apr 2011 15:53:35 +0000 http://fridaycoffeebreak.com/?p=682#comment-1108 Yes - it is a good thing that Fanny and Freddy should go away. In addition to an open taxpayer funded checkbook and unjustified bonuses, both institutions have been subjected to political manipulation by Congress (both parties) in the name of some political opportunistic reason, e.g. making housing affordable for more people. Yes – it is a good thing that Fanny and Freddy should go away. In addition to an open taxpayer funded checkbook and unjustified bonuses, both institutions have been subjected to political manipulation by Congress (both parties) in the name of some political opportunistic reason, e.g. making housing affordable for more people.

]]> Comment on The “Real” Real Estate Scam by Henry http://fridaycoffeebreak.com/topics/real-estate/the-real-real-estate-scam/comment-page-1/#comment-1092 Henry Fri, 15 Apr 2011 19:45:36 +0000 http://fridaycoffeebreak.com/?p=682#comment-1092 Pat, right is right and these guys are not! It time for them to go. Great job !! Henry Pat, right is right and these guys are not! It time for them to go. Great job !!
Henry

]]> Comment on The “Real” Real Estate Scam by The “Real” Real Estate Scam | Flipping Houses Today.com http://fridaycoffeebreak.com/topics/real-estate/the-real-real-estate-scam/comment-page-1/#comment-1071 The “Real” Real Estate Scam | Flipping Houses Today.com Mon, 11 Apr 2011 19:35:45 +0000 http://fridaycoffeebreak.com/?p=682#comment-1071 [...] continue receiving MILLIONS in performance bounces even when they don’t perform?View full post on Friday Coffee Break [...] [...] continue receiving MILLIONS in performance bounces even when they don’t perform?View full post on Friday Coffee Break [...]

]]> Comment on Why College is the Biggest Scam in America Today! by Thersa Fundora http://fridaycoffeebreak.com/topics/real-estate/why-college-is-the-biggest-scam-in-america-today/comment-page-1/#comment-1069 Thersa Fundora Mon, 11 Apr 2011 03:45:54 +0000 http://fridaycoffeebreak.com/?p=635#comment-1069 Simply insightful! I've worked in the financial sector myself (interned at Goldman Sachs so I've been in the position of observing a lot of investors and underwriters going through IPOs. Since then, I've moved from hedge funds to an entrepreneurial start-up so I'm still in a remarkably clear position to observe human behavior. Although I wouldn't say that I'm an master at investing in any way, I do know that while you can make a killing from day trading, your chances of competing with other informational traders (people who really know the stocks) are slim..and don't even mention the dealers and brokers who have their own reputation and assets at risk! My advice: if you are looking to invest for asset management reasons, go ahead and take a brief read at an award-winning essay by Delos Chang that details the S&P 500 as a more reliable and surefire return than any sort of day trading. With the inflation, drug wars, stock bubbles, mortgage housing crises these days, you can't just keep paying transaction costs or the capital gains tax will really make you bite the bullet (even if you've made a negative profit from inflation!). Opportunity cost - economics 101. Simply insightful! I’ve worked in the financial sector myself (interned at Goldman Sachs so I’ve been in the position of observing a lot of investors and underwriters going through IPOs. Since then, I’ve moved from hedge funds to an entrepreneurial start-up so I’m still in a remarkably clear position to observe human behavior. Although I wouldn’t say that I’m an master at investing in any way, I do know that while you can make a killing from day trading, your chances of competing with other informational traders (people who really know the stocks) are slim..and don’t even mention the dealers and brokers who have their own reputation and assets at risk! My advice: if you are looking to invest for asset management reasons, go ahead and take a brief read at an award-winning essay by Delos Chang that details the S&P 500 as a more reliable and surefire return than any sort of day trading. With the inflation, drug wars, stock bubbles, mortgage housing crises these days, you can’t just keep paying transaction costs or the capital gains tax will really make you bite the bullet (even if you’ve made a negative profit from inflation!). Opportunity cost – economics 101.

]]> Comment on When Investing in Real Estate, Failure is Inevitable When You Have No Plan! by Evaline http://fridaycoffeebreak.com/topics/real-estate/when-investing-in-real-estate-failure-is-inevitable-when-you-have-no-plan/comment-page-1/#comment-1068 Evaline Sat, 09 Apr 2011 20:46:02 +0000 http://fridaycoffeebreak.com/?p=166#comment-1068 ThYl1j IJWTS wow! Why can't I think of things like that? ThYl1j IJWTS wow! Why can’t I think of things like that?

]]> Comment on The Biggest Advantage to Having Your Own Loss Mitigation Company by Brian Meara http://fridaycoffeebreak.com/topics/real-estate/the-biggest-advantage-to-having-your-own-loss-mitigation-company/comment-page-1/#comment-1057 Brian Meara Thu, 17 Feb 2011 13:53:42 +0000 http://fridaycoffeebreak.com/?p=453#comment-1057 Where are you man? Looks like you disappeared! Where are you man? Looks like you disappeared!

]]> Comment on I Bet You DON’T Even Know Who You Voted For! So Stop Your Freakin’ Whining! by margaret smith http://fridaycoffeebreak.com/topics/real-estate/i-bet-you-dont-even-know-who-you-voted-for-so-stop-your-freakin-whining/comment-page-1/#comment-549 margaret smith Sat, 06 Nov 2010 01:30:31 +0000 http://fridaycoffeebreak.com/?p=674#comment-549 Hey Pat- Maybe I'm missing something, but I think it is misleading to tell the folks that the tax liens are bringing in a "minimum 18%." There is a competitive bidding process, and in my town of Sarasota and Bradenton, FL, those rates most often are bid down to 2% and less, looking at June's figures. Institutions are bidding for huge numbers of properties, and everyone is looking for a safe place to park money, so the good deals just are not there any more. I did find empty lots being abandoned by big developers, who are cutting costs today by letting their taxes go to liens, in the hope that things will get better within the next 2-3 years and they can pay back the tax arearage and continue building. However, that is one serious gamble. You could be stuck with a lot in a failed development that no one wants, and has no use for any end buyer. If you do decide to "take the property" once the owner has lost his rights to buy back the taxes, you have to shell out the full price of the property and the foreclosure costs. Got cash? Just to say, "BEWARE of TAX LIENS!" Hey Pat-
Maybe I’m missing something, but I think it is misleading to tell the folks that the tax liens are bringing in a “minimum 18%.” There is a competitive bidding process, and in my town of Sarasota and Bradenton, FL, those rates most often are bid down to 2% and less, looking at June’s figures. Institutions are bidding for huge numbers of properties, and everyone is looking for a safe place to park money, so the good deals just are not there any more. I did find empty lots being abandoned by big developers, who are cutting costs today by letting their taxes go to liens, in the hope that things will get better within the next 2-3 years and they can pay back the tax arearage and continue building. However, that is one serious gamble. You could be stuck with a lot in a failed development that no one wants, and has no use for any end buyer.

If you do decide to “take the property” once the owner has lost his rights to buy back the taxes, you have to shell out the full price of the property and the foreclosure costs. Got cash?

Just to say, “BEWARE of TAX LIENS!”

]]> Comment on I Bet You DON’T Even Know Who You Voted For! So Stop Your Freakin’ Whining! by Marko http://fridaycoffeebreak.com/topics/real-estate/i-bet-you-dont-even-know-who-you-voted-for-so-stop-your-freakin-whining/comment-page-1/#comment-548 Marko Fri, 05 Nov 2010 23:22:46 +0000 http://fridaycoffeebreak.com/?p=674#comment-548 Pat and Bob - Keep up the good creative work. You have built a company and established yourselves as experts in the field. Now you have power and a voice. We will follow you now. Best, Mark from Pittsburgh Pat and Bob – Keep up the good creative work. You have built a company and established yourselves as experts in the field. Now you have power and a voice. We will follow you now.

Best,
Mark from Pittsburgh

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