Purchased 10/2006 for $875k. Want to sell ten months later for a 23% gain (although the capital/credit ratio likely makes the ROR much higher than that).
Some choice quotes:
"$25,000 Price Reduction!"
- 25k on 1100k is 2.3%. Huge reduction! Motivated seller!
"a $125,000 discount in the price, which brings the appraised value down to asking price of $1,075,000"
- Huh? If I offer less the appraisal drops? How odd.
"Home is currently being used as a vacation rental when the owner is not staying in town for business, with monthly rental income of $10,000 per month"
- Because over the ten months I've owned it, this is the first month I've had it rented for $10k.
"This neighborhood is appreciating at 17% per year"
- So I figure I should cash in on some of that future appreciation by selling for a gain of 23%. Won't you please give some of your future gains to me now?
In was purchased 10/26 of last year but here you can see where she gets slammed in this forum where she is looking for "investors" in January of this year...the posters even state that she doesn't appear to be a legitimate board certified naturopath...oh...have fun...read the thread...it's a hoot!
Just finished reading that other forum--what a hoot! This person has no clue about how to manage their own finances, and brags about having a Jaguar (er, um, well, let's just say that this is the ONLY car make that EbayMotors does not offer their standard warranty on, read the fine print) as well as having purchased an $875K house (the one listed on CL, I believe), which, as we all know, fruit-pickers could have bought in the past couple of years (and did, in central CA).
And for somebody pulling in a $120K/year salary, why in the world do you need to finance lasik surgery????? And claim's that she's $3K/mo to the good, but wants to borrow more $ to paint her house and invest in her business. Wow.
Wow...thanks guys...I just showed you the "tip of the iceberg" on this one.
If you notice in the other forum where she states 120k income...she does not mention that is gross. I'm assuming this because she lists her "office rental" in her expenses from the 10k per month.
So...I'm gonna assume that she pulls in roughly....ohhh...less than 120k.
The ad for the Seattle VRBO was originally placed 11/20/06...roughly a month after she purchased it...just in time for peak "lets go to Seattle on vacation!!!" season
you will see that she holds not just the 875k (purchase price) house but a condo in Tiburon also which was originally listed in March 2007. Could that be her personal condo? Who knows...maybe she sleeps in her office and showers at the gym when it's rented out
So on a 120k (stated) income. It looks like she's got one hell of a heap of Mortgage debt plus all the other extras she claims.
I wonder how this one's gonna pan out.
BTW...did you see that one guys post with the links to the school and the forum concerning the school that she is getting her MD at? OMG :shock:
Comments
And GADS that structure is 'EWE - GEE - ELL - WHY' ! :shock:
Some choice quotes:
"$25,000 Price Reduction!"
- 25k on 1100k is 2.3%. Huge reduction! Motivated seller!
"a $125,000 discount in the price, which brings the appraised value down to asking price of $1,075,000"
- Huh? If I offer less the appraisal drops? How odd.
"Home is currently being used as a vacation rental when the owner is not staying in town for business, with monthly rental income of $10,000 per month"
- Because over the ten months I've owned it, this is the first month I've had it rented for $10k.
"This neighborhood is appreciating at 17% per year"
- So I figure I should cash in on some of that future appreciation by selling for a gain of 23%. Won't you please give some of your future gains to me now?
I assume the owner lives in Tiburon (Bay Area)
she runs this site... http://www.holistichealthonline.com and does consultations out of her office in Tiburon.
In was purchased 10/26 of last year but here you can see where she gets slammed in this forum where she is looking for "investors" in January of this year...the posters even state that she doesn't appear to be a legitimate board certified naturopath...oh...have fun...read the thread...it's a hoot!
http://forums.prosper.com/index.php?act ... 11&t=16794
She has also been trying to rent it out as a vacation rental...
http://www.vrbo.com/109887
I think she's been practicing her own medicine.
Just finished reading that other forum--what a hoot! This person has no clue about how to manage their own finances, and brags about having a Jaguar (er, um, well, let's just say that this is the ONLY car make that EbayMotors does not offer their standard warranty on, read the fine print) as well as having purchased an $875K house (the one listed on CL, I believe), which, as we all know, fruit-pickers could have bought in the past couple of years (and did, in central CA).
And for somebody pulling in a $120K/year salary, why in the world do you need to finance lasik surgery????? And claim's that she's $3K/mo to the good, but wants to borrow more $ to paint her house and invest in her business. Wow.
Oh, the stupidity! :roll:
If you notice in the other forum where she states 120k income...she does not mention that is gross. I'm assuming this because she lists her "office rental" in her expenses from the 10k per month.
So...I'm gonna assume that she pulls in roughly....ohhh...less than 120k.
The ad for the Seattle VRBO was originally placed 11/20/06...roughly a month after she purchased it...just in time for peak "lets go to Seattle on vacation!!!" season
If you look here....
http://www.vrbo.com/124046
you will see that she holds not just the 875k (purchase price) house but a condo in Tiburon also which was originally listed in March 2007. Could that be her personal condo? Who knows...maybe she sleeps in her office and showers at the gym when it's rented out
So on a 120k (stated
I wonder how this one's gonna pan out.
BTW...did you see that one guys post with the links to the school and the forum concerning the school that she is getting her MD at? OMG :shock: