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Offline debk

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #25 on: January 21, 2010, 12:38:00 PM »
Quote from: Celtic Rose on January 21, 2010, 10:59:42 AM
Am I reading that right?  Really nice houses are only $100,000 in Massachusetts?   I might have to start trying to get transferred to our Boston office.  

You could maybe buy one house out here for the price of all of his houses.  Dang.


If I read what he filled out correctly....the second home is a time-share. Just about anybody with a decent credit rating and a couple of thousand dollars can buy into a time-share.  :whatever: (my daughter and her husband stayed in one on their honeymoon in Cabo San Lucas - and the twits bought into one for $1500  :banghead: they couldn't understand why all the parents thought it was dumb  ::) )

Lots of people - both conservatives and liberals - started buying rental properties in the last 10 years....safer investment than the stock market. They wanted something tangible that they could reach out and touch.. and most importantly.... retain/grow in value and generate income,  rather than a piece of paper that may be worth a lot of money one day and nothing the next.
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Offline thundley4

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #26 on: January 21, 2010, 12:44:31 PM »
Quote
rather than a piece of paper that may be worth a lot of money one day and nothing the next.

Kind of like what happened with the housing bubble?

:bolt:  Just kidding since you are a realtor.  :-)
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Offline debk

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #27 on: January 21, 2010, 12:57:36 PM »
Quote from: thundley4 on January 21, 2010, 12:44:31 PM
Kind of like what happened with the housing bubble?

:bolt:  Just kidding since you are a realtor.  :-)


 :tongue:

Most investors, who are buying rental properties, are not buying expensive properties. There has to be a margin of profit, and if the property has a mortgage, the profit margin is greatly narrowed.

While affected by the housing bubble somewhat....it has been minimal, simply because the lower end properties have not lost as much money and the rent amount has not decreased...so it's still an income producing property.

I have worked with investors for years....it's a much different market than primary residence purchasing. In many ways...it's much harder. Harder to find the investors specific profit margin. On the other hand...there's little to no emotion in the purchase.

 
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Just hand over the chocolate...back away slowly...far away....and you won't get hurt....

Save the Earth... it's the only planet with chocolate.

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A balanced diet is chocolate in both hands.

Offline thundley4

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #28 on: January 21, 2010, 01:01:18 PM »
Quote from: debk on January 21, 2010, 12:57:36 PM

 :tongue:

Most investors, who are buying rental properties, are not buying expensive properties. There has to be a margin of profit, and if the property has a mortgage, the profit margin is greatly narrowed.

While affected by the housing bubble somewhat....it has been minimal, simply because the lower end properties have not lost as much money and the rent amount has not decreased...so it's still an income producing property.

I have worked with investors for years....it's a much different market than primary residence purchasing. In many ways...it's much harder. Harder to find the investors specific profit margin. On the other hand...there's little to no emotion in the purchase.

 

Hasn't the housing bust been a boon to rental property owners?
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Offline Texacon

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #29 on: January 21, 2010, 01:28:33 PM »
Quote from: debk on January 21, 2010, 12:57:36 PM

 :tongue:

Most investors, who are buying rental properties, are not buying expensive properties. There has to be a margin of profit, and if the property has a mortgage, the profit margin is greatly narrowed.



You got that right!  I'm an investor.  I hate to tell this but .... I bought a house for $9,000.00 and put $6,000.00 in repairs into it.  I rent it for $450.00/month and it has never been empty longer than a month.  That is least expensive I have picked up a home.  I have several I bought as really good deals then I have 2 I bought that are renting at a rate to "Just break even".  I bought those 2 homes because they were in good shape in a good area and I could buy them right.  I'll hold them at no cost to me for probably 5 - 10 years then I'll sell them for what the market is right then and make my money.

KC
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Offline Texacon

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #30 on: January 21, 2010, 01:29:02 PM »
Quote from: thundley4 on January 21, 2010, 01:01:18 PM
Hasn't the housing bust been a boon to rental property owners?

Yes it has.

KC
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Offline NHSparky

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #31 on: January 21, 2010, 01:31:44 PM »
Quote from: Celtic Rose on January 21, 2010, 10:59:42 AM
Am I reading that right?  Really nice houses are only $100,000 in Massachusetts?   I might have to start trying to get transferred to our Boston office.  

You could maybe buy one house out here for the price of all of his houses.  Dang.

Don't even bother.  It's "over $100K", which is the only requirement unless the value is over $1M.

I'd venture to guess the house in Rye would go for at least a half-million.  Ones on the ocean can go for upwards of $3-5M.

Hell, new construction right behind me is still going for around $300K.

ETA: The one in Rye isn't a timeshare.
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Offline formerlurker

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #32 on: January 21, 2010, 01:34:02 PM »
I am having a hard time coming up with a poor Democrat member of Congress from MA --- I got nothing.  They don't exist.
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Offline debk

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #33 on: January 21, 2010, 01:37:33 PM »
Quote from: Texacon on January 21, 2010, 01:28:33 PM
You got that right!  I'm an investor.  I hate to tell this but .... I bought a house for $9,000.00 and put $6,000.00 in repairs into it.  I rent it for $450.00/month and it has never been empty longer than a month.  That is least expensive I have picked up a home.  I have several I bought as really good deals then I have 2 I bought that are renting at a rate to "Just break even".  I bought those 2 homes because they were in good shape in a good area and I could buy them right.  I'll hold them at no cost to me for probably 5 - 10 years then I'll sell them for what the market is right then and make my money.

KC


You are a perfect example of a "good" investor!  :bow:

Maybe you should run for the Senate....you multi-house owner, you!  :-)
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Just hand over the chocolate...back away slowly...far away....and you won't get hurt....

Save the Earth... it's the only planet with chocolate.

"My therapist told me the way to achieve true inner peace is to finish what I start. So far I've finished two bags of M&M's and a chocolate cake. I feel better already." – Dave Barry

A balanced diet is chocolate in both hands.

Offline The Village Idiot

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #34 on: January 21, 2010, 01:38:10 PM »
Scott Brown says healthcare for everyone:

[youtube=425,350]http://www.youtube.com/watch?v=p8Y2sAdDw98[/youtube]
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Offline Texacon

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #35 on: January 21, 2010, 01:40:55 PM »
Quote from: debk on January 21, 2010, 01:37:33 PM

You are a perfect example of a "good" investor!  :bow:

Maybe you should run for the Senate....you multi-house owner, you!   :-)

Uhhh Hayle NO!  LOL  I don't think my life could stand the scrutiny.  I was a little wild once upon a time.  I think I'll just stay a multi -home/vehicle owner .....

Thanks though!

KC
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Offline The Village Idiot

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #36 on: January 21, 2010, 01:49:44 PM »
Quote from: Texacon on January 21, 2010, 01:40:55 PM
Uhhh Hayle NO!  LOL  I don't think my life could stand the scrutiny.  I was a little wild once upon a time.  I think I'll just stay a multi -home/vehicle owner .....

Thanks though!

KC

Vote Texacon! Texacon! He'll grill you some brisket if you vote for him! Texacon!
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Offline zeitgeist

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #37 on: January 21, 2010, 01:56:35 PM »
Quote from: franksolich on January 21, 2010, 08:52:25 AM
I noticed that right off, too.

This was John Kennedy's seat.

Before that, it belonged to Henry Cabot Lodge, and it's good to see Henry's seat back in the proper hands.



Mother use to like to say "The Cabots speak only to the Lodges and the Lodges speak only to God." :-)

But what she use to say about Ole Joe Kennedy and Uncle Joe Stalin should not be repeated in mixed company.  :o
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Offline Texacon

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #38 on: January 21, 2010, 02:07:11 PM »
Quote from: FGL on January 21, 2010, 01:49:44 PM
Vote Texacon! Texacon! He'll grill you some brisket if you vote for him! Texacon!

LOL  No he won't!  He'll grill you some brisket if you DON'T vote for him though.  Hell, me running would be like a Kinky Friedman candidacy! 

KC
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Offline IassaFTots

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #39 on: January 21, 2010, 02:14:40 PM »
Quote from: Texacon on January 21, 2010, 02:07:11 PM
LOL  No he won't!  He'll grill you some brisket if you DON'T vote for him though.  Hell, me running would be like a Kinky Friedman candidacy! 

KC

That was amusing.  It really was.  Poor buddy.  He lost me when he said he was gonna put Willie Nelson as his Transportation Secretary.  I like Willie.  But really?
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Offline The Village Idiot

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #40 on: January 21, 2010, 02:24:06 PM »
He is running for something else this year.

Lt Gov or Attorney General or Highway Sweeper or something
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Offline Texacon

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #41 on: January 21, 2010, 02:24:37 PM »
Quote from: IassaFTots on January 21, 2010, 02:14:40 PM
That was amusing.  It really was.  Poor buddy.  He lost me when he said he was gonna put Willie Nelson as his Transportation Secretary.  I like Willie.  But really?

You know ... Kinky has some good ideas, some great ideas and some ideas that just make you go  W    T    F   ??

I thought about voting for him just to piss off Governor Good Hair though.  Rick has pissed me off too much for me to vote for him again.

KC
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Offline IassaFTots

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #42 on: January 21, 2010, 02:34:20 PM »
Quote from: Texacon on January 21, 2010, 02:24:37 PM
You know ... Kinky has some good ideas, some great ideas and some ideas that just make you go  W    T    F   ??

I thought about voting for him just to piss off Governor Good Hair though.  Rick has pissed me off too much for me to vote for him again.

KC

 :greet:  Dude.   I hear ya.  Did you hear the debate with Medina last week?  I think I heard she got enough backing to go up on the next one too.  KBH?  No way.  No friggin way.   

I was really dissapointed that Kinky decided to run as a Democrat, and then to drop out.  I was kinda hoping maybe he would confab with the Nuge, and get his act together.  If he had dropped his schtick, and some of his crazy ideas, I think he could have had a decent chance. 

 
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Offline Texacon

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #43 on: January 21, 2010, 02:39:45 PM »
Quote from: IassaFTots on January 21, 2010, 02:34:20 PM
:greet:  Dude.   I hear ya.  Did you hear the debate with Medina last week?  I think I heard she got enough backing to go up on the next one too.  KBH?  No way.  No friggin way.   

I was really dissapointed that Kinky decided to run as a Democrat, and then to drop out.  I was kinda hoping maybe he would confab with the Nuge, and get his act together.  If he had dropped his schtick, and some of his crazy ideas, I think he could have had a decent chance. 

 

I like Medina a lot but she REALLY needs to get off the idea of taxing home sales.  That is going to kill her.

KC
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Offline formerlurker

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #44 on: January 21, 2010, 02:46:17 PM »
Quote from: FGL on January 21, 2010, 01:38:10 PM
Scott Brown says healthcare for everyone:

[youtube=425,350]http://www.youtube.com/watch?v=p8Y2sAdDw98[/youtube]

I want to see the transcript for this prior to commenting.  The clip really doesn't cover enough.
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Offline Karin

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #45 on: January 21, 2010, 03:01:33 PM »
According to the DUmp, with all those houses, Texacon is ineligible to run for public office.  Bobbolink would be perfectly fine. 
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Offline formerlurker

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #46 on: January 21, 2010, 03:10:03 PM »
Quote from: FGL on January 21, 2010, 01:38:10 PM
Scott Brown says healthcare for everyone:

[youtube=425,350]http://www.youtube.com/watch?v=p8Y2sAdDw98[/youtube]

Note that it was posted on youtube with ron paul tags....   that said, watch the entire press conference:

http://www.c-span.org/Watch/Media/2010/01/20/HP/A/28715/SenatorElect+Scott+Brown+Press+Briefing.aspx

His comments on healthcare is let the states figure it out -- sure they can work with the federal government, but the states should do it.    He also is very strongly stated he is there to represent MA and the best interest of MA residents.       

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Offline Traveshamockery

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #47 on: January 21, 2010, 03:49:03 PM »
This comment as part of the Huffington Post thread cracked me up.  It's inth'ane!


Quote
uvymopka 

Barney Frank said "This is inth'ane! This couldn't possibly be happening, can't possibly happen! No one should have anything (except me)!!"
Reply     Favorite     Flag as abusive Posted 12:16 PM on 1/16/2010



 :rotf: :rotf: :rotf: :rotf:
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Offline DumbAss Tanker

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #48 on: January 21, 2010, 03:52:34 PM »
Quote from: Karin on January 21, 2010, 03:01:33 PM
According to the DUmp, with all those houses, Texacon is ineligible to run for public office.  Bobbolink would be perfectly fine. 

Aside from being able to fill out the 'Address' block on the filing documents, anyway!

 :rofl:
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Offline Celtic Rose

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Re: So Scott Brownstain campaigned in an old pickup truck, but owns 5 houses and 12
« Reply #49 on: January 21, 2010, 03:55:12 PM »
Quote from: NHSparky on January 21, 2010, 01:31:44 PM
Don't even bother.  It's "over $100K", which is the only requirement unless the value is over $1M.

I'd venture to guess the house in Rye would go for at least a half-million.  Ones on the ocean can go for upwards of $3-5M.

Hell, new construction right behind me is still going for around $300K.

ETA: The one in Rye isn't a timeshare.

Well that is a stupid way to list a house's value  :loser:
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