Is Number 4 A Bad Feng Shui Number?


#82

The address is 4848W and the zip code is 84084.
Seriously!

You misunderstood. They did NOT warn me. Unfortunately.


#83

Oh, that is not goodā€¦

Wanna sell the first one??? :grinning:


#84

I do have 4 SFRs in Salt Lake City areaā€¦ all in zip codes 84128 and 84084. I may actually sell them soon in a 1031 exchange.

The entire state of Utah has zip codes starting with 84. If that is any indicator.


#85

Speaking of 1031 exchange, have you ever done one first of all and if so have you ever done a reverse exchange? I donā€™t know why I didnā€™t think of this sooner (nor why any of my advisers didnā€™t come up with it) but why canā€™t I just tap my equity from my properties and use that fund to buy my replacement property first and then sell the exchange property after?


#86

Yes, Bezos knows whatā€™s up with the magic 8 numbersā€¦


#87

I was about to do my first one ~May 2017. I identified an owner who according to a source has been contemplating to sell for 4-5 years. Several people have made offers during these years. My offer was 15% higher than the most recent offer that he received (according to the source). I also threw in some other benefits for him. The numbers got him to listen.

My purchase wouldā€™ve been contingent on the sale of 5 (five) single family homes (1 in CA, 4 in UT). Both markets have average DOM ~20 days. He did not mind that. Just as I was about to give notice to my tenants, he decided not to sellā€¦ yet.

I think it would have been a regular 1031 exchange. Sell the 5 rentals and buy a new one afterwards.

I like his property and will up the offer by $200k in January. Maybe heā€™s reading this, LOL


#88

But in this overheated market, tough to pull off a conventional exchange as I am finding out. I already ā€œlost outā€ on a home my wife liked. I am investigating and will ask my IRS buddy to check it out for me, but why canā€™t I just take 1M or so equity from my Sunset home, use that to buy my replacement property first, use a Qualified Intermediary to hold title to it temporarily in a single person LLC and then take my sweet time (up to 180 days) to sell my exchange property? I think it will work.


#89

I agree. And look at my proposalā€¦ selling 4 SFRs out of state! That will never work with anything thatā€™s listed on the MLS or loopnet.

The exchange companies have people giving advice. Not all answer the phone or responded to my voice mails though, I found.


#90

Really? I managed to speak to someone whom several agents mentioned as The Man (at least locally) when it comes to exchanges and yes we played phone tag a bit but we finally talked about my situation. If I can figure out who that was again since I want to ask now about my reverse exchange funding idea, I will forward the contact info if you want it.


#91

#92

I had to fight off endless lookers to get a home on a T. One can eliminate T-s, 4s wanting 8s and find there are no home within reach of oneā€™s little heart.
Those shacks off I-280, Bird Ave in SJC were mostly next to condemned buildings. Homeless etc. Now people ask why I did not let them know earlier as Google will build its campus near.


#93

I agree, so little inventory that even I want to still look at a home with a 24 addressā€¦ One can always hire a feng shui expert and buddhist monk to come out and exorcise any demons. Peace of mind is pricelessā€¦


#94

Donā€™t bother. Just welcome those demons into your world with open armsā€¦ :rofl:


#95

Maybe the real reason is that the address number sucks???

http://www.sfexaminer.com/sf-pulls-plug-costly-soma-lease-homeless-department-offices/


#96

Yes, may the lucky Chinese pricing strategy rescue you in your hour of needā€¦


#97

House #14 is having a price cut. Itā€™s a good looking house.


#98

What does the number 11 mean?


#99

I wonder if you can feel and hear the K streetcar that goes up Ocean Ave from there.


#100

11/11 is Alibabaā€™s made-up ā€œSingles Dayā€ holiday.


#101

May or may not be Asian but pended neverthelessā€¦