Make Flipping Great Again

When reality doesn’t gel with your priors, you can either adjust your priors or deny reality. :smile:

Swap your D properties for A properties. Better do it while the bubble is still intact, don’t say I didn’t warn ya.

1 Like

Lead by example. Don’t be like @BAGB. :smile:

1 Like

Sorry, don’t have property in Bayview :wink:

He missed the opportunity and now have no-buy remorse. He came to SFBA earlier and most likely more $ than me then but he wastes his time messing around in Redfin and many RE blogs instead doing some actions.

See @BAGB, you spoke so highly of Manch yet he belittles you like this. What do you have to say about that? :rofl:

@manch is satisfied with the rate of appreciation of his neighborhood. He will not sell nor move.

I spoke highly of Bayview, might have given too much credit to him unintentionally :rofl:

Will need to adjust, it will be what it will be

I didn’t belittle anyone. I hold @BAGB in the same regard as @harriet. :smile:

1 Like

That’s like killing two birds with one stone. Both @BAGB and @harriet victimized… :smile:

2 Likes

I have known Sam for over 20 years. He is a great salesman. He is no builder, but he might be an investor. He has to disclose that on the listing.

Most of the REITs are buy/hold properties, but they also sell to take some profits.

I think you do not know Donald Bren, Irvine Company 16.3B. They buy land/build apartments.

2 Likes

I heard about the Irvine Company but didn’t know much about Mr Bren. He believes in holding property over the long term which also agrees with what I said.

In an interview in 2011, Bren summarized his real estate investment strategy: "What I learned was that when you hold property over the long term, you’re able to create better values and you have something tangible to show for it.

Your statement about buy/hold of real estate does not make billionaires => I showed proof

All REITs are not flippers, but buy/hold and they make millions/billions.

Entire Las Vegas and other casinos/resorts (like macau) are REITs, buy/hold.

Recently Carl Icahn took 10% of CZR, and he is making millions/billions out of it. The stock jumped 46% or more.

Yeah, buy/hold do make billionaires!

We need to get big mortgages, buy big and hold! Bren bought 10k acres in Southern California many years ago, we need to identify what to buy now. Maybe 10k acres in Austin?

Why Austin when you see Plenty of bay area locations, lot of hillside places? All you need is big money, get it from Mark Z !..Some good bank to lend…

Saltworks in RWC delayed for years. Could house 35k people. 650 acres

1 Like

1,478-acre site

Many RE mogul in Singapore become billionaires using above strategy. In Austin, you can do likewise if you want, buy in Taylor :slight_smile: Nearer home and affordable to you (@Jil idea you are not able to afford),

1 Like

OK, how much will this house sell for? :thinking:

https://www.redfin.com/CA/San-Francisco/1451-Oakdale-Ave-94124/home/1203782