Re: The Query From Hell
From: Shakespeare <whatsin_at_xs4all.nl>
Date: Wed, 11 Feb 2009 21:45:49 +0100
Message-ID: <499338fd$0$187$e4fe514c_at_news.xs4all.nl>
joel garry schreef:
> On Feb 11, 7:57 am, Shakespeare <what..._at_xs4all.nl> wrote:
>
> $250K buys distressed socal rental real estate. $50K down, rent &
> depreciation tax advantages cover costs. Wait 5 years, sell $375K.
> After taxes with deprecation recapture, $50K net+your $50K back.
> Fairly conservative estimates, risk is in management costs (and of
> course, total macroeconomic meltdown). If it doesn't hit $375K, just
> keep raising the rent for positive cash flow until it does. When
> money is loose and values rise fast (well, won't see that again for a
> while), refinance to get the $50K out first - calculate the % return
> when you sell after that!
>
> The "geniuses" charge big bucks to tell people that, and sell them the
> tax-deferral info (called 1031 exchange in the US, combine with owner-
> occupancy to avoid taxes on sale). The "scammers" charge big bucks to
> tell people they don't need the $50K.
>
> Now send me money.
>
> jg
> --
> _at_home.com is bogus.
> http://books.slashdot.org/article.pl?no_d2=1&sid=09/02/11/1355243
Date: Wed, 11 Feb 2009 21:45:49 +0100
Message-ID: <499338fd$0$187$e4fe514c_at_news.xs4all.nl>
joel garry schreef:
> On Feb 11, 7:57 am, Shakespeare <what..._at_xs4all.nl> wrote:
>> Mladen Gogala schreef: >> >> >> >> >> >>> On Tue, 10 Feb 2009 17:55:58 +0100, Shakespeare wrote: >>>> Yes, there are several posts in this group from different posters >>>> (although I believe one poster uses several synonyms) with 'zacks.com' >>>> in the code. One statement worse than the other... >>>> Shakespeare >>> I went to URL in the code and inspected a bit. It's brilliant: >>> "Make It All BackZacks Announces Plan to Double Your Money >>> Zacks.com chief Steve Reitmeister has prepared our answer to the >>> recession. It's a potent plan to Make It All Back. Details >>> will only be confided to those who get on a private list, which closes >>> Feb. 14." >>> Double, no less! How didn't the others think of that? That Steve >>> Reitmeister must be a sheer genius! The details will, of course, cost >>> money and list closes on St. Valentine's Day! There must be a queue >>> forming right now! I was once taken aback when a used car salesman used >>> the phrase "trust me". This guy looks even less trustworthy then the guy >>> who tried to sell me 7 years old Ford Escort for $8k. >> If I knew a way to double my money, I would use it myself, so I would >> not have to hire crappy programmers and dudes who call themselves >> "Senior DBA" to help me earn my money.... >> >> Shakespeare
>
> $250K buys distressed socal rental real estate. $50K down, rent &
> depreciation tax advantages cover costs. Wait 5 years, sell $375K.
> After taxes with deprecation recapture, $50K net+your $50K back.
> Fairly conservative estimates, risk is in management costs (and of
> course, total macroeconomic meltdown). If it doesn't hit $375K, just
> keep raising the rent for positive cash flow until it does. When
> money is loose and values rise fast (well, won't see that again for a
> while), refinance to get the $50K out first - calculate the % return
> when you sell after that!
>
> The "geniuses" charge big bucks to tell people that, and sell them the
> tax-deferral info (called 1031 exchange in the US, combine with owner-
> occupancy to avoid taxes on sale). The "scammers" charge big bucks to
> tell people they don't need the $50K.
>
> Now send me money.
>
> jg
> --
> _at_home.com is bogus.
> http://books.slashdot.org/article.pl?no_d2=1&sid=09/02/11/1355243
> Now send me money??
Why? Go buy a house and wait!
Shakespeare Received on Wed Feb 11 2009 - 14:45:49 CST