NBW

"keeping it real"
  • I'm a:
  • Buyer & Seller
  • Location:
NBW, in Los Angeles
  • 56 Answers
  • 11 First Answers
  • 36 Useful Answers
Flag Report this profile
 
About Me
I am a real estate investor who wants to share my knowledge with you so that you will make educated and informed decisions that will result in wise investments.
My Q&A View all >>
NBW's Questions (1)
NBW's Answers (56)
Miajade, Home Buyer in Brazil

can someone tell me about google?

Asked Thu Sep 11 2008, 04:43 by Miajade  -  All locations  -  In My Neighborhood  -  3 answers
NBW answered:
Try googling it. You'll get all you need! - Thu Sep 11 2008, 07:33
Carl Wahlig,…, Real Estate Pro in Wilmington

Have we hit bottom?

Asked Wed Sep 10 2008, 05:32 by Carl Wahlig,…  -  Wilmington  -  Market Conditions  -  3 answers
NBW answered:
In your area I'd say you're still a year or two from the bottom. Interest rates going lower is a sign that the government is pushing to promote growth. Once interest rates rise again consistently over a period of a year or so, that is the indicator that prices are stabilizing and will begin an upward trend. - Wed Sep 10 2008, 23:29
Joe, Home Buyer in 08830

What could be the effect of F Mae and F Mac takeover by the fed?

Asked Sun Sep 7 2008, 12:32 by Joe  -  08820  -  Market Conditions  -  19 answers
NBW answered:
This is off topic, but to add to Cheng's response, when banks raise their CD's to higher levels than the competition, such as Washington Mutual is doing right now, it is because they need to attract as much cold hard cash as possible. It is a strong indicator that that a bank is in desperate need, which means they are close to going under. WM just fired their CEO as well, which is a bad sign.

The FDIC doesn't have much more money to pay to insured depositors, so they will need to borrow from the treasury most likely. This is a very large problem! - Wed Sep 10 2008, 21:13
Jamie, Home Buyer in Newport Beach

If I am sitting on $2M in cash and want to by a multi-unit in Laguna Beach, is it best to buy it with cash?

Asked Tue Aug 26 2008, 11:15 by Jamie  -  All locations  -  Home Buying  -  3 answers
NBW answered:
You should use leverage, but more importantly, you need to make sure that as an investor you are making money on day one. If your mortgage costs you just under $6000 per month, than both rentals should be bringing you somewhere around $7000 per month. If they aren't, then the property is overvalued. When considering income properties, it is fundamental that you do a cash flow analysis. If you haven't done a detailed analysis yet, then that is first and foremost. When buying rental properties with 4-6+ units, usually many of those numbers will be already calculated for prospective buyers (investors) and will be available to look over. - Wed Sep 10 2008, 20:58
per, Just Looking in San Francisco

Staying on the sidelines the best investment!

Asked Thu Jul 17 2008, 11:48 by per  -  94115  -  Quality of Life  -  39 answers
NBW answered:
No problem per. Thanks for the clarification Luke! - Tue Sep 9 2008, 21:50
2011 is going to be the turn around in my estimation. At this point, it's not about time, it's simply about when prices return to where they were in 97-98.

Me, I think it's a great idea to post per's email address. I'll make sure and email him to find out who you are so that I can contact the real estate firm you work for, as well as NAR to discuss your lack of professionalism. - Tue Sep 9 2008, 19:32
View all NBW's Questions & Answers >>
RSS
What's this?
View NBW's...

Profile

Questions & Answers

NBW is a member of Trulia Voices:

Get the inside scoop on your area and home buying and selling.
Ask and answer questions about real estate.
Build your profile and contact home buyers, sellers and agents.