January 23, 2009
New Construction From 1955
Condo for rent in Thailand
100 Abandoned Houses by Kevin Bauman. (From Rivets)
New Construction From 1955. This awesome 50's bungalow, located on a quiet, cul-de-sac street on the Hill, has seriously never been lived in... at least on the main level
Cave House for sale in Bisbee, Arizona. Asking Price: $1,950,000. (From J-Walk)
From the NYT: Living in a place with a naughty name
Un-related: Big Red Ball of Yarn outside my office this morning
A Huge Depository of Unusual Real Estate Stories Here
January 23, 2009 in Real estate | Permalink | Comments (8) | TrackBack
January 10, 2009
There's a real estate boom in Gaza right now…
The story of the two-bedroom, one-bath shack on West Hopi Street, is the story of this year's financial panic, told in 576 square feet. It helps explain how a series of bad decisions can add up to the worst financial crisis since the Great Depression. The Mortgage Crisis, Explained
A Huge Depository of Unusual Real Estate Stories Here
January 10, 2009 in Real estate | Permalink | Comments (7) | TrackBack
November 18, 2008
Foreclosures Galore
Another sign of the times: Casino Riverboat For Sale
A Huge Depository of Unusual Real Estate Stories Here
November 18, 2008 in Real estate | Permalink | Comments (4) | TrackBack
November 12, 2008
Der Untergang
Parody clip above from Wreck and Salvage
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MLS#S549545 - FANTASTIC OPPORTUNITY! AN ENTERTAINERS' DREAM! One-of-a-kind historic landmark property featuring unique styling, world-class location and mind-blowing ultra-panoramic 360-degree ocean, harbor & city lights views! Commercial-grade elevator brings occupants to the common levels, soaring well above height restrictions limiting other homes in the area. Spectacular top-level observation deck/great room features automatic blinds, unobstructed panoramic views in every direction, indoor fire pit, wet bar & built-in fish tank!
Price: $4,500,000. 1 Anderson Street Seal Beach, CA 90740. (Thank you, Robert)
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Finally, affordable "near loft" like Artist Housing, right here in the Bay Area, now! At Dystopic Horizons Realty
'Good Samaritan' saves crying woman's foreclosed home
A Huge Depository of Unusual Real Estate Stories Here
November 12, 2008 in Real estate | Permalink | Comments (3) | TrackBack
October 26, 2008
Zen and the art of foreclosure
The South Bay's reigning King of Foreclosures runs around barefoot, doesn't own a cellphone and drives an 8-year-old Toyota Tundra pickup.
And without looking the part, Leo Nordine, an affable Hermosa Beach-based real estate broker, expects to average one escrow closing a day this year -- something that would make most agents salivate.
Nordine, a 45-year-old native son and surfer didn't just catch the current foreclosure tidal wave, he has sold 3,500 bank-owned homes during the last two decades. He credits his uncanny ability to time the real estate market's cycles and position himself to reap its rewards as the key to his extraordinary success. And he does it all from the comfort of his home overlooking the Strand in Hermosa Beach.
Little about Nordine's road to riches is typical. He is a case study in how an intense young man without a formal education can be propelled by his drive and work ethic to the height of success - even when he doesn't live and breathe his job.
What's important to me," Nordine says, "is family, surfing and work -- in that order."
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Surfer Leo Nordine is L.A.'s "king of foreclosures"
A Huge Depository of Unusual Real Estate Stories Here
October 26, 2008 in Real estate | Permalink | Comments (3) | TrackBack
October 14, 2008
For sale by owner
Keepin' It Realtor, devoted to championing and promoting excellence in all forms of real estate advertising and design. (From Copyranter)
Before and After shots of some Inland Empire housing disasters
For sale by owner in Hawaii
A Huge Depository of Unusual Real Estate Stories Here
October 14, 2008 in Real estate | Permalink | Comments (0) | TrackBack
June 23, 2008
40-Unit Apartment Building for sale in The High Desert
In spite of the downturn in the real estate market, I’ve decided to sell a 40-unit building that I own in Adelanto, California. I have priced this property at $3,390,000 for a quick sale.
Like the 2 other buildings that I posted here before (One of which sold and closed), I do not necessarily expect some Grow-a-brain reader to be the ultimate investor of this local Inland Empire building, but I'd like to offer a deal similar to the ones I did before to the many real estate bloggers (and other webmasters) who read this site: If you’re able to generate a buyer for this property, I will pay you $10,000 referral fee, at close of escrow. So please spread the word among your prospects. (And call me to receive a written, protected arrangement if you have an actual candidate looking to take advantage of today's ideal market conditions).
Here are some details regarding the subject:
The Hyde Park Apartments on 18400 Montezuma Ave, Adelanto, 92301.
Price: $3,390,000
Down payment: $ 847,500 (25%)
New financing of $2,542,500 at 10 years fixed, possibly at 6.6% interest, $13,983 per month
Gross Scheduled Rental Income: $26,600/monthly $321,600 Annually
Allowance for Vacancies & Credit Losses (3%) $ 9,648
Gross Scheduled Income $311,952
Operating Expense allowance (27%) $86,328
Net Operating Income Estimates $225,853
Current rents are 16 1/1 bedrooms @ $ 595/mo. = $ 9,520/mnth
24 2/1 bedrooms @ $ 695/mo. = $16,680/mnth
Laundry Income/mo. $ 600
Total Rents $26,800/mo. $321,600/yr.
GROSS RENT MULTIPLIER on actual rents: 10.54 Gross
CAP RATE on actual income & expense: 6.66%
This beautiful property consists of a 40-Unit Apartment project, with a good mix of 24 X 2-Bedroom /1 Bath and 16 X 1-Bedroom/1 Bath units, on a spacious 4.08 acre lot. Security gated 1-story frame and stucco construction throughout. The buildings all have pitched, shingle roofing. The project has 2 Laundry facilities, and 40 car ports, plus more parking. It was built in 1984. It is well cared-for by two trained, professional on-site managers who are dedicated to the tenants’ well-being, as well as the owner’s profitability. It’s been a good property to own, and it may continue to pay out to the next owner.
Adelanto is a small, desert city in San Bernardino County, California about 9 miles northwest of Victorville. It had been experiencing tremendous building boom in the last few years, which is expected to keep growing. A few months ago, there was a story in the LA-Times, about an unusual, new Buddhist Meditation Center that is being built now outside Adelanto, in the middle of the desert. It is being built less than 2 miles north of the apartment building, right north on the I-395.
Please share this information with your qualified prospects. Email me at realhanan (at) yahoo (dot) com, or call me on my cell for more details.
See you in escrow.
For other properties listed by my company, Census Realty See here
June 23, 2008 in Real estate, Riverside & Corona - California | Permalink | Comments (24) | TrackBack
June 14, 2008
Foreclosure Bus Tours
A little over two years ago, when Donald Trump listed Maison de L'Amitié in Palm Beach, Fla., for $125 million, it was a sign of the times. Real estate prices were on the rise, and even though it was $50 million more than the next-highest listing, there was a sense that Trump would get his price. After all, everyone else in America was getting his.
Once again, Maison de L'Amitié points to the state of the housing market. In March, Trump knocked $25 million off the price, the biggest discount ever for a single residence not related to bankruptcy proceedings. But that hasn't pulled other sellers off the $100 million-plus ledge. America's Most Expensive Homes
On the other side of the scale: Welcome to Foreclosure Bus Tours
Chart of Pompous Prognosticators: Quotes from 1929
A Huge Depository of Unusual Real Estate Stories Here
June 14, 2008 in Real estate | Permalink | Comments (5) | TrackBack
May 01, 2008
What $2 Billion Buys In Homes Worldwide
Like many families with the means to do so, the Ambanis wanted to build a custom home. They consulted with architecture firms Perkins + Will and Hirsch Bedner Associates, the designers behind the Mandarin Oriental, based in Dallas and Los Angeles, respectively. Plans were then drawn up for what will be the world's largest and most expensive home: a 27-story skyscraper in downtown Mumbai with a cost nearing $2 billion. The architects and designers are creating as they go, altering floor plans, design elements and concepts as the building is constructed
Inside The World's First Billion-Dollar Home
Unrelated: Sounds that fish make
A Huge Depository of Unusual Real Estate Stories Here
May 1, 2008 in Real estate | Permalink | Comments (4) | TrackBack
April 11, 2008
Denver Foreclosures
Lenders foreclosed on about 7,700 homes in Denver last year; officials expect 11,000 this year, mirroring a national increase. Among the neighborhoods hardest hit was this corner of the Green Valley Ranch subdivision. The map shows foreclosures since late 2006. One Hard Hit Neighborhood At A Glance
Père Lachaise Cemetery from the air
Wolfgangs settlement, Landshut and other aerial photographs by Klaus Leidorf
Upside-Down House in Poland, one of 13 Crazy Houses
Unrelated: World’s biggest lobster
(Photo above from Richard and Jo's Australian Big Things)
A Huge Depository of Unusual Real Estate Stories Here
April 11, 2008 in Real estate | Permalink | Comments (9) | TrackBack
April 01, 2008
Map of Misery
The Subprime Primer, a 45-slide presentation
From the densely populated regions appear, the skyscrapers of the city behind you! In this 2008 show GEO-Kalender GEO-Fotografen houses in great nature, the dream of living and freedom symbolizing. Houses with a View
Re-post: Monopoly is a game of luck, strategy, and people skills. No strategy will guarantee you a win; that's one of the reasons Monopoly is so interesting. In any given game, a newcomer can beat a lifetime champion. Still, there are a few strategic tips that came out of the computer simulations that will help you best play the odds: you may not win any given game, but in the long run, you'll come out ahead. How to Win at Monopoly - a Surefire Strategy
Un-related: Large Hadron Collider (LHC) - We’re all going to die
A Huge Depository of Unusual Real Estate Stories Here
April 1, 2008 in Real estate | Permalink | Comments (4) | TrackBack
February 28, 2008
Advice for real estate agents
Seth Godin’s best advice to real estate agents: Plan A - Quit being an agent. Get a job doing something else.
The Real Estate Business Is Content, Not Home Selling
Connect Realty, a new real estate / multi-level marketing company
Say you're a real estate investor. Say an airport in the New York region is expanding to become a major hub. What would you do? What would you buy?
A Huge Depository of Unusual Real Estate Stories Here
February 28, 2008 in Real estate | Permalink | Comments (5) | TrackBack
February 18, 2008
Closet space
"And wait till you see all the closet space!": An estate agent who took a prospective buyer to view a house in central England found the owner hanging dead in a closet
Sign on the First American Title Company building
Dignity Village, a shanty town in Portland, OR was founded by 8 homeless people. Since then, its 60 or so residents have created their own self-regulating mini-city with help from the surrounding community. (From Deputy Dog)
What $1 Million Buys In Homes Across The U.S.
A Huge Depository of Unusual Real Estate Stories Here
February 18, 2008 in Real estate | Permalink | Comments (0) | TrackBack
February 10, 2008
A series of serious questions to the real estate brokers (and agents) who read this blog
Now that the real estate market had slowed into a dramatic slump - some may say ‘bust’ - how do you cope?
Where is your current business coming from?
What do you do differently?
How do you deal with your lender's new policies?
Have you been actually closing foreclosures & short sales? - How many?
How do you find them?
Where do you see the market in the next 12 months… 24 months?
How will you survive?
Where do you find hope?
Please share -
A Huge Depository of Unusual Real Estate Stories Here
February 10, 2008 in Real estate | Permalink | Comments (38) | TrackBack
February 06, 2008
House of Bling
What a Llosa! Top 3 Cheesiest Realtor Business Cards
The 8 houses of bling
Sarina McDonald, "The Real Estate Diva", stars in a reality show called “Wife Swap”
Foxtons Realtors® list over 10,000 homes for sale each year across New Jersey and New York. These are but a few.... This Week On Foxton Realtors®: Television Sets
Confessions of a Mortgage Broker
(Pix above from John's Blog)
A Huge Depository of Unusual Real Estate Stories Here
February 6, 2008 in Real estate | Permalink | Comments (0) | TrackBack