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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Auctioned off today in norwalk Posted by JK (the other JK) on October 05, 2006 at 6:02 PM In Reply to: Re: Auctioned off today in norwalk posted by Dave on October 05, 2006 at 3:39 PM : You can make $10k just by leaving your $400k in an fdic insured savings account. : Compared to the time, work and risk to get $30-40k, I'll take an easy $10k and watch tv. : Dave You are not taking into account leverage. Although you should be able to get $20K off the money with a CD over 12 months, it will only be insured up to $100K and you would be using all $400K. The average deal time is around 6 months so can make $80K off the $400K using OPM (Other Peoples Money). My computation was including the costs of the financing. So if you could do 25 Deals with $40k net profit you'd make $1,000,000. Follow Ups: Re: Auctioned off today in norwalk Steve-CA 10:15 PM, 10/05/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : You can make $10k just by leaving your $400k in an fdic insured savings account. : : Compared to the time, work and risk to get $30-40k, I'll take an easy $10k and watch tv. : : Dave : You are not taking into account leverage. Although you should be able to get $20K off the money with a CD over 12 months, it will only be insured up to $100K and you would be using all $400K. The average deal time is around 6 months so can make $80K off the $400K using OPM (Other Peoples Money). My computation was including the costs of the financing. So if you could do 25 Deals with $40k net profit you'd make $1,000,000. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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