« prev   random   next »

1
0

Beverly Hillbillies house asking $350 million

By curious2 following x   2017 Aug 8, 8:35pm 879 views   1 comments   watch   sfw   quote     share    


"The home of late Univision chairman Jerrold Perenchio has hit the market for $350 million.

The Sumner Spaulding-designed estate, which is known as "Chartwell," comprises more than 10 acres in Bel Air and dates back to 1933.
***
The home was featured as Jed and Granny Clampett's house on "The Beverly Hillbillies" and Ronald and Nancy Reagan used to live next door.
"

Plan for PatNet joint venture:
1) buy house with 3% down at full asking provided seller pays all closing costs;
2) refinance with a 125% second mortgage;
3) buy $87 million homestead in Florida, which protects homestead in bankruptcy regardless of value;
4) file BK.
Sadly though, the asking price is probably only a teaser to generate a bidding war.

#Housing #Investing

1   Strategist   ignore (1)   2017 Aug 8, 8:49pm   ↑ like (1)   ↓ dislike (0)   quote        

curious2 says

Plan for PatNet joint venture:

1) buy house with 3% down at full asking provided seller pays all closing costs;

2) refinance with a 125% second mortgage;

3) buy $87 million homestead in Florida, which protects homestead in bankruptcy regardless of value;

4) file BK.

Sadly though, the asking price is probably only a teaser to generate a bidding war.

That's OK. A higher price will get me even a higher 125% second.
I just need a teaser rate of 1% with zero down.





The Housing Trap
You're being set up to spend your life paying off a debt you don't need to take on, for a house that costs far more than it should. The conspirators are all around you, smiling to lure you in, carefully choosing their words and watching your reactions as they push your buttons, anxiously waiting for the moment when you sign the papers that will trap you and guarantee their payoff. Don't be just another victim of the housing market. Use this book to defend your freedom and defeat their schemes. You can win the game, but first you have to learn how to play it.
115 pages, $12.50

Kindle version available


about   best comments   contact   one year ago   suggestions