Quote:
Originally Posted by GregWeld
If a guy had a large apartment building and it's well financed and producing a positive cash flow... and suddenly the real estate market goes to hell.... SO WHAT -- he's collecting cash flow every month... what difference does it make if the building is worth slightly less -- or even slightly more from time to time. It's value is only important at the point he decides to sell. If he's not selling - it's not important.  |
Great point Greg, except if you're like me and all that applies except you need a new loan by March and they are basically NOT lending, unless you can prove you don't need the money!! 2-3 times the borrowed amount in net worth is what I'm hearing.
On another note, you still high on NLY? I haven't checked but I heard on the radio yesterday that their yield has gone down around 12 or so?