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The Landlord-Lessee Joint Venture

TheSheep avatar
Beach FanaticLocked
8,542 views
Why not?

The Sheeps own a loverly home in Virgin "Wool" Gorda :floor:but my ram, Ram, gets his horns in a knot when he doesn't get his NFL football fix (St. Louis RAMS, who else!!). We did not wish to invest additional fleece in more US real estate (the young rams have yet to vacate the original Family Sheephouse :pissed:). Ram said, "Let's find an Owner who feels the pangs of today's market and offer our assistance!" Off we headed to the computer and type, type type we typed.

We emailed here, called there, put up a blog (ewe, awful), we went to fine homes, on golf courses (Fore!), on the beach ("Surf's Up!), up in high rises ("burp; yellow sicko"), all about SW FL!

We offered to pay (all, part, some, most, any, a little, nothing, everything) of the Panged Owner's household expenses. :biggrin:

For a share of the equity, of course. :yikes:

"No, no, no that won't dew, the Panged Ones said.
"Butt, butt (Ram talking, of course), we will stay for X years"
"NO NO NO NO!!, a gazillion times NO!"

We were ashocked! It appeared to be a square deal, no one gets fleeced, why shouldn't a Panged Owner-Landlord give us some of his goody-goody equity for the Sheeps long term commitment if we offered to pay (all, part, some, most, any, a little, nothing, everything) of the Panged Owner's household expenses (wrong term let me reclearification this - all expenses = monthly mortgage payment, taxes, HOA, insurances, etc)? :angry:

Just when all was forsooken, Ram got a call from a (GASP!) a Real Realtor. (They weren't too shiny-penny on the idea; no commissions maybe?)

"Mr. Panged Mucho Owner would like to talk to you about your blog and his home!"

So we did. And he did. And we did together. And we got some goody-goody equity and he got some Serious Relief and we are all happy as clams, er, sheep in summer hay.

The End

Questions are now taken, the floor is open. :clap:

Edited

Replies

67
Beach Fanatic
#52
;-) con artist or on a mania-high.... or maybe drunk....


...or full of sheep! ;-:lol:

Edited

Miss Critter avatar
Beach Fanatic
#53
So this is what it feels like to fall through the looking glass. . . :blink:
Beach Fanatic
#54
In our subdivision where Centex has lowered prices of new builds to their pre-boom numbers.

This is a good/bad scenario. It's a closed pricing system with major builders. in high end dvelopments. As demand dictates, prices rise with no real value attached. As prices fall, major builder drops to his pre-boom pricing for new construction. Either way, there is a known up limit and down limit (as long as new homes of the same kind are being built). Knowing the known (knowingly?), we are at pre-boom minimums, if you are looking in our subdivisions, prices are set (within small +/- %). That is, you can buy a "build-to-suit" at or less than existing home sales.

Looks like prices in Naples continue to fall. Closed system?? Don't think so. Full of sheep, not you are?????

http://www.swfl4u.com/CurrentReport.htm
Beach Fanatic
#55
Heaven can wait and it is with this very premise that we see a Long Term Occupant of value.


Most assuredly, it is a private equity club, memberships have sold for as high as $150,000, Mr. Bear is in at the "stated" net cost of zero (allured by the free membership). One could extrapolate applying elmentary (school) algorithms)and say

$830,000
-125,000
=======
$705,000 True Housing Cost

Mr. Bear has assigned his membership rights (part of the Lease Agreement); Ram has learned to putt with his butt! We enjoy the daylight-ending romps, hoof n hoof, along the cart pathways and golf fairways, nibbling at the Champion Turf, dodging the ever present allicroc

YIKES! :yikes:

and prancing in the sand traps and waste areas, as if we were young sheeps, back at Fleece U, aw, those were the Daze (and Confused). :cool:


The Italian Capital of SW FL may I boast! :blink:

Highest priced Centex community posted on the Centex website (http://www.centexhomes.com/Naples/) tops out at less than $700K???? What's that closed system theory again? Ever thought the developer might just start building smaller and cheaper homes next to the bigger more expensive ones that will hurt the value of the other homes.

Edited

TheSheep avatar
Beach FanaticAuthor
#56
Highest priced Centex community posted on the Centex website (http://www.centexhomes.com/Naples/) tops out at less than $700K????
Hardly, Centex has a four model line that exceeds $1M (in 2004-5 sales), up to 3,200 sft; with pricing depndent on the quality of the lot you choose.
What's that closed system theory again? Ever thought the developer might just start building smaller and cheaper homes next to the bigger more expensive ones that will hurt the value of the other homes.
Ever? How about now? I'm looking at two homes recently sold by Centex for $525Kish that are exactly the same, next door on each side, to one bought in March 2006 for $725K. I dast to ask what they has to do with L-L JVs?
TheSheep avatar
Beach FanaticAuthor
#57
Looks like prices in Naples continue to fall. Closed system?? Don't think so. Full of sheep, not you are?????

http://www.swfl4u.com/CurrentReport.htm
Misinterpreatation of "closed, Sir. Closed as in "they manipulate the pricing", it is not so much supply-demand driven. Centex, Pulte, Lennar, KB etc can choose to sell at whatever price point they want. Traditionally, they will follow the S-D curve but they do not have to unless it be-hoofs them, sir. :lol:

In 2005, when sales were soaring, I saw Centex dump a 2,100 sft home, golf course, new, full featured for $510K. why? The flipper walked off his 20% down (+ 10% of the amenities package), it was end of month or some such timing, they wanted to move the house and they did. CTX took 100% financing as well.

Closed = they move to the beat of their own drummer...if they choose.
ClintClint avatar
Beach Fanatic
#58
So that's why Centex stock is down 80% in the last 2 1/2 years---because they choose to. The joint venture you propose is more about the joint someone one needs to smoke to get involved in this scheme. Even Chill Wills was hooping and hollering as he sat backwards riding the atomic bomb down--enjoy the ride while you can because reality is going to s**k.
This is a baaaad, baaaad idea. Terrible marriages are easy to get into but ugggggly to get out of. If it looks like sheep dip, walks like sheep dip, and smells like sheep dip then sheep dip it is----and it's so deep here waders won't help.
TheSheep avatar
Beach FanaticAuthor
#59
So that's why Centex stock is down 80% in the last 2 1/2 years---because they choose to. The joint venture you propose is more about the joint someone one needs to smoke to get involved in this scheme. Even Chill Wills was hooping and hollering as he sat backwards riding the atomic bomb down--enjoy the ride while you can because reality is going to s**k.
Yeah, that's why.

Do you drool? :roll:
Beach Fanatic
#60
Yeah, that's why.

Do you drool? :roll:


?????? :confused::confused::confused:

I'm beginning to think the sheep really does hang around in the pasture with real sheep.

Regardless, me thinks the sheep is about to get sheared.
Beach Fanatic
#61
I'm looking at two homes recently sold by Centex for $525Kish that are exactly the same, next door on each side, to one bought in March 2006 for $725K. I dast to ask what they has to do with L-L JVs?

Because at the beginning of this thread you were saying " we got some goody-goody equity" --doesn't appear to be any goody-goody equity here for the many reasons noted in several posts above. Actually, looks more like baaaady, baaaaaady equity.

Edited

AAbsolute avatar
Banned
#62
I don't understand. How does Sheep get paid in this deal?
TheSheep avatar
Beach FanaticAuthor
#63
I don't understand. How does Sheep get paid in this deal?
TheSheep doesn't. WTS, TheCompleteSheep is assisting clients, potential clients and the Landlord-Lessee community as a whole. Clients are humanoids, many have moved to SW FL and want not to pay rent for a couple of years until Sheep Beach Development Company finishes our entitlement/permitting work. They are pre-sales on SF lots or condos. Email me if you want particulars on the Sheep Beach Development Company, AA.;-)

Edited: There is no reason why one should not discern a commish if one weds two parties to this wunnerful transactional state of realty matrimony!

Edited

TheSheep avatar
Beach FanaticAuthor
#64
Because at the beginning of this thread you were saying " we got some goody-goody equity" --doesn't appear to be any goody-goody equity here for the many reasons noted in several posts above. Actually, looks more like baaaady, baaaaaady equity.
If a Lessor makes a baddy-bad deal on an upside down Landlord equity, nothing can be done about baddy bad investment decisions. With risk there is reward or quicksand. There is an investment decision here for the Lessee to make. Caveat pooper.

In a sitch where the Landlord-Lessee both show positive gain, or not for that matter, turning rent money into (potential) ROI and securing a Lessee with good intentions over a long term, excactly what is so baddy-bad about that may I enqueer?
ClintClint avatar
Beach Fanatic
#65
I smell money laundering!!
TheSheep avatar
Beach FanaticAuthor
#66
I smell money laundering!!
I see Ignorance!!
ClintClint avatar
Beach Fanatic
#67
Knock , Knock
Who's there?
The Feds!!
TheSheep avatar
Beach FanaticAuthor
#68
Mr. ClintClunt, if I were you, I'd spend more time trying to figure out land costs before you dump a bunch of your hard-inherited money into Draper Lake.

*snicker*

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