patrick.net

robertoaribas says

since 9 of my homes are free and clear, not sure how even someone as
dimwitted as you thinks I'll be forced to liquidate!

Now why if you believe what you say you believe would you own 9 rentals free and clear? You wouldn't you would cash out refi and buy more rentals. With that statement you prove that you are full of shit.

robertoaribas says

since 9 of my homes are free and clear, not sure how even someone as
dimwitted as you thinks I'll be forced to liquidate!

Link them!

robertoaribas says

If you weren't a complet dumbass, you'd know that cash-out refi of investment
properties, past 4 is impossible. Or else, I would... you really like calling
people "full of shit" or "liar" in real life, we know you are a pathetic
coward...

A search of your dumbass on Maricopa County shows since 01/01/2007 you have 8 Trust Deeds with your name on them totaling 999K. You need to do some explaining........

I can link all of the PDF's if you want. Like I said before if there is a downturn you are FUCKED!

You can look it up yourself

http://recorder.maricopa.gov/recdocdata/

Ribas
Robert
Deed of Trust
begin search 01/01/2007

robertoaribas says

a couple of refi's in there, so your off by a bit... Now, be a good boy, look up all the the home values :-)

A couple? 8 is not a couple it is at least a few. 999K holy fuck that is a lot of DEBT!

You guys bashing roberto are jealous of his success. Very juvenile. Would be smarter to learn from him he knows his $hit.

PockyClipsNow says

You guys bashing roberto are jealous of his success. Very juvenile. Would be smarter to learn from him he knows his $hit.

Except for the fact that his FACTS are not FACTS! So you can learn from someone who distorts FACTS if you think that is wise.....

robertoaribas says

a couple of refi's in there, so your off by a bit... Now, be a good boy, look up all the the home values :-)

I see no Release of these deeds of trust which means yup you owe someone else 999K.

Secondly I do not see your name on 14 properties in Maricopa county since 01/01/2007. Now I guess you could own properties from pre 01/01/2007 but that would mean that you are very likely upsidedown on them........

I see the release so 775K.

I do not see your name on 14 properties post 01/01/2007?

yup1 says

I see the release so 775K.

I do not see your name on 14 properties post 01/01/2007?

I already corrected where I was wrong. Why is your name not on 14 properties like you claim?

Wanted to place laughing icon here, didn't work.

Entertaining thread this afternoon...

Yeah noobs think the free data on the internet is correct for deeds and titles. Its way wrong commonly. Such as a 2nd will forclose and it will look like on trulia that the propery sold for 20k when its worth 400k.

I really think yup is actually agngry at the fast rising prices and takes it out on roberto. I mean yup wont admit he was 100% wrong about where prices were headed he says 'dead cat bounce' which is denial - the market in AZ is so hot it can only keep going up. Same in coastal cali.

robertoaribas says

your stalking of me is very close to a line where I'm going to start sending
your info to the police. You've given me enough veiled threats on here, like
"somebody could come rob you..." etc as well.

I have never and will never threaten you, end of story. Why do you always go to some legal recourse threatening to sue me before and now threatening to send my info to the police? I would never touch you or threaten you.

You are on here bragging about the 14 soon to be 15 properties that you own. I am just wondering why I can't find them on the Maricopa recorder office?

PockyClipsNow says

Yeah noobs think the free data on the internet is correct for deeds and
titles. Its way wrong commonly. Such as a 2nd will forclose and it will look
like on trulia that the propery sold for 20k when its worth 400k.

I found 7 properties with his name on them so I guess some of the data is good.

PockyClipsNow says

I really think yup is actually agngry at the fast rising prices and takes it out
on roberto. I mean yup wont admit he was 100% wrong about where prices were
headed he says 'dead cat bounce' which is denial

Dead cat bounce is my opinion. I might be right.

robertoaribas says

So there is 1.6 million. Hell, we'll put it at 1.4 million to be even safer.

Then there's my 401k...
my state retirement, which will pay me $6000 a
month starting in 4 years...
stocks.
Mortgage I hold on a friends post
foreclosure purchase....
etc.

Why don't you retire already? 16 income properties, 6k/month pension, 401k as backup, social security in a few years, WTF are you working for?

Sequester if left unchanged which is likely is going to hurt the economy pretty bad. Pentagon has already announced 46k in layoffs, and a 10% drop in pay for contractors.........Home prices could drop pretty quick.

robertoaribas says

underwaterman says

Did I miss your class on how to claim your a real estate expert by buying in a bubble?

Nope, since you bought in 2004, 2005 in california, you must have been to somebody's class on how to buy at the wrong time in a bubble! just like your silver "experts"!!!

Not to mention 2006.

underwaterman says

robertoaribas says

underwaterman says

Did I miss your class on how to claim your a real estate expert by buying in a bubble?

Nope, since you bought in 2004, 2005 in california, you must have been to somebody's class on how to buy at the wrong time in a bubble! just like your silver "experts"!!!

Silly me. Following those billionaires and silver gurus like Eric Sprott, David Einhorn, Marc Faber, James Turk, James Rickards, Mike Mahoney, David Morgan, and the other 83 experts. I should have been following professor dumbass and his ignorant opinions.

Well, you wouldn't have completely screwed yourself over your real estate purchases for starters if you had done just that.

I sense much anger in this one.

Underwaterman, you aren't scoring any points. This is a real estate blog and Roberto has proven he has his proverbial head on straight when it comes to sound real estate investing. You may disagree with him on any number of levels, but when it comes in investing in real estate, he has kicked your arse around the block, along with many others on here.

You'd do well to keep your mind a bit more open when he speaks, but it's your choice.

underwaterman says

I hope you bought in 2012 like he did

Damn straight... Here's mine, plus a 10th (3br home) that I bought pre-bubble in 2001. Note, I focused mainly on 1 or 3br condos in a very specific areas and in very specific complexes. All bought in cash and I really don't care how low they go as long as they keep renting, which they will in the areas I targeted.

I also appealed my property taxes on all of them immediately after I bought them so am paying less than half of what most everyone around me is.

underwaterman says

robertoaribas says

what was the ROI on that out of curiosity?

A profit I converted to metals ahead of the idiot herd.

You made a profit selling a house in early 2012 that you bought in 2006? Good for you, but as you constantly attack the investments that Roberto actually demonstrates he has made, why don't you prove the truth of that statement?

underwaterman says

Bigsby says

You made a profit selling a house in early 2012 that you bought in 2006? Good for you,

Your about 2 months behind there bug boy. Try and keep up.

I notice you didn't include the rest of the sentence. 2 months behind what by the way? Are you saying you posted the details of your home purchases 2 months ago? Post up the link. And no, I don't just mean the years and the states.

underwaterman says

Bigsby says

Good for you,

Why don't you prove yourself there bug boy, that you provide any value in these forums at all instead of playing mommy to miss roberta.

And your contribution is what exactly? Presumably insulting every single person who disagrees with your hook, line and sinker take on gold and silver (what happened to that code of practice you pushed for when you first joined? Seemingly it only applies to others).
There are no guarantees with those two commodities and should be treated as such. Fine, make them part of your portfolio, but a small part. Didn't you say before that you went all in with your supposed housing profits? That strikes me as a rather strange approach for someone who claims they intend to retire in 3 years.
From what you're doing with PMs, I take it that between 2003 and 2006 you were spending all your time on RE bull websites nodding your head in total agreement with the line that they were peddling. How did that work out for you? You appear to consume but are incapable of digesting.

yup1 says

robertoaribas says

So there is 1.6 million. Hell, we'll put it at 1.4 million to be even safer.

Then there's my 401k...
my state retirement, which will pay me $6000 a

month starting in 4 years...
stocks.
Mortgage I hold on a friends post

foreclosure purchase....
etc.

Why don't you retire already? 16 income properties, 6k/month pension, 401k as backup, social security in a few years, WTF are you working for?

Everyone on the internet has a huge dick.

underwaterman says

Yes, what fine investment and intelligent analysis that is. Why are you here? You don't seem to have any intelligent comments at all on anything?

I'm not trying to offer analysis of them. You seem to think you are, but you are singularly failing to do so. All you are doing is repeating the points you've read on your favourite frothing at the the mouth gold and silver bull websites, websites that have obviously parted you from any semblance of common sense because all you ever blather on about is the one way course of gold and silver ($10,000, $20,000...!!!!).
You are simply a rude and failed investor venting himself on here, presumably because of your lack of anything meaningful or positive elsewhere in your life. Why not just try and act like an adult for a change and pack away your constantly repeated arguments and 'mental midget' insults. You are a tedious little individual and no mistake.

underwaterman says

Still follow my code. Civil discourse can't happen with narcissistic personality disorders and apparently psychotic stalking little mental midgets such as yourself. I now see why Patrick had to develop the ignore button for creepy little bugs such as yourself and your 11 ignores.

You really are an unpleasant little man. You have no interest in civil discourse at all. You insult at any opportunity you get with or without provocation. You also appear to have an incredibly inflated sense of your own self-importance and intelligence. Both sadly misplaced.

underwaterman says

Bigsby says

2 months behind what by the way?

Your like the little engine that couldn't. You are 2 months behind on attack my investment theme from the midget clown circus. Want to explanations go back and read my posts little bug. Ever plan on making a non-attack comment this century bug boy?

Now crawl back into your hole for 2 months until you can think of another way to attack me and I can continue this game of wack-a-mole.

I'm not 2 months behind anything. You've simply never answered the questions. You just continue with your constant attacks at Roberto's investments whilst completely glossing over/lying about your own. But hey, keep bullshitting. You are clearly practiced at it.