David Saks' Blog

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David Saks is a musician, retired real estate broker, and long-time ActiveRain member. David's blog features important information relevant to the safety, integrity and security of the industry. In addition to his widely read real estate fraud blog, a comprehensive overview of real estate continuing education is a weekly addition for his subscribers and the ActiveRain community at-large. Thank you for subscribing to and for visiting David's ActiveRain home on the internet. Please join. Membership in ActiveRain will enrich your life !
If a buyer purchased an apartment building for $400,000 and the total amount of the rents received amounted to $60,000 annually, and his annual expenses were $20,000, what is the rate of return his investment will pay ? Take your time. The solution is posted below the wildlife photo. A. 10% 6000...
What would be the annual rate of interest on a $42,000 loan if the quarterly interest payments are $577.50 per quarter ? Take your time. The solution is posted below the wildlife photo. A. 5.5% 577.5 quarterly interesttimes4 quarters=2310 total interest per yeardivided by42000 loan amount=0.055 ...
    An owner owns a building that gives him a gross income of $3,250 per month.His average monthly expenses are $1550 per month.Would would be the owners net income per year on the property considering these variables ? Please take your time. The solution is posted below the wildlife photo.   A. ...
Nebraska Sovereign Citizen Sentenced for Obstructing Internal Revenue Service and Filing False Property Liens Against Federal Officials U.S. Department of Justice February 20, 2015 Office of Public Affairs (202) 514-2007/TDD (202) 514-1888 WASHINGTON—A La Vista, Nebraska, woman was sentenced tod...
Former Title Company Owner Heads to Prison in Bank Fraud Conspiracy U.S. Attorney’s Office February 18, 2015 Southern District of Texas (713) 567-9000 HOUSTON—Harris County resident Kirk Smith has been ordered to prison following his conviction for defrauding seven different Houston-area banks o...
      Mortgage Fraud Blog sendme an update email once per week.   The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Rachel Dollar is a California attorney who represents lenders in mortgage related litigati...
A lot 65 feet wide and 150 feet deep sold for $76,700. What was the price of the lot per front foot ? Take your time. The solution is below the wildlife photo. A. $1180 per front foot This is really pretty simple and shouldn't consume too much of your time. And you won't have to stretch your nec...
The commission rate has been established for selling an apartment house and was set at five percent of the first 150 thousand dollars, and three percent of the next 200 thousand dollars. The commission rate on the balance was 1.5 percent. The broker received a commission payment of $17100. What ...
  A broker sold a lot 125 feet wide by 160 feet deep for $1.70 per square foot. The buyer paved the lot at a cost of $22.50 per front foot. What is the total amount that the buyer would have to ask for the property if he wants to make a profit of $2950 ? Please take your time. The solution is pos...
An apartment building has a gross income of $11,340 per month and annual expenses of $25,000.What is the price a buyer would pay for the building to receive a net return of 8% on his investment ?Please take your time. The solution is posted below the wildlife photo. A. $1,388,500 First multiply ...

David Saks

Broker / Industry Analyst
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