Former Goldman Sachs executive Donald Mullen, one of the architects of the subprime mortgage trade, is trying to raise at least $500 million for a fund that will buy foreclosed homes with an eye toward renting them out. Mullen, who until January was head of the credit and mortgage business inside Goldman’s securities division, began marketing his Fundamental REO Access fund in earnest about a month ago, said seven people familiar with the matter, but who did not want to be identified because they do not work for the upstart fund…The new fund is part of a growing move by former Wall Street traders, hedge funds and private equity shops to profit from acquiring foreclosed homes and turning them into rental properties for their steady stream of cash. Two sources familiar with the foreclosed home market said Mullen has told people the fund could raise as much as $1 billion. [Reuters, related]
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Just got an email from Compliance telling me that any more online shopping during market hours will result in suspension of my internet privileges, subject line "Re: Bonobos Website Visited 19 Times Today"
If only the London Delta One desk had visited Deal Breaker more often.
And when your tenants decide to totally trash the place and skip out in the middle of the night we will test the just how "steady" those monthly cash flow are.
I think these guys starting 9-10 figure funds to buy and rent homes haven't seen a residential neighborhood outside of old greenwich in the past 20 years. note: the housing inventory in stockton, las vegas and other places where buy-rent-and-hold works are a little different.
Bess, thank you for killing it today so I have something to do while I'm hungover and ignoring work.
Dude, stop being such a hater, we went to Cos Cob and Riverside. We also sent one of the junior analysts to Glenville but we still haven't heard back from him and it's a Verizon black hole over there so we're just gonna go ahead anyway.
i bet you even looked at google maps to get a good feel of the neighborhood
I'm suing Bonobos for false advertizing. The pants are unzipped in all the pictures and that never happens while I'm wearing them.
What is it about good sex that makes me have to crap? I guess it's all that pumpin'. Pump and dump.
Huh, I live in Riverside, I've never really seen what it's like on the other side of the Post Road, but water side, land side, same diff, no diff, right?
Buffett has said every idea has the innovators, the imitators and idiots. What stage are we at in the "Step 1: buy shitloads of house we've never seen Step 2: ??? Step 3: Profit!" era?
still waiting for a solid REO Speedwagon joke..
-guy who loved the 80's
You clearly live off of Riversville road.
-Guy who also lives off Riversville road
3/2s with views of fetid swamp wasteland in Ocala, FL are the NKI
Donald Mullen is what the subprime is in trouble!
GS's Donald Mullen, after using $12 Billion in TARP money to bet against the housing market and profit from it, is now attempting to purchase foreclosed homes and rent them out expecting $1 Billion return on a $500 million investment. It just keeps getting better for those fat cats.
It's not a bad idea. Most people will drastically fail in the REO rental program however do to operational challenges. Our firm operates in this space and we are already starting to see some of our competitors feel the burn of all the challenges that lie ahead. The biggest problem is the operators hired in this space have experience that can get them close to solid execution however they do not have all the necessary experience. Watch out for dumping too much money on any one local or regional operator. My final word of advice is hiring a residential property manager firm. I am sick of multi-family guys jumping into this or allowing the operators to "start" an in-house property management company. This isn't a commercial REIT. This is housing, its difficult, that is why the yield is here, hard work kids.
Wow, Thank you just for this blog. Thats all I can say. You most definitely have made this blog into a thing thats vision opening as well as important. You plainly know much about the subject, youve covered countless bases. Great stuff from this the main internet. Again, thank you just for this blog.
Numerous thanks for being the mentor on this niche. We enjoyed the post greatly and most of all appreciated how you truly handled the issues I regarded as being controversial. You are always really kind towards readers truly like me and assist me to in my life. Thank you. Palm Beach Gardens
I visited a lot of website but I believe this one holds something extra in it in it
Some times its a pain in the ass to read what website owners wrote but this site is real user pleasant! .
I gotta favorite this website it seems very useful very helpful
Hello there. I necessary to inquire some thing…is this a wordpress internet site as we are thinking about transferring across to WP. Moreover did you make this theme all by yourself? Cheers.
Some really superb information, Sword lily I noticed this.
Hi there! I was curious to know if setting up a web site such your own: http://dealbreaker.com/2012/07/former-goldman-sachs-partner-donald-mullen-wants-to-unclog-your-sink/ is difficult to do for inexperienced people? I’ve been hoping to create my own blog for a while now but have been turned off because I’ve always believed it required tons of work. What do you think? Thank you
hzfGZh Major thankies for the blog.Really looking forward to read more. Cool.
You got a quite outstanding web site, Glad I noticed it by means of yahoo.
Hiya! My spouse and I frequently publish guest posts for other weblog owners to help gain exposure to our work, as well as provide excellent articles to weblog owners. It really is a win win situation! If you happen to be interested feel free to e-mail me at: Grunst@gekk.edu so we can talk further. Thanks!
Life’s road is full of bumps and curves. Know your rights when you hit a rough spot
Thank you for your extremely very good details and feedback from you. car dealers in san jose
So selfish. I hate when posters make such distasteful remarks.
I’ve been checking out a couple of of your stories and i need to say nice stuff. I will surely bookmark your web site
F*ckin’ amazing things here. I’m very glad to see your article. Thank you so much and i’m having a look forward to touch you. Will you kindly drop me a e-mail?
I comparable this blog its a master tranquility ! Cheerful I open this by google. “Irrationally held truths may ensue added harmful than reasoned errors.” by Thomas Huxley.
Really clean website , appreciate it for this post.
I think this website has got very excellent composed content material content.
Some truly nice and utilitarian data on this web web site , likewise I think the design and style holds wonderful functions.
Khmer Karaoke Megastars I was suggested this web page by my own cousin. I’m uncertain whether this kind of post is compiled by him as nobody in addition know such detailed with regards to my issues. You are generally wonderful! Thanks! your write-up about Khmer Karaoke Stars Regards Agata Lawrence
I’ve been meditating on the identical thing myself lately. Happy to see an individual on the same wavelength! Nice article.
Magnificent web site. A lot of helpful information here. I’m sending it to some buddies ans additionally sharing in delicious. And naturally, thank you in your sweat!
I am thankful that I observed this weblog, just the right info that I was looking for! .
Thanks for helping out, great info. “I have witnessed the softening of the hardest of hearts by a simple smile.” by Goldie Hawn.
Hey there! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My blog looks weird when browsing from my iphone4. I’m trying to find a theme or plugin that might be able to resolve this problem. If you have any suggestions, please share. Many thanks!
I’ve recently started a web site, the info you offer on this site has helped me greatly. Thank you for all of your time & work. “The very ink with which history is written is merely fluid prejudice.” by Mark Twain.
Hiya, I am especially glad I have bring into being this information. Now bloggers distribute only about gossip and clear gear and this is really infuriating. A sunny blog with interesting gratify, this is what I ought. Thank you for making this website, and I’ll live visiting another time. Accomplish you achieve newsletters? I Can’t find it.
Hey, thank you for that post post. Much many thanks once again. Maintain writing.
Good written piece in addition to simple to help fully understand story. How do While i try obtaining agreement to aid publish component on the page all-around my approaching e-newsletter? Offering correct credit scores for your requirements this source in addition to weblink toward webpage is not going to become a new dilemma.
I’m impressed, I must say. Genuinely rarely can i encounter a blog that’s both educative and entertaining, and without a doubt, you might have hit the nail on the head. Your concept is outstanding; the problem is something that too small individuals are speaking intelligently about. My business is extremely pleased i always stumbled across this during my try to uncover something regarding this.
Hands down, Apple’s app store wins by a mile. It’s a huge selection of all sorts of apps vs a rather sad selection of a handful for Zune. Microsoft has plans, especially in the realm of games, but I’m not sure I’d want to bet on the future if this aspect is important to you. The iPod is a much better choice in that case.
On the list of uncomfortable side effects that’s remaining brought up within Reddish Half truths energy cocktails is the caffeine articles. You can find people who assume that you can find higher quantities of caffeinated drinks becoming contained in a single container of the electricity drink.
Thanks for your article. It’s very unfortunate that over the last one decade, the travel industry has already been able to to deal with terrorism, SARS, tsunamis, bird flu virus, swine flu, as well as the first ever real global recession. Through everything the industry has proven to be effective, resilient as well as dynamic, obtaining new ways to deal with hardship. There are often fresh troubles and opportunities to which the business must just as before adapt and behave.
I wanted to type a comment so as to say thanks to you for these pleasant concepts you are showing at this website. My long internet investigation has finally been rewarded with awesome know-how to exchange with my contacts. I would declare that many of us visitors actually are definitely endowed to be in a superb site with many lovely individuals with very beneficial tips and hints. I feel very grateful to have come across your entire website page and look forward to plenty of more awesome moments reading here. Thank you once more for a lot of things.
It is perfect time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I wish to suggest you some interesting things or suggestions. Perhaps you could write next articles referring to this article. I desire to read more things about it!
You created some decent points there. I looked on the internet for that dilemma and located many people will go in addition to with the internet website.
Do you mind if I quote a small number of your articles as long as I provide credit and sources returning to your webpage: http://dealbreaker.com/2012/07/former-goldman-sachs-partner-donald-mullen-wants-to-unclog-your-sink/. I’ll aslo ensure to give you the appropriate anchor-text hyperlink using your website title: Former Goldman Sachs Partner Donald Mullen Wants To Unclog Your Sink Dealbreaker: Wall Street Insider – Financial News, Headlines, Commentary and Analysis – Hedge Funds, Private Equity, Banks. Be sure to let me know if this is acceptable with you. With thanks
Hi there! Solve you get rider they achieve several plugins to avoid with Search Engine Optimization? I’m frustrating to get my blog to rank on behalf of approximately under attack keywords but I’m not as self-same good fallout. Qualification you identify of any entertain distribute. Thanks!
Thanks for your marvelous posting! I truly enjoyed reading it, you could be a great author.I will make certain to bookmark your blog and will often come back from now on. I want to encourage that you continue your great posts, have a nice day!
Have you ever thought about adding a little bit more than just your articles? I mean, what you say is fundamental and all. However just imagine if you added some great photos or video clips to give your posts more, “pop”! Your content is excellent but with images and clips, this website could definitely be one of the most beneficial in its field. Wonderful blog!
naturally like your web-site however you need to check the spelling on several of your posts. Several of them are rife with spelling problems and I find it very troublesome to tell the truth however I’ll definitely come again again.
Utterly written content material, Really enjoyed looking through.
Hello! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no backup. Do you have any methods to prevent hackers?
Hi there! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no backup. Do you have any methods to protect against hackers?
Real informative and good bodily structure of content material, now that’s user friendly (:.
You might have observed quite fascinating details ! ps decent website.
Howdy! Someone in my Facebook group shared this site with us so I came to give it a look. I’m definitely loving the information. I’m bookmarking and will be tweeting this to my followers! Great blog and fantastic design and style.
Incredible! This blog looks just like my old one! It’s on a totally different topic but it has pretty much the same page layout and design. Great choice of colors!
Reading all these comments is making me tired. Thanks to the guys that posted the helpful ones.
Oh my goodness! an remarkable article dude. Thank you Nevertheless I’m experiencing concern with ur rss . Do not know why Unable to subscribe to it. Is there anybody obtaining identical rss challenge? Any individual who knows kindly respond. Thnkx
This really is one amazing blog post. Truly thanks! Maintain composing.
Hello! I know this is kind of off topic but I was wondering which blog platform are you using for this site? I’m getting fed up of WordPress because I’ve had problems with hackers and I’m looking at alternatives for another platform. I would be great if you could point me in the direction of a good platform.
Have you ever considered writing an ebook or guest authoring on other websites? I have a blog centered on the same ideas you discuss and would really like to have you share some stories/information. I know my viewers would value your work. If you are even remotely interested, feel free to send me an e-mail.
My spouse and I absolutely love your blog and find nearly all of your post’s to be exactly I’m looking for. can you offer guest writers to write content to suit your needs? I wouldn’t mind writing a post or elaborating on a lot of the subjects you write in relation to here. Again, awesome site!
Some really superb info , Sword lily I detected this.
There are lots of examples on this, screen savers and wallpaper e readily to mind
Please let me know if you’re looking for a article writer for your weblog. You have some really great articles and I think I would be a good asset. If you ever want to take some of the load off, I’d absolutely love to write some content for your blog in exchange for a link back to mine. Please send me an e-mail if interested. Regards!
Hey! I’m at work browsing your blog from my new apple iphone! Just wanted to say I love reading your blog and look forward to all your posts! Keep up the fantastic work!
Hey! I could have sworn I’ve been to this site before but after checking through some of the post I realized it’s new to me. Anyhow, I’m definitely glad I found it and I’ll be bookmarking and checking back often!
Incredible! This blog looks just like my old one! It’s on a entirely different subject but it has pretty much the same page layout and design. Wonderful choice of colors!
Hello! Would you mind if I share your blog with my myspace group? There’s a lot of people that I think would really appreciate your content. Please let me know. Thank you
Hi there! I’m at work surfing around your blog from my new iphone 3gs! Just wanted to say I love reading through your blog and look forward to all your posts! Keep up the excellent work!
My developer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on a variety of websites for about a year and am worried about switching to another platform. I have heard very good things about blogengine.net. Is there a way I can transfer all my wordpress posts into it? Any kind of help would be really appreciated!
This internet internet site may possibly be a walk-through its the data you wanted in regards to this and didn’t know who ought to. Glimpse here, and you’ll definitely discover it.
I know this if off topic but I’m looking into starting my own blog and was curious what all is required to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web savvy so I’m not 100% positive. Any recommendations or advice would be greatly appreciated. Thanks
Hey! I just wanted to ask if you ever have any trouble with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no data backup. Do you have any methods to stop hackers?
Hi! This is my first visit to your blog! We are a collection of volunteers and starting a new initiative in a community in the same niche. Your blog provided us valuable information to work on. You have done a extraordinary job!
Whoa! This blog looks exactly like my old one! It’s on a entirely different topic but it has pretty much the same page layout and design. Outstanding choice of colors!
Hi! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no data backup. Do you have any methods to protect against hackers?
Needed to draft you one tiny note so as to say thanks a lot over again for those pleasant views you’ve shared at this time. This is really unbelievably generous with people like you to supply without restraint exactly what most of us might have advertised as an ebook to help make some money on their own, most importantly seeing that you could possibly have done it if you wanted. Those good tips additionally served like a easy way to fully grasp someone else have similar desire like my very own to see very much more with regards to this matter. I’m sure there are lots of more pleasurable periods ahead for individuals who scan your blog post.
Yesterday, while I was at work, my sister stole my apple ipad and tested to see if it can survive a 30 foot drop, just so she can be a youtube sensation. My iPad is now destroyed and she has 83 views. I know this is entirely off topic but I had to share it with someone!
My wife and i ended up being very fulfilled Ervin managed to round up his preliminary research using the precious recommendations he got from your weblog. It is now and again perplexing just to be giving for free information and facts the others may have been selling. And now we see we have got the website owner to thank for that. The most important explanations you made, the easy website menu, the relationships your site aid to foster – it’s all awesome, and it’s really assisting our son and the family imagine that this situation is pleasurable, which is certainly extraordinarily pressing. Many thanks for all the pieces!
My developer is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on various websites for about a year and am worried about switching to another platform. I have heard excellent things about blogengine.net. Is there a way I can import all my wordpress posts into it? Any kind of help would be really appreciated!
Hello your web site url: http://dealbreaker.com/2012/07/former-goldman-sachs-partner-donald-mullen-wants-to-unclog-your-sink/ seems to be redirecting to a completely different site when I click the homepage button. You might want to have this checked.
Howdy I am so grateful I found your blog page, I really found you by mistake, while I was browsing on Aol for something else, Anyways I am here now and would just like to say cheers for a marvelous post and a all round exciting blog (I also love the theme/design), I don’t have time to read it all at the minute but I have book-marked it and also added in your RSS feeds, so when I have time I will be back to read a great deal more, Please do keep up the great job.
I love your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to create my own blog and would like to find out where u got this from. many thanks
Do you have a spam issue on this blog; I also am a blogger, and I was wondering your situation; we have created some nice practices and we are looking to exchange methods with other folks, please shoot me an e-mail if interested.
My partner and I stumbled over here from a different web page and thought I should check things out. I like what I see so i am just following you. Look forward to going over your web page again.
Please let me know if you’re looking for a article author for your blog. You have some really good posts and I believe I would be a good asset. If you ever want to take some of the load off, I’d really like to write some content for your blog in exchange for a link back to mine. Please shoot me an e-mail if interested. Thank you!
Excellent site you have here but I was curious about if you knew of any message boards that cover the same topics talked about here? I’d really love to be a part of community where I can get opinions from other experienced individuals that share the same interest. If you have any recommendations, please let me know. Thank you!
Fantastic blog! Do you have any recommendations for aspiring writers? I’m planning to start my own website soon but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m completely confused .. Any suggestions? Thanks!
Great post however , I was wanting to know if you could write a litte more on this subject? I’d be very thankful if you could elaborate a little bit more. Appreciate it!
Hi! I just wanted to ask if you ever have any trouble with hackers? My last blog (wordpress) was hacked and I ended up losing a few months of hard work due to no backup. Do you have any solutions to protect against hackers?
Hey just wanted to give you a quick heads up. The words in your post seem to be running off the screen in Internet explorer. I’m not sure if this is a format issue or something to do with browser compatibility but I thought I’d post to let you know. The design and style look great though! Hope you get the issue resolved soon. Cheers
Dry in the sun my website
List of sites:
should you want, I’ll publish you articles. Copywriter searching for function
Hi there would you mind stating which blog platform you’re working with? I’m planning to start my own blog soon but I’m having a difficult time selecting between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I’m looking for something completely unique. P.S Apologies for being off-topic but I had to ask!
I view something really special in this web site.
Hey there! I’ve been reading your blog for a while now and finally got the bravery to go ahead and give you a shout out from Dallas Texas! Just wanted to mention keep up the great work!
Hey there! Do you know if they make any plugins to help with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good results. If you know of any please share. Appreciate it!
I beloved as considerably as you are going to obtain performed proper here. The comic strip is attractive, your authored topic matter stylish. nonetheless, you command get got an impatience more than which you would like be handing over the following. sick unquestionably come a lot more before once again since precisely exactly the same just about quite regularly inside of case you shield this hike.
Hi, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam responses? If so how do you reduce it, any plugin or anything you can advise? I get so much lately it’s driving me mad so any help is very much appreciated.
Awseome article, I am a big believer in leaving comments on weblogs to help the blog writers know that they’ve added something advantageous to the world wide web!
I was looking at some of your articles on this site and I believe this internet website is genuinely instructive! Maintain on posting .
I genuinely enjoy reading on this web site, it has superb content. “Beware lest in your anxiety to avoid war you obtain a master.” by Demosthenes.
One could survive distress on the contrary not disgrace.
Real superb info can be found on web blog.
I was reading some of your content on this internet site and I believe this web site is real instructive! Retain putting up.
Uggvannahqny
uggs on sale
Lopezftv
[url=http://uggsonsalez.webeden.net/]ugg boots on sale[/url]
Brianicq
http://uggsonsalez.webeden.net/
Would love to constantly get updated great website! .
pretty practical material, overall I imagine this is well worth a bookmark, thanks
弊社は2000年成立して以来、成長を遂げたこの12年間に、
最高級のヴィトンコピー技術を努力しております。良い評判を持っています。
弊社はヴィトンコピーの関連品を販売する商社でございますが、
主に販売する製品はヴィトンバッグ、ヴィトン財布、
ヴィトン長財布など大人気商品でございます。
This website is known as a walk-by for all of the info you wanted about this and didn’t know who to ask. Glimpse right here, and you’ll undoubtedly discover it.
Nevertheless along with its popularity came out your rumors in relation to it’s negative effects. The concept is actually anything is the fact that superior, next there has to be a thing while in the ingredient that will bring the contrary impulse. This is among the list of ideas the not-so-convinced shoppers intend.
This really is just the type of thing I have been hunting for! Fantastic and cheers!
You lost me, friend. I mean, I suppose I get what youre expressing. I realize what you are saying, but you just seem to have ignored that you’ll find some other persons within the world who view this issue for what it genuinely is and may perhaps not agree with you. You may well be turning away many of people who may have been lovers of your blog.
Hi there! Someone in my Myspace group shared this site with us so I came to look it over. I’m definitely enjoying the information. I’m book-marking and will be tweeting this to my followers! Wonderful blog and excellent style and design.
This is really a excellent website, might you be thinking about doing the interview regarding the way you created it? If thus e-mail us!
Your subject certainly isnt boring! Look at incredible amount comments you’re receiving.
Outstanding post, I think website owners should learn a lot from this blog its very user friendly.
Please STOP taking vaccines because they are causing your illnesses and diseases
I appreciate, cause I found exactly what I was looking for. You’ve ended my 4 day long hunt! God Bless you man. Have a nice day. Bye
These days of austerity and also relative stress and anxiety about running into debt, most people balk resistant to the idea of using a credit card to make acquisition of merchandise as well as pay for a vacation, preferring, instead only to rely on the particular tried and trusted way of making payment – raw cash. However, if you have the cash available to make the purchase in full, then, paradoxically, that’s the best time for you to use the card for several causes.
Have you ever considered about including a little bit more than just your articles? I mean, what you say is fundamental and everything. However imagine if you added some great images or videos to give your posts more, “pop”! Your content is excellent but with images and video clips, this website could undeniably be one of the very best in its niche. Fantastic blog!
I don’t commonly comment but I gotta state appreciate it for the post on this great one : D.
Chaga mushroom tea appears to be shown a fantastic deal of mankind by way of Ruskies artice writer Alexandr Solzhenitsyn using your partner’s new ‘Cancer Ward’ the spot predominant reputation has been curable of pisces with the aid with the assist of this relaxer. Chaga
Another Great one.