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Author Topic: How did Arnold have credit in the 60's/70's for real estate?  (Read 4478 times)

MB_722

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How did Arnold have credit in the 60's/70's for real estate?
« on: January 10, 2008, 01:24:27 PM »
how was he able to purchase property when he first got to america?
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emn1964

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #1 on: January 10, 2008, 02:09:35 PM »
maybe his well to do schmoes benny and joseph co-signed for him
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_bruce_

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #2 on: January 10, 2008, 02:17:29 PM »
Here in Austria they say he did G4P/H4P - not sex but posing for wealthy men and old women.
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240 is Back

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #3 on: January 10, 2008, 02:18:14 PM »
maybe he just trained harder than the other real estate developers.
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Quickerblade

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #4 on: January 10, 2008, 02:20:45 PM »
Quote from: 240 is Back on January 10, 2008, 02:18:14 PM
maybe he just trained harder than the other real estate developers.
he probably had the cash already, damn his filthy rich, anyone have his portfolio, heard he owns a bunch of commercial real estate in L.A
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gordiano

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #5 on: January 10, 2008, 02:27:31 PM »
Maybe he inherited some property in Dubai, India......
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emn1964

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #6 on: January 10, 2008, 02:31:07 PM »
Quote from: gordiano on January 10, 2008, 02:27:31 PM
Maybe he inherited some property in Dubai, India......

LMAO
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The Luke

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #7 on: January 10, 2008, 02:49:23 PM »
Maybe he just got lucky with redeveloped locations and a rising market?

I know a guy who bought a country estate here in Dublin for approx $400,000 utilizing a zero-interest bank loan (perk of the job as he worked for Bank of Ireland), that was back in 1984.

Aged 55 he suffered a dehydration induced collapse and was briefly hospitalised... his employers worried that he'd had a heart attack, and worrying that he'd die on the job and his young wife would be drawing his exorbitant pension for the next 50 years (transferable pensions were also a perk of the job) they offered him early retirement.

He took the redundancy package on the condition that the remaining $300,000 on the mortgage be written off... the bank agreed.

That was 1990... last month his country estate went on the market at $35 million.



The Luke 
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Tre

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #8 on: January 10, 2008, 03:03:29 PM »
$35 million is a nice sum of money.

But now that so many of us in America are 'paper millionaires', shouldn't $5 million in net worth be the new threshold to be considered a 'millionaire'?
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timfogarty

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #9 on: January 10, 2008, 05:50:35 PM »
Quote from: MB_722 on January 10, 2008, 01:24:27 PM
how was he able to purchase property when he first got to america?

royalties from Hercules in New York

but I have heard plenty of S&M4P (stand and model for pay) stories from his time in NYC in the early 70s.
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Peaking at 45 !!!

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #10 on: January 10, 2008, 07:32:06 PM »
There are creative ways to purchase real estate with no money down, and especially back then there were plenty of assumable loans, of which someone could take over someones loan without any money down, or even having to be employed !!!  How bout that !!!
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TrueGrit

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #11 on: January 10, 2008, 07:34:49 PM »
I know that he and Franco did construction jobs to earn a bit extra.

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Eric2

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #12 on: January 10, 2008, 08:17:05 PM »
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Quickerblade

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #13 on: January 10, 2008, 09:27:07 PM »
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MB_722

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #14 on: January 10, 2008, 09:33:11 PM »
Quote from: Peaking at 45 !!! on January 10, 2008, 07:32:06 PM
There are creative ways to purchase real estate with no money down, and especially back then there were plenty of assumable loans, of which someone could take over someones loan without any money down, or even having to be employed !!!  How bout that !!!

Quote from: Eric2 on January 10, 2008, 08:17:05 PM
http://www.schwarzenegger.com/en/life/didyouknow/life_didyouknow_eng_legacy_257.asp?sec=life&subsec=didyouknow

weren't banks more stingy to whom they gave loans to? Wouldn't he have needed atleast 25%-30% down in the 70's?

I'm skeptical that the brick layering business and joe weiders cheque book would have paid him enough to to invest in commerical real estate.
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Hurricane Beef !

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #15 on: January 10, 2008, 09:46:40 PM »
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Tre

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #16 on: January 10, 2008, 09:52:59 PM »

It's too bad that Lou couldn't be a little more like Arnold with his cash when he had the big money rolling in. 



The industry does owe Lou, though.
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emn1964

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #17 on: January 11, 2008, 07:10:44 AM »
Quote from: timfogarty on January 10, 2008, 05:50:35 PM
royalties from Hercules in New York

but I have heard plenty of S&M4P (stand and model for pay) stories from his time in NYC in the early 70s.

 ::)  Post em up or stfu
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The.Giant

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #18 on: January 11, 2008, 07:47:22 AM »
Naked posing for old gay guys earned him enough money to get his mail order workout programs going; that made him more cash. Combine those, add small acting gigs, and bam. He bought an apartment complex and went from there.
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Pollux

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #19 on: January 11, 2008, 08:06:05 AM »
Quote from: MB_722 on January 10, 2008, 01:24:27 PM
how was he able to purchase property when he first got to america?

By intimidation of flexing.  ;D
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affeman

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #20 on: January 11, 2008, 08:12:05 AM »
Quote from: MB_722 on January 10, 2008, 01:24:27 PM
how was he able to purchase property when he first got to america?

G4P - It's official.

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sync pulse

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #21 on: January 11, 2008, 08:20:07 AM »
Quote from: MB_722 on January 10, 2008, 01:24:27 PM
how was he able to purchase property when he first got to america?
A technician who worked for Merv Griffin Productions told me that Merv Griffin taught him how to invest, and that Arnold used the money he received (scale) from his appearances on the Merv Griffin show.
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nycbull

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #22 on: January 11, 2008, 12:12:22 PM »
Quote from: sync pulse on January 11, 2008, 08:20:07 AM
A technician who worked for Merv Griffin Productions told me that Merv Griffin taught him how to invest, and that Arnold used the money he received (scale) from his appearances on the Merv Griffin show.


Merv is gay, and Arnold was smart. He used a lot of rich gay men to social climb and learn how to be successful and rich. All of those gay men are dead now and so are their stories. Arnold has lucked out is whole life.
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Quickerblade

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #23 on: January 11, 2008, 03:23:50 PM »
Quote from: nycbull on January 11, 2008, 12:12:22 PM
Merv is gay, and Arnold was smart. He used a lot of rich gay men to social climb and learn how to be successful and rich. All of those gay men are dead now and so are their stories. Arnold has lucked out is whole life.
luck is all you need, Arnold was at the right place right time, like Stallone, Rocky and Rambo had the most perfect timing, now stallone can live off Rocky residual for the rest of his life, thats not counting rambo or the other 30 movies his done...Arnie got like $60M for t3
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arce377

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Re: How did Arnold have credit in the 60's/70's for real estate?
« Reply #24 on: January 11, 2008, 10:33:23 PM »
JOE.
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