All Forum Posts by: Andrea W.

Could someone please interpret this article into transparent language. It seems like it's been written to hide something - https://finance.yahoo.com/news... (

) Mostly, I see a hint that it could result in rising interest rates. Is this interpretation correct? There's also discussion of intentional inflation, but is there any impact on real estate prices at all?

The more I look at it, the more I hate it. If I'm browsing, I don't want to have to keep clicking "See More" just to see like 5 more forums. I want to see all the forums, or at least a large portion of them, listed on one page. Or at least have all the top level categories on one page and then for each category have all the subcategories on one page.

Sold my mother's house in Black Mountain (Asheville area). We rehabbed it first and that was definitely worth it. RE agent was Emily Welsh at KW and I can tell you that she is about the hardest worker I've seen in real estate.

My post wasn't meant to be political, just a statement of fact: Nobody ever completely owns their "property" outright because it is subject to being taken by the government or private entities for various reasons, including nonpayment of taxes, nonpayment of mortgage, eminent domain, civil asset forfeiture, etc. etc. You may feel like this can't happen to you, but - for example - the government has the power to raise taxes to the point that property owners cannot afford to pay them. If the economy experiences extreme inflation or deflation, this can affect ability to pay taxes or mortgage. An HOA or the government can seize your property if they believe you have violated rules or laws.

In addition to being legally taken away, there are other ways property can be taken. Many people don't realize that they do not own the mineral rights under their land, and that a company may come in and start digging up their land at some point. Also people don't own complete airspace above their land. If an airport puts their house directly in the line of planes taking off and landing, that may affect a person's ability to enjoyment of their property. Further, although there are laws against public nuisance, they often are not applied when a company buys the land next door and starts contaminating the land and water. Thus, also your right to enjoyment of your land has been taken. I say these things as someone who aced my property law class in law school, and has had plenty of life experience and educational opportunities since then.

I don't know if it's possible for someone to remove the statement about Trump out of the prior post if it's bothering people. I can't edit it. But Trump was the first thing that came to mind when I thought of eminent domain.

The reality is that nobody ever fully owns property. The government or corporations can take it over at any time. Pres. Trump is said to love eminent domain, the power of the government or a wealthy corporation to take over property ownership of any land for any convenience. See YouTube, "What Trump has said about eminent domain"

See also https://www.cato.org/publicati...

Old thread, but Steve K. didn't get enough attention. Maybe start with people who are poor but not yet homeless, or at least have some sort of stability. Organize them as a group of investors to invest in multi-family housing, but with you as the larger investor who is going to lend part of their investment to them and then receive it back in small monthly payments from each, which they want to pay because they're living with you. It's super-important to have this well-organized, not just with appropriate advisors such as real estate attorneys, but also with education for each investor. Appropriate legal planning and education can help people to trust each other, because otherwise trust is a huge issue for people who are accustomed to having people take things away from them. Maybe a scaled-down version of this: https://www.revolt.tv/2020/8/2...  Here's a detailed interview on YouTube - 

Pretty cryptic. There are books on cohousing, e.g.  Creating Cohousing, Building Sustainable Communities by Charles Durrett and Kathryn McCamant. Senior Cohousing: A New Way Forward for Active Older Adults ... by Sherry Cummings, Nancy P. Kropf. The Cohousing Handbook : Building a Place for Community by Chris ScottHanson and Kelly Scotthanson. See also - Pocket Neighborhoods: Creating Small-Scale Community in a Large-Scale World Hardcover – by Ross Chapin, Sarah Susanka (more architecture-related). There is also the Foundation for Intentional Community - ic.org.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Tampa.

Purchase price: $276,000
Cash invested: $75,000

Quarter-ACRE SINGLE FAMILY WESTSHORE (CARVER CITY) WITH DETACHED EFFICIENCY, MOTHER-IN-LAW APARTMENT, separate entrance. Great for house-hacking, great central location between International Plaza, Westshore and new Midtown development, huge lot. Ready to sell at 2-year hold point.

What made you interested in investing in this type of deal?

Idea of house hacking.

How did you find this deal and how did you negotiate it?

Agent.

How did you finance this deal?

Credit union, standard mortgage.

How did you add value to the deal?

Touch-ups.