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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 4 times.

Post: Should I wait for 'the crash' before I buy my first property?

Account ClosedPosted
  • Posts 6
  • Votes 4
Originally posted by @Brandon Carlson:

Supply vs. Demand, Interest Rates, and low inventory. What about the 70 million baby boomers in the U.S.? It's safe to say they will downsize or go from a two-story home to a one-story house. 

My point is, inventory will grow and buyer demand will decrease once rates go up to 4% 

In addition to that, the Fed only printed 60% of the entire money supply in the past 2 years. The Chickens will come home to roost as other countries see our scam on the world, petro-dollar. We could never stop Russia from taking Ukraine back or China from taking Taiwan (semi-conductors) back.

Post: How I think finding boots on the ground is not that easy.

Account ClosedPosted
  • Posts 6
  • Votes 4

Would you ever Use the "Buyer's agent" hooked up to you by Realtor.com? I just did that last night using their service. Alls I did was click on the "Video Tour" button, but calls came over the next couple of days and I finally answered last night While Working and I had to stay on the line to be connected to a "Buyer's agent." Of course, they were very Selling Personalities on the phone. She seems to be working with me now on the property I'm interested in the most and pulled the deed last night to see if there are any restrictions. I'm concerned about just a few things: being able to keep the zoning for low taxes (there's currently horses on it), no liens/back-taxes etc, and maintenance required. I'm not paying several hundred dollars a month for mowing. It's rural.

Post: Vacant Land issues for a newbie

Account ClosedPosted
  • Posts 6
  • Votes 4

Another question I have is Realtor.com, is it safe to use the RE company that they connect you to when you inquire about a property clicking to get a virtual or video tour of it? I just got hooked up with one tonight, and they seemed fine in telephone personality. They researched the deed already in just a couple hours for me to make sure there's no restrictions. I do not live in the state of the property I am interested in.

So Realtor.com connected me (staying on the line) to a buyer's realtor in that state. I used to have family in that state, but they've all moved on or passed away so I have no connections in that state anymore and I told the oriental female realtor who was given to me that I no longer have family there. They asked my max amount I'm willing to spend on property. Name, email, phone, they know I'm out of state, and when I mentioned my state they perked up like "oh, that state is a well-to-do one" I gathered from their increased paying attention or taking me more serious. My area is high cost of living now, it wasn't when I first moved here almost 20 years ago.

They asked me if it was for investment or personal use, I said either/or or maybe both. I could only move there in 10 years when I may retire, or I could sell it if it appreciates drastically before then.

Post: Vacant Land issues for a newbie

Account ClosedPosted
  • Posts 6
  • Votes 4

Hi, I'm nearing buying some land. My issue is the costs beyond the price. Will the property continue having someone else's horses on them? If not, will taxes still be low or AG-zoned? Also, when you're getting up in acreage, does the property have to be Mowed every month? At what point do you Not mow it?

I'm looking to buy site unseen (just pictures) because I live far away (hundreds of miles) where I work. I don't see myself moving for another 10 years, then I could retire.

My main goal is to park my money or to diversify my assets. I have zero stocks, bonds, 401k, IRA, but do dabble in the new "currencies" if you know what I mean.

I believe everything is going down and have been waiting for over a year (when I exited the stock market completely in Dec 2020). I have precious metals. I just don't believe in this phony economy/stock market (when small businesses are being put out of business in droves?).

I am wanting to have just taxes on acreage from afar. Do you have other maintenance that you have to worry about like paying someone to mow? It could be several hundred $ to mow the whole thing Every month. It's rural, not close to any big town, but don't want to upset the neighbors. I suspect that the property is family-owned but parceled off and sold for quite a bit less over 2 years ago (maybe to another family member?). So I may be the sucker paying almost double, but to be honest it was the cheapest I could find where I'm looking. I've researched for hours and/or days. I am extremely picky too, considering multiple upon multiple factors even in regards to things such as average wind-speed.

Where I currently live, prices are sooo ridiculous, I have to look out of state. I can't even buy a bigger home where I want near me because every time I go to look (not even Buy) it gets bought and Bought at like 20% more than listed which I am not willing to do. I know it's people from California and New York and the like ran-into-the-ground departures coming here.

I cannot make enough monthly wages to keep up with rising property prices here, and I do not trust the stock market.

Thanks