All Forum Posts by: Toby Munk

Once the contract it signed it should not be cancelable unless it states so.
The sign in one thing, but you should be able to list it.

How comes you have an option on this land? Did you have to pay for the option? What percentage of the purchase price, if YES?

This is interesting, please share.

Toby

Congrats on good timing. What made you stop 2 years ago. Did you see things falling apart?

Good to have you here. See you around

Toby

Hi Rich,

welcome to the board. Sounds like an interesting concept. Maybe you can share in a separate thread how you manage to have your profits be inversely proportional to real estate prices?

Have fun
Toby

Well put Josh,

welcome Rory. These real estate pages are very informative, as you will find out. But it is mostly about giving and then when you need it, receiving.

I have already got plenty of useful info out of the questions I have asked.

Have fun

Tim,

got you. I might have to drive as far as Texas to get a good deal. Will have to see if that makes sense.

I just found out that I will not need a building permit if the deck is less than 30 inches above the ground. So I will need to build a step into it. But makes sense since they would require soils test, tons of inspections etc..

I can not deal with the hassle.

Very dangerous game in my eyes. The banks for once are careful to whom they extend credit and the Fed is saying free money for all.

I know I am exaggerating. But look at the currency market. The Dollar has one of the biggest down days in a long time today. The market has voted and it aint telling "it will all be good".

The problem is the banks cash reserves are depleted and loaned money is not going to change that. They need investor cash and have started taking that in but a lot more is needed before they are back to strength.

The liquidity is not going to filter down to the consumer in a meaningful way. Even $200b is a small number when it comes to the economy. $750 per head in additional bank liquidity. Most of it the market was short a substantial part of those funds so they will just plug a hole.

The market should not be up on this news, and I bet we will be back at Dow 11,700 by the end of this week.

Just on a side note. London saw a big crunch with lots of negative equity in 1988. It took until 1996 to reach the old price levels. Probably one of the best comps I can come up with.

I was thinking 10 feet wide with bays avery x feet for cars to get past each other. When done there will only be 30 homes, and it will be a private road, not county maintained.

Lets say it will be done with pavers. So I would be my own sub. It will include excavation to a certain depth. Laying down the sand and gravel base, then the pavers.

Most parts is low skilled work. The trick is to higher a bunch of people for one summer and have them do it that way.

I agree I might be low, but I will know more at the end of April. I will be visiting a stone expo in Orlando to make some contacts to suppliers.

I hate asking for work if I have no intention on using them. Also I think if you hand the job over and not be involved, YES.. It will be expensive.

OK, really like to see what people have to say on this one.

1) First tell me your area and how much it is down so far from the peak.
2) What do you see the total % loss from the top until we hit the floor?
3) What time frame until we hit the floor?
4) How long to be back up at the same price levels we have seen at the top?

This one is going to be fun to watch.