All Forum Posts by: Vinay H.

@KIran Kaur. Do you think you would have caught on to those issues earlier if you had been there on site to supervise and inspect the progress regulalrly? Good to see you are able to bounce back. It’s easy to see the power of your resilience. Lots of people would never recover emotionally from this.

@Kathleen D. Invest in the S&P 500 index funds and enjoy an average of 10% returns yearly?

@Anthony Watkins Only 10k for a new townhome development? That’s a bargain. Most compact used cars cost more than that. First you want to evaluate your friend’s experience. What has he done in the past? Then you want to go over the offer or contract to buy the land, development plans and his financing for the construction. You also want an appraiser to appraise the finished value of the project . Finally you want to look at his budget, timeline, cash flow and see if it is realistic. And don’t forget permits. Typically development can be tied up for many months with permitting and cost several thousand dollars before it can even get off the ground!!!

@Justin Tahilramani I think that’s a nice rate but could it go even lower in a few weeks?

@Kevin Lefeuvre Initally the market will get a stimulus from lower rates. But in the medium run, I think the market will cool off due to uncertainty.

Nice job in the kitchen looks good. And the numbers are easy on the eyes as well!!!

House hacking using an FHA or Rehab loan. Look for a duplex that needs work, live in one unit, work on the other unit and rent it.

Housing starts fell 0.3% in March from the prior month, the Commerce Department said Friday. Residential building permits, which can signal how much construction is in the pipeline, dropped 1.7% from February.

Purchases of previously owned homes account for the bulk of U.S. homebuying. The Commerce Department releases March new-home sales data on Tuesday.

Mr. Duncan said there is a mismatch between supply and demand that is likely to drive a prolonged slowdown in sales. Demand is strong from millennials looking to buy homes but the increase in supply has primarily been at the higher end.

“There simply isn’t supply at the entry level where people actually want to buy,” he said.

The decline in sales has been broad-based, spanning all four regions of the country, according to the Realtors. News Corp . , owner of The Wall Street Journal, also operates Realtor.com under license from the National Association of Realtors.

Data released Monday from real-estate brokerage Redfin showed the sharpest declines in sales were in the West. Sales declined 21% in Salt Lake City in March and by about 19% in Los Angeles and Las Vegas.

Different things are happening to different parts of the market.

So-CAL - down

NorCAL - up

Camden NJ amazing

Southern USA - doing ok

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Purchases of previously owned homes, which make up the bulk of U.S. homebuying,faltered in March despite lower mortgage rates and a strong job market

All U.S. regions but the Northeast saw new-home sales gains last month, with purchases in the South reaching the highest level in more than a decade.

In other words are you recording this promissory note on the property title in 1st position like a bank would or is it a separate agreement? But if he is taking a construction loan, then the bank would not grant the loan unless he is the free and clear owner without the promissory note on the title. I think he is just using your money "straight up" as you said .... [which explains the 15% return]