stay away from Midland, the prices of houses decline not incline..they are cheap for a reason. A good friend of my fathers bought for investment years ago, it was a liability not an investment, he lives in the house now since its worth less then what he payed for it years ago.

QUOTE (RossMcBride @ Dec 9 2008, 09:44 AM) bigbabba, bigbabba: I am the president of Montblanc Investments. As a preframe, experience wise, I have been in the real estate industry for 28 years and have developed or co-developed over 3,000 condominiums. I also co-founded a property...

QUOTE (MatzoB @ Nov 11 2008, 01:31 PM) I`ve never had to deal with a furnace before. I`m curious to know what how one would know when the furnace needs to be cleaned? And how often do they need to be cleaned? cleaning the furnace is not that important because it really does not get dirty if you...

QUOTE (Jack @ Nov 26 2008, 08:02 AM) But it's not "quality" that's brought them down. It's things like extremely low/negative profit margins, extremely high debt levels (resulting in extremely high interest payments), extremely high, ongoing R&D expenses as a requirement to stay competitive...

realeasing consumer spending numbers for sept is like saying we had a great RE market in 06 sept..useless information for today`s times and outlook on what may come.

myself being an hvac/r mechanic i will give you my expericence, you will NEVER satisfy everyone in that triplex with one t-stat regardless of where you put it. you will need to add electric heaters (baseboards) so that each tenant can control their own heat. The damper suggestion is ok, but...

I have talked with montblanc back in oct, as some people have stated they dont allow your own broker or appraiser, you end up with 2 mortgages on a loan less then a $100k, one being payed back to them at almost 7%. The are the property management and the condo corporation. Their entire system is...

QUOTE (C2Ventures @ Nov 14 2008, 05:55 PM) Question is: Would you pay $3500 to sell you home on a "supercharged, highly marketed FSBO website", which could save save you over $10,000 in realtor commisions? yes, as long as you had some type of guarantee in place, a realtor only gets paid once...

I went to their office sometime back in October to see what they are offering, I have found quite a few flaws and mis reprensentation`s within their investments. 1) They dont allow you to get your own broker, and so the way it`s setup is that you end up with a 2nd mortgage that is to be paid...

QUOTE (navaz @ Oct 30 2008, 12:31 AM) Robert Kayasaki put it this way: You take 100% of the risk, mutual fund companies take 0% or the risk You put up 100% of the money, mutual fund companies put up 0% of the money You get 20% of the profits, they get 80% of the profits! Is it so tough...

yes, mutual funds are not great due to high fees, if you want to invest in paper assets then it`s better to go with ETF`s or index funds...or stocks if you feel like you can take more risk. Even though RE investing is great, I still believe that having some paper assets is also good and will...

Sean thanks, I guess there are different ways of dealing with PCF, all ideas welcome.

QUOTE (MikeMcCrae @ Oct 23 2008, 03:32 PM) Actually when it comes to real estate it works just the opposite. Usually if the Corporation buys property a personal guarantee is required. This ties you up more than a personally bought conventional mortgage does. good to know

Thomas, its nice to see an honest opinion. Usually people who have a vested interest in anything will always be in a defensive zone regardless of circumstance.

I`m wondering if incorporating the RE biz would serve as a protectant for personal belongings such as your own home, cars or anything else worth soemthing, incase something does happen in the biz?

good info DWB, thanks

learned something new, I had variable before and it fluctuated so i figured they all did. good to know.

QUOTE (llee @ Oct 21 2008, 10:32 AM) Hi, I have been hearing people saying that lower prime rate (assuming variable rate mortgage and locked-in period) will result in better property cashflow. However, I thought that the payment for the mortgage would stay at same regardless of rate changes...

QUOTE (NICKEED @ Oct 20 2008, 10:51 PM) I think it is important to point out that not all builders/developers are alike. In the past five years I have built a home with three separate builders and have had three very well built homes. Building/buying new homes is much like anything else; you get...

I don`t think that they are charging you future interest..they can`t, even if it was legal (which I doubt very much) they dont even know what the interest rate could be from year to year never mind for the next 30 years. Why don`t you call them? people on here will just speculate like I did, we...