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ParticipantI’m in a real estate related occupation and I have to say that it very much depends on what your goals are. Advanced degrees don’t tend to count for much in most of the RE occupations, especially those areas that an entrepreneur might get involved with. Where you’ve been and what you’ve done tend to count for more.
On the other hand, if you went to work for one of the larger corporate concerns the degree might pay off – after you pay your dues by starting at the bottom.
It just depends on what your eventual goals are.
ParticipantI’m in a real estate related occupation and I have to say that it very much depends on what your goals are. Advanced degrees don’t tend to count for much in most of the RE occupations, especially those areas that an entrepreneur might get involved with. Where you’ve been and what you’ve done tend to count for more.
On the other hand, if you went to work for one of the larger corporate concerns the degree might pay off – after you pay your dues by starting at the bottom.
It just depends on what your eventual goals are.
ParticipantI’m in a real estate related occupation and I have to say that it very much depends on what your goals are. Advanced degrees don’t tend to count for much in most of the RE occupations, especially those areas that an entrepreneur might get involved with. Where you’ve been and what you’ve done tend to count for more.
On the other hand, if you went to work for one of the larger corporate concerns the degree might pay off – after you pay your dues by starting at the bottom.
It just depends on what your eventual goals are.
ParticipantI’m in a real estate related occupation and I have to say that it very much depends on what your goals are. Advanced degrees don’t tend to count for much in most of the RE occupations, especially those areas that an entrepreneur might get involved with. Where you’ve been and what you’ve done tend to count for more.
On the other hand, if you went to work for one of the larger corporate concerns the degree might pay off – after you pay your dues by starting at the bottom.
It just depends on what your eventual goals are.
ParticipantIn 2001 you could buy a home in SEH for less than $300,000. In 2002 you could buy a home in SEH for under $400,000. As far as I’m concerned, anyone who’s getting excited about spending $500,000 in SEH for an entry level home in 2008 is being foolish, money-wise.
ParticipantIn 2001 you could buy a home in SEH for less than $300,000. In 2002 you could buy a home in SEH for under $400,000. As far as I’m concerned, anyone who’s getting excited about spending $500,000 in SEH for an entry level home in 2008 is being foolish, money-wise.
ParticipantIn 2001 you could buy a home in SEH for less than $300,000. In 2002 you could buy a home in SEH for under $400,000. As far as I’m concerned, anyone who’s getting excited about spending $500,000 in SEH for an entry level home in 2008 is being foolish, money-wise.
ParticipantIn 2001 you could buy a home in SEH for less than $300,000. In 2002 you could buy a home in SEH for under $400,000. As far as I’m concerned, anyone who’s getting excited about spending $500,000 in SEH for an entry level home in 2008 is being foolish, money-wise.
ParticipantIn 2001 you could buy a home in SEH for less than $300,000. In 2002 you could buy a home in SEH for under $400,000. As far as I’m concerned, anyone who’s getting excited about spending $500,000 in SEH for an entry level home in 2008 is being foolish, money-wise.
ParticipantThe construction loan is an option but you would need to go to the bank with full docs, i.e. purchase price info, competing bids from contractors to do the work necessary to fix the house, and an appraial of value when done. And they are going to want you to bring 25% cash to the table minimum. Cash needed probably 75-100K.
This is exactly what I’m talking about – financing that would allow purchase of the property with the repair costs. The repairs are the “construction” to which I was referring.
The lender would fund-control the repair costs to make sure the work got done and when it’s finished the property would conform to conventional lending criteria. At that point you could go to a conventional lender and get a long term loan on it.
And yes, there are a few lenders that might accept another property as additional collateral. Finding one that would take vacant land on might be tough right now due to market conditions, though.
ParticipantThe construction loan is an option but you would need to go to the bank with full docs, i.e. purchase price info, competing bids from contractors to do the work necessary to fix the house, and an appraial of value when done. And they are going to want you to bring 25% cash to the table minimum. Cash needed probably 75-100K.
This is exactly what I’m talking about – financing that would allow purchase of the property with the repair costs. The repairs are the “construction” to which I was referring.
The lender would fund-control the repair costs to make sure the work got done and when it’s finished the property would conform to conventional lending criteria. At that point you could go to a conventional lender and get a long term loan on it.
And yes, there are a few lenders that might accept another property as additional collateral. Finding one that would take vacant land on might be tough right now due to market conditions, though.
ParticipantThe construction loan is an option but you would need to go to the bank with full docs, i.e. purchase price info, competing bids from contractors to do the work necessary to fix the house, and an appraial of value when done. And they are going to want you to bring 25% cash to the table minimum. Cash needed probably 75-100K.
This is exactly what I’m talking about – financing that would allow purchase of the property with the repair costs. The repairs are the “construction” to which I was referring.
The lender would fund-control the repair costs to make sure the work got done and when it’s finished the property would conform to conventional lending criteria. At that point you could go to a conventional lender and get a long term loan on it.
And yes, there are a few lenders that might accept another property as additional collateral. Finding one that would take vacant land on might be tough right now due to market conditions, though.
ParticipantThe construction loan is an option but you would need to go to the bank with full docs, i.e. purchase price info, competing bids from contractors to do the work necessary to fix the house, and an appraial of value when done. And they are going to want you to bring 25% cash to the table minimum. Cash needed probably 75-100K.
This is exactly what I’m talking about – financing that would allow purchase of the property with the repair costs. The repairs are the “construction” to which I was referring.
The lender would fund-control the repair costs to make sure the work got done and when it’s finished the property would conform to conventional lending criteria. At that point you could go to a conventional lender and get a long term loan on it.
And yes, there are a few lenders that might accept another property as additional collateral. Finding one that would take vacant land on might be tough right now due to market conditions, though.
ParticipantThe construction loan is an option but you would need to go to the bank with full docs, i.e. purchase price info, competing bids from contractors to do the work necessary to fix the house, and an appraial of value when done. And they are going to want you to bring 25% cash to the table minimum. Cash needed probably 75-100K.
This is exactly what I’m talking about – financing that would allow purchase of the property with the repair costs. The repairs are the “construction” to which I was referring.
The lender would fund-control the repair costs to make sure the work got done and when it’s finished the property would conform to conventional lending criteria. At that point you could go to a conventional lender and get a long term loan on it.
And yes, there are a few lenders that might accept another property as additional collateral. Finding one that would take vacant land on might be tough right now due to market conditions, though.
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