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Multiplepropertyowner
ParticipantGood luck with the coastal and planning committee. My friend is on top of it and has had his project postponed for over a year and a half. Also, are you sure it is cheaper to build? Materials and construction cost are way up, I would redo the math. On another note, if you can’t afford to buy, then you definitely can’t afford to build. I spent hours upon hours trying to do the very thing you are talking about, and other then building a manufactured home, which the commission won’t let you build as I understand, the cost was never cheaper and the risk of delays never made it worth it. I don’t think it is possible to build without hemorrhaging cash at some point during the journey. Sewer is also an issue here and many areas are on septic. That was sometimes a drawback as well. I also doubt you will get anything under 400k that is not on the 5.You wanted opinions, so there you go.
ParticipantGood luck with the coastal and planning committee. My friend is on top of it and has had his project postponed for over a year and a half. Also, are you sure it is cheaper to build? Materials and construction cost are way up, I would redo the math. On another note, if you can’t afford to buy, then you definitely can’t afford to build. I spent hours upon hours trying to do the very thing you are talking about, and other then building a manufactured home, which the commission won’t let you build as I understand, the cost was never cheaper and the risk of delays never made it worth it. I don’t think it is possible to build without hemorrhaging cash at some point during the journey. Sewer is also an issue here and many areas are on septic. That was sometimes a drawback as well. I also doubt you will get anything under 400k that is not on the 5.You wanted opinions, so there you go.
ParticipantGood luck with the coastal and planning committee. My friend is on top of it and has had his project postponed for over a year and a half. Also, are you sure it is cheaper to build? Materials and construction cost are way up, I would redo the math. On another note, if you can’t afford to buy, then you definitely can’t afford to build. I spent hours upon hours trying to do the very thing you are talking about, and other then building a manufactured home, which the commission won’t let you build as I understand, the cost was never cheaper and the risk of delays never made it worth it. I don’t think it is possible to build without hemorrhaging cash at some point during the journey. Sewer is also an issue here and many areas are on septic. That was sometimes a drawback as well. I also doubt you will get anything under 400k that is not on the 5.You wanted opinions, so there you go.
ParticipantGood luck with the coastal and planning committee. My friend is on top of it and has had his project postponed for over a year and a half. Also, are you sure it is cheaper to build? Materials and construction cost are way up, I would redo the math. On another note, if you can’t afford to buy, then you definitely can’t afford to build. I spent hours upon hours trying to do the very thing you are talking about, and other then building a manufactured home, which the commission won’t let you build as I understand, the cost was never cheaper and the risk of delays never made it worth it. I don’t think it is possible to build without hemorrhaging cash at some point during the journey. Sewer is also an issue here and many areas are on septic. That was sometimes a drawback as well. I also doubt you will get anything under 400k that is not on the 5.You wanted opinions, so there you go.
ParticipantGood luck with the coastal and planning committee. My friend is on top of it and has had his project postponed for over a year and a half. Also, are you sure it is cheaper to build? Materials and construction cost are way up, I would redo the math. On another note, if you can’t afford to buy, then you definitely can’t afford to build. I spent hours upon hours trying to do the very thing you are talking about, and other then building a manufactured home, which the commission won’t let you build as I understand, the cost was never cheaper and the risk of delays never made it worth it. I don’t think it is possible to build without hemorrhaging cash at some point during the journey. Sewer is also an issue here and many areas are on septic. That was sometimes a drawback as well. I also doubt you will get anything under 400k that is not on the 5.You wanted opinions, so there you go.
ParticipantI think the point was use others cash when you can, but in the end cash opens doors when you need it done. I would agree that nothing is for certain, but I have just tried to hold somewhat close to these, and it has been good so far. My Dad’s biggest issue was not deals gone bad with sellers, but issues with partners. This one is not his, but I also liked “When business is good, who needs a partner.”
ParticipantI think the point was use others cash when you can, but in the end cash opens doors when you need it done. I would agree that nothing is for certain, but I have just tried to hold somewhat close to these, and it has been good so far. My Dad’s biggest issue was not deals gone bad with sellers, but issues with partners. This one is not his, but I also liked “When business is good, who needs a partner.”
ParticipantI think the point was use others cash when you can, but in the end cash opens doors when you need it done. I would agree that nothing is for certain, but I have just tried to hold somewhat close to these, and it has been good so far. My Dad’s biggest issue was not deals gone bad with sellers, but issues with partners. This one is not his, but I also liked “When business is good, who needs a partner.”
ParticipantI think the point was use others cash when you can, but in the end cash opens doors when you need it done. I would agree that nothing is for certain, but I have just tried to hold somewhat close to these, and it has been good so far. My Dad’s biggest issue was not deals gone bad with sellers, but issues with partners. This one is not his, but I also liked “When business is good, who needs a partner.”
ParticipantI think the point was use others cash when you can, but in the end cash opens doors when you need it done. I would agree that nothing is for certain, but I have just tried to hold somewhat close to these, and it has been good so far. My Dad’s biggest issue was not deals gone bad with sellers, but issues with partners. This one is not his, but I also liked “When business is good, who needs a partner.”
ParticipantWell said Deal Hunter.We are from some of the same roots in regard to families in RE. My family got to SD in the 40’s after the war and my Pop’s pretty much built Mission Valley with his partnership group (Mission Valley Inn, The Town and Country and a few others)
You comment on Real Estate always coming back reminded me of his 8 keys to real estate investing.
1. Use other peoples money to make yours. (Thus, i am a big fan of the 100% loan and used for all it was worth)
2. It is not the price you pay, it is the terms of the agreement that matter.
3. You make your best deals when you have the least cash.
4. Never live more then an afternoons drive from your properties.
5. Stay out of stocks!!!!!!
6. Scour the papers for divorce and death notices. Desperate people make desperate decisions.
7. Cash is King
8. Real Estate always comes back.
Follow those rules and you will make a killing no matter what the market conditions!ParticipantWell said Deal Hunter.We are from some of the same roots in regard to families in RE. My family got to SD in the 40’s after the war and my Pop’s pretty much built Mission Valley with his partnership group (Mission Valley Inn, The Town and Country and a few others)
You comment on Real Estate always coming back reminded me of his 8 keys to real estate investing.
1. Use other peoples money to make yours. (Thus, i am a big fan of the 100% loan and used for all it was worth)
2. It is not the price you pay, it is the terms of the agreement that matter.
3. You make your best deals when you have the least cash.
4. Never live more then an afternoons drive from your properties.
5. Stay out of stocks!!!!!!
6. Scour the papers for divorce and death notices. Desperate people make desperate decisions.
7. Cash is King
8. Real Estate always comes back.
Follow those rules and you will make a killing no matter what the market conditions!ParticipantWell said Deal Hunter.We are from some of the same roots in regard to families in RE. My family got to SD in the 40’s after the war and my Pop’s pretty much built Mission Valley with his partnership group (Mission Valley Inn, The Town and Country and a few others)
You comment on Real Estate always coming back reminded me of his 8 keys to real estate investing.
1. Use other peoples money to make yours. (Thus, i am a big fan of the 100% loan and used for all it was worth)
2. It is not the price you pay, it is the terms of the agreement that matter.
3. You make your best deals when you have the least cash.
4. Never live more then an afternoons drive from your properties.
5. Stay out of stocks!!!!!!
6. Scour the papers for divorce and death notices. Desperate people make desperate decisions.
7. Cash is King
8. Real Estate always comes back.
Follow those rules and you will make a killing no matter what the market conditions!ParticipantWell said Deal Hunter.We are from some of the same roots in regard to families in RE. My family got to SD in the 40’s after the war and my Pop’s pretty much built Mission Valley with his partnership group (Mission Valley Inn, The Town and Country and a few others)
You comment on Real Estate always coming back reminded me of his 8 keys to real estate investing.
1. Use other peoples money to make yours. (Thus, i am a big fan of the 100% loan and used for all it was worth)
2. It is not the price you pay, it is the terms of the agreement that matter.
3. You make your best deals when you have the least cash.
4. Never live more then an afternoons drive from your properties.
5. Stay out of stocks!!!!!!
6. Scour the papers for divorce and death notices. Desperate people make desperate decisions.
7. Cash is King
8. Real Estate always comes back.
Follow those rules and you will make a killing no matter what the market conditions! -
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