[pk92108]

Fat Lazy—-Thanks….just wondering if you actually had more money to burn would you still consider a plan 3…Even though the plan 3’s on view lots would be maybe 1.3 – 1.4.??? Then with upgrades and landscaping you are easily looking at 1.5 – 1.6 million….??/

the only comps i can relate to are the lexingtons of the same size…some have gone for 1.5 – 1.7…Are these the best comps for deby hill plan 3’s??

Darn, but what if the market drops!!

thanks!

[pk92108]

Justbought—thanks….So what happens if you reserve a lot at the phase release, then during the following week when you actually get around to signing papers and negociating, they deny your requests for X amount of incentives??? If you say no, then do they bump you down to the bottom of the waiting list or do you keep your position?????

And did you have a Plan 3 and get any incentives???

thanks

[pk92108]

Justbought—thanks….So what happens if you reserve a lot at the phase release, then during the following week when you actually get around to signing papers and negociating, they deny your requests for X amount of incentives??? If you say no, then do they bump you down to the bottom of the waiting list or do you keep your position?????

And did you have a Plan 3 and get any incentives???

thanks

[pk92108]

Justbought—thanks….So what happens if you reserve a lot at the phase release, then during the following week when you actually get around to signing papers and negociating, they deny your requests for X amount of incentives??? If you say no, then do they bump you down to the bottom of the waiting list or do you keep your position?????

And did you have a Plan 3 and get any incentives???

thanks

[pk92108]

Justbought—thanks….So what happens if you reserve a lot at the phase release, then during the following week when you actually get around to signing papers and negociating, they deny your requests for X amount of incentives??? If you say no, then do they bump you down to the bottom of the waiting list or do you keep your position?????

And did you have a Plan 3 and get any incentives???

thanks

[pk92108]

I am on the list for Derby Hill and interested in the plan 3…They always sell these out at the phase releases (and none are dropping out)…..If I actually get a chance to reserve one, do you think I could ask for any incentives or upgrades when it gets down to negociating??? There seems to be wiggle room on the plan 1’s and 2’s, but what does anyone familiar with derby hill think of the action on Plan 3’s???…Would they just say “take your deposit back” and bounce me off the list??

(and please dont tell me it will drop 50% in 2 years)….I need to get on with my life and not have my kids bounce from school to school….

[pk92108]

I am on the list for Derby Hill and interested in the plan 3…They always sell these out at the phase releases (and none are dropping out)…..If I actually get a chance to reserve one, do you think I could ask for any incentives or upgrades when it gets down to negociating??? There seems to be wiggle room on the plan 1’s and 2’s, but what does anyone familiar with derby hill think of the action on Plan 3’s???…Would they just say “take your deposit back” and bounce me off the list??

(and please dont tell me it will drop 50% in 2 years)….I need to get on with my life and not have my kids bounce from school to school….

[pk92108]

I am on the list for Derby Hill and interested in the plan 3…They always sell these out at the phase releases (and none are dropping out)…..If I actually get a chance to reserve one, do you think I could ask for any incentives or upgrades when it gets down to negociating??? There seems to be wiggle room on the plan 1’s and 2’s, but what does anyone familiar with derby hill think of the action on Plan 3’s???…Would they just say “take your deposit back” and bounce me off the list??

(and please dont tell me it will drop 50% in 2 years)….I need to get on with my life and not have my kids bounce from school to school….

[pk92108]

I am on the list for Derby Hill and interested in the plan 3…They always sell these out at the phase releases (and none are dropping out)…..If I actually get a chance to reserve one, do you think I could ask for any incentives or upgrades when it gets down to negociating??? There seems to be wiggle room on the plan 1’s and 2’s, but what does anyone familiar with derby hill think of the action on Plan 3’s???…Would they just say “take your deposit back” and bounce me off the list??

(and please dont tell me it will drop 50% in 2 years)….I need to get on with my life and not have my kids bounce from school to school….

[pk92108]

Just walk into any open house and you will get a good idea about what most real estate agents are all about….

Ask them “how’s the market??” or “is this house a good deal” and you will hear all kinds of nonsense to move the property and get their commission..Either the market is up and you should buy now or the market is down and you should buy now.

Also don’t wait because “this property won’t last”…or “another family is very interested”..

It is not because they are actively dishonest, they just serve themselves first, the seller second and you the buyer last….

no offense to any agents, just my 2 cents from going to open house for 15 years…

Why should they scruitinze the loan?? it is not in their interest..they just want the place to close then move on….It is just business, I am not offended, you just have to protect yourself….

[pk92108]

Just walk into any open house and you will get a good idea about what most real estate agents are all about….

Ask them “how’s the market??” or “is this house a good deal” and you will hear all kinds of nonsense to move the property and get their commission..Either the market is up and you should buy now or the market is down and you should buy now.

Also don’t wait because “this property won’t last”…or “another family is very interested”..

It is not because they are actively dishonest, they just serve themselves first, the seller second and you the buyer last….

no offense to any agents, just my 2 cents from going to open house for 15 years…

Why should they scruitinze the loan?? it is not in their interest..they just want the place to close then move on….It is just business, I am not offended, you just have to protect yourself….

[pk92108]

Just walk into any open house and you will get a good idea about what most real estate agents are all about….

Ask them “how’s the market??” or “is this house a good deal” and you will hear all kinds of nonsense to move the property and get their commission..Either the market is up and you should buy now or the market is down and you should buy now.

Also don’t wait because “this property won’t last”…or “another family is very interested”..

It is not because they are actively dishonest, they just serve themselves first, the seller second and you the buyer last….

no offense to any agents, just my 2 cents from going to open house for 15 years…

Why should they scruitinze the loan?? it is not in their interest..they just want the place to close then move on….It is just business, I am not offended, you just have to protect yourself….

[pk92108]

How to transfer money?? Just wondering about you guys with foreign bank accounts – how do you transfer money to the account without a paper trail??? I assume if you write a U.S. check or wire the $$ and you get audited they could pick it up if the IRS supeonas your checking account..And also aren’t foreign transfers over $10,000 red flagged and reported to the governent??

Also do you report on your taxes that you have a foreign account??

Is it really worth it since you usually don’t get interest abroad so basically you are making a currency play and losing out on a guarrenteed 4.5% money market interest rate… would need to make more than that % in currency gains to make it worth while…..

just curious…..

[pk92108]

How to transfer money?? Just wondering about you guys with foreign bank accounts – how do you transfer money to the account without a paper trail??? I assume if you write a U.S. check or wire the $$ and you get audited they could pick it up if the IRS supeonas your checking account..And also aren’t foreign transfers over $10,000 red flagged and reported to the governent??

Also do you report on your taxes that you have a foreign account??

Is it really worth it since you usually don’t get interest abroad so basically you are making a currency play and losing out on a guarrenteed 4.5% money market interest rate… would need to make more than that % in currency gains to make it worth while…..

just curious…..

[pk92108]

Thanks fat_lazy……That was very informative and your handle is certainly a misnomer!!…

I actually have a condo-hotel in a ski resort that I bought 5 years ago that has positive cash flow with 25% down that I am happy with…..So I am not foreign to the concept but at 440K for a studio making any kind of positive cash flow would need an average room rate of around 300/night (realistic for a 5 star hotel) but I would also need maybe 80% occupancy, which I think is a bit of a stretch…

You can’t get all the fees in advance, because of compliance/regulatory issues that prevent them from discussing the exact nature of the management split (don’t ask me why)..It was the same way with my other place…..

I am still on the fence but will probably pass……

[Author]

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