Comments on: Construction Spending Falls – Real Estate Potential Rises

By: Jose

Jose — Tue, 05 Aug 2008 07:28:46 +0000

Estimate Brian , tonight I was reading about Cal-Equity PacTrust and in this publication talk about the benefits to use this System instead short sale ,Deed in Lieu ,lease option , or other creative sales techs. Also with this you can avoid others problems that they also said is not legal because the lender can proceed a due-on-sale writes, according the Garn-St Germain Law .I read about this a little , and also in your blog I found more info about the use of this “non-traditional” financing programs ,it is big possibility the lender to do not claim their writes because the implications involve in the process .

Now I would like to have a other point of view and other opinion about it . It looks is a good system because protect the buyer and the seller a couple of problems.

I know this is nothing to to do with this article and if you prefer not publicate this and answer in privet its OK. I just need if it a good system to use.

Thank you again for all the help you give in this blog
Good work!
Jose Vazquez

Jose- thanks for your comments! I checked out that program a few years ago, so my knowledge may well be dated. It appeared to be “technically” viable, but I question the practical viability of it. It was extremely complicated compared to normal transactions, making me think that it may be difficult to pass it by sellers and/or their attorneys. This is just conjecture and the practical experience of others may be different. Right now I think it’s really unnecessary as I’ve heard a large number of recent accounts of lenders being willing to simply waive the due on sale clause. — Bryan Ellis

By: Jeff Miller

Jeff Miller — Fri, 01 Aug 2008 22:49:01 +0000

Teardowns in California. There is so much inventory that no one wants to deal with them. I line them up for a builder that I know and he’s knocking them down.

By: David Stewart

David Stewart — Fri, 01 Aug 2008 19:42:24 +0000

For an investor dealing in fix & flips that is good news. Pick a hot market that the growth potential is great. It will take the builders time to gear back up giving resales a boost. I am betting on Vegas. Once the supply balances out it should experience growth in prices.

By: jose

jose — Fri, 01 Aug 2008 18:52:37 +0000

Yes Brian , but something still bother me a little , what happens if the Real Estates prices still going down and an investor buy a property today and hold a little to resale later for a profit and the prices keep going down ? it turn to loss? I read some investors are waiting until this behavior slow down , other said is the best time to buy... two different opinions that can confuse some investors . thanks for your reports it keep me inform and up date!! good work!! Jose Jose - there's no straight answer to that. It's my opinion that for most of the markets in the United States, real estate is at a bottom or already rising. Real estate is a risk-oriented venture, and the risk is where the potential lies. But I think that if you plan to hold any real estate you acquire right now for atleast a few years, you're likely to do ok. But trust your own experience and advice from a qualified advisor. I'm just some guy sitting in a suburb of Atlanta telling the world what I think about the real estate market. -- Bryan Ellis

By: Jeff Miller

Jeff Miller — Fri, 01 Aug 2008 17:10:18 +0000

Yep There is always good information in economic reports. You just have to know how to analyze them.

I like it when they start crying “the sky is falling!”. It lets me know that I need to go outside with my basket and catch me some pieces of sky.