All Forum Posts by: Jason Barnett

That looks like undeveloped, raw land. Do you plan on developing it? Is someone else in your area developing land like this? Otherwise you're just throwing your money away.

I can verify the FHA program for FTHB (at least here in Ohio). Not all first time home buyers have bad credit silly! It's a simple 30 year fixed rate straight line amortization loan. I haven't checked the rates recently, but 6.1% matches closely with what I've seen. And to top it all off you can use the loan for 1-4 unit properties... :wink:

How's that for terms? I know, sometimes we wish we could go back and start over :lol:

You'll have a tough time finding lenders that want to mess around with a 100% LTV for investment properties under $50K at low rates. Those just aren't profitable loans for banks. You're a smart person to be asking this question, but this is really something to talk about with a lawyer.

The quick answer: trusts are a good part of an asset protection plan.

I'm willing to host it at least until we can find a better spot to leave it online. I may or may not decide to keep it up later, but I promise to keep it up there until at least 10/31/06. Feel free to contact me and we'll get it set up.

I am not certain, but based on the number of people involved there will likely be a class action suit filed against Pinnacle. If this happens then don't bother with getting your own lawyer. If there isn't already a lawyer leading a class action suit then you could approach one and ask them to take the case. I imagine a lot of firms would be chomping at the bit to sue Pinnacle.

Kisha, allow me to give you some friendly advice. There are many people on this board that either don't know much about commercial real estate or they are afraid of jumping in. It would probably benefit all of us (yourself included) if you would write a couple of detailed articles that outline the benefits and risks of commercial real estate. If you feel comfortable with several areas of commercial REI ($5M+ apartments, triple net, etc.) then a separate article for each topic would really go a long way.

Glad to have you on board!

OK, so how about you try to enlighten the rest of us? Maybe you can fill us in with some details? :wink:

Glad to have you here. Feel free to ask about any specific questions that you have.

Your question makes me think that perhaps you haven't analyzed the full value of your property. The better question is: why do you feel compelled to buy this property? If it's for personal reasons then make whatever decision you want. If it's for investment reasons then you need to evaluate what the property is really worth and analyze the deal.

I didn't take the time to read the report, but the allegations alone are enough to keep me from investing my money with those people. I didn't put it into my original list, but investors should also steer clear of companies that have "related transactions" with owners / partners. Think about it this way: if I own a property that is a real steal why should I sell it to my company and let them make profit? I would rather sell it for full retail!