All Forum Posts by: Nicholas Pugh

So something no one else has mentioned.....The BIGGEST reason you should always utilize an agent when purchasing a home is Liability and legal responsibilities. A good Agent will be responsible both legally and knowledgeable of what is in the best interest to the buyer, However with the new regulations about to take place it is also important that you discuss the commission side of things with the agent so they can explain the new commission guidelines that are now about to go into place. 

Question, with loan interest rates at a high currently and cash money sitting in the bank making 4-5%, maybe have your partner do a private loan for 6.5-7% short term until rates comes down?? That's what I would do...

I find your comments contradicting.......you are on one hand complaining about the medical debt keeping people from buying homes and on the other hand your saying its the governments fault because they want to not let medical debt be included on your overall debt when applying for a loan?? Sounds like you are also complaining about the current government not taking care of the health insurance situation and high costs of medical? Well the "Other" party doesn't want to do anything about that? Obama care has helped many people, as well as the latest insulin price cuts that were literally killing people who could NOT afford their medicine, as well as what to do with the insurance companies. That would be a great start?!? but then we run into the "Socialism" idealists who think if we do anything that is Government related to address health care, then they, the Government is taking control of our country?? C'mon...lets not point fingers here and just say that America needs to get their **** together.......as one, not one party or the other. Inflation has everything to do with people continuing to spend money. Higher demand, higher prices, higher inflation.....Has nothing to do with the Government. Well that's all I have to say.....Which I never do say anything, but figured this was a good time to say what I think. :)

correct, you can only really value this as land, as if you are demolishing the current buildings on the property, there is no value to those. However, land pricing is based on many other factors such as zoning, location, the city its located in can make a big difference if there are certain factors that give developers incentives to build there such as transit, low income, walking distance to rail and other things. The other most important factor is going to be comps in that area for similar development properties. This can vary quite a bit depending on the area, but it really comes down to what a developer will pay based on what they can build. 

Nobody here at the Brew Hall? .....went to meet up and no sign of anyone?

Ya its almost a big as my house ;).......

Great Reply, this is a great example of how this forum can work for newbies. I applaud American West Realty and Management! …just wanted to mention this.

 Hi Gregg, as per your initial reply and suggestion....I'm intrigued about looking at a bigger property. Let me know if you have any time to discuss.

 Hi Sean, can you give me more information on your company an d what services you provide? 

 Thanks Gregg and appreciate the advice, however, I'm not so sure jumping into a 100+ property would be the best way to get my feet wet. I think I need t start smaller in order to wrap my arms around this first in order to be successful in the future.