"Buying a beach house? Bring Cash"

[goofer]

 

[Beachbummette]

Shel

You didn't address the cross dresser remark. I have no problem with cross dressing since I only wear moo moos after my evening meal !!

Oh, aren't they just divine?

.

HEY! HEY! HEY! You boys stay out of my closet! :nono1: Goofer....I thought I could trust you with that key!

 

[elgordoboy]

HEY! HEY! HEY! You boys stay out of my closet! :nono1: Goofer....I thought I could trust with that key!

He is a self confessed panty sniffer.

 

[Capricious]

....bring yet more cash...



http://tinyurl.com/37rxez


Nov. 20 (Bloomberg) -- Freddie Mac, the second-largest source of money for U.S. home loans, said its third-quarter loss almost tripled as rising home foreclosures sliced the value of its mortgage holdings....


...The company said it may cut its dividend in half and has hired Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc. to help it raise capital. ..



How do you loan money if you are having trouble borrowing money yourself?

 

[flyforfun]

So, you say that there are lots of great buys out there right now and this is a great time to invest. Do you consider a great buy one that will double in 4 to 5 years? If so, are you predicting that if someone takes one of these great buys, that they will double their money in no more than 5 years? If you answer yes, please point me in the direction of these properties so I can take a hard look at them. I would certainly like to double my money on another piece of RE.

Fisher, its not that difficult cause its a buyers market. First you need a RE agent that fits your goals and ambitions. Decide if you are wanting something to rent or personally use. Do you want beach front, beach view, or water front. There is a lot of junk construction down there, and I would try to limit your search to homes built after 2002. Also, find out who the builder is and check his record on www.myflorida.com Properties built after 2002 have a much better chance of obtaining a lower insurance rate. If you are looking at condo's, only consider concret and steel structures, and on-site management. Also, if you are buying a condo, get association minutes for the past two years to see what building issues may be going on that your realitor is not even aware off. If you can not get annual association minutes, then call the President of the HOA. I would do the same if I was buying a home in any HOA. Don't look at comps that are selling today, but what similar properties were selling back in 2002-03. Your in a buyers market, so take advantage of it and don't worry about hurting a sellers feelings. Don't buy something you can't afford.

 

[Capricious]

"...Don't buy something you can't afford..."



Something a lot of people have over looked

 

[flyforfun]

"...Don't buy something you can't afford..."



Something a lot of people have over looked

Well, that is high school economic's 101. I guess some folks skipped that class.