Sunday, February 28, 2010

If you could print money from thin air, like the federal reserve bank, What would you buy, Gold? Land? or what?

I would buy the 3 F's

Food

Fuel

Firearms

All else is useless when really hard times come.


10% in gold

25% in real estate

5% in futures

10% in mutual stock funds

10% in a money market

15% in treasury bonds

10% in entrepreneurial ventures

15% in a high yield savings account.

A lot of land to build a cabin, canned goods and ammo. Would never see me again.

I would do my best to try to help poor, homeless, nd starving people in the world.

Congress.

Then you would ALL be my slaves. Wait!.....Looks like Obama, Pelosi and Reid already beat me to it.

Land, all land. I'd probably by the whole state of Texas.

Saturday, February 27, 2010

Why is there a lower price on a bank-owned piece of land on the Bank of America site?

than what the listing agent is asking? We put in a bid 7000 below asking price plus closing. I then happened to find the property on the Bank of America site and the asking price was 10,000 lower. The piece of land has been out these for 180 plus days and the price has been lowered by this agent 5 or 6 times. Also how long does it take to receive and answer back from the bank?


The listing agent is attempting to maximize his or her commission. It is pretty common pratice. Before you attempt to buy directly from the bank you need to read your contract closely because if you are working with a realtor/agent you may have to pay their fees.regardless. The bank (in most states) must take the property from the listing agent before they can do a direct sale to you. The bank likely only wants to recoup its losses or just get rid of the land so their asking price is only to cover losses or stop the bleeding. Banks are not in the business of owning houses, land, etc.

The listing on the internet could be older than the listing you are looking at. Only one agent can list the property at a time. I doubt the property is "listed" by Bank America. Banks don't sell property directly. If you are working with an agent, ask her to double check on this. $10,000 is not enough money for an agent to worry about, or give incorrect info about.... it translates to $600.

You are lucky an agent wants to work with you on a short sale. They are a pain, and she could get cut out completely. Plus it takes MONTHS for the bank to get back to the buyer after the bid is submitted. and they may reject the offer and relist it at a higher price. Banks, if they are going to lose money on the deal, are not in a hurry to do so.

How to structure a land banking partnership?

Interested in A/B partnership arrangement. Any state more favorable for tax structure or other consideration?


When you incorporate in Delaware, the corporation benefits from a very low State tax rate on corporate income and from favorable laws regarding corporation liabilities.

However, I think land banking partnerships are often structured as Subchapter S corporations where all income flow directly to the partners/investors. So, corporate income tax liability is not an issue, since in this case there would be none. From this standpoint, state tax considerations may not be very material.

In land banking, the main ongoing tax investors bear is annual property tax on the vacant land. Property tax vary at the local county level, nevertheless property tax rates are somewhat dictated by State fiscal policies.

Below is a list of the States with the lowest and the highest property tax per capita. So, this will give you an idea where to conduct business.

Best and Worst States: Based on data from the 2002 census, the following five states have the lowest local property taxes per capita/year. They are Arkansas ($191), Alabama ($285), Kentucky ($376), New Mexico ($380), and Oklahoma ($425). The states with the highest local property taxes per capita/year are: New Jersey ($1,871), Connecticut ($1,733), New York ($1,402), and Rhode Island ($1,369).

Nevertheless, in land banking the main focus is not so much on taxes (since they are pretty low overall) but on the outlook of the underlying land investment. This may have greater bearing on your State selection than tax consideration alone.

If my answer is unclear, let me know through "Answer" and I'll revise my answer accordingly.

DE

Thursday, February 25, 2010

Do you like it when you hear Israeli/Jewish authorities say that the West Bank is land given to them by God?

http://news.bbc.co.uk/1/hi/programmes/newsnight/8232340.stm


Cuz it was. deal with

BBC has a large Arabic bureau & isn't a neutral source on Israel. This article sounds like it comes out of that bureau & not the English one. (BBC sells much news to various Arab media, hence the sister Arab bureau to the original.)

Your question isn't neutral either considering the article says NO PLACE that "West bank land given by God." That's a Christian view & you don't hear it said by Jews the same way!

Before reading through the article, consider:

4. What the article doesn't address & should have been important is that the Hamas fighters are often religious zeolots & it scary to the IDF soldiers to face those who have no fear of death. It's a different battle than in the past with Arab armies. They say once the young IDF soldiers see the Hamas & Hizbollah up close - it's scary to see this "kamakazi" type approach to warfare & to see real people can be this numb to valuing life. They need the moral support & for religious Jews - it will come from their religion.

Read through the lines & the article says:

1. Mixing religious views in with the military is considered very dangerous by Israelis & the military & so this tiny, tiny group of people's actions are being heavily questioned.

2. The sum total of actions were to blow a shofar before entering Gaza, having a Rabbi with the units instead of back at the base, & giving out a book of psalms.

3. The article uses words manpulatively & dishonestly. It calls them miltiary Rabbis - making it sound dramatic. No where does anyone else call them that. They found quotes of "surrounded by religion" but the actual actions are pretty mild. They use "occupied west bank" (Palestinian Authority has rule over it) & reference irrelevantly Obama's past idea on settlement (which has since started changing anyway), making it BBC's need to shove a political agenda into their article, making all their reporting on it suspect.

========================

Pedastal

Jews were the majority in the area that became Israel itself. That was one reason for drawing the lines where UN did (since Jews in Hebron, etc. had already been masaccred & couldn't be majority there.)

Stolen is a myth. Most of the Arabs came to the region AFTER the Jews started developing it! Most Arabs left their homes because their OWN leaders asked them to (to make it easier to "push the jews into the sea.") They were kept, forced to continue to refugees at gun point by Arab brethren thereafter - to have an excuse to blame Israel. It's Lebanon, Jordan & Egypt that's been offered & doesn't want them, & leaves them to Israel. Notice how these myths are created, because there are a lot of them.

No, I don't like it but there is little I can do. I think its an impossible situation when people start citing an unquestionable authority that can't be verified. The Jews say a god gave it to them, the Muslims say a god gave it to them. Little room for reasoned negotiation and it just leaves them to duke it out saying their god will let the better claim prevail. I think we should eliminate appeals to god as legitimate claims for land and resources at this point. If you don't have a legitimate legal claim and evidence of it then its not yours. There are issues even there though as the Jews say they purchased some of the land legally and then the Palestinians say they were robbed. This is only a smaller portion of the total in question though. In general religion complicates it terribly.

No, I get worried for European Americans in case any of the Native American tribes get hold of the same idea and play the same card.

"2,000 years ago all this belonged..."

But, as the article notes, this is the view of a faction or group not the whole of the Israeli Government.

I can also find Jewish groups who consider the occupation and settlement of the West Bank completely illegal (far from the majority, but not non-existent, either.)

edit:

Kosher Ninja Chick:

"Originally the whole region of Palestine was to be set aside for a national Jewish homeland."

Not as I read my history, including that taken from UN sources.

(The British were essentially dishonest, yes, but to both sides.)

Neither was the Jewish population the majority in even 1945.

The UN figures are that one third of the population was Jewish.

I put more stock in what God says

Exodus 6:8

And I will bring you to the land I swore with uplifted hand to give to Abraham, to Isaac and to Jacob. I will give it to you as a possession. I am the LORD.' "

God does command mankind to do justice, LOVE MERCY and walk humbly with Him in Hosea and it is important to have integrity, love our neighbors even if they by Western, Arab or Jewish, and deal with them juststly.

Here is the facts people ignore.Abraham who was the father of Isaac and Ishmael was given the the promise that his seed would inherit the land.

They both in some ways have ownership. This is sibling rivalry that has gone on for over 4000 years. Since they are both of the seed of Abraham along with Jacob how about they quit trying to drag the world into a war and settle it based on historical record.

The fact is that Jews have the longest, strongest historical presence IN what is now Israel. Nothing to do with the bible.

Learn your history. Israel became Israel because it already HAD a Jewish majority.

Originally the whole region of Palestine was to be set aside for a national Jewish homeland. It was the British who reneged and instead allocated the Palestinian Jews a TINY strip that was impossible to defend from neighbouring Arab nations.

What did Jordan do when it occupied the 'west bank'?

Answer: it stuck the Pal Arabs in refugee camps and then left them there to ROT.

And nobody said a damn word about it.

The world was SILENT.

At Camp David and Taba negotiations, Israel offered the west bank to the Pal Arabs - in return for an END TO TERRORISM.

The Pal Arabs rejected this, walked away, and wouldn't even make any form of counter offer.

edit:

Yes, the British DID indeed also promise it to the Arabs - but then they GAVE 80% of it TO the Arabs.

We know it as JORDAN.

http://www.sultanknish.blogspot.com

Got news for you..

It was...

But, even beside that..What do you want? Palestinians keep picking fights and Israel wins more land...Tough for them..

Maybe Palestine should start concentrating on building up what they've got rather than focusing on destroying what the neighbors have built..

Not really, because it would imply that God forgot to remove the other inhabitants. God can do all the genociding he wants, but to make his chosen people to commit genocide to cover for this oversight is just plain nasty.

Don't like it...Love it.

Seriously though, wasn't all the land of Palestine given to them, with the express consent of the Arab League, back in the day?

If i broke into your house, moved my family in, and said you and your family could live in the toilet but need to get past security checks to get in the kitchen, would you like it?

No. A two state solution is the answer. Islamic and Jewish extremists who dismiss the other side completely are equally wrong.

the bible is 2000 years old. seems like a legal and binding document. A burning bush said the land belonged to the, who are we to argue?

thats weird because orthodox jews don't believe that they should be there without the messiah taking them back to the land hmmm so what are they doing there and why put it to judaism?

I regard such "justification" as completely without merit

It was given to them by the British government after the second world war.

Their parents obviously never taught them to share.

Sometimes the truth hurts.

Never really cared

I neither like nor dislike it. It's what they believe. Are the Jewish beliefs any less valid than any other religion?

Why would we get mad? Maybe it was given to them by God.

Oh for God's sake!

Read the Bible it tells you why they claim this. It is God's will.

Its so convenient. The rest of the world should think ''Now why didn't we think of that?''

Wednesday, February 24, 2010

What is the area of the palestinian owned land in the west bank?

The West Bank (all of it) is Palestinian land now occupied by Israel during the 1967 war which I should add is against international law.


Michael X summed it up pretty well.

Tuesday, February 23, 2010

Is land banking investment a good choice?

How many people are there investing in this? How much is the return you can get? What are the risks?


I have done very well in the past year in UK land. made 30% on an investment with a company called land strategy based in Manchester. Land prices are rising in UK due to the housing crisis, its constantly on the news, there is mass immigration, and the UK government keeps banging on about building 3 million new homes by 2012.

check out www.uklandadvisor.co.uk

Not advisable as the real estate prices will fall further between 10% to 25% in coming months.

Why do usa presidents say isreals land grabbing in the west bank is unacceptable yet continue with aid and..?

suppling weapons and bodies for isreals holy wars? - iraq, afghanistan et cetera

Why do they say such things when the usa is isreals biggest supporter and its obvious they wont do anything but continue giving trillions in aid to isreal (so they can build more settlements) and fighting their wars for them?


I like cheese doodles.

Past presidents were all talk, no action on israel's thievery.

Obama is the first to make their crimes a priority.

Well we are not fighting their wars at all. But this kind of thing goes on all the time with every country. Israel is not unique in that. No big secret.

Because they are big liars who will say anything to get elected.

Central bankers control the government and they're all Jewish.

the Jewish Lobby. It is very powerful in Washington.

well.... got nothing, sorry

Sunday, February 21, 2010

I want to buy land worth $27,000. What kind of bank loan am I looking for to help me with this. I can not seem?

to find any useful information online. Its only land not a home


You are going to need to find a local bank which will write such a loan 'in house'. None of the large mortgage lenders will bother to write such a small loan. Search for a smaller 'home town bank' and visit them in person.

Thursday, February 18, 2010

If i am buying a house on a land contract can i use that to mortgage the house?

I want to buy the house i currently live in off the landlord on a land contract. Now if the landlord gives me the land contract can i take that to the bank or loan officer could I use it to mortgage my house to pay the landlord off for a cheaper monthly payment?

I would use the money to make major and minor home improvements to the house that the landlord has not done. New furnace new doors new windows new siding and new roof.


I'm not sure what you mean by a "land contract" but I will assume you are talking about a "contract for deed" since I think that "land contract" might be another name for a contract for deed. If you enter into a contract for deed with your landlord you should know that a contract for deed is essentially nothing more than a lease. You will not own the property when you execute the contract for deed. The landlord will retain title to the property until you have satisfied the terms of the contract and have paid him off fully. Only then will you obtain title to the property. If you default, by missing even a single payment, the landlord will most likely be able to evict you from the property and all of the payments you have made up to that point will be considered as rent. You will get none of it back. Furthermore, you will not be able to take this contract for deed to a bank or other lending institution in order to obtain a mortgage note since you don't actually own the property. The contract for deed is, in reality, a form of long term lease.

Wednesday, February 3, 2010

I hold 73aa land and i construct my home so bank give me a home loan?

When applying for a home loan your credit report will be reviewed and you may be required to provide a number of other details, including: Employment and income records, Tax Returns for the last few years List of assets, List of liabilities and what you owe, Your budget showing monthly living expenses so that you can demonstrate an ability to pay.

http://www.worldbestloans.com/homeloans.htm

With this information you and your lender will be able to determine the kind of home loan and size of the right mortgage for you. In some cases, you can obtain a pre-approval or pre-qualified certificate, which shows how much you can borrow so that you can then shop for homes in an appropriate price range.


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