Feb 11, 2017|
House Plans by Countybank Mortgage
Automatically Generated Transcript (may not be 100% accurate)
State experts Chris Roberts Jason Nelson. What are you buying selling or refinancing your current. 8664. SJ news. 86644. To 75530. Welcome house plans glad you can do this morning's. Coming into. Ratios JD and I have the I don't like playing exactly probably we've planned exactly the same thing. Grand think Elaine I'll look at his nose to look at my emotion we're like okay really we did not collaborated doll but we have the same thing is amazing Joan either guy. Tell me what's on your sheet nearly 86644. To 7553. And then right underneath their foot 713 or seven. And I chiefs have. I got the same thing that is thought well Asia went out I got he what does he get on I guess some blue line and snowing horizontally one red line vertical drop down when things we'd love to have some columns are amazing guys have some calls to get inside the ditch there's I think I'm always got a few things in my pocket that. I don't like Cherilus if they ask for Iran and I did I just might be one of the better. They want and share we're going to be depending on the collars. My prediction is it inventories doing day old Indiana February don't say a gracious it's terrible and Paulo SA this week Austria. Three days without our software vendor working own processes and new domain. You know we implemented for six years ago and there's been a lot of changes and we kept published changes there's just time to get a professional manner and say hey let's put through this is to Renault and and I was sitting there why shouldn't I get an email every time somebody you know wants to disclose. I'm like holy Moly it's Fey who are. What pray tell how crazy I was kind of surprised I bet I guys this is their last coming up but I guy. Entertain contracts is what you get paid to visit you and impound it and of all shapes sizes I mean. First time homebuyers to have people buy and a half million U ominous is busy so. Armed it was a challenge to keep up with this you know following about Louisiana teen girls do that the voice they'll change it just says. Be patient we'll get to you yes it was crazy yeah I mean it's been it's been very busy humor certainly grateful for absolutely. All the customers in that her show the confidence to a get involved with carry many mortgage yeah it was good sound is so buyer's broker challenged environment. Yeah but you know there's always ways to create value for your client Elliott if you if you have a clear vision of what the trend accomplish she continued. You I understand your advocacy you can create value as a grizzled veteran savvy than I thought it. How he always nasty tricks have been you find us now wouldn't column trick or. He reads guilt. A column expertise yes I thought I. As you know it is kind of funny I was telling Al historian mode. Maybe won't talk about it after the break but I ran instant photos of sitting at a table last night seven. And it's theory interesting realistic conversation. And it was you know folks from Rangel fellows who had moved here from other places and you know Lou Lula. We'll set that up to talk about it on the other side there's all surrounding the downtown and keep. You know who last week we talked a little bit about the downtown and what was going own and and you know I'll I'll put a little teaser out there the first comment I have air heard when I went back to the table was. How they don't run all these upon. Just well it's good question about it. Thank shenae is about five projects coming online empty I mean not not tiny project say that. I want say this to play well p.'s history I don't think well I don't wanna say this to leverage your race got a little better than the last two weeks I did not know that yes yes they do end. I and my head down. You know. Well I'm well we cameo as soon as these are getting there's sounds. I get alerted about fifteen minutes before. Typically lenders start moving their rates investors think and ID we started in some 81800. Mortgage market Gandy bay rays are getting better hole two guys right tibia and a little a lot of this hour. No surprise your customers to wait to into this happens today so how's guy is more about. In those situations just so the looser she knows more about. Not waiting week it's like waiting and Algeria another try if you've got to type merge this getting ready to commit yet. Sands. Are telling us that they may improve today. And you know I told somebody this week to either listen into what we column and our offices the skipper Chris I like fled. And I tell him I said that there is a very dangerous game yes yes and nice to know I've been hooked a couple of times there's no doubt about it more. We're talking about that or talk about you know exposure rate risk and so. You know there are certain companies out there one of the first companies jamiat ever. How weird then not this guy was kind of a consultant put out a lot of good information and and we listened to him he floated every Loney ever made violate any means and he's told the customer needs to look once we get approved we'll figure out or ask. And that way there was no stress there my with a winning ways yeah you're Shia but I thought that was it's an interesting position now the majority what he did was got these insane. Yet they still had a little bit venerate anyway but it was a very issue and conversation. We get back from her head into our first break of the day we do invite you to us help us out with some calls and questions today 866. 44278553. You get hit us on the test line at 71 and 307 that 713 as salmon. We have Mack we don't talk a little bit about what is going own downtown. But we'd rather hear from you 71307. Warmer right now. Houseplants brought you by the the mortgage experts and county bank mortgage save thousands of dollars when you read for me. Forty cerebral. Save money today by calling JD Nelson had 86644. Passenger. 66440. Shoot 7553. Welcome back US and help. Plans JB Chris from Kelly may mortgage Keith Clark here with the buyer's broker we are taking your phone calls and text messages today feel free to give me Iranian 866. Full Portland seventy about 53 is a toll free number 866. For four to 7553. That takes one is ever as well been a very popular feature. Your real last few weeks 713 or seven if you have they are real estate question that you'd like to you. She too is this morning we'd love to get it at 71307. And and yes interesting in the Friday night. Cocktail party restaurant conversation about no state. Always tends to. Kind of bring some interesting topics and and then yesterday I guess was no no change I guess what. Well you know the hardest thing for me was a sitter me quiet. But as I wanted to hear what you had to say so I'm sitting there at the table meaning Andrea. Yet to. A mom and daughter who have been lingering we can tell for a long time. And the other two folks hadn't heard two months left are both from Chicago is one Renton. And the other win is looking to about presently and the comment that I walked up to the table two was. Why the don't have the Chicago prices in downtown Greenville camp. And and the Renner says you know it's 12100 dollars to rent 800 square feet who's going fill up Ali's apartment. Yes one bedroom and fifteen an 800 Labatt lesson that problems here are 700 square feet and 12100 dollars a month recount if well I LA I have a buyer. Which yes I'm projects coming online banking assets toenails very attracted interest and guys you referred to me about three or four years ago who I'm. You see your yard on the he still doesn't know that. I mean way he had bought a property Daon off north main town of Jenin that eerie picture and this was a low one bedroom. Type property should be in that cannot think. On they converted the ball into his second veteran. And I guess he thought if I won eighty year shunt in five or six years ago and down. He was these give Reagan and kind of move up in the world about nothing I remember how many square fate tend to do you know I don't own we had a conversation. And and we were just talking about him selling their property giant converted to a two bedroom in. It's kind of day on the air or forgot the name that park rating on the air how calm right off all northern Maine and norm come out of anyway and so here's an thought he was worried about selling and I said I cannot run imitate sounds and and not. He then you better be ready to go you better have your bags packed yet don't ask because when get MLS when it went no ratings on the ML assets and you don't have three or four realtors coming in quick. They're probably making offered. I say there's so many young couples that would be that would love to buy and the wind or a single person. That's just maven agreeable I'm sure harper in not only that he's probably gonna sell in the 250 to eighty range the only owner a prize for Philbin crisis fairly quiescent fairly singer and conditional so quick come on guys Shia house like guest on the end. Yeah I know having trouble selling that placing from a should. You know it is amazing how hot it is down there but I do you think you know I don't know how many units and Keith I don't know if you have any idea that you said four or five projects coming on. And the majority of those products projects are rental projects today they are now we DS that they're getting ready to be approximately a thousand Nina. To come homeland Arad say that over the spring and summer months. For arena Farina camp yeah and I were guessing I'd say 200 munition or the beach company did one on the north and the main one on the south and remained. Last year. Where two shifts relocated to its dome in any source Maine that's the beach company Adam Myrtle Beach right. And then now I think Bob he says so probably three of the projects one a big one across from the from the Crocs senator. And let's that that project must have four or five buildings and really more than 200 candidates. I got a buddy a man who's a superintendent of buildings who own one of those buildings is the wind calmed. I downtown. Kind of a college down from the old grieve on the news can no way from downtown kind of heading down that he all right in there came room that name that you would Gary Denny has him. Armed anywhere where gas is street crosses. And main street south main street there right esta blocked golf tee and there's and liquor store the corner you're so many Olympic. Anyways so who may now is asking him this is about your day and said you wailed on me so that's going to be you have to. 500 apartments or whatever it is gun luxury apartments if you if you will whatever and he said this was a year ago. They already had here might it only sixty or 70% of whom still unreleased the F release yeah I'm surprised yes so. You know we're now I don't know you like a sales about a year ago when a solid so out the end I'm sure still on now now wonder about all the other way. And are well placed on what's for sale downtown on the Condo market new you know. 12100 mines that he's apple can't. And I. As head of I showed unity at the fieldhouse which overlooks the stadium sure is about yes last week. How big key. Well ushered to a 111. Bedroom one bath about. A thousand square or maybe a little bit less 900 strike and then the other one was two bedroom two bath about 12100 okay 12100 square foot. What sold in just today was it 3400000. It was 37 now and home holy mowing. And that's it. Well let me make you are you're out there is had a good view oh and functional Sean O'Leary had conditioned barn it's very nice I like France are morally right now they elevator they don't ask yes and I need a lot of cities she silently. Pastel purple wondered if you ruined and they is it. But ten you know one of them luxury things that we're comment I don't remember the exact number but it was say you know boom roof. Coffee bar for the traverse via whatever it is. And and somebody told me that the the fee for the just the association are going be. 709000. But there's something it was something where I was like oh get Al you know you an analyst with those two projects on my phone yeah I know my ass again they're all right now I'm. Hmmm I believe and I and our market and not yet there's only one those are those your. Contra concepts that. This point well you view of downtown just sing your thing and if I was a 28 year old gallon in downtown single. And knew you were down tail and I'm not sure I even own car but I had to get over where we need to get a restaurant. Yes 700 dollars up against a car payment on my way may not even the Omar Al we have JD is when you were twenty made 21. Strange story I'm not talk about a mine the try to. A 300 dollar net check your bio. So far we're going to say it was taken out I mean I'm dropping to 7980 or eight and a half every two weeks you have made discount and it is kind of crazy but but you're right yeah and there's a lot of things you would need. Now I'm me and got everything else yet the only thing that I would think would be a little bit of challenge. Would be great trees but then you think about that again now when Nellie that well but they are you oral irony edges toward her own money shows up at the door yeah it's crazy. Yeah I got a client used Amazon for Skype stuff I'll send me you know why you think he and they re occurring and oh yeah occurring order yeah size automatic almost a a a crazy. Well you know that that says the orgasm look and it traverse that said one of those two projects and right hand. They range in price from ops force seventeen and that you should 300 square feet to. It's easy and six pass math 6620662. This one is under contract. Three bedrooms three massive 18100 square feet it's 66 today and I'm sure is under contract for foreigners usually got a great deal aren't and yet. Now I now that I thought. Fear not knowing just kind of crazy. But that's supposed to be wanted as 325. Dollars a square so what do the people from Chicago where they do Indian media do well you say that they are. They had relocated down here and Ramon was rim they were they were friends who OK it was raining and got home was looking to buy and said they were just talk and they were not complaining they loved it down here same thing about where they employed her car and I didn't ask that question not like set I was just sitting there listening Gilani and wanna speed on the conversation earned. And end so I just left the the couple from green rule. Talk to the couple from Chicago and of course comfort Marino had the same the kind of the same thing we used to talk about all the time was. Shannon. Don't tell and I don't tell anybody right here clear you don't make a credible idea let's yeah there's quiet and that enough. The folks from the photos from Chicago were talking about how much they liked it. You know just how it was so much better in the room you know here than they hear. But they specifically. Were shocked by the price to live down payment yeah. And and then of course they started sure why we start come out why men immediately seized interest thing that that was the pre conversation. That we were having and you know when she says death. I had you know these condos and this Chicago pricing and I was like you know I hadn't thought about that so it would be interesting. I think project for key. Any no decision downtown condos in Chicago now of course is not the case that felt any thing like New York where I just say what it looks like but I would imagine. You know the projects you're going to be smaller but they're probably going to be. Airlines center could probably help you with some researching aliens payload that there has returned for a while now how they finishing yeah we have our baseball draft this week you know kind tiny and five of the eleven Kia exit. I drafted to moved here within the last oh well I went for Kentucky. One from North Carolina and went from Illinois Chicago. I'm Dara Chicago's three Arafat finally eleven Kia is one unused three Brothers but this year I asked how many adjusting your guy wow you are new and hear it on the junior Greeneville. It just shows you how many people or plumber bird coming down here you are absolutely right. And if you've got a question about buying selling anything to do the real estate. Give us shall this morning and 866442. 7553. That's 86644. To 7553. You can choose a text ever his seven. One and 307 that 71307. Would love to hear from you. Now Keith if you if you do decide to get into the Condo market last week we talked a little bit about the thumbs specific challenges or things you needed to think amount if you were going to build a house. You know what are some things that you have to think about. Only real estate SATA and AJ he's got a list on the mortgage side but if you are going condos shopping what are some things you need to be thinking about. Yeah well the demo I start every conversation with you know what does your life look like ten years from now so you analysts say am I gonna outgrow it. Is my life gonna change if I get ready to sell it or my life does change to get relocated. To a salad or keep percent of those are in Canada fundamental questions that we begin the process would always begin the process with. But one of the unique things about the Condo market that you have to consider right up front. Is parking in regime fitting out I guess. So what do I get from our regime should be in parking because one of the almost. Every condominium project. In a downtown market. You have to wall from where the parking is to your front door and so when your and they're not really in the same place. Well sometimes they are sometimes or not and so that's one of the idea factory in terms equality a life where I can I ask you so when you showed the condos. Right. At the ballpark yup where's the market. Well as Malone on the first floor. And then there's probably eight or ten spots by hand the unit so you have to walk. Out of the garage. Into a hallway many into the elevator can intake PLO ratchet OK in any to project is different but for example I know project him over. All for me may where you have to Walt. Gosh it must be hundred yards or more and maybe 250 years. To get to your car right from your front door so. Com what a breeding fame condos and marquee parking is this kind of where restart then in terms of quality of life. You need to know intensity location proximity to the things that she utilized chair example that. That are on your daily schedule meaning how you access that is on a really big speaker Lou. You know I think a lot of folks live and what we would column because of planned urban development say you do have an HO way. And say you're used to pay and you know your your 608000. Dollars. Here in the air to keep that going betting condos. Because you cannot pay him for the entire maintenance of the building. The up key. And also for a reserve when big expense as a current track if if the Condo association is Smart. If there's a poll somebody's got to take care of that they they can't basic net. They are significant almost always today and if your your your pain and 38400. Dollars a month as a regime saying. Now now remember in a Condo in a condominium the ownership. Is that is described as a horizontal regime's right you won't from the studs. I'm the project right now the only they only in tears dried generally speaking to regimes they would cover the insurance and maintenance of those exterior components. It's absolutely empowered a bit more about that absolutely we are gonna head into our bottom of the hour break we give back we're gonna talk a little bit about the so what you need to know about the the association that horizontal regime to keep the started out. And I course from alone standpoint what challenges might you have or is it different at all and so. We also like to have your calls questions and comments say you can reach us at 866447. 553 JD Euro came we do. Free calls in the second must do it for a dollar a person no charge for the calls. And of course you know issues a taxi to Warner remain Annan says 71307. House plant is brought to you. Or did you experts and county bank mortgage save thousands of dollars when you read but they. Save money today by calling JD Nelson 86644. Passenger. 6644. Choose 7553. Vacuous and how plans JD encryption can only make mortgage keeps the. Are put the buyer's broker. He just tuned in we are offering free phone calls too yeah I was gonna say you sinuous and I'm not sure any resolution and I don't think he might loosen my back and I think that I had it all but they're deathly now listen. I thought they. I got told journalists and all you're definitely in a room but you not listen I don't know much. I. Almost AG alone Bruno now boy he's gone into some challenges. Smartly and it modern list how old is he. Eleven what grade going on twelve or hearing grade essays and with a nice you know he's he's got he's gotten pretty darn Smart here last year big play you can ace Mario's new way to get broken yeah and you guys will brag on you have bad times last Sunday color that was OK okay is there within 48 hours have been bad does he got grounded. I thought I send message you are gonna say they happen to that's not how this works yeah. That's they'd been used understood he has spent his first term relief yeah I'm in front half got billionaires in doing things for his personal Smart mouth say yeah. Uh oh lord says I gotta I just went to his final months ten years old and it didn't value does just unbelievable is hard but yeah. It's your youngest no that's multinational result result I mean Morgan's they detain you asked when he won. It's a different world now they entered Somalia. I think I did not I don't know if a told a story on air or not they came home two weekends get a JD you'll appreciate this and he says so. You know I got a lot just a whole lot of my friends. That are. You know just taken six months off after they get out of college. And doing a sabbatical listed boot to warn you know mom think about that are so I think that's a fabulous idea and he was well let's not what I expected. And massive hold on 12 sample off. Smartphone you know and I did little to show what you do announces well he got a 108 dollars and checking account after the fact that. And you do have a main 810 dollars and you're saying is count on and it's fantastic I'm just trying to figure how that's the last six months I think big daddy says more does that make it. Yes indeed they don't inform yeah yeah I say OK okay. And okay she used to be educated. And he was like. Oh so I can do it machine I don't support massive thing didn't not to fund the project we have a winner yeah. And he was like last not as fun and answer now. Loudly and along the with the million because we're going to that was my own renowned better Allstate and everything else going on and so. I'll wall in the NSA all we got a lot of mail today she is what is it another milk. Well you know I had had my way nor does it assume its newest fox. Name a different path. We do we asked for questions we asked this question is here so let's roll went home. It says JD finally nude in the construction phase of our project. Looking like late July all disclose. Hopefully mother nature will cooperate. Thanks for the help so that there. Yeah you can ask for somebody out of the end that was one McClain is Larry we'll call him and beyond. A great guy he's nine in from me. Regional builder. I'm and yeah he's pretty excited day I think they're gonna get knocked out what I think is at about six months I would expect that weather would not be the problem they're busy this might be the problem and makes Keith we talk about this a little bit last time these two be over to Newman ninety days now it's I understand you guys 180 days in this. And it's just they're just busy that's right and want them there's one thing that I would say about that particular text messages. Let me flexible on the close to what one of the things you find out. Find they builders do anything similar to glory years and I don't mean to meet arm but they work on deadlines yank. Yeah so they prowl our task based on what's the most important deadline coming out. And whether you close where you're closing date is that they ended July our the end of all August. You're gonna see significant work occurring those last two weeks before finalizing regardless of when they set the closing day sheer side so give yourself you may not think you need a couple of weeks. Beyond the closing today and you don't think you might be talking about playing in the mood and crap like that and that can be the most stressful foreign aid is often times because. You're gonna have punch list items you can have some things said to build earnings today right they hand the project. He knew he wanna give yourself a little bit of time. Well let me read what he's right on this builder a little bit which we probably don't do enough that this is maritime she's nine from him and I'm wondering how mostly about the amount got a couple three deals working with him right now I've done some deals in the past for one of the things done there is with these deals. Is there communication has been outstanding. During the first two. Three to four weeks of these contracts come in a guy and the introduction I'm your contact through the process. Here's this here's that you know if you need something here's to you need to call you that kind of thing. Which I thought was outstanding Powell say that about him that at least in the beginning phases of these 3 am working on. Com is a great to have that person you know has to go to because depend on the way and there's certain documents we have to receiver. Yeah and a famous FHA or conventional RAI and AM BA Arenas. There's some. It's it's nice to have that they go to person. And for them to reach out and actually introduced girl I honestly. Yamana they have preferred lenders and all lad but uniting not a black sheep is seen in this in trying to deal which should make it a smoother transaction and one. I'm talking about JD is. Isn't that the systems have a national builders now America charges national built right around then right I'm not sure I think they're in the top ten for shared. But. This systems that they eased. To stay in touch to communicate. And reach out to all the parties involved. Because it not only does it make their job easier but of course it makes a transaction. For the consumer easier yes and integrate themselves at the end of the process and I say when you finished with a production bury them the opportunity to. To fill out a questionnaire and say when you write what they did wrong Assurant. And and focus on the process I can still count on him he can still count on Ambien busy at the great. And well yeah absolutely of course is you know get another tennis question here they came in if you got a question about buying selling anything to do real estate can reach someone texted 71307. That's 713 are seven arguments shall an 866. For 147553. And Keith this is the so location question itself. You know bought a house and TR between the YMCA in downtown. And it says unfortunately next to a trailer park is there anything I can do to increased value to build a fence this. That's about as well it's a good choice for all now know I have been an offense that it will make a difference yes I am glad. Now eight you know and I'm not sure how you improve the value of your property right based stone separating herself from may be an adjacent to. Project it's less expensive. But. But we are doing them any time you have a the value of an adjacent property is lower than years it's not it's not going to be a good thing and of course. I'm separating it with some landscaping more fans or something like that but. You know I tell you we. I don't know that we've ever in the in the hundred years we've been doing the show I don't know that we ever spoke about this that Jenny and then. You've had a challenge with a a buyer is very interesting story young buyer hot. Highly qualified. But absolutely shopping for a bargain. And on two separate occasions. He found houses that could not be financed because of the location. Yeah in the in the third how's he found can be can be financed because of the way it was done so you know you look at the house the front of the house the pitcher just. With with maybe twelve feet on each side. And you're like oh what a great Palestinian pollute the Google map and a 150 yards behind it is is a 101000. No that's not even right. A 50000. Square foot plant try yeah. And your life or less that's not going work that's why it's. You know 58000. Instead of a 135000. Yeah at trendy any turnaround in the next when he found. That was bill right next to it was the same thing you look at the pitcher like all the pitcher was great. And it doesn't decide right beside the deserted. Gas station. You know and then of course there's always some you know some of environmental environmental concerns about that and and if that wasn't enough right behind the gas station where some train track. And says you know finally have a conversation. One thing missing is a cell phone tower this within the shadows bigger than all of my house and other guys are about as big power lines together and you know high tension power that's exactly right and then the third house he finds great great bargain. But it's it's say basically an apartment is built above it to push its two story two two. Make garage now I head this is not typical Owen says you know all those things matter. I mean there's no doubt about it. Some one thing we didn't hit own though I don't know the other side the break is when you go to finance Condo a couple of things you need that's absolutely it does when we come back to us and health plans. House plant is brought to you by the the mortgage experts and county bank mortgage save thousands of dollars when you read for me. Save money today by calling JD Nelson had 86644. Passenger. 6644. To 7553. Welcome back he listed in the house plans JB and Chris from Toni Mae mortgage Keith. Clark here with you buyer's broker. Full house today and taking your phone calls a 6644. To 7553. Will get about fifteen minutes left in the show. We love to hear from me she got a question about buying selling anything to do with real estate that's excellent as open as well a nice taken today seven point 307. Izzy text numbers so if you have a question or comment and would like to remain anonymous. Across 71307. Is the text. Well I got they just arm down a little for Keith today yes so key fears the next question very aware of any homes. They'll be available for retirement. Hopes. And little communities that duplex is or patio and any arms I do and but I am not been telling you about how. Wait wait let me check first of all to the Bay Area cared on the phone number is 86 or tell you he's got this local strides fail whale well what we're discussing is in the baby boomers are made of in the needle OK they are right sizing all over the country. That's come a moment Mara aging in place others are relocating to Greenville, South Carolina but but the baby boomers are moving the market. And part of part of their vision is to right size same minimize maintenance and more we're talking about is primarily a patio home type profit share. I'm I'm in the process of doing that that type the new myself in general right it's not a patio home but there's a local builder. That as that has been hugely successful over the last seven to ten years. Building that patio home. Are they the red green and red green to two bath brick breach who actually story and a half in most instance not okay so. About 50% of their plans have all the bad dreams. Well cut all the bedrooms Stamkos they usually have to. A couple upstairs investment and grandchildren rather some quiet Ted frank but then master bedroom fame lingering kitchen and hopefully in the office. And and easily screened in porch on the main floor which is easy living for them into Nestor churn. That product is hot way here. Where can well and they have their bread is mighty got to be if you want big go to rose Reza wouldn't communities I think interest would communities dot com. And and you can see their projects around him. Laura Simon's does a fabulous job for them marketing their products and they sell like hot cakes they just they're project out at cults don't feel awful bowling springs road. And my guess is I think there must be about fifty lives and their but I think they probably sell domain. 05. Months four months of crazy and since it's your daily look at other any other part of the question though is how about the duplex. Yeah this place is not some so well common to find. That most most duplex is oh would have been built sometime again so I don't know Jeannie embodied it's currently building. Duplex now. If you shop around their feed. But Damon Torre for that product is not and is. And readily available available price to pay home. And and some of the duplex is that I've seen in the grew market not I wouldn't even claimed to be an expert and give you a long one but. They seem to be more rental verses live on one side and rent the other sat out yeah you know we do we do have a client buying one now unprofessional the slight look. I'm gonna buy it and the east side they're not gonna live the end. Needs and summer Payer Brian said they're gonna buy it new low here than their their handy. And so they're gonna take the time to fix the other side before they before they actually ran it. And you know I thought it was I thought it was going to be challenged. Thumb from an appraisal standpoint but we really didn't have point railing as there there were enough comps up there I don't know we're like kind contrail is fairly close was a closer to downtown north yes yeah and then hand so it it worked out fine I was a little concerned about it yet and there are a number of them damn their remembered that was very popular 3040 years ago chair that duplex type project today we don't see so much you know Spanish course yields on your talking about the financing isn't just get around the let's go back to how question for for you about financing. How does the association play you know until the financing. When you're doing a good. Well anytime you have macondo project Tom as a lender we're going to send them what went into an H a way questioning your. And what Freeney and Freddie when there was a yeah how many of the condos in the project your primary residence or second home vs investment. How many how strongly CH a way financially are there any. Armed tenants or owners that are past due on their HO AD's. Are there around the allegation is there any litigation is there any on you a lot of different things that we're asking insurance what type of coverage. Does so those zodiac Condo project and they have without adequate inch. Our church and saying you know some of the people might be going when JD why does all that matter but they're they're there is that added layer of Maria esque. For the lender yes and that case if the Condo do association gets upside I don't. And has a Bigelow also urged not how it works mismanaged. There is risk to the lender if I put you know fumble but 90% of the money in the deal I have to protect myself against three us concerned there's there's. Risks well and in the you know homeowners typically not responsible for the roof right now responsible for the vinyl siding or the exterior enterprising nature away. Maintains that in someone's not paying their HOA days the of the neck and have made financial. You know impact. On their ability to replace a reform and in today's world JD correct me if I'm wrong but that hey joy can actually foreclose on the property can chaos yes they can and it has happened not likely but he could now what does that threshold for owner occupant ceased to be. Lower they raised it recently well I you know I just cans own it depends on my LTV right stadium in getting once you get below do it seems odd to me below eighty. I think he does platter isn't limited yeah I also say this is long and you're buying the property as they. Primary rigorous review and error for you it does not matter. What the investor concentration ES about staying the best he has and that way loan that's right so I thought I saw some come here and I think about it he thinks through a you know once you got all over the same I think it's 50% to contest I think it was below 50% if no one else can come in and bow winding you've never give back about fifteen deals primarily a ride so yeah that's a logical unchanged at Fannie and Freddie Mae. But Don if you're buying and as an investment property. He still. TSA yeah Cynthia if they can't. It's almost understand nothing and the south. My emea or the money Nigeria South Beach you know work there or build all these I remember going mill near ten years ago twelve years and cranes everywhere he's everywhere here. And my chief your buddies Condo projects in Vegas. You hear wrap these kind of project they had a thousand condos in it. And only eight people were living in the drowning but calls. He had all this speculation money company and nobody abound and nobody goodbye and then all of a sudden people are just Lehman keys in the door you know again so. What do lenders gonna do is they're going to look at that association and they're gonna go through. I mean they're not gonna if it's not like him all of it but it's a questionnaire you send it to the association. Or generally somebody that these are chasing contracts worth. And they tell you those things how many units are they. You know is the developers still involved because that is a big deal trying hasn't been turned over how many people were passed it. What's the financial condition do they have reserves. And if they do have reserved they have enough reserve right and so you're gonna go through that as a lender in and what you'll hear and mortgage Jesus is. Is the project warned to drag and and out JD use a little more he geez here too based on LTV you either have to do a full review. Right right for a streamlined Rory streamlined review. So you got a test for a pop quiz ES. And the pop we always want to pop queen is she's a hero Eddie yeah that's right and that's the first conversation I had with we've got to Klein a mutual client coming down next week a look at downtown condos shares. And and it was the first question that I'm re used to finance kind of financing is different ideas than traditional single family dwelling fanning does a conversation want to find out the someone's looking for a Condo I had that conversation. About you know listen you may be getting gold. But there may be so well writer may not be warned right that's right C needed Alex there in of course a lot of people don't know the difference between a Condo. And they tell them you know Gephardt a whole another conversation and typically he had to make it real simple. The town room includes C dirt underneath it that's from the de Condo is a box in the sky or can be a box on the ground that you don't have mean you can't have there is one project here entails or near the oil and yes it is detached. Thousand condom use. Yes no if you were to drop by and him they would appear to be single family residences that you would expect to be. Well we just referred to as being employed but it's actually. Set up as a Condo now why in the world somebody did that I have no idea disgrace that you've got to know. And NJ he's exactly right when somebody says somebody a Condo or somebody says there about it townhouse. If if the property is attached to other properties. That's the very first piece of research that JD don't do. If the you know as often times the ages already done it but we're gonna get back and we're gonna say okay what is this yet is this a townhouse doesn't include the dirt I got UK is zero lot line candidates is just the dirt underneath the house. With no yard yeah we're still gonna go look that well and then if it's if it's Condit then we're gonna we're gonna plan our our loan a little bit differently. And I'll say this you know I'm not sure a lot of real estate agents or this or even people that are out there looking for homes. You can go look at the deeds own line meanest putter thing. Horizontal property regime drastic ten word negro would get on the deed so he knows that we have about two minutes left let's go to Tony impede my attorney Gerry you've. And are you doing great what can we do for you what I was so why don't mind my daughter. She's. Married. Can perhaps go back about seven years ago and have been raining and they're in the situation whether we'll about past now yup yeah. Where credit is not so good. It's hey is there is a lot better future and no woman is it is put in place Smart but it helped her in some. Yeah let me tell you know exactly where you go only got about a minute left and we just as you're questions are we don't get cut off your money in his show. He may qualify himself. She may or may not qualify what you need to do is armed. Call me during the week Monday to Friday 331 whom the story 314663. Or email me asking JD accounting may mortars are come. Well we will do is a full. Customized mortgage solution we will figure out who qualifies who does it. And is not a matter of if it's a matter we ending may be a situation where her score. May not be an AF provable situation right now. But we may be able to help her maximize her credit score or enhance your credit score enough to qualify and then we can figure out which programs and all led they would Dave. Very complicate not complicated that a complicated answer to an easy question sure and then probably just needs to be discussed you know. They have a calming and loves to talk to a woman I can say exactly what they need to do. We totally got the Wii caught the pass them that's what we Colin says. 31 home carries and one homer haven't email me at ask you JD accounting thing mortgage dot com. We appreciate the call Tony well sort of ahead thin this show we appreciate our listeners techsters in phone calls we'll be back right next week you're listening to health plans.