New Home Construction

Awesome stuff guys. Things are turning.

Here in AL also. Montgomery (and adjacent counties) seeing some new construction. Residential (several new subdivisions) and commercial (apts). BD & Planning meeting minutes last week included proposals for new businesses, land rezoning from agr. to comm. with mulitple site plan proposals. Also to include plans to build new apartment complexes on the East side.

Growth is good!

Jen

That is right growth is good. I seen that the Chicago area is starting to build new homes again also. We want to buy up some more houses before the prices start to go back up. There is no better time than now to buy investment properties.

Steve.

And All God's children said AMEN!

Yes, definately with you on buying more properties!! We still got plenty to rack up on before any significant turn. Heck, it's like fishing in a bucket! lol! lot of great stuff out there right now.

Jen

Slowly but surely, you can get a new constructed house starting at $80k here. But, you're right. The time to buy is now, while the getting is good.

New house for 80k that's awesome. Now is to buy the fixers that can be fixed up and sell for just under what new construction cost.

Steve.

Hey Steve,

We do see some new houses being built but its scattered and not to many. There are alot of subdivisions that only have a few houses in them, or have alot of houses but some empty lots, there are some subdivisions that are built but no houses, have wondered if buying something like that might be a good investment for later on to build on. My realtor is telling me we have 1000's of homes about to flood the state that banks have been holding on to.

I've heard that before, somewhere. There 's a small subdivision in Casa Grande that the builder went bankrupt? Now there are three new homes (broken into) just sitting there. I wish I could find out a way to see if it's something to leave alone, or something to check into? It's a shame... none of them have address, but the streets are named. One investor cautioned me not to even mess with it 6 months ago. Shoulw I take his advice?

In one of Deans books he talks about some students that bought 6 homes from a builder a few years ago.

The point I was trying to make is when new houses are going up after nothing for a few years, we should be going in an up swing in the housing market. Don't miss out on buying houses now before it is to late. At least for the real good deals.

Steve.