PREPARE FOR THE COMING YEAR’S TRUST DEED INVESTMENTS

While 2008 promises to be one of the most difficult years in home building, it will also present many opportunities, Hard money loans with land as security and an adequate loan to value ratio that includes the value to make that property developable ie the cost of improvements will be a good investment. Keeping in mind that there will be many distressed land sales in the next two years, most land sales will offer patient investors excellent returns. Those returns can benefit the 1st trust deed investors holding notes on quality land in good locations.

To obtain land investments developers will be looking for hard money to to acquire land where future communities will develop but where appreciation may not occur for the next few years. Indications are that the housing market will not heat up until 2012-13, the closer properties are to employment and retirement centers, the better. Gold Country Commonwealth is working with developers holding property in areas of prime growth. Call us!

JOKE OF THE DAY

LUCKY TRUCKER

A truck driver was driving along on the freeway. A sign comes up that reads, “Low Bridge Ahead”.

Before he knows it, the bridge is right ahead of him and he gets stuck under the bridge. Cars are backed up for miles. Finally, a police car comes up. The cop gets out of his car and walks to the truck driver, puts his hands on his hips and says, “Got stuck, huh?”

The truck driver says, “No, I was delivering this bridge and ran out of gas.”

GET TO THE POINT

It was mealtime during a flight on American Airlines. “Would you like dinner?” the flight attendant asked John, seated in front.

“What are my choices?” John asked.

“Yes or no,” she replied.

GIVE ME A BREAK!

The cop got out of his car and the kid who was stopped for speeding rolled down his window. “I’ve been waiting for you all day,” the cop said. The kid replied, “Yeah, well I got here as fast as I could.” When the cop finally stopped laughing, he sent the kid on his way without a ticket.

THE UNEMPLOYMENT CYCLE

Currently bank assets are deflating, fed rates are down but banks are not lending money at the lowest rates possible. Banks are trying to recoup their losses from the defaults in the spread of rates they offer. Without home financing there is no housing market, period. People need to be able to qualify to purchase a home based on take home pay. If the government overburdens employers with new taxes for government programs thereby reducing business profitability you will have private sector engine slowing causing unemployment.

FAMILY STORY

I thought my son was lazy when he was a kid, he proved me wrong. Now he is going to school at 7 am to 12:30, then off to work 1 pm to 10 pm six days a week. That’s my Boy!

BUSINESS INFO

FOR LOAN SERVICING OR HARD MONEY LOANS CALL SIMON GRANVILLE AT GOLD COUNTRY COMMONWEALTH (877) 795-9282

R.E. Broker Lic. # 01818669 Calif. Dept. of R.E.