Caleb Yamanaka's Discussions

What is fascinating is that nobody, from the bottom up, and I’m talking the professionals, here ever in any meaningful way, questioned it. I suppose, the appraisers will continue to appraise, the brokers will continue to finance, and the realtors will continue to sell, so maybe there was no incentive to question. What facinates me is the notion that it is solely the professionals job.  The idea that the market is the way it is and owners are in the position they are in is not partly to blame on individuals "gold rush" fever to invest in real estate.  There is a reason that a large portion of the foreclosures seem to be more localized then other areas and that relates directly to the culture of that specific area.  Las Vegas, high foreclosure, very fast paced, high risk development, high risk investment.  Honolulu one of the lowerst foreclosure rates in nature, culture tends to be conservative not so many "funny" loans.  Same lenders, same standards, different culture.  While the industry is partly to blame in that it has lended itself to predatory practices, to try and lump a profession as a whole, is being dishonest and not taking some of the blame unto yourself.

What is fascinating is that nobody, from the bottom up, and I’m talking the professionals, here ever in any meaningful way, questioned it Sorry to beat a dead horse, but unfortunately there are no stats of clients who have been counseled to buy less house.  To put a larger down payment.  Those who continue to make their payments and are in homes that they can truly afford.  There are always two sides to the coin, but nobody focuses on the other side.  Someone should put a face and number to those have made good investments and have been counseled correctly.

Honolulu one of the lowerst foreclosure rates in nature. meant... Honolulu one of the lowest foreclosure rates in nation.

What a horribly bad suggestion. You should know where they chips are going to fall before you jump in. I think its pretty obvious from the events of the past few years that you can never truly know where "the chips may fall".  All you can do is do your research, create a plan and implement the plan.  Execution and analysis are the two key factor here.  You will never be able to truly know where the market will go for each individual investment, you can only make the best educated decision. I don't understand how that is a horribly bad suggestion.  You should read my past posts on this string, I don't think I've ever said "just jump in without education yourself".

Hi Brent, You can email me.  I'm not interested in joining or starting a Keller Williams brokerage, more so I just want to know what people dislike so much about them and on the flip side, what is it that makes it so great. I'm always interested to know how other brokerage run.

Neither investment opportunity sounds very good.  The first doesn't even have anything but promise on return which looks more like an infomerical.  The second investment looks bad.  On unfinished homes my clients are looking for a conservative projected return of 100% on initial investment.  Way to risky in a downward trending market to have the most expensive home on the block and not even have it ready for sale.  Appraised price means nothing.

Notsure

Not

Banks will not refinance an unfinished home in my area, which would severly limit your buyer pool.

I don't know about your area, but here the Escrow companies include refinances as closed escrows.