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#1
posted to rec.boats
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Building your own home
On Dec 29, 3:10*pm, wrote:
On Mon, 29 Dec 2008 11:36:01 -0800 (PST), wrote: On Dec 29, 2:22*pm, wrote: On Mon, 29 Dec 2008 11:13:15 -0800 (PST), wrote: On Dec 29, 1:50*pm, wrote: On Mon, 29 Dec 2008 12:03:49 -0500, "Reginald P. Smithers III, Esq." wrote: We are thinking about using this downturn in the housing market to build a new home, and acting as our own General Contractor. *Has anyone in the group done this and do they have any words of advice? At present, you can buy an existing house for less than you can build it. So? That has little to do with why a person would want to build their own house as opposed to owning someone elses ideas about what you want. Or, it might be the entire reason, asslick. The OP didn't say why he wanted to build a house. He did mention the economy as a factor. Now tell us all, what do you know about the housing market in Atlanta? Apparently a lot more than you know. As usual, when shown you're an idiot, you instantly start your third grade vulgar insults just like your brother Harry. I didn't say the economy had nothing to do with his decision. DID I? The rest is a non-answer. You don't know a damned thing about the market in Atlanta. If you did, you'd know that in many areas of Atlanta, the market value of houses is still pretty high. Wrong on all counts, Liar.- Hide quoted text - - Show quoted text - Well, really? Prove me wrong. Almost all of Atlanta's areas are in much better shape than the rest of the country. Now, what sources did you use to analyze the situation here? What counties did you research? What are the numbers? Oh, and seeing how I'm "wrong on all counts". Where did I say that the economy had nothing to do with the poster's decision? I know, I've proven what a dummy you are, therefore, let the childish vulgar Harryesque name calling begin. |
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#2
posted to rec.boats
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Building your own home
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#4
posted to rec.boats
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Building your own home
Gene wrote:
On Mon, 29 Dec 2008 12:03:49 -0500, "Reginald P. Smithers III, Esq." wrote: We are thinking about using this downturn in the housing market to build a new home, and acting as our own General Contractor. Has anyone in the group done this and do they have any words of advice? Yes, with three houses and two workshops. Not only was I General Contractor, I was also 50% of the labor. Your only real savings, in this market, will be sweat equity. You can buy cheaper than you can build.... you just have to find an equally desperate mortgagee and mortgagor.... or you could do it the seat equity route, if you have the cash, tools, and a desire to make it happen. No bank is going to let *you* (as their mortgagor) serve as General Contractor unless you hold a contractor's license. Advice? You're crazy to even attempt it...... uh, but wasn't I thinking about adding on to the workshop..... .... Oh, never mind...... It's an incredible burner of time. I had to do it because the general I hired to build a custom home in Northern Virginia turned out to be way overextended financially from previous projects, and could not line up the subs I wanted, and was teetering. Took the builder to court, had a civil jury trial, and won a settlement of more than $100,000. Never collected anything but the builder's license bond from the state. With the help of the lumberyard (who issued the construction bond) and my bank, I took over when the foundation had been laid and the slabs poured, hired a project manager to oversee the subs on salary and bonus, and completed the house just a hair over budget. I had to be on the site for about an hour at 6:30 AM just about every morning. It was a huge house, ultra modern, with four full brick fireplaces, nearly 4000 square feet on the main level, and another 3,000 square feet finished in the basement. I looked it up on Zillow early last year and it was valued at more than $1.5 million. The "crash" of the real estate market apparently hit Northern Virginia hard, because when I looked it up on Zillow earlier this evening, it was valued at about $1.1 million. Just checked the second house I owned in Northern Virgina...it was the one we sold to build the custom house. I paid $87k for it - nice builder's subdivision house - and sold it about five years later for $160,000, I think. Zillow has it at $600,000 and change. Not bad, and the blue spruce trees I planted there in the mid-1970s are at least 40 feet tall and full triple wides. |
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#5
posted to rec.boats
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Building your own home
On Mon, 29 Dec 2008 20:34:39 -0500, Boater wrote:
Gene wrote: On Mon, 29 Dec 2008 12:03:49 -0500, "Reginald P. Smithers III, Esq." wrote: We are thinking about using this downturn in the housing market to build a new home, and acting as our own General Contractor. Has anyone in the group done this and do they have any words of advice? Yes, with three houses and two workshops. Not only was I General Contractor, I was also 50% of the labor. Your only real savings, in this market, will be sweat equity. You can buy cheaper than you can build.... you just have to find an equally desperate mortgagee and mortgagor.... or you could do it the seat equity route, if you have the cash, tools, and a desire to make it happen. No bank is going to let *you* (as their mortgagor) serve as General Contractor unless you hold a contractor's license. Advice? You're crazy to even attempt it...... uh, but wasn't I thinking about adding on to the workshop..... .... Oh, never mind...... It's an incredible burner of time. I had to do it because the general I hired to build a custom home in Northern Virginia turned out to be way overextended financially from previous projects, and could not line up the subs I wanted, and was teetering. Took the builder to court, had a civil jury trial, and won a settlement of more than $100,000. Never collected anything but the builder's license bond from the state. With the help of the lumberyard (who issued the construction bond) and my bank, I took over when the foundation had been laid and the slabs poured, hired a project manager to oversee the subs on salary and bonus, and completed the house just a hair over budget. I had to be on the site for about an hour at 6:30 AM just about every morning. It was a huge house, ultra modern, with four full brick fireplaces, nearly 4000 square feet on the main level, and another 3,000 square feet finished in the basement. I looked it up on Zillow early last year and it was valued at more than $1.5 million. The "crash" of the real estate market apparently hit Northern Virginia hard, because when I looked it up on Zillow earlier this evening, it was valued at about $1.1 million. Just checked the second house I owned in Northern Virgina...it was the one we sold to build the custom house. I paid $87k for it - nice builder's subdivision house - and sold it about five years later for $160,000, I think. Zillow has it at $600,000 and change. Not bad, and the blue spruce trees I planted there in the mid-1970s are at least 40 feet tall and full triple wides. LOL! -- ** Good Day! ** John H |
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#6
posted to rec.boats
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Building your own home
Boater wrote:
Gene wrote: On Mon, 29 Dec 2008 12:03:49 -0500, "Reginald P. Smithers III, Esq." wrote: We are thinking about using this downturn in the housing market to build a new home, and acting as our own General Contractor. Has anyone in the group done this and do they have any words of advice? Yes, with three houses and two workshops. Not only was I General Contractor, I was also 50% of the labor. Your only real savings, in this market, will be sweat equity. You can buy cheaper than you can build.... you just have to find an equally desperate mortgagee and mortgagor.... or you could do it the seat equity route, if you have the cash, tools, and a desire to make it happen. No bank is going to let *you* (as their mortgagor) serve as General Contractor unless you hold a contractor's license. Advice? You're crazy to even attempt it...... uh, but wasn't I thinking about adding on to the workshop..... .... Oh, never mind...... It's an incredible burner of time. I had to do it because the general I hired to build a custom home in Northern Virginia turned out to be way overextended financially from previous projects, and could not line up the subs I wanted, and was teetering. Took the builder to court, had a civil jury trial, and won a settlement of more than $100,000. Never collected anything but the builder's license bond from the state. With the help of the lumberyard (who issued the construction bond) and my bank, I took over when the foundation had been laid and the slabs poured, hired a project manager to oversee the subs on salary and bonus, and completed the house just a hair over budget. I had to be on the site for about an hour at 6:30 AM just about every morning. It was a huge house, ultra modern, with four full brick fireplaces, nearly 4000 square feet on the main level, and another 3,000 square feet finished in the basement. I looked it up on Zillow early last year and it was valued at more than $1.5 million. The "crash" of the real estate market apparently hit Northern Virginia hard, because when I looked it up on Zillow earlier this evening, it was valued at about $1.1 million. Just checked the second house I owned in Northern Virgina...it was the one we sold to build the custom house. I paid $87k for it - nice builder's subdivision house - and sold it about five years later for $160,000, I think. Zillow has it at $600,000 and change. Not bad, and the blue spruce trees I planted there in the mid-1970s are at least 40 feet tall and full triple wides. Again, you are telling lies. You can't prove either home was owned by you and that the "big house" was built for or by you. |
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#7
posted to rec.boats
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Building your own home
BAR wrote:
Boater wrote: Gene wrote: On Mon, 29 Dec 2008 12:03:49 -0500, "Reginald P. Smithers III, Esq." wrote: We are thinking about using this downturn in the housing market to build a new home, and acting as our own General Contractor. Has anyone in the group done this and do they have any words of advice? Yes, with three houses and two workshops. Not only was I General Contractor, I was also 50% of the labor. Your only real savings, in this market, will be sweat equity. You can buy cheaper than you can build.... you just have to find an equally desperate mortgagee and mortgagor.... or you could do it the seat equity route, if you have the cash, tools, and a desire to make it happen. No bank is going to let *you* (as their mortgagor) serve as General Contractor unless you hold a contractor's license. Advice? You're crazy to even attempt it...... uh, but wasn't I thinking about adding on to the workshop..... .... Oh, never mind...... It's an incredible burner of time. I had to do it because the general I hired to build a custom home in Northern Virginia turned out to be way overextended financially from previous projects, and could not line up the subs I wanted, and was teetering. Took the builder to court, had a civil jury trial, and won a settlement of more than $100,000. Never collected anything but the builder's license bond from the state. With the help of the lumberyard (who issued the construction bond) and my bank, I took over when the foundation had been laid and the slabs poured, hired a project manager to oversee the subs on salary and bonus, and completed the house just a hair over budget. I had to be on the site for about an hour at 6:30 AM just about every morning. It was a huge house, ultra modern, with four full brick fireplaces, nearly 4000 square feet on the main level, and another 3,000 square feet finished in the basement. I looked it up on Zillow early last year and it was valued at more than $1.5 million. The "crash" of the real estate market apparently hit Northern Virginia hard, because when I looked it up on Zillow earlier this evening, it was valued at about $1.1 million. Just checked the second house I owned in Northern Virgina...it was the one we sold to build the custom house. I paid $87k for it - nice builder's subdivision house - and sold it about five years later for $160,000, I think. Zillow has it at $600,000 and change. Not bad, and the blue spruce trees I planted there in the mid-1970s are at least 40 feet tall and full triple wides. Again, you are telling lies. You can't prove either home was owned by you and that the "big house" was built for or by you. Awww, I'm supposed to be concerned about proving things to right-wing trash like you? Please. |
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#8
posted to rec.boats
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Building your own home
Boater wrote:
BAR wrote: Boater wrote: Gene wrote: On Mon, 29 Dec 2008 12:03:49 -0500, "Reginald P. Smithers III, Esq." wrote: We are thinking about using this downturn in the housing market to build a new home, and acting as our own General Contractor. Has anyone in the group done this and do they have any words of advice? Yes, with three houses and two workshops. Not only was I General Contractor, I was also 50% of the labor. Your only real savings, in this market, will be sweat equity. You can buy cheaper than you can build.... you just have to find an equally desperate mortgagee and mortgagor.... or you could do it the seat equity route, if you have the cash, tools, and a desire to make it happen. No bank is going to let *you* (as their mortgagor) serve as General Contractor unless you hold a contractor's license. Advice? You're crazy to even attempt it...... uh, but wasn't I thinking about adding on to the workshop..... .... Oh, never mind...... It's an incredible burner of time. I had to do it because the general I hired to build a custom home in Northern Virginia turned out to be way overextended financially from previous projects, and could not line up the subs I wanted, and was teetering. Took the builder to court, had a civil jury trial, and won a settlement of more than $100,000. Never collected anything but the builder's license bond from the state. With the help of the lumberyard (who issued the construction bond) and my bank, I took over when the foundation had been laid and the slabs poured, hired a project manager to oversee the subs on salary and bonus, and completed the house just a hair over budget. I had to be on the site for about an hour at 6:30 AM just about every morning. It was a huge house, ultra modern, with four full brick fireplaces, nearly 4000 square feet on the main level, and another 3,000 square feet finished in the basement. I looked it up on Zillow early last year and it was valued at more than $1.5 million. The "crash" of the real estate market apparently hit Northern Virginia hard, because when I looked it up on Zillow earlier this evening, it was valued at about $1.1 million. Just checked the second house I owned in Northern Virgina...it was the one we sold to build the custom house. I paid $87k for it - nice builder's subdivision house - and sold it about five years later for $160,000, I think. Zillow has it at $600,000 and change. Not bad, and the blue spruce trees I planted there in the mid-1970s are at least 40 feet tall and full triple wides. Again, you are telling lies. You can't prove either home was owned by you and that the "big house" was built for or by you. Awww, I'm supposed to be concerned about proving things to right-wing trash like you? Please. You are seeking acceptance from some here in the group. However you feel that you need to puff up your life's accomplishments to gain that acceptance rather than just being a normal guy. Your outrageous claims draw many to analyze your alleged accomplishments. Those who do the analysis have actually done what you claim to have done and immediately call bull****. |
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#9
posted to rec.boats
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Building your own home
BAR wrote:
Boater wrote: BAR wrote: Boater wrote: Gene wrote: On Mon, 29 Dec 2008 12:03:49 -0500, "Reginald P. Smithers III, Esq." wrote: We are thinking about using this downturn in the housing market to build a new home, and acting as our own General Contractor. Has anyone in the group done this and do they have any words of advice? Yes, with three houses and two workshops. Not only was I General Contractor, I was also 50% of the labor. Your only real savings, in this market, will be sweat equity. You can buy cheaper than you can build.... you just have to find an equally desperate mortgagee and mortgagor.... or you could do it the seat equity route, if you have the cash, tools, and a desire to make it happen. No bank is going to let *you* (as their mortgagor) serve as General Contractor unless you hold a contractor's license. Advice? You're crazy to even attempt it...... uh, but wasn't I thinking about adding on to the workshop..... .... Oh, never mind...... It's an incredible burner of time. I had to do it because the general I hired to build a custom home in Northern Virginia turned out to be way overextended financially from previous projects, and could not line up the subs I wanted, and was teetering. Took the builder to court, had a civil jury trial, and won a settlement of more than $100,000. Never collected anything but the builder's license bond from the state. With the help of the lumberyard (who issued the construction bond) and my bank, I took over when the foundation had been laid and the slabs poured, hired a project manager to oversee the subs on salary and bonus, and completed the house just a hair over budget. I had to be on the site for about an hour at 6:30 AM just about every morning. It was a huge house, ultra modern, with four full brick fireplaces, nearly 4000 square feet on the main level, and another 3,000 square feet finished in the basement. I looked it up on Zillow early last year and it was valued at more than $1.5 million. The "crash" of the real estate market apparently hit Northern Virginia hard, because when I looked it up on Zillow earlier this evening, it was valued at about $1.1 million. Just checked the second house I owned in Northern Virgina...it was the one we sold to build the custom house. I paid $87k for it - nice builder's subdivision house - and sold it about five years later for $160,000, I think. Zillow has it at $600,000 and change. Not bad, and the blue spruce trees I planted there in the mid-1970s are at least 40 feet tall and full triple wides. Again, you are telling lies. You can't prove either home was owned by you and that the "big house" was built for or by you. Awww, I'm supposed to be concerned about proving things to right-wing trash like you? Please. You are seeking acceptance from some here in the group. Nope. I don't give a **** what you or your enablers here think. Not a whit. Nada. Zip. You, Herring, DK, Loogy, Ruptured Pontoon, Reggie, et cetera, are nothing more than the dog**** one must step over when out for a walk. There are fewer than a half dozen posters here I consider decent human beings, but I doubt I'll ever meet more than one or two of them in person because of distances. |
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#10
posted to rec.boats
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Building your own home
Boater wrote:
BAR wrote: Boater wrote: Gene wrote: On Mon, 29 Dec 2008 12:03:49 -0500, "Reginald P. Smithers III, Esq." wrote: We are thinking about using this downturn in the housing market to build a new home, and acting as our own General Contractor. Has anyone in the group done this and do they have any words of advice? Yes, with three houses and two workshops. Not only was I General Contractor, I was also 50% of the labor. Your only real savings, in this market, will be sweat equity. You can buy cheaper than you can build.... you just have to find an equally desperate mortgagee and mortgagor.... or you could do it the seat equity route, if you have the cash, tools, and a desire to make it happen. No bank is going to let *you* (as their mortgagor) serve as General Contractor unless you hold a contractor's license. Advice? You're crazy to even attempt it...... uh, but wasn't I thinking about adding on to the workshop..... .... Oh, never mind...... It's an incredible burner of time. I had to do it because the general I hired to build a custom home in Northern Virginia turned out to be way overextended financially from previous projects, and could not line up the subs I wanted, and was teetering. Took the builder to court, had a civil jury trial, and won a settlement of more than $100,000. Never collected anything but the builder's license bond from the state. With the help of the lumberyard (who issued the construction bond) and my bank, I took over when the foundation had been laid and the slabs poured, hired a project manager to oversee the subs on salary and bonus, and completed the house just a hair over budget. I had to be on the site for about an hour at 6:30 AM just about every morning. It was a huge house, ultra modern, with four full brick fireplaces, nearly 4000 square feet on the main level, and another 3,000 square feet finished in the basement. I looked it up on Zillow early last year and it was valued at more than $1.5 million. The "crash" of the real estate market apparently hit Northern Virginia hard, because when I looked it up on Zillow earlier this evening, it was valued at about $1.1 million. Just checked the second house I owned in Northern Virgina...it was the one we sold to build the custom house. I paid $87k for it - nice builder's subdivision house - and sold it about five years later for $160,000, I think. Zillow has it at $600,000 and change. Not bad, and the blue spruce trees I planted there in the mid-1970s are at least 40 feet tall and full triple wides. Again, you are telling lies. You can't prove either home was owned by you and that the "big house" was built for or by you. Awww, I'm supposed to be concerned about proving things to right-wing trash like you? Please. Don't bother. Continue with the lies. Anyone with a brain is aware of your narcissistic bull**** by now. |
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