Raising Rates, South Beach Project, Back to Basic Workshop

The team this time talked about why they are not raising rates and Joe said that it is because retail sales have slowed down so if they raised rates, that would slow down the retail sales even more. They also talk about how the price of gas affects the decision of people on where they would want to live.

During the course of the show Joe and the rest of the team took a call from Ted who asked which option is best if he’s going to buy his son a condo while he is in college. Mau advised that it would be better if he and his son co-owns the condo so he could grow his own credit. Another caller called asking about property tax which got the team discussing how high property taxes are in several states, and their view on House Bill 750.

Lastly, the team talked about what you would need to get if you are going to be invest with a developer, specially if you are going to be an outside investor.

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