Serious Question.Real Estate Investing?
Question:
I know that now is not a well brought-up time to try to flip houses... I also know that houses are being foreclosed on everywhere, next to this being a buyer's marketplace, would it be a good model to purchase a few homes at rock bottom prices and rent them out for a few years? Since creditors are being more restrictive abundantly of folks are being forced to rent instead of own. Any thoughts?
Answers:
This is what I am doing, increasing my inventory, not selling anything. I am not buying flippers though, at hand are planty of homes that are ready to move surrounded by (rent out) that are selling for below the rental market. You have need of to pencil it out, cost vvr income to determine if it is a wise move for you.
3 bedroom houses are the easiest to keep hold of rented, as families tend to move contained by.
There are investors out there snapping up bargain from motivated sellers, short sale and foreclosures.
For the novice flippers, I don't chew over this is a good time to take into the flipping market. With adjectives the TV programs creating flipping hype, it is driving up the price of prospective properties. If a novice pays too much and invests too much, next the property has alot of days on souk, this can spell financial disaster. But for those with a solid education of the risks and nature of flipping, presently is as good a time as any.
You could do that, but you better brand sure you have the money first. Being a property owner and tenant takes plentifully of work, when things break down at anytime (24/7/365) you are one who gets the name. If you do become a landlord, net sure you check out your tenants thoroughly because as you said, everyone is have to rent nowadays so that is to say an open book to those who construe they can get away beside things.
Flipping house can be a very expense occupation near surprises from unknown termite infestion, and problems may arise with mortgage lend institution, failed inspection,etc I would a purchase rehab loan thry www.wellsfargo,com
It is a buyers open market so you will to be to helod motgage awhile
Anytime the rents in your nouns will cover your mortgage, it is a good thought to buy and rent. If you are getting a property with lots of equity and a solid fate of flipping or renting for a profit or small loss, then do it. It is the fastest channel to make money. Just do not underestimate the amount of work involved.
I recommend reading "The Millionaire Real Estate Investor" by Gary Keller. Keller Williams Realty also have a MREI (millionaire real estate investor) workshop specifically available to people who are not agents as economically as those who are. If/when you decide to win into flipping, Rick Villani wrote a great book called "Flip".
Yes you are right, presently is a good time to buy if you are not thinking nearly flipping the property in a few month. And yes you will know how to cover some of your monthly costs with rent coming contained by as well.
Can somebody share me what is it that you do on each day cause as an Agent or a Realtor?
Question:
I would appreciate any sucessfull agent to tell me for a while about generate business as I am new and don't enjoy much to do besides mailings and e-mails. And I attain activities sometimes what else to be exact to it?
Answers:
I have be in the business 31 years as a Broker.
Daily Routine Mon-Sat
01. Call Expireds
02. Mail Out post, postcards
03. Preview local new listings.
04. Prepare to close existing Pending Sales.
05. prospect prospect, prospect
06. Call FSBO's.
07. Market existing inventory to dozens and dozens of websites, ocular tours etc.
08. Call sellers and grant updates, ask for price reductions.
Door to Door once a week surrounded by neighborhoods.
I average a sold property every 10 day's.
Sleep -- then drink alcohol! :)
If your ask is generating business:
-Hold Open Houses
-Advertise listings for other agents (with permission)
-Door knock
-Call on expired listings
-Call on listings that didn't provide (where there is no contractual agreement anymore)
Most of my business comes from magazine ad.
-Jason
Like the first to said, knock on doors, chase fsbo's and expired. You could also hold open houses for other agents, and attain buyers that way. Seasoned agents do not similar to to hold open houses, but they love others to do it for them.
RE Agent,
Remax
Building relationships is what brings you business. Meet race and develop relationships, become active surrounded by your community. It may not bring you business today, but it will bring you business.
What you should do being hot to the game is do what I see greatly of agents doing to me. Go into your local banks and speak to the lend consultants and develop a relationship with them. Lending consutlants close to myself so more traffic and get more business consequently real estate agents simply because we enjoy a bigger pool to pull from. I contract with purchases, refi's, and home equity. People that involve to refi or do a home equity often times re-invest it into buying modern property.
Does anyone know a great website beside foreclosure properties listings anywhere surrounded by U.S?
Question:
does anyone know a great website with foreclosure properties listings anywhere contained by U.S or even cheap properties ? thanks .
Answers:
bidselect.com have a list of properties by city and state. it's free but you must be a concrete estate agent or broker in direct to bid on the properties. hope this helps.
There isn't one that I know of. Foreclosure sites are not set for their accuracy. I assume they verbs the information from pre-foreclosure notices, and copious of those properties don't make it to the auction block.
Don't miss out on what plentiful people are doing to hide away up to 80% off your foreign home. Many listings available in this nouns! Now is the time to buy!
http://govntforeclosures.blogspot.com...
Is at hand any canon prohibiting the owner of the house to rent rooms?
Question:
Answers:
There are usually no laws preventing this (you'd enjoy to check local ordinances), but there are PLENTY of homeowners associations that do not allow renters. Those can be found within your homeowners association bylaws.
Most cities/counties have a license you enjoy to get (usually around $50) surrounded by order to rent out any property, so spawn sure you check with your local court house.
uh, no. what do you reflect on an apartment, hotel, or any other rental property is?
I highly doubt it. It is a pretty adjectives practice. Maybe some homeowner's associations have rules that prevent it though.
There can be, if your house is surrounded by an area zoned for single domestic residential.
No not at all I hold two room rent out at my house and it help out alot too
no as long you follow the rules and regulations estblished by your city, be really carefull especially the nouns regualtions and rent control if you have any.
build sure you have a writting agreement to avoid problems surrounded by the future
No decree!! IF you own the house, you can do whatever you choose!!
No at hand is not
Well I suppose you have to consider that law certainly transmute from state to state. I am familiar near the state of Kansas laws. The Kansas Residential Landlord Tenant Act (KRLTA) might provide you near some information or at least point you surrounded by the right direction. There is a website where you can check that out.
www.hcci-ks.org/tenanthelp.htm
There are, they are portion of the zoning laws. You own to have zoning for multiple family. THere are also local laws dealing next to how many unrelated associates can live in one part, as well as how abundant related people (differant limits).
Your mortgage company will own serious issues with this if you are not living surrounded by the property as well.
Any REAL ESTATE experts here?
Question:
I made a written offer to buy a co-op part and it got agreed. the seller's attorney is drafting the contract now. the kitchen of the component needs some repairs and i be thinking i should have asked a $3000 credit at closing for some repairs surrounded by the written offer. is it too overdue to ask for this from the seller presently?
thank you
p.s. - please let me know if you're an attorney, physical estate agent etc. so i know where you're coming from . appreciation again
Answers:
Oregon Real Estate broker here, telling you that you are in a minute trying to renegotiate the offer. Unless you enjoy some contingencies about approving the home inspection, you are bound by what you committed to.
As a CA TRUE estate broker, my response would be you made an offer and it be accepted, if the attorney is drafting the contract ,is your set aside in writing near acceptance by the seller?
Will you be getting a home inspection, which make bring just about some of your concerns ie health & safekeeping issues.
It does not look like you have any form of representation and your the one that made the offer.
You can ask for a credit and its up to the seller to accept reject or counter your request.
A contract is a contract.
Good luck
Well, yes, it is. Because once the contract be accepted, the seller also accepted the vocabulary.which was according to you, no repair contingencies.
It may even be the singular reason your contract be accepted, because i.e. very attractive to a hawker.
I'm a Real Estate Broker and own my own business.
you say you made a written submission...but seller's atty is drafting a contract? the credit you want can be included in the unsullied contract upon your request if the language contained by your existing "written offer" is labeled as "non legally binding" until a sale agreement is signed by both parties. I don't muse its too late to modify your proposal, but you may risk the deal if the dealer is not willing to offer you the credit.
you can try asking but it's too late, when the treaty was made it be made without the guarantee of fixing the kitchen. if you fund out on the deal, he can sue you for the house plus other fees because you fruitless his time and time is money so he can sue you more then what the house is for. best piece to do is try asking the other person, and if the other personage feels noble then he might jump for it. but there is no incentive for the other personage to do something like that. and the concord is already sealed vocally.
i am a business major, and my inherited deals contained by real estate. i have to take business tenet, so i know what can happen to you if you posterior out.
In short, its to late.
RE Agent, Remax
Wisconsin material estate broker advising you that you ask for the credit contained by the offer to purchase. Once the grant to purchase is accepted and signed by both party, there is a valid contract to complete on the duties of both parties.
You can ask for a credit presently, but the seller is below no obligation to accommodate your request.
Finding housing?
Question:
trying to find houses/ trailors for rent in a town over the internet and am not have any luck any ideas for sites?
Answers:
You can contact a local realtor contained by the town that you want to rent in. With the marketplace the way it is, here are a lot of rentals available thru multiple list services and a realtor can set up a search for you base on your criteria, and email you the information and then walk show you all the renatals you are interested within. There would be no cost to you except the normal cost of a credit report required by most landlords. I am a realtor and I lately helped a relocation couple find a rental. I be able to show them 12 inwardly a few hrs...and then I help them write the contract & negotiated some extras for them. They said it be wonderful, as the appointments they had made over the internet did not show up at the property to show them and it be pretty frustrating to call several individuals and time the meeting for each rental. Good Luck!
Try: www.rent.com The site covers most places within the US. Hope that helps!
try this site if you haven't however. It's Free. http://www.coldwellbanker.com/real_estat...
Hope this helps you and your family circle.
Looking for existing estate on the east coast explicitly by the sea and also practical the mountains.?
Question:
My husband and I are looking to move to a warm weather climate where on earth we can live on the water (large satisfactory for boating) but also have mountains in the neighbourhood by. We would like I place 30-45 minutes from a highest city but 5-10 minutes from a grocery store/shopping. We would like a planned community/gated is a bonus. We are contained by our 30's with infantile children. The more specific you can be the better. Any ideas are appreciated!
Answers:
You stipulation to look into Lake Keowee in South Carolina. It is a attractive lake surronded by mountains. It is without doubt gorgeous. I think Greenville is nearly 45 min away and there is a close grocery store. There are some gated communities up near. It is in Oconee County.
I'm not sure of specific neighborhoods and whatnot, but the Pocconos surrounded by Pennsylvania offer skiing/snowboarding during season, tons lakes big ample for boating and watersports, close to Philadelphia and NYC, as well as driving distance from the shore.
Now, if you're looking for a "thaw weather" climate all year beside mountains and don't care for the snowsports, at hand are many excellant values for homes on or by the shore within North Carolina. I cannot recall how far the mountains are, but in attendance are mountains there. Then again, NC is a big state so I could be agency off podium here.
Best of luck.
Look in the foothills of North Carolina practical one of the local dams or lake. W. Kerr Scott Dam, Lake Norman, ect. Beautiful area!
Florida: How do I agreement next to a contractor that overcharges me & threatens to sue within small claims court?
Question:
Agreed to complete by specific date because nec. for code. Did not do anything by agreed date. Agreed to a maximum price but then charged more than double short completing the job. Refused to investigate errors and complete post. Has been harrassing me by phone, email & post. Now threatening to sue in small claims court. Also misrepresented his license origninally and his rank of success. Said he could do anything but in truth only licensed drawing contractor . Said he was incredibly successful, now claims outlay from this small post is halting his business. What is best way to put an completion to his annoying behavior without paying blackmail. I can not stir to small claims court because I am out of the area and disabled.
Answers:
Let him sue you and when your served report a countersuit for damages
I am selling my home within California on my own, no realtor. What forms do I obligation to own the buyer sign?
Question:
The buyer also is not using a realtor. What forms do we need? What is the process?
Answers:
I hold sold 13 homes in my life span and none with the give a hand of a RE agent. It's not that hard. You will obligation a earnest money agreement and a purchase sales contract and a title company. You and the buyer will sit down and flood out both forms. The earnest money is to show good belief deposit and the buyer will give you a check the amount is up to you. The purchase sale contract states who pays what, what stay in the house and the jargon of the contract. Contact a local tile company and they should have adjectives the forms you need, they will also totter you through the process. All RE agents will tell you not to do it, because they want the index and want your money. It's not that hard. I deem all agent are over rewarded for the work they do. I think they should be rewarded on the percent of equity and not on the price of the house. What does the price of the house have to do near anything, when it's money owed to a mtg. when it comes to what you have to reimburse the broker and agent? Go for it, you can do it.
this, to me, is a foolish step.
people can put in the picture you what forms to use...but there is more to the transaction than forms. There is a negotiation, in that is an inspection, there is lots laws that yu are uninformed of , and there is closing.
my direction, unless you are skilled in this area---you involve to stop and get a licensed TRUE estate agent.
if you do not.then you are possibly looking at problems down the road...what problems? who know...only a REA will will be capable of walk you through in need problems.
do you know if there are any liens on this property?
hold you done a home inspection survey?
have you done a title scour?
i rest my case
biddable luck :)
With todays litigious population better use a realtor.
When I sold mine I had signed and they signed so heaps documents and some had to be notorized.I thought I be making a novel.
Congratulation, if you hold a buyer and you done with your negotiation, you uncooperatively need a attorney. He will write a contract and adjectives the discloses, he will arrange the closing, he will hold the escrow for earnest money, he will get the payoff if you hold a mortgage, and he will follow up buyer with his financing. You merely can't do this by your self. I would recommend that buyer will get the attorney , so you transaction will hold a happy finish.Good Job!
And Good Luck!
If you are not going to use a realtor, at least enjoy a real estate attny draw up the contract for you. Otherwise you are simply asking for some legitimate trouble in the long run.
I enjoy one that I use for special situations. He is very righteous, and doesn't charge a ton. His name is David Rodriguez, and you can email him at david@rodlaw.com Just notify him Ron from mira mesa sent you.
LOL. I laugh because if you do not know what forms to use, I am sure this will never put together it to the closing table. You should have started by getting a Realtor, but at this point capture a lawyer. All the forms you obligation are prob available at staples or office max
Ok..please don't judge I am being disrespectful here, because I'm not...but this is what we call upon in the industry as the "blind overriding the blind".
At minimum, get a Real Estate attorney to draw up the docs for you...if you use them for closing on your subsequent property that you buy, he may actually do it for free or minimal cost.
The biggest confront you will have, is not knowing if the buyer can certainly get loan approval...pre-approval post are not worth the paper they are written on as they adjectives come with conditions...the request for information is...can your buyer meet those conditions? This is chunk of what a Realtor will do for you. Just something to keep contained by mind.
If you are an unseasoned seller, it's a mistake to do this in need at minimum, a RE Attorney.
The process is to call a Realtor. You guys are a perfect example of why Realtors are needed.
i know you don't want to pay the 6 percent finders charge for an agent, right? so you want to try and sell the house, where on earth you already have a buyer. okay, first jump straight to an escrow company with the peddler, and they will take perfectionism of it for you. it will cost you not as much as a real estate agent. what escrow can do is give support to with adjectives the paper works prerequisite for the seller to cart over the house. agents don't draft legal documents for you to deal in the house, the agent takes you and the buyer to the escrow company where on earth you sign all crucial paperwork, and the escrow company makes sure that the buyer won't put a bet on out by making the buyer deposit alot of money. where if the buyer back out, you collect that money. BUT while in the process of transferring your home to the buyer, if the escrow company finds some gentle of problems like unpaid debts that are associated to the home, the buyer can back out, and you would not know how to do nothing.
You can seize the forms from a title company or any decent department supply store, they are fill within the blank boilerplate forms.
Have a RE attorney look over everything before you sign, this little investment can recover you thousands. Remember, it is a litigious society, this person smiling and signing immediately is the same one that can slap you near a ugly regulation suit down the road.
Why would you NOT use a Realtor? If its to save money, next your opening yourself up to SO oodles lawsuits. When dealing with hundreds of thousands of dollars, you want to trademark sure that you are protected. There are several disclosures that you and the buyer need to sign lying on the contract itself. It is foolish of you to try and do this on your own. Get a Realtor and get representation. Would you run to court and represent yourself?
Living within Jacksonville Florida?
Question:
Hello I was wondering is Jacksonville Florida really nice, not dangerous, affortable as they say. Is it a comfortable living . Also are nearby any nearvy colleges, children school, shopping malls..Whats within the area contained by genreal
Answers:
I lived there partly of my life, it is a huge city, lots to do heaps adjacent cities such as St. Augustine, Mandarin, Riverside/Avondale, Jax Beach, San Jose. There is not greatly of malls per say but lots of strip malls.
Safe depends on where on earth you live, so does affordable. There are many restricted private schools. If you would close to to email me I can tell you more nearly your searches where on earth to go or not to step. North Florida and South Florida have separate cultures and different kind of folks. It is so nice you will be so close to Georgia. Hope this helps.
I've lived here surrounded by Jacksonville for 6 yrs., and there's a lot of right and bad points to the nouns. Most areas seem to be pretty restrained, but there are a few soaring priced areas. There's a lot of children's school in the nouns, but I won't know much about them (no kids). There are 3 through colleges nearby...Jacksonville University and the University of North Florida are within the city, and the University of Florida is about an hour's drive away contained by Gainesville. Most people that move here tend to settle on areas within either Clay or St. John's County (to the south, but not more than a 20 min. drive) because at hand tends to be smaller quantity congestion. There's a lot of shopping contained by the area as ably...so far there are 3 indoor malls, 1 town center (outdoor, next to another being instructed right now), and a mixture of other shopping centers. St. Augustine (30 min. to the south) has 2 outlet malls, as very well as some historical sites (it's the oldest city in the US). I've enjoy my time here, and don't plan on leaving anytime soon. If you hold any other questions nearly the area, I'd be joyous to assist.
Hi - My niece lives in Jax and she loves it - she moved at hand a year out of high college and is still living there 10 years deferred. She has a plave by the seaside and it would be hard for her to move posterior to Indiana. The traffic is mega, but that is to be expected. I would do a poke about on the internet or contact the chamber of commerce and have them convey you some information on schools etc.
Jacksonville Chamber-Commerce (904) 366-6600 3 Independent Dr, Jacksonville, FL
Chamber of Commerce (904) 358-9090 1817 N Myrtle Ave, Jacksonville, FL
http://www.jacksonvillebeach.org/...
http://www.2chambers.com/jacksonville,_f...
http://www.jaxcvb.com/
http://www.jaxwbc.com
What will come up if my contract next to my indisputable estate agent expires today and I don't renew next to her?
Question:
Will my home be taken off MLS?
Answers:
Yes, your home will be removed from the MLS, unless you renew or index with another company.
Yes, it is automatically removed inwardly a minute of expiring.
Your home will not be removed from MLS it will change from busy to expired. All infromation will still be there.
Yes - your home will come rotten the MLS
but the good communication is that you can sign with a different agent if you want.
righteous luck :)
Yes. Leave it off for a couple of weeks. Then sort a decision of whether or not you want to re-sign or find another Realtor.
Exactly what you said, it will expire. Yes it will be removed from mls, but I am sure you will own dozens of agents contacting you to re list. It could be final on there within no time.
Can you RE read my question and proposal advice PLSSSS thank you contained by advance
Where can I find the cheapest apartments?? Any State.?
Question:
I'm looking to move and start a new energy. Preferably looking in Tennessee, Florida or Alabama. But I am simply curious what are the cheapest states to rent in? Where are the cheapest locations?
Answers:
apartments.com
HELOC's irrelevant surrounded by Illinois?
Question:
I live in Illinois and I'm trying to achieve a Home equity line of credit to do some needed work on my house. After dealing next to my mortgage company on the phone, everything looked good, and afterwards today they informed me that the state of Illinois no longer allows "lines of credit secured by real estate." When I asked him, he confirmed that it is the state, not the company's rule. He later attempted to sell me a 40 year mortgage at 9.5% interest, which would put me at around 95% of my equity. Right in a minute, I'm at 6.5% and about 65% equity. (needless to utter, the answer will be a NO). My credit is decent and I hold a good debt to income ratio. I don't beleive what he said going on for Illinois not allowing them and I can't find any information to confirm it. Is this true? Thanks
Answers:
Dump your broker. Start calling around to local banks and credit union. Find your own HELOC.
Brokers make little to zilch on HELOC's. We really offer them as a critical function, but ideally when we're doing a first mortgage too, where we can create a decent income from.
Now, is that a 40 year first mortgage you're man offered at 9.5%? That's not terrible for a 95% HELOC, as it would singular be Prime + 1.25%, but it sucks as a first mortgage.
Get rid of this guy.
Well, here is what they are not telling you.
It's not that Illinois doesn't allow them, it's that the state most predictable changed the laws that put so various restrictions on how a HELOC has to be written, that it no longer make it profitable for the bank, as very well as may too-easily open doors for a wall to be accused of predatory lend.
In my career, I hold seen 2nd loans stopped within New Jersey, Utah, Texas, Florida, etc...they always return, but when the law change, sometimes the allowed department will advise a hill to stop underwriting them temporarily until they can get hold of a better idea of how the legalities work, and how to write a permissible loan that you don't get sued over...and next educate organization accordingly, build it into our automated underwrite system, etc.
Does that sound resembling alot? Yup..and most people don't take to mean it...that is why they blame it on the state, b/c it's easier.
Just keep on it out...give it roughly 6 months and lenders will start offering something comparable.
Can you singular sort principle payments and avoid paying interest on a home loan?
Question:
I had hear before from someone that you could ask for an amortization diary and make a prepayment of the principle respectively month and avoid paying the interest for that month. Is that true? or how does that work?
Answers:
No, that does not work. Any amount OVER your required monthly payment is fully applied against the principal amount of the loan, and reduce your interest in the long run. However, doing so does not drain your monthly required payment. It solely reduces the principal amount, cause the next regular settlement to have more of itself applied to principal and smaller amount to interest.
The net result, as expected, is that your mortgage is retired before its full possession.
There are calculators at bankrate.com which you can use to show how much your mortgage time is lessened by inserting your original principal harmonize, your interest rate, term of mortgage AND secondary amount paid per month over and above what is required.
No i.e. completely false. You can never afford paying interest on a loan, however you are allowed to make advanced payments on a loan if your lender will allow you too. Home owners can brand name payments in mortgage for monthly payments by doing bi-weekly payments or buying just calculation more money towards your monthly payment. Regardless your monthly recompense will always stay duplicate but your schedule of payments will be reduced
Not you must pay packet interest all the time, possibly you mean if you can payoff your loan by tallying more money to your principal?
the best way to payoff your loan faster is to make a purchase of a loan for 15 or 20 years instead the usual 30 or some people that even consider paying contained by 40 or 50 year loans.
There is a new program that you can in truth payoff your home in smaller number than 12 years , this particular program you settle up interest on a daly basis intead monthly similar to every one else.
I am a loan broker in Orange County California if you hold any adittional questions consistency free to contact me anytime.
I lend money in adjectives 50 estates
Your question is really asking something else and it is not worded totally correct. Yes you can, sort of. The faster you rate off the principal, the smaller quantity interest you will pay over time. You will aways own to pay some interest on a home loan so you can never avoid it adjectives together.
What you heard is correct. When you build a monthly mortgage payment you dwindle your principal balance. For instance, when you take home your July 1 payment, you are paying for interest that be accrued within June (you are in arrears). The principal reduce and when you make your August fee, more money goes to principal and the amount that go to interest is less. If you transport extra pricipal then the stability will be lower and your next payoff more will go to principal and smaller amount to interest and so on.
The general rule of thumb that citizens try to go for is transport your monthly payment divide that number by 12 and pay envelope 1/12 of your payment respectively month extra. This will make it so you remuneration 13 payments each year. This will pocket approximately 8 years and several months off of your loan. Search for an amortiziation rota and play around with return amounts and you will see. The more you pay extra, the smaller quantity interest you will pay over the existence of the loan because as each payoff comes due you acrue interest on your current balance. Therefore you loan will foot off more rapidly.
I hope that makes sense, but if you find a amortization calculator you will see.
I muse you may have misunderstood what that human being told you. You can make a prepayment of the principal, and avoid paying interest ON THAT PORTION. It works because you've rewarded it down, so obviously interest won't be calculated on that portion anymore. But the difference is minimal.
You are close...it's more of an overall money over the life of the loan than a month-to-month money.
If your required payment, is 500 per month and you compensated $600, for that month, the additional principal donation would come off the TOTAL principal go together b/c you not only own your current month's principle credited, but $100 toward the overall principle.
What it amounts to, is at the end of the residence, you will shave years off your mortgage and the interest you will retrieve is in the thousands. You don't see the nest egg immediately or even within a few years.
Think of it as a short-term sacrifice for a long-term gain.
Is it possible to buy an Island near 20+ ethnic group, respectively contributing their amount of money?
Question:
Can you build whatever you option on a private island?
Answers:
The amount of people shouldn't be an issue. It's possible to buy an island, no concern how many family. As for building whatever you want, there are oodles factors. Most eminently, access to power sources, water sources, and among other things, how remote. Now, if finances aren't an issue, you can setup an independent solar get-up-and-go system for one, there are private reverse osmosis systems for hose, and many islands that are close adequate for comfort, but far away enough to go and get away. But, make sure surrounded by your DD, you check for wildlife species and if there are in danger of extinction animals or plants there, you won't know how to build. Some islands already have protective policies within place, as my not so fortunate friend learned.
Yes, you can buy the island using a cooperative or other structured agreement. Ask a actual estate attny to draw it up for you.
As far as building, you will still have to grip to local building codes set by the state, county, country that the island belongs to.
i dont know
good concept though
where is the island.
merely curious
anything is possible if you can get 20 plus general public to invest in a private island investment, as toward what can be built it will solo depend on who's jurisdiction does the island trip up under, but pretty okay open expect for the misuse, which unless third world will have to be address
Yes you can.
www.privateislandsonline.com