Interim Use Property?

[Fred]

That's not what Austin said, Mike.

 

[Bridgett Blankenship]

Hey Brad! Thanks for asking, but no I didn't. The test is so much different than the outline made me presume. I have my state license right now, I'm just going for my certification. I'm going to take it again this Thursday. I hear they change it up quite a bit, so who knows what I'm walking in to! Thanks for all of your input!!
-Bridgett :blink:

 

[Blue1]

In my area there are whole neighborhoods actually zoned IR or.... "Interim Residential." These are made up of predominately single family homes. When quiered, the "powers that be" told me that these areas are designated for some future unknown use!! (Maybe higher density, maybe lower density, maybe more agriculture, maybe more commercial) No one really knows........How's that for being "clear as mud" :question: ....

Since these areas are predominately single family residences, I always consider a SFR to be highest and best use for these areas. Am I wrong?

 

[bradellis]

Bridgett,

Sorry to hear the upgrade thing did not yet occur- keep at it- it will.

Now, unless they have changed the exams substantially (and that is likely since I took it so many hears ago), from my memory, here is what to expect:

Since all these exams come from a single database of questions, what they can do is to gear the upgrade parts to the more difficult (in their minds) questions. Typically, that revolves around the income questions.

So, I'd bone up on those a bit- obvoiusly not ignoring the other subject- but that is what my memory tells me.

Good luck,

Brad Ellis, IFA, RAA

 

[Bridgett Blankenship]

Thanks Brad! I will definatley work on that. I think that is what I had the hardest on anyway....capitalization, income..ets. Like I have no clue what a mortgage constant is and how to get that number. Can you help??? Thanks so much for your input,
Bridgett

 

[bradellis]

Brudgett,

Sure. A mortgage constant is what it takes over a defined period (typically 25-30 years) to retire a dollar worth of mortage debt. Two simple options to get it:

1. Look it up in any of those mortgage tabel books or
2. With an HP12-C, enter 1 CHS PV, term (i.e. 30) g i, then {MT- it will give you the monthly per dollar

Than just multiply by 12.

Brad Ellis, IFA, RAA

 

[Bridgett Blankenship]

Thanks again Brad! I got it!
Have a wonderful day!

-Bridgett Blankenship