CBD Real Estate Investment LLC

“Buy land where the path exists; where there is no path, buy more land and create your own.” David Waronker

World’s Best Quotes on Real Estate

World’s Best Quotes on Real Estate

Real Estate Quotes

Some days, we really  need a bit of inspiration to help push us along in growing our business and doing great work. Every business, startup or established, can use the lessons and ideas from others to help move forward.

“I have always liked real estate; farm land, pasture land, timber land and city property. I have had experience with all of them. I guess I just naturally like ‘the good Earth,’ the foundation of all our wealth.” ~Jesse H. Jones

“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.” ~Warren Buffett

“What we call real estate – the solid ground to build a house on – is the broad foundation on which nearly all the guilt of this world rests.” ~Nathaniel Hawthorne

“A man complained that on his way home to dinner he had every day to pass through that long field of his neighbour’s.  I advised him to buy it, and it would never seem long again.” ~Ralph Waldo Emerson

“I would give a thousand furlongs of sea for an acre of barren ground.” ~William Shakespeare 

“Next to the writer of real estate advertisements, the autobiographer is the most suspect of prose artists.” ~Donal Henahan

“The small landholders are the most precious part of a state.” ~Thomas Jefferson, American President 

“Buy land, they’re not making it anymore.” ~Mark Twain, Author and Humorist  

“He that tilleth his land shall be satisfied with bread: but he that followeth vain persons is void of understanding.” ~The Book Proverbs 12 vs. 11

 

It’s tangible, it’s solid, and it’s beautiful. It’s artistic from my standpoint, and I just love real estate.
Donald Trump

I just bought a small condo overlooking the water. The water is in a cup, one floor below my unit.
Jarod Kintz

Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.
Franklin D Roosevelt

The best investment on earth is earth.
Louis Glickman

Real estate is the best investment on earth, however, when the music stops playing, which happens occasionally, don’t be the one left without a chair.
Steven Ivy

My own recipe for world peace is a bit of land for everyone.
Gladys Taber

Don’t wait to buy real estate, buy real estate and wait.
T Harv Eker

Buy real estate in areas where the path exists and buy more real estate where there is no path, but you can create your own.
David Waronker

Find out where the people are going and buy the land before they get there.
William Penn Adair

If you circle above Central Park at night in a helicopter, you’re looking down at the most expensive real estate in the world. It’s the American Monopoly board.
Ridley Scott

77 +/- Acre Parcel in Madawaska, Maine

This is 77+/- acre parcel in Madawaska, Maine.

Offering this property for$100,100.00 plus our $599.00 closing fee

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This tract of land is accessed by the Levesque Farm Road, and then there is a private road that leads through this land and then down to Germaine Lake. The land is subject to an easement for the private Road, and comes with deeded access to use the private road down to the lake so that there is lake access.

Madawaska, Maine Aroostook, the States largest and northernmost county, is known to Mainers simply as The County. With more than 2,000 lakes, streams and ponds, the vast unspoiled Allagash Wilderness Waterway and the mighty St. John River, Aroostook is a recreational paradise.

It is also home to a diverse mix of welcoming cultures and communities, inviting you to discover the proud Crown of Maine. Maines Million Dollar View, between Danforth and Orient, affords breathtaking views of Peek-a-boo Mountain and Mt. Katahdin to the west, and magnificent lakes to the east.

Aroostook State Park, Maines first state park, has everything: hiking on Quaggy Jo Mountain, trout fishing in Echo Lake, access to groomed trails for snowshoeing, cross-country skiing and snowmobiling, four-season camping and more.

The County offers 2,300 miles of groomed snowmobile trails and 1,200 miles of contiguous ATV trails with lodging and dining establishments along the way.

Power: Electric is in area
Water: Private, well or tank
Sewer: Private, septic

HORSESHOE BAY LOTS, LLANO COUNTY, TEXAS

HORSESHOE BAY!
LLano County,Texas
Horseshoe Bay, Texas
78567

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These eight (8) Horseshoe Bay Lots are in a very desired section of Horseshoe Bay. HSB is home to beautiful homes, rolling hills, creative water features and architecture, winding streets, and some of the finest views in all of Texas!

Words fail to justify the beauty of this development, community, surrounding and most importantly these lots!

It is also the home to the HSB Airstrip. And like HSB, nothing is spared with this airstip, as the runway is designed to land a DC-9 – and a DC-9 is parked at the HSB Airport, as the private jet of one of the community residents. All HSB amenities are within walking distance.

That is what we offer, a fabulous single family home site in a community you will call home, where you will NEVER want to leave.

These fine lots are surrounded by beautiful homes and other vacant custom lots, with the rear yard backing up to other lots, other fine HSB real estate and open space. It is also close to multiple holes of the greenway of the HSB Slip Rock Golf Course and close to the HSB Airstrip.

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One of the finest real estate opportunities available. The most desirable location to buy, build, invest and live life to the fullest.
Have you been hurt by the recession? Here is your chance to take advantage of the down market, and eventually leave the recession in better position than when it started.

Take ADVANTAGE of the adverse real estate market and buy this wonderful property. Located on Lake LBJ, home to water sports on this huge waterway. Huge marina from dinghy’s to yachts, wave runners to sailboats. Marina is world class; (boat slips are available for an extra charge.)

Horseshoe Bay North along with West are the newest and most desired sections of HSB There are many homes in the neighborhood and close to this lot.
Lots measure approximately .30 acres…

Paved Road with all underground utilities, including City Electric and Water to the lot.

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Marble Falls City Schools –
Championship golf courses.
Equestrian center.
Tennis center.
Full service world known Spa
Multiple clubhouses
Pools
Full service workout facilities
Walking trails
Biking
Hiking
An Airport – where you can land a DC-9 if you are so fortunate
Breathtaking Water features throughout the community
Five Star Marriott Resort Hotel
Shopping
Fantastic restaurants
Office space
a complete living and working community

HORSESHOE BAY RESORT
With all our real estate listing across the country, and all of the communities we have visited over the 18 years of selling national real estate, Horseshoe Bay is the finest full amenity community we have found in this country.

If ever there was a place that you would choose to relocate to live permanently it would be
HORSESHOE BAY!

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Horseshoe Bay Texas is truly a unique resort community… unlike any other place on earth. Located on beautiful, constant-level Lake LBJ in the heart of the Texas Hill Country, this place has it all. Unrivaled real estate, spectacular water sports, breathtaking scenery and some of the best golf on the planet, making Horseshoe Bay Undoubtedly one of the best places in the world to live.

These are ideal lots available with Warranty Deed.
Quick closing, title transfer within three days of payment.

This is a CASH sale, no payments, no financing.
No Gimmicks.

Horseshoe Bay, Texas
West
Llano R19386 W12038 HSB-W CATS EYE/OUTCROP ,
Llano R36111 W11017-B HSB-W 605 Broken Hills        
  Llano R36109 W11017-A HSB-W 607 Broken Hills       
Llano R36100 W11016-A HSB-W 611 Broken Hills
Llano R36092 W11015-B HSB-W 613 Broken Hills
Llano R36091 W11015-A HSB-W 615 Broken Hills
Llano R36266 W11040 HSB-W 1626 Sapphire
Llano R24308 W23408 HSB-W 114 Golden Sun

WE OFFER THESE LOTS EACH AT $6,500.00 PLUS OUR CLOSING FEE OF $450.00

Cinnaminson Is Searching For Space For More Housing The State Is Requiring It To Provide 351 Affordable Units. But There Are Few Suitable Sites Left To Develop.

Cinnaminson Is Searching For Space For More Housing The State Is Requiring It To Provide 351 Affordable Units. But There Are Few Suitable Sites Left To Develop.

By Karen Auerbach, INQUIRER CORRESPONDENT

Posted: October 27, 1996

CINNAMINSON — When John Hunter’s ancestors purchased land here 16 years before America gained its independence from Britain, their farm stretched over 1,000 acres, sprawling across the borders of three future towns.

More than two centuries later, Hunter and his family grow sweet corn and sweet potatoes on 115 acres that are practically boxed in by industry and housing developments.

Years ago, developers approached the Hunters about purchasing their land. They said no, and eventually, the inquiries petered out. The family still has no intention of selling, said Barbara Hunter, John’s wife.

“This is more than a family farm; it’s a tradition, it’s a heritage,” she said.

As Cinnaminson struggles to provide affordable housing, however, its waterfront and the few remaining farms – the last ties to the town’s rural past – are virtually the only undeveloped spaces.

With Burlington County Superior Court reviewing Cinnaminson’s zoning laws as a result of lawsuits by two developers, Cinnaminson officials are looking at the township’s undeveloped land to determine where state-mandated affordable housing can be built.

Cinnaminson has no apartment complexes or single-family housing for low- to moderate-income families.

The township Planning Board this month gave the court its preliminary recommendations for a fair-share plan, which will determine how the township fulfills its state requirement of 351 affordable-housing units.

The recommendations identify six large sites and 11 smaller ones where the township could permit development of affordable housing. Among the properties are the Hunters’ farm and the Armstrong farm on the township’s Moorestown border, plus two Delaware River waterfront properties owned by the developers whose lawsuits forced the township to draft the plan.

CBD Development Inc., general partner in Harbour Reef Ventures, sued the township in May, alleging that the Planning Board evaded affordable-housing laws by rejecting the developer’s plans to build a 117-unit complex near River Road and Taylors Lane. Justin Spain, a Cinnaminson real estate agent, has been trying to develop the land for years. He sold the land to CBD about four years ago, but is a partner in Harbour Reef Ventures.

The Planning Board rejected CBD’s Harbour Reef application in April, after residents opposed it because of environmental concerns.

The dispute was not about affordable housing, residents and township officials say. But because Cinnaminson did not have an affordable-housing plan, CBD was able to sue the township based on the state Supreme Court’s 1983 Mount Laurel II decision, which provided developers with legal redress for restrictive zoning.

A second developer, Cresmont Limited Partnership, filed a similar lawsuit in June against the township. Cresmont never formally applied to the Planning Board for its proposed 579-unit Harbour View waterfront development on River Road, although it presented its plans to the Township Committee earlier this year, said Leo Holt, a principal partner in Cresmont and son of Delaware River waterfront entrepreneur Thomas Holt.

Cresmont’s suit also claims that the zoning ordinances kept out affordable housing.

CBD’s lawsuit claims that “Cinnaminson has affirmatively excluded most low- and moderate-income families and larger families from renting and/or owning residential units within the township.”

To allow for affordable housing in Cinnaminson, the township must change the zoning of various areas to permit residential development. The two waterfront sites already allow for that, but David Waronker, president of CBD Development, said other restrictions that prevent the construction of affordable housing prompted him to sue the township.

Of the total number of units in both developments under the original plans, 73 were to be affordable housing.

Even with those complexes, however, the township would be hundreds of units short of its state mandate. Planning Board Chairwoman Nancy Myers said Cinnaminson hoped to reduce the number of required units by receiving credit for existing housing, such as motels along Route 130 where welfare recipients live.

While the township planner and Planning Board, under court supervision, devise an affordable-housing plan, CBD Development is pressing ahead with plans for Harbour Reef. The state Department of Environmental Protection is expected to rule on CBD’s application for a waterfront development permit on Nov. 22, a decision that was postponed from last Thursday. Waronker said that even if the application were denied, he would change his plans for Harbour Reef from 117 townhouses to 178 apartments, with 15 percent to 20 percent to be affordable housing.

“This time there’s no holds barred,” Waronker said. “This time, we’re going to get exactly what we’re entitled to and get this matter behind us already.”

Court Permits Homes In Edgewater Park The Developer Had Sued To Build 77 Units After The Town Neglected To Address Its Affordable-housing Obligation.

Court Permits Homes In Edgewater Park The Developer Had Sued To Build 77 Units After The Town Neglected To Address Its Affordable-housing Obligation.

By Wendy Ginsberg, INQUIRER SUBURBAN STAFF

Posted: October 27, 2000

EDGEWATER PARK — An oversight by elected officials that occurred seven years ago has resulted in a recent court decision to allow 77 homes to be built in this 2.5-square-mile community and possibly raise taxes, township officials said.

Last week’s Superior Court decision was a result of a previous Township Committee’s failure to zone for 50 units of affordable housing recommended by the Council on Affordable Housing (COAH), an 11-member agency appointed by the governor to help communities devise plans for their affordable-housing obligations.

In 1993, COAH sent a letter to Jay Gill, then the mayor of Edgewater Park, that detailed the obligation to provide 50 units.

But Edgewater Park officials never responded to the letter or made any attempt to change the township’s housing plans.

Committeeman Bob Dovey, who was on the committee at the time,said he never knew about the letter.

“In 1997, it was brought to our attention that we had a COAH obligation. We were shocked,” he said.

Because Edgewater Park did not have a plan to provide affordable housing, CBD Development Inc., the contractor that will build the 77 homes, sued the township for approval to build and won its case last week.

CBD Development will build 53 homes on two parcels behind the Kove catering complex on Route 130. Another 24 homes are planned for a plot behind the Armadillo Steak House off Bridgeboro Road.

“This is not good for Edgewater Park,” Dovey said. “These new homes mean about 40 new students. That’s two new classrooms.”

Dovey said more homes would only increase the tax strain. Currently, for every $1 in tax money the township takes in, $1.15 is spent on municipal services such as trash and leaf collection, he said.

Although the lawsuit filed by Mount Laurel-based CBD Development resulted from the township’s not fulfilling its affordable-housing requirements, the 77 new homes will not be for low- or moderate-income buyers. CBD president David Waronker said the company opted instead to give $20,000 per unit to the township for the 11 affordable homes it was required to build.

The 1983 Mount Laurel II court decision allows municipalities or developers to pay other municipalities to take up to 50 percent of their overall affordable-housing requirement.

Beverly, for example, will receive $1.7 million from Mount Laurel over the next six years to refurbish 85 affordable-housing units in the small riverfront community.

Edgewater Park plans to give the $220,000 to Woodlynne, Camden County, to fulfill its COAH obligation. The township says its remaining obligation of 39 units is already accounted for in the form of existing group homes.

Waronker said he hoped to break ground on the project in March, provided he received the proper permits. The units will be single-family, detached homes with lots at a minimum of 53,000 square feet each. The cost for each, he estimated, will be between $150,000 and $170,000.

In Edgewater Park, the average cost of a home is about $100,000.

According to Dovey, township officials had believed that many of the community’s apartments and condominiums, which amounted to half of its housing, would qualify as affordable, Dovey said. They did not.

Shirley Bishop, COAH’s executive director, said the formula used to determine a township’s COAH obligations takes into account only complexes and homes built from 1980 to the present. Dovey said most of Edgewater Park’s apartments and condominiums were built in the mid-1970s, and an appeal by the township went unheard.

“We don’t know if those units are occupied by low- and moderate-income families,” Bishop said of apartment and condo complexes constructed before 1980. “And there’s no guarantee the housing will always be affordable.”

Dovey and the other committee members then had to scramble to create a master plan that included the 50 affordable-housing units.

Meanwhile, CBD Development had already filed its lawsuit.

“Unfortunately, we were a day late and a dollar short,” Dovey said.

Wendy Ginsberg’s e-mail address is wginsberg@phillynews.com