Rod’s Radio Show Notes
October 3^rd 2012

Go to:  www.rodnolespropertymanagement.com and click on radio notes and sign up to have them emailed each week. If you know of someone looking for rental space, apartments, homes, retail, office or industrial send them to www.rodnolespropertymanagement.
 
You can participate in the show by calling 318-442-8255 (talk) between 8:05 and 8:55 on Wednesday morning.  Do not attempt to call Saturday this is our encore performance (fancy way to say taped).

 
Every Deal Has a Tale / Tail:
 
Great Website for Ok Allen Bridge
 
http://www.dotd.la.gov/administration/public_info/projects/FortBuhlowBridge/home.aspx
 
Carol B Rice (105 Firefly Lane, Lafayette, LA 70507) to Nomo, LLC (4615 Parliament Dr., Suite 100, Alex., LA 71301) - Lot 17, Blk 2, Plantation Acres Subd., Part 1 (1605 Magnolia Dr., Alex., LA 71301), $85,000.00. Third rent house I’ve purchased this year. If Warren Buffet and Rod Noles think it is a good investment what are you waiting on?
 
Jerry Johnson is the investor who is remodeling former 7-11 on highway one purchased property for less than $20,000 and must be spending $50,000 or more on the roof. Jerry is savvy investors and has a tenant in tow or will grab a tenant by the toe. It will be rented.
 
Mini Storage sales Lester P Mallette (P O Box 69, Tioga, LA 71477) to Drennan Equity Pineville, LLC Karen Criswlll Drennan (4905 Monroe Hwy., Ball, LA 71405) - 2.303 acres in Sec 1, T4NR1W, et al (2549 Monroe Hwy., Pineville, LA 71360), $4,200,000.00
 
Bayou Rapides, LLC (700 Veterans Dr., Alex., LA 71301) to Bayou Rapides Properties, LLC Charles Dewayne Ollson (8782 Hwy. 1200, Boyce, LA 71409) - 5.98 acres being part of Lot 55, Experiment Plantation (700 Veterans Dr., Alex., LA 71031), $2,495,000.00. Bayou Rapides Properties, LLC (8782 Hwy. 1200, Boyce, LA 71409) to Red River Bank (1412 Centre Court Dr., Suite 103, Alex., LA 71315) - 5.98 acres being part of Lot 55, Experiment Plantation (700 Veterans Dr., Alex., LA 71031), $2,000,000.00
 
Checkerboard, LLC John Tudor to Kevin R Williams Enterprises dba Paradise Catfish Restaurant (171 Alma Dr., Pollock, LA 71467) - 6500 sq ft located at 2049 North Mall Dr., Alex., LA 71302 for 10 years @ $7,000 per month.
 
Mykoff Absorption Report:
 
6.38    entire market 632 homes / 99 sold in September = 6.38 months’ supply
9.33    $400,000 up 28 homes / 3 sold = 9.33 month’s supply
7.67    $250,000 to $400,000 total homes for sale 69 / 9 sold = 7.67 months’ supply
4.89    $150,001 to $250,000 total homes for sale 186 / 38 sold = 4.89 months’ supply
7.12    under $150,000 total homes for sale 349 / 49 sold = 7.12 month’s supply
 
Construction Contracts Recorded:
 
LA DOTD to Diamond B Construction Co., LLC - 38.88 miles of road work on I-49, $9,523,721.20
 
LA Military Dept. to T L Construction, LLC - Renovations for range control building 5102, Camp Beauregard, $169,159.00
 
Joe Clements, Clements Management, LLC (3003 Old Forge Dr., Baton Rouge, LA 70808) to Greg T Watts, President Watts Real Estate, Inc. (27037 Greenwell Springs Road, Greenwell Spring, LA 70739) - Burger King-Lecompte (3000 Hwy. 112, Lecompte, LA 71346), $2
 
Kingsville Baptist Church (3911 Monroe Hwy. 165, Ball, LA 71405) to Ace Roofing, Inc. (102 Pod St., Lafayette, LA 70507) - Re-roofing multi-purpose staff office and educational facility, $151,816.00
 

HOPE HOUSE OF CENTRAL LOUISIANA NEWS RELEASE

October 2, 2012, Hope House of Central Louisiana purchased from the Central Louisiana Community Foundation 5115 South MacArthur Drive, Alexandria, Louisiana.

This purchase closes Hope House’s several year search for a facility to provide more space to serve more women and children. This property surpasses our expectations because it provides a larger and preferable space. Our present and future residents will cherish their time at their new home. Hope House outgrew its current location and over the past 23 years has served over 4,000 homeless women and children. Tragically, the waiting list continues to grow. However, the new location increases bed space, increases program capacity and provides additional privacy for residents as they strive to achieve independence. Homelessness is a growing issue in our region. Hope House is considered a leading agent in the community and works tirelessly in collaboration with many other agencies in addressing long term solutions in the fight to end homelessness.
 
 
(+5)Rod’s Economic Indicator Perfect Score is 5.
 
When top rating of 5 appears week after week I will share with our audience, that “Green Shots” is here and recovery is in full swing. 
 
Legal Recorder Data:
 
Five business days from time period of September 24^th through September 28^th   
 
(1)Total of 40 closed deals for the week has positive score
(2) At least one new home sale for the week has positive score
(3) At least one subdivision lot sale for the week garners positive score
(4) Number of lender sales in market place is less than 5% of the total market sales for the week.   
 
(+1.25) Total Weekly Volume:
 
$12,151,750 one of the highest volumes since I have been tracking on 53 transactions. This was just a Wow week, glad I had couple of my own deals in this avalanche of transactions.
 
(+1.25) Lot Sales:
 
To rank positive score need one sale market gave us five with 100% of lots coming from developer’s inventory. Record price paid for single lot at the entrance to Land Mark $187,500
 
Betty P Lofton Revocable Trust (P O Box 12461, Alex., LA 71315) to Michael A & Melissa K Shelton (P O Box 13525, Alex., LA 71315) - Lot 4, Landmark Subd. (2016 Horseshoe Dr., Alex., LA 71301), $187,500.00
 
Ballina Farms, Inc. (P O Box 12487, Alex., LA 71315) to George W & Becky E Bausewine (6510 Arden Oaks, Alex., LA 71301) - Lots 202 & 203, Tennyson Oaks Subd., Phase 7-C, $125,000.00
 
Vanmol & Sons, LLC (P O Box 407, Woodworth, LA 71485) to Van N Huunh and Vu N Tran (2827 Hwy. 107, Pineville, LA 71360) - Lot 44, Ocho Rios Subd., Phase 1-B, $28,000.00
 
Olson's Properties, LLC (8782 Hwy. 1200, Boyce, LA 71409) to William C Machen (100 Robinson Road, Alex., LA 71033) - Lot 16, Colina Heights Subd., $20,000.00
 
Donald P Moriarty, II & Diana M Moriarty (1016 Orange Blossom Circle, Village Park, CA 92861) to Carl S & Deborah M Bess (Lot 75, Timberlake, Phase IV, Woodworth, LA 71485) - Lot 75, Timberlake Subd., Phase IV, $30,000.00
 
Carl S & Deborah M Bess (398 Timber Ridge Dr., Woodworth, LA 71485) to Robert L Hollingsworth (P O Box 12385, Alex., LA 71315) - Lot 75B, Timberlake Subd., Phase IV, $15,000.00

(+1.25) New Home Sales:
 
Looking for one new home sale for positive score and market gave us three home sales. 
 
Shane Dauzat Construction, LLC (5854 Twin Bridges Road, Alex., LA 71303) to Deidra G Blackman (5716 Southside Dr., Alex., LA 71301) - Lot 34, H H Faust Subd. (5716 Southside Dr., Alex., LA 71301), $143,000.00
 
Jeff Porter Investments, LLC (42 Philadelphia Road, Pineville, LA 71360) to Scott R Shovan (309 Legacy Dr., Pineville, LA 71360) - Lot 58, Woodlake Subd., Phase V-A (135 Woodlake Dr., Pineville, LA 71360), $229,000.00
 
V & V Properties, LLC (P O Box 128469, Alex., LA 71315) to Carla P Guillory (514 West Shore Dr., Alex., LA 71303) - Lot 114, West Pointe on the Bayou, Phase V, $277,500.00
 
(+1.25) Lender Sales as Percent of Total Sales:
 
Rates positive score if lender sales are below 5% of total sales, this week market gave us one sale total volume under $11,000.
 
J P Morgan Chase Bank to Larwood Properties, LLC (314 SW Main St., Bunkie, LA 71322) - Lot 19, Sq 2, West Alex. Addn. (1137 1139 Madison St., Alex., LA 71301), $10,900.00

Interest Rates:
 
30 year rate was 3.40% this week is 3.46%, the 15 year rate was 2.83% this week it is 2.93%, the 5/1 ARM was 2.96% now 2.93%.
 
Numbers of Interest:
 
$2.4 billion    Loyld’s Insurance profit 1Q12
$155 million  Loyld’s loss same time last year
30%              Home price decline measure against median price 2006
5.9%             Increase average home price first 7 months of this year
16.6%           Increase avg. home price in Phoenix from last year
5.9%             Decline home prices in Atlanta from last year
$750             Price per share of Goggle stock
 
 
 

Robert Kinberger financial comparisons:
Wall Street calls them Indices

 
Indices

 
Consumer Money Rates

 
Currencies

 
Commodities

Bond Rates

Mykoff Monthly Comparison Absorption Report