July 2005

Real Estate Investing

Buying that Pink House for Nothing

by Joshua Dorkin | July 28, 2005

Found a good piece of reading I wanted to share. Check out this little article from the Winston-Salem Journal. It is about a local investor and her small but growing real estate empire in the Tulsa, OK area.

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NEW Tallest Building in US Coming to Chicago

by Joshua Dorkin | July 26, 2005

They’re at it again. It seems like we’re in the midst of a boom in skyscrapers around the world. Just today, they announced a 2000 ft tall building in Chicago, Fordham Spire. Don’t forbget that they’re building the Freedom Tower in NY, several monster skyscrapers in Dubai, and a bunch more around the rest of [...]

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Real Estate Investing

Rich Dad’s Kiyosaki Dumping Real Estate

by Joshua Dorkin | July 24, 2005

Talk about shocked! I always say that it is important to watch what others are doing and saying when it comes to investing, and now there are some major happenings. From the San Francisco Chronicle: But now, in the past couple of months, the man — whose engaging financial parables have coaxed millions of ordinary [...]

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Real Estate

Real estate booms don’t always lead to busts

by Joshua Dorkin | July 21, 2005

According to an article at the Boston Globe, only 17 percent of all housing booms have ended up in busts (FDC source). It goes on to talk about how in this market there are so many investors buying property with no intention of occupying it themselves or with renters – speculation has driven the market. [...]

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Real Estate Investing & REITs

by Joshua Dorkin | July 20, 2005

Although the focus of our site is on direct investing in real estate, we will not ignore other options. Using REITs to be successful as an investor is a great option. I found a nice article that explains REITs in a concise simple way. I’ve personally enjoyed seeing dividends from REIT investments, which are usually [...]

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Mortgages & Lending

FICO Scores and your credit makeup

by Joshua Dorkin | July 19, 2005

Someone today asked me about FICO scores, and we had a great talk. I thought I’d reprint a post from the forums to help you all out. Toney posted the following, which has some great info. The components of FICO are: Payment History – 35% Amounts Owed – 30% Length of Credit History – 15% [...]

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Mortgages & Lending

Five Key Risks of Today’s Real Estate Market

by Joshua Dorkin | July 17, 2005

I just read a great article in the Wall Street Journal by Jonathan Clements about the 5 key risks of real estate in today’s crazy market. The risks he points to are: 1) Borrowing Too Heavily 2) Selling your property too quickly 3) Using ARMs to get a cheap loan – using adjustable mortgages in [...]

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Finding a “legit” real estate investing club

by Joshua Dorkin | July 15, 2005

I recently saw an article that talked about real estate clubs, and the different types that are out there. I’m not sure where I saw it, but I thought it was important to reiterate some of their points. First, they mentioned that there are 2 types of clubs. The first club is basically a way [...]

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Real Estate Investing

Finding the Owner of a Property

by Joshua Dorkin | July 12, 2005

Ever wonder how to find out who owns a property? Your county assessor’s office has that information, and its free! You can either visit their office, or check to see if there is a website for your county. Once there, just look up the address of the property in question, and you’ll be on your [...]

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