September 2006

Cool Stuff

Really Creative Financing For That Vacation Home You Always Wanted

by Joshua Dorkin | September 30, 2006

I have to admit it when someone comes up with a brilliant idea, and I just read about someone who definitely did that! John Keith of the Boston Real Estate Blog put me on to a story in the New York Times about a graduate student named Julie Hampton, who bought an Italian villa using [...]

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Credit

Beware of Fake Credit Report Sites

by Joshua Dorkin | September 30, 2006

Our credit report is part of who we are. It details our financial history to lenders and mortgage companies, banks, and credit card companies. In order for most people to buy or lease a car, obtain a credit card, or purchase or refinance a home, they must be sure that their credit is as good [...]

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Economy

Stock & Housing Market Update

by Joshua Dorkin | September 29, 2006

Although the stock market’s Dow Industrials has flirted with an all-time-high for the past several days, and oil has maintained its decline, the housing market continues to look weak. Here are a few highlights from Today’s MarketWatch report: – “Banc of America Securities said Friday it expects pending home sales to decline between 3% and [...]

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Real Estate Fraud

Beware of Real Estate Scammers Rushing You to Sign

by Joshua Dorkin | September 29, 2006

In a story released today by USA Today, we learned about a new fraud that had been taking place in Virginia, where investors were tricked into signing documents to purchase properties that had been appraised at inflated values. Countrywide Financial, who is suing the man who allegedly orchestrated the fraud, Robert Penn, “claims the defendants [...]

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Economy

The 10 Least and Most Affordable US Housing Markets

by Joshua Dorkin | September 27, 2006

Business Week today reported on the newest Home Price Comparison Index (HPCI) from Coldwell Banker. The list is arranged by average home sales price for the given market. Incredibly, the difference between the least and most expensive markets is $1.67 Million! The Least Expensive Housing Markets Are: 1. Minot, ND – $132,300 2. Killen, TX [...]

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BiggerPockets News

1,000,000 Page Views This Month

by Joshua Dorkin | September 27, 2006

To All of Our Online Friends, Readers and Supporters – I just wanted to share another milestone for BiggerPockets.com Real Estate Investing. Today we passed the 1,000,000 page view mark for the month! This is the first time we’ve had over one million pages viewed over a month span (3 days left)! We are excited [...]

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Blogs

Under the Investing Carnival Big Top

by Joshua Dorkin | September 26, 2006

The latest edition of the Investing Carnival took place today over at Investing World Today, and featured Real Estate Investing for Real. Our Pinnacle Development Partners Under Investigation article has now been mentioned in 3 blogging carnivals this week. In addition, with over 11,000 views and over 100 replies, our Pinnacle Discussion forum thread has [...]

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Housing

Median Home Prices Fall First Time in 11 Years

by Joshua Dorkin | September 25, 2006

The National Association of Realtors today reported that the median home price in the US fell in August to $225,000 down 1.7% from August of 2005. This is the first time a year over year decline in median home prices has occured since April 1995. According to The New York Times: “David Lereah, chief economist [...]

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Real Estate Tips

Real Estate Vocabulary: Adverse Posession

by Joshua Dorkin | September 25, 2006

Adverse posession is a method of acquiring the title to someone else’s property by occupying the property against the rightful owner’s rights. NOTE: Adverse posession cannot occur on publicly owned (government) land. According to Wikipedia, “Adverse possession requires the actual, visible, hostile, notorious, exclusive, and continuous possession of the property, and some jurisdictions further require [...]

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BiggerPockets News

More Blogging Carnivals for Real Estate Investing for Real

by Joshua Dorkin | September 25, 2006

In addition to the Carnival of Real Estate, we were also mentioned today in the HJL Money Blog for the Carnival of Business regarding our post investigating Pinnacle Development Partners.

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Blogs

Time for the Carnival of Real Estate

by Joshua Dorkin | September 25, 2006

at the Matrix Blog. You can find our post investigating Pinnacle Development Partners in this edition of the Carnival.

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Pinnacle Development Partners

BREAKING NEWS: Pinnacle Development Partners LLC Under Investigation

by Joshua Dorkin | September 21, 2006

Buy investment properties and sell within 60 days for a quick profit. $5K min. inv. 25% return w/n 60 days. Look familiar?? Atlanta based Pinnacle Development Partners, LLC is currently under investigation by regulators in California. The company, whose ads in Newsweek, The Wall Street Journal, Barrons, the New York Post, and other publications, has [...]

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Real Estate Resources

Zillow Takes Step Towards Democratizing Home Prices

by Joshua Dorkin | September 20, 2006

Starting today, Zillow is allowing its users to get their say in what homes are worth by allowing them to enter their own price estimates alongside the site’s proprietary Zestimates. Apparently the move was in response to feedback from the users of the site. I’ve heard much debate about the accuracy of the Zestimates, both [...]

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Economy

Housing Starts to Fall to 3 Year Lows

by Joshua Dorkin | September 18, 2006

Bloomberg is reporting tonight that US housing starts will likely fall to their lowest level in three years when the number is announced tomorrow (Tuesday). Builders probably started work last month on the fewest new houses in three years as higher mortgage rates discouraged home buyers, economists said ahead of a U.S. government report today [...]

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BiggerPockets News

BiggerPockets.com Turns 3,000!

by Joshua Dorkin | September 17, 2006

That’s right! We’ve just turned the 3,000th person into a member of our wonderful Real Estate Investing Forums! We just want to thank everyone who helps to support this site. You have all helped to create a wonderful place for people in all aspects of real estate to share their knowledge for the betterment of [...]

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