RE Dispatch: Today in Real Estate, 3-16-07
Author: Joshua Dorkin • URL: http://www.biggerpockets.com/March 16th, 2007 •
Here are some major topics and discussions happening in the world of real estate today:
BiggerPockets Real Estate Investing Forums
- How did you find your first investment/flip?
I’m sure alot of us newbies are seeking insight on investing, where to look for a good buy, how to make deals and what are the right/wrong steps.. HELP THE NEWBS! - Do you enjoy your career? What do you do?
I was sitting around my home this evening trying to get some more exact figures on some closings that I just had (im honestly missing $60,000 somewhere, im sure its around but…I just dont know where), and I got to thinking, I make more money investing in real estate than I do selling homes as a realtor and it seems so much easier.
Interesting Real Estate Blog Posts
- Top 5 Questions Home buyers ask.. And why Realtors can’t answer most of them, Real Central VA
- If it smells, it doesn’t sell - Planning for pets in home sales… , Rain City Guide
Foreclosures
Housing Bubble
- Double Bubble: How counterfeit buyer agents inflated the housing bubble, Counter Intelligence
Housing Slowdown
- Calif. Home Sales Fall to 10-Year Low for February, AP
- Housing slowdown negatively impacting other industries, Reliable Plant
- Mortgage market stable here; Delinquency rate below nation’s, Arizona Daily Star
International Real Estate
- India’s Real estate investment hurricane, Express Estates
Mortgage Fraud
- Minnesota Mortgage Broker Charged in Mortgage Fraud Scheme, Mortgage Fraud Blog
Subprime Lender Crisis
- The Ten Faulty Consensus Views about Sub-prime and Soft-Landing…and the Ten Ugly Truths about the Coming Economic and Financial Hard Landing, RGE
- Real Estate Slowdown, Subprime Meltdown–Now What?, Morningstar
- Fortunes of sub-prime lender rose, fell with housing market, The Mercury News
- Mississippi Feels The Pinch of Subprime Loans, WLBT3
- US Mortgage Defaults Rise Sharply, Driving Stock Prices Down, VOA
- Mortgage Jitters, Washington Times
Thinking Green
- California’s Cow-Powered Solar Power Stations, Business 2.0
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Joshua Dorkin
Charles Feldman
Ted Karsch.
Troy Schuricht
Anwell Tsai
Richard Warren
Jim Watkins
The most resilent housing market in the country must be Los Angeles County. Last month it hit a record median price at $528,000 even in the face of the sub-prime implosion.
You want to see what you can buy for $500,000 in LA and Orange County? I give many examples on my site via Real Homes of Genius. This month we have a one bedroom one bathroom place for $475,000 in a non-prime area. Oh yes, we are living in Wonderland.
Dr. Housing Bubble
It’s always a good time to invest in property the real secret is that you should make your money when you buy, that is if you buy at the right price you have made your money already
Chris -
You’re dead on with this one. You make your money when you buy. Invest with that in mind and you’ll go a long way!
I found it very informative, thank you. Id love to see more mortgage resources soon.