August 2007
Commentary by Joshua Dorkin | August 30, 2007The Orlando Sentinel had an extremely interesting article today about the Miami Condo Bust. The article detailed the dangers that go along with pre-construction investing real estate speculation. How’s this for scary: “Just how many other speculators face the same dilemma in the nation’s most glutted condo market will become clear during the next two [...]
Commentary by Jim Watkins | August 29, 2007“There are too many foreclosures in my area.” “The market is dead” “New home construction is making it impossible to compete with.” When I hear any of the above statements, my response is, “Whatever.” If everyone believed the media hype about global warming, everyone might move to higher ground. The media continues to report that [...]
BiggerPockets News by Joshua Dorkin | August 29, 2007I just wanted to briefly introduce our blog’s newest contributor, Jim Watkins. Jim has been a long-time member of BiggerPockets.com and has been a respected contributor to our forums. He started investing in pre-foreclosures and has since become an expert in the area and in other real estate investing strategies. Jim has been teaching real [...]
BiggerPockets News by Joshua Dorkin | August 17, 2007Hello All! In an attempt to better understand who our users are, we have put together a user demographics survey. We’re asking all of our members and users to please help us out by taking this short (should take 3 minutes or so) online survey. Click Here to take the survey Thank you in advance [...]
Investor Interviews by Joshua Dorkin | August 17, 2007Every once in a while, a person comes around that is just a no-nonsense, straight shooter. Michael Rossi is one of those guys. For as long as I’ve known him, he has offered real estate investing advice freely to all those who ask for it. While some may disagree with his style, they can’t argue [...]
Commentary by Joshua Dorkin | August 16, 2007A Revealing Look at our “Booming Economy” So our economy is booming, Mr. Bush? I’m not sure what picture you’re looking at, but things are starting to look pretty bleak from where I’m sitting. The Sub-Prime Mortgage Mess has led to the Housing Bubble & Burst, which has led to the Credit Crunch, which looks [...]
BiggerPockets News by Joshua Dorkin | August 15, 2007At approximately 7am PST Our Servers Crashed! After 14 hours of hard work, we have finally gotten our server back up and running. BiggerPockets.com crashed early this morning and we have been working non-stop to get back online. This has been both a horrible and a remarkable day at the same time. It is never [...]
Foreclosures by Joshua Dorkin | August 14, 2007According to recent RealtyTrac numbers, California has been taking a major hit in terms of foreclosures. Several California Metro areas have dominated the top 10. Stockton, CA – 8,169 filings, a 256 percent increase (1 foreclosure for every 27 households2) over the same period last year. 1 “Six California cities rank in the top 10 [...]
Economy by Joshua Dorkin | August 13, 2007According to the Star-Telegram, lenders in Southern California are scooping up foreclosed properties at a rate much faster then they can get rid of these homes. “At some point — maybe this fall, maybe in 2008 — the lenders’ inventories will grow so large that they will have no choice but to cut prices aggressively, [...]
Commentary by Joshua Dorkin | August 5, 2007I wanted to let everyone know that on Friday, August 3, 2007, I was finally paid back the money owed me by Whitener & Flynn Properties, LLC. I want to thank everyone for their support during this difficult time, and I’m looking forward to moving on with my life.
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Joshua DorkinMarty Boardman
Jeff Brown
Chris Clothier
Ken Corsini
Peter Giardini
Jason Grote
Clay Huber
Kevin Kaczmarek
Douglas Lazovick
Ziv Magen
McKellar Newsom
Brandon Turner
James Vermillion
Sharon Vornholt
Melissa Zavala
Michael Zuber
Welcome to Miami’s Condo Bust
by Joshua Dorkin | August 30, 2007The Orlando Sentinel had an extremely interesting article today about the Miami Condo Bust. The article detailed the dangers that go along with pre-construction investing real estate speculation. How’s this for scary: “Just how many other speculators face the same dilemma in the nation’s most glutted condo market will become clear during the next two [...]