December 2007

BiggerPockets News

Happy New Year!

by Joshua Dorkin | December 31, 2007

All our best to Everyone for 2008! From The BiggerPockets Family!

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Rehabbing

Carpet or Tile? Rehab Decision Making for Nervous Newbies

by Connie Brzowski | December 29, 2007

Rehabbing a house can be a nail-biting experience, particularly the first time around. Sometimes, nice readers over at my blog email asking advice about their latest rehab project. Generally, the questions involve finishing issues such as whether to paint or replace kitchen cabinets, or if carpet or wood floors work better in a rental. I [...]

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Mortgages & Lending

Home Prices Plunge. Steepest Decline Since WWII !

by Charles Feldman | December 28, 2007

The sky might not be falling, but home prices certainly are and in more parts of the nation than ever before. From October of 2006, home prices fell a whopping 6.1 percent. Most troubling, the declines happened in 20 of the largest metropolitan areas, and in many of those, the declines were much steeper. In [...]

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Real Estate Investing

Selling Points: Setting a Home Apart

by FSBOJane | December 28, 2007

Trying to attract potential buyers for your investment property? Especially in a struggling market, you should do everything you can to set your home apart from all the rest. Consider these most-wanted features: Upgrades – Anything that has been recently updated, whether it’s the flooring, landscaping or appliances, will add value to the home while [...]

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Landlord Tenant

On the Fence with Landlording? A Rental with Bite!

by Jim Watkins | December 27, 2007

When it comes to owning and managing a rental property, I don’t care to spend money for things that are not needed. So a few years ago, when a tenant of mine asked if I would pay to have a fence installed for the back yard, I asked, “Why?” The tenant wanted to get a [...]

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Mortgages & Lending

Subprime Mortgage Crisis Helps Bring Down An Airline

by Charles Feldman | December 26, 2007

This is a story–don’t worry, it will be a short story–about how the current subprime mortgage/credit crisis has actually shot down an entire airline and how this may just be the canary in the coal mine. The all-business class airline, Maxjet Airways, based in Dulles, gave an extraordinary Christmas gift to its loyal customers: It [...]

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Blogs

A Home for the Holidays

by Richard Warren | December 25, 2007

A few days ago I took a ride past several of my investment houses. They are located in an area that is several hours north of where I live so I don’t see them every day. I was pleasantly surprised as I drove past the first house, it had been nicely decorated for the holidays [...]

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BiggerPockets News

Merry Christmas and Happy Holidays from BiggerPockets

by Joshua Dorkin | December 23, 2007

BiggerPockets.com Real Estate Investing Community December 23, 2007 Happy Holidays!! Hey Everyone! I wanted to take some time to thank you for all of their patronage of BiggerPockets! We’re approaching the end of 2007 and this has been another banner year for BiggerPockets.com Real Estate Investing Community! BiggerPockets 2.0 Launch is Imminent! Several years ago, [...]

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Learn Real Estate

That’s Too Risky! Overcoming a Poverty-Mindset

by Connie Brzowski | December 22, 2007

Danger Will Robinson! The mister and I married in 1980. We were 19, freshly spit-out by the public school system and totally clueless about the real-life world of household finance. Our parents were lower middle class, Depression-era survivors with a ton of fear about anything deemed risky…and pretty much everything was considered risky. For the [...]

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Real Estate Investing

Techniques for Covering Closing Costs

by Michael Creel | December 21, 2007

Although the days of getting cash credits towards closing costs are seemingly coming to an end with the tightening of mortgage regulations, there are still viable ways to accomplish that goal. Both Non-Agency and Dual-Agency arrangements can be used for this purpose. Often buyers mistakenly believe Dual-Agency is created when buyers approach a listing agent [...]

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Learn Real Estate

Investing in a Green Home

by FSBOJane | December 21, 2007

Environmentalism Makes a Market for Itself Take this as a fact for your future: green homes will soon be more valuable than non-green homes of a similar ilk. There are countless reasons why you should invest in a green home today, and an increasing demand for green products has spawned an exponentially expanding “green market.” [...]

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Commentary

A Nightmare Closing Saga: Part II

by Jim Watkins | December 20, 2007

(This is the second and final part to the article. Check out Part I) The next afternoon I got a call from the buyers’ agent. She told me that the buyers refused to switch title companies as I had requested (the closing was set to take place four days later). I asked her when she [...]

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Housing

The Federal Reserve Has A Movement

by Charles Feldman | December 19, 2007

The Fed Moved! Freaking amazing when you think about it. The first few words to appear in the first paragraph of an updated New York Times posting are :” The Federal Reserve moved…” Now this may seem like a fairly benign statement until you consider this: Had the Federal Reserve moved say, six or seven [...]

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Rehabbing

The “Ick” Factor

by Richard Warren | December 18, 2007

I had just acquired my second rehab project and I couldn’t wait to get started. Like the first, this was going to be my personal residence. It was a three bedroom ranch in a great area that I had acquired from HUD. Like many foreclosures it had been badly neglected and needed a fair amount [...]

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Real Estate Law

A Contractor’s Failure to Properly Register was a Crime Under New Jersey Law

by Joshua M. Marks, Esq. | December 17, 2007

In July 2006, Martin Korab hired Eric Rowland, a contractor, after seeing one of Mr. Korab’s advertisements under the name “Mercury Woods Carpentry” in the telephone book. Mr. Rowland gave Mr. Korab a written proposal along with a diagram detailing a bathroom renovation project, and accepted a deposit of $3,750.00 upon Mr. Korab signing the [...]

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