March 2008
Architecture by Joshua Dorkin | March 31, 2008Update 1/4/2010: The Burj Dubai, the world’s tallest skyscraper, opened today in Dubai, renamed as the Burj Khalifa, an impressive 828 meters, or 2717 feet, tall. While not a mile high, as initially speculated, the new tower is still 320 meters taller than the next tallest skyscraper, the Taipei 101 tower. . . . and [...]
Read the full article → Blogs by Richard Warren | March 31, 2008Could you imagine driving by a bad car wreck without looking? Could you imagine other drivers whizzing by without gawking at the carnage? Neither can I. Yet, that is exactly what seems to be happening with the economy. Sure, everyone knows about the foreclosure mess and mortgage crisis because the news outlets feast on these [...]
Read the full article → Commentary by Milton B. Yates | March 30, 2008“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who [...]
Read the full article → Investor Interviews by Joshua Dorkin | March 28, 2008We’ve got a wonderful interview for everyone today! Christian Malesic is a relatively new member to BiggerPockets, but in that short time, has given quite a bit of himself to help others out! His knowledge, enthusiasm, and energy is captivating, and I thought we ought to find out more about the man. Christian focuses primarily [...]
Read the full article → Mortgages & Lending by Troy Schuricht | March 28, 2008Need an incentive to help move a home? The answer is PITI Abatment. Do not let the financial jargon scare you. For years production builders have used this incentive to move inventory. Now every seller/investor has the opportunity to participate. What is PITI Abatement? An incentive to the buyer to have the first 6 months [...]
Read the full article → Commercial Real Estate by Ted Karsch | March 27, 2008During the heyday of the residential real estate market boom a few years ago many investors were exclaiming: “why should I hire a realtor to sell my property and give him 6% of the sales price when I can just as easily sell the property myself and keep that money in my own pocket?” This [...]
Read the full article → Real Estate Investing by Milton B. Yates | March 27, 2008Just in case there was an oversight in your real estate investing plans in 2008; be sure to look toward Panama to buy land and build on it. The widening of the Panama Canal has been underway for over 6 months now and the real estate market is hotter than ever. With an estimated cost [...]
Read the full article → Commentary by Michael Creel | March 26, 2008Is the United States going broke? Many would roll their eyes at this notion; they would tell you that the country has never defaulted on its debt that its long-term interest rates are historically low; that the dollar is the world’s reserve currency; and that China, Japan, and other countries have an insatiable demand for [...]
Read the full article → Economy by Charles Feldman | March 26, 2008How about some good news for a change about real estate, mortgages, credit, jobs, consumer confidence, Wall Street stability, the future of civilization as we know it? Sorry, not gonna get it here. Evidence is evidence and though some may like to engage in wishful thinking, the evidence is not good at all. Goldman Sachs [...]
Read the full article → Real Estate Investing by Mike Farmer | March 25, 2008This week I’d like to be both practical and a little futuristic. On Bloodhound Blog, my blog, Bonzai, and several other blogs lately, there has been talk about changes in the real estate field, and one of those changes, the team approach, is a topic I’d like to relate to investing — not just “team” [...]
Read the full article → Foreclosures by Richard Warren | March 24, 2008Last week I wrote an article about “Lucky”, the wanna-be real estate tycoon (article). The article was meant to be a tongue-in-cheek story, yet many people took it seriously. The fictional character “Lucky” was a composite of many people that I have met over the years. He was portrayed as someone who wanted to get [...]
Read the full article → Real Estate Deals by Mike Farmer | March 22, 2008Real Estate Investment Economics When considering the economic viability of an investment, present income and future income should be evaluated carefully along with changes and predictions of demographics. A fully rented strip mall may look attractive to start with but an evaluation is in order to determine economic viability. Is the area growing at a [...]
Read the full article → Real Estate Interviews by Joshua Dorkin | March 21, 2008We certainly have not been focusing on our investor interviews lately and we’re making a concerted effort to change that. We’ll start with an interview with one of our active BiggerPockets contributors, Tom Cmunt. Tom has given much of his time to help fellow BP’ers through our forums and has become a staple in the [...]
Read the full article → Learn Real Estate by Jim Watkins | March 20, 2008How Valuable is One Lead? People often ask me what the average response rate is when mail marketing to homeowners in pre-foreclosure. There are two answers depending on what the content of the letter is. If the purpose of the letter is to see if the homeowner is willing to sell, then the average response [...]
Read the full article → Flipping Houses by Troy Schuricht | March 20, 2008Banks require a preliminary title report on all real estate transactions. The preliminary title report serves many functions, but one that could cause you to loose a great deal on your next investment is the Chain of Title. Most lenders require a title company to give them a 24 month chain of title. This simply [...]
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Now is the Time to Press . . . Don’t Listen to the Spectators!
by Milton B. Yates | March 30, 2008“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who [...]