August 2008

Real Estate Investing

“Doom and Gloom” Media Good For Real Estate Investors

by Rob K. Blake | August 31, 2008

The media reports of late are all “doom and gloom” focusing on foreclosure numbers, price declines, and inventory levels. One might start believing real estate as an investment class is a bad pick and could stay that way for a long time. Don’t believe it for a second…but before I make my case, let’s start [...]

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Commentary

Taking Back the People’s Money with PMS – “People’s Money System”

by Tom Koziol | August 30, 2008

Today I roll out my PMS – People’s Money System. Forget the drum rolls and forget the fanfare because once PMS infects your soul, you will be a different person. Before I get into the specifics, I think you should visit this page because the author not only lays out what is already in the [...]

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Commentary

Who is Better for the Real Estate Market: McCain or Obama?

by Joshua Dorkin | August 28, 2008

Do you think that John McCain or Barack Obama has better policies for the real estate market? I’m curious about how folks see the 2 major party presidential handling the real estate marketplace and I’m interested in starting a discussion taking into account, tax policy, monetary policy, and other factors. I don’t want to hear [...]

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Real Estate Investing

9 Crucial Items That Should Be On Your Lease Option Checklist

by Jason Hanson | August 27, 2008

One of the 6,127 reasons that I’m single is because I can’t stand high maintenance women (this one’s voluntary, so two out of 6,127 ain’t bad…I’ll get to the second voluntary reason in a minute). Anyways, right now I’m working on a pretty house wholesale deal (wholesaling a house subject-to) and the seller is crazy [...]

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Economy

New Home Sales Up; New Home Sales Down: A Real Estate Economy In Flux Makes Trends Hard To Define

by Charles Feldman | August 27, 2008

35.3 percent. By any measure, a staggering number. It is by how much new home sales have dropped from July 2007. But we are in one of those wierd times when figures seemingly contradict one another and “trends” are hard to keep up with. For example, while it is true that new home sales are [...]

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Commentary

Impact of the Imminent Failure of Freddie Mac and Fannie Mae and the Decline in Availability of Rental Properties on Apartment Building Investors

by Ted Karsch | August 26, 2008

The imminent failure of both Freddie Mac and Fannie Mae has already begun to have a detrimental impact on the larger US economy and the ability of home buyers to finance the purchase of a new home. This is an unfortunate circumstance for many young families who may not be able to qualify for a [...]

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Real Estate

Do I Really Need A Home Inspection?

by Richard Warren | August 25, 2008

Is it worth $300-$500 to have a professional home inspection prior to making a purchase? This is a question that I ask myself frequently. For most people the answer is absolutely! The average homebuyer does not have the experience or the knowledge to effectively evaluate a home prior to purchase. Experienced real estate investors, and [...]

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Mortgages & Lending

Warren Buffet Says The “Game Is Over” for Fannie and Freddie

by Rob K. Blake | August 23, 2008

Warren Buffet, the oracle from Omaha, said today in a CNBC interview the “game is over” for Fannie Mae and Freddie Mac. He stated the not-so-obvious fact that the two GSEs both have a zero net worth which means stock and bond holders are holding an empty bag. Hank Paulson’s recent law gives him the [...]

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Commentary

The United States’ Foreclosure Problem – Solved with PMS!

by Tom Koziol | August 22, 2008

Since I have been promising to present my very own solution to the foreclosure problem I think I’ll get started. I think you should know my proposal is a mixture of theory and several “proposals” that have been tried before. None were implemented because they were pronounced as frauds and the proposal proposers jailed. Conspiracy [...]

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Learn Real Estate

The 10 Documents You Must Use When Doing a Lease Option

by Jason Hanson | August 21, 2008

I’m still training for my marathon and I still want to shoot myself as I jog through the summer heat in my Bill Clinton shorts (maybe I’d be having more fun if I had an intern?). Anyway, I’m in this marathon mess because of a promise I made to a friend. So, I was thinking, [...]

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Economy

Say Again: A JUMP In Home Sales?

by Charles Feldman | August 20, 2008

Homes sold–up 25.5%. Homes sold–up 17.1 % Homes sold–up 48.6%. Is this happening on Mars? In Russian invaded Georgia? In the Arctic? Would you believe this is happening in, of all places, Southern California! Well, the figures, as they say, speak for themselves. Apparently, falling home prices over the past year are bringing about a [...]

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Commercial Real Estate

Buy an Apartment Building in 4 Steps

by Ted Karsch | August 20, 2008

The first purchase of an apartment building can seem like an overwhelming endeavor for the buyer. There is a lot of information and terminology that is suddenly thrust upon the first time investor and chances are that the new investor doesn’t have the knowledge base to accurately sift through the information to obtain and utilize [...]

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Real Estate Law

How Not to Market Your Real Estate Business or Properties – A Look At Email Marketing Laws

by Joshua Dorkin | August 19, 2008

This post has been a long time in the making, and is something that I think many people can commiserate about. Adding People to Your Email Marketing Campaigns is Not Only Annoying, but Can Also be Illegal There is nothing that makes me want to cooperate with a company or investor more than when they [...]

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Blogs

Municipal Building Inspector: Friend or Foe?

by Richard Warren | August 18, 2008

It’s 10am, do you know where your building inspector is? You certainly know where he isn’t, he isn’t approving the most recent work so that you can move on with your project. Your inspection was scheduled for first thing in the morning and the inspector finally shows up near the end of the day.  On [...]

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Economy

Greenspan Gives Guidance on Housing Market

by Rob K. Blake | August 16, 2008

Alan Greenspan, the controversial former Fed Chairman, in an interview by the Wall Street Journal’s David Wessel gave us a few pearls of wisdom to ponder about the state of the housing market. He starts out with a prediction calling for a stabilized market by summer of 2009. Greenspan admits depending on the size of [...]

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