September 2008

Paulson didn’t see this Meltdown Coming? Huh?

by Rosie Nieto | September 30, 2008

Scott Pelley interviewed Treasury Secretary Henry Paulson on 60 Minutes Sunday night and I thought I was going to blow a gasket. Pelley reminded Mr. Paulson of a quote he said way back in April 2007: “I don’t see sub-prime mortgage market troubles imposing a serious problem. I think it’s going to be largely contained.” [...]

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Economy

700 Billion: Can we handle the truth?

by Rob Powell | September 29, 2008

Greetings from the metropolis of Cedar Crest, NM. Where my weekends are filled with youth football, soccer…and then some. As I yell at my boys from the sidelines to hustle and tackle and kick….the number 700 billion creeps into the forefront of my mind. What in the heck is 700 billion? What can one say [...]

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Blogs

A Bag Of Money To Buy A Loaf Of Bread?

by Richard Warren | September 29, 2008

As a little boy I used to ask my grandmother to tell me stories of her life as a young girl in Germany. She was always reluctant to talk about it, but I was usually able to coax something out of her. I didn’t understand until I was much older, but her reluctance was a [...]

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Landlord Tenant

Landlords: Here’s a Long, Long List of Tenant Rules

by Brendan O'Brien | September 28, 2008

Okay, I’m not going to post all of my tenant rules here (although I will if commenters want to know). This is more about why tenants need rules, why I have many more rules than most landlords, and how I enforce rules with a minimum of pain. The TV That Woke Me Up When I [...]

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Commentary

A Bad Bank: I Laughed All The Way Home

by Jim Watkins | September 27, 2008

This article is a stretch when it comes to being about real estate but, what happened to me yesterday at the bank was so dumb that it all makes sense. I had hired three day laborers to help me with a small house project I have been working on and as I was driving them [...]

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Commentary

Paulson Rescue Plan: What’s In It & What Dissenters Want In It

by Rob K. Blake | September 27, 2008

We all know by now about the $700 Billion Paulson rescue plan he’s been attempting to stampede through Congress for the last week. But do you really know what’s in it? Do you know what those against it want in the plan before they sign on? What Hank Wants Let’s take a look at the [...]

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Economy

Housing Bailout Quotes of the Day. What Real People think of the Bailout.

by Joshua Dorkin | September 26, 2008

As our great and venerable (throat clears) leaders continue to debate the bailout of banks and millions who cannot afford their homes, I thought that I’d share some quotes that might bring some perspective to the issue: On the value of money nowadays: And to think, $50 billion use to sound like an unimaginable amount [...]

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Mortgages & Lending

The Shrinking HELOC

by Tom Koziol | September 25, 2008

All serious real estate investors understand the importance of having a hefty HELOC in their back pocket. At least I think they do or I wouldn’t make that kind of bold statement. I am in no way intimating having or using a HELOC is the only way to buy property. I’m simply saying it is [...]

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Real Estate Investing

Are You A One Trick Pony? How to Profit in Today’s Real Estate Environment.

by Jason Hanson | September 24, 2008

I screwed myself at the grocery store again. I bought 24 cans of Spaghettio’s (no, I don’t care if that’s the correct spelling) because they were on sale two for one. Well, I finally ate a can yesterday and it was terrible. As in, I didn’t even eat it all and I will eat almost [...]

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Economy

More Mortgage Fraud? FBI Investigates Bailout Firms: CNN

by Charles Feldman | September 24, 2008

In a move that should surprise no one, the FBI, says CNN, has opened an investigation into Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc., and American International Group, the four companies now at the very heart of the proposed $700 billion dollar theft–I mean taxpayer bailout–plan being pushed by Bush and gang in Washington. [...]

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Commentary

Apartment Building Investors Versus Apartment Building Speculators

by Ted Karsch | September 23, 2008

Investing, in my opinion, should be treated like a business. It requires a product which produces an income or cash flow larger then the expenditures necessary to sell the product. Therefore, it should produce a profit for the manager or business owner. Unfortunately, many investors are actually not investors at all in the business sense [...]

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Real Estate

The Beauty of a Level Three Real Estate Business

by Rob Powell | September 23, 2008

Greetings from the metropolis of Cedar Crest, NM. Wow….It feels good to be back! It has been a long six weeks for me. You see, six weeks ago, I returned from Maui Mastermind and came down with the flu…then pneumonia. Not only was I stuck in bed but I was also hooked up to an [...]

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Commentary

Theories on Liquidity

by Tom Koziol | September 22, 2008

Trust, value, respect for one another, confidence, a person’s word plus a laundry list of other descriptives comprise not only our social fabric but our national financial landscape. If it were otherwise, we’d all need to walk around with pistols strapped to our leg. That is my segué into a nasty trick Wall St pulled [...]

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Blogs

That Fateful Day – November 12, 1999

by Richard Warren | September 22, 2008

The oldest among us may remember where they were on October 29, 1929, otherwise known as Black Tuesday, the day the stock market crashed. Members of the Greatest Generation, World War II veterans, will certainly recall where they were on December 7, 1941 when the Japanese bombed Pearl Harbor. Baby Boomers have clear memories of [...]

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Economy

Government To Steal $15,000 From Every American Household To Bailout Big Banks and Lenders

by Charles Feldman | September 21, 2008

NOTE: Image below is $15,000 Cash . . . pretty nice, huh? If someone came into your home and held you at gunpoint and forced you to fork over $15 thousand dollars in cash (provided, of course, you kept such a large amount at home), you’d call the cops as soon as you could, wouldn’t [...]

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