March 2009

BiggerPockets is Featured by CBS 4 Evening News in Denver!

by Joshua Dorkin | March 10, 2009

Today has been another exciting day for BiggerPockets.com. Earlier today, I sat down with Andrea Lopez from CBS News (4) in Denver to talk about BiggerPockets. The interview was aired earlier tonight and I wanted to share it with all of our readers: CBS FEATURES BiggerPockets.com Special thanks to Andrea and CBS! I hope you [...]

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Economy

Who’ll Save Our Real Estate Market? Would You Believe, The Chinese!!!!

by Charles Feldman | March 10, 2009

Here they come. Whether it is in New York or L.A. or Boston or a neighborhood near you, the Chinese are on a shopping spree in this country…a shopping spree for real estate. According to an ABC News report, more and more wealthy Chinese are coming to America in search of real estate investment opportunities..and [...]

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Real Estate

Credit Score below 620? No Loan for You!

by Steve Heideman | March 9, 2009

Well, it’s official. The last lender I had who accepted a credit score below 620 just raised their minimum credit score requirement to—you guessed it—620. While this may not be the absolute last bank in the nation to do this, it is only a matter of time before other banks and lending institutions follow suit. [...]

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Blogs

Bring Back Those Cute “WIN” Buttons!

by Richard Warren | March 9, 2009

The Federal Reserve, Treasury and two Presidents have been throwing everything at the current economic downturn in the hope that something might actually work. Despite interest rates reduced to near 0% levels, $700 Billion thrown at banks, the $168 Billion stimulus (remember those checks?), various rescue schemes to save major corporations, the economy continues to [...]

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Commentary

Unemployment Now A Driver Of Foreclosures

by Rob K. Blake | March 8, 2009

Our current foreclosure crisis over the last three years was mainly driven by subprime adjustable rate mortgages with skyrocketing rate hikes at adjustment. As a driver of foreclosures, this really wasn’t such a a bad one since, at least, there was an end in sight. Once the subprime borrowers were cleaned out, the foreclosure crisis [...]

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Commentary

Turning America into a Blue State; Bad Idea?

by Brendan O'Brien | March 7, 2009

Some of the right-wing blogs I read are convinced that President Obama sincerely wants to destroy entrepreneurship in this country. This is nonsense. Obama loves entrepreneurship, but he would like to make a few changes to it. It’s the nature of the changes that worries me. If these changes worry you as well – and [...]

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Commentary

A Small Potato Gets Fried; Bailout Anyone?

by Tom Koziol | March 6, 2009

I moderate a debt discussion forum. By itself, that’s no big deal given there are probably 20,000 forum moderators in the U.S. However, I thought one post from the forum was worthy of exposing. I am not hawking the site, I am taking one post for discussion purposes and for anyone who cares to check [...]

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BiggerPockets News

30 Thousand Members and Counting! BiggerPockets.com Reaches Social Networking Milestone.

by Joshua Dorkin | March 5, 2009

BiggerPockets has reached yet another exciting milestone in its continued development as the nation’s premier real estate social networking website, 30,000 Members! With a limited amount of time in the day and attention spans shrinking, it is becoming harder and harder to join every social network out there. As such, only the best thrive! We’ve [...]

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Real Estate Investing

How did I reduce the risk on my latest lease option deal?

by Jason Hanson | March 5, 2009

I’m getting ready to head over to my latest deal and put a sign in the front yard and take better pictures. This is a lease option deal in Clifton, VA. And the best part as always? No money down. Also, because of the “terrible” economy I’m always able to negotiate more in my deals [...]

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Real Estate Investing

Wholesale Real Estate Transactions: Avoiding Dealer Classification

by Greg Boots | March 4, 2009

When most investors think about business planning for their real estate investments, their main focus tends to be strictly on asset protection. However, there is a genuine need to also focus on potential adverse tax consequences depending upon the type of real estate transactions that you have targeted for your investing strategy. Wholesaling properties falls [...]

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Real Estate

How Do You Spell Mortgage Relief? How About B-A-N-K-R-U-P-T-C-Y

by Charles Feldman | March 4, 2009

Mortgage Relief + Congress = Bankruptcy Court Looks like the ever expanding home mortgage crisis will be headed to courtrooms after all. Democrats in the House have apparently come to terms on legislation that would give bankruptcy judges authority to rewrite mortgages provided borrowers could prove that they had tried without success to secure better [...]

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Commercial Real Estate

Business Owners Buy Commercial Real Estate

by Ted Karsch | March 3, 2009

With interest rates now at historically low levels and the United States many business owners have been considering the purchase of commercial real estate for their business locations. The benefits and drawbacks to commercial real estate ownership vary from business owner to business owner but potential buyers should educate themselves about the obvious and sometimes [...]

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Economy

Mortgage Interest Deduction in Jeopardy

by Steve Heideman | March 2, 2009

The mortgage interest deduction, which has long been an untouchable pillar of the tax code for homeowners, is on the chopping block in President Obama’s 2010 budget proposal. The President wants to reform our healthcare system here in America and is proposing the mortgage interest deduction be capped at 28%. This would affect homeowners making [...]

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Blogs

Another Financial Crisis Looming?

by Richard Warren | March 2, 2009

Could anything be worse than the foreclosure crisis? People who purchased more expensive homes than they could afford or used risky mortgages to obtain them are losing their homes in record numbers. Banks who aggressively pushed loans on poorly qualified borrowers are suffering the consequences. The economy has been dragged down by the crisis. Will [...]

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Commentary

Obama Removing Mortgage Interest Deduction – Dumbest Idea Of The Week

by Rob K. Blake | March 1, 2009

The Obama budget announced this week – in the middle of biggest housing crisis since the Great Depression – seeks to raise tax revenue by removing the mortgage interest tax deduction for those that are in the 33% and 35% income tax brackets. What? You’ve got to be kidding, right? I can’t count the ways [...]

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