Commentary by Troy Schuricht | July 24, 2008Before we can talk about the good news of a recession, lets define exactly what a recession is: ”In macroeconomics, a recession is generally associated with a decline in a country’s real gross domestic product (GDP), or negative real economic growth. According to widespread definition, a recession occurs when real growth is negative for two [...]
Read the full article → Financing Real Estate by Troy Schuricht | July 17, 2008Last week I spoke about why Portfolio Lenders are important to investors, but the bigger question may be how to find them. Tracking down a financing source is never an easy task. Many individuals have no idea where to start so they usually talk to there personal bank first. While the likes of Wells Fargo, Chase, Bank of America and [...]
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Who are Investors Going to Sell Homes to Now?
by Troy Schuricht | August 1, 2008With the new housing bill that just passed on Wednesday and goes in to effect on October 1, how are home buyers with out a down payment going to find financing to purchase your investment? The new bill eliminates seller-funded down payment assistant programs for FHA loans. Many investors and sellers are now faced with finding new [...]