Blogs
Blogs by Richard Warren | November 3, 2008It wasn’t that long ago that people were touting the extraordinary power of leverage. Use as little as possible to control as much as possible. Leverage was used in business and especially in real estate. You were considered an amateur if you put down 20% to buy a property, 5% and even 0% down became [...]
Blogs by Richard Warren | October 27, 2008Back in May I posted an article suggesting that the Las Vegas real estate market may finally be showing signs of life. Since that time we have seen a continuation of the banks dumping foreclosed properties on the market and prices falling further. We have also witnessed the cancellation or delay of several projects including [...]
Blogs by Richard Warren | October 20, 2008When a cat falls, its innate sense of balance allows it to land on its feet, bounce up and prance away without ever losing that smug look of “coolness” on its face. When a dead cat is dropped it too will bounce up only to come crashing back down with a resounding thud. That explains [...]
Blogs by Richard Warren | October 13, 2008There was definitely fear and loathing in Las Vegas at last week’s meeting of The Real Estate Insiders Club. As I’ve stated in previous articles, you get the most out of your local real estate club (Article) by networking with the other investors. The recent spate of extraordinary events made this more true than ever. The [...]
Blogs by Richard Warren | October 6, 2008The credit markets have been so frozen that the Government felt that they had to step in with the recently enacted $700 Billion bailout. The freeze that started with subprime mortgage loans had spread to prime mortgages, auto loans, credit cards and other consumer loans. The entire economy was teetering on the brink of collapse. [...]
BiggerPockets News by Joshua Dorkin | October 1, 2008They’re Here! We’ve Launched BiggerPockets Blogs! In last week’s newsletter, we told you some of the reasons to blog. Now that we’ve officially launched BiggerPockets Blogs, I’d like to share some of the great features of our blogging system, along with some great reasons to get blogging on BiggerPockets. Some Reasons to Set Up a [...]
Blogs by Richard Warren | September 29, 2008As 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 [...]
Blogs by Richard Warren | September 22, 2008The 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 [...]
Blogs by Richard Warren | September 15, 2008By now everyone understands that the insane run up in real estate prices was fueled by easy credit. Buying a house with little or no money down was child’s play. Every novice investor that entered the market only exacerbated the phenomenon. Even those who weren’t looking for an investment, just a primary residence, got caught [...]
Blogs by Richard Warren | September 8, 2008Imagine that you are on an African Safari. As you are working your way through the jungle in search of big game, suddenly you are confronted by a lion with a bad attitude. If you were armed like Rambo with a huge gun and lots of ammunition, you would probably come out of the encounter [...]
Blogs by Richard Warren | September 1, 2008Very early on in my investing career I received a great lesson in rental property ownership. In the early 1990s I saw the potential for the Las Vegas market and decided that it would be a good idea to have long-term investments in the area. At the time there were about 5,000 people moving there each month [...]
Blogs by Richard Warren | August 18, 2008It’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 [...]
Blogs by Richard Warren | August 11, 2008I made my first foray into small town real estate back in 2005. Having been used to large suburban markets, I soon discovered that this was a different animal. Many large markets had run amok with rampant speculation that was driving real estate prices into the stratosphere and I wanted no part of the risk [...]
Blogs by Richard Warren | August 4, 2008Another one bites the dust… A major Las Vegas construction project was halted last week. The $4.8 billion Echelon Place development on the Las Vegas strip had been hailed as a sign that the city will survive the current economic woes. Construction on the 87 acre project began in June 2007. The developer, Boyd Gaming [...]
Blogs by Richard Warren | July 28, 2008The housing , bubble, sub-prime meltdown and the bubble in the oil markets. Like a witches brew straight out of Macbeth, it all comes together like an evil potion to make life miserable for all. Hindsight being 20-20, we can look back and see how one thing led to another to bring our economy to [...]
Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved.
BiggerPockets® is a registered trademark of BiggerPockets, Inc.
Joshua DorkinMarty Boardman
Jeff Brown
Chris Clothier
Ken Corsini
Peter Giardini
Jason Grote
Clay Huber
Kevin Kaczmarek
Douglas Lazovick
Ziv Magen
McKellar Newsom
Brandon Turner
James Vermillion
Sharon Vornholt
Melissa Zavala
Michael Zuber
A New Buzzword: Deleveraging
by Richard Warren | November 3, 2008It wasn’t that long ago that people were touting the extraordinary power of leverage. Use as little as possible to control as much as possible. Leverage was used in business and especially in real estate. You were considered an amateur if you put down 20% to buy a property, 5% and even 0% down became [...]