Not too long ago I went to a neighboring town to check out an investment possibility for an investor I work with - rental subdivisions. The owner had built these homes in a college town 15 years ago and they were all basically the same style, cottages — some 2/2, some 3/2, 1400 sq ft […]

Popularity: 1% [?]

• 0 Comments

Will we ever learn? Doesn’t look like it.
You’d think what with all that has gone down with the subprime mortgage/credit mess, the real estate industry (or, at least, segments of it) would be in the forefront of a much needed reform movement.
Instead, there seems to be an almost pathological desire to return to “normal” as […]

Popularity: 9% [?]

• 7 Comments

In the late 1990s country music star, Trisha Yearwood, had a hit song titled Walkaway Joe. The title of that song would be an apt description of many borrowers today. These people invested in real estate by leveraging themselves as much as possible. Many of them bought homes with little or no money down.
The […]

Popularity: 10% [?]

• 5 Comments

I was just reading an article about how Mortgage Fraud is now a specific crime in Missouri, but couldn’t help but think to myself whether or not this law goes far enough. While I haven’t read the law itself, a $2,500 fine and/or jail is just not going to cut it. The loans […]

Popularity: 9% [?]

• 1 Comment

January 9, 2008 was a LONG time ago!
On that date, I went into contract with a buyer of one of my properties.
Fast forward one hundred and fourteen days later (114) - Today - And look at my joy!
WE FINALLY CLOSED!!

In that time, my buyer went through 2 mortgage brokers, 3 banks, and I think we’ve […]

Popularity: 9% [?]

• 22 Comments

I’ve decided to lie to you. At least, I’m being honest about it!

I have grown tired of reporting weekly, it seems, on the ever expanding, contracting global credit market and the resultant deep recession the U.S. currently finds itself on the cusp of.
Americans, perhaps more than people anywhere, love being in denial. We deny we […]

Popularity: 8% [?]

• 6 Comments

Hey Everyone and welcome to the 88th Edition of the Carnival of Real Estate! This week, we had 23 submissions and I’m going to share with you 14 of the ones I think are most interesting.

Top Pics

Will’s Why I Still Love Real Estate Investing: Being A Landlord on the Your […]

Popularity: 8% [?]

• 5 Comments