Posts tagged as:

housing

Commentary

Free Houses and Keeping Your Rental Property Rented?

by Tom Koziol | August 14, 2009
Pomerode
Image via Wikipedia

Those are the words I entered into a search engine because I was interested in obtaining a house for free. I could not think of any other way to find one so I resorted to the Internet. If you want to try it, be prepared for some slapstick findings.

I tell you this upfront so you won’t be disappointed with what pops up on your computer. I went to one site where the person was selling a book on “free houses” but failed to put even one buy button on the sales page.

His idea sounded plausible but seeing this huge faux pas I assumed his material was less than worthless. I don’t know that for sure since I couldn’t buy his book to read, because he doesn’t allow anyone to buy it.

I did find a budding entrepreneur who offered free homes to anyone who agreed to abide by some, what I consider, draconian conditions. They weren’t very clear on the extent of the freeness, ie, I couldn’t tell if the offered homes were really free and clear to anyone who did abide by the conditions because all they mentioned were the conditions.

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Commentary

Which Cities are the Best to Invest in Real Estate?

by Ryan Moeller | August 7, 2009

Should you follow everyone and invest in the hot appreciating markets the media and everyone talks about?

The media has a much different approach in that they look at hot markets speculatively as ones that will appreciate, our approach is much different. I previously wrote on the topic where to invest and identified many smaller cities, the Midwest and OH as areas that hit on all 4 of my criteria: Little chance of depreciation, lots of available deals, low competition, multiple exit strategies.

Here I will identify specific cities that have an oversupply of opportunity for savvy investors, using the PMI U.S. Market Risk Index that I talked about in that previous post.

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Housing

Where to Invest in Real Estate?

by Ryan Moeller | July 29, 2009

When it comes to finding great real estate deals, I am a firm believer that you can find deals in any market and any time. But what is the probability that you can cherry pick from many home run deals have little competition and multiple exit strategies?

To identify markets to invest it is recommended to have not 1 or 2 of the following, but all 4:
Little chance of depreciation, lots of available deals, low competition, multiple exit strategies.

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Commercial Real Estate

Commercial Tenants in the Driver’s Seat

by Brendan O'Brien | July 18, 2009

Nine years ago, my employer (a software company in Burlington, Mass.) was nearing the end of the 10-year lease term for its headquarters building.  This was just about the time that the software industry was beginning to decline, for two reasons: all of the Y2K bugs had been resolved, and investor money was no longer [...]

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Commentary

Berlin, Boston and the Great Equalizer

by Brendan O'Brien | June 14, 2009

Image by The Library of Congress via Flickr

A few years back, my good friend Matt had a job offer to work at a company in Caribou, Maine. Caribou fits its name pretty well – it is the northernmost city in Maine, and actual caribou (that is, reindeer) used to live around there. Caribou [...]

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Real Estate

Here Comes the $8,000 New Home

by Brendan O'Brien | May 30, 2009

Image via Wikipedia

Remember the company that created the $2,000 new car?  Tata Group of India has unveiled its newest brilliant innovation – the $8,000 new home.
The bad news is, Tata won’t be bringing its $8,000 homes to the United States any time soon.  Shubh Griha, the company’s new housing development, is located in Boisar, about [...]

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Real Estate

Swine Flu & The Housing Crisis: A “Perfect Storm”

by Charles Feldman | April 28, 2009

Image by pixelfrenzy via Flickr

It’s always something!
Just when there are some small (real small) signs that the U.S. economy may be on the mend, a new, never before seen type of swine flu is making the rounds from California, to Texas, to New York, to the U.K., to Spain and, of course, Mexico.
So far, [...]

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Economy

Obama’s Making Home Affordable Plan Update

by Steve Heideman | April 20, 2009

Secretary of Housing and Urban Development Sean Donovan was on Bloomberg this morning discussing the state of housing and the Obama Making Home Affordable Plan. There are some signs that the program is starting to work.”I think we have a good balance of carrots and sticks” said Donovan when asked about banks and servicers working [...]

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Landlord Tenant

Be Proactive with Undemanding Tenants

by Brendan O'Brien | April 18, 2009

Image by TheTruthAbout… via Flickr

So you’ve got five residential tenants.  Joe consistently pays late.   Christine got in a fight with her boyfriend and kept everybody awake on Christmas Eve.  Alex leaves his trash out in the halls.  Richard calls you around the clock to complain – about the other tenants, but also about the traffic [...]

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Real Estate

Home Builders Unite: Pulte Homes buys Centex for $1.3B

by Joshua Dorkin | April 8, 2009

In a sure sign that in order to survive the hobbled housing market you must take chances and make drastic moves, two of the largest home builders are going to be merging. According to the Washington Business Journal:
Pulte Homes Inc. has agreed to buy fellow homebuilder Centex Corp. in a stock swap valued at [...]

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Commentary

Banks Walk Away From Foreclosed Homes; GM CEO Driven Away By “O” Administration

by Charles Feldman | March 31, 2009

Looks like some banks have stolen some ideas from their own customers…after months of worry about homeowners walking away from foreclosed properties, more and more banks are now apparently doing the same thing, leaving the property owner holding the bag.

According to a New York Times report, “the so-called bank walkaways rarely mean reflief for the [...]

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Commentary

Beware “Good” Housing News; May Be A House Of Cards

by Charles Feldman | March 24, 2009

Don’t pop those corks just yet. We may have ducked a few thunderheads, but we still have enormous storm clouds ahead.
The news that existing home sales rose in February at the fastest rate in some six years, certainly brings with it the hope that the bottom (or end) to this mortgage caused misery is nearing.
While [...]

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Commentary

State Governments Getting Hoodwinked By Home Builder Lobby

by Rob K. Blake | March 22, 2009

We all know about the first time home buyer tax credits the Obama Stimulus Plan put in place a few months ago. But now we see State governments getting into the act. California lead the pack by announcing their new home $10,000 tax credit program and now other States are following suit.
California New [...]

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Commentary

February Foreclosures Up 30% from 2008; Does Obama Own the Crisis Yet?

by Joshua Dorkin | March 12, 2009

Almost 291,000 homes across the US received at least one foreclosure-related notice last month, up 6 percent from January, says RealtyTrac.com, a compiler of foreclosure data.

The big question in the minds of pundits is when the Obama administration is going to officially own the economic and housing crisis. Fifty days into his administration, the [...]

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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 they are [...]

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