How to "Be Your Own Bank" (B.Y.O.B)
Wednesday, July 31
By being your own bank you can not only do well when things are good but you can do even better when they are not. How? By doing the opposite of how banks lend. Instead of overextending, you only lend a small amount relative to the true value of a property. This one of the best way to protect an...
The Hidden World of Pre-Foreclosure (AKA. Non-performing notes)
Wednesday, July 31
Zillow's pre-foreclosure listsYou have probably heard that money is made when you buy not when you sell in real estate. This is truer today than ever. By the time a foreclosure reaches the open market (MLS) it has most likely been traded behind the scenes more than a few times. Therefore, the en...
Riding the Real Estate Waves or Crashing into the Shore Naked?
Wednesday, November 21
(Picture above of me with my Granddad in Summer of 1991, surveying the ocean waves for the first time)First, I’m not a surfer since I live in Michigan. However, I do remember the first time I saw real waves in Ventura, California. I was 13 years old and visiting my wealthy cousins for the first...
Will the Housing Market Crash Soon?
Wednesday, November 21
Will the Housing Market Crash?This question seems to be on everyone’s mind these days... Now I don’t have a crystal ball, but I do have a personal history involving the subject. Here is what I do know…Real estate has a market cycle that is driven not only by supply and demand, but also by huma...